Treasury Policy - Extend and "Pretend" on Loans?

, and if the loan can be amortized down to where the loan is no longer more than the value, then the lender does not have to take an impairment -write down. Loans are to be modified by rate reductions, deferral of reserves, deferral of amortization or what ever. Just NOT principal reduction. This is just like they are doing in housing. Giant make believe. The free market seeking an equilibrium price is no longer economic policy. In short, the working of the free market is suspended. She ...
Author: FatLibertarian; Tags: treasury policy extend and pretend hide the loss hide the decline banking failures


















