General Discussion
21 Oct 2008
The problem that banks and mortgage lenders face is the asset on which they lend the money. Everyone knows what they would like to get for an asset – be it a house or some other valued (to you) possession that you are putting up as surety. Trouble is (and this applies to housing especially) they were grossly overpriced. Hence the bank and the mortgage lenders now know that the valued assets they ...
