So, federal money goes out and is never repaid. Kinda like the wall street bailout, right?. BILLIONS of taxpayer dollars spent to bail out people who don't recognize a bad investment and if not paid back.. it's OK.. just "unrealized" profit. Technically would be true if the loans were paid back at very low interest rate so the money that COULD have been spent on other things didn't depreciate (1% maybe).
Comments