So JP Morgan bought Wamu. They bought the mortgages for 10 cents on the dollar. So a $200k mortgage they bought for 20k.

17 years ago

17 years ago

Why was this not offered to the home owners as a solution.? I'd gladly pay 20k IN CASH to get my home free and clear.

17 years ago

you raise a very good point.

17 years ago

Imagine the money people would save AND SPEND to benefit the economy

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