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Maj John Bell
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Edited >1 y ago
There's not a thing to stop her from canceling the rent payments for her tenants. Wonder why she doesn't?
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Sgt Self Employed
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Good for thee, not for me?
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SPC Jesse Davis
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She manages a property with barely 10 tenants and she's clearly willing to let that go if her legislation passes.

Conservatives have been living with dissonance so long that they don't even know what hypocrisy is anymore.
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Maj John Bell
Maj John Bell
>1 y
For typical banks and credit unions between 55%-70% of the institution's earning assets are tied up in home mortgages.

_When those lending institutions no longer have that revenue, what next?

Federal laws require banks to manage non-performing assets, and requires certain action to keep those assets at a certain level.

_What happens, across the financial institution industry, when large numbers of banks cannot meet federal requirements, but they cannot foreclose?

_What happens when people who depend on the income they earn from assets managed by banks, have assets that are worthless and pay nothing?
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She's willing to let it go? What does that mean? It's not like she's NOT going to be collecting rent, she just wants it to come from the federal government.
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Maj John Bell - History tells us what happens when the government is involved in determining who has to pay and how much. 2008 anyone?
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Maj John Bell
Maj John Bell
>1 y
SPC Cody Verba - As a condition of the loan that allowed her and her husband to purchase the property, they had to take out an insurance policy that covers the loss of income. She's out nothing. Her mortgage will continue to be paid. She's a hypocrite.
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