The value of my car diminished the day I drove it off the seller's lot, and has diminished every day since then. I now owe more on that damn car than the car is worth. I want the loan amount reduced.
Disclosure: that was histrionics, as my car is actually paid off.
I read the article, which was loaded with proposals, maybes, not-yet-negotiated, non-final, etc. Which basically makes it vaporware.
ReplyDeleteOnly when I got to the bottom of it I realized they are proposing the banks pay for most of it, and not pass on the cost. I was skeptical on many counts, not the least of which was "when do banks NOT pass on costs?" as well as I calculated that not many homeowners would benefit from this with the amounts bandied about.