Detailed text transcripts for TV channel - MSNBC - 20100722:20:05:00
In seeing you pay, and they would rather you get -- pay them 80 cents on the the dollar, rather than walk away, having to go through foreclosure, recovering 40 cents on the dollar. >> the people who own the mortgage on my house have the same incentive i do. i can't afford the payment. let's walk away. >> the barrier is the second lien holder. the home equity loan. that came from jpmorgan. he knows if the first lien is written down. >> if the mortgage is renegotiated. >> he should be wiped out. so everything being done seemed to be being done to protect the banks again. >> which brings me to th...
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