The United States treasury department announced the budget deficit swelled to $569 billion so far this fiscal year. $83.8 billion alone is from January.
The United States treasury department announced the budget deficit swelled to $569 billion so far this fiscal year. $83.8 billion alone is from January.
The US Government is rolling the idea of a government run bad bank to alleviate all the bad debt that’s in the financial system right now. The idea is to take the bad debt off the books so the banks will be more likely to lend to you and me.
My question is:
If this happens and all these mortgages go into this program, what happens when people don’t pay? Will they just be allowed to continue living there, or will the government evict them?
