Re: Variable Principal Mortgages

On Mar 4, 2:05 pm, phil scott <p...@xxxxxxxxxxxxx> wrote:

the final fatal flaw in your idea is that its sensible..... so of
course there is no way in hell that will fly.>

:) :) Heavy laughter here. Thanks. However, I sense there is
something basically wrong with "Variable principal mortgages".
Otherwise some bank somewhere would have done it. The financial guys
are very bold and aggressive, I think. Also, the idea of variable
principal mortages is no help with current subprime mess. I think that
super mess is going to need to be cleaned up in the courts and will
take a long time.
.

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