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Citigroup Inc. Message Board

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  • rock12077 rock12077 Feb 20, 2009 9:43 AM Flag

    How can you nationalize without trying

    the assets are far from worthless, a forclosed bank owned property isnt worthless... Yes it is worth less than the amount of the loan but at some point that home will again be sold. Even if it is worth half... Secondly 90% of homeowners are current on their payments... The problem is there is such a disconnect between the value of the home portfolio and what the market is offering to pay for it... If your competitor marks them at .20 cent on the dollar you have to as well... Yet the asset is worth much more than the .20 cents....

 
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