Back in the GFC in the US you could offer the bank pretty much...

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    Back in the GFC in the US you could offer the bank pretty much anything and they just wrote the mortgage off - say if you owed $600k you could offer $150 and they just said ok . That's a big part of why the Sh hit the fan. I know some major gold traders in the us who took advantage of that put what they had into gold and made a small fortune. Never had to pay back the rest. Here there is no way the government would let that fly.
    Last edited by kates9999: 23/02/17
 
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