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jbog

06/03/16 9:00 AM

#12686 RE: DewDiligence #12685

In Europe, where mortgage rates are tied to government rates (Denmark,Spain), the mortgagee's are fighting that they get paid interest on what they owe. The governments think they are right.

This will not end well.

http://www.npr.org/2015/04/14/399641297/when-rates-turn-negative-banks-pay-customers-to-borrow