icj1
pre 12 godina
Student loans – As the Us Government guarantees these loans it holds the upper hand and they can sell those guarantees on the open market.
(sj, 22 September 2011 01:09)
Dude, you lack some basic understanding of finance and accounting. If "sale" is defined as A selling something to B and receiving a payment from B in exchange, loans can be sold, because they are an asset, but guarantees can't because they are a (contingent) liability.
If A guarantees something and wants to "sell" that to B, it's not B which pays A for the "privilege" of owning the guarantees. It's A that will pay B to transfer the guarantees to B. B is not stupid to become a guarantor without receiving a payment.
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