Dick Bove is pissed about the new mortgage settlement: “If you’re going to do something which is going to reduce the value of existing homes where people are making payments then every American should stop making payments on his mortgages and send a letter to the Attorney General in his state and say ‘I qualify to have my principal reduced because I’m not going to make any more payments on my house.'”
Think that’s a good idea?
Here’s Dick ranting live on CNBC:
To contact the reporter on this story: Damien Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com