Comment: "The Fed" isn't new either. ;)

(See in situ)

In reply to comment: This isn't anything new. The (see in situ)

Garan's picture

"The Fed" isn't new either. ;)

..but I don't see people saying "this isn't new", which is basically saying "I already know this". Others might not know and it is news to them.

That aside, it is interesting to see you mention how people would otherwise side-step the IRS with cash loans, yet mortgage debt is handled differently.

If you connect the two ideas, then couldn't someone accept a unpaid and forgiven mortgage debt as payment?