Comment by nsfyn55

Wealthy Borrower: "Why can't I refi lower?"

Lender: "No, because your loan isn't secured by the government"

Wealthy Borrower: "I am just using logic here, you're telling me a riskier borrower with lower credit than me can refi?"

Lender: "If their loan is secured by the government, yes"

Wealthy Borrower: "I don't understand"

Lender: "Well at least we agree on something"

Are you really using logic? Seems like a dubious claim to me. Capitalism is a harsh mistress Mr.1%. Don't like it move to Denmark.