Nugget,
I agree, this is quite disturbing. If this new arrangement is in fact put in effect, the congos will be indefinetely on the hook for the pledged amount in lieu
of their monthly mortgage payment. One can just imagine that they have studied the possibility of some congos "defaulting" on their pledges, so I am
sure that they have contingencies. It is my understanding that remodels are all mandated by the RBCs and more so now that they have a centralized "RBC" arrangement. Sounds like Communism to me.