>> The way to look at it is that the bank "pays" you to then
>> immediately make-good on the loan. It's not a gift, of course; so
>> you pay tax on it as income.
>
> It's a bookkeeping gimmick to write bad debt off your books by
> claiming that you paid someone.
Er, no. You're getting a big benefit out of this, just like if someone paid you.
Think it through. Go slower this time.
/jordan