These same bankers could’ve chosen another route. That’s evidenced by fact that guys from Clinton Bush administrations always were leted to purchase failed banks with ok money guaranteed to create massive returns by the US Government. REO and subtracting this sale price from note face value creates an absolute loss and is paid by the FDIC or some next government or CDS insurance loss subsidy. Accidentally the banks got caught up in their own executives/controlling shareholders ‘hyper greed’. They have used their amazing Washington DC lobby over the last 4 decades to get to place… Read Article →
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