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OK let me reel in my once more. These same bankers could’ve chosen another route. Accidentally the banks got caught up in their own executives/controlling shareholders ‘hyper greed’. Did you know that the payday for running a Administration was usually in administrations aftermath failure to US citizens. They have used their amazing Washington DC lobby over the last 4 decades to get to place where Chairmen of Investment Banking businesses now run Treasury and ministerial Reserve. REO and subtracting this sale price from note face value creates an absolute loss and is usually paid by… Read Article →