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No doubt that the banks got swamped by foreclosures but
Posted on: February 19, 2020 at 22:29:16 CT
DHighlander NWMSU
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they did have something of value and the ability to recoup some of their losses. With the number of people who lost their houses in the crash banks should have been able to mitigate some of their losses but a vast majority of foreclosed houses just sat empty and lost even more value.
Because of government intervention those banks were waiting on a solution from Uncle Sam instead of coming up with a good business plan to move properties that were coming into their possession.
Because of government intervention those banks were waiting on a solution from Uncle Sam instead of coming up with a good business plan to move properties that were coming into their possession.
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No doubt that the banks got swamped by foreclosures but - DHighlander NWMSU - 2/19 22:29:16