They have used their amazing Washington DC lobby over the last 2 decades to get to the place where Chairmen of Investment Banking businesses now run Treasury and the ministerial Reserve. Accidentally banks got caught up in their own executives/controlling shareholders hypergreed. These same bankers could’ve chosen another route. It’s evidenced by the fact that guys from Clinton Bush administrations are always enableed 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 was… Read Article →
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