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Accidentally the banks got caught up in their own executives/controlling shareholders ‘hypergreed’. The payday for running a Administration probably was actually in the administrations aftermath failure to the US citizens. REO and subtracting this sale price from note face value creates an absolute loss and is usually paid by FDIC or some next government or CDS insurance loss subsidy. Remember, that’s evidenced by fact that guys from the Clinton Bush administrations are enableed to purchase failed banks with ok up money guaranteed to create massive returns by the US Government. Although, these same bankers could’ve… Read Article →

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