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To: bruinbirdman

And just who gets to buy these assets for pennies on the dollar?


2 posted on 09/16/2009 6:25:11 PM PDT by refermech
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To: refermech
This crap was done by the Resolution trust in Texas and the sotuhwest from 88-92. The FDIC killed hundreds of businesses by calling loans at failed banks. Can't pay in 7 days or get a new loan from another bank? We close your accounts and sieze your collateral.

Investors created funds and bought up the loans and the collateral for those pennies on the dollar. This is one of those rich get richer deals. Time to form an investment group get your friends on it and find a friendly banker to stear you to the deals.

13 posted on 09/16/2009 7:30:45 PM PDT by q_an_a
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