In order to make their balance sheet look better,
the banks would rather have a $200k asset on their books
than a $100k short sale.
Yes,
The fraud that banks and insurance companies are allowed to
continue pretending that the assets behind the loans they have made for commercial and home real estate is enormous.
Insurance companies are now going to be squeezed even further as annuity sales dry up as they are heavily taxed via obamacare.