[HereInTheHeartland]

These properties will be shoveled to big name real estate investors.
Those of us who might want to invest in a property or two will be shut out.

We as taxpayers will be subsidizing well connected investors, again.

[tennmountainman]

We will soon be making our Health Insurance payment to one place (Obamacare). Looks like home renters will be making their rent payment to 1 giant real estate company (Democrat, of course).

[Charles Martel]

Yes, this is a big change from the property auctions of the S&L foreclosures / Resolution Trust Corporation era. I went to a few of those auctions and most of the houses were small, old and in very poor repair.

I'm guessing that this time around (due to idiotic lending policies) the houses are newer, larger and more worthy of investment... therefore the peasants aren't allowed to participate.

[Responsibility2nd]

Why didn’t you post the article? Why did you post your comments where the article goes?

[dfwgator]

[DJ MacWoW]

At Least You Can Count On FR
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[yup2394871293]

Crony capitalism? Probably. Of course, how did they end up owning all those foreclosures in the first place?

[KarlInOhio]

Government Set to Sell Foreclosures in Bulk

Who'll give me a hundred dollars for Detroit?
One hundred dollar ... one hundred dollars
fifty... fifty...
OK, who will give a buck for the entire city...

[Lorianne]

A Huge Housing Bargain - But Not for YOU
http://www.thestreet.com/story/11224917/a-huge-housing-bargain—but-not-for-you.html

... from August.
This has been in planning for a while.
It is an outrage.

[Lorianne]

By the way. No one cares.
I’ve been talking and blogging about this for months and the response is a big shrug.

Bet you don’t get many responses to this.

People won’t wake up until we are all serfs, if then.

[yup2394871293]

Makes you wonder if he’s trying to raise another slush fund to buy votes with.

[Venturer]

Crony Capitalism is a nice way of saying outright theft and corruption.

[Matchett-PI]

bttt

[Syncro]

Excellent article and exposure of the way this administration runs whatever they can get their hands on.

Obama, Barney Frank et al paying off their buddies and making it even more difficult for ordinary citizens to own their own homes.

As was mentioned already, these homes that could be sold for what was paid for them will be drastically discounted so there will be many more rentals occupied by people that could have bought the homes.

Gotta keep close control of the people and pay off your buddies if the Marxist state is to be implemented.