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To: SatinDoll
Do you know, or can you guess, at what will happen if Wells Fargo and JPMorgan cease to exist? What happens to the monies owed them, for houses, automobiles, and credit cards?

Good question, I've always thought that myself. It is like the reverse of somebody who dies and there are no relatives, what happens to any debts?
11 posted on 12/09/2011 10:24:37 PM PST by Nowhere Man ("People should not fear their government, their government should fear the people." - V for Vendetta)
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To: Nowhere Man
“It is like the reverse of somebody who dies and there are no relatives, what happens to any debts?”

Oh, not to worry, those debts have been rehypothecated so many times there will be a flock of Simon Legrees chasing the debtors.

The lawyers will be the last ones to get rich before the denouement.

14 posted on 12/10/2011 12:49:49 AM PST by SaxxonWoods (....The days are long, but the years are short.....)
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