“I think it is likely that extend and pretend will be invoked on these protects.”
As absurd as “extend and pretend” is in the residential mortgage market today, the “extend and pretend” required to prop up bad oil debts and the collateral damage from that will take absurdity to a whole new level.....in academia - students from the ME with spending limits can sink a college town!
When I went to college a bunch of years ago, one headed to the cheapest apartment complex after the mandated high cost stay at University housing during Freshman an Sophomore years. Why students would head to these multi million dollar complexes has me baffled..