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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
AZSlacker (258 posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:12 AM Original message |
Help me understand the bailout. (who owns the houses now?) |
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APPLE_PIE (55 posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:17 AM Response to Original message |
1. It doesn't matter --- The houses will be gutted for copper anyhow. n/t |
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screembloodymurder (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:19 AM Response to Original message |
2. Interesting question. |
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Uben (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:25 AM Response to Original message |
3. The treasury will own them |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:31 AM Response to Reply #3 |
5. They won't actually "own" the houses |
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AZSlacker (258 posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:37 AM Response to Reply #3 |
7. Thanks. That makes sense. Won't it be kind of a shell game then? |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 10:28 AM Response to Reply #3 |
8. Yeah, they will sell them to house flippers and so the wicked cycle continues... |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:29 AM Response to Original message |
4. the houses are "owned" by the banks and bond companies that hold the mortgages... |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 07:33 AM Response to Reply #4 |
6. "You" are buying the outsanding capital amount |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Mon Sep-22-08 10:31 AM Response to Original message |
9. This isn't just about home mortgages. They want to get rid of ALL of their bad debt. |
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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
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