Why would banks want to evict paying tenants from foreclosed properties! What's wrong with these people?
Oh, right (and with apologies to my friend BW, though he's just a lawyer for bankers and may even agree), they're bankers. They screwed this up in the first place, and now they want to sell their foreclosed properties into a glutted and falling market. In a year, when these homes are all sitting vacant, accruing property taxes and utility bills with no revenue streams from rent to offset the costs, these idiot bankers (what rhymes with 'wanker'?) will be crying for a government bailout of their nonperforming real estate.
Uh, no.
Friday, October 17, 2008
Explain this to me
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4 comments:
Because these banks represent 5% of the wealthiest people in our country. They control 65% of our household wealth.
They have to cash out now, declare their losses and have no "Capital Gains". Pay no taxes. Then leave the country as an expatriate. When the future president has no tax revenue to initiate anything and fails.
The wealthy 5% return and buy out the other 35% of
leftover assets. Who banks in Pago Pago? The national bank of Pago Pago are not failing.
America Samoa Rocks!
Uh, if you're my troll, you have no clue. If you're someone else, you still have no clue. This "explanation" makes no sense whatsoever.
I Prefer "Gremlin" - it rhymes with Kremlin.
I thought that is what his blog was for. Not to make any sense. - I'm sorry, are you serious here? - My bad.
BTW - you should check into banking in Pago Pago.
A lot of people who went to college are still dumb. A lot of dumb people didn't go to college. Which category of dumb people are you in?
Based on your writing (poor both technically and in organization) and reasoning (absent), I'm guessing you had a hard time getting out of high school, but now you have a computer, and your feeble brain can do an Eliza-like keyword association, so you believe what your fingers type actually makes sense.
It doesn't. Duhbya and you would so get along, if only he would stoop to spend time with a peon like you.
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