Showing posts with label thomas dart. Show all posts
Showing posts with label thomas dart. Show all posts

Friday, October 17, 2008

Explain this to me

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.