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Comment by Ernest Hancock (1003)
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Yep... we knew this was coming. Why?... because they did it last time with the RTC (Resolution Trust Corp.) after the Savings and Loan taxpayer rip off in the early 90's. That was just a test run for the really big rip off.

The real estate is consolidated under the control of the government and then sold in big cheap chunks to the banks that they gave money to to buy it. A great deal more money would be recouped if they put them up individually for anyone to buy them but then the elite/connected few wouldn't get the big bucks courtesy of the peasants.

What?... you thought it was more complicated than this?

 

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