Quote:
Originally Posted by PornMD
And of course all the foreclosed homes are going to...those same banks! I'm seeing a trend...
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Exactly.... transfer of wealth, right up the pipe!
However, if States don't start passing laws on banks paying property taxes, some banks are going to have some huge ass bills to cover, and that's straight up money going out for them, a very bad thing for a bank.
I'm sure they'll figure out a way to bet on that tax bill, making some way to fluff the books, has a stock ticker or some new loan will be made to cover it, that's probably what will happen, that's what always happens.