Quote:
Originally Posted by onwebcam
They are sitting on nearly every mortgage note in the entire US. Even in that video they say it was tied to bad real estate debt. But that bad debt is attached to something real, real estate.
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What? You're suggesting they could seize people's homes? Or at least everyone who's home goes bad? Well as bad as Gold theft was I can't see the US government doing something that extreme and in any case I guess people do lose their homes if they cannot repay their mortgage. However, if things turn that sour the real estate market would crash.
They'd be sitting on a pile of totally illiquid real estate stock that would be impossible to encash.