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Seeing as the owners (investors) were bailed out. THere is no debt on the real estate.
First, I assume that you intended a comma after "out" followed by a small "t" on there, in which case you are at least making a statement that holds together in the English language. But your strange logic ignores the fact that most of the bailout has been paid back, with interest, and the rest of it will presumably be forthcoming. So in the long run the taxpayers are not out anything. We could still argue about whether the bailout was wise or unwise, merited or unmerited, and whether the country is now better off or worse off that the "too big to fail" banks were not in fact allowed to fail, but in contrast to your position, the bailout was not a gift from the taxpayers to the banks (nor to General Motors, etc.). If you make me a loan and I pay you back with interest, your loan was not a gift.
If you're really interested with the abandoned house, you can do thorough research about the history of that house. And you can contact the BAC field services corp. in Akron, OH. Summit County to seek further information. With regards of tax liens of the property you go to your government county in IRS office for proper assessment.
Last edited by Carla Hailey; 10-22-2011 at 08:28 AM..
BAC didn't loan the money. They facilitated the loan. Sold it to a bundling bank, insured it and manage the exchange of funds. Investors in the stock market own the asset.
They were then bailout when they bought Country Wide and Merrill lynch by the American tax payer, through the mega bank "the Fed" which covered their ass.
If anyone is owed, it's the homeless that are having to be on the hook for the corrupt fractional reserve system of debt and slavery.
THere are people alive that pay taxes and never have had loans. Yet they are on the hook for BofA's financial wizardry. Via BAILOUTS.
Look into the robo signing that BofA is being sued for. THe corrupt loans. Educate your self on this criminal bank that has taken the name of America and flushed it.
exactly. They are locking up these houses in baltimore too...lol...the banksters shafted evry1 and now they can eat the loss...In NY metro I know people who have lived free for 3 years....Bcs the banks rfsd to work on their modifications.
Now the banks are being sued in federal Court....interesting...Initially the bankruptcy Judges and DOJ were going to assist with loan modifications but the banksters paid off Congress to prevent this.... Should be interesting 2012 election this year
The bailouts were a gift to banksters with NEW money created for them, and no one else. Its the Fed that created this mess. And yes it was a free gift
True inflation is defined as an increase in the money supply. All other things being equal, an increase in the money supply leads to a rise in prices. Inflation’s destructive effects have ruined societies from the Roman Empire to Weimar Germany to modern-day Zimbabwe.
Blame for the most recent round of price increases has been laid at the feet of the Federal Reserve’s program of credit expansion for the past three years. The current program, known as QE2, sought to purchase a total of $900 billion in US Treasury debt over a period of 8 months. Roughly $110 billion of newly created money is flooding into commodity markets each month.
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Most of the bailout has been paid back
