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Old 03-03-2009, 23:33   #6
Benipete
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Re: Where has the money gone?

Well it all began when bankers started lending money to people that could not pay it back and we are talking tens of thousands for property that was worthless but the bankers had done the business so took the commission.

They then sold the mortgages on to other finance company's for a fee who thought they were on to a good thing,once again taking bonuses and comm. worth millions.

It only came to light when one idiot decided to find out exactly what they had by now spent billions on and found property worth nothing.

Seams all the top bankers still got paid bonuses and comm. worth billions for sales that were worthless.

So all the people that borrowed billions between them have legged it.

Hope that helps.
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