Quote:
Originally Posted by Royboy39
In the US we are talking about whole estates where people have lost their houses. Parcels of land like that just cant be written off, surely?
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interesting article in todays New york Times
http://www.nytimes.com/2009/03/04/bu...l?ref=business
seems some of the bankers who caused the crash by making bad loans are now using all their millions of bonus money to buy up the defaulted loans at knock down prices
as they used to say in the cowboy movies .......get a rope