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Old 04-15-2009, 11:06 AM
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ConsiderThis ConsiderThis is offline
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Join Date: Sep 2006
Location: Santa Fe, New Mexico
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15 yr Member
ConsiderThis ConsiderThis is offline
Senior Member
ConsiderThis's Avatar
 
Join Date: Sep 2006
Location: Santa Fe, New Mexico
Posts: 1,359
15 yr Member
Lightbulb

Which reminds me:

my mortgage on my condo was $75,000.

(that's the condo that was built over an old outdoor toilet pit and no one disclosed the fact to me...)

Deutsche Bank's leverage ratio is 50.

So that makes my mortgage worth $3,750,000.00 to Deutsche, and I suppose the big money was insured by AIG...

Because they would not let me sell it to pay off the mortgage, nor let me redeem it, not let me reinstate.

It makes me laugh, that I took care of the property for decades and then taxpayers bail out Deutsche for $25,000,000,000.00.

Wells Fargo did a similar thing, so when they say banks don't like foreclosures, I think it's bull... a bull market until the scamming is exposed and the whole thing craters taking down the good people who did nothing wrong.

.
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