Sunday, March 21, 2010

Time To Break Out The Paranoid Conspiracy Theory Box

There's an excellent first person story of a novice attorney helping a couple negotiate the foreclosure/loan modification hoops in this article on Consumerist, but the real fun is in the comments. A few people point out that banks will own some very valuable property--not houses--in the rust belt states and seem to think they will hang on to it for a few decades to make a killing when global climate change, drought and the Great Lakes Water Compact make the area rich in resources again.

Having worked in a bank, I assure you bankers are just not that smart and creative.

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