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How to cripple the real estate market in five easy steps

Posted on 22 March 2012

If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here’s what you would recommend. 1. Choke the market and banking sector with zombie banks. Central Planning creates zombie banks in one easy step: it allows insolvent banks to mark their impaired “real estate owned” to fantasy rather than to market
Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages. If these mortgages were such a great deal, then why didn’t private buyers snap them up?……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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