Face it it’s the Dead Beats’ FAULT!
Speaking of deadbeats wow look at all the business’s not paying up and then the really big deadbeats the big global banks they are sticking it to the taxpayer from every angle.
“Construction loans made up more than half of the total, at $391 million, while commercial mortgages contributed $209 million, or 29% of the total nonperforming pool.
Bad residential loans, by way of comparison, made up $90 million in nonperforming loans.”
Fannie and Freddie’s biggest deadbeats
Unlimited credit for GSEs seen as backdoor bailout
“The very best its million-dollar executives can do is claw back a penny on each bubbly subprime dollar?”
They write them off and leave the taxpayers stuck with the mess.
More banks walking away from homes, adding to housing crisis