Nothing more than a "shell game", all Fake

Crossville TN

Description

Banks buy back their own properties at auction or Sheriff sales. The bank sends a representative to the auctions to "bid up" potential buyers. If they don't get a larger amount they need or want, they buy it back and sit on it. When a house sells back to the bank, IT IS CONSIDERED A SALE. All the banks have been doing it for YEARS! They REPEAT this cycle over and over and over. Since 2008, when they figured out how lucrative renting is for their "institutional investors" ($500,000 is what you need to get in on the game). It pays the 1% wealthiest a 24% return to the investor. Whether it's residential property, commercial property or any other asset they own. The banks are broke, the Fed needs to stop propping them up UNTIL THE REPUBLICANS TAKE CONTROL. JUST LIKE IN JAN. 2008 housing CRASH, the very month G.W. Bush took office. Here we go again!!!! ALL POLITICS! Had enough yet? It is the biggest transfer of wealth to the 1% by the Federal Reserve. Time to rip the Band-Aid off and let the chips fall. It was "always about protecting the wealthy" with TARP, The Troubled Asset Relief Program. China is going to ignite the global real-estate market crash, with Evergrande of China!!!