Jealous? No. Resentful that my tax dollars go towards supporting the greed and stupidity of others, bankers or whoever contributed to this mess, yes.
I think if the banks were not being subsidized, they would want to act quickly to remove any non performing loans and start to generate income. I think in a free market, most businesses would want to act immediately to get revenues. I know that in today’s times that just sounds like crazy talk.
Clearly from all the multiple offers I keep hearing about, there are people wanting to buy these homes from the banks. If we are hearing about it, I’m sure the banks are also. They know there are people out there ready and waiting to buy their nonperforming asset. Why are they not selling? Well, why should they? They are being compensated to do nothing. The joke’s on us.
