If Morgan Stanley Walks Away, Why Shouldn’t You? Firm Walks Away From 5 Properties

But don’t call it a foreclosure or a default — not when this kind of money is involved. …

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If Morgan Stanley Walks Away, Why Shouldn’t You? Firm Walks Away From 5 Properties

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    1. When Goldman Sachs and Morgan Stanley got their federal bank charters, they joined Bank of America, Citigroup, J.P. Morgan Chase and the other banking titans who could go to the Fed and borrow massive amounts of money at interest rates ...... The way I see this playing out is with a new federation being formed by interested states which simply walks away from existing federal commitments ie the USSR scenario. The banksters need to hope there aren't global mass trials. ...

    1. That was actually the great trade of 2000-? buy every speculative real estate property you could? with very little money down. Try to flip for 20-50% higher in <1yr. When the music stops, walk away with your cash. Some people made $100s of Ms this way. ...... If you have any other gift and don't know how to handle money you lose. Coincidentally, this system was set up by those who handle money for a living. They shouldn't have the right to tax a 95% tax on people's labor ...

    1. After what I would describe as an unexceptable amount of waiting (2 months), the bank (Saxon Mortgate, a subgoup of Morgan Stanley) tried to play hard ball to get us above their asking price. .... When your money is on the line though and you face choices like: ?Overpay $2K and have a house or walk away and lose $1.5K? your spirit can become compromised. The amount I ?saved? on the property from paying normal selling prices was pretty quickly eaten up by the home repairs ...