The big question for banks like Peter Orszag’s Citigroup then becomes “what do we do with all that property?” For them, these are “non-performing assets” that have value but produce no revenue and in fact will even cost them money to maintain like mowing the lawn, paying the taxes, etc. Repairs and such make them even more expensive to hold.
Pay No Attention to Those Banksters Behind the Curtain |
| By: Peterr Wednesday October 5, 2011 6:26 pm |


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