Government Set to Sell Foreclosures in Bulk

[humbled_opinion]

24. Yes finally I see that

people are starting to "GET IT"... This is a terrible idea. So in a nutshell the government forecloses the house because it was backed by Freddie or Frannie initially. The bank got its share either in payment from F/F or from writing off the loss on their taxes, so the bank breaks even, F/F break even by selling it to investors who make money by renting it out.... In the end the only person that gets screwed was the initial homeowner who had investment in the property but who got tossed out, ruined credit and literally destroyed life because of the bad economy which was caused by the super greed of the super rich who needed to cut their loses on the backs of the Middleclass....and oh by the way Mr. Foreclosed upon prior homeowner we will be taking your tax dollars and portions of that will be what we use to manage and create these stupid, idiotic programs..... LOL.... sucker......