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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: posthumousone who wrote (95594)7/12/2008 3:04:21 PM
From: benwood  Read Replies (1) of 110194
 
The bank failing will not cause the deed of trust to vanish. You'll have to settle that in order to sell your property one day, if you haven't been foreclosed and evicted that is.

Exactly how is a Fed takeover different than say any other bank taking them over, except for the idiots who had deposits greater than 100k ($1 billion worth, I heard on the radio this AM, who would get 50 cents on the dollar).
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