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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (190753)3/15/2009 11:37:59 AM
From: James HuttonRead Replies (1) | Respond to of 306849
 
Since they were doing it from England, I'm not sure what law applies (contracts usually choose an applicable law). In a real world scenario, they would just not honor their contracts and tell the other parties to get in line at bankruptcy. Of course, here in bailout cloudcuckooland, honoring contracts that you made without any real intention or ability to ever pay off is the highest priority.



To: The Reaper who wrote (190753)3/15/2009 2:30:53 PM
From: geode00Read Replies (1) | Respond to of 306849
 
RICO


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