when the extent of monies loaned to business to buy "sub prime" commercial

bingham sparks

New member
properties is revealed what happens? I have been told that banks world wide have loaned large sums of monies , over the past few years, to speculators, who in turn have bought "towns " commercial properties etc.These speculators have made their monies and left the banks with enormous debts that make the sub prime mortgage scenario chicken feed .Is it true ?
 
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