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Response to HiPointDem (Original post)

Mon Dec 24, 2012, 06:55 AM

1. The result will be banks owning properties once given to public education.

Easy borrowing goes into refurbishing old public schools into shining new schools, and salaries of course. The old building and it land is given to the new idea in education.

After a year or two the newness loses its shine. Extra competing schools means too few students to fill classrooms. Maintenance budgets get cut which leads to a costly problem which leads to borrowing more money or closing the school with its debt to the bank.

Either way, the bank ends up with the property.

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HiPointDem Dec 2012 OP
LineNew Reply The result will be banks owning properties once given to public education.
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HiPointDem Dec 2012 #2
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