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They clearly had far more motivation to seek out and implement inventive solutions than bank executives who could simply live on their salaries and lowered bonuses. Real estate buyers discovered to outlive this disaster and plenty of are actually thriving because the financial system improves. So why are banks not learning to use the identical solutions to solve the broader real estate and banking crises?
Perhaps their salaries and bonuses hold them too comfy; as everyone knows “necessity is the mom of invention”. Maybe it’s time to make bank executives personally accountable and liable for the losses incurred during their years with outsized bonuses. For extra information on the methods investors are utilizing, see the just lately published article “Solving the Real Estate and Banking Crises is Simple”.
To the contrary they have to make use of their own assets to fund their losses. With that much “skin in …