Agree with jmcmillan8.
1. When any person buy properties it's in their name.
2. If they borrowed to buy the properties, the lending institutional hold the title deed until property has been fully paid (Principal, Interest and All the Cost).
3. When lending institutional such as banks so on, goes to international market to borrow money with bundle securities mortgage (Technical they own your property).
4. Because 70% we borrow from international saver around the world to finance our government, public & private business and our people needs and wants.
5. We are technical owned by overseas faceless lenders until we all pay it back in full. ( Greece, Spain, Portugal and so on got in troubles because they cannot fulfil the repayments which the IMF have/had to install austerities measures to repay the loans.
6. If we earn $1.00 and spend $3.00 of course broke in no time. (Good debts - incoming producing and bad debts - expense with no prospect for income)
IMO & DMOR,
SDL Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
