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/biz/ - Business & Finance

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9950730 No.9950730 [Reply] [Original]

If I have a home loan with a bank and said bank fails and shuts down, do I still have a mortgage to pay?

>> No.9950744

It'll get sold to another bank/institution

>> No.9950764

>>9950744
So other banks and institutions can buy debt at a discounted price?

Lmao what the fuck this works is fucked

>> No.9950810
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9950810

>>9950730
>If I have a student loan with a government and said government fails and shuts down, do I still have a mortgage to pay?

>> No.9950914

>>9950810
when the memes start flowing, it gets your noodle going

>> No.9951836
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9951836

>>9950914
This. Post more memes.

>> No.9951870

>>9950764
Its what happened in 2008 aswell, a lot of credit(debt) that could never be paid of because of consumers buying useless crap on loans for everything and nothign was sold to other companies. And when the financial depression started it dragged a lot of banks with it that bought consumer debt that couldn't be paid of.

>> No.9951885 [DELETED] 
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9951885

No your fucked forever anon
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