It appears as though many will lose homes? Vehicles? Am I missing something here?
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if they collapse... maybe they just become yours since there's no one to make payments to.... just imagine of they try to repossess everything that has a loan out on it.... they'll need a BIGGER shed to store all that stuff!!!
That'd be a mighty big shed indeed!
But who would have the right to repossess? The bank would be bankrupt. The fed would be the only one but they are not on the mortgage.