That is the issue with to big to fail. These people letting these properties default, they are not insolvent. They can pay for those properties. The issue is that they keep acquiring, with virtually no risk. Why not keep buying everything, only to realize you have spent more than reasonable and exposed yourself to issues if vacancies arise. Well, they hit the max loan button, then when there is an issue, they just pull back their money and dump it all on the banks. With the prize being they get their property back at a deeeeeeeeep discount? Who in 2008 got to keep their house and the bank gave them a discount on the amount they owed too?

Hot trash. And all of these players are doing it at once? I found a blurb in the article below about Moodies (doodies), predicting this would start to happen as a strategy. No beuno