This is an interesting investment for cash waiting to be invested, to buy off the bad loans from banks at a hefty discount. However, the problem is in finding the right honest manager to manage the funds that are invested in these bad loans. It could be a solution to the mess involving the bad mortgage loans on properties that have now fallen in value.
http://finance.fortune.cnn.com/2011/11/04/bank-bad-loans/?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
http://finance.fortune.cnn.com/2011/11/04/bank-bad-loans/?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
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