Just A Silly Question

Banks and other financial institutions have been foreclosing on homes and repossessing vehicles at a rate that I don't think this nation has seen since the 1930's.

The silly question? What do they plan on doing with these? They obviously have to get rid of all that real estate by selling it off, but who's buying? Who will be eligible to buy? Are you going to have $200,000 in the bank to get a $150,000 mortgage?

And if the bank gets taken over by the FDIC, you lose everything in that institution over $100,000 in a heartbeat. And if you don't have a fixed mortgage, you'd better get out the KY Jelly and grab your ankles.