http://www.nakedcapitalism.com/2013/07/banks-now-outbidding-private-equity-funds-at-foreclosures-either-believing-they-can-beat-them-at-the-pump-and-dump-game-or-deferring-losses.html

Banks Outbidding Private Equity Funds at Foreclosures, Believing They Can Beat Them at the Pump and Dump Game

naked capitalismIt’s conventional to deem local journalism to be dead, but Josh Salman at the Sarasota Herald-Tribune has written well-researched investigative story on bank bidding at foreclosures in his neck of the woods, Big lenders bidding to keep homes, that has national implications.

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