Thank you for sharing this Mark. When I wrote about a similar idea more than four years ago, I called it the greatest land grab since the Louisiana Purchase. At the time, people said I was reactionary and that the Stock Market didn’t work this way. It’s nice to see other people are seeing what I see now. Here is a link to the stream of tweets I wrote back then discussing this idea, which was nascent but felt right to me. Your excellent story reveals the seed of my idea to its horrifying conclusion.
The Great Land Grab of the Banking Industry
Positing the idea of the banking industry trying to figure out how to make a profit on the failures of the recent credit crisis by turning the asset of land into a means of making money.