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Old 04-13-2012, 10:54 AM   #5
Michael Beard
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Default Re: Check out this traffic ( Shale Oil coming)

Quote:
property owners are lured into contracts with oil company's
"lured" = offered a free market value, which they are free to accept or decline?

Quote:
Up north some of the banks are going out of business as the first thing the " little guy" does when he gets some money in his pocket is pay his house off.
What banks are solvent solely due to home loans held by potential oil land lease holders? How does a bank go out of business now for interest payments not received in the future? Banks will have increased liquidity, increaasing their ability to make loans *and* investments. It would also stand to reason that the homeowners would also now be able to keep more money in savings, checking, and CD's.

Quote:
There are going to be many Rich people out of this deal....
Interesting capitalization.
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