Blog > Blog > Other Topics > Financial Issues > Local banks will survive government buyout

September 11, 2008 at 2:40 pm

Local banks will survive government buyout

by Matt Kastner

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It sounds like the Fannie Mae/Freddie Mac shakeup won’t be too big an issue for local banks in Missouri and Illinois after all. So this article in the Post Distpatch claims anyway.


Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


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One Response to “Local banks will survive government buyout”
  1. Missouri Realtor says:
    September 12, 2008 at 12:08 pm

    I sure hope that this article is right. When I heard about the buyout I feared for a lot of the local, smaller banks in my hometown in Illinois. Hopefully things aren’t as bad as I initially thought.

    Reply

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