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From today's video: Peter Larsen: So I think, you know, what we were doing back in those days while the banks were being closed down and banks were worried about being closed down, a good option for them was to sell the loan, which made more sense than to foreclose and take on real estate. The problem, I think, back then, what created all of this, was that one, there were lenders lending money that had no business lending on certain properties they just didn't know about. So they were creating bad loans. For the ultimate guide to real estate crowdfunding and syndication, subscribe now to the FREE GowerCrowd newsletter: https://bit.ly/3jRnlTv | Visit the GowerCrowd website, the most complete source of free real estate syndication and investing resources and training available anywhere: https://bit.ly/2VMA7ea | Are you a real estate developer? Read the new book, SYNDICATE and learn how to find more investors so you can raise more money: https://bit.ly/3jRUM8r | Are you a real estate investor? Watch this free webcast and discover the Hidden Secrets to Success in Real Estate Investing: https://bit.ly/2VJMcAN