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A comment on Richmond’s rules: Why one California town is keeping Wall Street up at night. Parent comment

Re:Richmond’s rules: Why one California town is keeping Wall... by rtpg on Sunday October 06, 2013 @01:21PM (#6504667)
The fair market value of a $200k mortgage will not be $200k, I think they could get the "fair market value" in there at one point.

You seem to know a lot more about this situation than I do though, and from your other points it does seem fishy.

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