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theleft.png | /r/PoliticalCompassMemes
Uploaded by Reddit Moments Jul 02, 2023 at 01:23PM EDT
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![Penny auction (foreclosure) The term arose during the foreclosure of farms during the Great Depression in the United States: neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively.1 In the end, the bank that owned the farm would get whatever was bid and the neighbors would return the farm and its contents to the farmer.[2] No! You can't just buy back your farm for only a few 50 cents for my farm back pennies! Some else place a bid! *silence*](https://i.kym-cdn.com/photos/images/list/002/274/378/c94.jpg "reject bankman, embrace rednecks | /r/PoliticalCompassMemes")
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Uploaded Jul 02, 2023 at 01:23PM EDT
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