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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade5/12/2011 7:13:40 AM
   of 48092
 
finance.yahoo.com

"Those delays, partly due to banks working through foreclosure documentation problems that came to light last fall, means it could take many more years for lenders to deal with a backlog of seriously delinquent properties, which numbers up to 3.7 million, by some estimates.

"It's going to take between three to four years just to get those loans into foreclosure at our current pace," said Rick Sharga, a senior vice president at RealtyTrac. "And that doesn't spell good news for the housing market."

Free housing?? Are the banks going down again?

This is from Sinclair's site:

jsmineset.com

"This is outrageous, but thanks to you we already knew this. QE to infinity no doubt! Stay tuned until the end when Sheila Bair says that this litigation can easily get out of control. She is proposing to buy out the plaintiff homeowners with federal money because it would be cheaper for the banks than to litigate the matters."

No QE3??
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