The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mark Ivan who wrote (245)	8/18/2001 7:07:28 AM
From: Tom Gordon	Read Replies (3) of 306849

Mark, all banks are flush with bad loans as personal and corporate bankruptcies are rampant.Personal real estate especially because of the growing no. of deliquincies of monthly payments. These banks are shuttering at holding all of these residential loans as the housing market will soon go bust and these homes inflated values will go into the gutter and the foreclosures will tabulate into even bigger writeoffs. The structured finance arena has greatest exposure,American Express, Bank Of America which just wrote off a pile of debt 1.5 billion, and Citigroup that had a strong buy designated to it by some knuckleheaded firm yesterday only to see it fall 1.48, obvious they were dumping! Regards, Tg. ( fasten your financial seatbelt) Just watch the price of gold as the harbinger of things to come, might be wise to have some as an insurance policy.

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