SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (56827)3/25/2006 5:12:10 PM
From: mishedlo  Read Replies (2) of 110194
 
Russ, we are going to get into a situation where many people can not sell even if they want to. People who want to take another job will find they can't because they can't sell.

As soon as someone is underwater, that person is trapped.
Unable to sell, unable to move.
Bankruptcy would be the only way out.

But they have now rigged (or tried to rig), the bankruptcy game.

Someone on the edge now has to take a class before they can file.
If people delay to long to start the process, they might have already lost their home. Those with income, and not a lot of debt will be in a black hole of decreasing equity in their house with little chance of escape.

Mish
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News