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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: Dale Baker who wrote (1119)	8/1/2007 11:38:19 AM
From: $Mogul	Read Replies (1) of 1718

Dale, it's caleed greed in search of increasing global profits. Everything is a cycle and obviously due to cheap int. rates and cheap money, good money was borrowed chasing bad assets. Typical for every cycle. The banks have lots of younger people working there making decisions now who never lived through or witnessed what happened in the 80's when the banks were stuck with all this real estate. Now they hope to just amoritize the loans out 40 and 50 years, but unfortunatly these folks will not even be able to qualify to afford the payments. Same movie, multiple endings.

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