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Technology Stocks : VMware, Inc. (VMW)
VMW 142.480.0%Nov 22 4:00 PM EST
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To: Lizzie Tudor who wrote (112)1/28/2008 8:55:44 PM
From: KeepItSimple  Read Replies (1) of 358
 
lizzie, home mortgages have accounted for at least 40 percent of googles revenue since the day they went public.

google is essentially, a broker for mortgage scammers to connect with each other and buy/sell loans to people that cannot afford them.

isnt that a bit worrying? the number 1 tech company in the world and its all based on a housing bubble and mortgage fraud-fest?

doesnt that worry you in the SLIGHTEST, considering banks around the world are taking 100 million dollar writedowns every week as the depth of the collapse becomes clearer?

so you're convinced that the original mortgage scammers who provided 40% of googles revenue will be replaced by new scammers who are promising to help rescue the screwed/bankrupt homeowners?

one problem- the screwed/bankrupt homeowners dont have any home equity to cash out and pay the scammers with this time. and you cant get 125% equity loans anymore to buy stuff with no-documentation liar loans. the goose that laid the trillion dollar golden egg is FLAT BROKE.

google's current existence is utterly dependent on the housing bubble not completely bursting. it is a one trick pony. there is no other category of advertising on google that even APPROACHES that home mortgage brokers in terms of revenue. just look at the average bid prices for keywords. mortgage related keywords are still at the top of the pack, as they have been for 4 years. but the volume is COLLAPSING.
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