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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST
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To: carranza2 who wrote (30002)2/27/2008 8:34:04 PM
From: Ilaine  Read Replies (1) of 218222
 
Bleeding him,as the CBs are doing, could kill him and surely weakens his constitution.

Banks have nobody to blame but themselves. They created a market for fraudulent loans, in the sense that they were selling loans to people that never could repay them, they facilitated fraud. They got greedy, and greedy pigs get stuck.

Now I am seeing people who CAN pay the loans but throwing in the towel.

The Senate is going to vote this week on bill to allow modification of mortgages in Chapter 13s, Senator Reid says he's got more than 60 votes, so I am expecting fewer people to walk and more to renegotiate the terms of the loans. Fingers crossed.
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