The Residential Real Estate Crash Index Message Board

STOCKTALK

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 Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MulhollandDrive who wrote (168449)	12/2/2008 9:03:25 PM
From: ChanceIs	Read Replies (2) of 306849

>>> This ain't over folks - it won't and can't be until the bad debt is forced out into the open and defaulted. Covering over it with TARPs and other fraudulent machinations simply guarantees we will have an experience similar to that of Japan with 10 years or more of a destroyed and flatlined economy - something that nobody in their right mind wants to see happen. Those in Washington DC are clearly not in their right mind; more on that to come soon...... <<< A most excellent post. It is all there. There is no hope of resolving the mortgage crisis until the investors on the far end are satisfied. They can always sue and put a stick on the spokes - as they should - and as they are. A while ago at the AEI, one of the speakers said that CDOs (securitizations in general) were a really bad idea, and that CDO squared were insane. He who bought on the far end has a small piece of each original piece of debt, and that means that should there be a problem - things can't get worked out....too manyparties to get to agree. Californicated??? You state the obvious - don't take that as an insult. This ain't over folks - it won't and can't be until the bad debt is forced out into the open and defaulted.....Those in Washington DC are clearly not in their right mind; more on that to come soon...... Spot on. The folks in Washington are simply up to their old tricks. They are hoping that the band aid patches that have worked so well for the last five decades will do so again....at least until they have gotten out of office. I think that this time the chickens have come home to roost - as they always had to do. Washington is probably still in denial. What they have to do is cut the Gordian Knot. Basically they need to stuff the home owners, banks, and investors. They won't do that to any of the three...rather one last futile attempt to pass it onto the taxpayer. I haven't quoted Mayer Rothschild in a while: Let us accept things as they are, and profit off the folly of the world. What does that mean here??? The folly is personified in Congress. More denial, rope-a-dope and Japanese lost decade approach. How to profit??? Short the US in general. I hate to say it, but that is where the chips have and will fall. How to short the US??? I remain short some banks. There is a lot of red meat on CRE. The silly things still apply....restaurants, SBUX and the like. As you said....this ain't over.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next