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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (98319)12/23/2007 8:53:55 PM
From: DebtBombRead Replies (1) | Respond to of 306849
 
That is right Julius, that and hedge funds, and credit cards, and private equity, and LBO's, and all kinds of other stuff that is hidden.

It's coming. And like those that were unprepared for the subprime blow-up in July, (the one that they lied about being contained as far back as February), they will panic when the next blow-up occurs.

Nothing is contained. They are liars. This disaster is starting from the top down, at the banks and other financial istitutions who used massive leverage and risk in derivatives.

It will blow like....KABOOOOOM!!!

Don't buy the hype. ;-)