Silicon Investor (SI) -- The First Internet Community

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 Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (92402)	3/18/2008 12:40:29 PM
From: fmikehugo	Respond to of 110194

A "total disaster" is exactly what we have now, provided it's looked at honestly. For example, by David Walker, who recently resigned as Comptroller General so he could do just that.

To: Jim McMannis who wrote (92402)	3/18/2008 12:55:27 PM
From: John Vosilla	Respond to of 110194

Well think about it. Say Joe bought a house for $100k 10 years ago. Sells it for $300k to Mary in 2005 who finances it 100% and he pockets the difference. She now defaults, the bank then forecloses and sells the REO to you for $125k in summer of 2008. So look what happened. Joe got his money, the government funded the $175k loss by printing more money to bail out depositers, mortgage insurerers companies, SIV's ect.. leading to MJ's hyperinflation, you got the best deal of all and the monetary base created another $375k from the initial $100k we started with 10 years ago. Yes the deflationists have finally won<g>