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


To: Skeeter Bug who wrote (198246)4/26/2009 2:37:55 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
That's been the mystery. Does all this wandering infusion take refuge within the increasingly consolidated and most easily manipulated gambling sanctuary?

Banks have an abundance of freshly minted toilet paper and need a place to quickly make up for their sins of the past. When you control 90% of the action and have unregulated leverage and rules, is there any other way?

While endless debate is taking place on what needs to be changed with mortgage banking-long after the fact, and O gets his credit card revolution chatter filling the airwaves, WS is busy exploiting another avenue of unregulation and building another bubble. After all, somebody has to give Congress some job security.

Ten years from now, a handful of banks will flagrantly wave their control of the US economy and our fate in our faces. They're already coming close.