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

To: ggersh who wrote (211766)	7/22/2009 1:39:34 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

yes, bernanke is robbing the public blind while enriching his banking buddies.

To: ggersh who wrote (211766)	7/22/2009 1:41:24 PM
From: John Chen	Respond to of 306849

" There is a pattern here, you think? " The pattern is easily recognized : YES WE CAN. AWESOME.

To: ggersh who wrote (211766)	7/22/2009 1:52:22 PM
From: LTK007	Read Replies (2) \| Respond to of 306849

edited:i suppose i will be accused of "preaching to the choir" AGAIN!! But here is quotable bit of i guess others will judge as "o yawn, we KNOW that already!" So go away! "Meanwhile, TARP Special Inspector General Neil Barofsky is unhappy with Treasury Secretary Geithner. In testimony before the House Committee on Oversight and Government Reform, Mr. Barofsky criticized the Treasury for lack of transparency and offered a headline grabbing estimate of the U.S. government's potential maximum cost from the financial crisis: $23.7 trillion. A Treasury spokesperson rebutted the estimate but did NOT offer an alternative figure. Mr. Barofsky, on the other hand, believes his office is acting with courage and integrity, having had the gall to add the numbers up." Geithner has not spoken with Barofsky in 6 months and after yesterday's remarks he is even less likely to return his phone calls. Geithner is remarkably unpopular on the Hill and one wonders how long he will last in office.( edit: He WILL last as long as Obama is a WS TOY--max) The ranking Republican representative on the Committee made a disparaging comparison of Geithner to Bernard Madoff. Another described TARP as a 'Don't Ask, Don't Tell' program. Lastly, Moodys placed $64 billion of Bank of America’s credit card securities on review for possible downgrade. They are currently backed by $93 billion of unsecured consumer credit card receivables. Why? The gross charge-off rate for the cards soared by almost 50% in the past three months, from 9.6% in March to 14.1% in June. Consumers are getting pinched in a big way. " via TSR. my usual disclaimer: i BOYCOTTED the last election, i believe both parties SUCK, and are but butt kissing schmeils of the United Plutocracy of America.Max

To: ggersh who wrote (211766)	7/22/2009 2:11:34 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Here's the pattern again: CRE "It is a sector we are paying a lot of attention to," Bernanke said. But he testified because commercial mortgages are a relatively small market, "I don't think we need to have an enormous program to stimulate improvement." Trends Research Institute Director Gerald Celente, who forecast the subprime mortgage financial crisis and the U.S. dollar's decline in 2006, says otherwise. He predicts the defaults will turn into a commercial real estate collapse that will "dwarf the subprime problem." upi.com