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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (66989)	10/8/2010 11:55:11 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218542

The boy are particularly noisy this night in hong kong, just in in-tray Another very important thing is that this all adds to already substantial moral hazard. Joe five pack (downgraded from six pack) just got another message that paying mortgage is absolutely not necessary and our president Obama is behind you as he just vetoed Foreclosure Documents Bill. On 10/8/2010 8:25 AM Here you go ... game over....time to short the banks again? zerohedge.com As we expected when we reported that the Delaware AG got into the foreclosure fray (Delaware not being a judicial state), it was only a matter of time before foreclosures would be halted in all 50 states. Sure enough, Diana Olick has just reported that BofA has just expanded its foreclosure halt from the 23 judicial states, to all 50 states. And so, the pendulum swings from populist anger to adulation. The only question is when will Tarp 2 be enacted now that banks are facing tens of billions in losses.