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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (119782)9/3/2012 2:27:14 PM
From: John Vosilla  Read Replies (1) | Respond to of 149317
 
that the real estate industry and the banks and investment houses that were part of the game were all corrupt top to bottom. It sounded like too much of a conspiracy theory to me back in 2006 and 2007

I was very aware of how corrupt the entire RE industry from the builders to lenders to institutional investment portfolio managers were going back to the RTC days seeing it from both the corporate side and distressed individual investor side from the late 1980's to 1996 when things finally started getting back to normal again. You can go back to the original housing crash board and see the likes of myself, Bentway and McMannis sounding the alarm on a daily basis back in 2005-07 at how the house of cards economy was destined to fail. I became an opportunist again when I finally started seeing great value after an incredible two year collapse eerily similar to NASDAQ twelve years ago.