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

To: RetiredNow who wrote (146106)	10/11/2014 1:50:27 PM
From: tejek	Read Replies (1) \| Respond to of 149317

I have friends in banking and a brother who's a partner at a law firm and works with many of the top investment banks in New York. Of course you do. I also do a lot of reading on the latest state of affairs. Bottom line is that many of the same problems from before are back and back bigger than ever. No doc loans, packaging of shoddy loans to conceal their shoddiness within bigger derivatives RMBS and the like. The auto industry and student loan industries each are rife with sub prime loans that have massive historical default risk. Things are just absolutely primed for the shoe to drop and take the markets down with it. Also, real estate itself is looking toppy, as I said before. Growth rates are decelerating and may turn back into outright contraction beyond October after QE ends. Time to move on, MM. Its been 6 years that you have been complaining. Aren't you tired?