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- Does anyone know when they will start to consider the second mortgage as part of the housing debt ratio for this program?
- To paraphrase the Onion, Americans now clamor for a new bubble to invest in. Once that occurs, we can be sure to see the same cast of characters, no doubt.
- January 5 2009; I and my wife have been taken in by this company to for $1500.00. We had several phone conversations with them explaining how they was dealing with our financial problem.All false ,...
- I agree with the basic premise of the article. There's been caution all across the board. Even consumers who are still employed don't want to spend, and that means they don't want to...
- Thanks!
Blown Mortgage
Mortgage and finance with a sarcastic bent
Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.
The market was up strong yesterday. Other than the shares of bank stocks, you have to wonder why. The worldwide central bank bailout is not intended for the equity investor, or general public, or business, or you, or [...] ... Continue reading »
The market was up strong yesterday. Other than the shares of bank stocks, you have to wonder why. The worldwide central bank bailout is not intended for the equity investor, or general public, or business, or you, or [...] ... Continue reading »
8 months ago
It's just too bad that they run the "Shadow Government" and will surely only profit from what they have caused! But don't forget to a lesser degree Citibank, Bank of America, Wells Fargo, Bear Stearns and Wachovia ARE OR WERE big players in this mess too.
The Government & Shadow Government story is this entire mess is the fault of Sub-prime. Why is that? It was only a $500 Billion Dollar Market which is chump change compared to what they are spending now. Well, because if they can get you to believe this is all happening because of Sub-prime loans then that makes a certain segment of the public to blame. BUT, IF THE TRUTH WAS KNOWN and the public found out the real problem is Wall Street Creation with Government backing "Derivatives" and has nothing to do with Mom & Pop US Citizen. Well that is a horse of a very different colour and I suspect more then a few people would be really pissed off and civil unrest might be in the cards.
It's coming because the truth will get out eventually and the Corporate and Government Big Wigs better watch out. The French Revolution will go down in History as a camp fire compared to a 2008 - 2009 US Revolution.
8 months ago
I think the average, hard-working, family types are starting to figure out that something very bad is happening. And, as you point out, it isn't the fault of a relatively few people who paid too much for a house or even those walking away from that house.
The blatant thievry is staggering.
mg
8 months ago
8 months ago
There's always something in the background that benefits GS, isn't there.
mg
8 months ago
I'm trying to get a forum for centralized discussion of the bailout.