Blown Mortgage - Latest Comments in Prophets are usually ignored until it’s too late

Re: Prophets are usually ignored until it’s too late

Ann — Mon, 04 Aug 2008 22:19:50 -0000

That is true to some extent CML..however..I don't think that this country...other than the great depression..has suffered such a blow to its economic fiber..and each of thos instances you have described there has always been a "V" answer..meaning something has always pulled us out of the crisis.. ex..moved from the dot.com bust to the housing boom, from the great depression to the new deal....today..there is not "V' but instead a "\" with nothing on the other side to pull us up...

Re: Prophets are usually ignored until it’s too late

Commercial Mortgage Loans — Mon, 04 Aug 2008 12:18:00 -0000

I’ve been in finance since 1986 and have seen more than my share of crises. The ’86 stock market crash, the junk bond debacle, the Latin American debt crisis, the rise and fall of Long Term Capital, the tech bubble, 911…to name just a few. In every case, in every crisis and every panic I’ve seen, the most optimistic predictions were way to optimistic and the most pessimistic predictions were way too pessimistic.

Re: Prophets are usually ignored until it’s too late

Ann — Sun, 03 Aug 2008 22:29:41 -0000

Want to get a blow by blow recap of the housing bubble..utube Peter Schiffs part 1 through 8 of his 2006 speech to mortgage brokers....the man hit dead center on everything he said was going to happen up to present time....

Re: Prophets are usually ignored until it’s too late

manny — Sun, 03 Aug 2008 20:32:38 -0000

jeremiah is real:

Old Testament 'proof': Royal seal discovered
http://www.worldnetdaily.com/index.php?fa=PAGE....

Re: Prophets are usually ignored until it’s too late

Blitzer — Sun, 03 Aug 2008 16:35:04 -0000

"Citi was effectively bankrupt...Citi was allowed to ride it out and try to recapitalize in a few years, and thereby avoid bankruptcy protection."

This is precisely what what was denied from the depositors of Indymac when Schumer put the coup de grace bullet to Indymac's head.