“The report is intended to generate new business for GS by generating fear in anyone invested in CA real estate – just another aspect of the banking game

Yes, GS ‘should’ have delivered the report 2 years ago but that isn’t how they make obscene profits”

Yes, unfortunately that is true. That is how the game is played nowadays (since the late nineties primarily).

If anyone here doubts that WS is out to steal your money, almost literally, then this proof positive of that. They want to scare out that remaining $10T or so of home equity that still exists out there and a big chunk of that is in Clownifornia.