The coming tidal wave: Bank sees 6.5 million foreclosures

[blackbox]

Forget about the depression. I think we are headed for the Dark Ages. I’m going to start trying to corner the leech market right now……………..
Should not be hard. I hear there lots realtors and mortgage brokers out of work………….

[kev374]

this will not happen because the government will do a massive bailout by purchasing all these loans at possibly a percentage of the original loan amount. Basically the taxpayers will be giving free houses to those who were reckless and worked the system to get what they wanted.

IMO, the US is moving towards the kind of socialism practiced in Western Europe. Will we see the same ills that plague Western European countries, unemployment in Germany is 9%, at one time as high as 17%. France, same problems, Belgium, worse. Socialism never works and will eventually be the downfall of the US too. The only reason the US became the greatest country in the world was due to capitalism. Ultimately money motivates people and fosters innovation, growth and productivity. Without that incentive there is nothing!

[kev374]

this will not happen because the government will do a massive bailout by purchasing all these loans at possibly a percentage of the original loan amount. Basically the taxpayers will be giving free houses to those who were reckless and worked the system to get what they wanted.

IMO, the US is moving towards the kind of socialism practiced in Western Europe. Will we see the same ills that plague Western European countries, unemployment in Germany is 9%, at one time as high as 17%. France, same problems, Belgium, worse. Socialism never works and will eventually be the downfall of the US too. The only reason the US became the greatest country in the world was due to capitalism. Ultimately money motivates people and fosters innovation, growth and productivity. Without that incentive there is nothing!

[kev374]

this will not happen because the government will do a massive bailout by purchasing all these loans at possibly a percentage of the original loan amount. Basically the taxpayers will be giving free houses to those who were reckless and worked the system to get what they wanted.

IMO, the US is moving towards the kind of socialism practiced in Western Europe. Will we see the same ills that plague Western European countries, unemployment in Germany is 9%, at one time as high as 17%. France, same problems, Belgium, worse. Socialism never works and will eventually be the downfall of the US too. The only reason the US became the greatest country in the world was due to capitalism. Ultimately money motivates people and fosters innovation, growth and productivity. Without that incentive there is nothing!

[kev374]

this will not happen because the government will do a massive bailout by purchasing all these loans at possibly a percentage of the original loan amount. Basically the taxpayers will be giving free houses to those who were reckless and worked the system to get what they wanted.

IMO, the US is moving towards the kind of socialism practiced in Western Europe. Will we see the same ills that plague Western European countries, unemployment in Germany is 9%, at one time as high as 17%. France, same problems, Belgium, worse. Socialism never works and will eventually be the downfall of the US too. The only reason the US became the greatest country in the world was due to capitalism. Ultimately money motivates people and fosters innovation, growth and productivity. Without that incentive there is nothing!

[kev374]

this will not happen because the government will do a massive bailout by purchasing all these loans at possibly a percentage of the original loan amount. Basically the taxpayers will be giving free houses to those who were reckless and worked the system to get what they wanted.

IMO, the US is moving towards the kind of socialism practiced in Western Europe. Will we see the same ills that plague Western European countries, unemployment in Germany is 9%, at one time as high as 17%. France, same problems, Belgium, worse. Socialism never works and will eventually be the downfall of the US too. The only reason the US became the greatest country in the world was due to capitalism. Ultimately money motivates people and fosters innovation, growth and productivity. Without that incentive there is nothing!

[cr]

CS must have forgotten about the stimulus checks. That’s going to fix everything.

For maybe one month’s read on retail sales.

[cr]

CS must have forgotten about the stimulus checks. That’s going to fix everything.

For maybe one month’s read on retail sales.

[cr]

CS must have forgotten about the stimulus checks. That’s going to fix everything.

For maybe one month’s read on retail sales.

[cr]

CS must have forgotten about the stimulus checks. That’s going to fix everything.

For maybe one month’s read on retail sales.

[cr]

CS must have forgotten about the stimulus checks. That’s going to fix everything.

For maybe one month’s read on retail sales.

[desmond]

CS now is warning? Brilliant..

http://online.wsj.com/article/SB120901385148641045.html?mod=yahoo_hs&ru=yahoo

[desmond]

CS now is warning? Brilliant..

http://online.wsj.com/article/SB120901385148641045.html?mod=yahoo_hs&ru=yahoo

[desmond]

CS now is warning? Brilliant..

http://online.wsj.com/article/SB120901385148641045.html?mod=yahoo_hs&ru=yahoo

[desmond]

CS now is warning? Brilliant..

http://online.wsj.com/article/SB120901385148641045.html?mod=yahoo_hs&ru=yahoo

[Author]

Posts