[j]

As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

[j]

It is basically a trailer park. You buy the unit for about $200,000, then you pay rent every month for the spot.

[j]

It is basically a trailer park. You buy the unit for about $200,000, then you pay rent every month for the spot.

[j]

It is basically a trailer park. You buy the unit for about $200,000, then you pay rent every month for the spot.

[j]

It is basically a trailer park. You buy the unit for about $200,000, then you pay rent every month for the spot.

[j]

It is basically a trailer park. You buy the unit for about $200,000, then you pay rent every month for the spot.

[j]

Locking rates at 4.5% will just delay the foreclosures. The big problem is that the US has to get money from overseas, and foreigners need very high rates to loan money to the US as the dollar plummets. Look at the CitiGroup deal, 11.5% who can loan money at 4.5% and pay 11.5%? I Think even the fools that could not see the current mortgage mess, like most who visit this sight did, will see that can not work.

[j]

Locking rates at 4.5% will just delay the foreclosures. The big problem is that the US has to get money from overseas, and foreigners need very high rates to loan money to the US as the dollar plummets. Look at the CitiGroup deal, 11.5% who can loan money at 4.5% and pay 11.5%? I Think even the fools that could not see the current mortgage mess, like most who visit this sight did, will see that can not work.

[j]

Locking rates at 4.5% will just delay the foreclosures. The big problem is that the US has to get money from overseas, and foreigners need very high rates to loan money to the US as the dollar plummets. Look at the CitiGroup deal, 11.5% who can loan money at 4.5% and pay 11.5%? I Think even the fools that could not see the current mortgage mess, like most who visit this sight did, will see that can not work.

[j]

Locking rates at 4.5% will just delay the foreclosures. The big problem is that the US has to get money from overseas, and foreigners need very high rates to loan money to the US as the dollar plummets. Look at the CitiGroup deal, 11.5% who can loan money at 4.5% and pay 11.5%? I Think even the fools that could not see the current mortgage mess, like most who visit this sight did, will see that can not work.

[j]

Locking rates at 4.5% will just delay the foreclosures. The big problem is that the US has to get money from overseas, and foreigners need very high rates to loan money to the US as the dollar plummets. Look at the CitiGroup deal, 11.5% who can loan money at 4.5% and pay 11.5%? I Think even the fools that could not see the current mortgage mess, like most who visit this sight did, will see that can not work.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[Author]

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