[peterb]

This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?

[peterb]

This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?

[peterb]

This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?

[peterb]

This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?

[peterb]

This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?

[peterb]

http://www.youwalkaway.com/

There’s been an interview with the founder of this company where he states the volume of business he’s doing. But I dont remember what it was. It is in SD County somewhere.
As for cc debt, I’ve seen some interest conjecture that claims many people rely so strongly on their cc for surviving from day to day that they would rather lose their house than their access to credit cards. I guess one can always rent, but eating takes a priority over home ownership.

[peterb]

http://www.youwalkaway.com/

There’s been an interview with the founder of this company where he states the volume of business he’s doing. But I dont remember what it was. It is in SD County somewhere.
As for cc debt, I’ve seen some interest conjecture that claims many people rely so strongly on their cc for surviving from day to day that they would rather lose their house than their access to credit cards. I guess one can always rent, but eating takes a priority over home ownership.

[peterb]

http://www.youwalkaway.com/

There’s been an interview with the founder of this company where he states the volume of business he’s doing. But I dont remember what it was. It is in SD County somewhere.
As for cc debt, I’ve seen some interest conjecture that claims many people rely so strongly on their cc for surviving from day to day that they would rather lose their house than their access to credit cards. I guess one can always rent, but eating takes a priority over home ownership.

[peterb]

http://www.youwalkaway.com/

There’s been an interview with the founder of this company where he states the volume of business he’s doing. But I dont remember what it was. It is in SD County somewhere.
As for cc debt, I’ve seen some interest conjecture that claims many people rely so strongly on their cc for surviving from day to day that they would rather lose their house than their access to credit cards. I guess one can always rent, but eating takes a priority over home ownership.

[peterb]

http://www.youwalkaway.com/

There’s been an interview with the founder of this company where he states the volume of business he’s doing. But I dont remember what it was. It is in SD County somewhere.
As for cc debt, I’ve seen some interest conjecture that claims many people rely so strongly on their cc for surviving from day to day that they would rather lose their house than their access to credit cards. I guess one can always rent, but eating takes a priority over home ownership.

[peterb]

With no financing available….prices will really tank. Cash will be king. Hey, maybe the US $ will be worth something after all?

[peterb]

With no financing available….prices will really tank. Cash will be king. Hey, maybe the US $ will be worth something after all?

[peterb]

With no financing available….prices will really tank. Cash will be king. Hey, maybe the US $ will be worth something after all?

[peterb]

With no financing available….prices will really tank. Cash will be king. Hey, maybe the US $ will be worth something after all?

[peterb]

With no financing available….prices will really tank. Cash will be king. Hey, maybe the US $ will be worth something after all?

[Author]

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