[djf]

If there is ANYONE out there, I mean ANYONE, who doesn't see what really happened in all this, I DEFY them to give me any other explanation.

Real estate prices are based in great measure on how much banks are willing to lend to cover the loan.

As long as prices are rising, banks are eager (aren't banks always eager?) to loan more assuring the suckers customers that there is no way they can lose money.

This whole scheme is based NOT AT ALL about whether we produce steel in this country anymore or how many Tulips we can grow.

And now the Fed and the ECB is pumping billions of dollars into the system IN THE MISTAKEN BELIEF that it will fix things, it Cannot fix things by going to the institutions, and the consumer is too tapped out on the credit nipple to benefit!!

During the depression, it was not unheard of for sheriffs to simply ignore foreclosure notices. You have a legal right to be informed of any notice and demand.

This is the beginning of a commodities bull like we have never seen before. It even makes sense to invest in paper!!

[bruinbirdman]

"states with the most people losing their home this year include"

1/3 of those were not "people" occupied. 1/3 were second "homes".

The rhetoric is a little hyper.

yitbos

[Jimmy Valentine]

Don't blame the banks.

Never blame the booster for what the sucker does.

In thirty-five years, I never saw anyone sign loan documents with their eyes closed.

[samm1148]

“If there is ANYONE out there, I mean ANYONE, who doesn’t see what really happened in all this, I DEFY them to give me any other explanation.

Real estate prices are based in great measure on how much banks are willing to lend to cover the loan.

As long as prices are rising, banks are eager (aren’t banks always eager?) to loan more assuring the suckers customers that there is no way they can lose money.

This whole scheme is based NOT AT ALL about whether we produce steel in this country anymore or how many Tulips we can grow.

And now the Fed and the ECB is pumping billions of dollars into the system IN THE MISTAKEN BELIEF that it will fix things, it Cannot fix things by going to the institutions, and the consumer is too tapped out on the credit nipple to benefit!!

During the depression, it was not unheard of for sheriffs to simply ignore foreclosure notices. You have a legal right to be informed of any notice and demand.

This is the beginning of a commodities bull like we have never seen before. It even makes sense to invest in paper!!”

There’s alot to what you say. My pet theory on this thing is that larger banks wanted a vehicle to buy up smaller banks and mortgage lenders. Chase (I think) just bought a great chunk of Countrywide stock for example.

Otherwise I just can’t understand why they lent money to people who obviously couldn’t pay it back. When I think of that I see the Guiness guys saying: We’ll loan money to people who can’t pay it back and be stuck holding notes on properties worth a third of what we lent—brilliant!

Just an opinion though!