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Investors aren't the only ones worried about if banks followed proper due diligence on mortgages. Thousands who are paying on time may have mortgages which will remain clouded for the foreseeable future.
1 posted on 10/17/2010 5:56:33 PM PDT by Kartographer
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To: Kartographer
the folly that some how the stock market is connected to or reflects real economic and financial developments in this country is getting harder and harder to sustain
2 posted on 10/17/2010 5:59:56 PM PDT by paul51 (11 September 2001 - Never forget)
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To: Kartographer

This is going to be the most spectacular fall of a Nation wince Rome. And we all have ringside seats.


3 posted on 10/17/2010 6:00:21 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Kartographer

...I’ll tell you what it’s really gonna test:

...the current price of gold and silver.


4 posted on 10/17/2010 6:00:37 PM PDT by STONEWALLS
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To: Kartographer

“Thousands who are paying on time may have mortgages which will remain clouded for the foreseeable future.”

...good point!...and how long before they revolt and say “Screw it...why should I pay on time and in full, when others are getting away with not paying?”


5 posted on 10/17/2010 6:05:51 PM PDT by STONEWALLS
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To: Kartographer

My banker friends also tell me the new FinReg bill has left “air pockets” in their earnings....

Limitations on over-draft and credit card fees has restricted income faster than they’ve figure out how to get it back... maybe, a few people who buy stocks are aware of this ahead of time???


13 posted on 10/17/2010 6:45:33 PM PDT by SomeCallMeTim
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