Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel(could topple 3000 banks)

DSNews ^ | 02/12/10 | Carrie Bay

[LomanBill]

>>And the SEC regulates how?

It is my observation the S.E.C. couldn't find it's own arse with two hands and a SQL statement telling them exactly how to find every loan application for which Argent Mortgage (Aka Ameriquest, Now Aka Citi Mortgage) falsified FICO scores.



Where's LEO?

[LomanBill]

[That is the golden calf that the taxpayer paid for but 'they' keep. ]

Meet the New Boss, same as the Old Ba'al
--The Who?

Hos 12:7-9 

7 The merchant uses dishonest scales; he loves to defraud.
8 Ephraim boasts,
"I am very rich; I have become wealthy.
With all my wealth they will not find in me any iniquity or sin."

9 "I am the Lord your God, [who brought you] out of Egypt; I will make you live in tents again,...

[RSmithOpt]

EXACTLY!!!

It is amazing how openly corrupt our goobermint is and no one in the state run media is calling them out on the crap.

The CRA, ACORN, Fannie/Freddie, Franks, Dodd, Johnson, Raines, Gorelick, Washington Mutual, Lehman Bros., AIG, Ben Ben, Turbo Tax Timmy, etc., and The Fed and US Treasury time line and story would make a best selling novel.

W/O a doubt, it is a den of corrupt and vicious vipers.

[RSmithOpt]

I always liked that sound of that song......not all Disco tunes, however, by any means.

Ben Ben is starting to pull the $$$ out of the scheme now, but will not accelerate the withdrawal rate until most of all the paperwork, shuffling, repositioning, is complete and ready to file for those write downs from the major players.

Can we all spell: Hypestagflation????

DO not forget January's SEC vote to allow 'money market mutual funds' to deny withdrawals even in the event of financial hardship in the event of a 'crisis'.

Funny thing, 'crisis' was never defined as to who or what constitutes 'a crisis'.

[LomanBill]

[It is amazing how openly corrupt our goobermint is and no one in the state run media is calling them out on the crap.]

"In five years the family will be completely legitimate"
--Don Corleone

Life imitating art or vice versa?

 

"TO SECURE THESE RIGHTS, governments are instituted among men"

 

To secure them from whom/what?  To secure them from the self-evident dark side of human nature that inevitably causes governance to gravitate towards a state of mercantile affairs where everything and everyone is a commodity for trade and profit.

 

"COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM"
--Thomas Jefferson

[Gene Eric]

>> Obama will be remembered as “Trillion Dollar Man.”

ROFLMAO!!!

That is sooo funny!

[RSmithOpt]

Matthew 19:24

24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.