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Home builders (XHB -2.5%) have been selling off amid the surprise slight decline in new home...

Home builders (XHB -2.5%) have been selling off amid the surprise slight decline in new home sales last month. MFR isn't buying into the housing recovery mantra, believing it will be "quite some time" before seeing sustained strength, owing to continued intense competition from a huge overhang of existing homes. HOV -5.6%, SPF -5.3%, PHM -4.7%.
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  • Maybe if the banks who got bailed out with the billions of taxpayer money for their "BAD JUDGEMENT" Went broke like the free market is supposed to we would not keep throwing tax payers money into corrupt and irresponsible bankers and take those Billions Obama doled out to help the mostly innocent borrowers those banks fleeced! Now we as a public have to buy the toxic waste that the Government and Bank toxic trash many of us never bought into? I mean those banks are getting bailed out again? (40 billion of mortgage backed securities a month with no end?) Guess who that helps? THE BANKS! Who is helping the public? I guess the U.S.A. is the the Bank we trust! They fleeced us once and now they are doing it again? Buying back mortgages from Banks? What the H? Why were the banks not doing that? What Banks got was a interest free loan for billions of dollars with no strings. What kind of Bozo's run the Government. I guess the banks do. LOL! Ok the U.S car industry to from the Government. Notice no banks involved? Who the hell is helping the public? How do we survive as a nation when the banks the government bailed out for billions of tax payer money won't lend out a dime? They still trade in risky securities, do speculative things like forward selling gold, shorting etc. Trade in highly leveraged investments. Now it's not even their own money anymore they are doing it with tax payers money! Thanks Obamba! Iran is building a Nuke. You say wait till they drop one on us or anyone else. There is time. What a low level do nothing President. Regan changed the face of the world and he was a former Actor! Some people blew up a night club with American's in it. Regan sent Bombers to blow them up. They got the message. Line of death so on and so forth. Bombers got through. Obomb us is we can wait and talk it out. It's like ww2 diplomacy at it's worst. Is this the Japanese and the U.S. revisited in WW2? Talk talk talk until they drop the big one on us? Obomb us say's give it time. I'm sure the Iranian's are thinking the same thing.
    26 Sep 2012, 11:18 PM Reply Like
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