CaptBob

The Rise and Fall of the Subprime Mortgage

FLASH:>>- "that market has almost completely dried up. Looking forward, this correction suggests a future mortgage and housing market that will be much better than today's."

One glaring error in the above--use of the word "almost" The only context you could use the word almost in is: mortgages are "almost" non-existent!. And will stay that way a long as the banks are hoarding equity to shore up their "phony books reserves" to legal limits.

You don't need a Harvard study to know the chronological mapping of the "Crime"!! You only have to know 95% of the "victimization" is still out there "Un-repaired" and will be for some time. If you don't think so, try selling some CDO cake anywhere in this universe--AAA icing my A$$, check that chocolate "Tranche"--that's not chocolate!!

It was a pure crime and the criminals are NOT in jail!!
How can anyone have any faith that we want to put it right??
A Govt. entity handing out "Bail money" to private enterprise in my name--NO THANKS!!