User 167622

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

phlash:
The problem with mortgages is that the realistic value of property is 3x the average household earnings. in California and Florida the values are currently 5x or 6x, which means the price needs to come down about 50%. No, those lower trenches do not have any value, as they are the first to take any hit in value, and they will end up ZEROES.

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

The FED cannot Legally buy mortgages. The Bear Sterns - JP Morgan 'merger' was also illegal. Stop this Illegal activity. Read and sign the petition at market-ticker.denninge.../