Dirtt

Banking Sector: Band-Aids Just Won't Do It

GREAT. Now what can be done to halt this?

Congress needs to be blugeoned into action. The only way I see that happening is if an immediate investigation into soft money donations by Countrywide, Fannie, Freddie et al. to members of Congress commences.

Funny how the first high-profile executive to call a recession last year was none other than Angelo Mozilla after he realized the party had ended. He knows who was ON THE TAKE.

While everyone got all hot and bothered by solar activity affecting a planet named earth no one bothered to notice the housekeepers and landscapers making off with six figure refi cash outs.

If we could only SHORT SELL CONGRESS...

Citi, Merrill, WaMu: Death Spiral Financing

Dead Elephant Bounce. I'm beginning to wonder if people watch the cheerleaders at CNBC for a parody to financial news.

But someone needs to lead the herd by the nose hair.

Great article/comments.

California foreclosures up 261%. Hank Paulson claims a "turn in housing in months". 12? 24 months? Which Hank? The primary dealers won't be helping this malfeasence.

Blasphemy.