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  • The Sun Is Shining on Wall Street [View article]
    "Now all those Hummers, jetskis, ATVs, et.al are all showing up "forSale", as they struggle with reality once again." - Homer II

    Yep. They are forced to do on a personal level what the banks should be doing on a corporate level. Liquidate and pay off debts.

    Soon we will be seeing the same thing happening in commercial real and credit cards.

    Drive around town and see how many empty mini-malls units are festively decorated with holiday "For Lease" signs. Many of those were built with borrowed money. If the units are sitting there empty it is only a matter of time before the owners will default on their loans.
    Nov 25 09:20 am |Rating: 0 0
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