Bother… Perhaps it’s time to go build a mountain fortress in Montana…
Sandy Underpants
I heard that the FDIC is holding over a million foreclosed homes and not putting them on the market, since that kind of surplus would completely collapse the real estate market, again, but that they WILL put them out there in October, which will create an economic collapse worse than the first. This is probably why Obama is extra motivated to pass healthcare now, because this country’s economy will be a total disaster by the start of 2010, if not sooner.
“There are some troubling new developments in mortgages. Again.”
I don’t want to hear things like that. Egads.
Also, it is being forecast 81% of ARM mortages originated in 2007 are going to fail. I’m thinking that’s not so good.
http://business.theatlantic.com/2009/08/attack_of_the_arms.php
Bother… Perhaps it’s time to go build a mountain fortress in Montana…
I heard that the FDIC is holding over a million foreclosed homes and not putting them on the market, since that kind of surplus would completely collapse the real estate market, again, but that they WILL put them out there in October, which will create an economic collapse worse than the first. This is probably why Obama is extra motivated to pass healthcare now, because this country’s economy will be a total disaster by the start of 2010, if not sooner.
I didn’t hear this from Glenn Beck, btw.