Godlike Productions Banner
Users Online Now: 737 (Who's On?)Visitors Today: 99,590
Pageviews Today: 258,083Threads Today: 420Posts Today: 6,203
02:00 PM
Join Now, Free! (& No Ads) | FAQ | Links | Link to Us
 New! GLP YOUTUBE CHANNEL | GLP Radio! | Contact
Back to Forum
Back to Forum
Post a New Thread
Post New Thread
Reply to this Thread
Reply
View Your Favorites
View Favorites
Rate this Thread
Absolute BS Crap Reasonable Nice Amazing
 
Page 1, 2

WTF !! WTF !! AFTER SUBPRIME TSUNAMI , A BIGGER WAVE OF LOAN DEFAULTS IS COMMING !! NYT REPORTS !!

 RSS 
Irdooomed
User ID: 329170
8/5/2008 2:48 AM
Re: WTF !! WTF !! AFTER SUBPRIME TSUNAMI , A BIGGER WAVE OF LOAN DEFAULTS IS COMMING !! NYT REPORTS !!Quote

With the dollar dropping, it does not make a difference how low the interest rate goes, if the foreigners ain't going to invest and buy those re-bundled options, debt riddled America is on her own and the value of property will continue to drop and the foreign investors that the system is banking to rescue them will only start to come in after the point of no return is reached, where they can buy up defaulted properties at rock bottom prices and leave Americans saddled with the remaining debt. Privatize the gains, socialize the losses, spreading corporate freedom and shareholder democracy street by street, house by house.
 Quoting: Matrix 478570


Why would well off of wealthy foreign investors buy CDOs containing "trashed out" houses?

Seems like a bad idea to invest in property in America right now, without seeing it first and even then with property devaluing, it's a better idea to wait before buying medium to high density housing to sell/lease to the the American government to house all the displaced people.

I'd say we're getting the doomage we've been waiting for.
I want to be a microbiologist!
He who fishes with actinides goes over the fish limit. 7 days
What runs around yelling "for Allah" and goes bang, a terrorist with a cobalt bomb!
Now that I have Word 2007, no longer will the denizens of the internet see me as illiterate.
You make it sound like it's a bad thing to be a pervert.
Anonymous Coward
User ID: 327491
8/5/2008 5:16 AM
Re: WTF !! WTF !! AFTER SUBPRIME TSUNAMI , A BIGGER WAVE OF LOAN DEFAULTS IS COMMING !! NYT REPORTS !!Quote

Yep. I had good credit up until last week.. a 720+ score. Shit has tanked so bad my home that has a mortgage on it for 582k will be going back within the next 4 months - unless something changes. I've worked VERY hard to get where I'm at, and overnight I've watched everything fall away beyond my control. So yep, I will be adding to this wave soon...
Anonymous Coward
User ID: 479324
8/5/2008 9:13 AM
Re: WTF !! WTF !! AFTER SUBPRIME TSUNAMI , A BIGGER WAVE OF LOAN DEFAULTS IS COMMING !! NYT REPORTS !!Quote

Alt-A .. last months news .. bring on DOOM

(Market rally from here until November)
 Quoting: Anonymous Coward 478830



Well look at that .... Market is heading UP since OP posted.
Anonymous Coward
User ID: 474539
8/5/2008 8:32 PM
Re: WTF !! WTF !! AFTER SUBPRIME TSUNAMI , A BIGGER WAVE OF LOAN DEFAULTS IS COMMING !! NYT REPORTS !!Quote

Alt-A .. last months news .. bring on DOOM

(Market rally from here until November)


Oh yeah??? NOT.


:optionarm:
 Quoting: Omega



Well well .. Market Rally .. still think I'm wrong ..

Market Rally from the low just made .. into November

iamwith
Page 1, 2
Back to Forum
Back to Forum
Post a New Thread
Post New Thread
Reply to this Thread
Reply
View Your Favorites
View Favorites
Vote for Us!
Vote For Godlike Productions!
Vote for Us!  Valid HTML 4.01 Transitional



Disclaimer:
This website exists for entertainment purposes only. The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 5000 posts GodlikeProductions gets on a daily basis. The content of posts
on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult content and if you feel you might be offended by such content, you should log off immediately.

Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to USE DISCERNMENT and do their own follow up research while reading and posting on this website. Godlikeproductions.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Godlikeproductions.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.

This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Godlikeproductions.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.

Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.

We do not discriminate against the mentally ill!

Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
For more information please visit:
http://www.law.cornell.edu/uscode/17/107.shtml

This Disclaimer is subject to change at anytime.

Mail Webmaster with questions or comments about this site.

Page generated in 1.492s (6 queries)