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 We are in a de Facto State of War with US Banks, Alt-A defaults to explode the derivatives market |
 Nov 21 2009, 12:30 PM
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#1
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Excerpt from TheFinalPost.com - We are in a de Facto State of War with US Banks:
QUOTE We now sit on top a powder keg known as Alt-A mortgages, primarily made up of Option ARM and 5/1 ARM mortgages. It is a ticking time bomb. The banks know it. The Obama Administration knows it. The Fed knows it. Yet they can do nothing to extinguish the fuse. The bomb will go off. It’s timer is set for sometime before, during, or after 2011. The number of people who will quit making their mortgage payments or fall severely behind will number in the tens of millions. This is on top of the already staggering numbers that continue to grow every day. Unemployment, measured by people out of a job or their self-employed incomes seriously impeded, will breach thirty-five percent. http://thefinalpost.com/2009/11/we-are-in-...with-the-banks/ Can anyone tell me that the vintage 2005/2006 Alt-A mortgage pools will not explode the credit derivatives market? I'm actually praying someone can prove beyond a reasonable doubt I am wrong so I can sleep at night. -------------------- Brett Buchanan
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Nov 21 2009, 12:51 PM
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#2
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The war is over. We lost. Get over it!
-------------------- Follow the money.
Music - Tornado of Souls |
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Nov 21 2009, 01:07 PM
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#3
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QUOTE (Brett Buchanan @ Nov 21 2009, 05:30 PM)  Excerpt from TheFinalPost.com - We are in a de Facto State of War with US Banks: http://thefinalpost.com/2009/11/we-are-in-...with-the-banks/ Can anyone tell me that the vintage 2005/2006 Alt-A mortgage pools will not explode the credit derivatives market? I'm actually praying someone can prove beyond a reasonable doubt I am wrong so I can sleep at night. Dead man walking - The infamous credit suisse mortgage chart tells it all. I think the last user to post the chart was Thomas, sometime in last two weeks. |
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Nov 21 2009, 03:25 PM
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#4
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Yes, and they won - some tine ago.
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Nov 21 2009, 03:50 PM
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#5
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Brett:
I am not sure it waits until 2011; I see 2010 as tricky. Otherwise, I am on board. |
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Nov 21 2009, 06:17 PM
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#6
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Citizens getting uppity.
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Nov 21 2009, 11:07 PM
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#7
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QUOTE (Thomas. @ Nov 21 2009, 03:50 PM) Brett: I am not sure it waits until 2011; I see 2010 as tricky. Otherwise, I am on board. If that is your real photograph, the only comment I want from you is your phone number. But I agree, 2010 is on the cusp. 2011 is a lock. Wait a second. I just saw your name is Thomas, as in Tom, as in you're a dude. Scratch the phone number comment. You should be ashamed of yourself. -------------------- Brett Buchanan
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Nov 21 2009, 11:08 PM
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#8
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QUOTE (bearking @ Nov 21 2009, 12:51 PM) The war is over. We lost. Get over it! The war rages on... -------------------- Brett Buchanan
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Nov 21 2009, 11:10 PM
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#9
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QUOTE (trophyfish @ Nov 21 2009, 06:17 PM) Citizens getting uppity. I guess a photograph really can speak a thousand words... -------------------- Brett Buchanan
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Nov 22 2009, 11:41 AM
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#10
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QUOTE (Brett Buchanan @ Nov 21 2009, 09:08 PM) The war rages on... Wha? 20 trillion global stimulus not enough fer ya? -------------------- Follow the money.
Music - Tornado of Souls |
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Lo-Fi Version | Time is now: 9th February 2010 - 05:36 AM |
