The housing bubble

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The housing bubble

Postby Tony Soprano » Sun Jun 15, 2008 7:56 am

http://www.msnbc.msn.com/id/25169510/

The housing bubble, in four chapters
How homeowners, speculators and Wall Street rode a wave of easy money
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Postby dewey » Sun Jun 15, 2008 8:12 am

And how the rest of us got screwed!

There are too many words in the article, but we should lock up all the shysters that gave the loans, and re-establish debtor’s prison or at least mandatory community service for the borrowers. It doesn't take a rocket scientist to borrow only what you can pay back. It’s not free money, it’s our falling home values and crazy gas prices that pay for it!
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Postby J-GAR » Sun Jun 15, 2008 9:36 am

What does this have to do with kiting?

There is wind out there, go kite :)
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Postby Greg » Sun Jun 15, 2008 10:01 am

Gar.. Is that a photo of you busting that FAT AIR?? Looks like a pass, DID you make it??
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Postby J-GAR » Sun Jun 15, 2008 10:09 am

Hello G.

Yeah that is a pic of me, but no pass.

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Postby Bob » Sun Jun 15, 2008 11:13 am

Bail out Bear Stearns but not everyman...?
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Postby dewey » Sun Jun 15, 2008 1:18 pm

John,

I need to do the Fathers day thing since it's my first.....
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Postby Greg » Sun Jun 15, 2008 2:50 pm

Sick shot Z!!
I'm bring'n the ramp up to Shermin next weekend (hopefully). Lets do some poppers togather,
G-
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Postby jono » Sun Jun 15, 2008 11:32 pm

Property getting real cheap out in the delta, keepin an eye out of Sherman Island rd. -- but I doubt most of those people bought during the peak.

I've been waiting for a while for this shit to blow up -- saving for when it does. Buy gold cause it's gonna get worse.
˙pǝʇɹǝʌuı ǝq ʇɥƃıɯ noʎ 'sıɥʇ pɐǝɹ uɐɔ noʎ ɟı
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Postby davewsail » Mon Jun 16, 2008 1:41 pm

When considering investing in commodities, just remember that the smart money gets out right when the fools rush in because there is no one left to buy. Remember what happened to tech stocks in 2000? We are already in the "it's different this time" phase.
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