Well as AIG has my IRA .... yep grin

After that though you need to look up on how many foreclosed homes the banks have AND the number they are carrying without full payments that do not meet interest or 20% down bit due to depressed values.

Bottom line is it is a time bomb that one hope slowly fades because if those units all hit the market at once all hell breaks loose. Many will just bail on mortgages and go for a different place at the reduced market value. ( already going on in FL ) Bad for us and the banks books and balance sheets go upside down.

So bailout, OK whatever. Those millions of overvalued assets the banks have repoed and are setting on / hiding could do us all under.


Edited by Rivrguy (10/05/10 07:27 PM)
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Dazed and confused.............the fog is closing in