Archive for the 'bailout' Category

Casino finance – Wall Street lost $1 trillion in wealth before recovering most of it because of a missed keystroke? The cronyism and gambling of the banking financial sector.


The Strategic Default World – $100,000 negative equity the pushing point. 12 percent of all U.S. defaults in February were strategic. 30,000 people a month are able to pay their mortgage but are deciding not to.


The great American mortgage casino – How the Goldman case is about the broken down system that allowed massive gambling in America’s housing market for the last decade. Average sales price down because distress sales still account for 30 percent of home sales nationwide.


California Budget and Mega Housing Analysis – MLS Listing Shows 115,000 Homes and Shadow Inventory has 273,000 Homes Statewide. Cities Running out of Money and Tax Collections at 2000 Levels.


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