Comments on: BofA, mortgage-backed securities, mortgage, MBS, foreclosure, Bank of America

By: 331zizzy

331zizzy — Fri, 09 Oct 2009 20:42:28 +0000

I think that’s their objective. Out of confusion and chaos, they can create their order. Can’t work forever, though.

By: navtel

navtel — Fri, 09 Oct 2009 20:06:27 +0000

patriot radio news hour has been predicting the future quite accurately for the past 2 years i have listened to it.. i see no reason to believe anything that is contrary to what they are saying now. things are going to get worse.

By: skybirdbird

skybirdbird — Fri, 09 Oct 2009 19:08:13 +0000

drag snabit…….i see that it is playing for everyone else, but does not like me today…..i will try to come back later………

By: superfuzz

superfuzz — Fri, 09 Oct 2009 18:32:24 +0000

credit default swaps have been behind the magic tricks. when these are truly valued on the open market is when the shit hits the fan. it’s like pass the parcel. when the banks stop and open their parcel and find it’s full of nothing is when some more companies go under. but like ron says, this is when houses will drop in value like they should.

By: reverendjordan

reverendjordan — Fri, 09 Oct 2009 17:49:03 +0000

@331zizzy it always boggles my mind that it’s that easy to break it down. people need to realize politics and economics really arent that complicated if you know the string pullers

By: DigitalSkyline

DigitalSkyline — Fri, 09 Oct 2009 16:55:22 +0000

@justaoldslave who wants to live in any of those places… lol. The rent is generally many times higher in places like Japan, Paris, UK, even around Canadian cities where if you do price/sq/ft. American prices are low low. We don’t compete with third world real estate… although the prez is right, unless we get healthcare, we won’t compete with 1st world countries as they ALL offer it as part of citizenship. However, I do agree with you on taxes.

By: fal2grace

fal2grace — Fri, 09 Oct 2009 16:30:35 +0000

Unrelated but of interest: Just read that GM is adding 1,200 new jobs… in China.

By: justanothersheeple

justanothersheeple — Fri, 09 Oct 2009 16:01:08 +0000

@fal2grace yes see the link on my channel about how much stimulus went overseas please

By: fal2grace

fal2grace — Fri, 09 Oct 2009 15:55:30 +0000

thanks dell

By: JimGraham1973

JimGraham1973 — Fri, 09 Oct 2009 15:44:26 +0000

this is typical CNBC dribble. Complete nonsense. But all of us know that… it is the millions who believe anything on the Tele..
Complete nonsense – Guess we have something else to short to match our shorting the job market