A Second Global Wave of Housing Bubble Pain

catherine at 00:48 2010-09-23 said:

game just started............up to now there have been no injuries, just smawl people getting beat down by their mortgage companies and banks and they lose everything and slink into the darkness..............

now the next phase starts..............

now people are mad that they have lost everything they have worked for the last 20-30 years and most are in their late 40s and 50s and won't be able to get anything back.

they will start burning those houses to the ground rather than hand them back to the horrible banks that have treated them bad while they tried to restructure............BURN THEM DOWN

then they will start harming the bank guys, I mean if the unions can stand by the thousands in the front yards of innocent bankers in Washington now for over a year and no one says anything, no media, no politicians, no one complains -----well now the smawwwwl PEOPLE will do the same. They will start picking on individual bankers and companies.

and I feel so bad for those poor people with paid for houses that ARE STUCK in horrible, crime filled neighborhoods, it is going to become their prisons.

and the worst or best part (depends who you talk to) the deleverging of wall street is about to begin--------they were saved by our government, even ramped up staff in January offlmfao - while everyone else was going down they got their bonuses from the taxes of the poor people that lost everything...........

the 99ers didn't get any more money, BUT THE BANKERS AND WALL STREETERS WERE MADE WHOLE...................

and when they go down, they won't slink into the dark like the poor people, nope they WILL BE THE WHINIEST, CRYING BABIES you ever saw............they were built on the housing crisis and so far just the SMAWWWWL people have suffered, now the pain goes up the ladder

nope game just began and will turn dangerous very very soon. so many millions of people now have no reason to play by the rules anymore............they did all their lives and are now sitting in a tent city...............while the government worries about EVERYTHING but them.................

this next election isn't going to be like 94 - know your history - it is going to be just like the election of 1932, we are in the EXACT SAME PLACE............. Permalink