Relevant:
2011-01-04 — nakedcapitalism.com
"The big source of risk is what they call the “non-agency†market, which is often called the “private label†market. They’ve argued in the past that 11.5 million homeowners are at risk of losing their residences. They contend that where other analysts and investors are missing the boat is by focusing primarily on loans that are already in trouble. Loans that have always been current but where the borrower has significant negative equity also have a reasonable risk of default."
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catherine at 03:23 2011-01-05 said:
the investors are ignoring it at their own peril......a recession is when the 'smawl' people get hurt, a depression is when the big boys go down............we are in a depression...... just like no 'expert' saw property values falling, these 'experts' can't imagine the 1930s happening again with all the facts in their faces........ like I said awhile ago, I can hide $1,000 in my mattress, where are the big boys going to plant 1 million dollars............. 2011 and 2012 are when the big boys get their invites to the party.............should have looked at the 'real' facts and not the cherry kool-aid. we all wring our hands over the toxic mortgages ALREADY FORECLOSED, but NO ONE talks of the millions of mortgages piling up at our front door...............every single hour of every single day of every single month of every single year for 3 years.................the facts are here - you just have to be willing to put the cup down and look behind the curtain...... Permalinkadd a comment | go to forum thread
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