tag:blogger.com,1999:blog-3397167328061019765.post9018083089025052516..comments2024-01-16T03:55:26.266-05:00Comments on Welcome to Pottersville 2 (Blogging Against Fascism!): Subprime Debacle Act 2 Eats Your Lunch and Dinner - Why 2011 Could Make 2008 Look Like A CakewalkCirzehttp://www.blogger.com/profile/07070125217972397204noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3397167328061019765.post-71854749870940760592010-10-19T12:35:29.890-04:002010-10-19T12:35:29.890-04:00The media certainly isn't talking about this, ...The media certainly isn't talking about this, and you're correct in that the silence has created a false sense of security.<br /><br />I really wish I'd taken an economics course or two back in college, so I'd be better informed about the situation now.Ahabhttps://www.blogger.com/profile/14675629709031865432noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-30513309681202610632010-10-19T10:47:56.861-04:002010-10-19T10:47:56.861-04:00Another reason I think many want to exit the count...Another reason I think many want to exit the country.<br /><br />Quickly.<br /><br />Thanks, sweetie.<br /><br />Always enjoy your comments and blogging.<br /><br />SCirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-25664740321049997052010-10-18T12:28:49.376-04:002010-10-18T12:28:49.376-04:00hi suzan...
you know ive been following this mort...hi suzan...<br /><br />you know ive been following this mortgage mess since it broke on yves's blog 9/20...she'd been hinting at something like this all year<br /><br />the way i see our crisis now is we have two issues here; the first are the people issues: clear title to home ownership, & the banks right to foreclose if the title is screwed up...<br /> <br />the other is over $7 trillion in mortgage backed securities, which could be technically unfunded, with all the related systemic troubles....<br /> <br />right now mortgage laws are not under federal jurisdiction, and the attorney generals are protecting their turf...<br /> <br />and the RMBS trusts are under NY law...<br /><br />gonna be a complicated bailout, and you know who pays...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com