Comments

1. moniequa says:

   December 18, 2009 at 11:42 pm

   I reckon we really need hyperinflation because people still have way too much money to spend. It seems no matter what happens we continue to have buyers.
2. moniequa says:

   December 18, 2009 at 11:42 pm

   Shikira, thanks for your explanations, but should I get insane at the silly destitute who borrowed the money and bought the house they could afford?
3. JUKIO01 says:

   December 18, 2009 at 11:42 pm

   nah, its cool i already know the answer, back then i didnt but now i know. the genuine reason is because the illuminati’s are dilebertely destroying the dollar as in devaluing. thats why gas prices are fuckin tall and food. very soon, this drop i believe america will be struck into a depression, then the north american union will come. thats the answer
4. shikira says:

   December 18, 2009 at 11:42 pm

   meanwhile, investors who bought those securities and invested are now losing money.
   credit is drying up (recollect thats how money enters the economy too). Ben Benarke the fed reserver governor is on record saying he will drop money from helicopters whether he has to ..so expect more inflation.
5. shikira says:

   December 18, 2009 at 11:42 pm

   Meanwhile, the banks bundled up those mortgages, sold them off as AAA+ securities to investors like me. Now, because the USA made so much money (see M3 account) the worth of the dollar dropped and things started going downhill, so people started defaulting on their mortgage payments, the fed cant raise the interest rate cuz that will cause more defaults..
6. shikira says:

   December 18, 2009 at 11:42 pm

   I reckon this is how it worked.
   All the people in the US who could afford a loan already had one. So, to keep the economy chuffing along, the fed reserve bank kept interest rates low. Now, one of the ways to get money out there into the economy is by the banks making it into existence and for them to do that they need people to lend. The only ones left to lend are those who shouldnt lend..ie the people who cant pay it back.
   ..TBContinued.
7. ForeclosureHelp2008 says:

   December 18, 2009 at 11:42 pm

   Because people were buying more domestic than they could afford. Lenders let it happen with nonsense like no documentation loans and “stated loans” too known as “liar loans” because 9 out of 10 time the stated income was a lie. Lenders too qualified people using the intro rates that only final a year or 2 instead of the longer term fixed rate.

   Whether you know someone who is behind on their payments, I can assist them avoid a foreclosure.

   ForeclosureHelp2008 dotcom
8. JUKIO01 says:

   December 18, 2009 at 11:42 pm

   can someone tell me why foreclosure are fitting a enormous problem?