Hedge Fund Collapse

[RLLD 4,283]

Not since 1994 have mortgages with past due payments been so high, according to first-quarter data compiled by the Federal Deposit Insurance Corp., the agency that insures deposits at 8,650 U.S. banks. Lehman analysts estimated in April that the collateral backing CDOs had fallen by $25 billion.

 

Bloomberg

 

The collapse of the hedge funds is the next step in what will be a series of important milestones toward the likely complete crash of the real estate market, followed by a particularly stinging recession.

 

You might wonder why so many loans are defaulting when unemployment is so low, its because speculation and corrupt lending practices allowed mortgages to exceed the ability of salaries to cover them. Now sellers will have an ever-increasing problem unloading their inflated home loans.

 

The recession is coming people, this is only the first crack in the dam. (thank your local mortgage lender)

[Angry White Male 0]

Yeah right, a recession. Chicken Little much? Thanks to W's tax cuts, the economy is SMOKIN'.

[hoytdwow 202]

 

The recession is coming people, this is only the first crack in the dam.

 

This is about the 5th thread you've started about this. Does it give you a boner or something?

 

[RLLD 4,283]

This is about the 5th thread you've started about this. Does it give you a boner or something?

 

 

Nah, just part of my research. It's all true, if you research it yourself you will see it as well.

 

Greenspan used the housing market to pull us out of the last one, but was too afraid to throttle the thing back, so it superheated into what will now be a pretty destructive recession. The living movement of the economy is pretty amazing.

 

Here is the most recent note...

[MDC 8,346]

This is about the 5th thread you've started about this. Does it give you a boner or something?

 

 

Gives me a boner. I'll be living it up in a 10,000-square-foot mansion while Toro and his MIL are warming their hands on a bonfire.

[RLLD 4,283]

Gives me a boner. I'll be living it up in a 10,000-square-foot mansion while Toro and his MIL are warming their hands on a bonfire.

 

So long as you have strong credit, 10% to put down, and an adequate salary to cover the payment.

 

The world is returning to normal, and the requirements to obtain a loan are coming back to reality in all this. No more BS loans for way more than you can possibly afford simply because speculation is driving prices through the roof. No more asking $800k for a $400k house either....

[Toro 3]

Gives me a boner. I'll be living it up renting a 1,000-square-foot apartment with my new wife and her kid while Toro and his wife are paying off all their debts and cutting their retirement age 10 years .

[edjr 7,165]

Gives me a boner. I'll be living it up in a 10,000-square-foot mansion while Toro and his MIL are warming their hands on a bonfire.

 

 

That's pretty funny.

 

I don't think it's true, but it was funny.

[RLLD 4,283]

That's pretty funny.

 

I don't think it's true, but it was funny.

 

[Pacman's Itchy Trigger Finger 0]

My hizzy be just fine!!!

 

I gots all the moneys and if someone don't want to buy my house, I'll just straight up kill that muthafucka!!!!

 

Or I'll getz my homey to do it. Either way, you'll be getting some hot sh!t in yo chest, playa.

[RLLD 4,283]

My hizzy be just fine!!!

 

I gots all the moneys and if someone don't want to buy my house, I'll just straight up kill that muthafucka!!!!

 

Or I'll getz my homey to do it. Either way, you'll be getting some hot sh!t in yo chest, playa.

 

Best alias in months

[30 Fat, Bald & Texan 5]

Gives me a boner. I'll be living it up in a 10,000-square-foot mansion while Toro and his MIL are warming their hands on a bonfire.

I thought he liked to warm up his hands on his MIL

[RLLD 4,283]

I thought he liked to warm up his hands on his MIL

 

Nasty....