Jumbo Defaults Rise at Fastest Pace Since 1992 as Rich Suffer »
Posted By engineer 10 months, 1 week ago in Business & FinanceLuxury homeowners are falling behind
on mortgage payments at the fastest pace in more than 15 years, a
sign the U.S. financial crisis that began with the poorest
Americans has reached the wealthiest.
Read Full Story at bloomberg.com »
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engineer
Hi
My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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Rick78x10 months, 1 week ago
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Read this:
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If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson
Then view this:
http://www.brasschecktv.com/page/565.html -
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Rick78x10 months, 1 week ago
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And this:
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http://video.google.com/videosearch?q=obama%20dece... -
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RichFatCat10 months, 1 week ago
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Damn! Guess I'll just have to tap in to the off shore accounts. Most people I know have been in gold for over a year now. Good news is, we recouped the investment we made in getting GWB elected ten times over. Realizing how a federal deficit in the trillions, plus two very expensive wars would affect the dollar, we fled into gold, dumped our stocks, left some in other liquid foreign currency based money markets, and will start to buy foreclosed properties for pennies on the dollar for rentals. People who lost their homes need to live somewhere.
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I'm also buying Bank of America below $2.75, over 40 bucks a year ago, and Citi. below $2.00. It's a risk, but I don't think they'll go BK because of bailout, and believe they will do well with an economic upturn, however slight, in about 18 months.
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