Thursday, Jun 04, 2009
Return to the good old days
The Business Insider: Feds Bringing Back No Money Down Mortgages
How did we survive the dotcom crash? By holding down interest rates and borrowing more.
How will we survive the housing crash? err..
I'd hate to see the next crash if they manage to stop prices correcting themselves properly this time around
Posted by ontheotherhand @ 03:06 PM (559 views) Add Comment
4 Comments
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1. crunchy said...
Keep smilling homeowners!
The no money down will be financed with your American taxes, again.
IT IS THE TAXPAYER THAT IS NOW KEEPING THE BANKS AND AMERICA FROM GOING INTO LIQUIDATION. Big trouble ahead.
http://www.youtube.com/watch?v=kNqQx7sjoS8
Do you really think that Obama the Wall St boy is any different. Keep hold of your guns as you will need them to protect yourselves when
all hell breaks loose. Good luck!
2. mander said...
Signaling the end the green paper.
Problem is simple: House prices are double. American people message is even simplier: We want speculation out of our houses.
Who is listening Obama to? To Wall Street right now. Evil intelegence of Wall Street outclassed the White House.
3. crunchy said...
When the American people catch Obama with his pants down, along Wall St, that's when they will finally get it!
I cannot wait for the day all this Obama BS ends, but at the same time dread the backlash that this finding will create.
4. robh said...
Big business and the media are better at politics than the politicians and so good they even convinced them of the dream too
It's seems lots of people were having such fun; business, speculators, politicians... and homeowners...
but the politicians are the ones left holding baby now the digital HD dream has gone to blocks, stopped with a screech with no engineer left to fix it
Would George W have been any prettier with his pants down than Obama... suspect not