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teddy

The Japanese kamikaze pilots flew some successful missions yesterday to depress the yen for the homeland. And probably the US hedge fund traitors were more than happy to accept this "gift" from a foreign government. And it appears the Fed was busy swapping good debt for toxic subprime debt to keep the New World Order afloat. So many more deals to do to dismantle America's industrial base and so little time to do it......when greed is your driver.

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You are right, Teddy.

Will write about that later.

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Lenders such as New Century, Mortgage lender New Century Financial files for bankruptcy- International Herald Tribune and others, have had tremendous losses and had to seek protection. Many other large lenders such as Wells Fargo Wells Fargo buying more 'sub- prime' mortgages- Los Angeles Times will be taking huge hits, which will put a damper on the lending industry with layoffs. These banks took the greater risks also bought into this hysteria. At fault also are all the new agents and new loan officers who...

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I was watching article that make many polls in a block around a park an most of the interviewed people have big mortgages with banks and It is increasing everyday.

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Investment Houses And Loan Companies Fall Faster And Faster
E. Mills added that many banks are still in 2009 to actively invest in securities, including in order to compensate for the reduction of interest rates on loans. "This is definitely one of the reasons (to increase investments in securities), but at this point drop rates yet slowed down" - she said. However, E. Mills drew attention to the fact that interest rates on investments in securities are plummeting as well. thank you

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This is not a good news to hose who have mortgage loans.This will enables them to incur greater or bigger interest therefore the fall back will be to them. As consumers, when a company is falling down towards bankruptcy, they are the absorbers of these scenario. I really hope that we can make this better. Immediate resolution must take into action to not make things worsted.

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