Mortgage brokers who lied to the public while selling mortgages are looking for safe heavens abroad
Fred Day
Apr. 29, 2007

Many mortgage brokers who sold mortgages by lying to public are scared now. People can easily take revenge on them. State and Federal regulatory authorities can take action on them as foreclosures and mortgage defaults skyrocket. The Mortgage bankers, brokers, and reps that know they are in trouble for lying and making quick bucks are now planning to leave the country.

The reparations on the economy and financial markets are so severe that the authorities will be forced to take action against these loan sharks.

The common practices by these scam artists were to not divulge their contract till the mortgager signs the loan document. They then give three days (no extensions) to return the document for cancellation. When someone is getting 100K checks, no one had time to read the fine prints. The loan sharking was and is still uncontrolled. They are still providing loans to those folks who lost millions in buying and selling real estate. These folks with millions in negative net worth are getting loans approved faster than fast food restaurants can serve hamburgers.

Mortgage brokers who lied to the public while selling mortgages are looking for safe heavens abroad
Fred Day
Many mortgage brokers who sold mortgages by lying to public are scared now. People can easily take revenge on them. State and Federal regulatory authorities can take action on them as foreclosures and mortgage defaults skyrocket.
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Why is gold so weak if dollar is crashing on the down side – it is just a conformation of deflation
Sam Adelton
Many of those who cannot look beyond the closing numbers in the stock market every day are questioning the deflation theory. When I wrote about Mortgage scams in 2005 and imminent real estate collapse, people laughed at it. Look what happened.
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How high can Dow go? As much as the hedge funds and their billion will take it to. But sooner or later the deflation will take it down where it belongs – far bellow 7000.
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Can Gold make it to $800?
Peter Oberois
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The dividend tax rule enacted a few years back is responsible for the mega bubble. The big name stocks are more of bond play. But guess what happens when bonds default on interest payments? That is exactly what the fate of Dow is.
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The divergence continues, stock market still advancing against the worst economic conditions in the last thirty years
Alan Hershey
The double pendulum, when let go becomes, uncontrollable. There are mathematical models to understand its motion. There is no mathematics that can cure the economy and the stock market now.
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As the stock market bubble bursts Dow can plunge 3000 points in a few weeks
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The economy is running on thin ice. The final upswing is here. Its some times technically called final throw or blow off. How far can this madness go? No one can tell. It will run as long as liquidity is there to support madness.
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