Now Not Only The House Is Gone, But The Downpayment Is Also Gone And Owe A Lot Of Money To The Bank
https://www.youtube.com/watch?v=6JSMH7G5-H4 https://www.youtube.com/watch?v=1Fx6bDjH5x8 https://www.youtube.com/watch?v=eLywvF5jHdU
It Was A Gamble, And The Odds Are Turning Against Them
It's Friday desk clearing time for this blogger. "Spring in the Seattle area looks a bit different from usual this year. The median single-family home in King County sold for $875,000 in April, down 12% from a year ago. The…
Prices Rose Too Drastically, So Now They’re Dropping, But They Still Haven’t Fallen Enough
A report from the Telegraph. "Almost half of America’s 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody…
Why Don’t We Do A Couple Of These And See How They Go? Can’t Bankrupt The Whole Bank
A report from KIII TV. "Despite the economic downturn and sky-high inflation, the number of home foreclosures in our area is level, or even slightly lower than past years. Corpus Christi mortgage banker Claudia Mostaghas said people in the Coastal…
The Biggest Risk To The Financial System
https://www.youtube.com/watch?v=eRS07271zfk https://www.youtube.com/watch?v=5AZtEhSD8yQ https://www.youtube.com/watch?v=LbgiprfbkrM
No One Ever Paid Attention Because It Was When Pigs Fly, Well Pigs Flew Last Year
A report from the Washington Post. "Federal regulators have seized First Republic Bank and sold it to JPMorgan Chase Bank in a deal aimed at quelling renewed weakness in the nation’s banking industry. In a statement issued early Monday, the…
The Seeds Of A Bust Are Sown Throughout A Boom
A weekend topic starting with Yahoo Finance. "As Wall Street debates the cause of First Republic’s troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were 'advocates of the strategy called…
All This Magic Is Kicking The Can Down The Road
https://www.youtube.com/watch?v=oxd37VfPccs https://www.youtube.com/watch?v=WaFgqsAiveI https://www.youtube.com/watch?v=AhPEjhKkGSY https://www.youtube.com/watch?v=YOHSuwFWz7w
Sometimes It’s Best To Cut Your Losses
https://www.youtube.com/watch?v=iGoKLdjxeUE https://www.youtube.com/watch?v=qoIOcQHVxIE
All Those Big Spenders Disappeared
https://www.youtube.com/watch?v=Ep79vs5jvQI https://www.youtube.com/watch?v=9Rug-LBXt30 https://www.youtube.com/watch?v=2CVS6_IXmlQ https://www.youtube.com/watch?v=k19ELExKar8 https://www.youtube.com/watch?v=yldv0RZiSjc