Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: cripplecreek
Destabilizing the housing market? The value has already dropped 50-60%, with 30% foreclosure rate.....sounds like they are off to a good start.
59 posted on 03/22/2011 6:42:33 AM PDT by svcw (Non forgiveness is like holding a hot coal thinking the other person will be blistered)
[ Post Reply | Private Reply | To 49 | View Replies ]


To: svcw
Destabilizing the housing market? The value has already dropped 50-60%, with 30% foreclosure rate

Weakness in the housing market provides the conditions for what this is really about.

They want to collapse the banking system.

With all of the houses that are worth less than people owe on them, they are seeking to have people stop paying on their mortgages. Foreclosures are taking about a year to complete, and banks cannot clear these loans.

Lerner wants the banking system to seize up again, creating another crash.

107 posted on 03/22/2011 7:30:36 AM PDT by Palmetto Patriot (How much better off would we be if these bastards would just leave us alone?)
[ Post Reply | Private Reply | To 59 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson