Suddenly, the industry that pumped interest only, hybrid, reverse mortgage, 2/28 loans, stated income, and every other weird concoction of loans is coming home to the safest of the safe. But the scary implication here is they are .... I actually just finished a new novel that satirizes all this and cites the collapse of Florida's housing industry in the late 1920s as historical precedent. Written by an industry insider and painfully funny - it's called "Ocean Raton." ...

And then perhaps we could start work on bullet train services from Boston to Florida serving NY, Philly, DC, Charlotte and Atlanta? Move US rail service into the 20th century (I mean it - that was not a misprint) and get thousands of flights out of ..... A good start would be home mortgage loans at reasonable low rates cutting out the middle men private bankers, who at the public expense lie, cheat, hoard tax payers money, that is used to bail them out in the first place. ...

Lenders end up out of pocket – and so too might their lenders in turn – even if they can sell the house reclaimed to settle the mortgage. All of which, as we say, just replays the merry-go-round spiral of soaring house values and E-Z credit in ... Trying to stall or reverse this cold fact will clearly take more money – and more stupidity – than even the Bush administration could throw at the task. Such as, say, via fascism or hyper-inflation. Put a floor below prices, ...

The US Fed will not suddenly reverse course and cut rates. They do so slowly, deliberately, and usually very late in the game. They lay the groundwork for a change in monetary direction, as in hiking or cutting rates. ... Last month during a Senate testimony, his only words of caution were directed at the mortgage industry, which were worth watching closely, according to his view. Gold investors should pay heed to Ben's words on price inflation being exaggerated. ...