Use access key #2 to skip to page content.

lquadland10 (< 20)

8,000 foreclosures a day filed



June 26, 2008 – Comments (3) | RELATED TICKERS: GLD , AUY

The central bank failed again. Add up the filings now and that was before unemployment went up. Before gas and oil went up. Before food went up. Before Rent went up. What are the figures now? Who knows because we can't get the truth from our government and they still have not stopped the bad lending pratices and as my congressman Kay Hutcheon said they will bail out the lenders (opps I mean home owners)(my bad) , What about the new ones. I think we are in the second inning not the middle.

3 Comments – Post Your Own

#1) On June 26, 2008 at 9:28 AM, Andyman (86.90) wrote:

I wonder how many foreclosures didn't get filed as a result of the central bank's actions? (I'm just playing devil's advocate; I happen to agree with you, generally.)

Report this comment
#2) On June 26, 2008 at 12:19 PM, ahabswife (62.38) wrote:

hey4ndr3w you make a good point, it would be nice to see the coverage on both sides.  It's possible that it didn't help anyone.

I used to work closely with a lending house, I blogged about it yesterday, if you are upside down on your house you can't refinance.  Bad lending practices.

Report this comment
#3) On June 26, 2008 at 6:21 PM, lquadland10 (< 20) wrote:

Dear all, Thank you and i'm sorry about the bleary eye early morning posting. Actually now that I look at it you are both right. Ever seen a depression? We are in the beginning of one and then look at our national debt and do you have a back yard? The reason I ask is you will need to start a garden because you have not seen anything yet.

Report this comment

Featured Broker Partners