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February 2009, Week 4

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Subject:
OT: What Mortgage crisis??
From:
Craig Lalley <[log in to unmask]>
Reply To:
[log in to unmask]
Date:
Fri, 27 Feb 2009 20:48:27 -0800
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Tom,

I already saw that, and it doesn't help.

Just trying to understand.

-Craig


--- On Fri, 2/27/09, Tom Emerson <[log in to unmask]> wrote:

> From: Tom Emerson <[log in to unmask]>
> Subject: Re: OT: What Mortgage crisis??
> To: [log in to unmask]
> Date: Friday, February 27, 2009, 10:39 PM
> -----BEGIN PGP SIGNED MESSAGE-----
> Hash: SHA1
> 
> Craig Lalley wrote:
> > I am sure everyone knows how I feel about the
> bailout/stimulus.
> > 
> > If not, I personally think it is the largest bank
> robbery in history, [...]
> 
> (yeah, it probably is...)
> 
> > So, I thought I would do a little checking for
> foreclosure rates.
> > 
> > This is the .... WORST counties in the worst States.
> > 
> > Neveda  1 out of 63 housing units
> > California 1 out of 58 housing units
> ....
> > The worst county in the US 1 out of 58, or 1.724%
> ....
> > This is not counting the monies they would receive
> from the homes they sell...
> > Somebody has some splaing to do.
> 
> Well, you are somewhat in luck -- not two hours ago I
> stumbled across
> this video that explains the "credit crisis"
> 
> http://www.vimeo.com/3261363
> 
> but I'm not sure if it will let you sleep any better at
> night -- given
> what you mentioned above, the video could be considered
> propaganda to
> support the need for a bailout (though perhaps in a
> somewhat perverse
> way) but I think it shows how the bankers/wall-street, and
> perhaps even
> the consumers all "conspired" (without
> necessarily realizing it) to
> create this death-spiral...
> 
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> 
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