I love to read comments on blogs posts -- mine included -- where people toot their horns:  "I knew it was coming"

And then . . . I bow down to them in utter amazement.  Mesmerized by their Wizard of Oz powers.  I mumble at their feet:  "WOW -- you knew "it" was coming . . ."

I'm now worthy.  I'm not worthy.

Then sanity is restored, and I realize they are NOT the Wizard of OZ -- and they just love to blow smoke up peoples' butt, trying to convince everyone how "in tune" they were to the market.

Hey Einstein . . . we all knew about "it"

Any idiot with a TV could have known about "it."  The  talking heads on the nightly news reported about "it" until we all got sick about hearing about "it."

We knew that "it" was going to hit the fan.  But I didn't read an exposés, not one -- did you? -- on HOW! 

Because saying you knew "it" was going to happen, but not detailing HOW "it" was going to go down . . . doesn't really help.

A good reporter covers the basics:  Who, What, Why, When, How, Where.

Let's be candid here and realistic.  Unless you were working for the big-buck banks, or worked on Wall St., or for Lehman Bros, or AIG, or FANNIE or FREDDIE . . . You actually had no clue when "it" was going to happen. (And when I write "worked" for . . . it's kinda like the Mafia-style "worked for", not a teller at the bank "worked for.)  You had no clue when the housing "BUBBLE" was going to POP!  And you had no clue how "it" was going to POP!

Do you know how derivatives work?  How about naked short selling?  How about stock puts? 

Do you know what a hedge fund is?  Do you know what institutional lending is?  Do you know what a Soverign Debt is?  Do you know what a mortgage backed security is?  Ever hear of a default credit swap? 

Because those are among the true "its" that caused this financial crisis. 

Here's the thing with talk . . . it's cheap.  Everyone that goes around telling me how they knew "it" was going to happen couldn't have explained HOW or WHEN the "bubble" was going to be pricked -- even if  I gave them a million bucks.

No one knew where the PIN was going to come from to prick the housing "bubble"

But now we know: The pricks all came from Wall St., Banksters and Government

EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com

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