I've was up all night the eve of July 14th and couldn't sleep, as I'm sure millions of our fellow countrymen were, as well.
I believe that the U.S. stock market, in addition to international investment capital, is about to crash because of failed U.S. banks, mortgage lenders, and the threat of the collapse of the Federal National Home Loan Corporation and the Federal National Mortgage Corporation.
The government and treasury leaders are deliberately lying and refusing to admit that America is in a recession and that oil companies are looting the country (and being allowed to, at that) .
Are NAR and local real estate leaders lying about the health of the real estate community with an overabundance of false positives and phony enthusiasm ?
It was announced by the network news at 7am central time this morning that 90 banks, in addition to IndyMac, are on the failed list.
It's more than recession, it's depression.
What do you think?
Senate Leader Chris Dodd announced at 8am central time the morning of July 14, 2008 that more banks were about to fail.