Got this link in an email today. I didn't research it, but I've seen these guys before so I have to assume there is some truth to it. I've been hearing about the "shadow inventory" of foreclosed homes that the banks are not releasing for a year or two now, so it is no surprise to me that there is actually some profit motive in it for the banks to not rework loans for homeowners, and to just keep foreclosing.
At the same time, the whole Goldman Sachs connections thing is just uncomfortably strange. Maybe there is an Illuminati that are running the world. How is the appraising business in Montana? I may have to get a shack up there off the grid and write my manifesto one of these days!
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1557536
Check out this video on the way the IndyMac bailout works out to the advantage of pretty much everyone except the homeowner.
Comments(1)