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Dow Jones 400 to 600 more points of pain

Franklin @ October 22, 2007 # 3 Comments

You read here on October 12 that the Dow Jones was in for some pain (http://services.thebankruptcynews.com/blog/?p=70). We said that “The Wall Street sponsored media should start next week pandering bad news and creating a climate of fear using the available examples of very bad October markets. Expect myriads of articles about 1929 and 1987.” The […]

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Subprime Mortgage Crisis Spreading to High-End Housing Market

Franklin @ August 29, 2007 # No Comment Yet

For those who have not been following my reasoning on this matter here is an introduction: Since the 90s banks get liquidity for providing loans by packaging the loans into securities and selling those securities to 3rd parties (real estate is not real any longer from the point of view of the banks) As the […]

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