Re: The 10Q
posted on
Feb 14, 2008 06:36AM
Your worried about little old edig....
Just heard this little item minutes ago...I had wondered what a % decline would amount to nationwide.
4 to 6 trillion of loss of house hold wealth with a 20% decline in real estate values......wow..lol
IMO....the so called leaders of this country have lead us into such a burden there's no coming out from under it....other than theses vapor burn offs, and blame the problem on the general public and their borrowing habits.
In ten years they have de-valued your savings x 3....at the rate they're going, there will be no interest rate for your principle at all. If they drop the FED rate again....we are in serious problems.
Housing crisis....what a crock....they need to shut down that printing press.
The 4 to 6 trillion....that is going to vaporize and work well in their favor.
doni