Archive for May, 2010

Casino finance – Wall Street lost $1 trillion in wealth before recovering most of it because of a missed keystroke? The cronyism and gambling of the banking financial sector.


The Strategic Default World – $100,000 negative equity the pushing point. 12 percent of all U.S. defaults in February were strategic. 30,000 people a month are able to pay their mortgage but are deciding not to.


The great American mortgage casino – How the Goldman case is about the broken down system that allowed massive gambling in America’s housing market for the last decade. Average sales price down because distress sales still account for 30 percent of home sales nationwide.


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