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General Discussion

KurtNYC

(14,549 posts)

1. In reality, there ARE some troubling trends right now

Reply to HughBeaumont (Original post)

Thu Jun 20, 2013, 08:28 AM

Jun 2013

banks and hedge funds buying into a new Las Vegas bubble:
http://www.dailykos.com/story/2013/05/30/1212507/-Another-housing-bubble

Banks stepping up the rate of foreclosures and using tax liens to foreclose:
http://www.forbes.com/sites/morganbrennan/2013/06/04/wall-street-buying-leads-to-housing-boom-is-a-new-bubble-on-the-way/

It is not really gambling -- they can't lose. If they do we will have to bail them out.

We are transitioning to a 2-tiered society where the lower class owns nothing at all -- not your MP3 collection, not your software or Xbox games, certainly not your home.

Click here to purchase valentine hearts!

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Non-Satirical Onion: Financial Sector Thinks It's About Ready To Ruin the World Again [View all] HughBeaumont Jun 2013 OP

In reality, there ARE some troubling trends right now KurtNYC Jun 2013 #1

Not this year - no election. Probably next fall... cbdo2007 Jun 2013 #2

CDOs and other dubious financial instruments are already on the market. byeya Jun 2013 #3

Ditto what byeya said. WE NEVER STOPPED the speculation in credit derivatives; snot Jun 2013 #4

Who regulates a plutocracy? Rex Jun 2013 #5

Latest Discussions»General Discussion»Non-Satirical Onion: Fina...»Reply #1