Reak estate and a lot more could collapse this week. And Countrywide Real estate seems to be going into its second round of bailouts. Not good if you already got bailed out at the tune of $11.5 billion. The Ponzi scheme is in reverse. The only thing that has avoided an immediate total collapse is that the central banks, like the Federal Reserve, have bought the MBS and ABS, (Mortgage and Asset Backed Securities), even if they are totally worthless.
Wednesday, September 12
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