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| 01:55 AM | ||
| Users Online Now: 1,639 (Who's On?) | Visitors Today: 169,962 | |
| Pageviews Today: 229,751 | Threads Today: 67 | Posts Today: 996 |
| 01:55 AM | ||
Here Comes The Next Crises: Mortgages to Default In Mass, "Biggest Wave Of Delinquencies In History" | |
| Anonymous Coward User ID: 78738680  Brazil04/04/2020 05:39 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78061638 04/05/2020 11:29 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78046764  United States04/05/2020 11:51 AM Report Abusive Post Report Copyright Violation | Re: Here Comes The Next Crises: Mortgages to Default In Mass, "Biggest Wave Of Delinquencies In History" I have to think that people will soon stop paying their credit card bills too, which to me is totally understandable as the interest rates charged are literally usury. In addition, the Wall Street banks are receiving (and have received since last Fall) hundreds of billions in free money from the Federal Reserve and then turn around and charge American consumers upwards of 20%-30% interest on the same money they were given for free. Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt. Quoting: Anonymous Coward 78738680 [link to www.zerohedge.com (secure)] |
| Anonymous Coward User ID: 78712348 United States04/05/2020 11:55 AM Report Abusive Post Report Copyright Violation | |
