Comments on: The Banks' Next Hot Zone: Home Equity Delinquencies http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/ Fri, 20 Nov 2009 19:57:36 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Bert http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/comment-page-1/#comment-3073 Bert Sun, 07 Sep 2008 02:50:09 +0000 http://emac.blogs.foxbusiness.com/?p=161#comment-3073 Cat's gotta blank sometime, and it looks like someone finally mixed some EX-LAX with the Friskies, there. In all seriousness, I think the financial services industry probably knew they had a problem some time ago, but got a free pass and free chips from the 'house' to keep doubling down...when the DOW drops to 7k or so, people will sober up, and find other hobbies. Maybe we'll go back to being citizens instead of Murkensumirs or something...lol Cat’s gotta blank sometime, and it looks like someone finally mixed some EX-LAX with the Friskies, there. In all seriousness, I think the financial services industry probably knew they had a problem some time ago, but got a free pass and free chips from the ‘house’ to keep doubling down…when the DOW drops to 7k or so, people will sober up, and find other hobbies. Maybe we’ll go back to being citizens instead of Murkensumirs or something…lol

]]> By: Jean-Claude Anthony http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/comment-page-1/#comment-3068 Jean-Claude Anthony Sat, 06 Sep 2008 07:58:03 +0000 http://emac.blogs.foxbusiness.com/?p=161#comment-3068 Sorry ... 99 Trillion in US$ Government Debt ... as noted by the Dallas Fed. Bank in a recent report. (See The Market Oracle and the International Forecaster for more details). Sorry … 99 Trillion in US$ Government Debt … as noted by the Dallas Fed. Bank in a recent report. (See The Market Oracle and the International Forecaster for more details).

]]> By: Jean-Claude Anthony http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/comment-page-1/#comment-3067 Jean-Claude Anthony Sat, 06 Sep 2008 07:56:58 +0000 http://emac.blogs.foxbusiness.com/?p=161#comment-3067 The head of the Dallas Federal Reserve Bank published a report detailing 99 US$ Dollars in US govt. debt. Add to that the trade issue, immigration, death of manufacturing jobs, our idiot public schools, the lost wars in Iraq and Afghanistan, then 800 Trillion in outstanding derivatives and other exotic financial instruments ... and you have the anatomy of a financial Tsunami. The world is about to get even uglier. God help us all. The head of the Dallas Federal Reserve Bank published a report detailing 99 US$ Dollars in US govt. debt.

Add to that the trade issue, immigration, death of manufacturing jobs, our idiot public schools, the lost wars in Iraq and Afghanistan, then 800 Trillion in outstanding derivatives and other exotic financial instruments … and you have the anatomy of a financial Tsunami.

The world is about to get even uglier.

God help us all.

]]> By: profnasty http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/comment-page-1/#comment-3065 profnasty Sat, 06 Sep 2008 01:06:27 +0000 http://emac.blogs.foxbusiness.com/?p=161#comment-3065 Banks do not have the option of foreclosing on "equity loans". The loan in default must be assessed against a future sale by the homeowner. Sorry Rockefellor, you cannot throw these families out on the street. You must be VERY disappointed. Banks do not have the option of foreclosing on “equity loans”. The loan in default must be assessed against a future sale by the homeowner. Sorry Rockefellor, you cannot throw these families out on the street. You must be VERY disappointed.

]]> By: Nathan http://emac.blogs.foxbusiness.com/2008/09/04/the-banks-next-hot-zone-home-equity-delinquencies/comment-page-1/#comment-3060 Nathan Fri, 05 Sep 2008 12:53:19 +0000 http://emac.blogs.foxbusiness.com/?p=161#comment-3060 At some point in time we are going to have to stop using our homes as ATM MACHINES and start living within our means. Lenders used to look out for the consumers and now have concentrated more on how to keep them breathing under water. The most confusing part is the american taxpayers will soon provide the snorkel. We still live in a gotta have it now society that doesn't mind keeping their precious home equity on a debit card for all to swipe. I surely hope we can learn from this as our struggling financial system continues a total restructuring process. At some point in time we are going to have to stop using our homes as ATM MACHINES and start living within our means. Lenders used to look out for the consumers and now have concentrated more on how to keep them breathing under water. The most confusing part is the american taxpayers will soon provide the snorkel. We still live in a gotta have it now society that doesn’t mind keeping their precious home equity on a debit card for all to swipe. I surely hope we can learn from this as our struggling financial system continues a total restructuring process.

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