Maybe. As Taibbi writes, it’ll depend on the actual wording of the settlement. I’m less optimistic than he is about it. I’m also curious where the money from said settlement would go? To the people who were affected by this perjury? Or to the State, for their use (ostensibly) in preventing and/or perusing offenders? Bookmark […]
Filed in Economy, Law, Mortgages, Villians, Wall Street
|
Also tagged bad bets, Bankrupt, Bankruptcy, Banks, Dumb Banks, Economy, End of the Rule of Law, Foreclosure, Foreclosures, Housing, Housing market still sucks, Housing recovery, Mortgages, Rule of Law, Shady Mortgage Industry Bastards, Villians, Wall Street
|
Just to re-emphasize this is NOT the place you want to buy. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
I’ve been sounding the alarm about the Vegas market for awhile now, using Detroit as an example of what can happen to a single industry town. Vegas is, IMHO, particularily susceptible because the Reid-Goodman-Goodman triad is doing nothing to help the city, much less the state. The market is almost assuredly going to continue to […]
Las Vegas leads the pack. I think this chart is not accurate, though. I think the ratio is far greater than 119% property/mortgage debt. Just two years ago, we were $170,000 underwater on a $300,000 mortgage. We were not the odd man out, either. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet […]
The Vegas housing market is a fairy tale. The sales you see now are a matter of “belief” in spite of facts. If you buy, do so knowing you’ll see negative or no appreciation for 3 to 5 years; 2-3% appreciation at that point won’t even cover the initial closing costs. Bookmark on DeliciousDigg this […]
