Market Meltdown - analyst on MSNBC tells truth about Bush war & people losing homes!

[Liberty Belle]

This is amazing to see on the mainstream news:

http://www.youtube.com/watch?v=SWksEJQEYVU

Note that American Home Mortgage, one of the biggest mortage companies in the U.S. and one that underwrote loans for second-tier folks who couldn't get financing elsewhere easily, just shut down and filed for bankruptcy.

If you have Republican friends, show them this.

It's the economy, stupid!

[redqueen]

1. I'm so jaded.

I see this as nothing more than these whores trying to backpedal *just a bit* before the possible (nearly inevitable?) bloodbath next month. Gives them just a hint of a veneer of integrity.

[Xipe Totec]

2. Sounds like he has a lot of skin in the game nt

[Blue Belle]

3. Yet if you listen anywhere else...

like on PBS's Business Report, they'll tell you not to worry. THe economy is going well and with a near zero unemployment rate everyone will be fine.

Maybe they think that saying it will make it so.

[Deja Q]

4. Is that the same hyperantic goofball who's on that CNN "Mad Money" show?

And isn't government being ran like a business? :shrug:

Lower % rates, economy will fail. Raise % rates, it'll fail. Damned either way, I suppose.

The dude needs valium; that's the only incontrovertible truth we see.

[Warpy]

5. Sounds like Kramer is heavily invested in hedge funds

shaky PEs and other market manipulations.

I don't know why it's taken him so long to notice. After all, Merrill Lynch took a 1.3 billion dollar hit last year, alone.

He'd better get out of the high risk, high yield stuff fast and resign himself to plodding along with the unglamorous investors. He is not going to get his reduced interest rates because the government needs to make backing its debt attractive in the face of the continuing fall in the dollar.

Interest rates are likely to go up rather than down, and inflation in market basket items will be the cited cause.

[EST]

6. In my reading, this weekend, I rear the bit about AMH and

learned something. With their meltdown, the order went out that the investors could not withdraw their money to avoid the coming crunch. I didn't know whether this is common practice or unique to them and whether that insures there are adequate funds for the golden parachutes of the fortunate few.

[Liberty Belle]

7. I talked to a friend in real estate; he said all the realtors are nervous

and trying to put a happy face out front for the public, but privately they are all very worried that the housing market is crashing fast.

[ClassWarrior]

8. To use Stephanie Miller's words...

"Scrambly, scrambly..."

:rofl:

NGU.