Comments on: Truth about real estate forclosures

By: shibbo1

shibbo1 — Wed, 29 Oct 2008 03:52:59 +0000

I wouldn’t be …
I wouldn’t be surprised if banks were holding back a lot of homes. But what are they going to do next year when they have even more foreclosures on their hands? And what are they going to do now that they have to tighten lending standards, and buyers now need both a down payment and earnings that equate with the house they want? Prices more than doubled in a few short years, while incomes have not. Not sure how they can avoid prices coming back to normal.

By: michaelcweir

michaelcweir — Wed, 29 Oct 2008 03:52:59 +0000

You are exactly …
You are exactly right. Eventually they will have to put them back on the market. They are hoping to fool the market for a short time. The banks may not hold the loans in their portfolio, but in the hedge funds they started and guarantee the monies of the investors. If the banks’ hedge funds don’t sell the property, then the loss is not acquired and the bank does not have to pay the investors back. This is a Level 3 et, so it can be treated in this way legally for now. It will be illegal soon.

By: michaelcweir

michaelcweir — Wed, 29 Oct 2008 03:52:59 +0000

June 1, 2008
A …
June 1, 2008
A further update. The liquidity crisis that brought down Bear Stearns and affected the bond market, has now spread to the Libor rates. Instead of being 500 billion dollars , as with Bear Stearns, Libor rates are connected to 150 Trillion dollars worth of positions. Adjustable rate mortgages, credit cards, corporate debt, auto loans, etc, etc, are connected with Libor. Falling demand with rising interest rates foretell home prices falling below 40% of peak. Hang on|

By: helamen333

helamen333 — Wed, 29 Oct 2008 03:52:59 +0000

Hello MCW, I left a …
o MCW, I left a comment on your page but it didn’t catch. Always be a hidden master. The Mantra your deal in is a Mantra to bring people back from death. On a death bed.
It does happen and it is not discussed much but your idea is actually correct.

By: BLESSEDone333

BLESSEDone333 — Wed, 29 Oct 2008 03:52:59 +0000

SEE HOW THE …
SEE HOW THE ILLEGALS HAVE PLAYED A PART IN THE ECONOMIC CRASH

watch?v=_MlQ8vAxksU

By: SCTV

SCTV — Wed, 29 Oct 2008 03:52:59 +0000

I’d drop dead if I …
I’d drop dead if I had your faith, your facing future unpaid oil imports next followed by inflation, a breakdown of welfare and food supply problems due to transportation problems!
You should start to stock up and prepare for an upcoming war! this crash is the beachmark about how much wealth is globally possible. The US/EU sky is the limit dream has just been overtaken by reality. check the oil supply the US needs to import that explains everything!

By: michaelcweir

michaelcweir — Wed, 29 Oct 2008 03:52:59 +0000

God has allowed …
God has allowed this situation to come about because He wants us to understand him better. there is no sharper contrast between Good, then Evil. God is sometimes known as the great Permitter. He alows us to make great mistakes, in order that we then can make a great correction. God is neither a Mister or a Mistress, but a Mystery.

By: michaelcweir

michaelcweir — Wed, 29 Oct 2008 03:52:59 +0000

I have been waiting …
I have been waiting for events to show you how right you are. However for every crisis there is a fantastic opportunity. God has directed me to make money on the stock market. You can find your own opportunity in this crisis.

By: michaelcweir

michaelcweir — Wed, 29 Oct 2008 03:52:59 +0000

Thank you for your …
Thank you for your timely question.Higher rates are coming, mainly due to fall in dollar’s value. Most of US treasuries are owned by foreign banks and countries. The only way the US gov’t can sustain it’s current deficit is by foreigner’s continuing to buy bonds. When they (the foreigner’s) see the value dropping, they will still buy, but with the loss of the dollar built in (ie. higher rates). This is all part of God’s plan -see Red Horseman and Real Rapture videos.

By: OmarThePug

OmarThePug — Wed, 29 Oct 2008 03:52:59 +0000

I’m glad your …
I’m glad your telling the truth, and I will share your video(s). While I’m not a religious man…clearly we see how unfettered greed can so motivate people that they care not about the consequences.