Surge in discounted REO expected next year

Dec 20th, 2011  
by IrvineRenter  in

Astute Observations

Astute Observation by theyenguy
2011-12-21 02:07 AM

It looks like more homes will be available, but a credit collapse and finanical systme breakdown is imminent.

In my linked article World Bank Stocks Turn Lower On Death Of North Korea Leader … Regional Global Governance Will Arise Out of Banking And Currency Failure, I write the following.

Regional global governance is synonymous characterised by statism. Stakeholder groups will manage economic life and provide credit for companies that are essential to the security and prosperity of the region. Banks will be nationalized and key natural resource companies, such as Keystone Pipeline, TRP, and infrastructure and military companies will essentially become public private partnerships, and receive liquidity funding.

By April 2012, credit contraction will be so severe that GSE lending and home loans from banks, will not be available.

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