The Deflating Mortgage and Housing Bubble, Part III: What Next?

[Grizzums]

I'm not sure how many of you will find this interesting or educational, but I found Nouriel Roubini (New York University Prof) outlook awfully bleak...

http://www.aei.org/events/f.video,ev...nt_detail.asp#

The feds tinkering with lending treasuries for liquidity purposes is a short term fix that really fixes little....the problem is a fundamental one of solvency. Watch for financial institutions to cut their div yields to shareholders.

[Skydaemon]

S&P rating service is such a joke. Only yesterday they're standing there giving a speech.

"We can see through the subprime crisis to the en..."

<BOOOOOOOOOOOM> //major bank collapses

"What was that..."