cheaprealty net

12 million households now have mortgages bigger than their homes are worth, and people with reasonable mortgages are now part of a second wave of foreclosures brought on by job losses.

If only this bubble never happened and all that ill-gotten wealth wasn't blown on flat screen TVs and SUVs.  Too late for that now though.

Self-regulation = no regulation.

This is socialism for the rich and well connected...

I love listening to Roubini list everything that happened and then ripping apart the whole fiscal framework.

Moral hazards, anyone?

"How much do you want?"

"How about far more than we can afford?"

Financial anime parody of the financial sytem with characters just like those wall st brokers who instigated all this nonsense and who are now getting bailed out.

Too bad for the purchasers of that junk debt, like Grandma's pension fund.  Oh well.

Thanks UltrasonicMailman.