Since someone killed the Housing Collapse thread by making it a sticky that no one can open, I'll post this here. Can one of the mods please fix it? I like having one place to go to for significant information, rather than 40.

Overview of the Housing Credit Crisis-T2 Partners

I haven't laughed so hard in a long time.

Maybe I can get into spoonerisms and keep everybody ROFL?

Rev. Spooner had dyslexia of the tongue. One famous line, when he attempted to relocate a lady to a new seat:

"Mardon me padam, but you are occupewing the wrong pie. Let me sew you to a sheet."

Back on topic. Yeah, I gave up on the housing thread too, Iaato. As to the current situation, I think A E Pritchard hit it here:

Fed is Damned Either Way
Quote:
"The key is the toxic mix of high debt and deflation. An economy can handle one at a time, but not both. "
What is done for one, makes the other worse, at least at the moment.

I give gifts from my Santa's Bag of gold and silver.

But my brother, neices and nephews do not appreciate the gift of precious metals. They want all their gifts in fiat paper :):)

MERRY CHRISTMAS to all

A good gift: