[eventusstultorummagister]

Originally Posted by SportyandMisty

I'm not sure I understand what you're saying. Are you saying that banks who own real estate are setting asking prices "artificially low"? If so, I don't see that effecting the free market; that IS the free market in the same sense that grocery stores who set "artificially low" prices for turkey prior to Thanksgiving are the free market.

But when you go to the grocery store for that "bargain" turkey the cashier doesn't tell you: "we have multiple offers on that TURKEY, what's you're HIGHEST and BEST offer?"

[eventusstultorummagister]

Originally Posted by fishordie

. One really has to be detail oriented and understand the nature of giant corporate accounting schemes to digest all the information. Heck the government, when they try to prosecute wrong doers in this industry, still cannot trace all the affiliate or actions of the most culpable individuals. Legal positioning creating a web of sub tier and associate business and affiliations have made going after almost anyone in this industry a near impossible chore even by a deep pocket government legal.

That sounds an awful lot like a Triad.

[olecapt]

Originally Posted by eventusstultorummagister

That sounds an awful lot like a Triad.

Actually going after "wrong doers" in the industry is duck soup...there are smoking guns all over the place. However these people are moneyed and have large resources. So a conviction or even a civil win takes 5 or 8 years and costs 50 million dollars.

YOu can drop down a tier and find easier pickings with thousands of opportunities. But that is the problem...thousands of opportunities...Go after them all? Billions and billions. Pick a few? Why bother...

The single biggest problem in all this is size. The thing is simply so big it cannot be contained in the existing justice system. So we don't try.

[fishordie]

Yup,

Triad, Mafia, organized legal crime, monopoly, world domination, what ever you want to call it but this entire organization is a good old boys club going back generations. I am not sure what Lehman bros. did or if they were just the sacrificial lamb du jour but the public needed someone to go down in order for the masses to think our system of justice is working. Always remember the Godfather where they state it's just business nothing personal. I assure you no one is really standing in the way of the Deutche Banks, Goldman Sachs, or worse yet those we do not even know about, etc. They do what they please as they please. A 400 million dollar settlement is a week or two of real pretax profit to those folks. Who knows, maybe they arranged for some sort of insurance carriers to help with the fine. I cannot even imagine how much money funneled its way into those entities over the last decade or two or more. Imagine if the oil companies were in bed with the above. Then you have fannie and freddie caught mis calculating numbers or manipulating depending on whom you listen to and No individual is prosecuted from any of the above instances. WOWWWW. Instead of the new math this is the new legal system. 4 legs good 2 legs bad except....some animals are more equal than other.... Etc. Guess which un equal animal paid to get those more equal animals out of hot water??? For all I know all of those entities have interbred and are now some sort of super freak dynamo too big to fail..... Did America and American's really buy into that?? Wow

However, until someone stronger than me comes along to take on these folks I just use the information to formulate plans and investments to best capitalize on what I know and see. I certainly do not listen to some media driven nonsense or so called expert opinions. Thank goodness I can do my own analysis of these situations to determine markets, trends and conditions. Once you remove the artificially induced psychological elements from the free market you generally can get a good idea of what is happening.

Originally Posted by eventusstultorummagister

That sounds an awful lot like a Triad.

[tony soprano]

Banks manipulating housing prices lower? Banks synonymous with the mafia and organized crime?

I'm going long tinfoil futures. It's obviously a raging bull market.

[eventusstultorummagister]

Might be better off going long on "tent" futures. A lot of retirement nest eggs will be evaporating.

Gary Shilling predicts another 20% downleg (nationwide). Recession in 2012.

20% Drop in Housing to Cause Recession in 2012, Says Gary Shilling | Fin - Daily Ticker - US - Yahoo! Finance

[RCCCB]

Isn't this Obama Depression making housing impossible?

[dano]

Ahh, come on; this isn't Obama's fault. After all he inherited the economy from Bush and then passed Obama Care haulting business in their tracks and then increasing the Debt ever further with the Stimulus so all of his Union constituant's could hold on to their jobs for another year. Where do you come off saying such a thing.

[airics]

ummm no, obama halted the tax cuts to the corportations. that caused the employment problem which caused the housing problem.

[Swigchow]

Originally Posted by airics

ummm no, obama halted the tax cuts to the corportations. That caused the employment problem which caused the housing problem.

lol!