Will the Bubble Burst?

We are now on the longest stock bubble in history – stocks are up way above the tech boom.   GDP was 4% then and 2% now. The difference?  The government is STILL printing money and dumping it on the financial institutions in the form of overnight repo lending money – almost all of which is going right back into the stock market thus extending this bubble artificially. Dan Edstrom, former senior securitization analyst for LivingLies.
*
Dan Edstrom and I go pretty far back with our first contact I think in 2007 which was before the crash. When I started offering services to the public in aid of foreclosure defense, coaching lawyers etc., I was occasionally inundated with more work that I had imagined and it was Dan who stepped up and made good on the offer. HIs insight and extreme persistence paid off in hundreds of cases where homeowners retained the title and possession of their home — sometimes in very favorable confidential settlements.
*
He wrote to me commenting on my article about offering underwriting services to borrowers who are thinking about taking out a loan. This is what he wrote.
*
So we had the tech bubble followed by its burst and 9/11, and that followed by the mortgage meltdown where housing prices peaked around 2005-2006, followed by the implosion of hundreds of originators (i.e. straw lenders), followed by the collapse of Lehman brothers and Bear Stearns, and another stock market crash circa 2008-2009.
*
Despite Sarbanes-Oxley and other legislation (re: Enron, Tyco, WorldCom et al) No jail, nobody brought up on charges, no financial institutions broken up (even though massive amounts of known felonies). The fines were astronomical, or so it seems, except if actually compared to the earnings (slap on the wrist maybe?)…   And then there were the few “bad seeds” who were thrown under the bus and fired. And then we had the bailouts, the largest wall of money in the world thrown at the largest fraud in the world. The result?
*
We are now on the longest stock bubble in history – stocks are up way above the tech boom.   GDP was 4% then and 2% now. The difference?  The government is STILL printing money and dumping it on the financial institutions in the form of overnight repo lending money – almost all of which is going right back into the stock market thus extending this bubble artificially. [And also consider the underwriting issues you reference in your article.]
*
And housing?  The housing prices in CA are way up over what they were in 2005-2006. Another long bubble. Both housing and the stock market are in an upwards bubble from 2010-2012 or so to today. Looks like they rose together and will probably burst within a short time of each-other.
*
So by NOT prosecuting criminals and criminal organizations, and instead flooding them with money, this is a non-stop circus that can only end very badly. And that end is coming very soon.  These bubbles will burst and this time it will probably be in unison.
*
The government has no answer except to try to print more money and give it away to the big banks and larger than life clowns. Meanwhile, back in the homes of the little people ……… Oh wait, hang on while they are extricated through mass foreclosures so that we can once again save our country ….\

FREE REVIEW:

If you want to submit your registration form click on the following link and give us as much information as you can. CLICK HERE FOR REGISTRATION FORM. It is free, with no obligation and we keep all information private. The information you provide is not used for any purpose except for providing services you order or request from us.

In the meanwhile you can order any of the following:
CLICK HERE TO ORDER CONSULT (not necessary if you order PDR)
CLICK HERE TO ORDER PRELIMINARY DOCUMENT REVIEW (PDR PLUS or BASIC includes 30 minute recorded CONSULT)
FORECLOSURE DEFENSE IS NOT SIMPLE. THERE IS NO GUARANTEE OF A FAVORABLE RESULT. IN FACT, STATISTICS SHOW THAT MOST HOMEOWNERS FAIL TO PRESENT THEIR DEFENSE PROPERLY. EVEN THOSE THAT PRESENT THE DEFENSES PROPERLY LOSE, AT LEAST AT THE TRIAL COURT LEVEL, AT LEAST 1/3 OF THE TIME. IN ADDITION IT IS NOT A SHORT PROCESS IF YOU PREVAIL. THE FORECLOSURE MILLS WILL DO EVERYTHING POSSIBLE TO WEAR YOU DOWN AND UNDERMINE YOUR CONFIDENCE. ALL EVIDENCE SHOWS THAT NO MEANINGFUL SETTLEMENT OCCURS UNTIL THE 11TH HOUR OF LITIGATION.
Please visit www.lendinglies.com for more information.

3 Responses

  1. Exactly…still time to enforce current law, sweep out bribed, corrupt officials and jail real criminals. Shut the barn door!

  2. The burst can be huge as soon as people will learn the truth that banks did.

    Basically all US housing market is a mess. America either need to redo all its laws and rewrite or even abolish the Constitution – or admit that everything that was done by banks in the Courts during last 20 years was a huge scam.

    Millions families were illegally foreclosed and kicked out from their homes while they made 12 times profits for Banks plus gave them $31 trillion bailout – which equates about $98,000 per person, including newborns. (speaking about “free houses”)

    Biog Banks “assets” are 80% from bailout money. Check Comptroller’s report. Only Goldman Sachs did not claimed bailout as their “assets”- and have about over $1000 liabilities per $1

    Millions families purchased illegally foreclosed homes with fatally damaged Titles – plus took an unsecured line of credit mislabeled as “mortgages” but in fact Deeds of Trust

    Now US Government – the same people who allowed this scam – needs to tell Americans that their property rights are vanished and their property Titles which are fatally broken

    Also, they need to tell that their Pensions are undermined because Banks Ponzi scheme paid new investors from money from old investors while Banks and their conduits use l the same loan as securities for several companies…

Leave a Reply

%d bloggers like this: