> On Jun 9, 7:03 pm, Robert Cohen msn.com> wrote:
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>> The U.S. banking business is apparently crashing.

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>> There is probably going to be a Great Depression II.

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>> The U.S. government is seemingly figuratively paralyzed somewhat a la
>> Katrina.

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>> Single family-owned homes (owned by occupiers) that go into loan
>> default
>> could become new 30-50 year U.S. government backed mortgage loans.

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>> Of course, these loans shall not be gimmicky bait mortgages that
>> started this mess.

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>> Thus:

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>> Many bank and mortgage company bad loans would be paid off.

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>> It may now be too late, because many other kinds of loans (commercial,
>> credit cards et cetera) are reportedly getting into trouble as the
>> economy worsens, while this is rather simple, obvious, and hopefully
>> amazingly effective measure.

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> Friday, the 13th, not insignificant item
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> http://money.cnn.com/2008/06/13/real_estate/foreclosures_may/?postver...- Hide quoted text -
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> - Show quoted text -