Comments on: Foreclosures Rise 9% in 1H 2009

By: 7 Reasons Why Housing Isn’t Bottoming Yet | The Big Picture

7 Reasons Why Housing Isn’t Bottoming Yet | The Big Picture — Mon, 20 Jul 2009 11:09:28 +0000

[...] Foreclosures: We likely have not seen the peak in defaults, delinquencies and foreclosures. Many more foreclosures — which are healthy in the long run but wrenching during the process of dislocation — [...]

By: jc

jc — Thu, 16 Jul 2009 23:03:21 +0000

WSJ – Roubini comments were CNBC-ized (even Bloomberg is pumping now!)
http://online.wsj.com/article/BT-CO-20090716-718393.html

By: cvienne

cvienne — Thu, 16 Jul 2009 22:41:24 +0000

Just a little video for everyone who was short today to help them stay…

COOL…

http://www.youtube.com/watch?v=xkdP02HKQGc

By: jc

jc — Thu, 16 Jul 2009 22:37:37 +0000

Thanks I see the quote.Bloomberg was my source – apparently they have CNBCitis

By: call me ahab

call me ahab — Thu, 16 Jul 2009 22:24:54 +0000

jc-

Roubini was misquoted as Thor says- see my comment @ 4:42

By: call me ahab

call me ahab — Thu, 16 Jul 2009 22:23:32 +0000

DL-

undoubtedly- you would think a wise man would hold off on such grand visions until the economy was at least somewhere near steady

By: Thor

Thor — Thu, 16 Jul 2009 22:22:13 +0000

JC – apparently Roubini is now saying that he was misquoted

By: jc

jc — Thu, 16 Jul 2009 22:19:55 +0000

Roubini says the drecession is ending this year and Shilling says we’re headed for a stock crash. Maybe both?

By: call me ahab

call me ahab — Thu, 16 Jul 2009 22:13:53 +0000

lback-

I will not bet against any of the protected 19- the TBTF’s- they have proven they have an implicit guarantee and someone would have to be a fool to bet against the full power of the Fed to create money to give to the banks to cover their losses-

must be great to be a bank- wish I had a magical Uncle who could pull $ out of his ass

By: leftback

leftback — Thu, 16 Jul 2009 21:50:04 +0000

Corus Bank and Guaranty Bank may fail tomorrow, according to CR. These are larger than the minnows we have seen failing lately. Maybe that’s why Sheila wanted to keep CIT out of her piggy bank.

http://www.calculatedriskblog.com/2009/07/market-precis-and-more-news.html

As with CIT, there are real institutions who own the debt in these puppies, and these bonds are going to end up as pennies on the $. Coming on the heels of CIT, I’d say this might put a bid into Treasuries tomorrow and Monday. Of course stocks may well continue to go up indefinitely, especially banks, REITs and leaders of Robo Market.