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How Goldman secretly bet on the U.S. housing crash

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ensho Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 12:33 PM
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How Goldman secretly bet on the U.S. housing crash

http://therealnews.com/t/index.php?option=com_content&t...


(showing the 6 steps they took to game the system)
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   the criminals need to be on pg. 1 longer - kicking  ensho   Nov-04-09 01:26 PM   #1 
   Real estate crashes always look like land grabs to me.  Sinti   Nov-04-09 01:39 PM   #2 
 
ensho Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 01:26 PM
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1. the criminals need to be on pg. 1 longer - kicking
nt
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Sinti Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 01:39 PM
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2. Real estate crashes always look like land grabs to me.
Who owns the real property in the end? The paper money has no value of it's own it represents material goods and labor.

On the surface, a foreclosure is a win-win for the mortgage holder (not necessarily the mortgage lender). They've get the land and your money - unless you bought at the top of the market, especially with cheap, debt-based money. I'm sure there's a way to move the shells around that allow you to benefit when the market is high, also. I guess the pop comes when there's no more upside for them. If they had been more creative, they couldn't have kept it going longer.

Should you be legally able to buy insurance on potential future profits? Am I understanding these insurance schemes wrongly? It reminds me of the large cocaine buyer who wants the dope, and want to keep his money, so he brings back up with big guns and makes a mess.
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