REO means real estate owned by banks, because the owner failed to pay the mortgage The national inventory of REO ( real estate owned by banks) properties rose in March to a record high of 2.2 million. Foreclosure starts also increased by 33 percent month-over-month, according to the March Mortgage Monitor report by Lending Processing […]
Tag Archives | economics
UPDATE . Today, 4/21/11 even Bill O’ Riley admitted that the likes of George Soros are pursuing an agenda of destroying the US economy. At CONUNDERGROUND.COM we make the great leap of faith that Soros’ interests and those of Obama just might have a few tangential sections…maybe, just maybe. Standard and Poor has just cut […]
Stagfaltion is caused by a combiantion of rapid money supply increase like QE2 and excessive regulation like Obama-care and the Fianacial Reform Act.
Banks make money , Obama gets reelected and you get to pay for it all. If you die before you can pay don’t worry this debt is fully transferable to your children
. This is how we accelerate the ammount of debt that we have just to make sure that we complelty destroy the economy, ensure that everyone’s retiremt money , 401K and IRAs end up worthless and how the FED paves the way for food riots
Just take a look at the record 144BILLION DOLLARS IN BONUSES that Wall Street is giving out – not bad for a an industry that just 16 month ago was about to go into “total meltdown” as Obama said.
Last week Obama did a victory jig over last month’s unemployment numbers. He scheduled the news conference a day ahead so of course he knwo what was coming. The numbers showed that something like 50,000 thousand private sector non farm jobs were lost last month and 25,000 new jobs were “created” from General Motors! Well […]
“Subprime” originated in the, used car lots that ring the outskirts of ghetto neighborhoods, only abot ten or so years later it was ‘discovered” byt the wizzards on Wall Street
As with all corrupt enterprises, prices will skyrocket under Obamacare.
edistribute funds money to every citizen with the strict instructions that the money has to be spent on the greatest invention of the twentieth century