Meltdown 101: Will Obama's housing plan help me?

[alyscat]

This just fosters the idea that the problem is the housing market/bubble. No one is looking at the 800 lb gorilla, the derivatives markets.
alys

[Northern Boy]

Originally Posted by alyscat

This just fosters the idea that the problem is the housing market/bubble. No one is looking at the 800 lb gorilla, the derivatives markets.
alys

Yes AC from what I have read and no one is talking about this yet but all we have heard so far is about Citibank and Bank Of America being in trouble no one is talking about JP Morgan they are in big dodo as well so much so that if the derivatives market collapses they have twice as many as both Citi and BOA combined and would cause the big tsunami in the banking markets and could be the one that launches the final nosedive to the bottom. These three banks are currently betting against one another in anticipation of one or more going broke and they are throwing your tax dollars (bail out funds ) at this trying to be the one to survive. That could be why no is receiving any of the bail money in the form of loans