Ohio Secretary of State Jennifer Brunner and author Karl Denniger explain the Foreclosure Freakout on Dylan Ratigan's show.
Dylan explains more here.
[UPDATE] CNBC is reporting that Bank of America has voluntarily stopped foreclosures in all 50 states. It's all coming unglued here, folks. Expect the other banks to follow suit and then of course when their stocks crater, it'll be TARP 2: Economic Boogaloo.
Count on it.
[UPDATE 2] CNBC also reporting PNC Bank is halting foreclosures in 23 states. Dominos are falling if the regional banks are getting involved.
Friday, October 8, 2010
Turn On The Lights, Watch The Roaches Scatter, Part 13
StupidiTags(tm):
Disaster,
Economic Stupidity,
Legal Stupidity
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