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Emerson Electric Co. Message Board

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  • nomorehomes nomorehomes Aug 26, 2009 3:48 PM Flag

    37.70 all the stock u want

    economy is really humming along now

    it must be from all that money people are saving by not paying their mortgages

    the banks are letting people live in their homes and not pay the mortgage

    i have never seen anything like this in my entire life

    how can i not be a little bearish

    we are like a banana republic
    the police are slow to post the evictions
    the judges are slow to make people move out
    the banks don't want to foreclose because they would have to show the loss after the foreclosure sale

    at least in the late 1980s the gov't formed the RTC to liquidate properties

    now the gov't has decided it wants zombie banks

    that is what japan did and it didn't work out well

54.67-0.54(-0.98%)May 3 4:02 PMEDT