What's the earnings yield ? How leveraged are they ?
- From: Jeff▲Relf <Jeff_Relf@xxxxxxxxxxxxxxx>
- Date: 22 Sep 2008 20:47:19 GMT
George Hammond agrees with the gist of what you've been saying:
“ jail the con men ” .. but we're talking millions of people here,
a virtual sea of people who promoted Insane mortages.
Bubbles are easy to detect, just ask yourself:
“ What's the earnings yield ? How leveraged are they ? ”.
Congress and Bush's team recently spent 1 trillion dollars
on Insane mortgages .. not the 700 billion you mentioned.
The homeless need cheaper, better-supervised apartments ..
not more food, not more jail/hospital-time.
Society would actually save money if they did that;
instead, they waste trillions and trillions on
insane mortgages and “ nation building ”.
.
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