If anyone has any doubt…and they shouldn’t…that the subprime mortgage debacle (sort of running out of ways to describe this…any suggestions?) is having an enormous impact on not only the world of real estate, but the world in general, they need to consider this sobering fact:
Citigroup
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Joshua Dorkin
Charles Feldman
Ted Karsch.
True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market!
by Charles Feldman | February 20, 2009Let’s talk bank nationalization, folks.
Why? because I think there is a pretty good chance it is coming soon–especially when talking about Citi and Bank of America–and, more important, THAT might have the biggest impact yet on solving (or helping to solve) the ever growing mortgage crisis that is still feeding the global credit meltdown.
To a [...]