All Forum Posts by: Scott Seaman
Scott Seaman has started 3 posts and replied 71 times.
Post: perfect storm update and concerns
Scott SeamanPosted
- Rental Property Investor
- St Petersburg, FL
- Posts 79
- Votes 24
Originally posted by Tim Gordon:
I'll bet it dips into the 9000 territory then we are back in business.
This isn't 2008 banks aren't bankrupt, automakers aren't toast.
Its almost time to go shopping for some deals.
If we ignore the 2nd mortgages the banks are still carrying on their books at full value instead of zero, then sure, the banks look fairly healthy. But if they were ever forced to stop pretending that most of that has no value at all, they'd all be going into receivership.