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C'mon, you know it's coming.
The Big Bailout is the one that will include...
1. government buyback of mortgage portfolios disguised as long term loans
2. government buyback of bank REOs, disguised as a "loan"
3. government doing FHA loans to anyone in any circumstances
The banks like WaMu, Countrywide and Wells Fargo and all are dragging their feet not doing workouts very quickly and not working to sell their REOs. Why? Because the Big Bailout is coming.
Buy gold.
The Big Bailout is the one that will include...
1. government buyback of mortgage portfolios disguised as long term loans
2. government buyback of bank REOs, disguised as a "loan"
3. government doing FHA loans to anyone in any circumstances
The banks like WaMu, Countrywide and Wells Fargo and all are dragging their feet not doing workouts very quickly and not working to sell their REOs. Why? Because the Big Bailout is coming.
Buy gold.
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