papatoony (November 30, 1999 at 12:00 am)

How can the problem be addressed?? All that money is GONE. The damage was done when the loans were given out...what can possibly be done about it at this point?

MRMILO57 (November 30, 1999 at 12:00 am)

Anyone that has taking on a mortgage in the past number of years (and deep down new they could not afford it) are to blame for this mess just as much as the banks and the corperations! I have no sympathy for either! Why should us innocent tax payers bale your greed and stupidity.

bacaca88 (November 30, 1999 at 12:00 am)

Just get ur credit card out as normal. Stop worryin. Can always pay next month. Who needs cash? Get on the dole and enjoy life. Its what you all deserve in Uk for fucking the place up.

BLACKWINGEDBEING (November 30, 1999 at 12:00 am)

Great real info!!!!

mikeybrumbrum (November 30, 1999 at 12:00 am)

AND.. isnt it the same as us, the peopel, since we are the ones who are payng this "bail out" fee, paying MORE for all our mortgages ?? Its a con, and ht epeopel who made the con, should be brought to justice !!!!

mikeybrumbrum (November 30, 1999 at 12:00 am)

They lent LOTS of money so that house prices would increase dramaticaly. Then, they sold people "EQUITY RELEASE", so that they could BUY half yur house off you. NOW, they say there is a crisis, so the house price will fall - SOON they will own your WHOLE house (or anyone who had equity release, anyway). So, WHO is gonna bail me out of my "equity release" problems, which could lead to me losing the WHOLE of my house, to these bankers ?? NO oNE, thats who ! NOOOOOOOOOOOOOOOOO !!!

dojufitz (November 30, 1999 at 12:00 am)

He makes some good points here - thanks for talking slower in this one - others are like manic talk SPEED!! lol...

migrane222 (November 30, 1999 at 12:00 am)

If this guy is correct, then watch e*trade (ETFC). See if its rally starts to roll over. It is one of the few banks he mentions by name in his posts, and though he doesn't say it directly, he obviously thinks its doomed.

migrane222 (November 30, 1999 at 12:00 am)

First the earnings were terrible, but they did beat expectations, and for pps that's all that matters. In fact, the financials probably will continue to rally. The point he is making is that we are between storms and the next one is bigger and about to pick up momentum.

freddytuber (November 30, 1999 at 12:00 am)

How come they just now posted good earnings and even raised dividends? Are they lying?