Oct
01
2009
Crash in High-end Real Estate or a Roller Coaster Recession? :
Posted by: in Home Mortgage Online, tags: Collapse, Congress, Crash, Dow Jones, Earthquake, Excerpt, Federal Government, Financial Institutions, High Roller, Investor, Random, Real Estate, Recession, Roller Coaster, Tectonic Plates, TrillionsRandom Feed wrote an interesting post today on
Here’s a quick excerpt
During the first ten days of October 2008, the Dow Jones dropped 2,399.47 points, losing trillions of investor equity. The Federal Government pushed TARP, a $700 billion bail-out, through Congress to rescue the beleaguered financial institutions. The collapse of the financial system was likened to an earthquake. In reality, what happened was more like a shift of tectonic plates. ******************************************* In September 2009 the Fed proclaimed “The Recession is Over.” Presi
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