Geithner Sale Foiled By His Own Policies?
A real estate Friday Funny.
Why intelligent people like Robert Shiller appear on The Daily Show or The Colbert Report is beyond me (look at his body language about halfway through). But it makes for good comedy.
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
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OMG. Thanks 4 Posting This!!! Laughed So Hard Just About Peed…. TMI But Still 2 Funny!!! Have 2 Tweet This!!! Thanks!
Ron :
http://www.fool.com/investing/general/2009/07/28/this-is-killing-housing-prices.aspx?source=ihpsitmpa0000001
Interesting article looking at the point at which a ‘homeowner’ decides to walk on a mortgage.
Could explain why foreclosures here are up over 100% YOY as more PDX homeowners crest that 15% in the hole mark.
Doesn’t bode well for all those Pearl condo’s selling at 30% discounts to original prices….
That was hilarious. I don’t know how the get these professionals on there either. But Bruno/ Borat/Ali G did it over and over.