Where to start??? Fannie/Freddie, Lehman, AIG, Merril…and the guvment response

I know, I know…there is so much going on in the financial markets right now.  There are a million people giving a million different opinions on things.  Well, I will have my thoughts on things posted here in the next few days.

First off, there is a TON to digest, and I don’t think ANYBODY knows exactly how this is going to play out.  That said, I do know one thing though:  this blog tried to tell anybody that would read it, what was actually going on in the mortgage market.  I think it is safe to say that the mortgage market is the main catalyst for the problems we are seeing in the financial world right now.  Where are are the ‘bubble nay-sayers’ at this time?  Maybe a few of us ‘bloggers’ did get it right!

I am working on getting my thoughts together, because to discuss this situation requires a books worth of material, not a just a long blog post.  There are so many issues that effected things in different ways.  Then there is the unprecedented ‘merger’ of guvment and business that we haven’t really seen before.

Anyway, I know it isn’t very much right now, but look for an update to this post in the next several days.

Thank you for your patience and also understanding that this blog has been done for ‘free’ since it started back in 2005.  Combine that with the fact that this blog’s main purpose was to educate people so they would NOT be feeling the pain that was going to be coming, and that is now here.

Stay tuned…

SoCalMtgGuy