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	<title>housingbubblecasualty.com</title>
	<link>http://housingbubblecasualty.com</link>
	<description>Mortgage insiders view on mortgages, real estate, debt, and the housing bubble.  site by SoCalMtgGuy, author of - Another F@CKED Borrower</description>
	<lastBuildDate>Tue, 18 Mar 2008 15:12:31 +0000</lastBuildDate>
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		<title>I guess housing doesn&#8217;t always go UP!</title>
		<description><![CDATA[Yes, I know, it has been way too long.  But at least we are starting to see some signs that we were in a real estate bubble&#8230;right?!?!?  I guess when major a major Wall Street investment firm gets bought for $2 a share, something bad happened.  But more on that later&#8230;
I don&#8217;t [...]]]></description>
		<link>http://housingbubblecasualty.com/i-guess-housing-doesnt-always-go-up/</link>
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		<title>Uhh-Ohh&#8230; Looks like the &#8216;wealthy&#8217; people got a little carried away too.  I told you this was coming!</title>
		<description><![CDATA[Wow, what interesting times we are in right now!  American&#8217;s largest lender Countrywide was teetering on the brink of bankruptcy.  American Express has to write off a measly 480 million that borrowers didn&#8217;t/couldn&#8217;t pay.   Citibank and Merrill Lynch are having some pretty large write downs.  I mean, what is a [...]]]></description>
		<link>http://housingbubblecasualty.com/uhh-ohh-looks-like-the-wealthy-people-got-a-little-carried-away-too-i-told-you-this-was-coming/</link>
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		<title>What does &#8216;08 have in store for our economy and the housing market??</title>
		<description><![CDATA[I hope everybody had a Merry Christmas and is looking forward to fun New Year&#8217;s celebrations with friends and family.
For those of you that have been reading this blog since 2005, you know that my feelings regarding housing and the economy were not very positive as a whole.  You cannot have hundreds of billions [...]]]></description>
		<link>http://housingbubblecasualty.com/what-does-08-have-in-store-for-our-economy-and-the-housing-market/</link>
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		<title>Politicians and Bush say &#8216;F-you&#8217; to RESPONSIBLE Americans and extend the housing bubble 5 more years (at least)</title>
		<description><![CDATA[I don&#8217;t have time for a long post right now, but I will expound on this later.
Today marks the day that America goes bankrupt in more things than just it&#8217;s finances.  We are bankrupt in personal responsibility, integrity, risk assessment, and admitting our mistakes.  But look at the bright side&#8230;I have found the [...]]]></description>
		<link>http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/</link>
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		<title>Paulson&#8217;s comments:  3 years late and a few hundred billion dollars short  (Not bad for guvment)</title>
		<description><![CDATA[I have been out of town for a rather large portion of the past 6 weeks.  I have traveled all over the country and to our neighbors in Canada.  I will say that it sucks to go to Canada and see &#8220;.90&#8243; taped to cash registers so &#8216;we&#8217; would know that the US [...]]]></description>
		<link>http://housingbubblecasualty.com/paulsons-comments-3-years-late-and-a-few-hundred-billion-dollars-short-not-bad-for-guvment/</link>
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		<title>Rate cut WILL NOT save the housing bubble</title>
		<description><![CDATA[I don&#8217;t have time for a long post right now, but I wanted to get my quick thoughts on the 50 basis point rate cut.
Sadly, this will only make things worse in the long run.  Unless the median income reaches into the 6-figure range over the next 1-3 quarters, this 50bp rate cut isn&#8217;t [...]]]></description>
		<link>http://housingbubblecasualty.com/rate-cut-will-not-save-the-housing-bubble/</link>
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		<title>Government says &#8220;NO&#8221; to Personal Responsibility - &#8220;We will do everything in our power to help those persons who didn&#8217;t read the fine print&#8221;</title>
		<description><![CDATA[I am so MAD you don&#8217;t even know!!!!!!!  I don&#8217;t even know where to start.  I will just make some bullet points and talk about them.  I just want to get this post up quickly as I need to go make some money&#8230;.not for myself, but for our new &#8216;populist&#8217; society that is more focused on [...]]]></description>
		<link>http://housingbubblecasualty.com/government-says-no-to-personal-responsibility-we-will-do-everything-in-our-power-to-help-those-persons-who-didnt-read-the-fine-print/</link>
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		<title>Senator Dodd and Los Angeles Councilman Alarcon - BAILOUT BUDDIES?!?!?</title>
		<description><![CDATA[I told you it was only a matter of time until the politicians started talking BAILOUT for people that bit off more than they could chew.  They can&#8217;t have it both ways (or can they).  They can&#8217;t have 70% &#8216;home ownership&#8217; (more like home mortgageship) on one hand, and then use taxpayer money [...]]]></description>
		<link>http://housingbubblecasualty.com/senator-dodd-and-los-angeles-councilman-alarcon-bailout-buddies/</link>
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		<title>Waking up to a CNBC nightmare&#8230;the Hillary interview dissected</title>
		<description><![CDATA[First off, thanks to those people that keep commenting and e-mailing me their support even in periods of less than frequent postings.
I know it seems like a lot is happening, and it is, but now that everybody (including people hand-writing fortune cookies in China&#8230;which just happen to be holding a couple hundred billion of our [...]]]></description>
		<link>http://housingbubblecasualty.com/waking-up-to-a-cnbc-nightmarethe-hillary-interview-dissected/</link>
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		<title>Uhhh-Ohhh&#8230;  The most creditworthy borrowers are defaulting now</title>
		<description><![CDATA[Well, well, well&#8230;I hate to say &#8220;I told you so&#8221;, but imagine my surprise (or lack thereof) one morning last week when I saw the following headlines on the Drudgereport.
COUNTRYWIDE:  Rise in mortgage defaults among most creditworthy borrowers&#8230;
California defaults hit 10-year high&#8230;
Wisconsin foreclosures up 23%&#8230;
MOODY&#8217;S:  Housing difficulties cause for concern but no systemic [...]]]></description>
		<link>http://housingbubblecasualty.com/uhhh-ohhh-the-most-creditworthy-borrowers-are-defaulting-now/</link>
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