Economic Collapse, Bailouts and Banks Jack D Deal Videos

[tyronebiggums3]

I was walking around that project a few months back with friends. Just down from Wells Fargo I pointed to WaMu and Wachovia and commented on the 5% CDs they were offering, saying that was the death-sign.  The rest is history. LOL

Check out the latest John Williams interview over at GoldSeek. That guy scares me. He and Marc Faber seem to think that hyperinflation is now baked into the cake.

[jackddeal]

that sure is one amazing boondoggle....just read a column by Paul Krugman of the NY Times saying hyperinflation is not possible yet all you have to do is buy gas or go to the supermarket, no? Inflation is coming our way...thanks for the comments!

[ronpauljimrogers]

The development company went broke, couldn't make sales of its properties, and couldn't make interest payments to the bank. Company stops. (Bankrupt) Building stops.

[jackddeal]

broke in the sense they couldn't continue but supposedly because of the financing...but even so, why would the banks pull out? thanks for the comment!

[GammaAlphaPi]

nice to see a follow up on what is going on here with this development.

[jackddeal]

will try to keep on what happens...amazing story, no?

[pinkfloydmoon]

Maybe the banks will buy that property back for pennies on the dollar with their free tarp (bailout) money .

[jackddeal]

thanks for the comment... but buy it from themselves? sounds crazy, but possible...the thought had ocurred to me that no other bank will touch it...so these two banks can set the terms and conditions on any resolution...no? ha...and you thought you were kidding? fact can be stranger than fantasy...ha...