Real Boomtown

OK.  If this article is correct, we need to watch things very close!  Holy super rates Batman!  Let me put this in mere mortal terms:  During the HeyDay of the mortgage refinance boom, the Treasury hovered around 3.336%.  If this article is correct, than 30 year rates could get down to 4% and stay there.

Whoa!  You've got to be kidding me, did this day really happen?  Or rather, did this week really happen?  Or maybe the real question is:  DID THE PAST 6 YEARS REALLY HAPPEN?  Today Hank Paulson announced that the government is opening up the Federal Government's check book to bail out the very troubled financial market.

I'm going to assume that if you are reading this that you are an American (frankly, I don't care if you're not, though I need to direct this towards a certain demographic.)  So that being the case, Hank and his homeboys Ben Bernanke, W, and the rest of the goons we elected decided that they needed to put us on the hook for this mess.  It is ironic that this happened after they took a very hard stand that they weren't going to do this anymore, this stance as recent as Monday (today is the Friday following the Monday in question.)  And please remember that Monday was a very sad day for Leheman Brothers......that was the day Homeboy Hank let them fall.  I know of one woman who lost $20 million dollars on that one.  It is also ironic that Hank and the gang changed their tune when it was Goldman Sachs who was next on the watch list (Hank was the CEO of Goldman Sachs before taking the government job.)  Odd?  Pehaps.

Needless to say, there will be significant finger pointing and speculation in the next few months....read more here...