Loan Modification

Catastrophic Implications of US and Japan Money Pumping and Debt

By Implode-Explode Heavy Industries

The Wall Street Examiner's Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meterhad lots to talk about this week and as usual the discussions were free wheeling, brutally honest, and entertaining.

Here's what we covered in Part 1, free to all visitors (36 minutes):

• The implications of massive Bank of Japan money printing
• 47% of mortgages are now effectively under water
• Why the housing "double dip" is essentially an extension of the same downtrend
• The Treasury's planned MBS sales may give the banks another windfall and will still leave the taxpayer on the hook for currently unrealized losses
• The Social Security Disability Fund is insolvent and Social Security is already broke
• The implications of likely long term Middle East Instability on "video gamer" money managers

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).