Do you believe in Helicopter Ben and Mr Freeze? … OMG
It is getting to the point, where you could laugh wholeheartedly if the situation would not be just too sad …
We face a major crisis in the biggest (still) economy on the planet. Stuffed with cheap dollars and recklessly low interest rates from Japan, everybody was happy to buy on credit, whatever it took, they were lured into buying a house … WHY? COMMISSION … teaser rates, 105% financing … you name it … now … the problem hits and everybody seems to be surprised … HOW FUNNY …
Last available figures show, that the numbers of foreclosures and the numbers of people who are late on payments virtually EXPLODE!!!
But so far … NO ACTION … We are at least since February of this year fully aware of the situation … we heard back in August/September that the US Govt. is about to do something … so far NOTHING … to be honest … I even doubt, that it is possible to do something about it … but so far … HOT AIR only … political speeches … that’s it …
Today … reading the press … everybody says … now there is light at the end of the tunnel … Govt. all over it … my opinion … the light … is a steamtrain … NO HOPE … maybe this is the hidden message … Bush announced THE WRONG number to be called … the only thing you get there … CHRISTIAN BOOKS … this should help 
So far … NO OBLIGATION … NO INVOLVEMENT OF GOVT. … AND(!!!) if it were an obligation … it might well be illegal … and even better … Banks support the plan … BUT … they SOLD the stuff to investors who now have to approve the lower payments … in my eyes … the only solution … WRITE IT OFF … but this is, what they know already … they are only buying time …
Let’s see how long that works … fundamentally … the US markets are a SELL … whether one wants it or not … fortunately or unfortunately … today’s markets are driven by too much money and a lack of brains … so fundamentals have no impact … TECHNICALS rule …
I will try to profit from that 
