One-way Risk

On August 5, 2009, In Denial, By Chuck Ponzi

All risk in America seems to go one way:  the the taxpayer, unfortunately that’s not reflected in this cartoon:

One Way Risk

 
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2 Responses to “One-way Risk”

  1. Latesummer2009 says:
    August 7, 2009 at 10:00 am

    Fear and greed, the two things that move markets. Lots of blame to go around. Govt, Banks, Real Estate Agents, Buyers and Sellers to name a few. It’s too bad, responsible citizens ultimately have to pay the price..

    We have yet to see the worst of this in Southern California. With the coming resets and recasts of Alt-A and Prime loans, the mid to high end markets will get hammered. For example Malibu, has already dropped 92% in sales volume over the last 4 years. In addition they have 4 years of current inventory listed. That’s not even counting any shadow inventory.

    I’m afraid the Westside of LA is in for a world of hurt.

    http://www.westsideremeltdown.blogspot.com

  2. Paul says:
    August 12, 2009 at 12:53 pm

    HI-larious! Where is the corporate responsibility? Now the responsible citizens pay the price.



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