Daily Archives: 13/10/2009

The Next Wave is Crashing Silently on the Shores

The Next Wave is Crashing Silently on the Shores

October 13, 2009 By John Galt The next wave of problems is quietly crashing on top of our collective heads but the MSM, especially the Financial Bubblemedia will not cover this nor make you aware of what is happening. The rating agencies, already under fire and being threatened with a Congressional extinction event, are quietly downgrading RMBS for Alt-A and Option ARM series which reflects the reality of what is happening in the real markets. As these downgrades increase in voracity and volume, the eventual…

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