Posted on December 24th, 2008 in Mr Mortgage's Personal Opinions/Research
I want to thank each and every one of you for making this site one of the premier places to go for mortgage, housing and credit insights. Together, we are helping people and making a difference and that’s what it’s all about.
As you know, I feel that getting the real story out as quickly as possible is paramount and part of the solution. If not for the relentless flow of housing, mortgage and credit mis-information and corporate opaqueness beginning with the first large-named Subprime lender implosion in Nov 2006 (Own-It Mortgage) — arguably this crisis of confidence would never have led into a full-scale global rout.
If folks were not intentionally kept in the dark about the seriousness of present times for so long, perhaps the October market violence would have happened previously and over a longer period of time, creating much less devastation.
But ‘the truth’ is getting out slowly but surely. As that happens to a greater degree, the healing process can begin.
I wish your and your’s the best Holiday’s ever. -Best, Mr Mortgage