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Re: mick post# 7925

Monday, 03/10/2008 10:05:26 AM

Monday, March 10, 2008 10:05:26 AM

Post# of 52323
speaking of wheat did you see it 2 weeks ago when it jumped 275+ points in a day....some broker lost $$141.5m that day....

you may have heard about the rogue trader...

too many situations going on right now and most people arent seeing the underlying problems related to the housing market problems....

most people think it only effects the home owners that default ....and thats just being blind...

if someone defaults on a loan you made to them 2 people are affected....if you had to borrow the money to loan out to that person 3 people are affected and so on and so forth....its a much bigger picture than most people care to realize....

not only are the mortgage lenders being hit but also credit card companies, auto lenders ,etc.etc ..

disclaimer: i am a series 3 licensed broker

DISCLAIMER: I AM A SERIES 3 LICENSED BROKER

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