Comments on: Obama Unveils Bailout Plan to Rescue Foreclosures http://www.eforeclosuremagazine.com/avoid-foreclosures/obama-unveils-bailout-plan-to-rescue-foreclosures Foreclosure News - Foreclosure Articles Updated Daily! Tue, 31 Mar 2009 21:56:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Hal http://www.eforeclosuremagazine.com/avoid-foreclosures/obama-unveils-bailout-plan-to-rescue-foreclosures/comment-page-1#comment-5280 Hal Thu, 12 Feb 2009 17:03:34 +0000 http://www.eforeclosuremagazine.com/?p=535#comment-5280 You can definitely see the result of the plan is having in the markets yesterday and today. And Congresses handling of the bankers the other day was laughable. It was like the proverbial pot calling the kettle black. Frankly I think they're all complicit in the predatory lending practices. I'm just looked at the widget <a href="http://www.learcapital.com/exactprice" rel="nofollow">ExactPrice</a> and it looks like one of the only things going strong right now is the precious metals. Gold actually has topped $950 today and is currently at $948.50. Tells me a lot of big investors are cashing in for gold hedging against a dollar they think is going to be toast. And with all the foreclosures going on and the continued housing price falling I and jobless rates I think we're probably in for a tough time over the next year. And that may be the only thing to bank on that President Obama said. You can definitely see the result of the plan is having in the markets yesterday and today. And Congresses handling of the bankers the other day was laughable. It was like the proverbial pot calling the kettle black. Frankly I think they’re all complicit in the predatory lending practices.

I’m just looked at the widget ExactPrice and it looks like one of the only things going strong right now is the precious metals. Gold actually has topped $950 today and is currently at $948.50. Tells me a lot of big investors are cashing in for gold hedging against a dollar they think is going to be toast.
And with all the foreclosures going on and the continued housing price falling I and jobless rates I think we’re probably in for a tough time over the next year.

And that may be the only thing to bank on that President Obama said.

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