|
The thing I've noticed lately is a lot of so-called alternative mortgage lenders advertising everywhere, with storefronts setup by the dozens right in the heart of our downtown financial district (PATH shopping complex).
Months ago I read on the web that one of our subprime mortgage lenders would need a bailout from the gov due to a bank run, long before it was published on MSM.
Amazing how everything is still held together somewhat on the surface since 2008. But retail sector right now at least here looks like a deflationary collapse (just walk around the malls).
Well I hope at least most of us here have had our cars paid off.
|