fear & loathing in the fixed income housing market

conspiracies do happen.
markets are manipulated.
&
the little people get f'd.

before you view jim cramer on
cnbc go nuts with rage as
he explains how bad the fixed income
mortgage market collapse really is saying,
thousands of people are losing
their homes,

a quick view of the facts will
review the extent of how this
was purposely orchestrated and
everything is going as planned.
it's not rocket science.

bloomberg news says this about
two of the martgage investment co.
that went bankrupt or are about to:

"Bids from investors for American Home's loans began falling this year after defaults on U.S. subprime mortgages rose to the highest level since 2002. Investors were concerned that lax underwriting standards and growing fraud might lead to rising defaults on Alt-A loans."

"NovaStar specializes in subprime loans to people with the worst credit records. Overdue payments on those mortgages nationwide reached the highest level since 2002 during the first quarter. More than 70 mortgage companies have halted operations or sought buyers since 2006."

hey but good news for the big wigs
at bear sterns:

"In 2006, the top 5 officers, including the President who was just fired (but gets to keep the money) made $1.25 million in salaries, $71.5 million in bonuses, $61.5 million in stock awards (the stock is dropping) and $21.6 million in other compensation. That is a total of $155.9 million."
-excerpt from solari blog-