re: #319 3 wood

LGF locked up for me for a few minutes there. sorry for the delay.

Very good question, and please don’t hesitate to ask.

First a lot of people are still being thrown out of work and defaulting on loans. Second, it takes a while after a loan goes on the “nonperforming” list before it is considered in default,s o there are time lags. Third, it can take a while for banks to check on the value of collateral and that adds time to the equation.

Simple answer is, the economy is still really screwed up, despite what the Obama worshippers in the MSM will try to spin you, and we are a long way from being out of the woods yet.

Consistent with all the evidence around me. Thank you. I see nothing but spin on what is clearly ugly and getting uglier.

The Co. I work for, a big’un, is presently spinning shut downs and layoffs as a growth opportunity. This is politics on the corporate scale. A sort of surrender to the reality of it all.

I am a Dummie, but I am not to be fooled by the current claims that we have turned the corner. I suspect this society will feel the pain from this present mess long past my expiration date.

Thanks, and I too had a problem getting back into the site - the spinning wheel and all that …