Re: china proposes to cut 2/3 of its U.S. dollar holdings...

the robo signing scandal had slowed down new foreclosures... but the word on the street is that the banks are about to kick the process back into overdrive. that should really help out the GDP numbers. something else interesting to think about. banks can basically lie about the fair market value of mortgages at this time, and as such, bank asset values are wildly overstated. Tweet