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Old 03-12-2007, 05:45 PM  
DOCTOR 30
So Fucking Banned
 
Join Date: Aug 2006
Posts: 846
Real Estate Crash: New Century Gets Default Claims

http://quote.bloomberg.com/apps/news...d=aY3mu1qdRq94

I never thought I would see this company go under. Trading stopped today and it's just astounding things actually got this bad for them.

I believe Lensman had predicted something like this a while back and put up a thread about the coming real estate crash. I have to admit I was at a meeting last fall and the avalanche prediction was indeed for March 18 of 2007. According to the pros, that's when millions of families will go into default.
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