Beware of Near Future Financial Company Failures

We are just on the onset of a great deal of Financial Institutions losing a lot of money and their stock prices will go down the tubes. Many of these were higher rollers and their stock prices are now greatly over inflated. A great deal of Mutual Funds have these stocks in their funds because they have a high yield. Why do they have such a high yield? Because they originated or bought sub prime (trash) mortgages where the borrowers had to pay a very high interest rate. Hmmmm, what happens when the borrowers stops making his payment that he NEVER really qualified for in the first place. Even Mr. Greenspan now is talking about a recession. Read his latest comment in this article. It is time to be on the alert if you are a home buyer or looking for a place to put your 401K deposit this year. Check the funds carefully and stay away from ones that have financial stocks. Be aware that Rates can go way up in a bad economy because of Inflation entering into the picture. Home Prices have not hit bottom yet in most of the overinflated areas. www.rateinformer.com