Capital Account | Barry Ritholtz on the Ghosts Haunting the Zombified US Housing Market (VIDEO)

Welcome to Capital Account. New home construction in the US fell in July, according to Commerce Department Data, another reminder of weakness in the housing market despite recent signs of recovery. It is not unexpected if you talk to Barry Ritholtz, author of “Bailout Nation,” who has been saying the “zombified” US housing market still has a long way to go.

Plus, from Zombie markets to Ghost inventory, we talk about the often overlooked underbelly of US housing, which is haunting the recovery. We get a forecast from Barry Ritholtz, CEO of Fusion IQ, of when the foreclosure machinery will be creaking back to life.

And, we all remember when Jon Corzine claimed he did not “know where the money went” from MF Global segregated accounts. Now it seems like he might get away with it. According to the New York Times, criminal investigators are citing lax risk control and disorder, not fraud, as causes for the disappearance of over one billion dollars of customer money at MF Global. We hear Barry Ritholtz’s colorful remarks on how prosecutors should go after MF Global.

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4closureFraud.org

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4 Responses to “Capital Account | Barry Ritholtz on the Ghosts Haunting the Zombified US Housing Market (VIDEO)”
  1. robert wade says:

    The item not mentioned to much as I see this i are, and perhaps very small portion of the whole picture are the homeowners community that are litigating their Proof to foreclosure at all. There are homeowners winning in court and judges signing quiet title order of court to record, This is the closest thing to a secured document of holding a home that I have seen. This is factual not speculative and have not heard much from this point of view
    as yet. This question is still yet unanswered. More on securing a recorded instrument are misplaced by even by title companies that insure properties of foreclosures and purchased by another buyer is risky business at best.
    How can you give assurances of ownership when ownership cannot even be found. Their must be assurances of ownership when an exchange is made legal tender for title to a property.

  2. chitown2020 says:

    Engaging in the cover up of a crime is aiding and abetting the crimes they are committing which are fraud and intent to defraud. The intent to deceive is criminal so stop lying for them.

  3. chitown2020 says:

    After all, they have a lifestyle to live.

  4. chitown2020 says:

    O.K. Barry. Those who know the truth are not fooled by you. The houses were never worth the bubble price and those prices are never coming back. The American people are FED UP and we want our stolen wealth back. BTW anyone who cant pay the usury on a cottage or a boat ….. those will be illegally repoed by the crooks in no time flat.

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