Things are heating up!

So, the big banks decided not to remove their moratorium on REO's and now inventory is down to a 90 day level yet the numbers of new NOD's is growing out of control. Are we going to get hit with a tsunami of REO's? We're starting to see some commercial REO's creep onto the market and with the number of vacant commercial space, it looks like we'll see a bunch of them. Maybe that's just California where our political hacks seem to want to drive business out of the state. I don't know, maybe I just woke up on the wrong side of the bed today. I for one, would like to see the market work without a bunch of "stimulus". The stock market went up this week on news of Citigroup earning $8 billion! Wow, Give me $40 billion and I'm sure I could do the same, while standing on my head, in Mexico, drinking a cerveza. Gimme a break.