Need banking insiders to expose strategic plans

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Submitted by denverite on November 7, 2009 - 1:03pm

Whenever we find ourselves in a finacial pickle, there are always a few brave souls that come forth and provide information that only insiders are aware of. This has happened recently in the health insurance (Wendell Potter), investment banking (numerous individuals) industries. No doubt that many books are have been, and will be, written on the Great Crash of 2007, but my interest is the future, especially from the insider perspective.

My hope is that someone in the banking/RE/media industries steps forward to elaborate on the strategic plans being made in the banking (and government) industry. Specifically, it seems apparent that both commercial and residential RE prices are being held at moderate to high levels (relative to economic fundamentals). We have seen quite unbelievable scenarios unfold in the past year or two, but I suspect even greater manipulations in the future. Is this thing so hot that no one from within will touch it?

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It's not really a secret, is
Submitted by patientrenter on November 7, 2009 - 6:34pm.

It's not really a secret, is it? Barney Frank himself has publicly said that keeping home prices inflated is "policy". He is the most powerful single individual overseeing the financial structure in the US. What more evidence do you need or want?

I've heard and read from a
Submitted by CA renter on November 7, 2009 - 7:03pm.

I've heard and read from a few sources that the government specifically instructed the banks to withhold REO inventory from the market. This aligns 100% with what we're seeing WRT interest rates, loan mods, govt backstops, and "the policy" stated above (the govt is determined to artificially prop up home prices).

What's really needed is a lawsuit against the govt/banks for price-fixing and collusion because the govt is instructing the banks to act in unison in order to keep housing prices high. Unfortunately, we are not able to sue the govt (unless somebody knows something differen???).

CA renter wrote:I've heard
Submitted by mike92104 on November 7, 2009 - 8:34pm.

CA renter wrote:
I've heard and read from a few sources that the government specifically instructed the banks to withhold REO inventory from the market. This aligns 100% with what we're seeing WRT interest rates, loan mods, govt backstops, and "the policy" stated above (the govt is determined to artificially prop up home prices).

What's really needed is a lawsuit against the govt/banks for price-fixing and collusion because the govt is instructing the banks to act in unison in order to keep housing prices high. Unfortunately, we are not able to sue the govt (unless somebody knows something different???).

We can sue the banks.

I love that Barney Frank wants to make housing affordable by keeping prices high.

I think it's much more about keeping his wallet fat.

mike92104 wrote:CA renter
Submitted by mike92104 on November 7, 2009 - 9:06pm.

mike92104 wrote:
CA renter wrote:
I've heard and read from a few sources that the government specifically instructed the banks to withhold REO inventory from the market. This aligns 100% with what we're seeing WRT interest rates, loan mods, govt backstops, and "the policy" stated above (the govt is determined to artificially prop up home prices).

What's really needed is a lawsuit against the govt/banks for price-fixing and collusion because the govt is instructing the banks to act in unison in order to keep housing prices high. Unfortunately, we are not able to sue the govt (unless somebody knows something different???).

We can sue the banks.

I love that Barney Frank wants to make housing affordable by keeping prices high.

I think it's much more about keeping his wallet fat.

Or . . . He bought a couple houses in 2005