60 Minutes – 2nd Wave – Option ARMS+ALT As

[cr]

So much for a 2009 turn-around.

[34f3f3f]

A lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?

[34f3f3f]

A lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?

[34f3f3f]

A lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?

[34f3f3f]

A lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?

[34f3f3f]

A lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?

[PCinSD]

Over the weekend I watched the movie “I Am Legend”. I thought it was long, slow and boring. However, I noticed a couple of interesting things in the movie that directly relate to the housing market and the economy:

The first scene of the movie shows a local news station interviewing this woman who claims she has the cure for cancer. On the bottom of the screen, there is one of those news ticker things that constantly scroll the news highlights. The news story that caught my eye was the one that said “2009 home sales lowest they’ve been in the past decade”. I thought that was interesting because this movie came out in 2007. So, some producer or screenwriter in Hollywood knew what was going to happen with housing back when they made this movie. Another highlight said that Shaquille O’Neal is going to announce his retirement in 2010.

Finally, there was a scene where Will Smith is filling up a gas can at a deserted gas station. Gas prices were about $6.60 a gallon.

[PCinSD]

Over the weekend I watched the movie “I Am Legend”. I thought it was long, slow and boring. However, I noticed a couple of interesting things in the movie that directly relate to the housing market and the economy:

The first scene of the movie shows a local news station interviewing this woman who claims she has the cure for cancer. On the bottom of the screen, there is one of those news ticker things that constantly scroll the news highlights. The news story that caught my eye was the one that said “2009 home sales lowest they’ve been in the past decade”. I thought that was interesting because this movie came out in 2007. So, some producer or screenwriter in Hollywood knew what was going to happen with housing back when they made this movie. Another highlight said that Shaquille O’Neal is going to announce his retirement in 2010.

Finally, there was a scene where Will Smith is filling up a gas can at a deserted gas station. Gas prices were about $6.60 a gallon.

[PCinSD]

Over the weekend I watched the movie “I Am Legend”. I thought it was long, slow and boring. However, I noticed a couple of interesting things in the movie that directly relate to the housing market and the economy:

The first scene of the movie shows a local news station interviewing this woman who claims she has the cure for cancer. On the bottom of the screen, there is one of those news ticker things that constantly scroll the news highlights. The news story that caught my eye was the one that said “2009 home sales lowest they’ve been in the past decade”. I thought that was interesting because this movie came out in 2007. So, some producer or screenwriter in Hollywood knew what was going to happen with housing back when they made this movie. Another highlight said that Shaquille O’Neal is going to announce his retirement in 2010.

Finally, there was a scene where Will Smith is filling up a gas can at a deserted gas station. Gas prices were about $6.60 a gallon.

[PCinSD]

Over the weekend I watched the movie “I Am Legend”. I thought it was long, slow and boring. However, I noticed a couple of interesting things in the movie that directly relate to the housing market and the economy:

The first scene of the movie shows a local news station interviewing this woman who claims she has the cure for cancer. On the bottom of the screen, there is one of those news ticker things that constantly scroll the news highlights. The news story that caught my eye was the one that said “2009 home sales lowest they’ve been in the past decade”. I thought that was interesting because this movie came out in 2007. So, some producer or screenwriter in Hollywood knew what was going to happen with housing back when they made this movie. Another highlight said that Shaquille O’Neal is going to announce his retirement in 2010.

Finally, there was a scene where Will Smith is filling up a gas can at a deserted gas station. Gas prices were about $6.60 a gallon.

[PCinSD]

Over the weekend I watched the movie “I Am Legend”. I thought it was long, slow and boring. However, I noticed a couple of interesting things in the movie that directly relate to the housing market and the economy:

The first scene of the movie shows a local news station interviewing this woman who claims she has the cure for cancer. On the bottom of the screen, there is one of those news ticker things that constantly scroll the news highlights. The news story that caught my eye was the one that said “2009 home sales lowest they’ve been in the past decade”. I thought that was interesting because this movie came out in 2007. So, some producer or screenwriter in Hollywood knew what was going to happen with housing back when they made this movie. Another highlight said that Shaquille O’Neal is going to announce his retirement in 2010.

Finally, there was a scene where Will Smith is filling up a gas can at a deserted gas station. Gas prices were about $6.60 a gallon.

[ucodegen]

Another graph.. one that was posted earlier:
[img_assist|nid=8194|title=LoanOrignation.2005-2006|desc=|link=node|align=left|width=200|height=172]

Sidenote: Can’t insert any image bigger than a thumbnail directly into a post. This makes viewing some of the user posted graphs difficult. You actually have to click on the graph followed by selecting original to really see it. I tried 400×374 and it was very fuzzy.

[ucodegen]

Another graph.. one that was posted earlier:
[img_assist|nid=8194|title=LoanOrignation.2005-2006|desc=|link=node|align=left|width=200|height=172]

Sidenote: Can’t insert any image bigger than a thumbnail directly into a post. This makes viewing some of the user posted graphs difficult. You actually have to click on the graph followed by selecting original to really see it. I tried 400×374 and it was very fuzzy.

[ucodegen]

Another graph.. one that was posted earlier:
[img_assist|nid=8194|title=LoanOrignation.2005-2006|desc=|link=node|align=left|width=200|height=172]

Sidenote: Can’t insert any image bigger than a thumbnail directly into a post. This makes viewing some of the user posted graphs difficult. You actually have to click on the graph followed by selecting original to really see it. I tried 400×374 and it was very fuzzy.

[ucodegen]

Another graph.. one that was posted earlier:
[img_assist|nid=8194|title=LoanOrignation.2005-2006|desc=|link=node|align=left|width=200|height=172]

Sidenote: Can’t insert any image bigger than a thumbnail directly into a post. This makes viewing some of the user posted graphs difficult. You actually have to click on the graph followed by selecting original to really see it. I tried 400×374 and it was very fuzzy.

[Author]

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