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jpinpb.
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February 15, 2009 at 11:24 PM #347584February 16, 2009 at 1:34 PM #347328
UCGal
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
February 16, 2009 at 1:34 PM #347647Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
February 16, 2009 at 1:34 PM #347763Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
February 16, 2009 at 1:34 PM #347798Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
February 16, 2009 at 1:34 PM #347897Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
February 16, 2009 at 1:47 PM #347333AK
ParticipantI’m hoping for a sequel about distressed REO properties: “House of Mold”
February 16, 2009 at 1:47 PM #347652ParticipantI’m hoping for a sequel about distressed REO properties: “House of Mold”
February 16, 2009 at 1:47 PM #347768ParticipantI’m hoping for a sequel about distressed REO properties: “House of Mold”
February 16, 2009 at 1:47 PM #347803ParticipantI’m hoping for a sequel about distressed REO properties: “House of Mold”
February 16, 2009 at 1:47 PM #347902ParticipantI’m hoping for a sequel about distressed REO properties: “House of Mold”
February 16, 2009 at 5:58 PM #347415jpinpb
ParticipantSo I’m watching it again. They have a clip of Bush saying, “The economy is strong and getting stronger.” I swear, if you watch it, you can tell he can barely, but barely keep a straight face while saying it. It almost looks like he’s holding back a laugh and worried about the veracity of what he was saying, as if he was going to be stricken down by lightening for that lie.
Even though we all know most of what the show is covering and MSM is late to the game, behind blogs and NPR, they did a good job and worth watching.
This American Life – Giant Pool of Money Did a great radio broadcast of this real estate/banking mess, also.
February 16, 2009 at 5:58 PM #347734ParticipantSo I’m watching it again. They have a clip of Bush saying, “The economy is strong and getting stronger.” I swear, if you watch it, you can tell he can barely, but barely keep a straight face while saying it. It almost looks like he’s holding back a laugh and worried about the veracity of what he was saying, as if he was going to be stricken down by lightening for that lie.
Even though we all know most of what the show is covering and MSM is late to the game, behind blogs and NPR, they did a good job and worth watching.
This American Life – Giant Pool of Money Did a great radio broadcast of this real estate/banking mess, also.
February 16, 2009 at 5:58 PM #347853ParticipantSo I’m watching it again. They have a clip of Bush saying, “The economy is strong and getting stronger.” I swear, if you watch it, you can tell he can barely, but barely keep a straight face while saying it. It almost looks like he’s holding back a laugh and worried about the veracity of what he was saying, as if he was going to be stricken down by lightening for that lie.
Even though we all know most of what the show is covering and MSM is late to the game, behind blogs and NPR, they did a good job and worth watching.
This American Life – Giant Pool of Money Did a great radio broadcast of this real estate/banking mess, also.
February 16, 2009 at 5:58 PM #347884ParticipantSo I’m watching it again. They have a clip of Bush saying, “The economy is strong and getting stronger.” I swear, if you watch it, you can tell he can barely, but barely keep a straight face while saying it. It almost looks like he’s holding back a laugh and worried about the veracity of what he was saying, as if he was going to be stricken down by lightening for that lie.
Even though we all know most of what the show is covering and MSM is late to the game, behind blogs and NPR, they did a good job and worth watching.
This American Life – Giant Pool of Money Did a great radio broadcast of this real estate/banking mess, also.
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