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August 19, 2011 at 12:52 AM #722345August 19, 2011 at 12:54 AM #721135CA renterParticipant
[quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.
August 19, 2011 at 12:54 AM #721228CA renterParticipant[quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.
August 19, 2011 at 12:54 AM #721827CA renterParticipant[quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.
August 19, 2011 at 12:54 AM #721984CA renterParticipant[quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.
August 19, 2011 at 12:54 AM #722350CA renterParticipant[quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.
August 19, 2011 at 5:40 AM #721165The-ShovelerParticipant[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.[/quote]
YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..August 19, 2011 at 5:40 AM #721258The-ShovelerParticipant[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.[/quote]
YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..August 19, 2011 at 5:40 AM #721857The-ShovelerParticipant[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.[/quote]
YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..August 19, 2011 at 5:40 AM #722014The-ShovelerParticipant[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.[/quote]
YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..August 19, 2011 at 5:40 AM #722380The-ShovelerParticipant[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]
HAHA![/quote]
SK is right.
The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.
Look it up.[/quote]
YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..August 19, 2011 at 5:54 AM #721170ArrayaParticipant[quote=aldante]Arraya,
Peter Schiff direction to invest in foreign countries has to do with the weak US dollar not the regime of that nation. At least that is my understanding. I think he says to invest internationally for the same reason that he says to invest in Gold and Silver. Weak US dollar keeps our manufacturing down and our consumption up. To have a stong economy you need jobs.
I do know that RP is a fan of Ludwig Von Mises and Hayak. These theories actually predict what happened in our economy becuase of the central planning of the federal reserve. I think that most people who look at Mises would have to admit it predicts far more reliably then Keynes.[/quote]Well then, we can conclude that the “anti-state” ideological purity that they glibly proselytize is all bullshit, if that is the case. Because RP has been more than supportive of China’s rise in wealth as well – even with it’s massive state intervention to do so.
August 19, 2011 at 5:54 AM #721263ArrayaParticipant[quote=aldante]Arraya,
Peter Schiff direction to invest in foreign countries has to do with the weak US dollar not the regime of that nation. At least that is my understanding. I think he says to invest internationally for the same reason that he says to invest in Gold and Silver. Weak US dollar keeps our manufacturing down and our consumption up. To have a stong economy you need jobs.
I do know that RP is a fan of Ludwig Von Mises and Hayak. These theories actually predict what happened in our economy becuase of the central planning of the federal reserve. I think that most people who look at Mises would have to admit it predicts far more reliably then Keynes.[/quote]Well then, we can conclude that the “anti-state” ideological purity that they glibly proselytize is all bullshit, if that is the case. Because RP has been more than supportive of China’s rise in wealth as well – even with it’s massive state intervention to do so.
August 19, 2011 at 5:54 AM #721862ArrayaParticipant[quote=aldante]Arraya,
Peter Schiff direction to invest in foreign countries has to do with the weak US dollar not the regime of that nation. At least that is my understanding. I think he says to invest internationally for the same reason that he says to invest in Gold and Silver. Weak US dollar keeps our manufacturing down and our consumption up. To have a stong economy you need jobs.
I do know that RP is a fan of Ludwig Von Mises and Hayak. These theories actually predict what happened in our economy becuase of the central planning of the federal reserve. I think that most people who look at Mises would have to admit it predicts far more reliably then Keynes.[/quote]Well then, we can conclude that the “anti-state” ideological purity that they glibly proselytize is all bullshit, if that is the case. Because RP has been more than supportive of China’s rise in wealth as well – even with it’s massive state intervention to do so.
August 19, 2011 at 5:54 AM #722019ArrayaParticipant[quote=aldante]Arraya,
Peter Schiff direction to invest in foreign countries has to do with the weak US dollar not the regime of that nation. At least that is my understanding. I think he says to invest internationally for the same reason that he says to invest in Gold and Silver. Weak US dollar keeps our manufacturing down and our consumption up. To have a stong economy you need jobs.
I do know that RP is a fan of Ludwig Von Mises and Hayak. These theories actually predict what happened in our economy becuase of the central planning of the federal reserve. I think that most people who look at Mises would have to admit it predicts far more reliably then Keynes.[/quote]Well then, we can conclude that the “anti-state” ideological purity that they glibly proselytize is all bullshit, if that is the case. Because RP has been more than supportive of China’s rise in wealth as well – even with it’s massive state intervention to do so.
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