Is it just subprime causing the problem?

[guitar187]

Why does everyone keep blaming underwriters and mortgage companies? If a secondary market exists to sell the paper on, then who’s problem is it really?

If you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.

[guitar187]

Why does everyone keep blaming underwriters and mortgage companies? If a secondary market exists to sell the paper on, then who’s problem is it really?

If you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.

[kewp]

If you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.

I think if you are looking for a ‘smoking gun’ you are going to be disappointed. It’s more like a smoking munitions depot at this point.

I do feel, however, that when the dust settles, the folks that were mis-grading the MBS’ (AAA for junk) are going to be the scapegoat. If anyone should have know better, it should have been them.

[kewp]

If you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.

I think if you are looking for a ‘smoking gun’ you are going to be disappointed. It’s more like a smoking munitions depot at this point.

I do feel, however, that when the dust settles, the folks that were mis-grading the MBS’ (AAA for junk) are going to be the scapegoat. If anyone should have know better, it should have been them.

[JWM in SD]

The problem guitar187 is that there will be those who want you to bail out those parties with your tax dollars.

[JWM in SD]

The problem guitar187 is that there will be those who want you to bail out those parties with your tax dollars.

[HLS]

It’s not blaming. They are just doing their jobs and filling a market need. It’s clarifying what the chain of command is. There are layers and layers of regulations.

There should have and could have been regulations from the top which would have prevented a housing bubble from happening. It’s not rocket science.

Easy 100% financing should have never existed. It was an accident waiting to happen. It turned the American dream into the American nightmare for some, but did allow others to get their foot in the door of home ownership. It allowed the bubble to get huge in our area.

Many people don’t know what they are “investing” in.
Millions are blindly “investing” via retirement funds, some into MBS and hedge funds and CDO’s.
Today’s High Yield Bonds were called “Junk Bonds” in the 1980’s. Many got rich while many others lost. Genius marketing.

Many are fooled with a false sense of security with their “investment” statements. It goes in cycles. Some people win at the expense of others.

It’s a game of musical chairs, there aren’t enough chairs for everone to be a winner.

[HLS]

It’s not blaming. They are just doing their jobs and filling a market need. It’s clarifying what the chain of command is. There are layers and layers of regulations.

There should have and could have been regulations from the top which would have prevented a housing bubble from happening. It’s not rocket science.

Easy 100% financing should have never existed. It was an accident waiting to happen. It turned the American dream into the American nightmare for some, but did allow others to get their foot in the door of home ownership. It allowed the bubble to get huge in our area.

Many people don’t know what they are “investing” in.
Millions are blindly “investing” via retirement funds, some into MBS and hedge funds and CDO’s.
Today’s High Yield Bonds were called “Junk Bonds” in the 1980’s. Many got rich while many others lost. Genius marketing.

Many are fooled with a false sense of security with their “investment” statements. It goes in cycles. Some people win at the expense of others.

It’s a game of musical chairs, there aren’t enough chairs for everone to be a winner.

[Anonymous]

Let’s not forget that Wall St’s greed in packaging/selling these loans to investors has had a huge part to play in this mess. If there wouldn’t have been buyers for all the mbs and cdo products, there probably wouldn’t have been such lax lending standards.

[Anonymous]

Let’s not forget that Wall St’s greed in packaging/selling these loans to investors has had a huge part to play in this mess. If there wouldn’t have been buyers for all the mbs and cdo products, there probably wouldn’t have been such lax lending standards.

[Author]

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