- This topic has 22 replies, 9 voices, and was last updated 16 years, 10 months ago by
patientrenter.
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July 14, 2007 at 10:14 AM #9509July 14, 2007 at 11:01 AM #65826
BuyerWillEPB
ParticipantOh man! This story made me completely irate too.
Check it out. Just yesterday, I was so angry I had to comment on this farce in my cheesy blog where I keep track of housing info.
I was saying basically the exact same thing as you are now.
I’m glad to know there are other americans outraged by this too. Good job bob007.
July 14, 2007 at 11:01 AM #65889ParticipantOh man! This story made me completely irate too.
Check it out. Just yesterday, I was so angry I had to comment on this farce in my cheesy blog where I keep track of housing info.
I was saying basically the exact same thing as you are now.
I’m glad to know there are other americans outraged by this too. Good job bob007.
July 14, 2007 at 11:13 AM #65828waiting hawk
ParticipantRead this about HUD crying to China:
http://www.europac.net/newspop.asp?id=9206&from=homeJuly 14, 2007 at 11:13 AM #65891ParticipantRead this about HUD crying to China:
http://www.europac.net/newspop.asp?id=9206&from=homeJuly 14, 2007 at 12:04 PM #65830LA_Renter
ParticipantPsssssst. Hey buddy want to buy some subprime bonds.
July 14, 2007 at 12:04 PM #65893ParticipantPsssssst. Hey buddy want to buy some subprime bonds.
July 15, 2007 at 12:13 PM #65912LookoutBelow
ParticipantThe chinese aren't stupid…they may have been suckered a little in the past so far, but they wise up quick…..this offer is going nowhere quick and it made the chinese laugh im sure
July 15, 2007 at 12:13 PM #65976ParticipantThe chinese aren't stupid…they may have been suckered a little in the past so far, but they wise up quick…..this offer is going nowhere quick and it made the chinese laugh im sure
July 15, 2007 at 1:32 PM #65914bsrsharma
ParticipantOne thing I don’t understand is why HUD secretary for panhandling? Isn’t it the job of treasury secretary or someone from FED to handle the nations monetary/fiscal crises? This Alphonso’s bio reads like a mid-level bureaucrat; hard to imagine him convincing skeptical hard nosed China central bankers.
Another question is, why China? Japan is equally awash in $ and if there is anyone in Asia that may take a financial bullet for US, it is probably BoJ. We surely enjoy more goodwill with Japan than China.
Anyway, if the story is true i.e HUD secretary is gone “fund raising”, we are approaching the iceberg and there aren’t enough lifeboats!
July 15, 2007 at 1:32 PM #65978ParticipantOne thing I don’t understand is why HUD secretary for panhandling? Isn’t it the job of treasury secretary or someone from FED to handle the nations monetary/fiscal crises? This Alphonso’s bio reads like a mid-level bureaucrat; hard to imagine him convincing skeptical hard nosed China central bankers.
Another question is, why China? Japan is equally awash in $ and if there is anyone in Asia that may take a financial bullet for US, it is probably BoJ. We surely enjoy more goodwill with Japan than China.
Anyway, if the story is true i.e HUD secretary is gone “fund raising”, we are approaching the iceberg and there aren’t enough lifeboats!
July 15, 2007 at 2:14 PM #65918Bugs
ParticipantThere is always the law of unintended consequences to consider:
I think there’s a risk he might accidentally talk the Chinese into realizing their current exposure, thus setting off a selling spree.
July 15, 2007 at 2:14 PM #65982ParticipantThere is always the law of unintended consequences to consider:
I think there’s a risk he might accidentally talk the Chinese into realizing their current exposure, thus setting off a selling spree.
July 15, 2007 at 3:27 PM #65920ParticipantUpdate: The HUD sec. was caught red handed with his lies.
July 15, 2007 at 3:27 PM #65984ParticipantUpdate: The HUD sec. was caught red handed with his lies.
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