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DaCounselor.
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January 4, 2008 at 9:41 PM #129910January 4, 2008 at 9:45 PM #129631
equalizer
ParticipantWe should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?
My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.
BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.
January 4, 2008 at 9:45 PM #129800ParticipantWe should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?
My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.
BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.
January 4, 2008 at 9:45 PM #129807ParticipantWe should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?
My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.
BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.
January 4, 2008 at 9:45 PM #129874ParticipantWe should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?
My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.
BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.
January 4, 2008 at 9:45 PM #129906ParticipantWe should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?
My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.
BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.
January 4, 2008 at 9:53 PM #129641ParticipantPR,
They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.
January 4, 2008 at 9:53 PM #129810ParticipantPR,
They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.
January 4, 2008 at 9:53 PM #129817ParticipantPR,
They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.
January 4, 2008 at 9:53 PM #129886ParticipantPR,
They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.
January 4, 2008 at 9:53 PM #129915ParticipantPR,
They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.
January 4, 2008 at 9:57 PM #129656ParticipantThis is the safest country on the planet. Those who hate safety should move to China like that commie loving Jim Rodgers.
http://www.bloomberg.com/apps/news?pid=20601213&sid=ah7ozlRydXyITheir ecomony is growing fast, they are super capitalists, they have no safety standards and they kill lawyers. Oh wait, those commies copy USA machine design all day long and violate other (useless) copyrighted items such as music and movies.
My goal is safety and common sense. I offered a simple solution. I’m sure my family owns just as many stocks as most here, so I’m not one for ridiculous lawsuits.
January 4, 2008 at 9:57 PM #129825ParticipantThis is the safest country on the planet. Those who hate safety should move to China like that commie loving Jim Rodgers.
http://www.bloomberg.com/apps/news?pid=20601213&sid=ah7ozlRydXyITheir ecomony is growing fast, they are super capitalists, they have no safety standards and they kill lawyers. Oh wait, those commies copy USA machine design all day long and violate other (useless) copyrighted items such as music and movies.
My goal is safety and common sense. I offered a simple solution. I’m sure my family owns just as many stocks as most here, so I’m not one for ridiculous lawsuits.
January 4, 2008 at 9:57 PM #129832ParticipantThis is the safest country on the planet. Those who hate safety should move to China like that commie loving Jim Rodgers.
http://www.bloomberg.com/apps/news?pid=20601213&sid=ah7ozlRydXyITheir ecomony is growing fast, they are super capitalists, they have no safety standards and they kill lawyers. Oh wait, those commies copy USA machine design all day long and violate other (useless) copyrighted items such as music and movies.
My goal is safety and common sense. I offered a simple solution. I’m sure my family owns just as many stocks as most here, so I’m not one for ridiculous lawsuits.
January 4, 2008 at 9:57 PM #129899ParticipantThis is the safest country on the planet. Those who hate safety should move to China like that commie loving Jim Rodgers.
http://www.bloomberg.com/apps/news?pid=20601213&sid=ah7ozlRydXyITheir ecomony is growing fast, they are super capitalists, they have no safety standards and they kill lawyers. Oh wait, those commies copy USA machine design all day long and violate other (useless) copyrighted items such as music and movies.
My goal is safety and common sense. I offered a simple solution. I’m sure my family owns just as many stocks as most here, so I’m not one for ridiculous lawsuits.
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