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Arty.
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August 25, 2007 at 9:27 PM #10038August 25, 2007 at 9:32 PM #80968
bob007
Participantwhy should taxpayers bail out countrywide ?
August 25, 2007 at 9:32 PM #81102Participantwhy should taxpayers bail out countrywide ?
August 25, 2007 at 9:32 PM #81121Participantwhy should taxpayers bail out countrywide ?
August 25, 2007 at 9:47 PM #80977JWM in SD
ParticipantIf you mean no one can pump and dump their stock like good old Country Fried Financial, then you are correct.
How nice of BoA to inject $2B in Angelo’s company right after having paid a visit to Uncle Ben Bernanke.
August 25, 2007 at 9:47 PM #81111ParticipantIf you mean no one can pump and dump their stock like good old Country Fried Financial, then you are correct.
How nice of BoA to inject $2B in Angelo’s company right after having paid a visit to Uncle Ben Bernanke.
August 25, 2007 at 9:47 PM #81130ParticipantIf you mean no one can pump and dump their stock like good old Country Fried Financial, then you are correct.
How nice of BoA to inject $2B in Angelo’s company right after having paid a visit to Uncle Ben Bernanke.
August 25, 2007 at 10:15 PM #80987Mr_Brightside
ParticipantThis entire situation has been so predictable. There will be a drive to bailout these companies on the guise that this is hurting the end consumer, which it is of course, the problem is they are stuck with their mortgages and are going to have to walk away from their properties. This might as well be millions of cracked slabs as they only thing to do is to walk.
What I’ve been saying for quite some time is that securities industry style regulation, which is very hard core, will be applied to the mortgage and real estate industries. The securities business has been through countless scandals which is why it’s hyper regulated in its current state.
BTW I’m a free market capitalist and I hate regulation and I’d rather have a caveat emptor model on both sides, the borrower side and the buyer of the debt side, however the political process is as predicable as bubble economics so this is going to happen.
The markets were calm this week as a reaction to the Fed Discount Window rate cut. There is very little chance that five years of warped economics are going to be fixed by 50bps. There are more total losers out there that haven’t hit bottom yet; CFC might just be one of them.
August 25, 2007 at 10:15 PM #81119ParticipantThis entire situation has been so predictable. There will be a drive to bailout these companies on the guise that this is hurting the end consumer, which it is of course, the problem is they are stuck with their mortgages and are going to have to walk away from their properties. This might as well be millions of cracked slabs as they only thing to do is to walk.
What I’ve been saying for quite some time is that securities industry style regulation, which is very hard core, will be applied to the mortgage and real estate industries. The securities business has been through countless scandals which is why it’s hyper regulated in its current state.
BTW I’m a free market capitalist and I hate regulation and I’d rather have a caveat emptor model on both sides, the borrower side and the buyer of the debt side, however the political process is as predicable as bubble economics so this is going to happen.
The markets were calm this week as a reaction to the Fed Discount Window rate cut. There is very little chance that five years of warped economics are going to be fixed by 50bps. There are more total losers out there that haven’t hit bottom yet; CFC might just be one of them.
August 25, 2007 at 10:15 PM #81140ParticipantThis entire situation has been so predictable. There will be a drive to bailout these companies on the guise that this is hurting the end consumer, which it is of course, the problem is they are stuck with their mortgages and are going to have to walk away from their properties. This might as well be millions of cracked slabs as they only thing to do is to walk.
What I’ve been saying for quite some time is that securities industry style regulation, which is very hard core, will be applied to the mortgage and real estate industries. The securities business has been through countless scandals which is why it’s hyper regulated in its current state.
BTW I’m a free market capitalist and I hate regulation and I’d rather have a caveat emptor model on both sides, the borrower side and the buyer of the debt side, however the political process is as predicable as bubble economics so this is going to happen.
The markets were calm this week as a reaction to the Fed Discount Window rate cut. There is very little chance that five years of warped economics are going to be fixed by 50bps. There are more total losers out there that haven’t hit bottom yet; CFC might just be one of them.
August 25, 2007 at 11:39 PM #81054Arty
ParticipantDon’t forget both BoA and Citi are also allowed to inject 25 Billion max from its FDIC insured banking division to their brokage firms. Money.cnn.com has it on the headline for this weekend.
August 25, 2007 at 11:39 PM #81184ParticipantDon’t forget both BoA and Citi are also allowed to inject 25 Billion max from its FDIC insured banking division to their brokage firms. Money.cnn.com has it on the headline for this weekend.
August 25, 2007 at 11:39 PM #81206ParticipantDon’t forget both BoA and Citi are also allowed to inject 25 Billion max from its FDIC insured banking division to their brokage firms. Money.cnn.com has it on the headline for this weekend.
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