Obama’s new plan to subsidize mortgage payments

[cr]

[quote=ralphfurley]I had no clue what PPT was so I looked it up on wiki:

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

Interesting stuff. Doesn’t seem like a stretch by any means. If the government is going to throw tons of money at these financial institutions, why not manipulate the market a little bit to prevent things from melting down?[/quote]

Maybe the PPT was out buying houses to stabilize that market and the magnitude of it distracted them and lead to the fall of the stock market, which recaptured their attention and lead to the various bailouts, and a resumed plummetting of housing…

*edit*

Just found this from Mish on the PPT:
PPT Conspiracy Theory

• The government created a good working plan to frequently stabilize the markets.
• The government kept that plan quiet.
• The government implemented that plan with the help of others (market makers, order takers, etc).
• The participants in the plan all keep quiet about it.
• The government plan is carried out to perfection.
• The plan works so well that no one can even prove the existence of the plan.
• The results mysteriously happen right near moving averages.

Massive Sheep Herding Theory
A 8,263+ hedge funds all have been trained over time to buy breakdowns especially at or near moving averages.
Loose monetary policy by the Fed has been supportive of that action.

So which is it? To believe the former you have to believe that this administration and/or this Fed can routinely carry out such a plan to perfection for 6 years running with no one willing to expose it. Making the problem even more difficult is the fact that most CTs think this administration and this Fed are both completely incompetent. It’s time to face the facts. The PPT is simply not operating on a day to day or even a routine basis. In fact it’s entirely possible, perhaps even likely, that it has never acted ever.

[Coronita]

Well here’s the stimulus breakdown, in all it’s glory…

http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/index.html

Time to go pick up my new car :)….Thanks Fed for subsidizing my purchase! Too bad it’s going to VAG in Germany. What, you expected me to buy something from GM/Ford/Chrysler? Are you nuts?

[Coronita]

Well here’s the stimulus breakdown, in all it’s glory…

http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/index.html

Time to go pick up my new car :)….Thanks Fed for subsidizing my purchase! Too bad it’s going to VAG in Germany. What, you expected me to buy something from GM/Ford/Chrysler? Are you nuts?

[Coronita]

Well here’s the stimulus breakdown, in all it’s glory…

http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/index.html

Time to go pick up my new car :)….Thanks Fed for subsidizing my purchase! Too bad it’s going to VAG in Germany. What, you expected me to buy something from GM/Ford/Chrysler? Are you nuts?

[Coronita]

Well here’s the stimulus breakdown, in all it’s glory…

http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/index.html

Time to go pick up my new car :)….Thanks Fed for subsidizing my purchase! Too bad it’s going to VAG in Germany. What, you expected me to buy something from GM/Ford/Chrysler? Are you nuts?

[Coronita]

Well here’s the stimulus breakdown, in all it’s glory…

http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/index.html

Time to go pick up my new car :)….Thanks Fed for subsidizing my purchase! Too bad it’s going to VAG in Germany. What, you expected me to buy something from GM/Ford/Chrysler? Are you nuts?

[Arraya]

Here is an article from that conspiracy rag, Bloomberg, where they mention the PPT AND the members of this shadowy operation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0WowOmHuGpE&refer=home

The proposals from the President’s Working Group on Financial Markets will “talk specifically about the lessons learned” from capital-market turmoil, Paulson said after a speech in Arlington, Virginia, to the National Association for Business Economics.

The four-member working group that Paulson chairs includes Fed Chairman Ben Bernanke and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. It will issue recommendations on rules to ensure greater transparency on homeowner lending and loan securitization, Paulson said.

So it appears to be operational.

Do they have motivation to stop crashes? I’d say that is a resounding yes! Remember, they are franticly working to bring confidence back into the markets.

Do they have a mechanism? Between hedge funds and derivatives, probably, IMO. I’m not that savvy on the dark arts of these “market tools”, however, from other articles I have read they would be the main culprits.

If they do, do it, I doubt they do it frequently, IMO.

[Arraya]

Here is an article from that conspiracy rag, Bloomberg, where they mention the PPT AND the members of this shadowy operation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0WowOmHuGpE&refer=home

The proposals from the President’s Working Group on Financial Markets will “talk specifically about the lessons learned” from capital-market turmoil, Paulson said after a speech in Arlington, Virginia, to the National Association for Business Economics.

The four-member working group that Paulson chairs includes Fed Chairman Ben Bernanke and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. It will issue recommendations on rules to ensure greater transparency on homeowner lending and loan securitization, Paulson said.

So it appears to be operational.

Do they have motivation to stop crashes? I’d say that is a resounding yes! Remember, they are franticly working to bring confidence back into the markets.

Do they have a mechanism? Between hedge funds and derivatives, probably, IMO. I’m not that savvy on the dark arts of these “market tools”, however, from other articles I have read they would be the main culprits.

If they do, do it, I doubt they do it frequently, IMO.

[Arraya]

Here is an article from that conspiracy rag, Bloomberg, where they mention the PPT AND the members of this shadowy operation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0WowOmHuGpE&refer=home

The proposals from the President’s Working Group on Financial Markets will “talk specifically about the lessons learned” from capital-market turmoil, Paulson said after a speech in Arlington, Virginia, to the National Association for Business Economics.

The four-member working group that Paulson chairs includes Fed Chairman Ben Bernanke and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. It will issue recommendations on rules to ensure greater transparency on homeowner lending and loan securitization, Paulson said.

So it appears to be operational.

Do they have motivation to stop crashes? I’d say that is a resounding yes! Remember, they are franticly working to bring confidence back into the markets.

Do they have a mechanism? Between hedge funds and derivatives, probably, IMO. I’m not that savvy on the dark arts of these “market tools”, however, from other articles I have read they would be the main culprits.

If they do, do it, I doubt they do it frequently, IMO.

[Arraya]

Here is an article from that conspiracy rag, Bloomberg, where they mention the PPT AND the members of this shadowy operation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0WowOmHuGpE&refer=home

The proposals from the President’s Working Group on Financial Markets will “talk specifically about the lessons learned” from capital-market turmoil, Paulson said after a speech in Arlington, Virginia, to the National Association for Business Economics.

The four-member working group that Paulson chairs includes Fed Chairman Ben Bernanke and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. It will issue recommendations on rules to ensure greater transparency on homeowner lending and loan securitization, Paulson said.

So it appears to be operational.

Do they have motivation to stop crashes? I’d say that is a resounding yes! Remember, they are franticly working to bring confidence back into the markets.

Do they have a mechanism? Between hedge funds and derivatives, probably, IMO. I’m not that savvy on the dark arts of these “market tools”, however, from other articles I have read they would be the main culprits.

If they do, do it, I doubt they do it frequently, IMO.

[Arraya]

Here is an article from that conspiracy rag, Bloomberg, where they mention the PPT AND the members of this shadowy operation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0WowOmHuGpE&refer=home

The proposals from the President’s Working Group on Financial Markets will “talk specifically about the lessons learned” from capital-market turmoil, Paulson said after a speech in Arlington, Virginia, to the National Association for Business Economics.

The four-member working group that Paulson chairs includes Fed Chairman Ben Bernanke and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. It will issue recommendations on rules to ensure greater transparency on homeowner lending and loan securitization, Paulson said.

So it appears to be operational.

Do they have motivation to stop crashes? I’d say that is a resounding yes! Remember, they are franticly working to bring confidence back into the markets.

Do they have a mechanism? Between hedge funds and derivatives, probably, IMO. I’m not that savvy on the dark arts of these “market tools”, however, from other articles I have read they would be the main culprits.

If they do, do it, I doubt they do it frequently, IMO.

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