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temeculaguy.
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August 22, 2007 at 2:57 AM #9974August 22, 2007 at 4:18 AM #78992
Ex-SD
ParticipantSenator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.
August 22, 2007 at 4:18 AM #79119ParticipantSenator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.
August 22, 2007 at 4:18 AM #79141ParticipantSenator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.
August 22, 2007 at 5:29 AM #78995rankandfile
ParticipantThey (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.
August 22, 2007 at 5:29 AM #79122ParticipantThey (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.
August 22, 2007 at 5:29 AM #79144ParticipantThey (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.
August 22, 2007 at 8:04 AM #79004bsrsharma
Participanthe is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals
Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.
August 22, 2007 at 8:04 AM #79131Participanthe is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals
Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.
August 22, 2007 at 8:04 AM #79153Participanthe is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals
Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.
August 22, 2007 at 8:21 AM #79007SD Realtor
ParticipantHow about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?
SD Realtor
August 22, 2007 at 8:21 AM #79134ParticipantHow about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?
SD Realtor
August 22, 2007 at 8:21 AM #79155ParticipantHow about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?
SD Realtor
August 22, 2007 at 8:28 AM #79016Ozzie
ParticipantMortgages will become simply unavailable
If that’s the case then the Sen. is right in asking for the limits for Fannie and Freddie to be raised. Their charter is to provide liquidity to the mortgage market. No wonder FNM is up about 20% in the last two weeks. Looks like traders have priced it in.
August 22, 2007 at 8:28 AM #79143ParticipantMortgages will become simply unavailable
If that’s the case then the Sen. is right in asking for the limits for Fannie and Freddie to be raised. Their charter is to provide liquidity to the mortgage market. No wonder FNM is up about 20% in the last two weeks. Looks like traders have priced it in.
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