Senator Dodd and Clinton housing strategy

[Nancy_s soothsayer]

SD Realtor,

The Cure I suggested, though very concise and direct to the point, is with no emotion, VERY SHORT ON RHETORIC, and is full of logic. I have never seen you post any logical cure whatsoever yet.

[SHILOH]

The Senate, in particular, seems to have turned into a useless millionaires club. Unless they want to start underwriting this bail out campaign with their own personal wealth…they should all shut up.

[SHILOH]

The Senate, in particular, seems to have turned into a useless millionaires club. Unless they want to start underwriting this bail out campaign with their own personal wealth…they should all shut up.

[SHILOH]

The Senate, in particular, seems to have turned into a useless millionaires club. Unless they want to start underwriting this bail out campaign with their own personal wealth…they should all shut up.

[SD Realtor]

Nancy –

I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level. Furthermore I have also said many a time that my worst fear is that the issue will be politicized and that continues to be my worst fear.

“CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.”

So who lays off who? Should the lenders lay off the loan processors and underwriting groups? Or should all the appraisers be fired and then rehired? Perhaps every mortgage broker should be fired by who? Their boss? How about these accountants that you mentioned? Specifically which accountant? Should everyone and Moodys and S&P be fired? Should ever realtor working at Prudential, Coldwell Banker etc be laid off?

Is the intense regulation and oversight you mentioned going to be a federal program? State program? SEC? Homeland security?

Nancy I don’t have a quick logical cure because the the problem is so massive. I don’t like to just make blanket statements, if you read any of my posts they are all made in a cautious manner because that is how I work. I don’t know the quick fix to any of this but I know what is not the quick fix which is any intervention by politicians as well as taxpayer or non taxpayer funding to help out distressed homeowners.

Short of that I think the market correcting on it’s own will take care many (but not all of the issues) that contributed to the problem.

SD Realtor

[SD Realtor]

Nancy –

I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level. Furthermore I have also said many a time that my worst fear is that the issue will be politicized and that continues to be my worst fear.

“CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.”

So who lays off who? Should the lenders lay off the loan processors and underwriting groups? Or should all the appraisers be fired and then rehired? Perhaps every mortgage broker should be fired by who? Their boss? How about these accountants that you mentioned? Specifically which accountant? Should everyone and Moodys and S&P be fired? Should ever realtor working at Prudential, Coldwell Banker etc be laid off?

Is the intense regulation and oversight you mentioned going to be a federal program? State program? SEC? Homeland security?

Nancy I don’t have a quick logical cure because the the problem is so massive. I don’t like to just make blanket statements, if you read any of my posts they are all made in a cautious manner because that is how I work. I don’t know the quick fix to any of this but I know what is not the quick fix which is any intervention by politicians as well as taxpayer or non taxpayer funding to help out distressed homeowners.

Short of that I think the market correcting on it’s own will take care many (but not all of the issues) that contributed to the problem.

SD Realtor

[SD Realtor]

Nancy –

I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level. Furthermore I have also said many a time that my worst fear is that the issue will be politicized and that continues to be my worst fear.

“CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.”

So who lays off who? Should the lenders lay off the loan processors and underwriting groups? Or should all the appraisers be fired and then rehired? Perhaps every mortgage broker should be fired by who? Their boss? How about these accountants that you mentioned? Specifically which accountant? Should everyone and Moodys and S&P be fired? Should ever realtor working at Prudential, Coldwell Banker etc be laid off?

Is the intense regulation and oversight you mentioned going to be a federal program? State program? SEC? Homeland security?

Nancy I don’t have a quick logical cure because the the problem is so massive. I don’t like to just make blanket statements, if you read any of my posts they are all made in a cautious manner because that is how I work. I don’t know the quick fix to any of this but I know what is not the quick fix which is any intervention by politicians as well as taxpayer or non taxpayer funding to help out distressed homeowners.

Short of that I think the market correcting on it’s own will take care many (but not all of the issues) that contributed to the problem.

SD Realtor

[Nancy_s soothsayer]

“I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level.”

I’m tired of long rhetoric, myself.

The result of free-wheeling markets of unfettered capitalism and absent or ineffective regulation or oversight (i.e., useless accountants, auditors, or ratings agencies) is the cluster-fraud we are witnessing today. Nice logic, SD Realtor. I hope you can troll for more future overborrowed buyers in the future.

Goodbye, everyone.

[Nancy_s soothsayer]

“I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level.”

I’m tired of long rhetoric, myself.

The result of free-wheeling markets of unfettered capitalism and absent or ineffective regulation or oversight (i.e., useless accountants, auditors, or ratings agencies) is the cluster-fraud we are witnessing today. Nice logic, SD Realtor. I hope you can troll for more future overborrowed buyers in the future.

Goodbye, everyone.

[Nancy_s soothsayer]

“I have said over and over again is that the cure is to let the market go through what it needs to go through without and federal or state intervention at any level.”

I’m tired of long rhetoric, myself.

The result of free-wheeling markets of unfettered capitalism and absent or ineffective regulation or oversight (i.e., useless accountants, auditors, or ratings agencies) is the cluster-fraud we are witnessing today. Nice logic, SD Realtor. I hope you can troll for more future overborrowed buyers in the future.

Goodbye, everyone.

[sdrealtor]

Nancy,
other guy here. Just curious didnt you sell at the top in CA and move to Texas with bubblay profits?

[sdrealtor]

Nancy,
other guy here. Just curious didnt you sell at the top in CA and move to Texas with bubblay profits?

[sdrealtor]

Nancy,
other guy here. Just curious didnt you sell at the top in CA and move to Texas with bubblay profits?

[asragov]

The always excellent Roubini Global Economics Monitor has been explaining this crisis as a problem of solvency, not liquidity:

http://www.rgemonitor.com/blog/roubini/209779/

It is hard to imagine any bailout that the banks will go along with, if it will only help the consumer. I expect that the bailout of everyone would be politically impossible, as it would be too huge.

Originally used by Bill Gross at PIMCO, “the constipated owl” (where nothing is moving) is a great expression for the current state of the credit markets:

http://www.rgemonitor.com/blog/roubini/211387

[asragov]

The always excellent Roubini Global Economics Monitor has been explaining this crisis as a problem of solvency, not liquidity:

http://www.rgemonitor.com/blog/roubini/209779/

It is hard to imagine any bailout that the banks will go along with, if it will only help the consumer. I expect that the bailout of everyone would be politically impossible, as it would be too huge.

Originally used by Bill Gross at PIMCO, “the constipated owl” (where nothing is moving) is a great expression for the current state of the credit markets:

http://www.rgemonitor.com/blog/roubini/211387

[Author]

Posts