Shumer Dodd and Durbin are at it again

[DWCAP]

[quote=Nor-LA-SD-guy]
I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[/quote]

This wont assist them. I have a feeling this will only address a first home, and not “investment houses”. They may be able to save one, but not all of them.

[Arraya]

This just wreaks of desperation by the banker class that Schumer and Dodd represent.

This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.

Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.

These people are not rational. These people are running the country. This is not good.

Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.

Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.

[Arraya]

This just wreaks of desperation by the banker class that Schumer and Dodd represent.

This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.

Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.

These people are not rational. These people are running the country. This is not good.

Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.

Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.

[Arraya]

This just wreaks of desperation by the banker class that Schumer and Dodd represent.

This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.

Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.

These people are not rational. These people are running the country. This is not good.

Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.

Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.

[Arraya]

This just wreaks of desperation by the banker class that Schumer and Dodd represent.

This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.

Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.

These people are not rational. These people are running the country. This is not good.

Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.

Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.

[Arraya]

This just wreaks of desperation by the banker class that Schumer and Dodd represent.

This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.

Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.

These people are not rational. These people are running the country. This is not good.

Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.

Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.

[patientrenter]

[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]

Stability. Definition:

I borrow money and buy assets.

If asset prices go up, I get rich.

If asset prices go down, I don’t lose much.

Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.

[patientrenter]

[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]

Stability. Definition:

I borrow money and buy assets.

If asset prices go up, I get rich.

If asset prices go down, I don’t lose much.

Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.

[patientrenter]

[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]

Stability. Definition:

I borrow money and buy assets.

If asset prices go up, I get rich.

If asset prices go down, I don’t lose much.

Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.

[patientrenter]

[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]

Stability. Definition:

I borrow money and buy assets.

If asset prices go up, I get rich.

If asset prices go down, I don’t lose much.

Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.

[patientrenter]

[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]

Stability. Definition:

I borrow money and buy assets.

If asset prices go up, I get rich.

If asset prices go down, I don’t lose much.

Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.

[bsrsharma]

Someone has to pay

That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.

[bsrsharma]

Someone has to pay

That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.

[bsrsharma]

Someone has to pay

That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.

[bsrsharma]

Someone has to pay

That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.

[Author]

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