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ParticipantNothing new in this, and as Navydoc says, it skimped over a few things. Good questions were asked and the fun was in seeing how interviewees squirmed on their seats. Two poignant moments; one when a Bears Stearns employee responsible for structuring CDOs was asked if he felt responsible or guilty …a long and very pregnant pause ensued. The other when Greenspan finished off with, “It doesn’t work”. It’s not totally clear whether he was referring to the free market, or aspects of the crisis, but his wily summing-up put it down to the human condition, (for which one is therefore to assume there are no apologies). I felt his placating timbre –notwithstanding the imperfections of the system etc, and it should be viewed within the framework of its success in eliminating poverty to many people, is not much consolation to many. Lucky for him, we’re brought up that it’s wrong to hit an old dog.
ParticipantNothing new in this, and as Navydoc says, it skimped over a few things. Good questions were asked and the fun was in seeing how interviewees squirmed on their seats. Two poignant moments; one when a Bears Stearns employee responsible for structuring CDOs was asked if he felt responsible or guilty …a long and very pregnant pause ensued. The other when Greenspan finished off with, “It doesn’t work”. It’s not totally clear whether he was referring to the free market, or aspects of the crisis, but his wily summing-up put it down to the human condition, (for which one is therefore to assume there are no apologies). I felt his placating timbre –notwithstanding the imperfections of the system etc, and it should be viewed within the framework of its success in eliminating poverty to many people, is not much consolation to many. Lucky for him, we’re brought up that it’s wrong to hit an old dog.
ParticipantNothing new in this, and as Navydoc says, it skimped over a few things. Good questions were asked and the fun was in seeing how interviewees squirmed on their seats. Two poignant moments; one when a Bears Stearns employee responsible for structuring CDOs was asked if he felt responsible or guilty …a long and very pregnant pause ensued. The other when Greenspan finished off with, “It doesn’t work”. It’s not totally clear whether he was referring to the free market, or aspects of the crisis, but his wily summing-up put it down to the human condition, (for which one is therefore to assume there are no apologies). I felt his placating timbre –notwithstanding the imperfections of the system etc, and it should be viewed within the framework of its success in eliminating poverty to many people, is not much consolation to many. Lucky for him, we’re brought up that it’s wrong to hit an old dog.
ParticipantNothing new in this, and as Navydoc says, it skimped over a few things. Good questions were asked and the fun was in seeing how interviewees squirmed on their seats. Two poignant moments; one when a Bears Stearns employee responsible for structuring CDOs was asked if he felt responsible or guilty …a long and very pregnant pause ensued. The other when Greenspan finished off with, “It doesn’t work”. It’s not totally clear whether he was referring to the free market, or aspects of the crisis, but his wily summing-up put it down to the human condition, (for which one is therefore to assume there are no apologies). I felt his placating timbre –notwithstanding the imperfections of the system etc, and it should be viewed within the framework of its success in eliminating poverty to many people, is not much consolation to many. Lucky for him, we’re brought up that it’s wrong to hit an old dog.
ParticipantIt will be interesting to see who has bought the advertising slots during the broadcast.
ParticipantIt will be interesting to see who has bought the advertising slots during the broadcast.
ParticipantIt will be interesting to see who has bought the advertising slots during the broadcast.
ParticipantIt will be interesting to see who has bought the advertising slots during the broadcast.
ParticipantIt will be interesting to see who has bought the advertising slots during the broadcast.
Participant[quote=poorsaver]I live in one of the so called “high end” neighborhoods, eastern LA county, and let me tell you I’ve been waiting it out by renting for over three years now, with no luck. In fact, just this last week, two properties just sold at prices near 2M. Prices are off at most 5-10 percent from peaks. The house across from me sold last year in two days for full asking price of 2.2M. I’m going to give it until my lease comes up in December, but if prices don’t fold by then, I might just give up and head to San Diego.[/quote]
Poorsaver, your same as me then. I am amazed to see areas in LA, such as Sierra Madre, Pasadena, San Marino that are still putting homes on the market for more than they were purchased for during the peak. Having said that I have also seen many homes sit on the market for months, and are eventually removed. There’s probably more stupid money in LA than SD, but apart from isolated cases I very much doubt this is the rule, more the exception. People tend to have the heads in the sand in LA, but the reality usually catches up.
Participant[quote=poorsaver]I live in one of the so called “high end” neighborhoods, eastern LA county, and let me tell you I’ve been waiting it out by renting for over three years now, with no luck. In fact, just this last week, two properties just sold at prices near 2M. Prices are off at most 5-10 percent from peaks. The house across from me sold last year in two days for full asking price of 2.2M. I’m going to give it until my lease comes up in December, but if prices don’t fold by then, I might just give up and head to San Diego.[/quote]
Poorsaver, your same as me then. I am amazed to see areas in LA, such as Sierra Madre, Pasadena, San Marino that are still putting homes on the market for more than they were purchased for during the peak. Having said that I have also seen many homes sit on the market for months, and are eventually removed. There’s probably more stupid money in LA than SD, but apart from isolated cases I very much doubt this is the rule, more the exception. People tend to have the heads in the sand in LA, but the reality usually catches up.
Participant[quote=poorsaver]I live in one of the so called “high end” neighborhoods, eastern LA county, and let me tell you I’ve been waiting it out by renting for over three years now, with no luck. In fact, just this last week, two properties just sold at prices near 2M. Prices are off at most 5-10 percent from peaks. The house across from me sold last year in two days for full asking price of 2.2M. I’m going to give it until my lease comes up in December, but if prices don’t fold by then, I might just give up and head to San Diego.[/quote]
Poorsaver, your same as me then. I am amazed to see areas in LA, such as Sierra Madre, Pasadena, San Marino that are still putting homes on the market for more than they were purchased for during the peak. Having said that I have also seen many homes sit on the market for months, and are eventually removed. There’s probably more stupid money in LA than SD, but apart from isolated cases I very much doubt this is the rule, more the exception. People tend to have the heads in the sand in LA, but the reality usually catches up.
Participant[quote=poorsaver]I live in one of the so called “high end” neighborhoods, eastern LA county, and let me tell you I’ve been waiting it out by renting for over three years now, with no luck. In fact, just this last week, two properties just sold at prices near 2M. Prices are off at most 5-10 percent from peaks. The house across from me sold last year in two days for full asking price of 2.2M. I’m going to give it until my lease comes up in December, but if prices don’t fold by then, I might just give up and head to San Diego.[/quote]
Poorsaver, your same as me then. I am amazed to see areas in LA, such as Sierra Madre, Pasadena, San Marino that are still putting homes on the market for more than they were purchased for during the peak. Having said that I have also seen many homes sit on the market for months, and are eventually removed. There’s probably more stupid money in LA than SD, but apart from isolated cases I very much doubt this is the rule, more the exception. People tend to have the heads in the sand in LA, but the reality usually catches up.
Participant[quote=poorsaver]I live in one of the so called “high end” neighborhoods, eastern LA county, and let me tell you I’ve been waiting it out by renting for over three years now, with no luck. In fact, just this last week, two properties just sold at prices near 2M. Prices are off at most 5-10 percent from peaks. The house across from me sold last year in two days for full asking price of 2.2M. I’m going to give it until my lease comes up in December, but if prices don’t fold by then, I might just give up and head to San Diego.[/quote]
Poorsaver, your same as me then. I am amazed to see areas in LA, such as Sierra Madre, Pasadena, San Marino that are still putting homes on the market for more than they were purchased for during the peak. Having said that I have also seen many homes sit on the market for months, and are eventually removed. There’s probably more stupid money in LA than SD, but apart from isolated cases I very much doubt this is the rule, more the exception. People tend to have the heads in the sand in LA, but the reality usually catches up.
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