[barnaby33]

arraya, on the World turned upside down thread I said the same thing. People keep parroting back the party line. Its not really a systemic crisis, until the system fails. If there is a real risk of that, fine come clean about what is happening (and open the books to explain why.)

Josh

[barnaby33]

arraya, on the World turned upside down thread I said the same thing. People keep parroting back the party line. Its not really a systemic crisis, until the system fails. If there is a real risk of that, fine come clean about what is happening (and open the books to explain why.)

Josh

[barnaby33]

arraya, on the World turned upside down thread I said the same thing. People keep parroting back the party line. Its not really a systemic crisis, until the system fails. If there is a real risk of that, fine come clean about what is happening (and open the books to explain why.)

Josh

[barnaby33]

Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.

Josh

[barnaby33]

Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.

Josh

[barnaby33]

Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.

Josh

[barnaby33]

Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.

Josh

[barnaby33]

Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.

Josh

[barnaby33]

If your lender goes bk, you just mail your check to a new address. If your builder goes bk, well home warranties are not getting fulfilled and you’d better hope your home is finished.

Josh

[barnaby33]

If your lender goes bk, you just mail your check to a new address. If your builder goes bk, well home warranties are not getting fulfilled and you’d better hope your home is finished.

Josh

[barnaby33]

If your lender goes bk, you just mail your check to a new address. If your builder goes bk, well home warranties are not getting fulfilled and you’d better hope your home is finished.

Josh

[barnaby33]

If your lender goes bk, you just mail your check to a new address. If your builder goes bk, well home warranties are not getting fulfilled and you’d better hope your home is finished.

Josh

[barnaby33]

If your lender goes bk, you just mail your check to a new address. If your builder goes bk, well home warranties are not getting fulfilled and you’d better hope your home is finished.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[Author]

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