[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

strawberryfields,

Credit is difficult in the above $400K realm (and becomes harder as you go up). Many REO sellers have strong preference for cash buyers since they want the certainty of quick closing. I think 2010 may see many REO sales at 2000-01 prices in the above $500K range. High price homes may resemble commercial RE in price dynamics.

[bsrsharma]

strawberryfields,

Credit is difficult in the above $400K realm (and becomes harder as you go up). Many REO sellers have strong preference for cash buyers since they want the certainty of quick closing. I think 2010 may see many REO sales at 2000-01 prices in the above $500K range. High price homes may resemble commercial RE in price dynamics.

[bsrsharma]

strawberryfields,

Credit is difficult in the above $400K realm (and becomes harder as you go up). Many REO sellers have strong preference for cash buyers since they want the certainty of quick closing. I think 2010 may see many REO sales at 2000-01 prices in the above $500K range. High price homes may resemble commercial RE in price dynamics.

[bsrsharma]

strawberryfields,

Credit is difficult in the above $400K realm (and becomes harder as you go up). Many REO sellers have strong preference for cash buyers since they want the certainty of quick closing. I think 2010 may see many REO sales at 2000-01 prices in the above $500K range. High price homes may resemble commercial RE in price dynamics.

[bsrsharma]

strawberryfields,

Credit is difficult in the above $400K realm (and becomes harder as you go up). Many REO sellers have strong preference for cash buyers since they want the certainty of quick closing. I think 2010 may see many REO sales at 2000-01 prices in the above $500K range. High price homes may resemble commercial RE in price dynamics.

[bsrsharma]

Now listed at $830K. Good buy at $500K (round trip at 2000 price). But it may be up to 6 months before bank yields that much, probably to a cash offer.

[bsrsharma]

Now listed at $830K. Good buy at $500K (round trip at 2000 price). But it may be up to 6 months before bank yields that much, probably to a cash offer.

[bsrsharma]

Now listed at $830K. Good buy at $500K (round trip at 2000 price). But it may be up to 6 months before bank yields that much, probably to a cash offer.

[bsrsharma]

Now listed at $830K. Good buy at $500K (round trip at 2000 price). But it may be up to 6 months before bank yields that much, probably to a cash offer.

[bsrsharma]

Now listed at $830K. Good buy at $500K (round trip at 2000 price). But it may be up to 6 months before bank yields that much, probably to a cash offer.

[bsrsharma]

Exactly why is a “FDR style” Bank Holiday needed and what would it achieve?

Differences between then and now:

1. FDIC – no need for bank runs since FDIC pays depositors for insured amounts when banks fail.

2. If FDIC runs short of funds, Treasury will replenish it, if needed with Congress’s approval. See TARP program of 2008 for precedent.

3. Fed has no restraint or constraint of gold backing or convertibility problem of 1930s (or debt of other nations). So liquidity expansion potential is limitless.

4. Bernanke may or may not know many things; but he has written books on Great Depression. So, one thing he won’t do is repeat 1930’s techniques.

I think HSL should bring “More Data” to this Pigg

[bsrsharma]

Exactly why is a “FDR style” Bank Holiday needed and what would it achieve?

Differences between then and now:

1. FDIC – no need for bank runs since FDIC pays depositors for insured amounts when banks fail.

2. If FDIC runs short of funds, Treasury will replenish it, if needed with Congress’s approval. See TARP program of 2008 for precedent.

3. Fed has no restraint or constraint of gold backing or convertibility problem of 1930s (or debt of other nations). So liquidity expansion potential is limitless.

4. Bernanke may or may not know many things; but he has written books on Great Depression. So, one thing he won’t do is repeat 1930’s techniques.

I think HSL should bring “More Data” to this Pigg

[bsrsharma]

Exactly why is a “FDR style” Bank Holiday needed and what would it achieve?

Differences between then and now:

1. FDIC – no need for bank runs since FDIC pays depositors for insured amounts when banks fail.

2. If FDIC runs short of funds, Treasury will replenish it, if needed with Congress’s approval. See TARP program of 2008 for precedent.

3. Fed has no restraint or constraint of gold backing or convertibility problem of 1930s (or debt of other nations). So liquidity expansion potential is limitless.

4. Bernanke may or may not know many things; but he has written books on Great Depression. So, one thing he won’t do is repeat 1930’s techniques.

I think HSL should bring “More Data” to this Pigg

[bsrsharma]

Exactly why is a “FDR style” Bank Holiday needed and what would it achieve?

Differences between then and now:

1. FDIC – no need for bank runs since FDIC pays depositors for insured amounts when banks fail.

2. If FDIC runs short of funds, Treasury will replenish it, if needed with Congress’s approval. See TARP program of 2008 for precedent.

3. Fed has no restraint or constraint of gold backing or convertibility problem of 1930s (or debt of other nations). So liquidity expansion potential is limitless.

4. Bernanke may or may not know many things; but he has written books on Great Depression. So, one thing he won’t do is repeat 1930’s techniques.

I think HSL should bring “More Data” to this Pigg

[Author]

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