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bubba99
ParticipantAlthough lending directly to distressed businesss and other borrowers would solve the main problem, it would fail to address the real issue that Secretary Paulson is trying fix:
– Preserve the value of his Goldman stock and Options
Or the real issue the House Banking Committee is trying to address:
– 15 or so members from the NY CT Ma area scarred to death that Wall Street Revenues (tax and payroll)will not reach the various cities in the area.
bubba99
ParticipantAlthough lending directly to distressed businesss and other borrowers would solve the main problem, it would fail to address the real issue that Secretary Paulson is trying fix:
– Preserve the value of his Goldman stock and Options
Or the real issue the House Banking Committee is trying to address:
– 15 or so members from the NY CT Ma area scarred to death that Wall Street Revenues (tax and payroll)will not reach the various cities in the area.
bubba99
ParticipantThe only tool that RTC2 will have to stabalize housing prices is to manage the interest rates on loans. If they lower the interest rate to 1 or 2% on the troubled CMO’s, presto the mortgage gets paid even though the principal is twice the market value. Two times the cost at half the rate is just about right.
bubba99
ParticipantThe only tool that RTC2 will have to stabalize housing prices is to manage the interest rates on loans. If they lower the interest rate to 1 or 2% on the troubled CMO’s, presto the mortgage gets paid even though the principal is twice the market value. Two times the cost at half the rate is just about right.
bubba99
ParticipantThe only tool that RTC2 will have to stabalize housing prices is to manage the interest rates on loans. If they lower the interest rate to 1 or 2% on the troubled CMO’s, presto the mortgage gets paid even though the principal is twice the market value. Two times the cost at half the rate is just about right.
bubba99
ParticipantThe only tool that RTC2 will have to stabalize housing prices is to manage the interest rates on loans. If they lower the interest rate to 1 or 2% on the troubled CMO’s, presto the mortgage gets paid even though the principal is twice the market value. Two times the cost at half the rate is just about right.
bubba99
ParticipantThe only tool that RTC2 will have to stabalize housing prices is to manage the interest rates on loans. If they lower the interest rate to 1 or 2% on the troubled CMO’s, presto the mortgage gets paid even though the principal is twice the market value. Two times the cost at half the rate is just about right.
September 11, 2008 at 9:58 PM in reply to: Senators want Fannie and Freddie to freeze foreclosures #269202bubba99
ParticipantI love this idea. Take crappy assets, and make them worth even less. Maybe we can make the entire 5 trillion worthless.
How much is a mortgage that doesn’t pay anything on an asset (house) that is worth 30% less than the loan value?. Oh yea, and it has a tenant that doesn’t pay rent and cannot be evicted.
September 11, 2008 at 9:58 PM in reply to: Senators want Fannie and Freddie to freeze foreclosures #269431bubba99
ParticipantI love this idea. Take crappy assets, and make them worth even less. Maybe we can make the entire 5 trillion worthless.
How much is a mortgage that doesn’t pay anything on an asset (house) that is worth 30% less than the loan value?. Oh yea, and it has a tenant that doesn’t pay rent and cannot be evicted.
September 11, 2008 at 9:58 PM in reply to: Senators want Fannie and Freddie to freeze foreclosures #269440bubba99
ParticipantI love this idea. Take crappy assets, and make them worth even less. Maybe we can make the entire 5 trillion worthless.
How much is a mortgage that doesn’t pay anything on an asset (house) that is worth 30% less than the loan value?. Oh yea, and it has a tenant that doesn’t pay rent and cannot be evicted.
September 11, 2008 at 9:58 PM in reply to: Senators want Fannie and Freddie to freeze foreclosures #269487bubba99
ParticipantI love this idea. Take crappy assets, and make them worth even less. Maybe we can make the entire 5 trillion worthless.
How much is a mortgage that doesn’t pay anything on an asset (house) that is worth 30% less than the loan value?. Oh yea, and it has a tenant that doesn’t pay rent and cannot be evicted.
September 11, 2008 at 9:58 PM in reply to: Senators want Fannie and Freddie to freeze foreclosures #269514bubba99
ParticipantI love this idea. Take crappy assets, and make them worth even less. Maybe we can make the entire 5 trillion worthless.
How much is a mortgage that doesn’t pay anything on an asset (house) that is worth 30% less than the loan value?. Oh yea, and it has a tenant that doesn’t pay rent and cannot be evicted.
September 9, 2008 at 9:17 PM in reply to: A sad day for the USA.. Taxpayers take on billions of risk. #268612bubba99
ParticipantWhat we get for our billion is bailouts is we avoid financial armegadon.
The damage was already done. The lax regulation that allowed F and F, and B.S. to become so leveraged and so under funded took the system to the point of explosion. Had there not been a bailout, we would be holding worthless fiat currency that spell disaster for most americans. W
We still face an explosion because most of the big banks are also over leveraged and under reserved. Again we will be faced with more bailouts, or armegadon. Don’t think that the 6 trillion of F and F assets are the whole story. It is the derivitives that will spell disaster if massive counter party failures occur. The various derivitives are closer to 50 trillion.
September 9, 2008 at 9:17 PM in reply to: A sad day for the USA.. Taxpayers take on billions of risk. #268655bubba99
ParticipantWhat we get for our billion is bailouts is we avoid financial armegadon.
The damage was already done. The lax regulation that allowed F and F, and B.S. to become so leveraged and so under funded took the system to the point of explosion. Had there not been a bailout, we would be holding worthless fiat currency that spell disaster for most americans. W
We still face an explosion because most of the big banks are also over leveraged and under reserved. Again we will be faced with more bailouts, or armegadon. Don’t think that the 6 trillion of F and F assets are the whole story. It is the derivitives that will spell disaster if massive counter party failures occur. The various derivitives are closer to 50 trillion.
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