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CricketOnTheHearth
Participant“Here’s a cookie, now do as we say.”
Yah, that’ll work. Not.
Israel is just to important strategically for us to weaken it… and division, unless done extremely carefully, would weaken it because it is just so small. (Maybe 2X the size of Riverside County, if that).
After seeing a relief picture of the Golan Heights and how thoroughly they overlook something like the northern 1/3 of Israel, I can see why the Israelis occupied them.
The original (1946) partition of Israel was a joke– indefensible Swiss cheese. And when immediately forced to defend, the Israelis fixed that pretty quick.
No surprise to me the Israelis are very, very sensitive to tactical/strategic threats to them. They just don’t have the margin of distance a Russia or US has.
Participant“Here’s a cookie, now do as we say.”
Yah, that’ll work. Not.
Israel is just to important strategically for us to weaken it… and division, unless done extremely carefully, would weaken it because it is just so small. (Maybe 2X the size of Riverside County, if that).
After seeing a relief picture of the Golan Heights and how thoroughly they overlook something like the northern 1/3 of Israel, I can see why the Israelis occupied them.
The original (1946) partition of Israel was a joke– indefensible Swiss cheese. And when immediately forced to defend, the Israelis fixed that pretty quick.
No surprise to me the Israelis are very, very sensitive to tactical/strategic threats to them. They just don’t have the margin of distance a Russia or US has.
Participant“Here’s a cookie, now do as we say.”
Yah, that’ll work. Not.
Israel is just to important strategically for us to weaken it… and division, unless done extremely carefully, would weaken it because it is just so small. (Maybe 2X the size of Riverside County, if that).
After seeing a relief picture of the Golan Heights and how thoroughly they overlook something like the northern 1/3 of Israel, I can see why the Israelis occupied them.
The original (1946) partition of Israel was a joke– indefensible Swiss cheese. And when immediately forced to defend, the Israelis fixed that pretty quick.
No surprise to me the Israelis are very, very sensitive to tactical/strategic threats to them. They just don’t have the margin of distance a Russia or US has.
Participant“…Losses of $55 billion just on mortgage servicing. In just the 4 biggest banks. Sounds promising, doesn’t it? But they’ll survive, no matter what their losses. Too big to fail and all that.
Sorry, Joe Blow, but the peace prize winner deems it necessary that you, who can’t afford a home anymore or get a loan to buy one, fork over for those who can.”
If this meme makes it onto the street in any kind of a big way he is toast.
“…Supporting homeowners is of course not a bad thing in itself, But if you pay attention, you can see that’s not what the government is doing. It’s supporting the banks on Tim Geithner’s speed-dial instead, under the guise of homeowner support, and all the losses will be transferred to you, while most owners will lose their property and/or equity regardless.”
Owtch!!
Participant“…Losses of $55 billion just on mortgage servicing. In just the 4 biggest banks. Sounds promising, doesn’t it? But they’ll survive, no matter what their losses. Too big to fail and all that.
Sorry, Joe Blow, but the peace prize winner deems it necessary that you, who can’t afford a home anymore or get a loan to buy one, fork over for those who can.”
If this meme makes it onto the street in any kind of a big way he is toast.
“…Supporting homeowners is of course not a bad thing in itself, But if you pay attention, you can see that’s not what the government is doing. It’s supporting the banks on Tim Geithner’s speed-dial instead, under the guise of homeowner support, and all the losses will be transferred to you, while most owners will lose their property and/or equity regardless.”
Owtch!!
Participant“…Losses of $55 billion just on mortgage servicing. In just the 4 biggest banks. Sounds promising, doesn’t it? But they’ll survive, no matter what their losses. Too big to fail and all that.
Sorry, Joe Blow, but the peace prize winner deems it necessary that you, who can’t afford a home anymore or get a loan to buy one, fork over for those who can.”
If this meme makes it onto the street in any kind of a big way he is toast.
“…Supporting homeowners is of course not a bad thing in itself, But if you pay attention, you can see that’s not what the government is doing. It’s supporting the banks on Tim Geithner’s speed-dial instead, under the guise of homeowner support, and all the losses will be transferred to you, while most owners will lose their property and/or equity regardless.”
Owtch!!
Participant“…Losses of $55 billion just on mortgage servicing. In just the 4 biggest banks. Sounds promising, doesn’t it? But they’ll survive, no matter what their losses. Too big to fail and all that.
Sorry, Joe Blow, but the peace prize winner deems it necessary that you, who can’t afford a home anymore or get a loan to buy one, fork over for those who can.”
If this meme makes it onto the street in any kind of a big way he is toast.
“…Supporting homeowners is of course not a bad thing in itself, But if you pay attention, you can see that’s not what the government is doing. It’s supporting the banks on Tim Geithner’s speed-dial instead, under the guise of homeowner support, and all the losses will be transferred to you, while most owners will lose their property and/or equity regardless.”
Owtch!!
Participant“…Losses of $55 billion just on mortgage servicing. In just the 4 biggest banks. Sounds promising, doesn’t it? But they’ll survive, no matter what their losses. Too big to fail and all that.
Sorry, Joe Blow, but the peace prize winner deems it necessary that you, who can’t afford a home anymore or get a loan to buy one, fork over for those who can.”
If this meme makes it onto the street in any kind of a big way he is toast.
“…Supporting homeowners is of course not a bad thing in itself, But if you pay attention, you can see that’s not what the government is doing. It’s supporting the banks on Tim Geithner’s speed-dial instead, under the guise of homeowner support, and all the losses will be transferred to you, while most owners will lose their property and/or equity regardless.”
Owtch!!
ParticipantThey “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.
Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.
Kinda sounds like renting…
ParticipantThey “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.
Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.
Kinda sounds like renting…
ParticipantThey “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.
Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.
Kinda sounds like renting…
ParticipantThey “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.
Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.
Kinda sounds like renting…
ParticipantThey “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.
Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.
Kinda sounds like renting…
ParticipantMeteor.
Submitted by jpinpb on October 12, 2009 – 5:11pm.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
So my money’s on the meteor.
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