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July 7, 2009 at 12:32 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426574July 7, 2009 at 12:32 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426859
CricketOnTheHearth
ParticipantI agree, when you trade them around like this they become a kind of security.
Also, given the cluster-[censored] that our state budget process is, I think the risk on these things is underestimated and even 85% of face value is too much to pay.
If the 2/3 rule gets abolished, anybody sitting on a wad of these could be sitting pretty though.
July 7, 2009 at 12:32 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426931ParticipantI agree, when you trade them around like this they become a kind of security.
Also, given the cluster-[censored] that our state budget process is, I think the risk on these things is underestimated and even 85% of face value is too much to pay.
If the 2/3 rule gets abolished, anybody sitting on a wad of these could be sitting pretty though.
July 7, 2009 at 12:32 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #427093ParticipantI agree, when you trade them around like this they become a kind of security.
Also, given the cluster-[censored] that our state budget process is, I think the risk on these things is underestimated and even 85% of face value is too much to pay.
If the 2/3 rule gets abolished, anybody sitting on a wad of these could be sitting pretty though.
ParticipantI smell a big rat.
Of the black-and-white striped kind.
I work for Fortune 500 company and we don’t buy our stuff through a one-horse intermediary, we buy direct from the producers.
I agree with the other posters… smells like a S.C.A.M.
ParticipantI smell a big rat.
Of the black-and-white striped kind.
I work for Fortune 500 company and we don’t buy our stuff through a one-horse intermediary, we buy direct from the producers.
I agree with the other posters… smells like a S.C.A.M.
ParticipantI smell a big rat.
Of the black-and-white striped kind.
I work for Fortune 500 company and we don’t buy our stuff through a one-horse intermediary, we buy direct from the producers.
I agree with the other posters… smells like a S.C.A.M.
ParticipantI smell a big rat.
Of the black-and-white striped kind.
I work for Fortune 500 company and we don’t buy our stuff through a one-horse intermediary, we buy direct from the producers.
I agree with the other posters… smells like a S.C.A.M.
ParticipantI smell a big rat.
Of the black-and-white striped kind.
I work for Fortune 500 company and we don’t buy our stuff through a one-horse intermediary, we buy direct from the producers.
I agree with the other posters… smells like a S.C.A.M.
Participantoh, and h/t Calculated Risk (I’m pretty sure) for the Healdsburg Housing Bubble link.
Participantoh, and h/t Calculated Risk (I’m pretty sure) for the Healdsburg Housing Bubble link.
Participantoh, and h/t Calculated Risk (I’m pretty sure) for the Healdsburg Housing Bubble link.
Participantoh, and h/t Calculated Risk (I’m pretty sure) for the Healdsburg Housing Bubble link.
Participantoh, and h/t Calculated Risk (I’m pretty sure) for the Healdsburg Housing Bubble link.
Participantsdrealtor– could you please detail a couple examples of where Mr. Mortgage has “confirmation bias” and “holes” in his argument? I’d like to see.
Mr. Mortgage certainly tells me what I want to hear (yes, I admit my bias), but Mish, who i consider a guy who knows what he’s talking about, also quotes him, apparently with a straight face.
Temeculaguy, ForeclosureRadar.com appears to be a kind of tracking site for realtors, sort of a Zillow for foreclosures.
Much of Mr. Mortgage’s argument hinges on the “upcoming wave of Alt-A resets,” but Healdsburg Housing Bubble points out what he considers to be a major flaw in that Credit Suisse resets chart that’s been floating around the Web for 2 years. In fact the Healdsburg guy goes on to argue that Wells’ portfolio of Option ARMs (admittedly not the same thing as Alt-A’s) may not recast until 2014… or maybe ever.
Comments, dissections, analyses?
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