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denverite
ParticipantThe banks are the government, the government are the banks. This is a truly scary, but a realistic possibility/probability. Suppose that the government adopts a long-term stategy of bank bailouts as policy. This is becoming more real/likely by the day. The banks LOVE high RE prices. They make TONS of money. They are used to it. The government is used to banks making obscene profits. Why change anything?
The government may continue to give bailouts for 5-7 years, or until the banks are happy with their situation. This may continue until 1) foreign creditors decide they have had enough and/or 2) inflation catches up with the bad bets the banks made. Either way we seem to be hosed.
I hope Mr. Mortgage is correct in his assessment!
ParticipantThe banks are the government, the government are the banks. This is a truly scary, but a realistic possibility/probability. Suppose that the government adopts a long-term stategy of bank bailouts as policy. This is becoming more real/likely by the day. The banks LOVE high RE prices. They make TONS of money. They are used to it. The government is used to banks making obscene profits. Why change anything?
The government may continue to give bailouts for 5-7 years, or until the banks are happy with their situation. This may continue until 1) foreign creditors decide they have had enough and/or 2) inflation catches up with the bad bets the banks made. Either way we seem to be hosed.
I hope Mr. Mortgage is correct in his assessment!
ParticipantThe banks are the government, the government are the banks. This is a truly scary, but a realistic possibility/probability. Suppose that the government adopts a long-term stategy of bank bailouts as policy. This is becoming more real/likely by the day. The banks LOVE high RE prices. They make TONS of money. They are used to it. The government is used to banks making obscene profits. Why change anything?
The government may continue to give bailouts for 5-7 years, or until the banks are happy with their situation. This may continue until 1) foreign creditors decide they have had enough and/or 2) inflation catches up with the bad bets the banks made. Either way we seem to be hosed.
I hope Mr. Mortgage is correct in his assessment!
ParticipantThe banks are the government, the government are the banks. This is a truly scary, but a realistic possibility/probability. Suppose that the government adopts a long-term stategy of bank bailouts as policy. This is becoming more real/likely by the day. The banks LOVE high RE prices. They make TONS of money. They are used to it. The government is used to banks making obscene profits. Why change anything?
The government may continue to give bailouts for 5-7 years, or until the banks are happy with their situation. This may continue until 1) foreign creditors decide they have had enough and/or 2) inflation catches up with the bad bets the banks made. Either way we seem to be hosed.
I hope Mr. Mortgage is correct in his assessment!
ParticipantRegarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
ParticipantRegarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
ParticipantRegarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
ParticipantRegarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
ParticipantRegarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
ParticipantRe: the five reasons banks are not lending…
The banks are correctly assuming that the RE market will further deteriorate. Even if they have the so-called “bad assets” expunged from their books, more bad assets are being created in real time. They know that the Alt-A and current/future loans will create more toxic assets that they might have to eat.
ParticipantRe: the five reasons banks are not lending…
The banks are correctly assuming that the RE market will further deteriorate. Even if they have the so-called “bad assets” expunged from their books, more bad assets are being created in real time. They know that the Alt-A and current/future loans will create more toxic assets that they might have to eat.
ParticipantRe: the five reasons banks are not lending…
The banks are correctly assuming that the RE market will further deteriorate. Even if they have the so-called “bad assets” expunged from their books, more bad assets are being created in real time. They know that the Alt-A and current/future loans will create more toxic assets that they might have to eat.
ParticipantRe: the five reasons banks are not lending…
The banks are correctly assuming that the RE market will further deteriorate. Even if they have the so-called “bad assets” expunged from their books, more bad assets are being created in real time. They know that the Alt-A and current/future loans will create more toxic assets that they might have to eat.
ParticipantRe: the five reasons banks are not lending…
The banks are correctly assuming that the RE market will further deteriorate. Even if they have the so-called “bad assets” expunged from their books, more bad assets are being created in real time. They know that the Alt-A and current/future loans will create more toxic assets that they might have to eat.
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