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March 19, 2008 at 6:05 PM in reply to: Syron (Freddie Mac CEO) – home price drops only 1/3 of the way done #173857
equalizer
ParticipantI was only commenting on the price and mechanism of the action, not the action itself. As for the Fed being smart, you did read the other thread in which the profs refuted the bubble in 2005, right? Well, one of them is Himmelberg: Senior Economist, Research and Statistics Group, Federal Reserve Bank of New York. New York Fed gave BSC green light then, so they had to support them now.
ParticipantI was only commenting on the price and mechanism of the action, not the action itself. As for the Fed being smart, you did read the other thread in which the profs refuted the bubble in 2005, right? Well, one of them is Himmelberg: Senior Economist, Research and Statistics Group, Federal Reserve Bank of New York. New York Fed gave BSC green light then, so they had to support them now.
ParticipantI was only commenting on the price and mechanism of the action, not the action itself. As for the Fed being smart, you did read the other thread in which the profs refuted the bubble in 2005, right? Well, one of them is Himmelberg: Senior Economist, Research and Statistics Group, Federal Reserve Bank of New York. New York Fed gave BSC green light then, so they had to support them now.
ParticipantI was only commenting on the price and mechanism of the action, not the action itself. As for the Fed being smart, you did read the other thread in which the profs refuted the bubble in 2005, right? Well, one of them is Himmelberg: Senior Economist, Research and Statistics Group, Federal Reserve Bank of New York. New York Fed gave BSC green light then, so they had to support them now.
ParticipantI was only commenting on the price and mechanism of the action, not the action itself. As for the Fed being smart, you did read the other thread in which the profs refuted the bubble in 2005, right? Well, one of them is Himmelberg: Senior Economist, Research and Statistics Group, Federal Reserve Bank of New York. New York Fed gave BSC green light then, so they had to support them now.
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 9:56 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172022ParticipantRich, I just sent the good Dr an email. This beauty in his bio: Ph.D. in Economics, Massachusetts Institute of Technology Dissertation title: “The Effect of Tax Reform on the Owner-Occupied Housing Market”.
Here's my email to him today: (bet he doesnt reply)Hello Professor Sinai, It appears there are myths being posted online that Bear Stearns geniuses used papers like yours to ignore all risks. Obviously, you empathically warned against betting for the sky. And obviously you had no idea that there was rampant fraud in CA and FL and that Bear Stearns execs were ignoring all due diligence as posted in the LA Times: http://www.latimes.com/business/la-fi-subprime17mar17,0,782997.story
Do you have any recent commentary on this matter? Thanks,
March 17, 2008 at 9:56 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172355ParticipantRich, I just sent the good Dr an email. This beauty in his bio: Ph.D. in Economics, Massachusetts Institute of Technology Dissertation title: “The Effect of Tax Reform on the Owner-Occupied Housing Market”.
Here's my email to him today: (bet he doesnt reply)Hello Professor Sinai, It appears there are myths being posted online that Bear Stearns geniuses used papers like yours to ignore all risks. Obviously, you empathically warned against betting for the sky. And obviously you had no idea that there was rampant fraud in CA and FL and that Bear Stearns execs were ignoring all due diligence as posted in the LA Times: http://www.latimes.com/business/la-fi-subprime17mar17,0,782997.story
Do you have any recent commentary on this matter? Thanks,
March 17, 2008 at 9:56 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172360ParticipantRich, I just sent the good Dr an email. This beauty in his bio: Ph.D. in Economics, Massachusetts Institute of Technology Dissertation title: “The Effect of Tax Reform on the Owner-Occupied Housing Market”.
Here's my email to him today: (bet he doesnt reply)Hello Professor Sinai, It appears there are myths being posted online that Bear Stearns geniuses used papers like yours to ignore all risks. Obviously, you empathically warned against betting for the sky. And obviously you had no idea that there was rampant fraud in CA and FL and that Bear Stearns execs were ignoring all due diligence as posted in the LA Times: http://www.latimes.com/business/la-fi-subprime17mar17,0,782997.story
Do you have any recent commentary on this matter? Thanks,
March 17, 2008 at 9:56 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172379ParticipantRich, I just sent the good Dr an email. This beauty in his bio: Ph.D. in Economics, Massachusetts Institute of Technology Dissertation title: “The Effect of Tax Reform on the Owner-Occupied Housing Market”.
Here's my email to him today: (bet he doesnt reply)Hello Professor Sinai, It appears there are myths being posted online that Bear Stearns geniuses used papers like yours to ignore all risks. Obviously, you empathically warned against betting for the sky. And obviously you had no idea that there was rampant fraud in CA and FL and that Bear Stearns execs were ignoring all due diligence as posted in the LA Times: http://www.latimes.com/business/la-fi-subprime17mar17,0,782997.story
Do you have any recent commentary on this matter? Thanks,
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