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August 15, 2007 at 11:16 PM in reply to: End Result of this debacle…US financial industry loses face? #76161
HereWeGo
ParticipantThat’s a very good point, radelow, one I have considered for some time. I’ve thought more from the perspective of the American mortgager’s credit, but your focus on the “financials” is probably a better one.
Let’s be honest: savers around the world were fleeced by these organizations. That’s going to take a long while to overcome.
August 15, 2007 at 11:16 PM in reply to: End Result of this debacle…US financial industry loses face? #76280ParticipantThat’s a very good point, radelow, one I have considered for some time. I’ve thought more from the perspective of the American mortgager’s credit, but your focus on the “financials” is probably a better one.
Let’s be honest: savers around the world were fleeced by these organizations. That’s going to take a long while to overcome.
August 15, 2007 at 11:16 PM in reply to: End Result of this debacle…US financial industry loses face? #76282ParticipantThat’s a very good point, radelow, one I have considered for some time. I’ve thought more from the perspective of the American mortgager’s credit, but your focus on the “financials” is probably a better one.
Let’s be honest: savers around the world were fleeced by these organizations. That’s going to take a long while to overcome.
ParticipantOzzie-
I agree that the economy was in good shape, but this top down squeeze will affect Main Street if it continues for much longer, much as you suggested.ParticipantOzzie-
I agree that the economy was in good shape, but this top down squeeze will affect Main Street if it continues for much longer, much as you suggested.ParticipantOzzie-
I agree that the economy was in good shape, but this top down squeeze will affect Main Street if it continues for much longer, much as you suggested.ParticipantYou’d be pissed off if after paying a premium now for a future cash stream, people could just change the terms after your money’s gone, right?
I’d be even more pissed off if the borrower just defaulted on the loan. I might be willing to negotiate if I could salvage a good portion of my premium that would otherwise be lost if the mortgager defaulted.
ParticipantYou’d be pissed off if after paying a premium now for a future cash stream, people could just change the terms after your money’s gone, right?
I’d be even more pissed off if the borrower just defaulted on the loan. I might be willing to negotiate if I could salvage a good portion of my premium that would otherwise be lost if the mortgager defaulted.
ParticipantYou’d be pissed off if after paying a premium now for a future cash stream, people could just change the terms after your money’s gone, right?
I’d be even more pissed off if the borrower just defaulted on the loan. I might be willing to negotiate if I could salvage a good portion of my premium that would otherwise be lost if the mortgager defaulted.
ParticipantI now find myself agreeing that a slowdown is in the cards. I did not agree with the whole MEW-consumer slowdown-etcetc bottom-up recession scenario, but this massive hit to the confidence of the credit markets could indeed squeeze the economy from the top down, especially if the Fed continues to sit on the sidelines. Consumer confidence hit a record high in July; I’d be willing to wager it will take a record 1 month drop from July to August.
ParticipantI now find myself agreeing that a slowdown is in the cards. I did not agree with the whole MEW-consumer slowdown-etcetc bottom-up recession scenario, but this massive hit to the confidence of the credit markets could indeed squeeze the economy from the top down, especially if the Fed continues to sit on the sidelines. Consumer confidence hit a record high in July; I’d be willing to wager it will take a record 1 month drop from July to August.
ParticipantI now find myself agreeing that a slowdown is in the cards. I did not agree with the whole MEW-consumer slowdown-etcetc bottom-up recession scenario, but this massive hit to the confidence of the credit markets could indeed squeeze the economy from the top down, especially if the Fed continues to sit on the sidelines. Consumer confidence hit a record high in July; I’d be willing to wager it will take a record 1 month drop from July to August.
ParticipantSome might want to Google “The Old Gray Lady”
ParticipantSome might want to Google “The Old Gray Lady”
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