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April 16, 2010 at 8:05 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540332April 16, 2010 at 8:05 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540602
Hobie
ParticipantDon’t forget President Carter started with mandates to provide non discrimination and affordable housing in 1978(?). This, I believe is the tip of the arrow which got this snowball rolling.
The banks, fed, etc. all recognized they could make money with the gov backing the risky loans. The rest of the story is simply reaction to this policy.
ParticipantBet its a broiling rack for steaks in the oven.
Before gas grills were the norm BBQing involved the ‘Patiomaster’ and charcoal. Job for the guys, not the wife. And everyone ate meat 😉
So this thing allows the broiler to seer and caramelize with flame and not let the meat sit in its juice like a roast. The two protrusions were probably for a wooden handle and would be placed in a special pan to collect drippings.
(I’m craving steak and eggs for breakfast now.)
ParticipantBet its a broiling rack for steaks in the oven.
Before gas grills were the norm BBQing involved the ‘Patiomaster’ and charcoal. Job for the guys, not the wife. And everyone ate meat 😉
So this thing allows the broiler to seer and caramelize with flame and not let the meat sit in its juice like a roast. The two protrusions were probably for a wooden handle and would be placed in a special pan to collect drippings.
(I’m craving steak and eggs for breakfast now.)
ParticipantBet its a broiling rack for steaks in the oven.
Before gas grills were the norm BBQing involved the ‘Patiomaster’ and charcoal. Job for the guys, not the wife. And everyone ate meat 😉
So this thing allows the broiler to seer and caramelize with flame and not let the meat sit in its juice like a roast. The two protrusions were probably for a wooden handle and would be placed in a special pan to collect drippings.
(I’m craving steak and eggs for breakfast now.)
ParticipantBet its a broiling rack for steaks in the oven.
Before gas grills were the norm BBQing involved the ‘Patiomaster’ and charcoal. Job for the guys, not the wife. And everyone ate meat 😉
So this thing allows the broiler to seer and caramelize with flame and not let the meat sit in its juice like a roast. The two protrusions were probably for a wooden handle and would be placed in a special pan to collect drippings.
(I’m craving steak and eggs for breakfast now.)
ParticipantBet its a broiling rack for steaks in the oven.
Before gas grills were the norm BBQing involved the ‘Patiomaster’ and charcoal. Job for the guys, not the wife. And everyone ate meat 😉
So this thing allows the broiler to seer and caramelize with flame and not let the meat sit in its juice like a roast. The two protrusions were probably for a wooden handle and would be placed in a special pan to collect drippings.
(I’m craving steak and eggs for breakfast now.)
April 8, 2010 at 4:52 AM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537099Participant[quote=mike92104]I’m also wondering if the housing market has been sufficiently “decoupled” from the rest of the economy to finally allow prices to fall. Same idea as the private debt to public debt theory. I don’t think a sudden drop in housing prices today would do nearly as much damage to the economy since everyone has had two years to get their sh&* together. This along with the article about BoA increasing foreclosure dramatically in interesting.[/quote]
Don’t overlook the emotional factor. Personal housing is now the last bastion of ‘hope’. People have much value in their investments, may be out of work, uncertain future, etc. If the administration allows housing to correct too fast they know its the end of their majority political power.
April 8, 2010 at 4:52 AM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537223Participant[quote=mike92104]I’m also wondering if the housing market has been sufficiently “decoupled” from the rest of the economy to finally allow prices to fall. Same idea as the private debt to public debt theory. I don’t think a sudden drop in housing prices today would do nearly as much damage to the economy since everyone has had two years to get their sh&* together. This along with the article about BoA increasing foreclosure dramatically in interesting.[/quote]
Don’t overlook the emotional factor. Personal housing is now the last bastion of ‘hope’. People have much value in their investments, may be out of work, uncertain future, etc. If the administration allows housing to correct too fast they know its the end of their majority political power.
April 8, 2010 at 4:52 AM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537684Participant[quote=mike92104]I’m also wondering if the housing market has been sufficiently “decoupled” from the rest of the economy to finally allow prices to fall. Same idea as the private debt to public debt theory. I don’t think a sudden drop in housing prices today would do nearly as much damage to the economy since everyone has had two years to get their sh&* together. This along with the article about BoA increasing foreclosure dramatically in interesting.[/quote]
Don’t overlook the emotional factor. Personal housing is now the last bastion of ‘hope’. People have much value in their investments, may be out of work, uncertain future, etc. If the administration allows housing to correct too fast they know its the end of their majority political power.
April 8, 2010 at 4:52 AM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537782Participant[quote=mike92104]I’m also wondering if the housing market has been sufficiently “decoupled” from the rest of the economy to finally allow prices to fall. Same idea as the private debt to public debt theory. I don’t think a sudden drop in housing prices today would do nearly as much damage to the economy since everyone has had two years to get their sh&* together. This along with the article about BoA increasing foreclosure dramatically in interesting.[/quote]
Don’t overlook the emotional factor. Personal housing is now the last bastion of ‘hope’. People have much value in their investments, may be out of work, uncertain future, etc. If the administration allows housing to correct too fast they know its the end of their majority political power.
April 8, 2010 at 4:52 AM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #538048Participant[quote=mike92104]I’m also wondering if the housing market has been sufficiently “decoupled” from the rest of the economy to finally allow prices to fall. Same idea as the private debt to public debt theory. I don’t think a sudden drop in housing prices today would do nearly as much damage to the economy since everyone has had two years to get their sh&* together. This along with the article about BoA increasing foreclosure dramatically in interesting.[/quote]
Don’t overlook the emotional factor. Personal housing is now the last bastion of ‘hope’. People have much value in their investments, may be out of work, uncertain future, etc. If the administration allows housing to correct too fast they know its the end of their majority political power.
Participant[quote=meadandale]”I don’t care what you think my car is worth, your insured caused the accident and you need to make me whole.”. [/quote]
This is the correct position to take. They will insist they will only pay blue book. Stand your ground.
And don’t forget your medical expenses. I understand some medical problems take weeks to manifest symptoms.
It may be wise to consult/retain an attorney.
Truly glad you are safe and not in a hospital.
Participant[quote=meadandale]”I don’t care what you think my car is worth, your insured caused the accident and you need to make me whole.”. [/quote]
This is the correct position to take. They will insist they will only pay blue book. Stand your ground.
And don’t forget your medical expenses. I understand some medical problems take weeks to manifest symptoms.
It may be wise to consult/retain an attorney.
Truly glad you are safe and not in a hospital.
Participant[quote=meadandale]”I don’t care what you think my car is worth, your insured caused the accident and you need to make me whole.”. [/quote]
This is the correct position to take. They will insist they will only pay blue book. Stand your ground.
And don’t forget your medical expenses. I understand some medical problems take weeks to manifest symptoms.
It may be wise to consult/retain an attorney.
Truly glad you are safe and not in a hospital.
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