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patientrenter
Participant[quote=Enorah]It is a curious question
Why throw money at ghosts?
I guess we will soon find the answer out.[/quote]
Enorah, AIG took hundreds of billions of dollars from people in return for a promise to pay them something back (like the retirement income from an annuity, or the death benefit from a life insurance policy, or compensation for losses under a home insurance contract, or..). And, yes, some of the contracts AIG made were credit default swaps with hedge funds and other banks etc.
If they fail to make those payments, regular customers will be very angry – and they vote – and more hedge funds and banks and other institutions will lose another fig leaf covering their bankuptcy.
Participant[quote=Enorah]It is a curious question
Why throw money at ghosts?
I guess we will soon find the answer out.[/quote]
Enorah, AIG took hundreds of billions of dollars from people in return for a promise to pay them something back (like the retirement income from an annuity, or the death benefit from a life insurance policy, or compensation for losses under a home insurance contract, or..). And, yes, some of the contracts AIG made were credit default swaps with hedge funds and other banks etc.
If they fail to make those payments, regular customers will be very angry – and they vote – and more hedge funds and banks and other institutions will lose another fig leaf covering their bankuptcy.
Participant[quote=Enorah]It is a curious question
Why throw money at ghosts?
I guess we will soon find the answer out.[/quote]
Enorah, AIG took hundreds of billions of dollars from people in return for a promise to pay them something back (like the retirement income from an annuity, or the death benefit from a life insurance policy, or compensation for losses under a home insurance contract, or..). And, yes, some of the contracts AIG made were credit default swaps with hedge funds and other banks etc.
If they fail to make those payments, regular customers will be very angry – and they vote – and more hedge funds and banks and other institutions will lose another fig leaf covering their bankuptcy.
March 2, 2009 at 5:15 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358770ParticipantMein gott! SD R really gets it all. I can’t believe there is a realtor who can see and speak this clearly. Don’t you feel sometimes that you’re in the wrong profession, SD R? It’s like finding a completely honest, selfless politician: your first instinct is to reach out and save them from their mismatched career choice.
March 2, 2009 at 5:15 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359072ParticipantMein gott! SD R really gets it all. I can’t believe there is a realtor who can see and speak this clearly. Don’t you feel sometimes that you’re in the wrong profession, SD R? It’s like finding a completely honest, selfless politician: your first instinct is to reach out and save them from their mismatched career choice.
March 2, 2009 at 5:15 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359212ParticipantMein gott! SD R really gets it all. I can’t believe there is a realtor who can see and speak this clearly. Don’t you feel sometimes that you’re in the wrong profession, SD R? It’s like finding a completely honest, selfless politician: your first instinct is to reach out and save them from their mismatched career choice.
March 2, 2009 at 5:15 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359248ParticipantMein gott! SD R really gets it all. I can’t believe there is a realtor who can see and speak this clearly. Don’t you feel sometimes that you’re in the wrong profession, SD R? It’s like finding a completely honest, selfless politician: your first instinct is to reach out and save them from their mismatched career choice.
March 2, 2009 at 5:15 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359351ParticipantMein gott! SD R really gets it all. I can’t believe there is a realtor who can see and speak this clearly. Don’t you feel sometimes that you’re in the wrong profession, SD R? It’s like finding a completely honest, selfless politician: your first instinct is to reach out and save them from their mismatched career choice.
Participant[quote=svelte]Well I don’t fall into Group 1 or Group 2, but the very low mortgage rate that the policies of the last 4 months have created have helped my family out A LOT.
We refi’d to a very low fixed interest rate saving us hundreds each month.
Not every program that comes down the pike is going to benefit me directly…[/quote]
svelte gets this about right. Trillions will be directed to homeowners. As a result, they will be better off than they otherwise would by… trillions. Not all will benefit directly from all the programs, but that doesn’t really matter. Even those who never receive a penny directly will benefit from having their home values kept above their free market value.
Participant[quote=svelte]Well I don’t fall into Group 1 or Group 2, but the very low mortgage rate that the policies of the last 4 months have created have helped my family out A LOT.
We refi’d to a very low fixed interest rate saving us hundreds each month.
Not every program that comes down the pike is going to benefit me directly…[/quote]
svelte gets this about right. Trillions will be directed to homeowners. As a result, they will be better off than they otherwise would by… trillions. Not all will benefit directly from all the programs, but that doesn’t really matter. Even those who never receive a penny directly will benefit from having their home values kept above their free market value.
Participant[quote=svelte]Well I don’t fall into Group 1 or Group 2, but the very low mortgage rate that the policies of the last 4 months have created have helped my family out A LOT.
We refi’d to a very low fixed interest rate saving us hundreds each month.
Not every program that comes down the pike is going to benefit me directly…[/quote]
svelte gets this about right. Trillions will be directed to homeowners. As a result, they will be better off than they otherwise would by… trillions. Not all will benefit directly from all the programs, but that doesn’t really matter. Even those who never receive a penny directly will benefit from having their home values kept above their free market value.
Participant[quote=svelte]Well I don’t fall into Group 1 or Group 2, but the very low mortgage rate that the policies of the last 4 months have created have helped my family out A LOT.
We refi’d to a very low fixed interest rate saving us hundreds each month.
Not every program that comes down the pike is going to benefit me directly…[/quote]
svelte gets this about right. Trillions will be directed to homeowners. As a result, they will be better off than they otherwise would by… trillions. Not all will benefit directly from all the programs, but that doesn’t really matter. Even those who never receive a penny directly will benefit from having their home values kept above their free market value.
Participant[quote=svelte]Well I don’t fall into Group 1 or Group 2, but the very low mortgage rate that the policies of the last 4 months have created have helped my family out A LOT.
We refi’d to a very low fixed interest rate saving us hundreds each month.
Not every program that comes down the pike is going to benefit me directly…[/quote]
svelte gets this about right. Trillions will be directed to homeowners. As a result, they will be better off than they otherwise would by… trillions. Not all will benefit directly from all the programs, but that doesn’t really matter. Even those who never receive a penny directly will benefit from having their home values kept above their free market value.
March 2, 2009 at 5:01 PM in reply to: Dr. Doom Roubini is scared – economy worse than predicted #358759Participant[quote=BGinRB][quote=Zeitgeist]I see little difference between the socialists and the fascists… [/quote]
If you really don’t see a difference between François Mitterrand or Olof Palme on one side and Benito Mussolini and Francisco Franco on another you might want to work on developing some cricial thinking skills in you next life. [/quote]
I you can’t see that all lefties are reasonable and responsible people who make things work in real life, and all righties are sadists who bring disaster to their countries, then you are an idiot. Did I get that about right, BGinRB?
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