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patientrenter
Participant“..me want to go out a buy a house on a huge lot”
Just make sure you use a no-money-down non-recourse loan, thanks to the taxpayers.
Participant“..me want to go out a buy a house on a huge lot”
Just make sure you use a no-money-down non-recourse loan, thanks to the taxpayers.
Participant“..me want to go out a buy a house on a huge lot”
Just make sure you use a no-money-down non-recourse loan, thanks to the taxpayers.
ParticipantKeeping track of funds for the FDIC makes sense when a few banks go bust here and there. But when you prevent normal recessions from occurring for over 20 years, and you blow air into every promising small bubble you see floating by, and you finally have to deal with the pent-up consequences, then the FDIC fund becomes just another loose change drawer for the Federal govt.
Who cares how much exactly is in the loose change drawer? If it empties, it will be refilled promptly from the endless river of future taxpayer payments.
ParticipantKeeping track of funds for the FDIC makes sense when a few banks go bust here and there. But when you prevent normal recessions from occurring for over 20 years, and you blow air into every promising small bubble you see floating by, and you finally have to deal with the pent-up consequences, then the FDIC fund becomes just another loose change drawer for the Federal govt.
Who cares how much exactly is in the loose change drawer? If it empties, it will be refilled promptly from the endless river of future taxpayer payments.
ParticipantKeeping track of funds for the FDIC makes sense when a few banks go bust here and there. But when you prevent normal recessions from occurring for over 20 years, and you blow air into every promising small bubble you see floating by, and you finally have to deal with the pent-up consequences, then the FDIC fund becomes just another loose change drawer for the Federal govt.
Who cares how much exactly is in the loose change drawer? If it empties, it will be refilled promptly from the endless river of future taxpayer payments.
ParticipantKeeping track of funds for the FDIC makes sense when a few banks go bust here and there. But when you prevent normal recessions from occurring for over 20 years, and you blow air into every promising small bubble you see floating by, and you finally have to deal with the pent-up consequences, then the FDIC fund becomes just another loose change drawer for the Federal govt.
Who cares how much exactly is in the loose change drawer? If it empties, it will be refilled promptly from the endless river of future taxpayer payments.
ParticipantKeeping track of funds for the FDIC makes sense when a few banks go bust here and there. But when you prevent normal recessions from occurring for over 20 years, and you blow air into every promising small bubble you see floating by, and you finally have to deal with the pent-up consequences, then the FDIC fund becomes just another loose change drawer for the Federal govt.
Who cares how much exactly is in the loose change drawer? If it empties, it will be refilled promptly from the endless river of future taxpayer payments.
Participant[quote=Arraya]The fact the the entire western banking system will fail if asset prices fall to low motivates a little too. Don’t ya think?
Falling prices makes all those balance sheet clogging assets worth less and the whole banking system more insolvent.
Personally, I think the bankers are more concerned with the survival of the system than voter satisfaction.
In they end, everybody may lose and that could change the politics to save my home value to put Geitner and Paulsons head on a stick.
It’s not looking good for the banksters.[/quote]
Arraya, if we chose a certain asset, or asset class, for preferential treatment, and doubled its price tomorrow, holding it forever at double its value relative to today’s prices for other assets, would that make all of us wealthier?
Participant[quote=Arraya]The fact the the entire western banking system will fail if asset prices fall to low motivates a little too. Don’t ya think?
Falling prices makes all those balance sheet clogging assets worth less and the whole banking system more insolvent.
Personally, I think the bankers are more concerned with the survival of the system than voter satisfaction.
In they end, everybody may lose and that could change the politics to save my home value to put Geitner and Paulsons head on a stick.
It’s not looking good for the banksters.[/quote]
Arraya, if we chose a certain asset, or asset class, for preferential treatment, and doubled its price tomorrow, holding it forever at double its value relative to today’s prices for other assets, would that make all of us wealthier?
Participant[quote=Arraya]The fact the the entire western banking system will fail if asset prices fall to low motivates a little too. Don’t ya think?
Falling prices makes all those balance sheet clogging assets worth less and the whole banking system more insolvent.
Personally, I think the bankers are more concerned with the survival of the system than voter satisfaction.
In they end, everybody may lose and that could change the politics to save my home value to put Geitner and Paulsons head on a stick.
It’s not looking good for the banksters.[/quote]
Arraya, if we chose a certain asset, or asset class, for preferential treatment, and doubled its price tomorrow, holding it forever at double its value relative to today’s prices for other assets, would that make all of us wealthier?
Participant[quote=Arraya]The fact the the entire western banking system will fail if asset prices fall to low motivates a little too. Don’t ya think?
Falling prices makes all those balance sheet clogging assets worth less and the whole banking system more insolvent.
Personally, I think the bankers are more concerned with the survival of the system than voter satisfaction.
In they end, everybody may lose and that could change the politics to save my home value to put Geitner and Paulsons head on a stick.
It’s not looking good for the banksters.[/quote]
Arraya, if we chose a certain asset, or asset class, for preferential treatment, and doubled its price tomorrow, holding it forever at double its value relative to today’s prices for other assets, would that make all of us wealthier?
Participant[quote=Arraya]The fact the the entire western banking system will fail if asset prices fall to low motivates a little too. Don’t ya think?
Falling prices makes all those balance sheet clogging assets worth less and the whole banking system more insolvent.
Personally, I think the bankers are more concerned with the survival of the system than voter satisfaction.
In they end, everybody may lose and that could change the politics to save my home value to put Geitner and Paulsons head on a stick.
It’s not looking good for the banksters.[/quote]
Arraya, if we chose a certain asset, or asset class, for preferential treatment, and doubled its price tomorrow, holding it forever at double its value relative to today’s prices for other assets, would that make all of us wealthier?
ParticipantNonsense, NO-LA-SD-guy!
House prices (for most homes in nicer areas) are still way above their values at the last bottom of the RE cycle, in 1996. That’s true even after adjusting for inflation or wage growth. So there’s lots more room for downside movement, based on economics. But politics is what’s driving the selection of winners and losers now, not economics, so perhaps it’ all asset price reflation from now on. It’s certainly what the majority of voters want.
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