Forum Replies Created
-
AuthorPosts
-
sd_matt
Participant[quote=Arraya]The banks are holding off for their own survival. RE values and the health of the banking system are inexorably linked. It’s the survival conspiracy. The trillion + that the Fed printed to buy MBSs is only a small drop in the bucket of total losses and every % RE falls makes it billions more.
Regardless of what we all have been led to believe, losses still matter to the banks.
In a way, they are waiting for a miracle.
At this point, the Obama administration has fully signed on to what the banks are doing. So his political health is directly linked to RE values as well. He missed his opportunity to purge the system early on. So, surely, he is cheering the withholding of shadow inventory as well.[/quote]
So interest rates need to stay low until after Obama’s reelection?
And will the effects of the shadow inventory come to light? I guess that is a wild card. According to Dr. Housing Bubble about 57% of the second set of loan recasts will be in CA alone.
Participant[quote=pri_dk]No doubt the administration is very concerned about managing perceptions for the next election cycle, and this is influencing their policy. So this idea makes some sense.
But like most conspiracy theories, it suffers from one key flaw: Too many people would have to keep the secret.
Could they really pull this off without someone leaking it? Not likely.[/quote]
I don’t think the secret comment applies. I think that the general public is just that ignorant.
Participant[quote=pri_dk]No doubt the administration is very concerned about managing perceptions for the next election cycle, and this is influencing their policy. So this idea makes some sense.
But like most conspiracy theories, it suffers from one key flaw: Too many people would have to keep the secret.
Could they really pull this off without someone leaking it? Not likely.[/quote]
I don’t think the secret comment applies. I think that the general public is just that ignorant.
Participant[quote=pri_dk]No doubt the administration is very concerned about managing perceptions for the next election cycle, and this is influencing their policy. So this idea makes some sense.
But like most conspiracy theories, it suffers from one key flaw: Too many people would have to keep the secret.
Could they really pull this off without someone leaking it? Not likely.[/quote]
I don’t think the secret comment applies. I think that the general public is just that ignorant.
Participant[quote=pri_dk]No doubt the administration is very concerned about managing perceptions for the next election cycle, and this is influencing their policy. So this idea makes some sense.
But like most conspiracy theories, it suffers from one key flaw: Too many people would have to keep the secret.
Could they really pull this off without someone leaking it? Not likely.[/quote]
I don’t think the secret comment applies. I think that the general public is just that ignorant.
Participant[quote=pri_dk]No doubt the administration is very concerned about managing perceptions for the next election cycle, and this is influencing their policy. So this idea makes some sense.
But like most conspiracy theories, it suffers from one key flaw: Too many people would have to keep the secret.
Could they really pull this off without someone leaking it? Not likely.[/quote]
I don’t think the secret comment applies. I think that the general public is just that ignorant.
ParticipantSemi-threadjack
From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
ParticipantSemi-threadjack
From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
ParticipantSemi-threadjack
From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
ParticipantSemi-threadjack
From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
ParticipantSemi-threadjack
From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
ParticipantI’m inclined to say that Rush and Hannity will kill their credibility in the long run while giving rise to comparatively (and let me reemphasize the word comparatively) reasonable Glen Beck.
Or am I overestimating the listeners?
ParticipantI’m inclined to say that Rush and Hannity will kill their credibility in the long run while giving rise to comparatively (and let me reemphasize the word comparatively) reasonable Glen Beck.
Or am I overestimating the listeners?
ParticipantI’m inclined to say that Rush and Hannity will kill their credibility in the long run while giving rise to comparatively (and let me reemphasize the word comparatively) reasonable Glen Beck.
Or am I overestimating the listeners?
-
AuthorPosts
