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SK in CV
ParticipantIn general, I agree with most of those points. Just a few items to quibble with.
4. “Free” money from the Fed is causing speculation.
It’s probably more appropriate to say that cheap money from the fed is facilitating the speculation. Low interest rates do not make anyone speculate.
5. It’s a way for the Fed to help the banks to make up housing losses.
I’m not sure even what this is referring to. I don’t now what “It’s” is. Low fed rates? If so, probably close enough for government work.
On a related topic that seems to be all over CNBC these days is the gold and silver prices. Item 4 probably contributes to that too. My peeve about the discussion is that many so called experts attempt to differentiate between investors and speculators. There is no difference. Unless you’re a jeweler (or some other industrial user of gold or silver, where it’s a logical hedge), gold and silver are ALWAYS speculative investments. They have no intrinsic value (exceptions noted). They do not pay dividends, no earnings multiples, no earnings growth. They do not “produce” profits. It is a pure speculative play on future prices. Arguing any differently is either disengenuous or idiotic.
ParticipantIn general, I agree with most of those points. Just a few items to quibble with.
4. “Free” money from the Fed is causing speculation.
It’s probably more appropriate to say that cheap money from the fed is facilitating the speculation. Low interest rates do not make anyone speculate.
5. It’s a way for the Fed to help the banks to make up housing losses.
I’m not sure even what this is referring to. I don’t now what “It’s” is. Low fed rates? If so, probably close enough for government work.
On a related topic that seems to be all over CNBC these days is the gold and silver prices. Item 4 probably contributes to that too. My peeve about the discussion is that many so called experts attempt to differentiate between investors and speculators. There is no difference. Unless you’re a jeweler (or some other industrial user of gold or silver, where it’s a logical hedge), gold and silver are ALWAYS speculative investments. They have no intrinsic value (exceptions noted). They do not pay dividends, no earnings multiples, no earnings growth. They do not “produce” profits. It is a pure speculative play on future prices. Arguing any differently is either disengenuous or idiotic.
ParticipantIn general, I agree with most of those points. Just a few items to quibble with.
4. “Free” money from the Fed is causing speculation.
It’s probably more appropriate to say that cheap money from the fed is facilitating the speculation. Low interest rates do not make anyone speculate.
5. It’s a way for the Fed to help the banks to make up housing losses.
I’m not sure even what this is referring to. I don’t now what “It’s” is. Low fed rates? If so, probably close enough for government work.
On a related topic that seems to be all over CNBC these days is the gold and silver prices. Item 4 probably contributes to that too. My peeve about the discussion is that many so called experts attempt to differentiate between investors and speculators. There is no difference. Unless you’re a jeweler (or some other industrial user of gold or silver, where it’s a logical hedge), gold and silver are ALWAYS speculative investments. They have no intrinsic value (exceptions noted). They do not pay dividends, no earnings multiples, no earnings growth. They do not “produce” profits. It is a pure speculative play on future prices. Arguing any differently is either disengenuous or idiotic.
Participant[quote=briansd1]
If you want principal reduction to make the house “affordable” and stay there, then it’s likely a waste of money.[/quote]Unless you happen to be Arizona Representative Carl Seel, who was prepared to propose a Chain of Title provision into Arizona state law. A funny thing happened on the day the bill was to be proposed…I’ll let someone else finish the story.
Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
From nakedcapitalism.com
Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
Participant[quote=briansd1]
If you want principal reduction to make the house “affordable” and stay there, then it’s likely a waste of money.[/quote]Unless you happen to be Arizona Representative Carl Seel, who was prepared to propose a Chain of Title provision into Arizona state law. A funny thing happened on the day the bill was to be proposed…I’ll let someone else finish the story.
Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
From nakedcapitalism.com
Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
Participant[quote=briansd1]
If you want principal reduction to make the house “affordable” and stay there, then it’s likely a waste of money.[/quote]Unless you happen to be Arizona Representative Carl Seel, who was prepared to propose a Chain of Title provision into Arizona state law. A funny thing happened on the day the bill was to be proposed…I’ll let someone else finish the story.
Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
From nakedcapitalism.com
Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
Participant[quote=briansd1]
If you want principal reduction to make the house “affordable” and stay there, then it’s likely a waste of money.[/quote]Unless you happen to be Arizona Representative Carl Seel, who was prepared to propose a Chain of Title provision into Arizona state law. A funny thing happened on the day the bill was to be proposed…I’ll let someone else finish the story.
Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
From nakedcapitalism.com
Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
Participant[quote=briansd1]
If you want principal reduction to make the house “affordable” and stay there, then it’s likely a waste of money.[/quote]Unless you happen to be Arizona Representative Carl Seel, who was prepared to propose a Chain of Title provision into Arizona state law. A funny thing happened on the day the bill was to be proposed…I’ll let someone else finish the story.
Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
From nakedcapitalism.com
Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
Participant[quote=Zeitgeist]
Obama green gardener:[/quote]
Yeah, I know, everyone does it. But the S and B aren’t really that close together on the keyboard.
Participant[quote=Zeitgeist]
Obama green gardener:[/quote]
Yeah, I know, everyone does it. But the S and B aren’t really that close together on the keyboard.
Participant[quote=Zeitgeist]
Obama green gardener:[/quote]
Yeah, I know, everyone does it. But the S and B aren’t really that close together on the keyboard.
Participant[quote=Zeitgeist]
Obama green gardener:[/quote]
Yeah, I know, everyone does it. But the S and B aren’t really that close together on the keyboard.
Participant[quote=Zeitgeist]
Obama green gardener:[/quote]
Yeah, I know, everyone does it. But the S and B aren’t really that close together on the keyboard.
Participant[quote=Eugene]
I can probably one-up you on that one. I think I know more about the Bible and the history of its creation than most Christians. (for example, not only can I make a strong case, complete with Biblical citations, that Jesus’ mother was not a virgin, but I can even explain why the virgin myth became part of the canon.)[/quote]Having never read the Christian bible, yeah, you got me 🙂
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