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tangouniform
ParticipantSeeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.
BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.
tangouniform
ParticipantSeeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.
BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.
tangouniform
ParticipantSeeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.
BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.
tangouniform
ParticipantSeeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.
BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.
tangouniform
ParticipantSeeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.
BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.
March 14, 2008 at 7:57 PM in reply to: I think it’s pretty safe to say that Bear Streans is more or less finished. #169816tangouniform
ParticipantYes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.
March 14, 2008 at 7:57 PM in reply to: I think it’s pretty safe to say that Bear Streans is more or less finished. #170149tangouniform
ParticipantYes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.
March 14, 2008 at 7:57 PM in reply to: I think it’s pretty safe to say that Bear Streans is more or less finished. #170153tangouniform
ParticipantYes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.
March 14, 2008 at 7:57 PM in reply to: I think it’s pretty safe to say that Bear Streans is more or less finished. #170175tangouniform
ParticipantYes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.
March 14, 2008 at 7:57 PM in reply to: I think it’s pretty safe to say that Bear Streans is more or less finished. #170251tangouniform
ParticipantYes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.
tangouniform
ParticipantAs long as the cram-down is recorded (new lien with corresponding deed recording of the new amount) I don’t have a problem with this. It’ll kill the comps and bring some sense back to the market. The contract is between the lender and the borrower, after all, and if it makes sense then there’s little we can do. We’re already seeing the lenders clenching up like they got the travelin’ trots and they’re 300 yards from the nearest head. Cram-downs will make the underwriters positively paranoid.
The moral hazard to all this happened when back when the insane lending standards were in effect. A lot of us bubble sitters knew better and held onto our moral convictions that the money was too easy. Yes, we’ll suffer even if we didn’t surrender our fiscal virtue. That’s OK because we know we were right and we’ll be able to move when others can merely suffer with their just-barely affordable (even after the cram-down) debt load.
We’re past the “I told you so” phase…
tangouniform
ParticipantAs long as the cram-down is recorded (new lien with corresponding deed recording of the new amount) I don’t have a problem with this. It’ll kill the comps and bring some sense back to the market. The contract is between the lender and the borrower, after all, and if it makes sense then there’s little we can do. We’re already seeing the lenders clenching up like they got the travelin’ trots and they’re 300 yards from the nearest head. Cram-downs will make the underwriters positively paranoid.
The moral hazard to all this happened when back when the insane lending standards were in effect. A lot of us bubble sitters knew better and held onto our moral convictions that the money was too easy. Yes, we’ll suffer even if we didn’t surrender our fiscal virtue. That’s OK because we know we were right and we’ll be able to move when others can merely suffer with their just-barely affordable (even after the cram-down) debt load.
We’re past the “I told you so” phase…
tangouniform
ParticipantAs long as the cram-down is recorded (new lien with corresponding deed recording of the new amount) I don’t have a problem with this. It’ll kill the comps and bring some sense back to the market. The contract is between the lender and the borrower, after all, and if it makes sense then there’s little we can do. We’re already seeing the lenders clenching up like they got the travelin’ trots and they’re 300 yards from the nearest head. Cram-downs will make the underwriters positively paranoid.
The moral hazard to all this happened when back when the insane lending standards were in effect. A lot of us bubble sitters knew better and held onto our moral convictions that the money was too easy. Yes, we’ll suffer even if we didn’t surrender our fiscal virtue. That’s OK because we know we were right and we’ll be able to move when others can merely suffer with their just-barely affordable (even after the cram-down) debt load.
We’re past the “I told you so” phase…
tangouniform
ParticipantAs long as the cram-down is recorded (new lien with corresponding deed recording of the new amount) I don’t have a problem with this. It’ll kill the comps and bring some sense back to the market. The contract is between the lender and the borrower, after all, and if it makes sense then there’s little we can do. We’re already seeing the lenders clenching up like they got the travelin’ trots and they’re 300 yards from the nearest head. Cram-downs will make the underwriters positively paranoid.
The moral hazard to all this happened when back when the insane lending standards were in effect. A lot of us bubble sitters knew better and held onto our moral convictions that the money was too easy. Yes, we’ll suffer even if we didn’t surrender our fiscal virtue. That’s OK because we know we were right and we’ll be able to move when others can merely suffer with their just-barely affordable (even after the cram-down) debt load.
We’re past the “I told you so” phase…
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