June 28, 2007

HousingPANIC Stupid Question of the Day


What housing bubble players do you seriously think will do jail time? Name names.


19 comments:

HauspocalypseNow said...

Lets not forget the builder are the bubbleheads best friends!!

Its true they price gouge on the way up but on the way down they under cut the existing sellers.

Also they are the only people actually creating supply=lower prices and they will NEVER STOP.

Why so much anger on builders? I say BUILD BUILD BUILD BUILD. Housing 'should' end up cheaper than pre-bubble due to the 4 million homes for sale are apparently 'extra'.

don't be sending no stinkin files either said...

well...


One that needs to is ex-CEO of KBH Karatz.

Karatz resigned in November amid a federal criminal probe into the backdating of stock options at the company. Human resources chief Gary Ray was fired the same day, after KB Home said they used ``hindsight'' to ensure stock options could be exercised at favorable prices. Karatz was paid $43 million in 2005, which made him the highest-earning homebuilder CEO.

Anonymous said...

bizjournals.com
Reports: Ex-Countrywide execs to plead guilty to insider trading
Wednesday June 27, 2:42 pm ET


Three former Countrywide Financial Corp. executives have agreed to plead guilty to charges of insider trading, according to media reports.
Alan Cao, Quan Zhu and Jun Shi agreed to the plea agreements Tuesday evening, according to the reports. According to the Associated Press, all three were vice presidents working in financial planning or portfolio management.

Anonymous said...

Casey SErin of course!

Anonymous said...

There will only be a few scapegoats just like the S&L scandal. Taxpayers get to add it to the tab.

Mark in San Diego said...

Mortgage Fraud players - probably 10's of thousands of them. . .will they all be caught??

BTW - another subslime fund shuts down - look at the timing - 3 minutes before the Fed announcement. . .they know no one would notice:

Subprime shakeout claims another fund
Caliber Global, which controlled almost $1 bln in assets, to shut down
By Alistair Barr, MarketWatch
Last Update: 2:12 PM ET Jun 28, 2007


SAN FRANCISCO (MarketWatch) -- Caliber Global Investment Ltd., a London-listed fund that controlled almost $1 billion of mortgage assets, said on Thursday that it's shutting down after turmoil in the subprime market cut demand for its shares.

Anonymous said...

The creators of those shows on HGTV such as Buy Me and Flip This and Flip That...

Anonymous said...

Greenspan should go

Anonymous said...

Anyone who filed a fraud!

JBR said...

Gotta second hauspocalypsenow on this. More supply means more choices and lower prices when the insanity ends.

Would like to see a higher quality product, but I can start with oversupply.

Now if we can end the idea that HOAs and things like Mello Roos are a good idea, we should be set.

you work for me said...

That slimeball ceo from countrywide should be on a chain gang.Or better yet have casey serin crush his balls with a pair of vice grips.
Daivd lereah should be screwing a blow up doll in front of all the people he has brought to financial ruin.
Bush and cheney should be sent to china to make sex toys in a sweat shop.

Anonymous said...

You're giving the Hamburglar a bad name by lumping him with this level of crook. Hamburglar just has a habit to feed and his crimes only hurt Ronald - and Ronald can afford losing a few burgers here and there.

Anonymous said...

Go homebuilders! Down with mortgage companies though. They are the major cause (well other than the FED)

Sellin @ Da Drop said...

All Realt-whores named Suzzane.

Anonymous said...

David jenkins and Gary Keller - the guys behind keller Williams for pushing trashy novels to their realt-whores like how to make millions investing in real estate and how to flip houses. That's how they trained all their new real estate agents.

The guys that took their advise should pull out the pitchforks and go on a rampage.

Anonymous said...

Major homebuilders like Lennar and Kb lost hundreds of millions of dollars this past quarter and the realtrolls keep telling us that home prices are still going up. If the real prices were going up, the builders would be making even more money than 2005-2006. Will there be a rebuttal from any realtrolls?

Anonymous said...

Every time I hear Hayes Barnard owner of Paramount Equity on the radio I want to throw out my radio. I think he's a future jail bird.

Anonymous said...

Casey, Casey, Casey, Casey....um Serin.

Paul E. Math said...

I fully agree with hausapocalypsenow. The homebuilders are the few honest members of the reic right now.

Fannie Mae and Freddie Mac execs mind you, should be put under a giant magnifying glass on a bright, sunny day and burned alive like the pathetic insects that they are. I think anferny mozillo, countrywide's ceo, has already spent some time fake-baking under that microscope so perhaps we should just send him straight to the deep fryer.

(Selling @ da drop - awesome photo, dude.)