tag:blogger.com,1999:blog-18675105.post2615115053743389662..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: After the biggest financial bubble in human history, comes, of course, the biggest financial crash. And Hank Paulson played it, and us, like a cellobloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-18675105.post-62645474835862748452008-09-25T21:44:00.000+01:002008-09-25T21:44:00.000+01:00Greg Swann at BloodhoundBlog is bragging about pic...Greg Swann at BloodhoundBlog is bragging about picking jewels off the deadAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9305288910602354882008-09-25T20:49:00.000+01:002008-09-25T20:49:00.000+01:00And so, with the passage of the Paulson Plan - aka...And so, with the passage of the Paulson Plan - aka The Goldman Sachs Redemption Act - the veil has been lifted on the treasonous priorities of Congress.<BR/><BR/>Our nation's sovereignty has been stabbed in the back.<BR/><BR/>Et tu, Warren?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91689824683776448212008-09-25T19:28:00.000+01:002008-09-25T19:28:00.000+01:00Yes - it will definitely make problems worse.Throw...Yes - it will definitely make problems worse.<BR/><BR/>Throwing more money at a failed financial system is only sunk cost, and will just accelerate us from a recession into a flow-blown depression.<BR/><BR/><I><BR/> Mammoth said... <BR/>I seldom cut-and-paste news articles here, but this one is worth sharing:<BR/><BR/>CBO Head: Bailout Could Make Crisis Worse. The Washington Post reports, "The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis."<BR/><BR/>Peter R. Orszag "said the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems." Said Orszag, "Ironically, the intervention could even trigger additional failures of large institutions, because some institutions may be carrying troubled assets on their books at inflated values. ... Establishing clearer prices might reveal those institutions to be insolvent."<BR/><BR/>Uh-oh…<BR/><BR/>Full article at:<BR/>http://www.usnews.com/usnews/politics/bulletin/bulletin_080925.htm<BR/><BR/>-Mammoth<BR/></I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9610569588928729312008-09-25T18:38:00.000+01:002008-09-25T18:38:00.000+01:00"I can't wait for HousingPANIC The Movie"You can b..."I can't wait for HousingPANIC The Movie"<BR/><BR/>You can bet NOVA or the History Channel will do a special about Housing Panic. It will have to be a series, though, it will take more then one episode to describe this. <BR/><BR/>I think NOVA made a show about LTCM. That was more entertaining then most movies. You could almost extrapolate LTCM 10 times and you get today's debacle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55645745893327709622008-09-25T18:27:00.000+01:002008-09-25T18:27:00.000+01:00what about the statements only a week ago that the...what about the statements only a week ago that the economy is fundamentally sound?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-92085956126476042102008-09-25T18:12:00.000+01:002008-09-25T18:12:00.000+01:00I can't wait for HousingPANIC The MovieThere is/wa...I can't wait for HousingPANIC The Movie<BR/><BR/>There is/was drama out there folks like you could never imagine.<BR/><BR/>I hope one day the story comes out.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7328627869763430562008-09-25T18:10:00.000+01:002008-09-25T18:10:00.000+01:00Nick said... You continue to post my anti-HP co...Nick said...<BR/><BR/> You continue to post my anti-HP comments/rants. I must admit Keith, you truly are FAIR AND BALANCED TO EVERYONE.<BR/><BR/>It is your entertainment value.<BR/><BR/>JaneZAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56228700152053870252008-09-25T17:49:00.000+01:002008-09-25T17:49:00.000+01:00Bubbles are for bathtubs you bastards. I'm headed ...Bubbles are for bathtubs you bastards. I'm headed over to BangBros to make a few videos.<BR/><BR/>-Kendra Todd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54912030967485408622008-09-25T17:43:00.000+01:002008-09-25T17:43:00.000+01:00Easy to screw Pigmen over if EVERY homeowner stopp...Easy to screw Pigmen over if EVERY homeowner stopped making mortgage payments, creating an instant cash flow clusterphuck throughout the banking business.<BR/><BR/>Never happen though. Sheeple too afraid of losing their precious granite counter tops and whatnot. Plus they're too busy with the important stuff like Oprah and American Idol.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28434583436298047362008-09-25T17:34:00.000+01:002008-09-25T17:34:00.000+01:00Martial Law begins in OctoberMartial Law begins in OctoberAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57207751855996209802008-09-25T17:19:00.000+01:002008-09-25T17:19:00.000+01:00Guys - what does this mean? Look at the one-day f...Guys - what does this mean? Look at the one-day for "Freddie Mac Preferred N" stock (NYSE: FRE-N). Is this some bizarre manipulation, or an error? $800B is a rather round and suspiciously familiar number...<BR/><BR/>Google Finance's biggest gainers<BR/>Gainers Change Mkt Cap <BR/>Freddie Mac PRFD 'N' FRE-N 39,215,584.00% 800.00B <BR/>Freddie Mac FRE 49.21% 1.82B <BR/>Discovery Communications ... DISBD 46.58% 6.84B <BR/>Fannie Mae FNM 43.13% 2.66B <BR/>American Intl Group, Inc. AIG 19.64% 10.65BAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60870791998602409942008-09-25T17:16:00.000+01:002008-09-25T17:16:00.000+01:00I do have to hand it to you Keith that even though...I do have to hand it to you Keith that even though I am very critical of you and your followers (HP'ers) and despite many people telling you "oh get that Nick guy off this board".<BR/><BR/> You continue to post my anti-HP comments/rants. I must admit Keith, you truly are FAIR AND BALANCED TO EVERYONE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91943480166919104272008-09-25T17:13:00.000+01:002008-09-25T17:13:00.000+01:00Dear Mortgage Originator:I’m writing this to reass...Dear Mortgage Originator:<BR/><BR/>I’m writing this to reassure you I will continue to faithfully make payments on my mortgage. However, I will not be sending the checks myself as has been my practice heretofore. Instead, you will be getting the checks from the U.S. Treasury as part of your bailout package. Since I’m funding this with my share of the total $700 billion package, I wish to be certain I am not making costly duplicate payments. As prudent, successful businessmen, I’m sure you’ll understand. <BR/><BR/>Sincerely,<BR/>Valued CustomerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83671640013769080262008-09-25T16:53:00.000+01:002008-09-25T16:53:00.000+01:00Nick:If I was your neighbor I would burn your hous...Nick:<BR/><BR/>If I was your neighbor I would burn your house down. Hopefully, you would be in it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20010089666835261352008-09-25T16:50:00.000+01:002008-09-25T16:50:00.000+01:00Dear U.S. Gov.We here at Wall Street are in urgent...Dear U.S. Gov.<BR/><BR/>We here at Wall Street are in urgent need of a gigantic bailout. If we do not get this bailout fast, the entire financial system will fail and McDonalds will no longer serve burgers, Starbucks will run out of coffee and your construction contractor will not show up to finish your kitchen remodel. <BR/><BR/>PS: Please make the bailout favorable to us and our exorbitant pay or we will be forced to not participate in said bailout. Thanks.<BR/><BR/>GT CharlieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57180054591523619502008-09-25T16:37:00.000+01:002008-09-25T16:37:00.000+01:00Agent99,I enjoy the sarcasm as much as the next pe...Agent99,<BR/>I enjoy the sarcasm as much as the next person.<BR/><BR/>But what does "abandon ship" mean?<BR/><BR/>I've been a HP visitor and contributor for a long time.<BR/>I'm renting. I've no debt. I've got cash in a credit union. But my 401K and mutual funds are tanking or will soon tank.<BR/><BR/>Would somebody, anybody offer some advice about what do do next.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90579922824655044342008-09-25T16:31:00.000+01:002008-09-25T16:31:00.000+01:00I think the senators better think about the consen...I think the senators better think about the consenquences if they pass this bill. Look what happened in India.<BR/><BR/>After bailing out Fannie & Freddie, AIG, and now, the entire wall street. <BR/><BR/>When people ar'nt listened to over and over, they will take matters into their own hands. Plain and simple.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25800499621742753292008-09-25T16:30:00.000+01:002008-09-25T16:30:00.000+01:00Pumpty Dumpty fell off a mountain of Credit Defaul...Pumpty Dumpty fell off a mountain of Credit Default Swaps.<BR/><BR/><BR/>...and all the King's horse's asses and all the King's paper-hanging conmen couldn't put Pumpty back together again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18155565562851293142008-09-25T16:24:00.000+01:002008-09-25T16:24:00.000+01:00News Today: "The average price of a new home sold ...News Today: "The average price of a new home sold in August dropped by a record amount of 11.8 percent to $263,900, compared to the July average of $299,100. The median price was also down, falling 5.5 percent to $221,900."<BR/><BR/>Bwahahahahahhahah! Haha, oh my goodness that's so funny!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59440076991425511422008-09-25T16:23:00.000+01:002008-09-25T16:23:00.000+01:00Did I accidentally click on America Panic? I thou...Did I accidentally click on America Panic? I thought coverage of the Political Soap Opera was supposed to be on the America Panic, not Housing Panic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1324531859574083252008-09-25T16:12:00.000+01:002008-09-25T16:12:00.000+01:00Thanks for the musical accompaniment. Why is it, a...Thanks for the musical accompaniment. <BR/><BR/>Why is it, after so many years of criminal decision making, the choices proposed offer nothing more than another bad deal? We've had an iceberg off the starbord bow for years. Years!! It didn't melt, it didn't float away. It got bigger, it floated right under us and it's going to take us down. We've got a gigantic gaping wound that you can't stitch up with a measly $700,000,000,000 bailout. If you're lucky you can run this ship aground so it doesn't sink. Bailing is too little, too late. Abandon Ship.<BR/><BR/>The bailout can't possibly work. Let's stop pouring money into this giant, sucking black hole. No cash for trash. Moving the trash around doesn't solve the problem.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37850320532083906002008-09-25T16:11:00.000+01:002008-09-25T16:11:00.000+01:00Guns and Ammo - CheckBody armor - CheckFuel - Chec...Guns and Ammo - Check<BR/>Body armor - Check<BR/>Fuel - Check<BR/>Food - Check<BR/>Gold - Check<BR/>Bring it on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30885999723862205602008-09-25T15:54:00.000+01:002008-09-25T15:54:00.000+01:00I seldom cut-and-paste news articles here, but thi...I seldom cut-and-paste news articles here, but this one is worth sharing:<BR/><BR/>CBO Head: Bailout Could Make Crisis Worse. The Washington Post reports, "The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis."<BR/><BR/>Peter R. Orszag "said the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems." Said Orszag, "Ironically, the intervention could even trigger additional failures of large institutions, because some institutions may be carrying troubled assets on their books at inflated values. ... Establishing clearer prices might reveal those institutions to be insolvent."<BR/><BR/>Uh-oh…<BR/><BR/>Full article at:<BR/>http://www.usnews.com/usnews/politics/bulletin/bulletin_080925.htm<BR/><BR/>-MammothMammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86237705440838651472008-09-25T15:41:00.000+01:002008-09-25T15:41:00.000+01:00Never fear, Keith!The Grampa Simpson and Caribou B...Never fear, Keith!<BR/><BR/>The Grampa Simpson and Caribou Barbie are riding to our rescue on their Magical Ponies.<BR/><BR/>Or something.drewhttps://www.blogger.com/profile/17065171132689799410noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59184975638563462192008-09-25T15:39:00.000+01:002008-09-25T15:39:00.000+01:00Hey DOPES/HP'ers: I hate to tell you that I tol...Hey DOPES/HP'ers: <BR/><BR/> I hate to tell you that I told you so. BUT I TOLD YOU SO. I told you Keith that in the end the government will end up bailing out the so called FB'ers. <BR/><BR/> You even posted my email to you Keith as a blog entry. Everyone mocked me and called me just about every name in the book. <BR/><BR/> Guess what, there will indeed be a bailout for "poor struggling homeowners", "homeowners who were misled by Wall Street", "people gong through tough times", etc... <BR/><BR/> After spending all of this money on Wall Street, do you honestly think that any politician in America can resist him/her self from helping people who are about to lose their home? Of course not. Sooner or later there will be a bailout for FB'ers. I mean former FB'ers.Anonymousnoreply@blogger.com