tag:blogger.com,1999:blog-18675105.post2870946237872841011..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Global Economic Armageddon is now herebloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger69125tag:blogger.com,1999:blog-18675105.post-29430559347638892522008-09-30T12:26:00.000+01:002008-09-30T12:26:00.000+01:00I believe, just as the forests need the occasional...I believe, just as the forests need the occasional burning to grow anew, so does the economy. Burn baby burn. I'm ready for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18036596097873225852008-09-30T08:00:00.000+01:002008-09-30T08:00:00.000+01:00Now that credit is froze up and consumers can't ge...<I>Now that credit is froze up and consumers can't get new car loans, credit cards and student loans everybody has to live within their means. THAT'S ARMAGEDON! Oh no the sky is falling, no credit for America.</I><BR/><BR/>No and this talk about not being able to get a car loan is such a bull$hit. Anyone with good Fico on the 700s, an appropriate income, no debt, responsible with finances, can get a loan. For instance, Amex keeps sending me pre-approved offers for Platinum cards and they just gave me a Blue at 0% for 1.5 years, with a $20k limit. I can walk into any BMW dealer right now and lease a 3 Series if I want to.<BR/><BR/>The crooks on Wall Street, along with the corrupt media, are using this bull$hit to put pressure on passing the bill. You should see those idiots on Fast Money tonight...they were mad, with a stupid face, after probably have lost their shirts, gambling as usual. And they're still giving hard time to a Republican Rep who voted against the cancer bill.<BR/><BR/>Of course, if you're a moron, irresponsible, who lives beyond your means and is up the wazoo in debt, you won't get a loan. Also, if your income is $40k, you won't qualify for a $500k house. That's the way it should be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20045483779579479542008-09-30T04:10:00.000+01:002008-09-30T04:10:00.000+01:00I never wanted to actually have to USE my guns for...I never wanted to actually have to USE my guns for anything other than shooting paper or clay. But if someone crashes in this house looking for food...<BR/><BR/>My bug-out-bag and food stash is ready at any given time; I just hope it's enough...Jesus Christ.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70190032739205034462008-09-30T03:45:00.000+01:002008-09-30T03:45:00.000+01:00Sell on Rosh Hashana, buy on Yom Kippur.It is as i...Sell on Rosh Hashana, buy on Yom Kippur.<BR/><BR/>It is as it always has been.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70169330725664977652008-09-30T03:14:00.000+01:002008-09-30T03:14:00.000+01:00how many jews are in the congress? they only 2% of...how many jews are in the congress? <BR/>they only 2% of population.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65138945678129806632008-09-30T01:37:00.000+01:002008-09-30T01:37:00.000+01:00Uh-oh, don't you have to be at the 43 Folders blog...<I>Uh-oh, don't you have to be at the 43 Folders blog, getting orders on what to wear and how to live like sissy clones?</I><BR/><BR/>Yeah, anybody who isn't a faux-survivalist trash-talking pot-bellied loser must be one of the sissies!<BR/><BR/>The hilarious thing is that the poseurs would drop dead of a heart attack after three or four hours of strenuous outdoor activity, let alone a survivalist armageddon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43985403258109752152008-09-30T01:20:00.000+01:002008-09-30T01:20:00.000+01:00This is a good read explaining the mechanics of th...This is a good read explaining the mechanics of the credit crunch. Also it basically says that unless Uncle Sam overpays the banks for their toxic waste, Paulson's plan doesn't really increase the banks' ability to lend money, or ease the credit crunch. It just rewards Banks with bad management.<BR/><BR/>http://www.becker-posner-blog.com/waikikiphotobloghttps://www.blogger.com/profile/09302557645692154037noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22452858868553978142008-09-30T01:14:00.000+01:002008-09-30T01:14:00.000+01:00Look,all they needed to shore up wasFDIC and some...Look,all they needed to shore up was<BR/>FDIC and some other accounts . months ago I posted that this was the answer . <BR/><BR/>The stock market was never a insured account . Please be aware the stock market has never been insured against loss . The stock market was correcting before they turn down that junk BILL .<BR/><BR/>The stock market is dropping because everyone is aware we are in a recession . The cheerleaders fakes everyone out . <BR/><BR/>In the final analysis the Feds and the FDIC are going to take Billions in loss because of bank <BR/>failures ,but remaining banks or merged banks pick up the slack .The taxpayers are still going to take billions in loss in the final analysis ,so don't think that Wall Street didn't cause a loss to the <BR/>taxpayers . <BR/><BR/>You act like it was even possible to bail out all the unregulated <BR/>casino players .Spend happy Paulson was going to far with this bail out concept . <BR/><BR/>That being said ,trust in the fact that the Feds can inject capital for emergency purpose ,so you really don't have to worry about <BR/>your ATM cutting you off . You might not be able to get a car loan right now if your a flake ,but so be it .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28935170362065666922008-09-30T00:57:00.000+01:002008-09-30T00:57:00.000+01:00Japan index dropped by 2/3. People there feared th...Japan index dropped by 2/3. <BR/>People there feared the final meltdown.<BR/>Their society didn't crumble.<BR/>Hardly changed at all.<BR/>Nothing is going to happen. <BR/>Shutup and go watch Idol, your MRE's are going to spoil cuz they ain't gonna get used.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38411747836327801842008-09-30T00:55:00.000+01:002008-09-30T00:55:00.000+01:00Yeah, you're all so tough.LOL!What a poseur.Uh-oh,...<I>Yeah, you're all so tough.<BR/><BR/>LOL!<BR/><BR/>What a poseur.</I><BR/><BR/>Uh-oh, don't you have to be at the 43 Folders blog, getting orders on what to wear and how to live like sissy clones?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33983052186555472332008-09-30T00:51:00.000+01:002008-09-30T00:51:00.000+01:00And I can't believe DC is shutting down for the Je...<I>And I can't believe DC is shutting down for the Jewish holidays</I><BR/><BR/>The puppets have to kiss butt from their masters. I'm surprised there isn't a Hollywood Jewish holiday also, so all the celebs can kiss their a$$es too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19380220954783974662008-09-30T00:38:00.000+01:002008-09-30T00:38:00.000+01:00... but we're realistic and don't actually WANT an...<I>... but we're realistic and don't actually WANT an shtf situation like many survivalists do.</I><BR/><BR/>I went through the LA Riots (literally) while you were eating pudding in Scottsdale, AZ. What, do you really think there's no racial tension or class welfare looking for an excuse to implode in this country? Puh-leaz. Just wait when Obama loses the election and rumors/tension start spreading through ghettos all over the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13504337206468077732008-09-30T00:35:00.000+01:002008-09-30T00:35:00.000+01:00"I will bet that the continued decline in printing...<I>"I will bet that the continued decline in printing and pricing factored in there too..."</I><BR/><BR/>I work in publishing and I spend a lot of time editing title pages from "Printed in US" to "Printed in China." A lot of printing also goes to India these days.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41576959478932287872008-09-30T00:31:00.000+01:002008-09-30T00:31:00.000+01:00Remember, Wall Street guys made millions, they hav...<I>Remember, Wall Street guys made millions, they have a great cushion for the greatest depression, you don't</I><BR/><BR/>Yeah, but can they run faster than us? I don't think. We're going to get their cushions and stick up their a$$es until it comes out through their mouths.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80978763994648530212008-09-30T00:30:00.000+01:002008-09-30T00:30:00.000+01:00Do we need a secret handshake?I have to get busy f...Do we need a secret handshake?<BR/><BR/>I have to get busy faxing. I'm gonna cut the letters out of magazines and paste my message to a piece of paper. That way my "no bailout" note will be slightly threatening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13512100140760104162008-09-30T00:27:00.000+01:002008-09-30T00:27:00.000+01:00Let it go folks, that tells you something:20 Democ...Let it go folks, that tells you something:<BR/><BR/><B>20 Democrats from New York voted yes on the bill, while only 2 voted no. Meanwhile, only 5 Republicans from New York voted yes.</B><BR/><BR/>Here are the Democrats from New York, who voted YES on Paulson's bailout to Wall Street crooks:<BR/><BR/>Timothy Bishop (1), Steve Israel (2), Carolyn McCarthy (4), Gary Ackerman (5), Greg Meeks (6), Joseph Crowley (7), Jerrold Nadler (8), Anthony Weiner (9), Edolphus Towns (10), Yvette Clarke (11), Carolyn Malloney (14), Nydia Velazquez (12), Charles Rangel (15), Eliot Engel (17), Nita Lowey (18), John Hall (19), Michael McNulty (21), Michael Arcuri (24), Brian Higgins (27), Louise Slaughter (28)<BR/><BR/>The Democrats from New York are in bed with the crooks from Wall Street. Oh yeah, that's what I call a party for the people. Anyone here surprised that Charles Rangel voted for the bailout?<BR/><BR/>VOTE THEM OUT!!!<BR/><BR/>Open your eyes, Hussein's sheeple.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32327141058090837002008-09-30T00:13:00.001+01:002008-09-30T00:13:00.001+01:00this was awesome that it didn't pass but it was la...this was awesome that it didn't pass but it was largely a political play to vote no.<BR/><BR/>It will get passed. They are already revising it. Think of it like political nuclear bombs. They drop the first bomb which gets all of the attention. Next, they sign it but it is overshadowed by the first bomb. Maybe they cut it to 600 billion to save face. <BR/><BR/>I agree, 1% rates are coming soon.<BR/><BR/>However, life will go on. Most people have money and will still buy crap.<BR/>BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12779286546591107122008-09-30T00:13:00.000+01:002008-09-30T00:13:00.000+01:00"Congratulations all you purists, you got your wis..."Congratulations all you purists, you got your wish, no bailout. Stupid decision, because now YOU are going to get it. Remember, Wall Street guys made millions, they have a great cushion for the greatest depression, you don't and now with your calling your senators, and congressmen and allowing them to play politics with your future, you have slit your own throat."<BR/><BR/>Piss on you, you arrogant, elitist bitch! Most of the people here were smart enough to save. Most here were not so reliant on credit that they will be destroyed by this. Most have a way out - their greed knew certain boundaries. I'm smacking my lips just waiting for the bargains!! MMM,MMMMM GOOD!!!<BR/><BR/>A few family run businesses went under. C'est la vie, moron. This is how capitalism works. Some make it, some don't. If some good, honest folks must go down along with the corrupt REICers and CEOs, so be it. No, why don't you tell us your housing status? Leveraged to the hilt, eh? Bummer 4 U!! LMAO!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80843417834123629392008-09-29T23:59:00.000+01:002008-09-29T23:59:00.000+01:00Burn Burn Burn ! ! !Burn Burn Burn ! ! !Burn...Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/>Burn Burn Burn ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/>Hoard Hoard Hoard ! ! !<BR/><BR/>*FUEL * THE * FLAMES *<BR/><BR/>AND FUCKING ARREST MOZILO ALREADY GOD DAMNIT!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67931911616322157872008-09-29T23:53:00.000+01:002008-09-29T23:53:00.000+01:00Market will bounce tomorrow. have you looked at t...Market will bounce tomorrow. have you looked at today's after hours? If they stopped trading at 5PM EST we would've been down 300 points - max.<BR/><BR/>This is nothing.... For all the crying baby Wall Streeters... this ain't even as bad as 1987.<BR/><BR/>Sorry IBer's will lose their jobs - tough. Didn't contribute much anyway.<BR/><BR/>America will survive Keith. And I sorry you lost on your call options you've been placing - try not to be so negative. You'll make money there soon - even without the bailout.<BR/><BR/>Great day for democracyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82473235753108136282008-09-29T23:34:00.001+01:002008-09-29T23:34:00.001+01:00Burn baby burngood byBurn baby burn<BR/><BR/>good byAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4496158678291465322008-09-29T23:33:00.000+01:002008-09-29T23:33:00.000+01:00>> Only an IDIOT would run a business so rel...>> Only an IDIOT would run a business so reliant on credit that a change in business conditions would lead to its collapse.<BR/><BR/>Well stated! And borrowing money to make payroll is how corporate America functions? Yeah, I didn't know that. But WTF?!?!<BR/><BR/>Bring it ALL down, man! Afterward, no more:<BR/><BR/>Taxes/IRS<BR/>Credit<BR/>Wall Street<BR/><BR/>Instead:<BR/><BR/>*REAL* WORK BUILDING THINGS!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89356123390213771972008-09-29T23:31:00.000+01:002008-09-29T23:31:00.000+01:00Congress -- the Republicans - got it right today. ...Congress -- the Republicans - got it right today. I was actually hopeful it was not going to pass. I made many phone calls to various congressmen to encourage them to vote no. Apparently they agreed.<BR/><BR/>Unfortunately, all the talking heads on TV are saying that a bill WILL pass, doing everything they can to sway voters and congress. The MSM is, again, showing its true colors: biased as hell towards big govt. programs and saying a bill is a done deal this week.<BR/><BR/>Keith, the Dems voted for this...I hope it is making you think twice about your proclivities to support this despicable party.<BR/><BR/>It is time to unwind things here. The market needs to go down and housing prices need to go down. Once the bloodletting is over, we can rebuild this broken financial system.<BR/><BR/>Even if this bill passes, it may not stem the decline, although it could set a price floor for houses since the Feds are going to buy up the toxic mortgages and forgive the borrowers losses on them (i.e. allow underwater homedebters to not pay back the full mortgage but only the amount of the re-valued home).<BR/><BR/>All in all, a good day. <BR/><BR/>Glad I bought American Eagles over the weekend and glad I've been fully in cash since the summer. Tomorrow I go down to my large, well-known bank that recently purchased another large well-known bankrupt bank so i can get the rest of my money out before it's lost forever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12624875205788681662008-09-29T23:27:00.001+01:002008-09-29T23:27:00.001+01:00Is this "To amend the Internal Revenue Code of 198...Is this "To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes" really a title of a Bailout bill? WTF?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20244978570851016132008-09-29T23:26:00.000+01:002008-09-29T23:26:00.000+01:00Now that credit is froze up and consumers can't ge...Now that credit is froze up and consumers can't get new car loans, credit cards and student loans everybody has to live within their means. THAT'S ARMAGEDON! Oh no the sky is falling, no credit for America.<BR/>I know most people would call me crazy, but you can't live on credit indefinitely. The sooner we realize this, the less painful this whole transistion will be.Anonymousnoreply@blogger.com