tag:blogger.com,1999:blog-18675105.post4741980182251843942..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Want to see which banks of mortgage lenders may fail first? Well, here you go..bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-18675105.post-65187640832116565362013-03-14T18:56:32.982+00:002013-03-14T18:56:32.982+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61214024470586578612007-08-24T21:03:00.000+01:002007-08-24T21:03:00.000+01:00Yes thanks Capt. Ned.Re. the bolded banks, didn't ...Yes thanks Capt. Ned.<BR/><BR/>Re. the bolded banks, didn't World Savings recently get acquired by (relatively strong) Wachovia?<BR/><BR/>With a lot of my money in CDs spread around a lot of banks to stay under the archaic FDIC limit, I find myself in the uncomfortably position of having CDs in two of the bolded banks on the list. Heh, well at least I didn't renew my CD with CountryWide last March, handwriting was on the wall.<BR/><BR/>I guess I am really at the mercy of the FDIC should we start to see bank failures. Wonder how long it takes them to pay depositors off? Most likely the gov will try to get failing banks acquired by stronger ones before they have to pay off. Although if a really big one like WaMu becomes insolvent...scary.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60276148504966614602007-08-24T19:49:00.000+01:002007-08-24T19:49:00.000+01:00-------Why are all these fucking liberal pukes cal...-------Why are all these fucking liberal pukes calling for a bailout of Wall Street?------<BR/><BR/><BR/>Yes, Bush and the feds policy of bailing out large corporations has something to do with liberals.<BR/><BR/>You seem sharp.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49132101499712155702007-08-24T06:52:00.000+01:002007-08-24T06:52:00.000+01:00Thankyou Captain Ned.That is CRAZY for banks to cu...Thankyou Captain Ned.<BR/><BR/>That is CRAZY for banks to cut reserves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61564449430095757002007-08-24T06:45:00.000+01:002007-08-24T06:45:00.000+01:00It's one good thing to see the future.What will yo...It's one good thing to see the future.<BR/><BR/>What will you do then, me I'll but <A HREF="http://homes.relatedlistings.com<br/>" REL="nofollow">home</A> earlyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23505554327174555042007-08-24T06:05:00.000+01:002007-08-24T06:05:00.000+01:00While we've all been worried about inflation, defl...While we've all been worried about inflation, deflation might turn out to be the form of the destructor.<BR/><BR/>I don't understand economics enough to predict this, but, if assets lose value, due to lowered demand and many loans don't get repaid, doesn't that lower the amount of M3 currency?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75020022562954997642007-08-24T03:17:00.000+01:002007-08-24T03:17:00.000+01:00Why are all these fucking liberal pukes calling fo...Why are all these fucking liberal pukes calling for a bailout of Wall Street?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26598730593268882052007-08-24T03:05:00.000+01:002007-08-24T03:05:00.000+01:00Does anybody know if Chase is laying off mortgage ...<B>Does anybody know if Chase is laying off mortgage brokers?</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31656374593757644412007-08-23T23:51:00.000+01:002007-08-23T23:51:00.000+01:00In my day job I'm a state bank regulator. One of ...In my day job I'm a state bank regulator. One of the biggest issues we've had lately is a war between the IRS, SEC and accountants on one side and bankers and regulators on the other. The topic: Allowances for Loan and Lease Losses.<BR/><BR/>The IRS (led by the SEC) has argued for years that banks have way too many $$ stuck in their loss reserves. Since bad debt expense is tax-deductible, the IRS is clearly looking to generate additional taxable income. The SEC hates large loan loss reserves because they believe banks use them to smooth earnings over time (over-reserve when credit is good, under-reserve when it's bad). Accountants, led by the AICPA (American Institute for Certified Public Accountants) believe the whole allowance calculation to be so irretrievably subjective that it should be abolished and loan losses should be a direct deduction from current period earnings.<BR/><BR/>Regulators, OTOH, feel differently. After all, our mandate is to evaluate risk to the insurance fund. The more reserves in place, the less risk. Unfortunately, the IRS/SEC/AICPA won the last round of negotiations, essentially requiring examiners to cast a gimlet eye at loan loss reserves that cannot be justified in terms of recent loss history. Given the past 7-10 years there is no loss history, so we're supposed to tell banks to cut back. This regulator reads all the right blogs and does not tell bankers to cut back on their reserves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12496934385559402452007-08-23T21:25:00.000+01:002007-08-23T21:25:00.000+01:00Everything is a quick easy fix. WMD arguement is s...<I>Everything is a quick easy fix. WMD arguement is so tired. Let's hug it out with the terrorists. Will get Jeremy Pivin to set them straight and then they all can go to the Playboy mansion together and there will be no more 9/11 or suicide bombing for inexperiened virgins.<BR/><BR/>8/10 mosques in the USA are funded by Saudi Arabi</I><BR/><BR/>Ramble much? So you are saying there was WMD, that Iraq was a big threat who couldn't beat their neighbor Iran in a war? But us across the sea were in dire straights if they continued to exist? Yet in the end you say Saudi's are 80% of the terrorist, oh those darn Iraqi err Saudi terrorists! Make up your mind! <BR/><BR/>I agree with Condi Rice, and Colin Powell and Dick Cheney on this subject. Prior to 911...then they went for a power grab unparalleled before - which turned out to be the largest blunder in human history...well played Bush er Rove. <BR/><BR/>Cheney:<BR/>http://tinyurl.com/3d6x5b<BR/><BR/>Condi and Powell:<BR/>http://tinyurl.com/2528e<BR/><BR/>And because you just might not have the drive to cut and paste, since your drive to find facts looks lazy at best...another propaganda lover or talk radio zombie. <BR/><BR/>Powell:<BR/><BR/>(2001)"He (Saddam Hussein) has not developed any significant capability with respect to weapons of mass destruction. He is unable to project conventional power against his neighbors."<BR/><BR/>Rice:<BR/><BR/>(2001)"Saddam does not control the northern part of the country," she said. "We are able to keep his arms from him. His military forces have not been rebuilt."<BR/><BR/>Truth is a bitch hunh? I bet you feel stupid and duped now....naw just kidding your belief in fairy tales and propaganda can't be quashed with something as simple as facts....have a nice life being duped over and over again.Unknownhttps://www.blogger.com/profile/01161426670107699230noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-538403333069415112007-08-23T19:16:00.000+01:002007-08-23T19:16:00.000+01:00That Regions Bank just absorbed another Alabama ba...That Regions Bank just absorbed another Alabama bank. I do not know if the absorbed bank had reserves issues or not but I suspect there was trouble and the FDIC did what their website says they will do which is quietly have the troubled bank absorbed by another.<BR/><BR/>I wonder if there is an infusion of FDIC cash as part of the deal?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4579344696033498872007-08-23T18:41:00.000+01:002007-08-23T18:41:00.000+01:00Ron said... People investigate and look at facts b...Ron said...<BR/><BR/> People investigate and look at facts before going into long drawn out war, war avoided and propaganda quashed. <BR/><BR/>Everything is a quick easy fix. WMD arguement is so tired. Let's hug it out with the terrorists. Will get Jeremy Pivin to set them straight and then they all can go to the Playboy mansion together and there will be no more 9/11 or suicide bombing for inexperiened virgins.<BR/><BR/>8/10 mosques in the USA are funded by Saudi ArabiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36502783707429174642007-08-23T17:53:00.000+01:002007-08-23T17:53:00.000+01:00*......you want flied lice wit dat?*<BR/><BR/><BR/><BR/><BR/><BR/>......you want flied lice wit dat?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58230723871503463382007-08-23T17:52:00.000+01:002007-08-23T17:52:00.000+01:00Don't worry about the Chi-coms they are on their b...Don't worry about the Chi-coms they are on their best behavior for the up coming Olympics!<BR/><BR/>After that, watch those lil rice propelled bastards go!<BR/><BR/> Bung Ho!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40047223659840816882007-08-23T17:30:00.000+01:002007-08-23T17:30:00.000+01:00Hmmm.....I seem to recall saying WM is a $2 stock ...Hmmm.....<BR/><BR/>I seem to recall saying WM is a $2 stock waiting to happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62426291029685891092007-08-23T17:05:00.000+01:002007-08-23T17:05:00.000+01:00World Savings ONLY makes bad loans, i.e. option ar...World Savings ONLY makes bad loans, i.e. option arms.<BR/><BR/>If I remember correctly they limit most to 80 loan-to-value so they may be able to absorb losses related to fc's.<BR/><BR/>Just a thought.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70812357943861365572007-08-23T16:37:00.000+01:002007-08-23T16:37:00.000+01:00RE Investor said... Anyone that honestly believes ...RE Investor said... <BR/>Anyone that honestly believes that Wells and B of A will go under just better not have a short position in either one. They have healthy balance sheets, and probably are one of the best buys in the banking arena now. They will take losses, but not enough to make either one do more than stumble for a quarter or two. I could be wrong, but like I said, I would not short. The mortgage co's however - Indy, Novastar, etc. they may not go under, bought I see buyout - cheap. <BR/><BR/>August 23, 2007 3:48 PM <BR/><BR/>Sceaming buys...ROFLMAO!! Their borrowing at the discount window at a premium of 1.25% does nothing but instill confidence that they will be around for at least the next two weeks. LOL!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11186245128088125352007-08-23T16:32:00.000+01:002007-08-23T16:32:00.000+01:00After reading Bloomberg's today, you might want to...After reading Bloomberg's today, you might want to add Bank of China to that list. They just fessed up to having a significant exposure to US sub-prime mortgage debt. Makes one wonder what their exposure is to "non sub-prime" mortgage debt in the U.S. That's a lot of yuan riding on those bets and the Chairman is not going to be happy with Sum Yung Guy if those investments tank. Can you say "firing squad"? Paulson is probably telling the Chi-Com's "whose yo' daddy?" hAHAHAHAHAHA<BR/>This is just like the seniors in high school hazing the incoming freshmen - welcome to capitalism, my comrade chumps. I just hope a war doesn't break out over bad debts.<BR/>Smug BastardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55347390453729326962007-08-23T16:17:00.001+01:002007-08-23T16:17:00.001+01:00Bold = possibly going out of business because they...Bold = possibly going out of business because they don't have sufficient reserves to cover their loan lossesbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35745550069192036902007-08-23T16:17:00.000+01:002007-08-23T16:17:00.000+01:00"Nice to know the future before it happens"It is a..."Nice to know the future before it happens"<BR/><BR/>It is amazing how this works, inspectors on things like bridges find problems...then the cities fix said problems and tragedy avoided. People investigate and look at facts before going into long drawn out war, war avoided and propaganda quashed. Regulators look at banks and mortgages and find these insane lending practices and stop toxic loans out the gate as fiscally irresponsible and a ponzi scheme...this could also be applied to the Social Security system as well. Just imagine how many things we could fix, with people watching and investigating these important things....we could see the future and change it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39922342924584422822007-08-23T16:08:00.000+01:002007-08-23T16:08:00.000+01:00how can banks fail, when the fed will bail out any...how can banks fail, when the fed will bail out any in trouble.<BR/><BR/>Keith, I thought you would have learned that the markets are rigged, so that financial instutions will profit privately, whilst losses will be socialized.<BR/><BR/>stock markets up<BR/>interest rates down<BR/><BR/>ARM borrowers will now be able to get a low cost fixed interest rate, this will then bail out the housing market.<BR/><BR/>How long before the housing market begins to increase in value?<BR/><BR/>Do you really think that the housing market will be allowed to collapse in the year before the election?<BR/><BR/>Has the last 10 days not taught you anything?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4559500991313447212007-08-23T16:03:00.000+01:002007-08-23T16:03:00.000+01:00i dont get why it says countrywide as being in my ...i dont get why it says countrywide as being in my alexandria va, arent they hq'd in calababsbsbs?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51530193952192242052007-08-23T15:48:00.001+01:002007-08-23T15:48:00.001+01:00Anyone that honestly believes that Wells and B of ...Anyone that honestly believes that Wells and B of A will go under just better not have a short position in either one. They have healthy balance sheets, and probably are one of the best buys in the banking arena now. They will take losses, but not enough to make either one do more than stumble for a quarter or two. I could be wrong, but like I said, I would not short. The mortgage co's however - Indy, Novastar, etc. they may not go under, bought I see buyout - cheap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77847582034325060242007-08-23T15:48:00.000+01:002007-08-23T15:48:00.000+01:00Some banks name are printed on Bold character, wh...Some banks name are printed on Bold character, what does it imply?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70699876915663491662007-08-23T15:35:00.000+01:002007-08-23T15:35:00.000+01:00http://www.readexpress.com/pollcenter.phppoll ques...http://www.readexpress.com/pollcenter.php<BR/><BR/>poll question at the Washington Post's free daily asking about a FedGov bailout of the mortgage industry. feel free to say h*ll no.Anonymousnoreply@blogger.com