tag:blogger.com,1999:blog-18675105.post5429269527544685254..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC demands that the Senate immediately move to an Article 39A Session. Why? Because Senator Dodd ordered the BofA/Countrywide Code Redbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-18675105.post-39544822254658222332008-06-24T07:20:00.000+01:002008-06-24T07:20:00.000+01:00I told you guys a year ago that this was the plan ...I told you guys a year ago that this was the plan all along ..to bail out the banks...Countrywide being the biggest . The second that Dodds started talking poor homeowners ,instead of the need to investigate Countrywides alarming default rate ,and the pump and dump of stocks that Mozilo did,you could see the way it was going .<BR/><BR/>Do you see what a Obstruction of Justice this bail out would be .A Obstruction of Justice for Mozilo to face the music of his acts as a Major lender who corrupted the market . <BR/><BR/>Go back to the spin that was coming out of Mozilo's mouth when he got caught holding the bag on all those loans when the secondary market turned .<BR/><BR/>It's was clear from day one that the spin campaign came hard and heavy from Dodds regarding the poor homeowners that can't make their payments. Pretty odd that Dodds didn't examine the fraud aspect of liar loans and Countrywides high default rate .<BR/><BR/>The second clue that it was a lender bail-out was the fact that Dodds felt the need to have the loan amounts raised ,in a declining market.<BR/>Let me just say that in a declining market lenders lower the amount they want to lend ,not increase it .<BR/>It's a obstruction of justice to bail out lenders and borrowers that committed fraud .You have to let it go the way of civil or criminal legal remedy .<BR/><BR/>Do you think the clause in the Housing Bill about the government buying already foreclosed houses has anything to do with bailing out borrowers ? <BR/><BR/>The problem with letting any of these bills pass are that they will start out with figures and than just increase them as time goes on as needed . <BR/><BR/>The housing Bill is the biggest OBSTRUCTION OF JUSTICE case in the history of America .<BR/><BR/><BR/>Look ,If lenders need to be bailed out ,the government can give them loans . Your not going to like it when they raise your taxes to cover the bail-outs of Mozilo and other creeps like him . <BR/><BR/>Would the American People really approve The housing bill bail-outs if they knew that few borrowers would really benefit from it ,and most of the defaults are from fraudulent borrowers anyway ? <BR/><BR/>They have been passing off Countrywides bad loans off already to FHA for a number of months now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7930090553351215912008-06-23T20:59:00.000+01:002008-06-23T20:59:00.000+01:00ROFLMFAO!! Keith, you really slayed me with this o...ROFLMFAO!! Keith, you really slayed me with this one!! <BR/><BR/>AMERICA, YOU CAN'T HANDLE THE TRUTH!!!<BR/><BR/>LOL!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65670394883166065162008-06-23T19:05:00.000+01:002008-06-23T19:05:00.000+01:00Even if the bill passes it won't stop the drop in ...Even if the bill passes it won't stop the drop in house prices.<BR/><BR/>I welcome seeing people get to keep their homes. The ones that deserve to will succeed, the ones that don't won't.<BR/><BR/>But that won't stop prices from correcting. Big time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21693194047215178662008-06-23T14:35:00.000+01:002008-06-23T14:35:00.000+01:00http://www.freedomworks.org/newsroom/press_templat...http://www.freedomworks.org/newsroom/press_template.php?press_id=2571<BR/><BR/>Hidden deep in Senator Christopher Dodd's 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of America’s small businesses. The provision, which was added by the bill's managers without debate this week, would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government.<BR/>FreedomWorks Chairman Dick Armey commented: "This is a provision with astonishing reach, and it was slipped into the bill just this week. Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover, and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America's small businesses are breathtaking."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51905937967843131712008-06-23T10:52:00.000+01:002008-06-23T10:52:00.000+01:00sorry renters. this bill is going to pass 75-25 or...sorry renters. this bill is going to pass 75-25 or more. and even if bush does the veto thing, it will have enough votes to over ride. <BR/><BR/>you better get used to that 1 bed 1 bath shithole apartment. you're never leaving.<BR/><BR/>ciao bitchesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69262244777226499412008-06-23T08:11:00.000+01:002008-06-23T08:11:00.000+01:00Tim Carney, the Examiner journalist that is mentio...Tim Carney, the Examiner journalist that is mentioned in this blog post, wrote a book HP'ers would love. See "The Big Ripoff." It is one of the best books I have read in some time.<BR/><BR/>http://tinyurl.com/4q5tjpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35934132268389065342008-06-23T06:58:00.000+01:002008-06-23T06:58:00.000+01:00He looks innocent, check out the suit. LMFAO!He looks innocent, check out the suit. LMFAO!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52407714326431262632008-06-23T03:47:00.000+01:002008-06-23T03:47:00.000+01:00I'm speechless... Democrats lie, cheat and can be ...I'm speechless... Democrats lie, cheat and can be easily bribed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85563090049814208142008-06-23T03:46:00.000+01:002008-06-23T03:46:00.000+01:00Chris Dodd and the Dailykooks are lapdogs and boot...Chris Dodd and the Dailykooks are lapdogs and bootlicks for OrangzilloAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53276093847625954342008-06-23T03:24:00.000+01:002008-06-23T03:24:00.000+01:00Buh buh buh according to Obama, his camp, and his ...<I>Buh buh buh according to Obama, his camp, and his mainstream media bootlickers, Dodd was a stronger contender to become VP. Dodd was a top pick to be Hussein's VP. Oops sorry about that, I shouldn't express contradictions here because, according to Keith and his herd, the Messiah is perfect.<BR/></I><BR/><BR/>Damn. This news should have broken after Hussein picked him as a running mate. Why ruin a perfect record of having criminals in your fold??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10455891881298936412008-06-23T02:59:00.000+01:002008-06-23T02:59:00.000+01:00Senator Dodd is a criminal and an absolute embarra...Senator Dodd is a criminal and an absolute embarrasment to Taxpaying citizens.<BR/><BR/>His offer of "help to keep these poor struggling homeowners in their homes" is a horribly transparent grasp at making sure his buddies at BofA and Countrywide don't have to keep taking writedowns as the foreclosures mount.<BR/><BR/>Hint HINT, Dodd! These people don't want your "help". They bought wildly-overvalued and rapidly depreciating debt traps at the height of the boom, thanks to your butt-buddy, Angelo, and now, the smart ones want OUTTA THERE at any cost!!<BR/><BR/>They are wise to your game--and you MUST step down now, or we will boot your sorry money-grubbing A$$ out!!<BR/><BR/>OUTRAGEOUS!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6272911395031780502008-06-23T02:53:00.000+01:002008-06-23T02:53:00.000+01:00Happy Monday HP'rs!! And what a wonderful day it ...Happy Monday HP'rs!! And what a wonderful day it is, waking up to the criminal mug of Chris Dodd in this deepening hell hole of a scandal. Get this story out to everyone you know.... Here is another one that will give you the big picture--<BR/><BR/>------ASSETTS that AREN'T!! <BR/><BR/>Prospects are slim-to-none for U.S. headquartered businesses-in-general having or achieving the capacity to catalyze an economic turnaround. <BR/><BR/>**Indeed, ten major companies have more “Level 3” Assets than capital. They are (as a percentage of total shareholder equity): <BR/><BR/>Bear Stearns 313.97% <BR/>Morgan Stanley 234.88% <BR/>Merrill Lynch 225.4% <BR/>Goldman Sachs 191.56% <BR/>Lehman 171.18% <BR/>Fannie Mae 161.47% <BR/>Northwest Air 142.02% <BR/>Citigroup 125.06% <BR/>Prudential 119.36% <BR/>Hartford 108.52% <BR/><BR/>Remember that the essence of a Level 3 Asset is that it has “no observable input.” That is, the company which owns a Level 3 Asset also determines its ostensible value. <BR/><BR/>**Marc - add level 2 to that and the numebrs jump 300%. Remember, level 2 assets are worth much less than par too. Everyone forgets about this chosing to focus on level 3. Level 2 would be considered alt-a while level 3 is subprime in mortgage terms. <BR/><BR/>Companies having a significant portion of their portfolios in Level 3 Assets claim that they are valuing these Assets by “Marking to (their subjective) Model.” Deepcaster’s view is that this is “Marking to Myth.” <BR/><BR/>A number of Level 3 Assets have, unsurprisingly, recently tended to be illiquid. <BR/><BR/>Reality Check: That which is illiquid has no market and therefore no market value. <BR/><BR/>Indeed, these harsh realities, and the consequences for consumers of Hyperinflation and a contracting economy, are starting to percolate into the mainstream consulting and media worlds. <BR/><BR/>““Suddenly consumers are focused on buying what they have to have as opposed to buying what they want to have,” said Howard Davidowitz, Chairman of Davidowitz %26 Associates, a New York retail consulting and investment-banking firm. “This is a permanent change for Americans who will face a declining standard of living over the next 20 years,” he added.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17989687298606130162008-06-23T02:24:00.000+01:002008-06-23T02:24:00.000+01:00Now do you understand why BOA wants Countrywide at...Now do you understand why BOA wants Countrywide at any price?<BR/><BR/>RayNLAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90834758643068966302008-06-23T02:22:00.000+01:002008-06-23T02:22:00.000+01:00keith, harry reid is one of the most evil people i...keith, harry reid is one of the most evil people in congress...in america. he hates this country and is probably up to his eyeballs in this bailout scam. it would have been more appropriate to have yourself do the arresting of dodd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71257888658958178582008-06-23T01:55:00.000+01:002008-06-23T01:55:00.000+01:00THANK YOU KEITH for giving this story the coverage...THANK YOU KEITH for giving this story the coverage it deserves--<BR/><BR/>This story should be on the front page of every paper in America!!<BR/><BR/>RESIGN NOWWWWWWWW DODD--The American people will not settle for LESS!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23029379743953000722008-06-23T01:46:00.000+01:002008-06-23T01:46:00.000+01:00Man this blog is in its own world, ouuuuuuu! Pleas...Man this blog is in its own world, ouuuuuuu! Please stay there and don't come back and infect the rest of us. Sorry I checked in, I'll leave forever now. Losers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50268443396610297762008-06-23T01:36:00.000+01:002008-06-23T01:36:00.000+01:00Could you slip a little something into the bill fo...Could you slip a little something into the bill for the 6%'ers before the final vote?<BR/><BR/>We're a little down on our luck these days. Plus my shills are really pissed that the mortgage shysters are getting all the bailout attention.<BR/><BR/>You have to realize, my folks can only get so many calories per day out of a pack of Ramen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15708930995367411512008-06-23T01:27:00.000+01:002008-06-23T01:27:00.000+01:00I would have gotten away with it too if it weren't...I would have gotten away with it too if it weren't for those meddling HPr'sAlan Statichttps://www.blogger.com/profile/09196717411481032075noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4014118696372114812008-06-23T01:15:00.000+01:002008-06-23T01:15:00.000+01:00He took $20k from BoA? When did it become cheaper...He took $20k from BoA? When did it become cheaper to buy a senator than a house?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83065136610227009812008-06-23T01:06:00.000+01:002008-06-23T01:06:00.000+01:00Innocent until proven guilty? Not if you don’t “c...Innocent until proven guilty? Not if you don’t “conform” to the liberal agenda.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73438275674859480362008-06-23T00:22:00.000+01:002008-06-23T00:22:00.000+01:00Look at the dopey left wingers jumping up to defen...Look at the dopey left wingers jumping up to defend their corrupt mastersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21244864215888569412008-06-23T00:11:00.000+01:002008-06-23T00:11:00.000+01:00Cute and maybe someday Dodd and Mozillo will get o...Cute and maybe someday Dodd and Mozillo will get one of those fabulous 5-4 Supreme Decisions this blog is in love with, although I do think Dodd is a piece of shit and always has been.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42387827307446036832008-06-23T00:01:00.000+01:002008-06-23T00:01:00.000+01:00And whatever Dodd, Reid, or Pelozi, send to Hussei...And whatever Dodd, Reid, or Pelozi, send to Hussein, he'll be signing it. Any doubt about that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69895372396792852572008-06-22T23:52:00.000+01:002008-06-22T23:52:00.000+01:00Hang all these corrupt politicans till their DEAD,...Hang all these corrupt politicans till their DEAD, DEAD, DEAD !!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53812631210906836772008-06-22T23:35:00.000+01:002008-06-22T23:35:00.000+01:00I think you people should dispense with formality ...I think you people should dispense with formality and just start calling him "Saint Ron". The most honest man in all of America. Still a head scratcher though, why he consistently voted for pork for his district. Oh well. Perhaps that was pre-sainthood.<BR/><BR/>Maybe if libertarians had any power they'd have incidences of corruption too.Anonymousnoreply@blogger.com