tag:blogger.com,1999:blog-18675105.post6197557196946954072..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: FLASH!! OH MY GOD THIS IS SO FUNNY! HERE'S THE DETAILS OF THE BUSH/PAULSON HOUSING GAMBLER BAILOUT - SHOULD HELP ABOUT 6 OR 7 PEOPLE NATIONWIDE!!!bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger133125tag:blogger.com,1999:blog-18675105.post-59516594303376075902007-12-07T18:39:00.000+00:002007-12-07T18:39:00.000+00:00Look at the DemoRats whining and squealing for a b...Look at the DemoRats whining and squealing for a bigger bailout. They're a sad bunch of deadbeats and losersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21654047470144327442007-12-07T18:00:00.000+00:002007-12-07T18:00:00.000+00:00More hard proof that the mortgage crisis spreads a...More hard proof that the mortgage crisis spreads across the *entire* sector - not just sub-prime as the media talking heads would have you believe.<BR/><BR/><I><BR/>Anonymous said... <BR/>GAME OVER::<BR/><BR/>80% off of (what?) 737 Billion in CDO's?<BR/><BR/>Hey buddy, can you spare 590 Billion?<BR/><BR/>Top CDO Classes May Lose 80 Percent, Barclays Says (Update1) <BR/><BR/>By Jody Shenn<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=a9h3FZsrhiJ0&refer=home<BR/><BR/>Dec. 6 (Bloomberg) -- U.S. mortgage assets in collateralized debt obligations have lost so much value that the top classes of the securities may be worth as little as 20 cents on the dollar in a liquidation, Barclays Plc analysts said in a report.<BR/></I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61350196244740865462007-12-07T17:52:00.000+00:002007-12-07T17:52:00.000+00:00HAHAH Its a bailout for people who wouldn't have l...HAHAH Its a bailout for people who wouldn't have lost their house anyway.<BR/><BR/>Way to help George!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14382882788919100662007-12-07T17:46:00.000+00:002007-12-07T17:46:00.000+00:00The bail-out is an industry initiative, not a law....The bail-out is an industry initiative, not a law.<BR/><BR/>Lenders are encouraged to participate, but it is not mandatory to do so.<BR/><BR/>What guide-lines will lenders use to select *which* qualified borrowers?<BR/><BR/>What incentive would lenders have to freeze borrower mortgage rates?<BR/><BR/>How will the impact of this bail-out be kept to a minimum for investors of mortgage backed securities, and which investors will have to take the hit?<BR/><BR/>Many qualified borrowers will not<BR/>be approved by lenders, and investors of toxic residential loans will be left holding the bag.<BR/><BR/>This is nothing but an attempt by Bush to "look good", while the next administration is left with this ever mounting problem.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22377131415069766432007-12-07T17:10:00.000+00:002007-12-07T17:10:00.000+00:00Tax Payers Against a Wall Street and Mortgage Bail...Tax Payers Against a Wall Street and Mortgage Bailout <BR/><BR/>http://www.petitiononline.com/bailout/petition-sign.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82823034525753996042007-12-07T15:48:00.000+00:002007-12-07T15:48:00.000+00:00Cant these people just re-fi if that was their sit...Cant these people just re-fi if that was their situation ???<BR/>Cool.<BR/>Cow_tipping.Cow_tippinghttps://www.blogger.com/profile/00096024651157768242noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85244504731806443942007-12-07T13:05:00.000+00:002007-12-07T13:05:00.000+00:00I didn't realize that thios was merely voluntary??...I didn't realize that thios was merely voluntary????<BR/><BR/>WTF!!! All this talk of a plan and now its only to be voluntary???? So the PLAN is only some advice???<BR/><BR/>Aside from how restrictive the bailout is- What a joke of a toothless non-binding not worth the paper it is written on <BR/>SHAM!Russ DoGGhttps://www.blogger.com/profile/16161611465473318748noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91285688940626149802007-12-07T12:29:00.000+00:002007-12-07T12:29:00.000+00:00homedebtor anon above - we're not bitching about t...homedebtor anon above - we're not bitching about the bailout not covering anyone - we're laughing!bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52862031299858420562007-12-07T12:27:00.000+00:002007-12-07T12:27:00.000+00:00The bailout plan is a thing of beauty....I probabl...The bailout plan is a thing of beauty....I probably would have thrown 100 more eligibility clauses in it.<BR/><BR/>It's amazing how some on this board will bitch about both sides of an issue...<BR/><BR/>No Damn Bailout!!<BR/><BR/>next day<BR/><BR/>Damn Bailout doesn't cover anyone!!<BR/><BR/>It's why this board has become a joke....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55173819568678943852007-12-07T12:13:00.000+00:002007-12-07T12:13:00.000+00:00Anonymous said... I have read a lot of comments...Anonymous said...<BR/><BR/><BR/> I have read a lot of comments saying arms are over with. I called eloan just for shits and said I wanted a $0 down , interest only loan and my fico is 620.<BR/><BR/> No problem they said. I can get a 6.5% 30 year loan, interest only for 10 years.<BR/><BR/><BR/> You're full of shit. I have 700+ FICO and they told me 6.4% for a 30-yr<BR/><BR/> December 07, 2007 12:08 AM<BR/><BR/>---------------------------------<BR/><BR/>Dude go online and you'll see...6.5% with a 620 FICO. And that is with 0 points. Point is 700 or 620 fico doesn't make a difference. Free money is still out there for anyone who wants it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66321846660266505142007-12-07T10:29:00.000+00:002007-12-07T10:29:00.000+00:00My question is, is this some type of Bush Katrina ...My question is, is this some type of Bush Katrina rescue? Becuase if it's, you homdebtors are f*cked. bwahahahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51297137312138992732007-12-07T10:27:00.000+00:002007-12-07T10:27:00.000+00:00"It wouldn't be prudent"I get it, you said it just...<I>"It wouldn't be prudent"</I><BR/>I get it, you said it just like Dana Carvey, didn't you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32562599359820103292007-12-07T08:36:00.000+00:002007-12-07T08:36:00.000+00:00This is straight from the 995HOPE.org website:"Aft...This is straight from the 995HOPE.org website:<BR/><BR/>"After we graduated from college and got married, my husband, Ben, and I knew we wanted two things: a house and a dog. On an impulse, we went to an open house in an area of town we knew was out of our price range."<BR/><BR/>And I should feel sorry for these people? The reason they are in trouble or were in trouble is simple:<BR/><BR/>1. They acted on impulse and<BR/>2. They bought more house than they could afford by acting on "impulse"<BR/><BR/>And why is this story any more deserving than this one:<BR/><BR/>"After he got out of "Noo Vo Reesh" University (a weekend seminar) and got married, my husband, Casey, and I knew we wanted two things: a sweet passive income and a vacation to Hawai. On an impulse, we went to open houses in areas in the western US we knew were out of our price range. We lied about our income, bought multiple homes at the same time so that the banks wouldn't know we were not using them as primary residences, took cash back at closing and when things started to get a little bit difficult to pay back, I mean we were just trying to have the American dream. Well we took on even more debt some at 100% interest, Casey went to Australia to find his inner guru was stuffed into the pouch of a kangaroo and photographed sinking ships and birdies...."<BR/><BR/>What's the difference? I don't see any. Other than the fact that the first couple also had wanted a dog!<BR/><BR/>Both admitted up front, they couldn't afford what they wanted but it didn't stop them. <BR/><BR/>If read further, the "advice" that "Brian" the counselor gave was what they should have done in the first place - buy a home that they could afford. Oh and don't forget, first they had to "SELL" that house that they were getting behind on. Now how many people will be able to do that and then save up enough for another down payment?<BR/><BR/>This funk is off the hook man...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52468657409220401342007-12-07T07:56:00.000+00:002007-12-07T07:56:00.000+00:00Ok, the cards have been dealt. Lets see how all th...Ok, the cards have been dealt. Lets see how all this plays out. If you were to research back to 1929 during the big crash the same thing happened. Government was going to help them out yada yada yada. Did nothing. Lets face it the government can't just sit by and not do nothing. "It wouldn't be prudent". They have to at least give the "impression" that are doing all they can to help. Just like in 1929, they will end up helping almost nobody. You know, I know, and everyone who is a critical thinker knows this is all about bailing out wall street. Well, lets the games begin. To all the ones who say they are leaving this country I say stay and fight the good fight. Don't let these bastards win. It won't be long before the chips really begin to fall and soon after perhaps we can get this country back in the hands of the people rather in the stranglehold of the political hacks. Enough is enough.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67567410614946849112007-12-07T07:33:00.000+00:002007-12-07T07:33:00.000+00:00This is the typical Bush aid. A lot of probing, so...This is the typical Bush aid. A lot of probing, some rapid stroking, and the rescued person unable to walk for a few days.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54982146606972111432007-12-07T07:11:00.000+00:002007-12-07T07:11:00.000+00:00this link has some great points about why this "ba...this link has some great points about why this "bailout" isn't much of anything;<BR/><BR/>for example; If the fed keeps lowering the funds rate, why would someone who now has an adjustable rate, refinance to a fixed higher rate on an overpriced asset (their house) that is depreciating in value?<BR/><BR/>http://tinyurl.com/yo3bexAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13640195075391008492007-12-07T06:46:00.000+00:002007-12-07T06:46:00.000+00:00Countrywide's stock was up %16 today, given the re...Countrywide's stock was up %16 today, given the realization that thy don't have to sacrifice a thing--great, no obligations on their part.....cheers home debtors....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36387475321482262442007-12-07T05:30:00.000+00:002007-12-07T05:30:00.000+00:00I feel it will help as many people as GWB's IQ rou...I feel it will help as many people as GWB's IQ roughly 2.<BR/><BR/>God when will this $h%t end can't I just sacrifice 400 some odd days of my life and get to 01/20/2009.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64785855006866623362007-12-07T05:26:00.000+00:002007-12-07T05:26:00.000+00:001-888-995-HOPE Hello, my rent keeps going up. I n...1-888-995-HOPE <BR/><BR/>Hello, my rent keeps going up. I never planned that my rent would go up so much. I guess I should have gotten a lease for a year or so huh? It's the fault of those evil landlords, they are so tricksy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23242486425989812072007-12-07T05:12:00.000+00:002007-12-07T05:12:00.000+00:00Edgar said... Don't call, go online:http://www.995...Edgar said... <BR/>Don't call, go online:<BR/><BR/>http://www.995hope.org/<BR/><BR/>HPers need to hit that puppy ten times a day and crash the server! I want lower mortgage payments! Waa!!<BR/><BR/>December 06, 2007 11:09 PM<BR/>---------------<BR/><BR/>I love that when you go to this link there are pictures of a black single mother family!!<BR/><BR/>JezAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49809078672595018112007-12-07T04:10:00.000+00:002007-12-07T04:10:00.000+00:00The main pinch is between these two:The house must...The main pinch is between these two:<BR/><BR/>The house must be worth than the mortgage<BR/><BR/>and<BR/><BR/>You can't have more than 3% equity<BR/><BR/>equity = house value - mortgage, so<BR/><BR/>If house value < mortgage<BR/><BR/>YOU LOSE<BR/><BR/>If house value > mortgage + 3% * house value<BR/><BR/>YOU LOSE<BR/> <BR/>Fairly brilliant, actually. They got a stock market rally out of it, too. I'm impressed. Maybe they can play out the rejection notices past the election. If they can, the monkey mass won't be able to apply the rules themselves and figure out that they are NOT going to be saved.<BR/><BR/>The next republican presidential candidate will even have an "ARM Family" to drag around with them to rallies, like the "Tax Family" of elections past.<BR/><BR/>If the rejection slips get out in a timely manner, this will backfire. Look for major stalling over the coming months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2793423606337928172007-12-07T03:53:00.000+00:002007-12-07T03:53:00.000+00:00Obviously the crash in home prices will take a lit...<I>Obviously the crash in home prices will take a little longer as they are much less liquid, but don't count out another bubble from inflating a few years down the road. 1% interest rates for a while might do it.</I><BR/><BR/>If there's another bubble like, I will join all the crooks. I will commit as much fraud as I can and then stash the money overseas. Why should I care about this country when nobody else does, including the president, crook politicians, religious types, law enforcement, American citizens, etc? Hell, I look forward to another bubble. Count me in. No more Mr. Nice Guy...f*ck this. Remember, when I see you from now on, you are just another mark to me...watch out. I had enough and will join the American way of life.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33562191691894533192007-12-07T03:27:00.000+00:002007-12-07T03:27:00.000+00:00Can we all get together here and start a campaign ...Can we all get together here and start a campaign in which we all send letters to the White House saying that we had a bad night of drinking, tipping stripers and gambling in Vegas, and now we want a bailout?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5614941118609994482007-12-07T03:19:00.001+00:002007-12-07T03:19:00.001+00:00I am getting out of this country as soon as I can....<I>I am getting out of this country as soon as I can. This country is screwed and there is no hope to fix it.</I><BR/><BR/>Oh man, don't share something like that because we have the inbred hick police here on the Blog that will come charging at you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87392039869011883602007-12-07T03:19:00.000+00:002007-12-07T03:19:00.000+00:00Helping 6 or 7 housing gamblers is too many. Let'...Helping 6 or 7 housing gamblers is too many. Let's add some more requirements to reduce it further.Anonymousnoreply@blogger.com