tag:blogger.com,1999:blog-18675105.post6281636221248246376..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Quote of the Day (and a special HP note to all homedebtors)bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-18675105.post-12612556992085120952007-12-03T23:45:00.001+00:002007-12-03T23:45:00.001+00:00more than happy to continue to make my house payme...more than happy to continue to make my house payments... its less than rent and i agreed to pay for it when i signed the paperworkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60448587122644753232007-12-03T23:45:00.000+00:002007-12-03T23:45:00.000+00:00I have this to say to you: you are stupid and a do...<I>I have this to say to you: you are stupid and a dope. I will win and you will lose. So who is the real loser?</I><BR/><BR/>So you're saying that your credit is shot and you don't have any money left for an emergency fund or to get returns of 40% by investing in emerging markets, metals, and commodities? Meanwhile, the house you're never gonna own is losing value every month for the next decade?<BR/><BR/>Wow, you are really f*cked! You're one serious car accident away from the homeless shelter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7152193773554263352007-12-03T16:43:00.000+00:002007-12-03T16:43:00.000+00:00Quote:#####The biggest threat we face as a nation ...Quote:<BR/>#####<BR/>The biggest threat we face as a nation is the current US culture. It is absolutely the worst culture in American history. There has never been such a degenerate and stupid population as we have today.<BR/>#####<BR/><BR/>Do I need to repeat myself again ? <BR/><BR/>The Americano is as toasted as a snapper turtle skewered from head to tail with a palm frond stick all sizzling, dropping fat juices over a bed of white hot grilled charcoal.<BR/><BR/>See if you can defend this ? Princer "Britney Spear" Mononoke...AndrewHachttps://www.blogger.com/profile/05114474456963405679noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37594819756132196222007-12-03T02:15:00.000+00:002007-12-03T02:15:00.000+00:00Reddy Watt - here is the tinyurl of the official l...Reddy Watt - here is the tinyurl of the official link<BR/><BR/>http://tinyurl.com/ytmjom<BR/><BR/><I>"To address this vulnerability, the department recently developed a long-term strategy intended to enhance international and domestic general aviation security by: identifying and vetting passengers and crew on international GA and private aircraft prior to entering and departing U.S. airspace;"</I><BR/><BR/>The noose is tightening. This will of course require ICE to hire hundreds of new goons to man the GA airport "checkpoints". And TSA will want to be part of it too...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46881141710316124432007-12-03T01:15:00.000+00:002007-12-03T01:15:00.000+00:00Class Action Suits Abound!!!<B>Class Action Suits Abound!!!</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49275101854236403612007-12-03T01:13:00.000+00:002007-12-03T01:13:00.000+00:00Welcome to the evil GOP.Welcome to the evil GOP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68688135877050349322007-12-02T23:43:00.000+00:002007-12-02T23:43:00.000+00:00Hey Rick J,Post more information on the DHS ICE em...Hey Rick J,<BR/><BR/>Post more information on the DHS ICE emigration program please.<BR/><BR/>I'd like to know what's going on with this.Reddy Watthttps://www.blogger.com/profile/10921022020593351840noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45926880423668543492007-12-02T21:40:00.000+00:002007-12-02T21:40:00.000+00:00THINK (if you are able, between sports games on TV...THINK (if you are able, between sports games on TV and blog 'authoring'): <BR/><BR/>When was the last time (or First for that matter...) that the Federal Government developed a program of ANY kind that 'worked' as it was designed? = NEVER.<BR/>(hint for the mentally challenged: Katrina, Iraq -Ring any Bells?)<BR/><BR/>Smug housedebtors that call me a DOPE, your time is coming. Keep that queer look and attitude like you got away with something for juuust a while longer...<BR/><BR/>When the Federal Govmnt 'HELPS' you, you are about to take it in the seat. Stock up on vaseline. You may need it sooner than you think... Inertia is a beautiful thing. Ask those who survived the depression of '29...<BR/><BR/>LOL. King "DOPE" in paid for home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79999828476661224812007-12-02T21:19:00.000+00:002007-12-02T21:19:00.000+00:00Wouldn't this scheme further destroy the value of ...<I>Wouldn't this scheme further destroy the value of CDO's and lock up the credit markets? </I><BR/><BR/>CDOs that were made from subprime, Alt-A or Option ARM MBS are already worthless - go to <A HREF="http://tinyurl.com/ypbgs8" REL="nofollow"> Tanta's UberNerd posts </A> at Calculated Risk and read the "MBS III" and "Leverage, Ratings, and Forced Unwind" posts.<BR/><BR/>CDOs are made of the more or less mediocre tranches of MBS - it's the only reason to make a CDO out of that stuff, you use fraudulent math and ratings to transmute BBB- or worse MBS into AAA CDO - and these are already doomed. Therefore, those super-senior AAA CDOs are also doomed, barring a miracle - or a bailout of some of the borrowers.<BR/><BR/>So 4% of something is way better than 10% of nothing.<BR/><BR/>Not that I'm in favor of the bailout, but if there's gonna be one, it needs to be form the bottom up, so that osme real human beings get helped out, not the Wall Street parasites.bobnhttps://www.blogger.com/profile/07715238134585125684noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86161497966773227092007-12-02T21:08:00.000+00:002007-12-02T21:08:00.000+00:00"** Special HP note to all underwater homedebtors ..."** Special HP note to all underwater homedebtors -<BR/>STOP MAKING PAYMENTS ON YOUR DEPRECIATING DEBT-TRAP TODAY!!! " - Keith<BR/><BR/>Right, even though I've got fixed rate loans I can afford, I should ruin my life and my credit record based on *your* advice based on some gov't program that may or may not happen in some form that may or may not resemble what is being written.<BR/><BR/>Although you've been right on the big point, sometimes you just sound stupid.bobnhttps://www.blogger.com/profile/07715238134585125684noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7359453413373792582007-12-02T20:39:00.000+00:002007-12-02T20:39:00.000+00:00anon 1:57 pm saidOtherwise, a total collapse Europ...anon 1:57 pm said<BR/>Otherwise, a total collapse Europe in the Dark Ages.<BR/>-------------------------<BR/>"DARK AGES"? aren't we already in the DARK AGES with "dark" Mexicans invading the US and "dark" muslims invading Europe?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17414140514913165152007-12-02T20:07:00.000+00:002007-12-02T20:07:00.000+00:00We did this to ourselves by working constantly and...We did this to ourselves by working constantly and not raising kids properly. Abandoning church, community and culture for a bag of sand with a hole in the bottom. <BR/>Now a generation of murderers has been raised. Barbarians who will sack the USA and burn everything in the name of nothing. <BR/>The rich won't escape this one. They will be brought out like the French Revolution and hung. Believe me, this is going to be the worst nightmare you can imagine. I expect National Socialism, with elimination of the elderly and handicapped in the end. If they can organize. Otherwise, a total collapse Europe in the Dark Ages.<BR/>~~~~~~~~~~~~~~~~~<BR/><BR/>You have nailed it on the head.<BR/><BR/>******Read Follett's "Pillars of the Earth" *************** On the bestseller list now. <BR/><BR/>Do we move to Canada or just raise chickens in the back yard?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8270591767515781552007-12-02T19:07:00.000+00:002007-12-02T19:07:00.000+00:00Bernanke and Paulson are looking at a five-story h...Bernanke and Paulson are looking at a five-story house of cards, and dabbing super glue here and there to try and hold it all together. One false move and it's aw sh_t! time.<BR/><BR/>Just a side note for those who think the feds are late to the party. DHS started a new program last month using ICE officers. They are now questioning people <I>leaving the U.S.</I> via small aircraft and charter airlines. IMO this is the first step in emigration control. Your very ability to leave the U.S. will soon be subject to some bureaucrat and his computer database.<BR/><BR/>Land of the free, home of the brave...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6135362774386443592007-12-02T18:50:00.000+00:002007-12-02T18:50:00.000+00:00"How can one [& the banks] regain their footing wh...<I>"How can one [& the banks] regain their footing when soem one keeps giving you a lazy boy recliner to sit on??"</I><BR/><BR/>Helping the homeowners is just a cover story. The real plan is to bail out the banks by allowing them five more years of huge profits to wash this crap off their balance sheets. The Fed will lower the discount rate 200 bp and this will permit Citi, JPMC, BoA, etc., to earn some serious cash from a carry trade. The banks will still have to write of a couple hundred billion +/-, but they will survive.<BR/><BR/>The USD & sub-prime home owners? Who cares, they are expendable. China and Japan have the gun to their heads too, and the ECB had better go along or they will also be toast. The losers will be American taxpayers and anyone living on a fixed income. Inflation will clean their clock over the next 5-10 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48671893293707791582007-12-02T18:34:00.000+00:002007-12-02T18:34:00.000+00:00You assholes are too stupid. There won't be a gove...You assholes are too stupid. There won't be a government bailout. The only bailout is the lower FFR and the SEC/FDIC being lenient on the banks balance sheets. There are so many delusional conspiracy nuts that you'd think this was the DailyKooks website.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15886702036528648632007-12-02T17:49:00.000+00:002007-12-02T17:49:00.000+00:00from MSNBC:By offering a broad approach to extend ...from MSNBC:<BR/><BR/>By offering a broad approach to extend the teaser rates for a certain period — officials and the industry are debating time periods of two to five years — it would allow between homeowners to keep making payments while the housing industry regains its footing.<BR/><BR/>-----------<BR/><BR/>How can one regain their footing when soem one keeps giving you a lazy boy recliner to sit on??stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20643075719710148742007-12-02T17:47:00.000+00:002007-12-02T17:47:00.000+00:00You should watch the news more. The IRS is no long...You should watch the news more. The IRS is no longer collecting taxes on forgiven mortgage debt. Thanks to your pals the Democrats who in order to "help homeowners" did away with that a few months ago.<BR/><BR/>----------------------------------<BR/><BR/>Sorry, wishful thinking. Some bills have been turned over to the Senate Re: cancelled debt, but nothing has been done with them. Don't expect it to be either.<BR/><BR/>Those cancelled debt "1099's" are alive and well. <BR/><BR/>Either way you look at it, the piper will need to be paid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57924990185510367742007-12-02T16:52:00.000+00:002007-12-02T16:52:00.000+00:00This "bailout" is just an election year ruse....ma...This "bailout" is just an election year ruse....maybe some will benefit, but most will not and it will take too much to implement. It's a lot of talk - but I am concerned about it "eviscreating the lower tranches" can someone explain...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81345058175745037992007-12-02T13:57:00.000+00:002007-12-02T13:57:00.000+00:00"There has never been such a degenerate and stupid..."There has never been such a degenerate and stupid population as there is today".<BR/>Right! They are so dependent on fast food, etc. Most can't even cook a potato. <BR/>What will happen if this economy crashes? They will murder each other for a happy meal.<BR/>I never saw so many dumb people in my life. But I will say this, our generation is responsible for this situation. We did this to ourselves by working constantly and not raising kids properly. Abandoning church, community and culture for a bag of sand with a hole in the bottom. <BR/>Now a generation of murderers has been raised. Barbarians who will sack the USA and burn everything in the name of nothing. <BR/>The rich won't escape this one. They will be brought out like the French Revolution and hung. Believe me, this is going to be the worst nightmare you can imagine. I expect National Socialism, with elimination of the elderly and handicapped in the end. If they can organize. Otherwise, a total collapse Europe in the Dark Ages.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53365168601620579082007-12-02T13:52:00.000+00:002007-12-02T13:52:00.000+00:00orry, but it doesn't work that way. You'll be toss...orry, but it doesn't work that way. You'll be tossed out of your house in a matter of months. Your credit will be destroyed, and the IRS will be after you for the cancelled lender debt.<BR/><BR/>==<BR/><BR/>You should watch the news more. The IRS is no longer collecting taxes on forgiven mortgage debt. Thanks to your pals the Democrats who in order to "help homeowners" did away with that a few months ago.<BR/><BR/>Keep voting Democrats everyone and all will be well, I promise. As soon as Hillary/Obama takes office all you HPers will get houses for $25.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59695891204960565362007-12-02T13:49:00.000+00:002007-12-02T13:49:00.000+00:00Anonymous said... The federal govt will be maki...Anonymous said...<BR/><BR/> The federal govt will be making up the 6% difference.<BR/><BR/> Keep dreaming. That would a few hundred billion a year. It would be 10x bigger than the S&L bailout. The investors will be screwed.<BR/><BR/> December 01, 2007 10:41 PM<BR/><BR/>=============<BR/><BR/>Asshole, it is called a BAILOUT for a reason. Put the crack pipe down and try thinking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68703458068449654782007-12-02T12:33:00.000+00:002007-12-02T12:33:00.000+00:00Sorry, but it doesn't work that way. You'll be tos...Sorry, but it doesn't work that way. You'll be tossed out of your house in a matter of months. Your credit will be destroyed, and the IRS will be after you for the cancelled lender debt. With your pathetic credit, good luck trying to rent a place. Oh, and if you ever find yourself in the employment market, you're toast. <BR/><BR/>Just a little reality check for you, Loser!<BR/><BR/>December 02, 2007 5:22 AM<BR/><BR/>===========================<BR/>Dont get riled that was just another "populist boob" angry at what he perceives to be a government bailout. So he decided to bait y'all with this story.<BR/><BR/>PS- I do love to read all the foolish people who really think they have a plan to survive this bust.They have no idea what this housing collapse really represents. Over 40 years of de industrialization, major declines in net physical output. This country has been operating below breakeven for decades now. <BR/><BR/>The biggest threat we face as a nation is the current US culture. It is absolutely the worst culture in American history. There has never been such a degenerate and stupid population as we have today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20779382372885565082007-12-02T07:51:00.000+00:002007-12-02T07:51:00.000+00:00Lee said "Yes, this is going to eviscerate the low...Lee said "Yes, this is going to eviscerate the lower Tranches of the CDO's and CLO's."<BR/><BR/>I don't think that will matter cuz the banks know those CDOs are already toast.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38620016650072994492007-12-02T07:30:00.000+00:002007-12-02T07:30:00.000+00:00The Federal safety net being suggested absurd. I e...The Federal safety net being suggested absurd. I expect that once the dust settles the good will and full faith and credit once assumed by US Banking officials will totally disappear. Not only will our fiat currency become mere paper, but the bonds that suggest a defined rate of return over the term will be worthless. Lets see what the rating agncies that lied and worked both sides of their ratings racket state the value of a bond that really has no legal certainty. <BR/><BR/>Lies upon lies (paper dollars and papaer IOUS as CDO backed instruments) instead of real wealth are the hallmark of a dead economic system.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53617359301405791242007-12-02T06:32:00.000+00:002007-12-02T06:32:00.000+00:00Anonymous said... THANKS FOR THE HOUSE!!!!! ...Anonymous said...<BR/><BR/><BR/> THANKS FOR THE HOUSE!!!!!<BR/> .<BR/> .<BR/> .<BR/> HAHAHAHAHA!!!!!<BR/> .<BR/> .<BR/> .<BR/> DOPES!<BR/><BR/><BR/> Thank the banks. We'll see if they can enforce their plan when thousands of investors start filing lawsuits for breach of contract. We'll find out what the Asians and Europeans do when they find out that investing in the US is less safe than investing in Venezuela or Zimbabwe<BR/><BR/> December 02, 2007 3:08 AM<BR/><BR/>Asians and Europeans will always invest in the U.S.A. because we are the largest economy in the world. We are the locomotive of the world economy. If we catch a sneeze, then they catch the flu. So they will always give us capital. Otherwise, they will hurt themselves. Don't you love it thought? We Americans live a good life while those idiot Europeans and Asians save, save, save and send it to us, so we can spend, spend, spend. I love it.Anonymousnoreply@blogger.com