tag:blogger.com,1999:blog-18675105.post6688540801620388529..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Congressman Brad Sherman stood up against the banker bailout bill and the foreign investors who will now take our money. And he failed.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-18675105.post-81185860976282321162008-10-07T22:41:00.000+01:002008-10-07T22:41:00.000+01:00Keith, Just wanted you know that Rep. Christophe...Keith, <BR/><BR/> Just wanted you know that Rep. Christopher Shays (R-CT),feels your rage, even if he voted for the damn thing anyways (from the Hartford Courant):<BR/><BR/>"In some districts, it was literally 1,000-1," Shays said. "Nobody wanted it."<BR/><BR/>"Some of my constituents would sooner walk the bread lines than to see wealthy Wall Street tycoons not pay for what they've done. There was a real sense that these folks have to feel some pain," Shays said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89665987014365003102008-10-07T05:17:00.000+01:002008-10-07T05:17:00.000+01:00If I understand this right, the US banks would hav...If I understand this right, the US banks would have little or no incentive to buy crap from China, they have enough crap on their own books to get rid of.<BR/><BR/>The only way significant amounts of securities from foreign countries would be bought up would be if the treasury made backroom deals with US banks to do this, and warned them that this bailout was not for them. (Of course other bailouts will be for them).<BR/><BR/>It is very suspicious that Paulson and Bernanke specifically refused to allow a clause that require securities being bought to have been in the possession of US banks as of Sept 20.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42101809637386932232008-10-07T05:07:00.000+01:002008-10-07T05:07:00.000+01:00"Hmmmmm. Doesn't this keep the value of the dollar..."Hmmmmm. Doesn't this keep the value of the dollar up at least in the short term? Is that why the dollar has been rallying so hard as of late?"<BR/>-Mike Hunt<BR/><BR/>A lot of us have been wondering about that. I have read/heard through the Financial Sense website that the reason is that the European banks don't lend to each other anymore so they have to trade their euros for dollars to unwind various assets. And no, I don't understand it.<BR/><BR/>The upshot is that this is a temporary phenomenon that will end soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88114470420309610592008-10-06T02:50:00.000+01:002008-10-06T02:50:00.000+01:00Shoes! U.S. imports 2005 about 2 bpairs / yr $70B...Shoes! U.S. imports 2005 about 2 b<BR/>pairs / yr $70B, 40% from China.<BR/>(US once supplied all its<BR/>own shoes and exported some).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30092036203876174692008-10-05T21:43:00.000+01:002008-10-05T21:43:00.000+01:00"Our word is backed by the full faith and credit o..."Our word is backed by the full faith and credit of the most powerful entity in the world; the United States federal government."<BR/><BR/>This is a joke, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-962712331091846892008-10-05T20:43:00.000+01:002008-10-05T20:43:00.000+01:00Keith, where was your messiah to stop this? I thou...Keith, where was your messiah to stop this? I thought your messiah stood for change?? And hope?<BR/><BR/>October 05, 2008 6:25 PM<BR/><BR/>=====<BR/><BR/>I HOPED Obama would CHANGE his mind and vote against the bill. <BR/><BR/>He didn't. No surprise there. Yet the HP lemmings will vote for him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20580443079360479692008-10-05T19:07:00.000+01:002008-10-05T19:07:00.000+01:00This guy Nick who posts here pisses me off. I get ...This guy Nick who posts here pisses me off. I get angry reading about how this guy exploited the system, made wrong/immoral choices and now he will end up getting a lower mortgage out of all of this! <BR/><BR/>Nick is the Casey Serin of our time. He represents millions of Americans who lived beyond their means and now they are "struggling homeowners trying to keep their home". <BR/><BR/>So the lesson HP'ers is that honesty and integrity does not pay in America. We should all become like Nick/Casey Serin.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28693309211923143662008-10-05T18:25:00.000+01:002008-10-05T18:25:00.000+01:00Keith, where was your messiah to stop this? I tho...Keith, where was your messiah to stop this? I thought your messiah stood for change?? And hope?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22712372013651351472008-10-05T18:20:00.000+01:002008-10-05T18:20:00.000+01:00Has anyone heard how the deployment of US troops p...Has anyone heard how the deployment of US troops poised to kill/beat the shit out of any Americans who protest when the final depression deal goes down?<BR/><BR/>You know the one redeployed to Colorado from the mid east war to the Bush-Cheney financial collapse war in America?<BR/><BR/>Remember Kent State?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9005866238448632702008-10-05T18:04:00.000+01:002008-10-05T18:04:00.000+01:00i figured china was the main reason for this bill ...i figured china was the main reason for this bill all along.<BR/><BR/>i am not surprised.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35481390731905350182008-10-05T18:00:00.000+01:002008-10-05T18:00:00.000+01:00Well, look at it this way: the Chinese and other c...Well, look at it this way: the Chinese and other countries suppied America with real goods for many many years. Now they want to be paid with real money or real goods. Is this too much for them to ask for?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-323310911765838092008-10-05T17:55:00.000+01:002008-10-05T17:55:00.000+01:00Hmmmmm. Doesn't this keep the value of the dollar...Hmmmmm. Doesn't this keep the value of the dollar up at least in the short term? Is that why the dollar has been rallying so hard as of late? Because the Chinese and Arabs are going to keep buying our debt since we are repaying them on the CDO's? Sounds fair to me. The dollar's day of reckoning has just been pushed back.<BR/><BR/>-MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24212994056892031582008-10-05T17:53:00.000+01:002008-10-05T17:53:00.000+01:00January 8, 2008"$53 TRILLION AND GROWING""Here are...January 8, 2008<BR/><BR/>"$53 TRILLION AND GROWING"<BR/><BR/>"Here are some quotes from the 2007 Financial Report to highlight just how dire the US government’s financial condition really is. Let’s start with some comments by the Comptroller General of the United States:"<BR/><BR/>“Certain material weaknesses in financial reporting and other limitations on the scope of our work resulted in conditions that, for the 11th consecutive year, prevented us from expressing an opinion on the financial statements...”<BR/><BR/>http://tinyurl.com/2qzd9vAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20754675541262313582008-10-05T17:40:00.000+01:002008-10-05T17:40:00.000+01:00I'm from the UK and I suspect that at least a litt...I'm from the UK and I suspect that at least a little bit of the $700bn will be used to buy up bad UK debts. I would just like to offer my condolences to the US taxpayers and also feel that it would be ungrateful not to say this:<BR/><BR/>Thank you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26925781856410087112008-10-05T17:16:00.000+01:002008-10-05T17:16:00.000+01:00Brad Sherman is my congressman, thank god.By stick...Brad Sherman is my congressman, thank god.<BR/><BR/>By sticking to his principals, he gets my vote in november. <BR/><BR/>As for Boxer and Feinstein, bupkiss. I won't 'spoil' my ballot, but I'm not crossing any boxes for the Sentaors, nor their opponents.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60775171223368970372008-10-05T17:12:00.000+01:002008-10-05T17:12:00.000+01:00Kagen of Wisconsin voted "no" both times. But his...Kagen of Wisconsin voted "no" both times. But his opponent, a career politician, makes it sound like he voted "yes" both times. I think it is one hell of a political foot ball.<BR/><BR/>Them that have, get more. Those who have little will get to pay for this crazy business.<BR/><BR/>The conservatives (including Ron Paul)are the ones who created this mess with all their deregulation. I hope the Democrats can fix it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57903087291467752762008-10-05T16:57:00.000+01:002008-10-05T16:57:00.000+01:00God damn them to hell! The one worlders are sellin...God damn them to hell! The one worlders are selling the people into slavery. They need to be put up against the wall. This will not stand. In the end these vile cowards will be found and they will pay for their greed and treachery.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4827190096792806732008-10-05T16:22:00.000+01:002008-10-05T16:22:00.000+01:00This week banks will close. Get prepared.This week banks will close. Get prepared.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80604882473367728202008-10-05T16:16:00.000+01:002008-10-05T16:16:00.000+01:00This is scandalous too.T. Boone Pickens proposing ...This is scandalous too.<BR/><BR/>T. Boone Pickens proposing a plan based on wind, THAT HE KNOWS IS INFEASIBLE.<BR/><BR/>Why would he do such a thing?<BR/>Good Question.<BR/><BR/>His concern is that twenty years from now we're still as dependent on oil, of which he owns a shitload of assets. Think about it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74518519053647469602008-10-05T16:14:00.000+01:002008-10-05T16:14:00.000+01:00Keith, no one distrusts this administration more t...Keith, no one distrusts this administration more than I, but can you please site a source to turn to for a confirmation of the China/Saudi connection. This is grounds for immediate impeachment. Oh wait would that make a bigger nightmare (Cheney) president.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42817863470901960742008-10-05T16:10:00.000+01:002008-10-05T16:10:00.000+01:00Sherman speaks as if the people (us who pay our no...Sherman speaks as if the people (us who pay our non-representatives) have a choice as to whether the bill passes or not - we have none.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68130971666122761922008-10-05T15:56:00.002+01:002008-10-05T15:56:00.002+01:00Bill Clinton admits on National TV that the Democr...Bill Clinton admits on National TV that the Democrats are at fault with the housing ponzi scheme:<BR/><BR/>www.youtube.com/watch?v=3YHTzi6nRUEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22048257066453701542008-10-05T15:56:00.001+01:002008-10-05T15:56:00.001+01:00Main Stream Media + Everyday Joe Stupidity = Third...Main Stream Media + Everyday Joe Stupidity = Third World Cess Pit<BR/><BR/>I' nobody. I knew this shit. Therefore everyone can know this. It's thumb-sucking regression.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91904724880231560402008-10-05T15:56:00.000+01:002008-10-05T15:56:00.000+01:00Why did way more Democrats than Republicans in Con...Why did way more Democrats than Republicans in Congress just vote for it?? <BR/><BR/>That's going to come back and haunt them...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66496114078397908592008-10-05T15:53:00.000+01:002008-10-05T15:53:00.000+01:00I don't feel very good at all about the Senate . 7...I don't feel very good at all about the Senate . 74 to 25 votes in the Senate for the Bail Out . Senator Shelby and Senator Bunning voted against it and have also been very vocal about the opposition ,so they are walking their talk ,along with the others .<BR/><BR/>I would like to know why Senator Dodds is always the guy running the show on Senate hearings and hes always the guy pushing Bail Outs from day one.If you go back to when the melt down first started with Countrywide you will see that Mozilo was the guy who first started screaming the government has to do something talk .<BR/>Mozilo makes junk loans so he can pump and dump his company stock and it blew up before he could get out of Dodge .How many other creeps are using politicians to change their position in the blow up .Anonymousnoreply@blogger.com