tag:blogger.com,1999:blog-18675105.post7806371009170424977..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Home values plummeting, hedge funds failing, banks shutting down, stocks falling, lenders and hedge funds imploding... And no surprises for HP'ers...bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger73125tag:blogger.com,1999:blog-18675105.post-12266644267488358152007-08-17T10:57:00.000+01:002007-08-17T10:57:00.000+01:00Helloo, IndyMac...you so quiet lately? Wassuuuuppp...Helloo, IndyMac...you so quiet lately? Wassuuuuppp??!!??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47928579397811941822007-08-17T10:49:00.000+01:002007-08-17T10:49:00.000+01:00"Wonderful Analysts" from Wall Street: I heard tha..."Wonderful Analysts" from Wall Street: I heard that Wal-Mart is hiring...oops, sorry, but sales are sucking there too. Watch out for the avalanche of pink slips coming...good luck!<BR/><BR/>"Pink slips hit Wall St.; Bear Stearns pares 240<BR/><BR/>After years of record bonuses and strong hiring, it may be time for Wall Street professionals to hunker down for more trying times.<BR/><BR/>LONDON (CNN) -- Job cuts have begun at Bear Stearns and that could mark the start of a broader wave of layoffs across Wall Street as firms survey the damage caused by the recent downturn in financial markets.<BR/><BR/>Some 240 employees at a Bear Stearns lending unit were laid off Wednesday, according to a company spokesperson.<BR/><BR/>The pink slips come a little more than a month after two of the firm's hedge funds blew up, ultimately costing Bear Stearns co-president Warren Spector his job.<BR/><BR/>The meltdown in financial markets is likely to lead to more job cuts on Wall Street, headhunters say.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61606611779109762792007-08-17T10:37:00.000+01:002007-08-17T10:37:00.000+01:00Hooo-wee, Australian dollar is in the toilet...nex...Hooo-wee, Australian dollar is in the toilet...next the American dollar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44223524981541086022007-08-17T10:34:00.000+01:002007-08-17T10:34:00.000+01:00DOPES must be getting screwed in this market. bwah...DOPES must be getting screwed in this market. bwahahaha. Hey DOPES guy, time to buy CFC stocks, real estate, and a POS Ford. Maria "Lend Me Your Corporate Jet" Bartoramo said so.<BR/><BR/>Note to PPT: you can try to pull this market up with your pathetic last hour buys (like yesterday and probably today) as much as you want, because this mofo is going down anyway. Nobody is buying your PPT pathetic scheme anymore...you can pull the market on Friday by printing money, just to collapse on Monday. Give it up, HeliBen!<BR/><BR/>Burn Baby Burn.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37540910827454355092007-08-17T05:47:00.000+01:002007-08-17T05:47:00.000+01:00AnanyTroll said: Countrywide just got $11 BILLION ...AnanyTroll said: <I>Countrywide just got $11 BILLION to get them through this blip, from banks because their business model is so strong. <BR/><BR/>Record profits at Fod, GM, Toyota, United and Delta!<BR/><BR/>Record employment numbers, a surging economy, and lower gas prices.<BR/><BR/>Some crash!<BR/><BR/>DOPES </I><BR/><BR/>So what do you make of all the talk of "subprime meltdown" that's being talked about non-stop on all the financial news networks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29262918493654755482007-08-17T03:24:00.000+01:002007-08-17T03:24:00.000+01:00"Most of us thought it was bad, we never dreamed i...<B>"Most of us thought it was bad, we never dreamed it would unravel this fast though. T-Bills for me."</B><BR/><BR/>T-Bills? WTF, over. Maybe yen or yuan, but don't be dumb and buy T-Bills. Better yet, get some EFT gold 'cause inflation is going to eat your lunch and dinner too. By the time the dust settles on this mess, there will be a cool $2-4 trillion extra in circulation worldwide. The dollar will be 10%-20% lower.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7162047343222979702007-08-17T03:08:00.000+01:002007-08-17T03:08:00.000+01:00"HPers-After all the debate about Deflation,or Inf...<B>"HPers-After all the debate about Deflation,or Inflation I think we have a winner. Deflation"</B><BR/><BR/>Do you even know what inflation means shankenomics? Money supplies around the world were growing an average of 14% even before this latest round of emergency liquidity injections. Anyone who thinks that leads to deflation is just plain stupid. The central banks are going to inflate away this little blip, and you and I will pay for it through increased prices and taxes. Average house prices will be higher two years from now than they are today.<BR/><BR/>And all of you HPers squealing with glee over Countrywide and predicting its imminent collapse are fools. There is no way the Fed will allow Mozilo and the boyz to go bust. They are too big to fail and they will get whatever funds are needed to cover their ass. And oh yeah, the big 8/16 redemption-day market meltdown - IT NEVER HAPPENED! The PPT stepped in to fix the market, and once again dashed your dreams of Armageddon.<BR/><BR/>When will you HP fools learn? DON'T FIGHT THE FED!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29064610099518215562007-08-17T01:20:00.000+01:002007-08-17T01:20:00.000+01:00Anonymous said... Countrywide just got $11 BILLION...Anonymous said... <BR/>Countrywide just got $11 BILLION to get them through this blip, from banks because their business model is so strong. <BR/><BR/>Record profits at Fod, GM, Toyota, United and Delta!<BR/><BR/>Record employment numbers, a surging economy, and lower gas prices.<BR/><BR/>Some crash!<BR/><BR/>DOPES <BR/><BR/>August 16, 2007 9:18 PM <BR/>-----------<BR/>OMG, unbelievable CFC moving to totally drain a line of credit before rates are jacked through the roof or worst its taken from them and touted as a very bad sign by everyone else in the financial universe and your saying this is a positive sign??? Guess what they are only going to loan it in 417k pieces and to prime buyers, because those are the only loans moving right now, and how long will that keep CFC going?!! Not long my friend, not long at all, pretty soon Orangzillo will be hanging out with you in an orange jumper.<BR/><BR/>PS - its spelled "F-O-R-D" not fod, and they suck. My father worked for them, he told me never to own one and I screwed up and bought a Lincoln, only to find out it was just a Ford w/ a different label but the same cheap worthless overpriced cr@p underneath. The only profits they make are on fools who do not realize that they are just junk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10832247074889167592007-08-17T00:28:00.000+01:002007-08-17T00:28:00.000+01:00My neighbors across the street, also renters, are ...My neighbors across the street, also renters, are moving. They were paying $3,800 for a house that would cost $8,000/month to "buy" on a 30-year loan (i.e. rent from a bank). The landlord, instead of trying to rent it out, is moving into it and selling their primary residence.<BR/><BR/>I guess they're tired of having $4,200 negative cash flow ... and since our house is bigger and we're only paying $3,500 in rent and rents are still dropping, they'd be lucky to get $3,200 for that house, let alone $3,800 rent.<BR/><BR/>And to think they "own" it for $8,000/month ... fools!!!Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52986095508698479702007-08-16T22:51:00.000+01:002007-08-16T22:51:00.000+01:00Well folks this is getting ugly fast. Most of us t...Well folks this is getting ugly fast. Most of us thought it was bad, we never dreamed it would unravel this fast though. T-Bills for me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79558781214712069662007-08-16T22:38:00.000+01:002007-08-16T22:38:00.000+01:00ok folks, its over now. the markets have had their...ok folks, its over now. the markets have had their ten percent correction and now it is full steam ahead. no worries mate. everything is just fine...move alone people. there is nothing to see here....move along....<BR/><BR/>NOT!!!!!!!!!!!<BR/><BR/>HA HA HA HA HA HA HA HA HA HAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39235625676548763372007-08-16T22:05:00.000+01:002007-08-16T22:05:00.000+01:00Did anyone notice the action of the PPT (Plunge Pr...Did anyone notice the action of the PPT (Plunge Protection Team) in the last minutes of trading (US Market)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65652489726150698692007-08-16T21:18:00.000+01:002007-08-16T21:18:00.000+01:00Countrywide just got $11 BILLION to get them throu...Countrywide just got $11 BILLION to get them through this blip, from banks because their business model is so strong. <BR/><BR/>Record profits at Fod, GM, Toyota, United and Delta!<BR/><BR/>Record employment numbers, a surging economy, and lower gas prices.<BR/><BR/>Some crash!<BR/><BR/>DOPESAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55456292326160538192007-08-16T20:12:00.000+01:002007-08-16T20:12:00.000+01:00Who needs a mortgage lender anyways?Just additiona...Who needs a mortgage lender anyways?<BR/><BR/>Just additional costs that don't amount to much for the home debter.<BR/><BR/>Problem is, what *good*, *sustainable* jobs will there be for most of the CountryWide personnel that will soon be laid off like the rest?<BR/><BR/>Too much of our economic growth was based on housing, now we'll see just how "creative" we are in pulling the economy through these very tough times ahead for so many.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77675212343567686612007-08-16T17:55:00.000+01:002007-08-16T17:55:00.000+01:00today on cnbc on squawk on the street, mark haines...today on cnbc on squawk on the street, mark haines was about to go to commercial and he thought it was a countrywide commercial and he started talking and suddenly erin broke in and told him that countrywide had cancelled all their advertising on cnbc......<BR/><BR/>oh my.<BR/><BR/>gee , ya think?????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32100973318039386042007-08-16T17:53:00.002+01:002007-08-16T17:53:00.002+01:00where is dopes?where is dopes?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61637569571325331822007-08-16T17:53:00.001+01:002007-08-16T17:53:00.001+01:0019291929Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85275576027906108272007-08-16T17:53:00.000+01:002007-08-16T17:53:00.000+01:0019291929Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50659212805454736202007-08-16T17:49:00.000+01:002007-08-16T17:49:00.000+01:00all hell is breaking loose and keith is on a cruis...all hell is breaking loose and keith is on a cruise....keith, you are now officially recalled to base....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50695604804917974142007-08-16T16:28:00.000+01:002007-08-16T16:28:00.000+01:00MSN on top of the slowdown, Yay!http://tinyurl.com...MSN on top of the slowdown, Yay!<BR/><BR/>http://tinyurl.com/274x27Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33606048666209443882007-08-16T16:09:00.000+01:002007-08-16T16:09:00.000+01:00Moody's, a leading rating agency, said it downgrad...Moody's, a leading rating agency, said it downgraded Countrywide Financial's senior debt ratings to Baa3 from A3. Baa3 is the lowest investment-grade rating. All of Countrywide's ratings remain under review for further downgradeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60653191843905454972007-08-16T16:07:00.000+01:002007-08-16T16:07:00.000+01:00KWEEFER you picked a shitty week for a vacation br...KWEEFER you picked a shitty week for a vacation brutha.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67859825726315359552007-08-16T14:07:00.000+01:002007-08-16T14:07:00.000+01:00My house sale in Buffalo, where the market is stil...My house sale in Buffalo, where the market is still good, closes the end August. Every night I go to bed praying that we make it to the closing date!<BR/><BR/>I will never be so happy as I will to be rid of this property. Don't get me wrong, I am making a ton of money on it. I just want it in my hand!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8141915304416542102007-08-16T14:02:00.000+01:002007-08-16T14:02:00.000+01:00I just talked to a friend who bought a condo in so...I just talked to a friend who bought a condo in southern California in 2005 with an adjustable rate mortgage. Obviously, he realizes it was a bad investment. <BR/><BR/>Here is the thing, his bank has offered him a 6.75 fixed rate, 30 year refi for 500.00 dollars!! That is it, no other fees!<BR/><BR/>I made the comment the bank would not be making that offere unless they were scared shitless that everyone was going to default!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66233750260813077952007-08-16T13:10:00.000+01:002007-08-16T13:10:00.000+01:00Dam Countrywide really is going down maybe this mo...Dam Countrywide really is going down maybe this month. Knew I should have bought more than 100000 PUTS on the orange one.<BR/><BR/>Oh well that should buy a nice house can't be to greedy.Anonymousnoreply@blogger.com