tag:blogger.com,1999:blog-18675105.post8910529596137469393..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: FLASH: THE UNITED STATES TAXPAYER HAS JUST BAILED OUT THE KINGS OF THE GREAT HOUSING PONZI SCHEME - FANNIE MAE AND FREDDIE MACbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger76125tag:blogger.com,1999:blog-18675105.post-74927892109080761142008-07-14T21:57:00.000+01:002008-07-14T21:57:00.000+01:00I'll bet a lot of US Treasury 'loot' can be traced...<I><BR/>I'll bet a lot of US Treasury 'loot' can be traced to 'business interests' in Houston...</I><BR/><BR/>You're such a fuckin moron it's not even funny. The money is in Washington DC and Wall Street. You pea-brained moron. You sucker. You idiot. You birdbrain. You kool-aid drinking retard.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21680920862435828072008-07-14T19:14:00.000+01:002008-07-14T19:14:00.000+01:00Aw, all this stuff is in your heads. We've become ...Aw, all this stuff is in your heads. We've become a nation of whiners, haven't you heard? <BR/><BR/>St. McCain and his buddies think everything is just hunky-dory, nothing to worry about, close your eyes and think of Christmas. Just like the last 8 years of "What, me worry?" leadership.Davidhttps://www.blogger.com/profile/10790002907275266162noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77461248518831463422008-07-14T17:01:00.000+01:002008-07-14T17:01:00.000+01:00Anonymous Anonymous said... HA HA HA Once a...Anonymous Anonymous said...<BR/><BR/> HA HA HA<BR/><BR/> Once again HP loses. You dolts don't get it yet do you? The feds won't let any of these companies fail. Now be good little doomers and gloomers and go watch your 13" b&w tv in your shithole 1 bed 1 bath. The grownups have some work to do.<BR/><BR/> CHUMPS<BR/><BR/><BR/>--------------<BR/><BR/>You are 100% correct, but the value of the dollar will be chams after this! Everyone loses you fool!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58746025757047406122008-07-14T16:13:00.000+01:002008-07-14T16:13:00.000+01:00Explain to me what this has to do with gold? We ...Explain to me what this has to do with gold? We are seeing massive debt deflation across the board. The bottom is about to drop out of everything, including equities and, yes, precious metals.<BR/><BR/>http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/07/11/cnmoney111.xml<BR/><BR/>We're so screwed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85406183760653406052008-07-14T15:37:00.000+01:002008-07-14T15:37:00.000+01:00Afterthought said:"I propose that what is happenin...Afterthought said:"I propose that what is happening is that people have stopped paying mortgages, and banks are looking the other way in order to avoid write downs. That's how bad it is."<BR/><BR/>--------<BR/>Exactly correct AT. <BR/><BR/>Last week I opened a cd at a local large bank and of course, the banker associate and I naturally talked about the economy when he was opening my new account. <BR/><BR/>He was pleasant, and reassured me his bank was safe...anyway, he said here in Alameda and in San Leandro area there are 85 new bankruptsy notices mailed out every week. <BR/><BR/>He also said, that when a homeowner sees a neighboring house is getting forclosed, these homeowners promptly turn in the keys because they know forclosures dilute the value of everyone elses house on the block, and the homeowners on the brink of forclosure just mail in the keys when they find out there is one in their neighborhood. <BR/><BR/>It's that bad. Told to me by an employee of a local large bank.Miss Goldbughttps://www.blogger.com/profile/10801986805626811706noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4614775322182089402008-07-14T15:23:00.000+01:002008-07-14T15:23:00.000+01:00Bay area news ***Flash****Last night, all the loca...Bay area news ***Flash****<BR/><BR/>Last night, all the local news were running stories of the "mortgage" crisis. <BR/><BR/>Kicking off the story was the "IndyMac Bank Run" happening down in Pasadena, CA.<BR/><BR/>Second story about bay area forclosures. The city of Vallejo, CA has homes that were selling at the peak for $374,000 - today are selling for $132,000. This is news. The city of Vallejo has filed BK and laid off most city staff and cut police and fire services. <BR/><BR/>Second news story: East Oakland's forclosure problem. Showing a tour bus driving around potential buyers vacant, delapadated homes in east Oakland that have been forclosed. City officals directly blaming on TELEVISION mortage brokers, banks and real estate agents for their problems in east Oakland. <BR/><BR/>Don't think these events will not effect San Francisco, Santa Clara, Palo Alto, Lafayette, Orinda, Alameda....well, think again. <BR/><BR/>The carnage is coming, and its coming fast...oh, mama mia.Miss Goldbughttps://www.blogger.com/profile/10801986805626811706noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86967908745551176892008-07-14T14:12:00.000+01:002008-07-14T14:12:00.000+01:00>> Socialize the banks losses and privatize the pr...>> Socialize the banks losses and privatize the profits.<BR/><BR/>Have you even had an original thought this century?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73281487509942474092008-07-14T13:37:00.000+01:002008-07-14T13:37:00.000+01:00How appropriate that this is Bastille Day. Fire up...How appropriate that this is Bastille Day. Fire up the guillotine!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79381558851315486752008-07-14T13:36:00.000+01:002008-07-14T13:36:00.000+01:00So Keith, this time the shit hit the fan after you...So Keith, this time the shit hit the fan after you came back from Russia...<BR/>Most people don't understand anything more than gas is up, and doesn't that go back down in th fall? Wow the housing market sure is slow..<BR/>I don't know that the big story is that people are foreclosing on purpose, most people seem really stressed out by foreclosure, at least around here. There doesn't seem to be anyway to stop it right now...Maybe your house will get paid off, maybe it will be taken off your hands but a person is going to be left unable to pay for anything else, due to severe inflation.<BR/>How awful... how unbalanced... We live in SE michigan, there's been rumours of riots this summer in Detroit, everything is so expensive...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70192686068539790492008-07-14T13:03:00.000+01:002008-07-14T13:03:00.000+01:00So let's sum up:-Friday: Stock marcket dips on fea...So let's sum up:<BR/>-Friday:<BR/> Stock marcket dips on fear F&F may need a bailout. Government tells 'no bailout!'->Stock dips further<BR/><BR/>-Today:<BR/> Stock marcket surges on F&F bailout<BR/><BR/>WTF?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43011242538192591862008-07-14T11:46:00.000+01:002008-07-14T11:46:00.000+01:00Keith you are so transparent dude. Had your pal Ba...Keith you are so transparent dude. Had your pal Barry Hussein been doing this you'd be lauding him and calling him a hero for saving the financial workd from meltdown. <BR/><BR/>Come on man, admit it, you work for Barry's campaign.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32318453387246727862008-07-14T11:42:00.000+01:002008-07-14T11:42:00.000+01:00This has been a long time coming, at least 20 year...This has been a long time coming, at least 20 years. It is worse than most think. The moral underpinings of our nation have been removed. Check the history. Read about the 1920's. Gambling, drug epidemic, flappers, gangsters, booze, hookers, non stop parties, financial fraud, run away debt, crooked polliticians, real estate collapse, stock market collapes, job losses. Study the history. Every 80 years we have a 12 year depression. Best estimate 2010. Economics is nothing more than people, interacting with people. The doctor rips off the lawyer. The lawyer rips of the mechanic. The mechanic rips off the doctor and on and on. Price inflation. Charge whatever the market will bear until it all breaks down. First the tech stock bubble and Clintonian trickle down immorality. Then the real estate bubble. The gambler/investor class have been trying to bubble the stock market, but no one is biting. Now they are bubbling the oil futures, forcing gas prices though the roof. They run up the prices, sucker the average Joe in, and sell st the top. Joe average takes the loss. Don't fall for it. Always buy low, never at the top. The problem is Joe average is broke and lost his job. His company had to cut back because sales are dropping. Consumer spending is two thirds of the economy and the comsumer already has used up his home equity. Also his home is fifty percent overvalued and dropping. What is he going to borrow against and who is going to lend him the money to keep it all going? Is this too much truth to hear? Wake upAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32207912806778724442008-07-14T11:07:00.000+01:002008-07-14T11:07:00.000+01:00afterthought said:"Once the typical person living ...afterthought said:<BR/><BR/>"Once the typical person living in the shadows hears that his neighbor is saving thousands per month without penalty, they will do it too."<BR/><BR/>This is exactly what's going to happen. The government is basically saying: "it's OK if you don't pay your mortgage. We won't penalize you. Actually, we'll even help you out. But we'll help only if you fail to pay. Sorry we don't reward those who have been making their payments on time."<BR/><BR/>From now on, folks who continue to pay their lenders should be really dumb!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59140471400230858352008-07-14T10:39:00.000+01:002008-07-14T10:39:00.000+01:00What exactly does "simultaneous deflation and infl...<I>What exactly does "simultaneous deflation and inflation" look like?</I><BR/><BR/>For the super rich everything is a bargain, entire towns can be purchased for pennies...<BR/><BR/>For everyone else things will be 6000 X more expensive and there will be no jobs at which to earn at anyway.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47956622839924379362008-07-14T10:37:00.000+01:002008-07-14T10:37:00.000+01:00Democratic presidential contender Barack Obama sai...Democratic presidential contender Barack Obama said the government's main concern should be "to make sure that home ownership remains attainable and affordable for American families. Second, any measures should protect taxpayers and not bailout the shareholders and management of Fannie Mae and Freddie Mac."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75841967006380349942008-07-14T10:34:00.000+01:002008-07-14T10:34:00.000+01:00So does this mean that the US national debt increa...So does this mean that the US national debt increases _overnight_ by $5 trillion, since they are now explicitly saying that the taxpayer is on the hook for every loan backed by Fannie Mae or Freddie Mac? I don't remember agreeing to this....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58699629696400072552008-07-14T10:31:00.000+01:002008-07-14T10:31:00.000+01:00"This really blows away the notion of an implicit ..."This really blows away the notion of an implicit guarantee," independent banking consultant Bert Ely said of the Treasury's plan to ask Congress to allow it to make equity investments in Fannie Mae and Freddie Mac. "It suggests a greater concern about how these companies are doing. It says the problems are deeper. It gets to the solvency of the companies, not just the liquidity."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65804528539656876232008-07-14T09:02:00.000+01:002008-07-14T09:02:00.000+01:00Bailed out? Sounds like "embalmed" to me.> * Got g...Bailed out? Sounds like "embalmed" to me.<BR/><BR/>> * Got gold?<BR/><BR/>Got C-notes cheap for my wallpapering project.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15107072574552234342008-07-14T07:27:00.000+01:002008-07-14T07:27:00.000+01:00The time for a new revolution is at handThe time for a new revolution is at handAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32394715116955670392008-07-14T07:15:00.000+01:002008-07-14T07:15:00.000+01:00Scotty to Capt. Kirk: "She's [aka the greenback] g...Scotty to Capt. Kirk: "She's [aka the greenback] giving all she can Captain! The engines can't take much more!!!!"<BR/><BR/>The dollar is going to get abused more and more everytime Paulsen and the government go back to the well to bailout anyone and everyone, in ever increasing larger and larger amounts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87567151984365710432008-07-14T06:29:00.000+01:002008-07-14T06:29:00.000+01:00Got Bullets?Got Bullets?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59397074461095151012008-07-14T06:21:00.000+01:002008-07-14T06:21:00.000+01:00"Anonymous said... Three cheers for FDR's socialis..."Anonymous said... <BR/>Three cheers for FDR's socialist ponzi schemes. Let's run down that morons list of failed socialist ponzi schemes:<BR/><BR/>Social Security = failing<BR/>Medicare = failing<BR/>FHA = failing<BR/>GSE's = failed<BR/>FSLIC = failed<BR/>FDIC = failing"<BR/><BR/>All were fine until 6 years of Republican goverment. MISSION ACCOMPLISHED!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15491824107901811462008-07-14T06:10:00.000+01:002008-07-14T06:10:00.000+01:00NEW YORK, July 13 (Reuters) - U.S. banks may fail ...NEW YORK, July 13 (Reuters) - U.S. banks may fail in far greater numbers following the collapse of the big mortgage lender IndyMac Bancorp Inc, straining a financial system seeking stability after years of lending excesses.<BR/>More than 300 banks could fail in the next three years, said RBC Capital Markets analyst Gerard Cassidy.<BR/><BR/><A HREF="http://www.guardian.co.uk/business/feedarticle/7649271" REL="nofollow"> Full Article</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20469990320360656332008-07-14T05:25:00.000+01:002008-07-14T05:25:00.000+01:00What exactly does "simultaneous deflation and infl...<I><BR/>What exactly does "simultaneous deflation and inflation" look like?</I><BR/><BR/>It looks like Somalia.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71640413875736265682008-07-14T05:24:00.000+01:002008-07-14T05:24:00.000+01:00Welcome to the United Socialist States of America....<I>Welcome to the United Socialist States of America. Who knew W was a closet commie?</I><BR/><BR/>That would be the day he said,<BR/><BR/>"This is an impressive crowd - the haves and the have-mores. Some people call you the elites; I call you my base."<BR/><BR/><BR/>Republican wingnuts of the world, put on your Burberrries! You have nothing to gain except everybody's money!Anonymousnoreply@blogger.com