tag:blogger.com,1999:blog-18675105.post9142946610784001645..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: June 2005: TIME Magazine's infamous housing porn cover nails the bubble peak. Sept 2008: TIME Magazine cover FINALLY mentions the housing collapse.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-18675105.post-19509193312190772282008-09-28T16:23:00.000+01:002008-09-28T16:23:00.000+01:00TIME magazine = adult comic book.TIME magazine = adult comic book.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80871264006528244642008-09-27T22:21:00.000+01:002008-09-27T22:21:00.000+01:00Since I wasn't one of the parties that lied on my ...Since I wasn't one of the parties that lied on my loan application ,and I always pay my bills ,and I'm not in debt , and I work hard for what I get in life ,why am I paying . <BR/>Arrest all the crooks ,including anybody that took part in the scheme <BR/>and make them pay . <BR/><BR/>A court of law would try to establish blame and a court of law would not make a innocent party pay any of it . I think its clear that anybody that was fraudulent <BR/>was taking advantage for perceived get rich quick motives . <BR/><BR/>Was Cox a fool when he thought that investment firms would self-regulate ? Did Wall Street not know that they were passing <BR/>bad junk to investors ,or did they just breach their duty to underwrite loans because it would stop the Ponzi Scheme that was making them so much money ? <BR/><BR/>You know in law they have a concept of "You Should of Known ",meaning that if its to far-fetched that Wall Street would not of known ,than its considered deliberate . People knowingly continued with the scam because they didn't want to stop the money pumping profit making machine .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67956097577466354572008-09-27T22:04:00.000+01:002008-09-27T22:04:00.000+01:00Who is to blame ...You left out the crook Politici...Who is to blame ...You left out the crook Politicians who were bought out by the fat cat lenders . The Politicians passed the laws that were favorable to the Wall Street/Corporation agenda . <BR/><BR/>I also heard today that the Lawmakers in both houses were fighting over the part of the Bill <BR/>that will bail out Foreign banks or investments firms . <BR/><BR/> Also ,I'm counting 2 trillion in total of what the government is actually taking with all these bail outs and injections when you add them all up . Plus Plauson wanted a Blank check to take more if necessary .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79238835143041752812008-09-27T20:58:00.000+01:002008-09-27T20:58:00.000+01:00Marcy Kaptur - A new housingpanic star is born!Marcy Kaptur - A new housingpanic star is born!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12513690954212056732008-09-27T19:09:00.000+01:002008-09-27T19:09:00.000+01:00http://www.youtube.com/watch?v=S27yitK32dshttp://www.youtube.com/watch?v=S27yitK32dsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91051958197774075542008-09-27T18:05:00.000+01:002008-09-27T18:05:00.000+01:00Ah... TIME - The weekly fiction magazine. Or perh...Ah... TIME - The weekly fiction magazine. Or perhaps you could read NEWSREEK or US Skew and World Distort. It's all BS and has been for years. It's why I read the Nation - at least they actually do journalism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19220351391027085452008-09-27T17:39:00.000+01:002008-09-27T17:39:00.000+01:00Yes, way to late. TIME sucks. Anyone who reads tha...Yes, way to late. TIME sucks. Anyone who reads that rag is a moron.<BR/><BR/>And the cover is wrong too. It lays all the blame on Wall Street when the blame goes ALL AROUND. Yes, the Street has a lot to shoulder, but the following share the blame equally:<BR/><BR/>- The Community Reinvestment Act of 1977; and amended by the Clinton Administration in the 1990s which forced banks to lend to high risk borrowers.<BR/>- The Housing activist groups like ACORN and NACHA (in Boston), and thousands of others like them.<BR/>- Borrowers who lied.<BR/>- Flippers who lied.<BR/>- Realtwhores<BR/>- Appraisers<BR/>- Mortgage companies that committed fraud (all of them did), and created toxic loans known as subprime, alt-a, option arm, low doc, no doc, no income, etc. etc. etc.<BR/>- Credit agencies that rubber-stamped the MBS's and CDO's, giving them AAA ratings when they should have been rated Junk.<BR/>- Investment Banks that bought the MBS's and CDO's, and drove the securitization. They also took on leverage at 30 and 40 to 1, creating a house of cards.<BR/>- The Fed for keeping interest rates too low for too long.<BR/><BR/>TIME has it wrong by just blaming the Street. It is a worthless rag of a magazine.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78461052665933851462008-09-27T17:24:00.000+01:002008-09-27T17:24:00.000+01:00If you are expecting the truth from Time magazine,...If you are expecting the truth from Time magazine, you are sadly misguided.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9167782194897986222008-09-27T17:00:00.000+01:002008-09-27T17:00:00.000+01:00>Their headline should read "How Wall Stre...<B>>Their headline should read "How Wall Street and the Mainstream Media Sold Out America"</B><BR/><BR/><BR/>Best comment of the month.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25281767091713270692008-09-27T16:44:00.000+01:002008-09-27T16:44:00.000+01:00Journalists and realestate agents;no difference. T...Journalists and realestate agents;no difference. The good ones are few and far between.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70105160443773351592008-09-27T16:17:00.000+01:002008-09-27T16:17:00.000+01:00Keith,Send 'em a link to HP. Maybe, one of those ...Keith,<BR/><BR/>Send 'em a link to HP. Maybe, one of those retard reporters will actually do a SENSIBLE thing, and put a link to your blog. On second thought, I don't think those reporters at Time have that much intelligence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77780071743719830282008-09-27T15:31:00.000+01:002008-09-27T15:31:00.000+01:00TIME is a horrible left wing communist rag publica...TIME is a horrible left wing communist rag publication. Every journalist, if you can call them that, is a card carrying member of the communist party and they keep a copy of the Marixist Communist Manifesto in their night table in lieu of the Bible.<BR/><BR/>F, Time mag.... i love how it used to be a quarter inch thick and has been reduced to a 'pamphlet'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80576788123095352182008-09-27T15:18:00.000+01:002008-09-27T15:18:00.000+01:00Keith, I don't know why you care so much about tha...Keith, I don't know why you care so much about that left wing manipulation rag. I realized when I was in my early teens while I was sitting on the can leafing through it's propaganda pages that it was full of things that someone else wanted you to think.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13257004047514101592008-09-27T14:45:00.000+01:002008-09-27T14:45:00.000+01:00So since it was time to sell in 2005, is it time t...So since it was time to sell in 2005, is it time to buy in 2008?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63675977304329832702008-09-27T13:38:00.000+01:002008-09-27T13:38:00.000+01:00Officially out of denial, even for the retards.Officially out of denial, even for the retards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23512830241741544012008-09-27T12:14:00.000+01:002008-09-27T12:14:00.000+01:00gotta love this WaMu ad from '06http://www.youtube...gotta love this WaMu ad from '06<BR/><BR/>http://www.youtube.com/watch?v=laot_Eomr3sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59087324619323909262008-09-27T10:57:00.000+01:002008-09-27T10:57:00.000+01:00Their headline should read "How Wall Street and th...Their headline should read "How Wall Street and the Mainstream Media Sold Out America"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50347402244835281682008-09-27T10:14:00.000+01:002008-09-27T10:14:00.000+01:00Time is doing their usual excellent job of being a...Time is doing their usual excellent job of being a contrary indicator. Whenever a trend makes the cover of Time magazine, it usually means that everyone has already jumped aboard that trend and now it is over.<BR/><BR/>Wait until they have a cover decrying the Death of Housing, and then it will probably be "time" to buy again.Anonymousnoreply@blogger.com