tag:blogger.com,1999:blog-18675105.post9190700998433325130..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Wall Street or Main Street?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-18675105.post-77217874933350069492008-03-24T00:35:00.000+00:002008-03-24T00:35:00.000+00:00NONE of them are economists. McCain is the only o...NONE of them are economists. McCain is the only one with enough integrity to admit it. He's also the only one who seems to understand it's NOT THE PRESIDENT'S JOB to try to muck around with every damn thing that happens in the news, the economy, the world, etc.<BR/><BR/>No matter what, the situation will be bad. McCain will do the least to make it actually worse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58397794335703742942008-03-22T15:35:00.000+00:002008-03-22T15:35:00.000+00:00When was the last time you heard a presidential ca...When was the last time you heard a presidential candidate say "I don't know"..."not my thing" about ANYTHING! Refreshing. I'll vote for McCain. That takes BALLS. Are we so lost as a culture that we can't recognize honesty anymore, furthermore we don't want it. Maybe the themesong for Americans should be the Cheryl Crow song "Lie To Me"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66242190351723280852008-03-22T03:00:00.000+00:002008-03-22T03:00:00.000+00:00K.W said:Jim Rodgers stated ... "The Fed Has Given...K.W said:<BR/><BR/>Jim Rodgers stated ... "The Fed Has Given up on the Dollar".<BR/>--------------<BR/>I'd say Ben Bern has given up on the American taxpayer. Here's an article by Businessweek titled:<BR/>"The Fed's too Easy on Wall Street."<BR/><BR/>http://tinyurl.com/3aat4n<BR/><BR/>It says:<BR/>"New York City securities industry firms paid out a total of $137 billion in employee bonuses from 2002 to 2007, according to figures compiled by the New York State Office of the Comptroller. Let's break that down: Wall Street honchos earned a bonus of $9.8 billion in 2002, $15.8 billion in 2003, $18.6 billion in 2004, $25.7 billion in 2005, $33.9 billion in 2006, and $33.2 billion in 2007."<BR/><BR/>And now Ben Bern is using taxpayers' money to pay those same firms that have paid all those bonuses! NOT TO BE BELIEVED!!!<BR/><BR/>MAXAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47559179632606366762008-03-22T01:49:00.000+00:002008-03-22T01:49:00.000+00:00The free market is in the process of cleansing the...<I>The free market is in the process of cleansing the system just fine. It needs to run its course.</I><BR/><BR/>You've said many times you think a lot of banks, including some big ones, are going to fail. I think you also agree that the counterparty risks in the derivatives markets have built up to the point where the entire banking system would collapse if only one or two big ones went down. So a global banking shutdown and accompanying stock-market crash would be "just fine"?<BR/><BR/>Maybe if you have no savings or investments, and are young enough to start from scratch saving for retirement. Casey Serin would probably be down with that. Even he might not like months of chaos as ATMs stop working, credit cards stop working, bills stop being paid, paychecks stop coming in.<BR/><BR/>Mmmmm, speaking of the chaos, won't the FDIC be forced to make good on most of the accounts anyway? And in receivership liquidate all the assets at pennies on the dollar, enriching a small group of vulture capitalists with deep pockets and time enough to let those assets reach their true value?<BR/><BR/>I think what BB's doing now is cheaper in the long run, and I'll pass on the extra helping of chaos, thanks all the same.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40121948126206308762008-03-21T20:39:00.000+00:002008-03-21T20:39:00.000+00:00"He will also cure cancer, end world hunger and di..."He will also cure cancer, end world hunger and discover the meaning of life."<BR/><BR/>Right after he gets done throwing his granny under the bus for being afraid of black men.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61484192670533821682008-03-21T20:27:00.000+00:002008-03-21T20:27:00.000+00:00What Bernanke has effectively done is screw workin...What Bernanke has effectively done is screw working-class America, while saving his fat-hog wall-street cronies/crooks.<BR/><BR/>As Jim Rodgers stated ... "The Fed Has Given up on the Dollar".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29409403035783675742008-03-21T19:28:00.000+00:002008-03-21T19:28:00.000+00:00I'll back ED up on this. I read his blog and he p...I'll back ED up on this. I read his blog and he probably listens to CNN more than he does Fox.<BR/><BR/>I'm still voting for Ron Paul in November. I don't give a sh*t about the other candidates. <BR/><BR/>The smear campaign and the voting fraud in Texas to quell his rising popularity is completely scandalous. The controlled media claimed he dropped out and he never did. He still has cash to promote himself. As crazy as it sounds I'm not going to throw my vote away on the bumbling moron neo-con who doesn't know the difference between a sunni and a shiite, the hypocritical and closet racist who's dying in the polls or the fast track to socialism witch. <BR/><BR/>RP'S IS STILL ALIVE. VOTE HIM IN.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90376765693752036802008-03-21T18:54:00.000+00:002008-03-21T18:54:00.000+00:00* Dems - fighting for Main Street.--WHATEVER! Chu...* Dems - fighting for Main Street.<BR/>--<BR/><BR/>WHATEVER! Chuck Schumer and Barney Frank both Dems and are both Big Bank shills. <BR/><BR/>DEMS AND REPUBS ARE THE SAME! <BR/><BR/>WAKE UP!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75910435162963626482008-03-21T18:51:00.000+00:002008-03-21T18:51:00.000+00:00Keith, I am surprised that you didn't use"Write Th...Keith, <BR/><BR/>I am surprised that you didn't use<BR/>"Write The Caption" for that picture.<BR/><BR/>Your bloggers, hp'ers, & followers could come up with some great ones!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61207419831716224602008-03-21T17:31:00.000+00:002008-03-21T17:31:00.000+00:00There was a Bear bailout it was to the counterpart...There was a Bear bailout it was to the counterparties of Bear.--The Hedge funds, The CDO buyers, The Swap people Etc. In other words the rich gamblers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31115609897239190322008-03-21T17:09:00.000+00:002008-03-21T17:09:00.000+00:00You actually think Osamabama still has a snowball'...You actually think Osamabama still has a snowball's chance in hell of winning after the very racist anti-white comments he made yesterday? "Typical white people" etc etc?<BR/><BR/>And don't you realize the Dems "bailout" plan is FOR WALL STREET?<BR/><BR/>He's exposed himself as just another Al Sharpton black militant activist who cares nothing about real issues facing Americans. I'd take Hillary over Obama at this point.<BR/><BR/>I'll go watch Fox News as it's the least biased of all the biased mainstream media, especially CNN the Clinton News Network.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8099912305504982652008-03-21T16:49:00.000+00:002008-03-21T16:49:00.000+00:00I don't care about this stupid phony election anym...I don't care about this stupid phony election anymore. It's disgusting, despicable and pathetic how these so called presidential figures act. The best argument for limited government are these 3 clowns we have running for president.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91694117820602688102008-03-21T16:06:00.000+00:002008-03-21T16:06:00.000+00:00"* GOP - fighting for Wall Street. * Dems - fighti..."* GOP - fighting for Wall Street. <BR/>* Dems - fighting for Main Street."<BR/><BR/>WRONG!<BR/><BR/>Wall St. wants a taxpayer bailout, but is too smart to say that. Rather it will be a homedebtor-in-trouble package is the way it will be sold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30053674439949240922008-03-21T15:51:00.001+00:002008-03-21T15:51:00.001+00:00to be fair, economics isn't obama or hillary's tha...to be fair, economics isn't obama or hillary's thang either. Their economic expertise consists of tax and handouts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59482041398859111842008-03-21T15:51:00.000+00:002008-03-21T15:51:00.000+00:00Most American voters are like the con-game suckers...Most American voters are like the con-game suckers who forever get fooled about which shell the pea is under. We're so busy watching for the welfare queen in the Cadillac or the mom lying about her AFDC payment elegibility that we miss the billions being stolen by Wall Street and the political system they bought and paid for. Today's NYT opinion article about "socialized" bank CEO pay is a good read (in the OPINION section. The NYT is a free read whether you sign-in or not.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17214623465861772212008-03-21T15:39:00.000+00:002008-03-21T15:39:00.000+00:00Keith,I know you like Obama, and I'd personally lo...Keith,<BR/><BR/>I know you like Obama, and I'd personally love to have a black president, but the man simply can't open his mouth without spending a trillion dollars. He's just incapable of doing it. And with a democratic congress, Obama is just too scary a thought.<BR/><BR/>McCain is too stupid to be president, as evidenced by his clear belief that if we stay in Iraq long enough (at $150BN a year) we'll WIN.<BR/><BR/>Hillary, as calculating and mean and horrible as she is, is the only choice at this point. She's not as liberal as she talks and she'll get a lot more conservative after the primaries. I sincerely hate her for, among many things, her vote on Iraq which was clearly politically motivated. And every time I see these kids with their legs blown off or their faces permanently disfigured, it makes me hate her even more. But I really think she's the best choice in yet another extremely disappointing weak field.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83637395697794386772008-03-21T15:24:00.000+00:002008-03-21T15:24:00.000+00:00Keith said:The free market is in the process of cl...Keith said:<BR/><I><BR/>The free market is in the process of cleansing the system just fine. It needs to run its course.<BR/></I><BR/><BR/>Don't get in the way or <BR/><A HREF="http://www.snopes.com/critters/malice/feces.asp" REL="nofollow"> this </A>may happen to you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33923761590979349862008-03-21T15:13:00.000+00:002008-03-21T15:13:00.000+00:00Looks like Hank is telling Ben to meet him out beh...Looks like Hank is telling Ben to meet him out behind the woodshed, time for another liquidity injection.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77743803464119367832008-03-21T15:09:00.000+00:002008-03-21T15:09:00.000+00:00Who was bailed out? BSC shareholders got a token $...Who was bailed out? BSC shareholders got a token $2 per share. The shareholders were basically wiped out. The Fed got JPM to pick up the derivatives contracts in return for the assets of BSC in order to save the monetary system from collapse. How else are people supposed to get their food, medicine and water? Do you people know what a bailout is? If BSC no longer exists and the shareholders were wiped out, then there was no bailout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22144858225513772672008-03-21T14:55:00.000+00:002008-03-21T14:55:00.000+00:00The government should not use taxpayer funds to ba...The government should not use taxpayer funds to bail out the bad decision making at banks, or the bad decisions of housing gamblers.<BR/><BR/>They should also not be using public funds to prop up home prices<BR/><BR/>The free market is in the process of cleansing the system just fine. It needs to run its course.<BR/><BR/>Period.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44466733764429040402008-03-21T14:46:00.000+00:002008-03-21T14:46:00.000+00:00I still don't understand you dude. You keep bashi...I still don't understand you dude. You keep bashing BB and (here) the GOP for "bailing out wall street". Does that mean you think it would be just dandy to have the government stand by and let the banking system collapse world-wide? The world would go 1930s, how is that helpful to anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72622269203342750952008-03-21T14:29:00.000+00:002008-03-21T14:29:00.000+00:00"Now go ahead and go back to Fox News where it's n..."Now go ahead and go back to Fox News where it's nice and safe for you<BR/><BR/>March 21, 2008 11:00 AM"<BR/><BR/>Ahh yes. If one disagrees with a leftist, one must be a Fox News zombie. I forgot.Edhttps://www.blogger.com/profile/13750286862065420283noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29088766099024126962008-03-21T13:36:00.000+00:002008-03-21T13:36:00.000+00:00>> Wait - I've been praying to the Messiah Oprah -...>> Wait - I've been praying to the Messiah Oprah - what'll I do now?<BR/><BR/>Nothing, as it doesn't matter - both are black and want to kill whitey...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56986285457589979582008-03-21T13:25:00.000+00:002008-03-21T13:25:00.000+00:00There are some borrowers vs. lenders issues, but t...There are some borrowers vs. lenders issues, but the main issue is borrowers, lenders and investors vs. people in their 20s who are not home owners yet, but hope to be home owners someday.<BR/><BR/>Borrowers, lenders and mortgage backed securities investors all hope to fix house prices at their current level. Future home owners want the market to take itscourse, and home prices to fall an additional 25-40%.<BR/><BR/>The Congressional Democrats have supported every move the Federal Reserve and the Bush Administration have made so far to bail out Wall Street. Their only complaint is that the Fed and Bush didn't do more, sooner. In addition, they call for home owner bailouts.<BR/><BR/>Unless the Democrats change course, I will vote straight Republican in November.Refuse to buy overpricedhttps://www.blogger.com/profile/04529128673944692315noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39362295884627413472008-03-21T13:10:00.000+00:002008-03-21T13:10:00.000+00:00This is an easy one. Always go for the Democrats....This is an easy one. Always go for the Democrats. Unless you are in the top 1/10th% of income, they are always the lesser of two evils. The Republicans give freebies to the top 1/10th% and it never trickles down, ever. The bottom 90% of the population always ends up worse off under Republicans. Any tax cuts are always overwhelmed by other debt and costs associated with Republican rule.<BR/><BR/>The Democrats give freebies to the bums and working class. They spend it. At least some actual people get some actual money and spend it on actual products. Crime also decreases under Dems, rises under Reps. You squeeze people at the bottom, crime increases, plain and simple.<BR/><BR/>Both parties are idiots, both strategies are wrong...but given the choice, always choose the Democrats. In fact if you do some research, since the beginning of America, you will find that overall the economy, stock market, crime rates, inflation, etc. are all better under Democratic presidents.Unknownhttps://www.blogger.com/profile/10602004656204639734noreply@blogger.com