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Old 10-12-2008, 06:05 PM   #101 (permalink)
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Originally Posted by MODE ROGUE View Post
Agreed but we have to understand there is no perfect solution.
We don't have enough money to do that.

A solution has to be possible.
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Old 10-12-2008, 06:08 PM   #102 (permalink)

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The experiences you’re describing with Wells and their “lax” guidelines are completely opposite to the reality I face in Florida. Wells’ reputation here is totally rigid. I’m sure that it may have something to do with geography (Indiana vs. FL) but I can assure you that YOUR experience is NOT the norm on a national scale.
Hey Mode, this explain A LOT about your personal situation.
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Old 10-12-2008, 06:15 PM   #103 (permalink)

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I'm not sure what you are getting at here dude.

Wht you need to know is that the people on the hook are those who insured sub-prime loans to the tune of $500 trillion.

No. Those that did this got million dollar bonuses and are financially too well off to bother what happens to their companies. The tax payer pays for this.

Here is what happened. Back when the market was booming (2003-2005), banks and other institutions were selling those loans in massive bundles to other investors. When they sold the mortaga backed securitites they also offered an insurance policy on the investment. They were guaranteeing the investment for a fee. This is the credit default swap issue. Why not? The prices of himes were going up like crazy so what's the risk to the issuer. In the event of foreclosure, the homes as collateral would cover the investment.

Yeah nobody saw the end of another bear market coming lol.

Since this aspect of the market was de-regulated,

It was not de-regulated before the Fed interfered with this after political lobbying through interest groups such as the CFR and media pressure or one could say in conjunction with. As you can't deny we got our information back then from the same people that give them to us now (CFR media ownership) and the flood gates had to be specifically opened for the foreclosures and credit crisis to happen?

Problem - Reaction - Solution.

People profit from a crisis like this if they know what will happen in advance. It's the same thing with wars.


torms that issued and sold this insurance did not have any reserve requirements. When you sell life insurance, for instance, a company is required to have adequate assets to cover the future cash outlays. In this case, there was NOTHING to back potential losses in mortgages.

Well tough shit. Poor companies, but I'm more worried about the house owners being placed in debt here than them. All paper companies can go out of business. They are not necessary for production and wealth anyway. They made fortunes in times of profit, they should be privately held liable. (real decision makers). There should be an investigation and case by the state vs. high ranking bankers, but these people are buddies. They work together and ripping off the tax payer is so fucking easy. Now the state and banks will own more land and houses than ever before! This ain't bad for the rich bankers buddy. This is a CFR all party + media production broadcasted 24/7 through media and independent media alike. We are falling for the oldest trick in the world here as so perfectly described in money masters. The movie is not perfect, but it's pretty accurate on many issues. Interest in a prime one they do get right in there. So fast forard to the solution here. The Feds decide who lives and who dies. Good thing these men stem from some of the most powerful banking families. Their friends live their enemies go as they short oil futures or something in the 500 trillion derivatives market that everyone seems to have so suddenly discovered. It makes no sense to me. Bread should have been at 20 dollars a loaf yesteryear. The amount of money circulating is restricted only by the debt that is in existence as money is created worldwide as debt by the same bankers manipulating interest rates. Great we still trust them for the solution now or what? Look at the list of people working hand in hand at the CFR and compares this to what you see in the media. We do whatever they want. They steer the world. They meet in the CFR or I don't know Skull and Bones and whatever else there is, lol...Bohemian Grove if you into Alex Jones and find gay porn fascinating or something...you know some people must be thinking about whether aliens or reptiles control the planet now. Alex Jones is the original psyop of the year lol. I'm getting carried away here ranting....sry

SO the housing market tanked and guess what? All the institutions that sold these credit defaul swaps are on the hook to cover the losses.

No the tax payer is actually on the hook.

They insured the investments and made huge profits when they did. Accounting techniques led to the realization of immediate profits when these instruments were sold (bonuses kicking in), but did not show the liability because how do you value real estate in real time.

OMG the bankers advised their fellow bankers to sell unsustainable contracts after they manipulated interest rates to new lows and de-regulated loans creating the problem.

Here lies the problem.

Yeah exactly. The problem is we trust the same folks today. What do you think of Mr. Paulson yourself?

All of the institutions who sold these instruments now have an obligation to pay up and they do not have the money. It is estimated that the liability is $500 trillion. If the real estate market recovers, foreclosures stop, and the prices of homes returns to the boom levels everything will be fine. If the market continues to tank, foreclosures rise, and prices continue to drop, its all over.

What is all over? It is all over when there are no more United States. Far as I am concerned you are working towards this by devaluing the dollar.

I don't think there is $500 trillion in this world to cover the gambling debts of these people.

Well then we need to print money fast and someone has to assume this debt personally, so yeah the tax payer.

They made these bets without any assests to back it up. They thought it was a no brainer with little risk and they were wrong. And now they are looking for a way out. There isn't one.

Yeah and now comes the Solution.

This is what is going on. This is the big issue. Powerful people are on the hook and they are finished.

Hahahahahaa. They are not working for Lehman any more, but Champagne is flowing on vacations. I suppose young up and comers in banking will have to take a cut, but other than that everyone that owns dollars pays their share for the intentional failures and everyone with the power to manipulate gained a little more power in this play.


Anyone who sold credit default swaps is a goner. When they cannot pay, it will trickle down to those who hold the mortage securities. Then they will lose too.

Meltdown.
O.k. Sure, trickle down economics surely work this way around.
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Old 10-12-2008, 06:16 PM   #104 (permalink)
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Old 10-12-2008, 06:29 PM   #105 (permalink)

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Hey Mode, this explain A LOT about your personal situation.
I agree man. Median home price here is still 2x what it was in 2000. There is alot of room for these prices to fall. On top of that, inventorys are over 3 yrs. Florida is FUBARd much worse than many other regions.

Investors and bankers are wise to stay out at this point.
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Old 10-12-2008, 07:15 PM   #106 (permalink)

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I agree man. Median home price here is still 2x what it was in 2000. There is alot of room for these prices to fall. On top of that, inventorys are over 3 yrs. Florida is FUBARd much worse than many other regions.

Investors and bankers are wise to stay out at this point.
See that all depends. Would you not by a fantastic set of land with a bunch of new houses seaside in Florida for say 2 million dollars if you live in Switzerland and your wealth has almost doubled leaving you with 2 million to throw at whatever you want. In that case buying and even credit financing seems a great option at the current rates considering every day the dollar will fall more for quite some time.



Wouldn't you say in that case buying a bunch of houses in a nice spot seems fairly good investment to make considering you know things will rebound in 2,5,10 years with the amount of money being pumped into the markets and rate cuts left and right. A lot of clever bankers are popping bottles today celebrating their new real estate wealth, too and not only bankers from Switzerland. I am sure.
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Old 10-21-2008, 09:25 PM   #107 (permalink)

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Credit optimism grows as global bank rates drop

Credit optimism grows as global bank rates drop - Forbes.com

More good news on the credit market front!
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Old 03-24-2009, 07:59 PM   #108 (permalink)

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Anybody looked lately? If this is a "frozen credit market" WTF does a thawed one look like?

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Old 03-24-2009, 08:00 PM   #109 (permalink)

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Can someone find the freeze?

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Old 03-24-2009, 08:02 PM   #110 (permalink)

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Here it isn't...

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