Markor
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RottedOak wrote: But I would expect companies to selectively unload high-risk securities from lower tranches and keep the good stuff for themselves. Since the individual loans are split across multiple tranches, the odds of the Treasury getting co…
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Yeah I agree the salary cap should be indexed to inflation. I disagree on the performance bonuses above a cap. When there's unlimited pay for performance, achieving short-term gains at long-term expense is rewarded. That's what sunk WaMu. $20 …
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deejayoh wrote: Some of his ideas about what the long run solution needs to be (e.g. free financial advice for all) seemed a bit far fetched. I read about those, and agree. Free financial advice will still promote Ponzi schemes. I think th…
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The Tim wrote: Dang. A 1-month flip by the original purchaser for nearly $30k in post-fees profit. There's this saying about suckers... I smell scam. The taxpayers are probably going to be on the hook for this one.
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I suspect you're right Sniglet. I don't fully grasp the sum of events/consequences that lead to it, but the articles I read about Japan's deflation show that the US is following in their footsteps so far. The dollar's value should fall, putting u…
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rose-colored-coolaid wrote: If over 90% of the population really dislikes the bill as proposed by Paulson/Bernake, then it's actually political suicide to vote for it. Except that it's now after the primaries, so the bums can't be thrown out …
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The odds seem great that WM will be below $1 or above $3 in the near future. Too bad I don't know which.
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We didn't hear any dire warnings from Bernanke until just recently. Some soothsayer. A deflating bubble is bad, according to Bernanke and Paulson. Geniuses.
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Obama is supposedly for smaller gov't. He says he'll pay for tax cuts (on all but the rich) by eliminating gov't waste. I'll believe it when I see it. I'm thinking maybe it's best to vote Republican this time. If we're going to rip up the Constit…
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More proof that Republicans need to be shunned & marginalized. I haven't met one yet who isn't a gigantic hypocrite.
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MLS #28158397 is one that dropped off a month ago, at $380K. Now it's back, at $385K.
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It'll be bittersweet when the Dow falls below last week's low and Bush says the equivalent of "Did I say $1 trillion? I meant $2 trillion!"
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Read Big bailout: Where things stand. When you eliminate all the things the bailout won't do: - It won't keep house prices from falling - It highly likely won't prevent foreclosures - It won't right the economy You're left with the only thin…
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Robroy wrote: This is the scariest thing I've read in my entire life: http://www.nytimes.com/2008/09/20/washi ... SYsRms//ig This is the Iraq war shenanigans repeated. Republicans have to scare the bejesus out of Democrats, so they'll vote…
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sniglet wrote: Customers would be FAR more circumspect about where they put their money, and which insurance firms they would deal with if they KNEW that there was nothing to bail them out. I agree. But how can the gov't not bail out an entit…
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I agree that some types of gov't intervention / regulation are bad. But with no regulation, what's to stop a hedge fund from leveraging 100X, to the tune of $trillions, so they become too big to be allowed to fail?
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Great post, sniglet. I'm for more regulation of the financial markets so that a hedge fund or an insurance company can't hold the whole economy hostage. I just don't think the policy should be slapped together in a week, or that anyone or any compan…
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You're right, sorry. The info is fed to Rush and Hannity et al, though. It just seems wrong to make an issue out of a $30K or so contribution to one candidate, when we're facing a depression created by the alternate party. Obviously Obama isn't beho…
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Charles, see above, rents tend to fall when house prices fall enough. I'd wait to see actual inflation in rents after the fall in house prices really gets going.
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If only we could tell if they are selling without waiting for a couple months after they drop off the MLS. It seems that the data that feeds the search engines no longer includes STIs.
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From Apartment Buildings Lose Their Immunity To Housing's Chill: For the past year, apartment buildings have been one of the few bright spots in the real-estate industry as people forced out of the home-buying market by foreclosures or the credit…
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Robroy wrote: Based on recent revelations about who was getting money from Fannie and Freddie, I disagree, hunch-wise. Most every major politician gets donations from most every major unscrupulous group. Good public servants take the money, o…
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rose-colored-coolaid wrote: Again, both houses were controlled by the republicans, so even if every democrat voted against the measures could have been pushed through in a partisan manner. Also, the party that is supposedly for something "goo…
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That's the spirit! You'll probably save ~$2K per month by waiting. If I was a homebuyer in that price range (let's say $400K), I'd wait to buy today's $400K house (not a townhouse or condo) for whatever its price at the bottom is, let's say $300K…
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rose-colored-coolaid wrote: If your company is matching you contributions, that's free money right away. Uncle Sam also gives you a break on your 401k contributions. So, if you are concerned, put your money into T-Bills, bonds, or something lik…
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sniglet wrote: If we are going to be facing deflation in the years ahead (which I believe to be the case), then even a lousy 2% return on a CD is going to be marvelous if stocks and real-estate are falling 20%. That's my bet. For anyone who d…
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Notabull wrote: I think the point is that 6% growth over a long period of time in the stock market is not supposed to be a high risk proposition. In fact, that sounds kind of low when you hear the whole 10% thing that everyone seems to quote, whi…
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rose-colored-coolaid wrote: Since 401k money is for 30 years out, you can take a long term view even in the most dire of economies. Why shouldn't I do CDs instead, where I can get 4% at very low risk, compared to 6% elsewhere at high risk? 40…
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Good post, sniglet. Yet what are financial pundits everywhere calling for?: don't panic, just keep pumping money into those 401Ks! The way I see it, the bulk of this mess is caused by the combination of two things: the US Constitution allows endl…
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A meandering descent... I like it. Whenever I see a new condo complex going up I think Yes! More supply!