TJ_98370
About
- Username
- TJ_98370
- Joined
- Visits
- 0
- Last Active
- Roles
- Members
Comments
-
My brother in-law is a mortgage broker. He avoided the questionable transactions that were prevelant during the last few years, but he gets painted with the same broad brush of public perception at times.
-
Jillayne - . I'm amongst those who enjoy your posts. I'm sure you are someone of high personal ethics. Congrats. .
-
I believe the general public is aware that oil prices were manipulated and they are pissed! Stricter regulation of specualtion in commodities markets is inevitable, IMO.
-
. Justifiably resurrecting an old thread, I believe . A 60 Minutes feature well worth watching / reading; Did Speculation Fuel Oil Price Swings? . ....."Approximately 60 to 70 percent of the oil contracts in the futures markets are now held by …
-
. RCC, I hope your scenario is the more accurate because what singlet and mukoh are suggesting implies rampant corruption IMO. . In my little world, the computer modeling guy is a certified genius. I deal with him very occasionally and every time…
-
Sniglet - I understand what you are saying, but aren't regulators supposed to be immune to the influences that affect bank CEO's, investors, etc? If they are doing their job, aren't regulators supposed be independent, neutral evaluators? Apparently,…
-
. Sniglet, I do not necessarily disagree with all that you are saying. I do agree that during good times people become less financially risk adverse. . What I find interesting about this article is that it brings out the fact that modeling has th…
-
. Thanx mukoh, . The only reason I am aware of this property is that a co-worker is really hot to jump on it. He was told that it previously sold for around $420,000. He was totally amazed when I showed him that publicly accessible county record…
-
Anyone who thinks the national real estate market is going to turn around anytime soon is out of their mind. This mess is going to take awhile to be sorted out. . In the meantime, a dedicated federal government sponsered pink pony breeding program…
-
. Book Sample; Wall Street Versus America
-
. She will be missed.
-
. For what it's worth, the chart below is what I was referring to in my previous post. It is from the article to which DJO posted a link - . If you read the fine print, loans that are paid off early (refied?) have been excluded. .
-
. Excellent article, DJO. Well worth the read IMO. . The one chart indicating that option ARMs will recast at a peak of $36 billion in the first quarter of 2011, with an average monthly payment increase of 80%, is a real eye-opener! How can that…
-
. I can attest to the fact that there are views of Seattle from the Manchester area. . SoCalXplant - If your time-frame really is 10 to 15 years before wanting to sell and you really like the place, you are doing the right thing and you will do o…
-
. DJO, . I think you hit on something that causes confusion when discussing these type issues. The term "Alt-A" is used rather loosely. The term "Alt-A" is sometimes used to indicate a categorization of borrower and sometimes it is used as a typ…
-
. According to the graphs posted at this Calculated Risk posting (see below), active subprime ARM rate changes peaked in Sept 2008. Active Alt-A ARM rate changes peak in Nov 2009. Given that Alt-A people (who are not sub-prime by definition) are de…
-
mukoh, . As indicated in my original post, there is nothing new here for dedicated bubbleheads. However, it is apparent the MSM doesn't think the subject has been "beat to death", which is an interesting point to be considered all by itself. Also,…
-
The idea of mitigating risk by aggregating a bunch of diseased "cows" together as an investment is also analogous to the way tranching systems in (subprime) mortgage based CDO's are set up. It's all math! Bad math, as it turns out.
-
You think the market is being manipulated? Naa, can't happen.
-
Ubersalad wrote: The whole story is about simple minded people looking for get rich quick schemes. Add a dash of "lack of ethics" and I would agree the story could be accurately thusly summarized. .
-
I've got it! Pay off your Discover card with your Visa and then pay off your Visa with your Master card. You could get a triple 40% discount. Woohoo! Only pay 22 cents on the dollar of all your credit card debt! What could go wrong?
-
Cheer up Ben! . If the plan is adopted, just join the ranks of the financially irresponsible and you can enjoy a 40% discount on your credit card purchases too! That's what I plan on doing. . Hmmmmm, there has got to be way to leverage this situ…
-
RCC - Sure, if you can save $15 to $20 a week by buying in bulk and freezing, it's possible to buy a freezer that would pay for itself in a year or less. Freezers typically last 20 years or so, so a freezer can be a smart purchase for some famili…
-
. Better stock up now before the depression hits, right? . You keep this up, Tim, you might get the reputation of being a "doom & gloom" type. . An alternative explanation is as what the article suggests, more people are buying in bulk to…
-
DJO- . RV's are horrible with respect to maintaining resale value. I know this thru interested observation. If I wanted one, I personally would never buy a new one. Assuming that Mr. Gummersall (see link) knows what he is talking about, a four yea…
-
. Thanks for the clarification, Charles. . It seems Mr. Phil Gramm was at his best with his involvement in co-sponsoring these two bills. As Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, this is what Mr. Gramm said…
-
DJO – Apparently it is an RV with a king bed installed in it. . BEAVER MARQUIS (KING BED) - $380000 (TACOMA) .
-
jon- . Your interpretation of a statement taken out of context is quite creative. .
-
. .....Would more regulation have reduced the number of bad loans made? Most likely, more regulation would have increased the problem...... . Sniglet – The above quote is from the article you linked, of which the author has it exactly backwards I…
-
. An interesting and relevant NYT article is linked below. Mr. Wallison was certainly prophetic - . Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES Published: September 30, 1999 In a move that could help increase home o…