Why is it that 2/3 … Why is it that 2/3 o’all bad mortgages in our financial system were bought by govt agencies or required by govt regulations: Link here: tinyurlDOTcom/ylcxb4n
If the cause was the PRIVATE sector, how is it that Fannie & Freddie – run by congress – went broke / got the largest bailouts?
Ask yourself, would any of these assets have had AAA ratings w.o. govt backing? Why did banks suddenly start giving ZERO DOWN loans to ppl who cant make payments? Securitization / MortBSec were invented by HUD!
Ha ha Ha .. pretty … Ha ha Ha .. pretty Good .. The only thing that was missing in this one were the derivative traders .. but nicely done … amazing ,….
Plz keep in mind, … Plz keep in mind, that the money is not lost. If u track it, u will be surprised.
Those “operation” was long time staged for concentrating economic power in few hands to shift the world into the last decade.
No revolution, no stand up of truly politicans could stop that.
Those global money shoving would , under a fair government, easily handed revert.
-A calculated Civil war would work to their hands.
Yes, which were … Yes, which were part of the cavalcade of events that led to the crisis. Once people got away with MBS, they pushed the envelope further.
The small banks were largely unaffected by this crisis. Only the big banks did all this shit.
Doesn’t mean the small banks are lending much. Credit is still largely frozen. Until it starts to thaw, we’re not getting out of this recession anytime soon.
Sorry folks, you … Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
The only thing that … The only thing that would make it funnier would be to include AIG’s Credit Default Swaps!
We all seem to have forgotten that the very words mort and gage in French mean death gamble. If the borrower died first, the debt is due on death, which is usually what happens.
Once in a while, the lenders all die enmasse, and the borrowers win the death gamble. Whats fair for the one is fair for the other. Just let the laws of economics take their course. My personal opinion? Let THEM die!
I was working … I was working housing at the time and everyone forgets another part of the equation…realtors and builders. I worked for a major builder and together with the resale market, they sent the prices soaring through the roof. I left the industry because I am a nerdfighter and I couldn’t help make the world suck even more.
Haha… Yeah, the … Haha… Yeah, the combined stupidity of the CRA, the loan guys who enforced it, the people who took advantage of it all pretty much get the national middle finger. Of course, dragging the banks in, the government trying to deal with it… Not awesome.
You kind of forgot … You kind of forgot the government’s involvement in this one… From the government basically forcing banks to give out loans to default risks to Greenspan’s interest rate policy to the Senate filibustering the Fannie Mae and Freddie Mac regulatory bill (due to heavy contributions by the two organizations.)
And the names AAA and BBB are bond ratings, not the names they gave them. S&P and Moody’s (the bond rating agencies) screwed the pooch on this one.
Hank (and Hank and Hank and Hank and Hank) give an extremely simplified account of how we got into such a terribly gigantic financial mess in America.
May 30th, 2010 at 2:39 am
@lalkidar Those …
@lalkidar Those were just the guys peddling white hat’s crap to beanie.
May 30th, 2010 at 2:39 am
Google invest in …
Google invest in crisis for a new way to advertise!
May 30th, 2010 at 2:39 am
Google invest in …
Google invest in crisis for a new way to advertise!
May 30th, 2010 at 2:39 am
Why is it that 2/3 …
Why is it that 2/3 o’all bad mortgages in our financial system were bought by govt agencies or required by govt regulations: Link here: tinyurlDOTcom/ylcxb4n
If the cause was the PRIVATE sector, how is it that Fannie & Freddie – run by congress – went broke / got the largest bailouts?
Ask yourself, would any of these assets have had AAA ratings w.o. govt backing? Why did banks suddenly start giving ZERO DOWN loans to ppl who cant make payments? Securitization / MortBSec were invented by HUD!
May 30th, 2010 at 2:39 am
Ha ha Ha .. pretty …
Ha ha Ha .. pretty Good .. The only thing that was missing in this one were the derivative traders .. but nicely done … amazing ,….
May 30th, 2010 at 2:39 am
Tiny, massive …
Tiny, massive global recession….LMFAO
May 30th, 2010 at 2:39 am
Nice way of …
Nice way of explianing it all.
Short term thinking is a real human problem
May 30th, 2010 at 2:39 am
If you would like …
If you would like to make a considerable second income, visit my page.
May 30th, 2010 at 2:39 am
4 minute version of …
And I already watched that. It’s really really long. It was the worst class of my life.
4 minute version of House of Cards.
May 30th, 2010 at 2:39 am
Plz keep in mind, …
Plz keep in mind, that the money is not lost. If u track it, u will be surprised.
Those “operation” was long time staged for concentrating economic power in few hands to shift the world into the last decade.
No revolution, no stand up of truly politicans could stop that.
Those global money shoving would , under a fair government, easily handed revert.
-A calculated Civil war would work to their hands.
May 30th, 2010 at 2:39 am
Yes, which were …
Yes, which were part of the cavalcade of events that led to the crisis. Once people got away with MBS, they pushed the envelope further.
The small banks were largely unaffected by this crisis. Only the big banks did all this shit.
Doesn’t mean the small banks are lending much. Credit is still largely frozen. Until it starts to thaw, we’re not getting out of this recession anytime soon.
May 30th, 2010 at 2:39 am
What do you know …
What do you know about derivatives trading and credit default swaps?
May 30th, 2010 at 2:39 am
Haha, I just …
Haha, I just realized your calculator was also your telephone
May 30th, 2010 at 2:39 am
what the freak is …
what the freak is going on? lol
May 30th, 2010 at 2:39 am
The unemployment …
The unemployment rate is high. The income in employment is low. It therefore makes immense sense to try hands in freelancing.
I recently joined EZDIA and I am able to offer my financial advices to my clients. Not a great money but few hundred
dollars a month does not hurt.
May 30th, 2010 at 2:39 am
Hank! – you just …
D DFTBA- not that VB ever will ^ ^
Hank! – you just did my exsam for me … THANKS
May 30th, 2010 at 2:39 am
awesome
awesome
May 30th, 2010 at 2:39 am
Is that a lil …
Is that a lil Brudder T-Shirt I spy?
May 30th, 2010 at 2:39 am
Sorry folks, you …
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
May 30th, 2010 at 2:39 am
The only thing that …
The only thing that would make it funnier would be to include AIG’s Credit Default Swaps!
We all seem to have forgotten that the very words mort and gage in French mean death gamble. If the borrower died first, the debt is due on death, which is usually what happens.
Once in a while, the lenders all die enmasse, and the borrowers win the death gamble. Whats fair for the one is fair for the other. Just let the laws of economics take their course. My personal opinion? Let THEM die!
May 30th, 2010 at 2:39 am
I was working …
I was working housing at the time and everyone forgets another part of the equation…realtors and builders. I worked for a major builder and together with the resale market, they sent the prices soaring through the roof. I left the industry because I am a nerdfighter and I couldn’t help make the world suck even more.
May 30th, 2010 at 2:39 am
Haha… Yeah, the …
Haha… Yeah, the combined stupidity of the CRA, the loan guys who enforced it, the people who took advantage of it all pretty much get the national middle finger. Of course, dragging the banks in, the government trying to deal with it… Not awesome.
May 30th, 2010 at 2:39 am
You kind of forgot …
You kind of forgot the government’s involvement in this one… From the government basically forcing banks to give out loans to default risks to Greenspan’s interest rate policy to the Senate filibustering the Fannie Mae and Freddie Mac regulatory bill (due to heavy contributions by the two organizations.)
And the names AAA and BBB are bond ratings, not the names they gave them. S&P and Moody’s (the bond rating agencies) screwed the pooch on this one.
May 30th, 2010 at 2:39 am
Bahahaha. “Like …
Bahahaha. “Like elephant diarrhea on a hot day.” xD
May 30th, 2010 at 2:39 am
Hats!
Hats!