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The Main Street - Wall Street Bout, Round Two

Oh, where to start.

There are a FEW less mortgage lenders out there, but anyone with good credit that can prove income can qualify appropriately.

The reason for 9% jumbos is 2 fold: 1, the max amout is now 725k for conforming, and 2, the market for jumbos has dried up due to the large number of liar loans previously made here.

You need to do more research and less chicken little.

Good, qualified borrowers can borrow all day - the rules have not changed for conforming loans. It is only the marginal loans - which created the lion's share of this mess - that are more difficult to find.
Oct 01 13:57 pm |Rating: 0 0 |Link to Comment |View article
Shopping During Armageddon

6 degrees of kevin bacon...that was him in Animal House!

- Signed, Facist Pig
Oct 01 13:52 pm |Rating: 0 0 |Link to Comment |View article
J.P. Morgan Bailouts Date Back to 1893

Pierpont.

Clearly, financial crises of pandemic proportions are nothing new.

Keynes to the rescue - again!
Sep 29 13:10 pm |Rating: 0 0 |Link to Comment |View article
Buffett's Berkshire: 14 Stocks That Have Gone Up

The article misses the whole point of BRK. They don't look at one month returns. They look at decades of ownership...THAT is the lesson!
Sep 29 12:59 pm |Rating: 0 0 |Link to Comment |View article
Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

gee, where did WB end up? Did it stop trading or was the symbol changed?
Sep 29 12:58 pm |Rating: 0 0 |Link to Comment |View article
Wall Street, 1792 - 2008?

The problem with claiming it is only billionaires (or millionaires) getting their due is that it is simply not true. All people who invest in any equity mutual fund is feeling this pain. Very few funds, short of short funds and maybe some metals funds, are up this year or even in the past few years. This is a broad based market issue, although the pain is centralized in the financial arena.

Blaming some people, while cathartic, will not fix the issue nor will it return the billions lost in market value to people of all economic strata who are losing.

As for politics, neither party has a monopoly nor are they blameless as pointed out above re Glass Steagall, GLB, lobbying, et cetera.
Sep 29 12:37 pm |Rating: 0 0 |Link to Comment |View article
Options Trader: It's Deal or No Deal Friday

can anyone substantiate the claims (both good and bad) about Phil???
Sep 29 12:09 pm |Rating: 0 0 |Link to Comment |View article
JPMorgan and the Concentration of Risk

Great article! Thanks for the facts and research!

Sep 29 11:10 am |Rating: 0 0 |Link to Comment |View article
Liberating the Indebted States of America

Good article! Loved the Shakespeare quotation!
Sep 26 14:34 pm |Rating: 0 0 |Link to Comment |View article
On Board the 'U.S.S. Titanic'

re: So, 1% of the population currently owns 21% of the net worth in this country.

they also pay 40% of the taxes (per the WSJ and IRS Statistics of Income, 2008)
Sep 26 14:32 pm |Rating: 0 0 |Link to Comment |View article
Parsing the President

jack, it goes back a bit further than gwb...nice try though!
Sep 26 14:25 pm |Rating: 0 0 |Link to Comment |View article
Who Really Needs to Back the Bailout?

stellar, you'd be hard pressed the to make the case the market slide was related to Palin. The gyrations have more to do with the crisis / good news of the moment.

Sep 26 14:22 pm |Rating: 0 0 |Link to Comment |View article
Picture of the Day: 10 Largest U.S. Bankruptcies

Ahhh, as a bank (admittedly an I Bank) of COURSE their pre BKP asset base was huge!
Sep 25 13:07 pm |Rating: 0 0 |Link to Comment |View article
Today's Other Bailout: $25B for Auto Makers

Say it with me now.... A LOAN funded by CONGRESS!
Sep 25 12:52 pm |Rating: 0 0 |Link to Comment |View article
Leverage 101: The Real Cause of the Financial Crisis

nonsensical article. Banks typically do not call mortgages as indicated in scenario 1.
Sep 25 12:46 pm |Rating: 0 0 |Link to Comment |View article

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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

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