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KSengineer
6 Comments
Global Markets, Meet President Obama. Now What?
This one's easy ... DOWN!
The Free Lunch Approach to Finance
Oh, I just figured out the problem ... our public schools aren't getting enough money. Ya, that's gotta be it.
America, what's happened to ya?
10 Points About the Markets
Don't think it can happen? You might want to surf the net a little for that answer.
Wall Street Breakfast: Must-Know News
II have a sneaky suspicion that if Fanny and Freddie would have held their standards at the expected level all along, our current problems would be much smaller and confined to the private sector where the risk/reward equation could be working it’s magic without bringing the entire system down.
What I mean is if Fanny and Freddie would not have purchased those innovative investments, like CDO’s, which contained non-conforming loans and would have limited themselves to purchasing investment paper that conformed to the same risk level as CONFORMING loans are supposed to represent, my guess is this contagion would have been greatly limited. But they set the tone by purchasing high risk investments.
So, it seems to me we already have the regulations in place. What we don’t have is the discipline to live by them. The government set the bad example and now they want to regulate more. Someone needs to bring some sanity to the system. Unfortunately, I don’t’ have much hope that will ever happen since greed and self-interest is carrying the day in the USA.
Real Estate Bubble Is Only in 4 States: CA, FL, NV, AZ
I live in Kansas. I can tell you that the mortgage mania was here. I can tell you that the real estate market is very different today than it was 2 years ago. On Friday, a Kansas City (local) based bank was taken over by the FDIC. If the author is trying to say that only four states are in a crisis and the others are doing business as usual, that is definitely not the case.
If increased savings and paydown of credit meet the current situation, then I don’t know how we can avoid a recession over the next couple of years. We’re coming down from a super-heated economy artificially supported by unsustainable borrowing. Unsustainable has won the day. For those who lose their jobs, this will be a crisis and I doubt it will confine itself to four states.
Bullish Sentiment Trend Continues Lower