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pkane4 (November 30, 1999 at 12:00 am)
yes...we are talking different periods in time..1% interest rates weren't around when the subprime problem imploded either....
2001-2003 started the fire; the rest caused the conflagration; most loan losses are on mortgages made in 2006-7
therealcaptobvious (November 30, 1999 at 12:00 am)
This explains everything.
watch?v=XdbQKo4rD40
dwamish (November 30, 1999 at 12:00 am)
Since I can barely balance my checkbook, I didn't initially know what to make of this vid. I just know that a prob this big complex usu means there's plenty of blame to go around on both sides of the aisle, so anything this partisan I view w/ suspicion. It also reminded me of the feeling I had viewing "Loose Change," that viral vid that suggested 9/11 was an inside job, by using inuendo, photos and ominous-sounding V/O and music (not to
dwamish (November 30, 1999 at 12:00 am)
mention a selective use of questionable "facts" and dubious conclusions) luring in countless rubes. This was probably something like that, I thought, but what do I know about this S? I thought 'why not see what the peanut gallery has to say.' The discourse from engineers etc breaking down inaccuracies in "Loose Change" had been impressive, this time is no diff. Thank you to greyflcn and phaching - i still don't understand all this S, but it's clear the vid is indeed more propaganda than fact.
greyflcn (November 30, 1999 at 12:00 am)
re: SpaceBaseTV
Probably because they didn't want this fake bullshit leading to the real blame.
greyfalcon. net/ cra.png
i.e. Phil Gramm's CDS deregulation in the Commodities Futures Modernization Act of 2000.
(i.e. McCain's top economic adviser)
greyfalcon. net/ cds
greyfalcon. net/ cds2
SpaceBaseTV (November 30, 1999 at 12:00 am)
Yo why did I hear nothing about this in the main stream media? WhatThe hell??? Is anyone doing any actuall reporting at MSNBC or CNN? ??? I voted for Obama! The Whatt he F^K!!!!! McCains Campaign Really Droped the ball on this one. They Should Have HIRED YOU to Make Videos!!!
lindabee10 (November 30, 1999 at 12:00 am)
The entire rotten structure of Wall Street is to blame. Heck, they're all in bed with each other financially, and this has been coming on since the 1980s. If you want to read all the gory details, here's the best article I've seen: Google:
portfolio. com "the end of wall street's boom"
greyflcn (November 30, 1999 at 12:00 am)
re: pkane4
==CRA created the supply of subprime mtges==
Why do you keep doing that?
You know almost all of those subprime mortgages had nothing to do with CRA, and that "financial insitutions" subject to full CRA regulation were far less likely to issue subprime loans, and far less likely to securitize them.
If you want to blame anything, blame Bush's 2003 law change to OFHEO regulations.
greyfalcon. net/ thirdpartybanks.png
greyfalcon. net/ thirdpartybanks
pkane4 (November 30, 1999 at 12:00 am)
1. Oil = CRA created the supply of subprime mtges that eventually would be outsourced to 2rd parties
2. Gasoline - low interest rates jacked the supply of mortgage product
3. Engine - CDOs created the product sold around the wolrd...
pkane4 (November 30, 1999 at 12:00 am)
VERY FUNNY...CHECK WITH CITI OR UBS HOW MANY CDOS THEY SOLD WITHOUT CDS (most)...only Merrill really did the silly neg basis trade, and that was to 7 companies...hardly the world...
...how many doorman do know can buy a $400,000 house...plenty in 2006....that's the sad truth...poor people should not get these kind of loans, and they did...I had the good fortune to stay away from most of the bad stuff.... |
