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- Thread starter effenheimer_IHB
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NEW -> Contingent Buyer Assistance Program
graphrix_IHB
New member
<p>But that is because he decided because he is a supply sider that the best decision would be to side with the suppliers to supply dollars and the decider has decided that he is a supply sider and being the decider it has been decided. </p>
<p>I hope you get it now. It's really simple actually.</p>
<p>I hope you get it now. It's really simple actually.</p>
IrvineCommuter_IHB
New member
<p>I guess the light at the end of the tunnel is just a train. . . </p>
<p><a href="http://www.cnbc.com/id/21202780">www.cnbc.com/id/21202780</a></p>
<p><a href="http://www.cnbc.com/id/21202780">www.cnbc.com/id/21202780</a></p>
No_Such_Reality_IHB
New member
<p>Wow, Hillary realizes that $5000 for babies didn't poll well, so she'll scrub that. But, she replaces it, robbing from the rich, giving to the poor. A proposal to the tune of $25 Billion a year for the government to provide $1000 towards IRA matching.</p>
<p><a href="http://news.yahoo.com/s/ap/20071009/ap_po/clinton_retirement_accounts_2;_ylt=Aq7WYorn_s0jRpoX25PG6tgE1vAI">http://news.yahoo.com/s/ap/20071009/ap_po/clinton_retirement_accounts_2;_ylt=Aq7WYorn_s0jRpoX25PG6tgE1vAI</a></p>
<p><a href="http://news.yahoo.com/s/ap/20071009/ap_po/clinton_retirement_accounts_2;_ylt=Aq7WYorn_s0jRpoX25PG6tgE1vAI">http://news.yahoo.com/s/ap/20071009/ap_po/clinton_retirement_accounts_2;_ylt=Aq7WYorn_s0jRpoX25PG6tgE1vAI</a></p>
Nude_IHB
New member
<p>"from the Womb to the Tomb"</p>
<p>So, the government is going to increase the death tax on anyone dying with more than $3.5 million ($7 mil per couple) to flood cash into the stock markets via 401(k) accounts. Bigger pools of mutual fund fuel, providing more Cap Gains revenue on all the non-401(k) gains, forced income redistribution from the responsible to the irresponsible, and a new pipeline directly from the Treasury to Wall Street at the rate of $1000 x 141,422,000 (number of individuals under 65 making less than $60k per latest census bureau information) for a fresh infusion of at least $141.4 Billion every year. And hey, don;t forget that once that program is in place, we'll have to adjust it with every budget to keep pace with inflation and possibly even lower the target on the death tax down to anyone dying with more than a 'fair' amount. 'Fair' to be determined by future politicians trying to win votes from people who wish to make their own lives better by taxing "the rich".</p>
<p>The implications of this far exceed my little scenario here, but just the idea alone should get her laughed off the campaing trail. And yet, she'll win in a landslide.</p>
<p>So, the government is going to increase the death tax on anyone dying with more than $3.5 million ($7 mil per couple) to flood cash into the stock markets via 401(k) accounts. Bigger pools of mutual fund fuel, providing more Cap Gains revenue on all the non-401(k) gains, forced income redistribution from the responsible to the irresponsible, and a new pipeline directly from the Treasury to Wall Street at the rate of $1000 x 141,422,000 (number of individuals under 65 making less than $60k per latest census bureau information) for a fresh infusion of at least $141.4 Billion every year. And hey, don;t forget that once that program is in place, we'll have to adjust it with every budget to keep pace with inflation and possibly even lower the target on the death tax down to anyone dying with more than a 'fair' amount. 'Fair' to be determined by future politicians trying to win votes from people who wish to make their own lives better by taxing "the rich".</p>
<p>The implications of this far exceed my little scenario here, but just the idea alone should get her laughed off the campaing trail. And yet, she'll win in a landslide.</p>
graphrix_IHB
New member
<p>I have a feeling awgee will find <a href="http://www.housingwire.com/2007/10/10/the-next-great-frontier-transparency-in-structured-credit/">this interesting</a>. Hat tip to P. Jackson over at housingwire. I look forward to his email everyday.</p>
ns2524_IHB
New member
<p>CBS evening news</p>
<p><a class="headline" onclick="return linkTo(this)" href="http://www.cbsnews.com/stories/2007/10/10/eveningnews/main3355299.shtml">Builders Giving Up On The Sinking Market</a></p>
<p><a class="headline" onclick="return linkTo(this)" href="http://www.cbsnews.com/stories/2007/10/10/eveningnews/main3355299.shtml"></a></p>
<p><a class="headline" onclick="return linkTo(this)" href="http://www.cbsnews.com/stories/2007/10/10/eveningnews/main3355299.shtml">Builders Giving Up On The Sinking Market</a></p>
<p><a class="headline" onclick="return linkTo(this)" href="http://www.cbsnews.com/stories/2007/10/10/eveningnews/main3355299.shtml"></a></p>
graphrix_IHB
New member
How much longer berfore we have our first <a href="http://tinyurl.com/2tdade">perp walk</a> of this bubble?
Nude_IHB
New member
<p>graph-</p>
<p>They admit that they lied, cheated, and commited fraud, and yet their stock price goes up on the news. So, I am forced to conclude that there will be no perp walks forthcoming.</p>
<p>On a side note, does it seem obvious to anyone else that all the money that was flooding into the credit markets has been channeled into the stock market? I'm looking at the indexes around the world and they are inflating in the face of bad news, with very little correction.</p>
<p>In fact... looking at the charts of the S&P, DJI, and Nasdaq over the last year, the pattern reminds me of this: <img align="left" alt="" src="http://www.irvinehousingblog.com/wp-content/uploads/2007/06/bubble-psychology.jpg" /></p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p>I'm thinking the sell off this summer was the "bear trap" and we are well into the mania phase. Anyone else have thoughts?</p>
<p>They admit that they lied, cheated, and commited fraud, and yet their stock price goes up on the news. So, I am forced to conclude that there will be no perp walks forthcoming.</p>
<p>On a side note, does it seem obvious to anyone else that all the money that was flooding into the credit markets has been channeled into the stock market? I'm looking at the indexes around the world and they are inflating in the face of bad news, with very little correction.</p>
<p>In fact... looking at the charts of the S&P, DJI, and Nasdaq over the last year, the pattern reminds me of this: <img align="left" alt="" src="http://www.irvinehousingblog.com/wp-content/uploads/2007/06/bubble-psychology.jpg" /></p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p>I'm thinking the sell off this summer was the "bear trap" and we are well into the mania phase. Anyone else have thoughts?</p>
Daedalus_IHB
New member
<p>From Graphix' link:
<em>"Beazer said it may have to provide reimbursement of losses as a result of mortgage defaults in which the mortgage-origination activities would have violated standard representations made to morgage purchasers."</em></p>
<p>This could be one heck of an earth-moving precedent.</p>
<em>"Beazer said it may have to provide reimbursement of losses as a result of mortgage defaults in which the mortgage-origination activities would have violated standard representations made to morgage purchasers."</em></p>
<p>This could be one heck of an earth-moving precedent.</p>
graphrix_IHB
New member
<a href="http://www.cnbc.com/id/21249064">Just some more junk.</a>
graphrix_IHB
New member
<p>What a day huh?</p>
<p><img alt="" src="http://img105.mytextgraphics.com/photolava/2007/10/11/whataday-484lbz8sk.jpg" /></p>
<p><img alt="" src="http://img105.mytextgraphics.com/photolava/2007/10/11/whataday-484lbz8sk.jpg" /></p>
southoctracker_IHB
New member
<p><a href="http://tinyurl.com/2eaouy">Great article in the WSJ</a> - talks about how subprime is going to rock everything. Some quotes, with my emphasis in bold:
"...The Journal analyzed more than 250 million (mortgage) records ...Subprime mortgages were initially aimed at lower-income consumers with spotty credit. But the data <strong>contradict </strong>the conventional wisdom that subprime borrowers are overwhelmingly low-income residents of inner cities. Although the concentration of high-rate loans is higher in poorer communities, the numbers show that high-rate lending also rose sharply in middle-class and wealthier communities.
"The Journal's findings reveal that the subprime aftermath is <strong>hurting a far broader array of Americans than many realize</strong>, cutting across differences in income, race and geography. From investors hoping to strike it rich by speculating on condominiums to the working poor chasing the homeownership dream, subprime loans burrowed into the heart of the American financial system -- and now are bringing deepening woe.
"...some of the worst excesses of the subprime binge continued well into 2006, suggesting that the pain could last through next year and beyond, especially if housing prices remain sluggish. Some borrowers may not run into trouble for years."</p>
"...The Journal analyzed more than 250 million (mortgage) records ...Subprime mortgages were initially aimed at lower-income consumers with spotty credit. But the data <strong>contradict </strong>the conventional wisdom that subprime borrowers are overwhelmingly low-income residents of inner cities. Although the concentration of high-rate loans is higher in poorer communities, the numbers show that high-rate lending also rose sharply in middle-class and wealthier communities.
"The Journal's findings reveal that the subprime aftermath is <strong>hurting a far broader array of Americans than many realize</strong>, cutting across differences in income, race and geography. From investors hoping to strike it rich by speculating on condominiums to the working poor chasing the homeownership dream, subprime loans burrowed into the heart of the American financial system -- and now are bringing deepening woe.
"...some of the worst excesses of the subprime binge continued well into 2006, suggesting that the pain could last through next year and beyond, especially if housing prices remain sluggish. Some borrowers may not run into trouble for years."</p>
Nude_IHB
New member
<p>So... Moody's just downgraded $33+ <strong>BILLION</strong> in 2006 subprime RMBS.</p>
<p>Here's the fun part: </p>
<p><em>Today's rating actions incorporate Moody's long-range views regarding the performance of the deals in question. As a result, Moody's expects less future rating volatility for 2006 first-lien RMBS as long as home price depreciation remains less than 10% from peak to trough and the current economic environment remains stable. </em></p>
<p><em></em></p>
<p><em>The analysis driving today's rating actions takes into account several key factors. First, Moody's assumes that the severity of loss associated with loans that are now seriously delinquent will be 40%-50% on average. Second, based on its recent survey of subprime loan servicers, Moody's analysis assumes that significant loan modifications that might mitigate future losses are not likely to occur in the near term.</em> </p>
<p>So, assuming less than 10% drop in prices, losses on currently delinquent loans will ONLY be 40-50%. Ye gads!</p>
<p>Here's the fun part: </p>
<p><em>Today's rating actions incorporate Moody's long-range views regarding the performance of the deals in question. As a result, Moody's expects less future rating volatility for 2006 first-lien RMBS as long as home price depreciation remains less than 10% from peak to trough and the current economic environment remains stable. </em></p>
<p><em></em></p>
<p><em>The analysis driving today's rating actions takes into account several key factors. First, Moody's assumes that the severity of loss associated with loans that are now seriously delinquent will be 40%-50% on average. Second, based on its recent survey of subprime loan servicers, Moody's analysis assumes that significant loan modifications that might mitigate future losses are not likely to occur in the near term.</em> </p>
<p>So, assuming less than 10% drop in prices, losses on currently delinquent loans will ONLY be 40-50%. Ye gads!</p>
IrvineRenter_IHB
New member
Good to see the MSM get it right. Although the headline and the graph title were designed to feed homeowner denial...
<a href="http://www.msnbc.msn.com/id/21229057/"><img width="234" vspace="0" hspace="0" height="368" border="0" align="right" alt="Foreclosures" src="http://msnbcmedia2.msn.com/i/msnbc/Components/Art/BUSINESS/071011/AP_Foreclosures.gif" /></a>
<a href="http://www.msnbc.msn.com/id/21229057/">Foreclosure rate dips but expected to stay high</a>
"Despite a dip in foreclosures last month, it appears unlikely that the wave of bad loans that have forced record numbers from their homes will peak any time soon. And despite efforts by lenders, politicians and homeowners to stem the tide, borrowers trying to work out better loan terms and save their homes face a thicket of red tape."
"For one thing, another wave of interest rate "resets" is expected to hit over the next year, squeezing millions more borrowers’ budgets and putting their loans — and their homes — at risk."
"California, where more than 51,000 filings were reported in September, the most in any state."
<p class="textBodyBlack">
</p>
<p class="textBodyBlack">"The pace of foreclosures has been fueled by a wave of adjustable rate mortgage resets that can bring a sharp jump in monthly payments after the initial low “teaser” rate expires after two or three years, depending on the loan. The volume of those resets is expected to decline over the next few months, according to data assembled by Credit Suisse.</p>
<p class="textBodyBlack">But a newer vintage of loans that are scheduled to start resetting later next year threatens to bring another round of monthly payment increases that could overwhelm more household budgets, creating a new wave of foreclosures, which could further delay the housing recovery."</p>
<p class="textBodyBlack">
</p>
<a href="http://www.msnbc.msn.com/id/21229057/"><img width="234" vspace="0" hspace="0" height="368" border="0" align="right" alt="Foreclosures" src="http://msnbcmedia2.msn.com/i/msnbc/Components/Art/BUSINESS/071011/AP_Foreclosures.gif" /></a>
<a href="http://www.msnbc.msn.com/id/21229057/">Foreclosure rate dips but expected to stay high</a>
"Despite a dip in foreclosures last month, it appears unlikely that the wave of bad loans that have forced record numbers from their homes will peak any time soon. And despite efforts by lenders, politicians and homeowners to stem the tide, borrowers trying to work out better loan terms and save their homes face a thicket of red tape."
"For one thing, another wave of interest rate "resets" is expected to hit over the next year, squeezing millions more borrowers’ budgets and putting their loans — and their homes — at risk."
"California, where more than 51,000 filings were reported in September, the most in any state."
<p class="textBodyBlack">
</p>
<p class="textBodyBlack">"The pace of foreclosures has been fueled by a wave of adjustable rate mortgage resets that can bring a sharp jump in monthly payments after the initial low “teaser” rate expires after two or three years, depending on the loan. The volume of those resets is expected to decline over the next few months, according to data assembled by Credit Suisse.</p>
<p class="textBodyBlack">But a newer vintage of loans that are scheduled to start resetting later next year threatens to bring another round of monthly payment increases that could overwhelm more household budgets, creating a new wave of foreclosures, which could further delay the housing recovery."</p>
<p class="textBodyBlack">
</p>
graphrix_IHB
New member
Yeah but the MSM forgot to mention that there was 18 business days in September compared to August's 23. August was at about 10,500 per day and September was 12,419 for an increase 18.3%. That means it is increasing MSM not decreasing.