Followers | 62 |
Posts | 28354 |
Boards Moderated | 0 |
Alias Born | 12/28/2008 |
Friday, December 04, 2020 12:52:53 PM
simply wrong and disproved in all the post mortem studies
lots of hot air for "housing help"
not a lot done
look to the interest only mortgages !!!!! that were not explained and blew up in year 5 when it amortized (but by then Banks had sold them !!)
look to the 80 10 10 10 - which is an 80% mortgage and 10% mortgage and yup 10% strip mortgage- all made into bonds - and the 20% that should have been down payment equity was debt held by pensions and such ---- again - banks had sold the risk off
banks greedy
pensions and such looking for yield and yield and yield and not willing to understand the risk
rating agencies - PAID BY BOND ISSUERS - rating pure crap - and worse as AAA
that is known
the poor and loans to the poor never were more than 1 or 2 percent of the market --- outside say HUD which took care of its own
reality - one does not sink a multi trillion dollar market with a few loans to poor people - even if we wanted to do that - it would not happen - and for sure the BANKS would make the loans - make profit - package the paper - sell it - make profit - carry no risk - award bonuses and golden parachutes and then get true relief as in corporate welfare
days are gone - with the end of LBJ (who meant well) ---- when welfare queens and strange loans were more than a pimple or less on the massive economy
just think about it
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM