You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #60: Indeed. Consider recent year mergers... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-09-08 02:20 PM
Response to Reply #59
60. Indeed. Consider recent year mergers...
Didn't United Airlines buy U.S. Airways - HUGE debts, so if their margins were called (along with the hit from gas prices) - what will they be left to do but - pillage acquired assets. More jobs gone.

Who else borrowed billions to acquire other businesses and which banks hold that exposure? I think the rate of corporate bankruptcies is going to accelerate, and go far beyond mortgage brokers.
Printer Friendly | Permalink |  | Top
  -Can we stop blaming the sub-prime meltdown on the borrowers? salin  Mar-09-08 11:33 AM   #0 
  - I disagree. People have to take responsibility for their financial decisions  Bandit   Mar-09-08 11:37 AM   #1 
  - Did you read the post?  salin   Mar-09-08 11:43 AM   #2 
  - The whole housing fiasco was a scam designed by corporate financial insiders.  AdHocSolver   Mar-09-08 07:48 PM   #96 
  - I felt the way that you felt until I started hearing some very troubling stories  truedelphi   Mar-09-08 02:23 PM   #63 
  - He isn't. The Congress that controls the purse strings gave it to him. n/t  AdHocSolver   Mar-09-08 05:43 PM   #87 
  - ah yes, Milton Friedman's social darwinism trumps empathy.  Morereason   Mar-09-08 10:52 PM   #103 
  - It's Everyone Involved  Crisco   Mar-09-08 11:43 AM   #3 
  - That middle point is the something "new" in the equation.  salin   Mar-09-08 11:49 AM   #6 
  - your third point is FAR from Harsh - I'd say it's right on the money (no pun intended}  Donnachaidh   Mar-09-08 11:58 AM   #13 
  - has this always been the case? Or has it gotten worse in recent times?  salin   Mar-09-08 12:04 PM   #17 
  - "Flip This House"  Crisco   Mar-09-08 11:59 AM   #14 
  - People try to make some insane money on that show..  Xenotime   Mar-10-08 12:01 PM   #132 
  - Housing is not immune to economics. If people won't pay X price, X price drops.  BadgerLaw2010   Mar-09-08 12:26 PM   #28 
  - But if people can pay 1.5X, rather than X because banks are willing to sell them "exotic" mortgages  AP   Mar-10-08 08:28 AM   #122 
  - oh please  selador   Mar-09-08 04:49 PM   #80 
     - While I don't question your point (it makes sense),  salin   Mar-09-08 04:57 PM   #82 
     - thank you  selador   Mar-09-08 05:08 PM   #83 
        - I agree... with one caveat  salin   Mar-09-08 05:24 PM   #85 
           - yes  selador   Mar-09-08 05:50 PM   #90 
              - Thanks for the link...  salin   Mar-09-08 05:57 PM   #91 
                 - thanks n/t  selador   Mar-09-08 06:09 PM   #94 
     - I do't want to go back to the "good ol days" of the dark ages. Social darwinism was trumped for a  Morereason   Mar-09-08 11:01 PM   #104 
  - Finally, Someone Makes Sense, Preditory Lenders and Borrowers Made This Mess  we can do it   Mar-09-08 01:06 PM   #39 
  - Don't get me wrong (I don't favor any sort of "buyout")  salin   Mar-09-08 01:16 PM   #40 
     - I Think We Bascially Agree, Then.  we can do it   Mar-09-08 05:47 PM   #89 
  - I agree  JVS   Mar-10-08 07:25 AM   #120 
  - This is such a non-issue  Hydra   Mar-09-08 11:44 AM   #4 
  - You said it much more concisely than I  salin   Mar-09-08 11:51 AM   #7 
  - Pfff  Hydra   Mar-09-08 12:03 PM   #16 
     - Enron... Lay very carefully laid a plan  salin   Mar-09-08 12:08 PM   #19 
        - You know more than I do about that  Hydra   Mar-09-08 12:13 PM   #21 
           - Isn't that the basis - on a foreign policy front - for PNAC  salin   Mar-09-08 12:15 PM   #23 
              - Pfff again  Hydra   Mar-09-08 12:29 PM   #31 
                 - Bingo!  Karenina   Mar-09-08 01:36 PM   #44 
                 - Hey - there is a LBN thread on one of the big banks calling for a systematic margin call  salin   Mar-09-08 01:41 PM   #46 
                    - The banks are just trying to shake each other out.  Karenina   Mar-09-08 02:02 PM   #52 
                       - I wonder how many corporate mergers - financed by billions in loans  salin   Mar-09-08 02:06 PM   #53 
                       - That's what I believe went down with Carlyle C.C.  Karenina   Mar-09-08 02:15 PM   #59 
                          - Indeed. Consider recent year mergers...  salin   Mar-09-08 02:20 PM   #60 
                       - And when they close up shop and re-setup down the street next week?  Hydra   Mar-09-08 02:11 PM   #57 
                          - Sub-prime borrowers are just pawns in this game.  Karenina   Mar-09-08 02:21 PM   #62 
                 - The purpose of invading Iraq was to STOP Iraqi oil production so as to limit world oil supply and...  AdHocSolver   Mar-09-08 06:23 PM   #95 
                    - I disagree  Windex   Mar-10-08 05:20 AM   #116 
  - At some point we must realize that our government is of, by, and for the ruling class only.  greyhound1966   Mar-09-08 02:40 PM   #69 
  - Well said  Hydra   Mar-09-08 03:04 PM   #74 
  - I would add the elite who run the ponzi schemes and milk them for Millions  Morereason   Mar-09-08 11:05 PM   #105 
  - I agree  gratuitous   Mar-09-08 11:48 AM   #5 
  - I don't know how insulated they (banks) really are...  salin   Mar-09-08 11:58 AM   #11 
  - Compassion? Surely you jest.  melody   Mar-09-08 11:53 AM   #8 
  - Peace to a like-minder  salin   Mar-09-08 12:00 PM   #15 
     - Nothing is safe, but for most people, their FDIC insured banks probably are  melody   Mar-09-08 12:08 PM   #18 
     - In my rational mind,  salin   Mar-09-08 12:13 PM   #22 
     - A moderate amount each month is all you need  melody   Mar-09-08 12:18 PM   #24 
        - You are right, of course,  salin   Mar-09-08 12:27 PM   #29 
     - You are being too optimistic/Head of the FDIC testified on Tueday the 4th of March  truedelphi   Mar-09-08 02:28 PM   #64 
        - Okay, then let's put a gun in our mouths and pull the trigger  melody   Mar-09-08 04:56 PM   #81 
     - You might want to check on the article that appeared in the WSJ last week about the Fed  greyhound1966   Mar-09-08 02:44 PM   #70 
        - If not there, then where?  salin   Mar-09-08 03:10 PM   #76 
           - Tangible assets IMO. Stuff that you can hold that has intrinsic value.  greyhound1966   Mar-09-08 04:01 PM   #79 
  - Blame the repeal of the Glass-Steagall Act  Ichingcarpenter   Mar-09-08 11:56 AM   #9 
  - Fascinating (and troubling) read.  salin   Mar-09-08 12:21 PM   #25 
  - No commentator ever asks about the repeal of the Glass-Stegal act  Ichingcarpenter   Mar-09-08 12:42 PM   #34 
     - The words regulation and deregulation also never come up  salin   Mar-09-08 12:53 PM   #36 
  - A MUST read! You will not see the real reason in the media (nor unfortunately in some posts here)  Morereason   Mar-09-08 11:10 PM   #106 
  - Wow. Thanks for posting that link.  rockymountaindem   Mar-10-08 12:22 AM   #113 
  - They blamed Katrina's casualties on the victims. Why not this? n/t  live love laugh   Mar-09-08 11:57 AM   #10 
  - The blame for that is on *  Xenotime   Mar-10-08 12:03 PM   #133 
  - The elephant in the room  whosinpower   Mar-09-08 11:58 AM   #12 
  - It's actually more simple than that  Hydra   Mar-09-08 12:09 PM   #20 
  - No, it's not that simple.  BadgerLaw2010   Mar-09-08 12:29 PM   #32 
     - Watch "Money as Debt"  Hydra   Mar-09-08 12:55 PM   #37 
        - That video is idiocy. You think banks enjoy these enormous loan-loss provisions?  BadgerLaw2010   Mar-09-08 01:57 PM   #50 
           - Why in the world did they leave themselves so very risk exposed.  salin   Mar-09-08 01:58 PM   #51 
           - Lots of reasons, but three big ones:  BadgerLaw2010   Mar-09-08 02:12 PM   #58 
              - interesting summary  salin   Mar-09-08 02:31 PM   #66 
              - This ignores the fact that the whole hyper-inflation of real estate valuations  greyhound1966   Mar-09-08 02:50 PM   #72 
           - What's idiocity in that video?  Hydra   Mar-09-08 05:31 PM   #86 
  - excellent point.  salin   Mar-09-08 12:28 PM   #30 
  - If I could edit your post I'd put your last paragraph at the top. But you're right.  Poll_Blind   Mar-09-08 12:23 PM   #26 
  - You MUST be kidding. ARMs are for IDIOTS.  AlertLurker   Mar-09-08 12:24 PM   #27 
  - No where did I suggest congress should act on refi...  salin   Mar-09-08 12:38 PM   #33 
  - Abdication of responsibility.  AlertLurker   Mar-09-08 01:41 PM   #47 
  - Sure you can  salin   Mar-09-08 01:48 PM   #49 
  - Another Milton Friedman/Social Darwinist?  Morereason   Mar-09-08 11:13 PM   #107 
  - I would disagree that many of these individuals..  girl gone mad   Mar-09-08 02:30 PM   #65 
  - Where is everyone getting the "McMansion" philosophy?  Morereason   Mar-09-08 11:18 PM   #108 
  - these would not be 'bad loans' if the borrowers upheld their end  Lance_Boyle   Mar-10-08 08:53 AM   #124 
  - You know what? You'll get to look down your nose at us.  JulieRB   Mar-09-08 12:51 PM   #35 
  - Countrywide being investigated, and others have already been shut down.  salin   Mar-09-08 12:55 PM   #38 
  - salin, the poster I was responding to, according to her profile,  JulieRB   Mar-09-08 11:26 PM   #110 
     - duly noted  salin   Mar-10-08 02:41 AM   #114 
     - Deleted message  Name removed   Mar-10-08 07:22 AM   #119 
        - Ahhh. The dulcet tones of Alert Lurker, eh?  JulieRB   Mar-10-08 11:40 AM   #130 
  - I'm always cheered when one of the "little people" does well.  AlertLurker   Mar-09-08 01:31 PM   #43 
     - Gosh. Color me surprised.  JulieRB   Mar-09-08 11:23 PM   #109 
        - I thought I made a mistake once. It turned out that I was wrong.  AlertLurker   Mar-10-08 07:14 AM   #118 
           - Still riding your preconceptions into the ground, I see  JulieRB   Mar-10-08 11:38 AM   #129 
              - You are behaving like a whiney moron.  AlertLurker   Mar-12-08 07:02 AM   #136 
  - Your motivation is completely ass-backward, but you got to the right conclusion.  greyhound1966   Mar-09-08 02:54 PM   #73 
  - Heads up: Name change - Nonprime and Specialty Lending  flashl   Mar-09-08 01:18 PM   #41 
  - wish I could be a fly on that wall  salin   Mar-09-08 01:26 PM   #42 
     - Don't know. Here we are thinking American consumers had bled out. nt  flashl   Mar-09-08 01:41 PM   #45 
        - Maybe they are going to try to sell houses (more modest) to  salin   Mar-09-08 01:43 PM   #48 
           - Large inventories exist, folks still with funds  flashl   Mar-09-08 02:10 PM   #56 
              - I think values have to sink quite a bit more before folks  salin   Mar-09-08 02:21 PM   #61 
  - SUBPRIME CRISIS ILLUSTRATED  DireStrike   Mar-09-08 02:08 PM   #54 
  - Bingo! Good piece, thanks. n/t  greyhound1966   Mar-09-08 03:15 PM   #77 
  - That really needs it's own thread.  Rosemary2205   Mar-09-08 08:30 PM   #98 
  - I think you've hit on the real issue. This was all manufactured in order to artificially  greyhound1966   Mar-09-08 02:09 PM   #55 
  - I'm a Michigander, and I approve this post.  knitter4democracy   Mar-09-08 02:32 PM   #67 
  - People just play by the rules set down for them  NNN0LHI   Mar-09-08 02:34 PM   #68 
  - Several years ago a friend was looking at cars... and the salesperson  salin   Mar-09-08 02:46 PM   #71 
     - The rules have not changed, it is called the 4-square method, and car sales  greyhound1966   Mar-09-08 03:07 PM   #75 
  - There's A Lot of Blame To Go Around  TML   Mar-09-08 03:32 PM   #78 
  - There is plenty of blame to go around..  sendero   Mar-09-08 05:17 PM   #84 
  - Deleted message  Name removed   Mar-09-08 05:44 PM   #88 
  - I am sorry to read that...  salin   Mar-09-08 06:05 PM   #92 
  - Edweird, I'm so sorry  JulieRB   Mar-09-08 11:35 PM   #111 
  - Deleted message  Name removed   Mar-10-08 08:49 AM   #123 
  - The borrowers are partly at fault but blaming them is about the dumbest way to solve the problem  Hippo_Tron   Mar-09-08 06:08 PM   #93 
  - Yes, please  varelse   Mar-09-08 08:26 PM   #97 
  - I'm putting the blame about 60% on borrowers...  YellowRubberDuckie   Mar-09-08 08:46 PM   #99 
  - For the individual loans i would agree, but in many cases  salin   Mar-09-08 09:02 PM   #100 
  - I agree  Skittles   Mar-09-08 09:42 PM   #101 
  - There is a lot of blame to go around but...  Hangingon   Mar-09-08 10:51 PM   #102 
  - There are criminal investigations of the LENDERS underway for fraud...  El Pinko   Mar-09-08 11:55 PM   #112 
  - Yes, buyers should be responsible but..  Windex   Mar-10-08 05:07 AM   #115 
  - I can point to 3 words that set off the bubble - No Down Payment  Phoebe Loosinhouse   Mar-10-08 05:52 AM   #117 
  - I read a post here at DU where a DU'er buying a house said his lender  AP   Mar-10-08 08:23 AM   #121 
  - Busy Work With Funny Money  KharmaTrain   Mar-10-08 09:10 AM   #125 
  - Preditory lending reminds me of all the life insurance scams...  WCGreen   Mar-10-08 09:19 AM   #126 
  - It would make more sense to stop trying to distill everything down to a single explanation  slackmaster   Mar-10-08 10:16 AM   #127 
  - This crisis is where Greed met Stupidity, and we all lost  MadHound   Mar-10-08 10:40 AM   #128 
  - Look, many of these people knew what their payments per month  Mystery2Me   Mar-10-08 11:48 AM   #131 
  - the majority of people who are in trouble in this mess were  xchrom   Mar-10-08 01:44 PM   #134 
  - Find the crooked lenders and assist  Spoonman   Mar-10-08 02:21 PM   #135 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC