debbierlus
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Mon Sep-29-08 09:12 AM
Response to Original message |
| -Apparently the fate of the entire world economy rests on some % of bad US home mortgages. |
Hannah Bell |
Sep-29-08 03:21 AM |
#0 |
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Hey, if you're going to rec, kick it too! |
Hannah Bell |
Sep-29-08 03:27 AM |
#1 |
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am kick |
Hannah Bell |
Sep-29-08 09:05 AM |
#2 |
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The fate of the entire world economy rests on... |
yibbehobba |
Sep-29-08 09:10 AM |
#3 |
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so now that investments become a venture stake in willingness of middle class to remain silent |
Supersedeas |
Sep-29-08 10:09 AM |
#5 |
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Only 3% of mortgages are bad |
avaistheone1 |
Sep-29-08 07:17 PM |
#37 |
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But Mr. Risk -- Paulsen -- DOES understand them. |
lostnfound |
Sep-30-08 05:58 AM |
#53 |
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derivatives and credit swaps...hmmm. Sounds like ENRON, again. |
elehhhhna |
Sep-30-08 08:41 AM |
#54 |
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Good point |
debbierlus |
Sep-29-08 09:12 AM |
#4 |
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Someone answered those questions this morning on one of the news shows.. I |
K Gardner |
Sep-29-08 10:11 AM |
#6 |
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smaller than 700 billion? |
Hannah Bell |
Sep-29-08 01:39 PM |
#7 |
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Some answers |
HamdenRice |
Sep-29-08 01:53 PM |
#8 |
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do you have a link for the numbers, hamden? |
Hannah Bell |
Sep-29-08 03:02 PM |
#9 |
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Here's part of the problem - no one knows which ones are which. |
johnaries |
Sep-29-08 03:09 PM |
#13 |
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"a impossible task itself unless you have a crystal ball" -- that's wrong |
HamdenRice |
Sep-29-08 03:16 PM |
#15 |
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Thanks for the correction. Part of that perception comes |
johnaries |
Sep-29-08 03:27 PM |
#19 |
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Not exactly. |
girl gone mad |
Sep-30-08 08:51 AM |
#56 |
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doesn't matter, buy up the last 10 years, refinance the good ones & sell the bad ones. |
Hannah Bell |
Sep-29-08 03:26 PM |
#18 |
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I think it's been considered, but it's not on the table now |
HamdenRice |
Sep-29-08 03:22 PM |
#17 |
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if they wouldn't sell, that's their lookout. my concern is that taxpayers |
Hannah Bell |
Sep-29-08 03:34 PM |
#22 |
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That's why this bill included provisions that in addition to the "bad" |
johnaries |
Sep-29-08 03:40 PM |
#26 |
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have you read the 110 pages or are you doing soundbites? |
Hannah Bell |
Sep-29-08 03:51 PM |
#27 |
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Examples, please. nt |
johnaries |
Sep-29-08 04:25 PM |
#30 |
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the soundbites from our leaders, e.g. no golden parachutes. |
Hannah Bell |
Sep-29-08 07:14 PM |
#36 |
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First of all, my post was about receiving stocks, not about |
johnaries |
Sep-29-08 08:53 PM |
#42 |
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yes, i've read it. have you? it doesn't ban golden parachutes. the language is written |
Hannah Bell |
Sep-29-08 10:16 PM |
#43 |
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As a matter of fact, I have it pulled up right now. |
johnaries |
Sep-29-08 10:35 PM |
#44 |
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for whom & during what time frame, that's how. |
Hannah Bell |
Sep-29-08 11:12 PM |
#46 |
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For the Top 5 Executives and during the time that the Secretary |
johnaries |
Sep-29-08 11:30 PM |
#47 |
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i read it. it mandates: |
Hannah Bell |
Sep-30-08 12:49 AM |
#51 |
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then there's this: |
Hannah Bell |
Sep-30-08 12:57 AM |
#52 |
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Again, it only applies to companies that are being aided |
johnaries |
Sep-30-08 09:56 AM |
#62 |
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nice spin. but nothing affects existing contracts, nothing affects compensation |
Hannah Bell |
Sep-30-08 03:54 PM |
#63 |
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I HOPE you read it, since I had to post it for you in another thread. |
johnaries |
Sep-30-08 09:42 AM |
#60 |
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The fact that it only applies to the top 5.. |
girl gone mad |
Sep-30-08 08:54 AM |
#57 |
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I think that is a minor point, considering it's usually the top 5 who |
johnaries |
Sep-30-08 09:36 AM |
#59 |
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OK, tell me which part of this is the "lie" |
johnaries |
Sep-29-08 05:07 PM |
#31 |
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It sounds nice, but.. |
girl gone mad |
Sep-30-08 09:01 AM |
#58 |
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That is a battle for another day. This is an emergency bill. |
johnaries |
Sep-30-08 09:51 AM |
#61 |
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They shot themselves with their intricate and unregulated investment vehicles. |
Roland99 |
Sep-29-08 03:05 PM |
#11 |
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Yep..it's the other "troubled assets" as well. n/t |
gopbuster |
Sep-29-08 03:20 PM |
#16 |
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no, they shot YOU in the foot - ON PURPOSE. |
Hannah Bell |
Sep-29-08 03:35 PM |
#24 |
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I'm rather lucky. I'm quite insulated from the effects...so far. |
Roland99 |
Sep-29-08 05:22 PM |
#33 |
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Right, It's like dominoes. |
johnaries |
Sep-29-08 03:11 PM |
#14 |
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if the dominoes begin with bad mortgages, buy the mortgages, don't |
Hannah Bell |
Sep-29-08 03:28 PM |
#20 |
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Too late. The other dominoes have already started dropping. |
johnaries |
Sep-29-08 03:36 PM |
#25 |
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they've been dropping for 2 years. & if the milk's spilt, then this bailout won't put it back in |
Hannah Bell |
Sep-29-08 03:55 PM |
#28 |
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Simply buying up the mortgages won't help the other problems and |
johnaries |
Sep-29-08 05:12 PM |
#32 |
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Why not? Just guarantee the loan payments. |
mhatrw |
Sep-29-08 06:06 PM |
#34 |
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Because it is no longer about the mortgages. It's now about |
johnaries |
Sep-29-08 06:23 PM |
#35 |
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How about we try to fix the underlying cause here as well rather than just |
mhatrw |
Sep-29-08 08:34 PM |
#39 |
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Well done, Hannah! Bravo! n/t |
ColbertWatcher |
Sep-29-08 03:03 PM |
#10 |
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Why do you hate "Murica? |
Blue State Native |
Sep-29-08 03:07 PM |
#12 |
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cause murica hates me & mine. |
Hannah Bell |
Sep-29-08 03:58 PM |
#29 |
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and we know where those bad mortgages are, |
leftofthedial |
Sep-29-08 03:29 PM |
#21 |
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Is it bad? Yes it is. Are we guilty? No. Do you understand? Somewhat |
BelgianMadCow |
Sep-29-08 03:35 PM |
#23 |
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4-how much did the banks recoup from the PMI? |
tjwash |
Sep-29-08 07:23 PM |
#38 |
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They leveraged it to bet big that housing prices would keep increasing. n/t |
mhatrw |
Sep-29-08 08:39 PM |
#40 |
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details that will have to wait until after the Wall Street bailout to discuss |
Supersedeas |
Oct-01-08 11:26 AM |
#65 |
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A humble opinion... |
mellowfellowO |
Sep-29-08 08:49 PM |
#41 |
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Thank you for that |
kgfnally |
Sep-30-08 12:20 AM |
#50 |
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You're Welcome... |
mellowfellowO |
Oct-01-08 11:00 AM |
#64 |
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Great post |
2speak |
Sep-29-08 10:47 PM |
#45 |
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I could explain it all for you |
zlt234 |
Sep-29-08 11:31 PM |
#48 |
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And I find this disturbing, re: Obama's choice of Rubin as an economic adviser >> |
Dover |
Sep-29-08 11:57 PM |
#49 |
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Not the mortgages, so much as the mortgage backed securities.. |
girl gone mad |
Sep-30-08 08:44 AM |
#55 |
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