tag:blogger.com,1999:blog-20692053.post5632816411615946049..comments2023-11-03T06:35:48.003-05:00Comments on Shark and Shepherd: Maybe the government did cause the financial crisis - through regulationRick Esenberghttp://www.blogger.com/profile/07280070509167910367noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-20692053.post-58166415740148298312010-12-18T08:23:39.204-06:002010-12-18T08:23:39.204-06:00Should i upgrade? and is it worth the money to go ...Should i upgrade? and is it worth the money to go and by the upgrade? Have you had any problems with windows 7??<br />__________________<br />[url=http://jail-break-ps3.blogspot.com/2010/12/jail-break-ps3.html]Jail break ps3[/url]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-21032994657826522332010-03-04T12:49:37.199-06:002010-03-04T12:49:37.199-06:00Great Site. Was added to mybookmarks. Greetings Fr...Great Site. Was added to mybookmarks. Greetings From USA.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-44214346513455094182008-09-22T21:22:00.000-05:002008-09-22T21:22:00.000-05:00The problem was that we can never trust anyone to ...The problem was that we can never trust anyone to gamble with securitized mortgages. What the government is proposing now is fascism, plain and simple, and it seems only conservatives are noting this. For a historical perspective and penetrating critique, see The New New Deal: A Public-Private Partnership Called "Fascism" at http://www.riverwestneighborhood.org/index.php?option=com_content&task=view&id=2718&Itemid=582&lang=Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-52820218153681368432008-09-21T13:41:00.000-05:002008-09-21T13:41:00.000-05:00Doctrinally, you are only half right.Under Church ...Doctrinally, you are only half right.<BR/><BR/>Under Church teaching, one may sell shorts.<BR/><BR/>However, one may not be NAKED and sell shorts.<BR/><BR/>Subtle but significant difference.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-20692053.post-6192543577753570582008-09-20T17:32:00.000-05:002008-09-20T17:32:00.000-05:00In an WSJ opinion piece yesterday, the former head...In an WSJ opinion piece yesterday, the former head of the FDIC also points to the "mark to market" rule as one of three primary factors in the current credit crisis, so the rule may warrant some revisiting. (The other two factors he identifies are "naked short selling," which makes some sense and is condemned by my Church in any event, and adoption in this country of the Basel II rules, whatever the hell they are.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-22377158742351372852008-09-19T21:52:00.000-05:002008-09-19T21:52:00.000-05:00Why were Freddie and Fannie being run by liberal c...Why were Freddie and Fannie being run by liberal cronies of Clinton?<BR/>Why were Johnson and Raines made multi-multi-multi-MILLIONAIRES by virtue of their political CONNECTIONS to Bill Clinton.<BR/>Why did Jamie Gorelick make millions and millions?<BR/>Why did Obama hire Johnson and Raines?<BR/>Lastly has Borat Obama thrown Raines and Johnson under the bus yet?<BR/><BR/>This is not the Johnson and Raines that I knew!!!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-67620981300247085952008-09-18T15:25:00.000-05:002008-09-18T15:25:00.000-05:00The problem is not exclusively 'the % of foreclosu...The problem is not exclusively 'the % of foreclosures.'<BR/><BR/>The problem is that nobody knows what the COST of those foreclosures will be. I.E., will the banks take a 10% haircut? 20%? 30%?<BR/><BR/>It could be zero, and it could be 50%.<BR/><BR/>Uncertainty is what's driving the market. <BR/><BR/>That, and 30x leveraging.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-20692053.post-40039532142525223452008-09-18T14:04:00.000-05:002008-09-18T14:04:00.000-05:00While not great, this level should not be bringing...<I>While not great, this level should not be bringing about worldwide financial catastrophe</I><BR/><BR/>Other than the notion that 5% (it's 9.2% according to the Mortgage Bankers Assn.) "seems" like a "small number," what is this assessment based on?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-52415525508190171732008-09-18T10:57:00.000-05:002008-09-18T10:57:00.000-05:00The last estimate I heard of mortgages in default/...The last estimate I heard of mortgages in default/foreclosure was somewhere in the vicinity of 5%. While not great, this level should not be bringing about worldwide financial catastrophe. There are obviously other factors influencing all of this.<BR/><BR/>A different perspective... If public schools were graduating 95% of students successfully - wouldn't that be construed as an enormous positive? Would everybody be hyperventilating about the world collapsing?<BR/><BR/>Too bad that in the 24/7 news cycles and the complication of a presidential election cycle, we can't just stop and take a deep collective breath for a moment and analyze all of this without emotion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-41024715042731886462008-09-18T10:14:00.000-05:002008-09-18T10:14:00.000-05:00the percentage of mortgages in foreclosure and def...<I>the percentage of mortgages in foreclosure and default is still <A HREF="http://www.bloomberg.com/apps/news?pid=20601206&sid=aMA9irftpUpI&refer=realestate" REL="nofollow">very small</A></I><BR/><BR/>So was the ratio of hemlock to Socrates's daily fluid intake.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20692053.post-85298919710902918912008-09-18T09:17:00.000-05:002008-09-18T09:17:00.000-05:00Umnnhhhhh...SOX created some problems, but leverag...Umnnhhhhh...<BR/><BR/>SOX created some problems, but leveraging 30x is still...inane.<BR/><BR/>However, it IS true that FDIC is forcing banks to write off/write down a number of PERFORMING loans--i.e., payments are being made, covenants are being kept, etc.<BR/><BR/>It's "SOX-lite"--no law, just regulatory decisions.<BR/><BR/>This has an effect: the banks are unwilling to write loans which FDIC will (post facto) declare 'uncollectable.' And since bankers are puzzled by FDIC's standards, they simply retreat to 'no-loans' as policy.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.com