Reggie Middleton's  Instablog

Reggie Middleton
Send Message
Reggie Middleton is the personification of the freethinking maverick — the ultimate nonconformist as it applies to macro strategies, investment, and analysis. He uses his background and knowledge in new media, distributed computing, risk management, insurance, financial engineering, real estate,... More
My company:
My blog:
Back To Reggie Middleton's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (9)
Track new comments
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
    Awesome article, Reggie. You deserve wide readership.
    14 Oct 2010, 02:33 PM Reply Like
  • Reggie Middleton
    , contributor
    Comments (268) | Send Message
    Author’s reply » Thanks, but it appears as if the SA crowd is not the audience for my content though. I'm glad you like my stuff, though :-)
    14 Oct 2010, 02:42 PM Reply Like
  • doubleguns
    , contributor
    Comments (9712) | Send Message
    "...everybody and their momma will be scrambling to put the fraudulent loans back to the originating banks "


    I just saw where freddie and fannie are looking to do this with about 44 billion of loans. This has to send a shudder through the banks. More importantly if your in the middle and the originator is bankrupt and gone you might be the one that gets to bend over.


    I disagree that the SA crowd is not your audience.


    Keep it coming!!!! OG is right, awsome stuff Reggie.
    14 Oct 2010, 03:15 PM Reply Like
  • TeresaE
    , contributor
    Comments (3041) | Send Message
    I relish your articles Reggie! (and wish I could afford your service, well, truly wish I had a reason to afford it, my hub is firmly in the, "it's all going to be okay" camp)


    We all watched what happened after TARP, where people that COULD afford their payments decided they had been "screwed" and decided to mail in the keys.


    Anyone else thinking what I am thinking? That if people start getting houses free and clear, it will cause the "unintended" consequence of millions more "homeowners" to get pissed off and stop making their payments too, in the hope of getting something for nothing?


    Cripes. Just when you think, "how can this get any worse?" you find out!


    Keep on, keeping on Reggie!
    14 Oct 2010, 03:50 PM Reply Like
  • Gary A
    , contributor
    Comments (3154) | Send Message
    I think that it is stupid not to walk away from a ponzi scheme. Everyone should have the right to walk away. In recourse states, there may be a clogging, and so what if they garnish your paycheck, as that is cheaper than being underwater.
    14 Oct 2010, 04:12 PM Reply Like
  • doubleguns
    , contributor
    Comments (9712) | Send Message
    TE I wont get it free. My house is through a credit union and they did not sell the loan.


    Damn the bad luck.


    Your point is well taken. The banks are screwed no matter what they do. Maybe they just sit around on thier hands and punt.


    There has got to be some big law firms seeing this as a win/win for them. Sue the banks, sue the squatters then sue the banks, sue the banks then the squatters, sue those over there, these over here, sue the 1st parties, 2nd parties, third parties, mortgage insurance companies and the list just keeps on going.


    Hope they at least put Barney Frank on the list.
    14 Oct 2010, 04:21 PM Reply Like
  • TeresaE
    , contributor
    Comments (3041) | Send Message
    I won't either DG. Because we own a business, with a commercial mortgage - personally guaranteed - if we stop paying either mortgage, we lose both.


    So, the only way I personally "screw" the banks would be if everything was lost and bankruptcy was looming in the immediate future.


    Thus far we've been able to cut expenses, fire unprofitable customers, benefit from the loss of our competition and hang on. If we can continue long enough we can come out of the nightmare, albeit with a building and a house that we paid way too much for - but could still afford.
    21 Oct 2010, 04:23 PM Reply Like
  • Leftfield
    , contributor
    Comments (4071) | Send Message
    Could this looming issue be why FNM and FRE had their Treasury credit line ceilings of $200 billion/each removed in December of 2009 so it's now unlimited?
    15 Oct 2010, 07:58 AM Reply Like
  • Gary A
    , contributor
    Comments (3154) | Send Message
    Secret bailout.
    20 Oct 2010, 06:16 PM Reply Like
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.