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wunderhof
7 Comments
Housing Bust Blame Game [view article]
Don't forget the home price appreciation PUT that the mortgage dealers and repackagers used to "insure" the MBS/CDO/CDS train of debt and securities. Mar 19 11:40 PMHousing Market Tracker - Housing-Related Industries Update [view article]
That's it! Buffet's nefarious plan revealed! Corner the market on bricks and then let the wolves loose! Mar 18 09:40 PMWhy We're Still in the Early Innings of the Bursting of the Housing and Credit Bubbles - And Implications for MBIA and Ambac [view article]
When the current calender period CDS's expire, can't the insurers decline to re-up? Wouldn't MBIA, Ambac, and the others be able to argue for rescinding the current swaps since the buyers materially misrepresented the default quality of the objects of the coverage? That won't make the bad loans good but it would avoid the catastrophic effects of the bond insurers collapse. Mar 09 01:04 PMGoing Nuclear: 3 Indices, 1 ETF and Seeking Alpha [view article]
wna.snetglobalindexes....The list as of 12/07. Feb 19 01:21 PM
What the Housing 'Apocalypse' Prophets Aren't Revealing [view article]
HOPE program, perhaps? The last step before foreclosure is to APPLY for a new mortgage. Actually getting one, that's another unreported statistic. Feb 05 09:20 AMWorst Housing Decline Since The Depression - Wells Fargo [view article]
What reg's are there to prevent money center companies like wells fargo from transferring their toxic siv paper to one of the mutuals that they manage? Nov 17 11:16 AMSomething's Fishy About the Jobs Number [view article]
When faced with the choice of attributing some outrageous government action to a cleverly constructed conspiracy or to incompetence, the choice with civil servants is always incompetence. All unelected gov. workers are civil servants, even at the upper levels. Elected officials, on the other hand, are crooks and liars and capable of conspiracies. Oct 09 06:47 PM