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    <title>wunderhof's Comments</title>
    <description>wunderhof's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.comuser/102959/comments</link>
    <item>
      <title>You Want to Save the Housing Market? Don't Fight Foreclosures</title>
      <link>http://seekingalpha.com/article/121930/comments?source=feed#comment-400450</link>
      <guid isPermaLink="false">400450</guid>
      <content>
        <![CDATA[The real estate market dysphoria now common across the US <br/>started with home prices artificially inflated by too many buyers <br/>with too much credit. The market will react to another proposed <br/>artificial property price boost by failing again at some time in <br/>the future. Until the last, final, painful correction plays out. <br/>Uncertainty of the effect of the next government program will <br/>make every attempt at government intervention fail. If you <br/>believe that the real estate market will stabilize by abating <br/>foreclosure, then you must prevent ALL foreclosures. If you <br/>exclude some foreclosure from abatement, then those foreclosures <br/>will depress the values of the neighboring rescued properties.<br/>Stay out of the market and provide sustenance to the <br/>unfortunates.]]>
      </content>
      <pubDate>Mon, 23 Feb 2009 16:11:13 -0500</pubDate>
      <description>
        <![CDATA[The real estate market dysphoria now common across the US <br/>started with home prices artificially inflated by too many buyers <br/>with too much credit. The market will react to another proposed <br/>artificial property price boost by failing again at some time in <br/>the future. Until the last, final, painful correction plays out. <br/>Uncertainty of the effect of the next government program will <br/>make every attempt at government intervention fail. If you <br/>believe that the real estate market will stabilize by abating <br/>foreclosure, then you must prevent ALL foreclosures. If you <br/>exclude some foreclosure from abatement, then those foreclosures <br/>will depress the values of the neighboring rescued properties.<br/>Stay out of the market and provide sustenance to the <br/>unfortunates.]]>
      </description>
    </item>
    <item>
      <title>Largest Bond ETF Now Trading At a Massive Discount</title>
      <link>http://seekingalpha.com/article/99461/comments?source=feed#comment-280182</link>
      <guid isPermaLink="false">280182</guid>
      <content>
        <![CDATA[Look at the table, lifted from iShares, showing the make-up of AGG. Perhaps the FNMA, GNMA, and FHL bonds' pricing doesn't reflect all of the risks that these securities may carry.<br/>Top Sectors as of 10/9/2008	Trading Information<br/>25.50%	U.S. Treasury<br/>17.57%	FHLMC<br/>16.84%	FNMA<br/>11.68%	US Agencies<br/>9.62%	Financial Institutions<br/>8.40%	Industrial<br/>3.91%	Non-Corporate<br/>3.59%	GNMA<br/>1.93%	Utility<br/>0.35%	S-T Securities<br/>Related Index	N/A<br/>NAV Per Share	AGG.NV<br/>Und. Trading Value	AGG.IV<br/>Shares Outstanding	AGG.SO<br/>Est. Cash	AGG.EU<br/>Total Cash	AGG.TC<br/>CUSIP	464287226<br/>Options Available<br/><br/>]]>
      </content>
      <pubDate>Sat, 11 Oct 2008 22:26:24 -0400</pubDate>
      <description>
        <![CDATA[Look at the table, lifted from iShares, showing the make-up of AGG. Perhaps the FNMA, GNMA, and FHL bonds' pricing doesn't reflect all of the risks that these securities may carry.<br/>Top Sectors as of 10/9/2008	Trading Information<br/>25.50%	U.S. Treasury<br/>17.57%	FHLMC<br/>16.84%	FNMA<br/>11.68%	US Agencies<br/>9.62%	Financial Institutions<br/>8.40%	Industrial<br/>3.91%	Non-Corporate<br/>3.59%	GNMA<br/>1.93%	Utility<br/>0.35%	S-T Securities<br/>Related Index	N/A<br/>NAV Per Share	AGG.NV<br/>Und. Trading Value	AGG.IV<br/>Shares Outstanding	AGG.SO<br/>Est. Cash	AGG.EU<br/>Total Cash	AGG.TC<br/>CUSIP	464287226<br/>Options Available<br/><br/>]]>
      </description>
    </item>
    <item>
      <title>Housing Bust Blame Game</title>
      <link>http://seekingalpha.com/article/69250/comments?source=feed#comment-129113</link>
      <guid isPermaLink="false">129113</guid>
      <content>
        <![CDATA[Don't forget the home price appreciation PUT that the mortgage dealers and repackagers used to &quot;insure&quot; the MBS/CDO/CDS train of debt and securities.]]>
      </content>
      <pubDate>Wed, 19 Mar 2008 23:40:11 -0400</pubDate>
      <description>
        <![CDATA[Don't forget the home price appreciation PUT that the mortgage dealers and repackagers used to &quot;insure&quot; the MBS/CDO/CDS train of debt and securities.]]>
      </description>
    </item>
    <item>
      <title>Housing Market Tracker - Housing-Related Industries Update</title>
      <link>http://seekingalpha.com/article/69102/comments?source=feed#comment-128549</link>
      <guid isPermaLink="false">128549</guid>
      <content>
        <![CDATA[That's it! Buffet's nefarious plan revealed! Corner the market on bricks and then let the wolves loose!]]>
      </content>
      <pubDate>Tue, 18 Mar 2008 21:40:40 -0400</pubDate>
      <description>
        <![CDATA[That's it! Buffet's nefarious plan revealed! Corner the market on bricks and then let the wolves loose!]]>
      </description>
    </item>
    <item>
      <title>Why We're Still in the Early Innings of the Bursting of the Housing and Credit Bubbles - And Implications for MBIA and Ambac</title>
      <link>http://seekingalpha.com/article/67665/comments?source=feed#comment-124263</link>
      <guid isPermaLink="false">124263</guid>
      <content>
        <![CDATA[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.]]>
      </content>
      <pubDate>Sun, 09 Mar 2008 13:04:30 -0400</pubDate>
      <description>
        <![CDATA[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.]]>
      </description>
    </item>
    <item>
      <title>Going Nuclear: 3 Indices, 1 ETF and Seeking Alpha</title>
      <link>http://seekingalpha.com/article/65093/comments?source=feed#comment-117197</link>
      <guid isPermaLink="false">117197</guid>
      <content>
        <![CDATA[<a rel='nofollow' target='_blank' href='http://wna.snetglobalindexes.com/about_the_indexes.php'>wna.snetglobalindexes....</a><br/>The list as of 12/07.]]>
      </content>
      <pubDate>Tue, 19 Feb 2008 13:21:17 -0500</pubDate>
      <description>
        <![CDATA[<a rel='nofollow' target='_blank' href='http://wna.snetglobalindexes.com/about_the_indexes.php'>wna.snetglobalindexes....</a><br/>The list as of 12/07.]]>
      </description>
    </item>
    <item>
      <title>What the Housing 'Apocalypse' Prophets Aren't Revealing</title>
      <link>http://seekingalpha.com/article/63150/comments?source=feed#comment-114623</link>
      <guid isPermaLink="false">114623</guid>
      <content>
        <![CDATA[HOPE program, perhaps? The last step before foreclosure is to APPLY for a new mortgage. Actually getting one, that's another unreported statistic.]]>
      </content>
      <pubDate>Tue, 05 Feb 2008 09:20:08 -0500</pubDate>
      <description>
        <![CDATA[HOPE program, perhaps? The last step before foreclosure is to APPLY for a new mortgage. Actually getting one, that's another unreported statistic.]]>
      </description>
    </item>
    <item>
      <title>Worst Housing Decline Since The Depression - Wells Fargo</title>
      <link>http://seekingalpha.com/article/54517/comments?source=feed#comment-102211</link>
      <guid isPermaLink="false">102211</guid>
      <content>
        <![CDATA[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?]]>
      </content>
      <pubDate>Sat, 17 Nov 2007 11:16:54 -0500</pubDate>
      <description>
        <![CDATA[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?]]>
      </description>
    </item>
    <item>
      <title>Something's Fishy About the Jobs Number</title>
      <link>http://seekingalpha.com/article/49222/comments?source=feed#comment-98151</link>
      <guid isPermaLink="false">98151</guid>
      <content>
        <![CDATA[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.]]>
      </content>
      <pubDate>Tue, 09 Oct 2007 18:47:10 -0400</pubDate>
      <description>
        <![CDATA[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.]]>
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