Mahant's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/112209/comments http://seekingalpha.com/article/153994-an-all-cap-china-etf-from-claymore-something-different?source=feed#comment-619101 619101 Thu, 06 Aug 2009 23:54:52 -0400 http://seekingalpha.com/article/132997-d-day-for-citi-s-pandit-too?source=feed#comment-477506 477506 Sun, 26 Apr 2009 01:08:15 -0400 http://seekingalpha.com/article/130456-must-know-criteria-for-picking-inflation-proof-high-dividend-stocks?source=feed#comment-459645 459645 Sat, 11 Apr 2009 00:35:31 -0400 http://seekingalpha.com/article/127958-how-will-payday-lenders-be-affected-by-new-bill-in-congress?source=feed#comment-441292 441292
As to reporting under TIL why loans less than 10 months not be reported and an amendment to this Law be brought by Senator.

He has looked at this from the viewpoint of a Bankers/Lenders lobby not from the viewpoint of marginal borrowers/his sense of social justice to indigent.

Hope people in Obama administration should look into these loans as a form of microlending with establishment of a Credit Guarrantee Corporation to mitigate their subprime status. They should also look into the possibility of resurrecting Old Usuary Laws that were in existence into most of the States to reduce possibility of Criminal elements being so present in this area as of now. ]]> Thu, 26 Mar 2009 13:50:25 -0400
As to reporting under TIL why loans less than 10 months not be reported and an amendment to this Law be brought by Senator.

He has looked at this from the viewpoint of a Bankers/Lenders lobby not from the viewpoint of marginal borrowers/his sense of social justice to indigent.

Hope people in Obama administration should look into these loans as a form of microlending with establishment of a Credit Guarrantee Corporation to mitigate their subprime status. They should also look into the possibility of resurrecting Old Usuary Laws that were in existence into most of the States to reduce possibility of Criminal elements being so present in this area as of now. ]]> http://seekingalpha.com/article/113676-china-assigning-blame?source=feed#comment-349988 349988 Thu, 08 Jan 2009 14:30:48 -0500 http://seekingalpha.com/article/84798-much-to-like-about-the-gse-rescue?source=feed#comment-205626 205626
GSE's were originally created to provide mortgage finance to primary mortgage institutions by refinancing them thru consolidation of loans and securitisation. The process was simple. Original funding was done by federal Govt. at interest rates which were low to enable GSE's to rediscount at lower rates so that needy low income and middle income citizens could get mortgages at reasonable interest rates. They were allowed to issue Bonds to public and there was an implied understanding that since these institutions are created by Congress they will have full support of Uncle Sam. Their Bonds have been rated As AAA for that reason right from the beginning. Most conservative retirees have invested in their Bonds for earning fixed interest income as their rate of interest is slightly higher than GINNIE MAES whose Bonds are expressly guaranteed by Govt.

Two things are not understandable. First why these institutions would have run into losses when they were allowed substantial leverage by Federal Govt and Federal Reserve plus funding by public at rates much lower than the rates at which these institutions have been rediscounting as their spreads were always maintained and guranteed. Losses appear to be the result of mismanagement and lack of control on overheads. This seems to have happened despite close watch of Federal Reserve System and oversight of Congress. A thorough expert investigation is needed as Congressional Hearings are not enough.

Secondly on one side Mr. Paulson and Bernanke have been able to come up with a Plan which will provide emergency funding and even buying shares of both Freddy and Fannie ( commendable indeed to save the system) poor shareholders have been given clear cut message that since these two are bankrupt (per one Fedral Reserve Governor) they should not have any hope of recovering their equity. The most surprising innuendo in your artcle is that Bondholders should also be prepared to loose. In nutshell conservative retirres who are shareholders and bondholders in these GSE's ( carriers of implied Federal Govt. Guarantee) should be ready to bear this additional indirect tax as a result of mismanagement by Administration, Federal Reserve and Congress. In fact I hold Freddy and Fannie Bonds and my broker has advised by way of a footnote in my latest Statement that interest on these Bonds has not been paid and may not be paid so I should not plan things based on this estimated/accrued interest. This information has not been made public by either CNBC or other media so far and I do not know what action has been taken by Debt rating Agencies as GSE's would definitely have advised them and any action by them would create additional flutter. ]]> Mon, 14 Jul 2008 22:36:23 -0400
GSE's were originally created to provide mortgage finance to primary mortgage institutions by refinancing them thru consolidation of loans and securitisation. The process was simple. Original funding was done by federal Govt. at interest rates which were low to enable GSE's to rediscount at lower rates so that needy low income and middle income citizens could get mortgages at reasonable interest rates. They were allowed to issue Bonds to public and there was an implied understanding that since these institutions are created by Congress they will have full support of Uncle Sam. Their Bonds have been rated As AAA for that reason right from the beginning. Most conservative retirees have invested in their Bonds for earning fixed interest income as their rate of interest is slightly higher than GINNIE MAES whose Bonds are expressly guaranteed by Govt.

Two things are not understandable. First why these institutions would have run into losses when they were allowed substantial leverage by Federal Govt and Federal Reserve plus funding by public at rates much lower than the rates at which these institutions have been rediscounting as their spreads were always maintained and guranteed. Losses appear to be the result of mismanagement and lack of control on overheads. This seems to have happened despite close watch of Federal Reserve System and oversight of Congress. A thorough expert investigation is needed as Congressional Hearings are not enough.

Secondly on one side Mr. Paulson and Bernanke have been able to come up with a Plan which will provide emergency funding and even buying shares of both Freddy and Fannie ( commendable indeed to save the system) poor shareholders have been given clear cut message that since these two are bankrupt (per one Fedral Reserve Governor) they should not have any hope of recovering their equity. The most surprising innuendo in your artcle is that Bondholders should also be prepared to loose. In nutshell conservative retirres who are shareholders and bondholders in these GSE's ( carriers of implied Federal Govt. Guarantee) should be ready to bear this additional indirect tax as a result of mismanagement by Administration, Federal Reserve and Congress. In fact I hold Freddy and Fannie Bonds and my broker has advised by way of a footnote in my latest Statement that interest on these Bonds has not been paid and may not be paid so I should not plan things based on this estimated/accrued interest. This information has not been made public by either CNBC or other media so far and I do not know what action has been taken by Debt rating Agencies as GSE's would definitely have advised them and any action by them would create additional flutter. ]]> http://seekingalpha.com/article/84839-dow-s-next-move-a-technical-and-fundamental-look?source=feed#comment-205589 205589 Mon, 14 Jul 2008 20:59:53 -0400 http://seekingalpha.com/article/57306-friday-outlook-sectors-and-international?source=feed#comment-105527 105527 Sun, 16 Dec 2007 00:20:58 -0500 http://seekingalpha.com/article/49739-reduce-your-chinese-holdings-before-the-national-party-congress-begins?source=feed#comment-98549 98549 Sat, 13 Oct 2007 03:06:18 -0400 http://seekingalpha.com/article/49739-reduce-your-chinese-holdings-before-the-national-party-congress-begins?source=feed#comment-98548 98548 Sat, 13 Oct 2007 02:59:34 -0400