Recourse Bob

16 Comments

    • Two Fight Back - Cramer's Mad Money (9/11/08) [view article]
      Cramer has never seen a government bailout that he didn't like. He'll let his kids and grandkids pay for those bailouts.

      As far as his charitable trust investments, does anyone know how much money is invested in the trust. It may be only a small amount, but it gives him something to brag about.

      Why would a supposedly great investor, as Cramer would have you believe his was, leave Wall Street and become a clown on CNBC? There must be a reason that he is no longer handling large investors' money. Something must have happened with his investing activities.       Sep 13 05:22 PM
    • The Weekend American Capitalism Died [view article]
      What ever happened to tar and feathers. That's how our country dealt with crooks in years gone by. Sep 10 12:07 AM
    • Forget the Moral Outrage: Just Restore the Mortgage Markets [view article]
      Alan's comment: They also don't seem to mind that they are allowed to deduct mortgage interest (subsidized by renters) or to exempt capital gains from their taxable income when they sell their homes.

      When you say "subsidized by renters," let us not forget that landlords who own rental property deduct mortgage interest, as well. And that deduction potentially benefits renters. So I don't see where renters are subsidizing homeowners.
      Sep 07 05:38 PM
    • Wells Fargo Sham Revealed [view article]
      As a point of interest, I have thought that the banks may be maintaining their high dividend as a means to discourage short sellers. A short seller must pay the dividends of banks they short to the party to whom they borrowed the shares, even though the short seller does not receive the dividend from the bank. The payment of the dividend by the short seller must come out of their own pocket. Sep 05 09:55 PM
    • Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom [view article]
      I wonder how much Jim lost, investing in China entities, since he left the US. China's market is down more than the US. Aug 20 06:56 PM
    • Dollar's Up, Oil Is Down: But Why? [view article]
      Kudlow and his guests say that Free Markets are the Best Path to Prosperity. Now he wants the US to intervene in the currency markets to pump up the US dollar. This guy doesn't know what a free market is. Aug 11 08:50 PM
    • Meredith Whitney and the Hierarchy of Payments [view article]
      User 52095 - I am not blaming anyone. We just need to ensure that, when a buyer takes out a home loan and promises to repay it, the borrower cannot walk without paying a stiff price. Aug 06 01:43 PM
    • Citigroup Reports Loss on Credit Card Securitizations [view article]
      Emerald - It is my understanding that in California the first mortgage is considered by law as non-recourse. This law needs to change. Aug 06 01:33 PM
    • Meredith Whitney and the Hierarchy of Payments [view article]
      As I have posted elsewhere, anyone who turns in the keys to their home should be prohibited from obtaining another first mortgage for at least seven years. And first mortgages should all be with full recourse to the buyer/mortgagor and enforceable under federal law. These measures would put a stop to those who think they don't need to repay their home loan. Congress, do you hear me? Aug 06 12:17 PM
    • WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues [view article]
      Anyone who turns in the keys should be prohibited from obtaining another first mortgage for at least seven years. And first mortgages should all be with full recourse to the buyer/mortgagor and enforceable under federal law. These measures would put a stop to those who think they don't need to repay their home loan. Congress, do you hear me? Aug 06 11:58 AM
    • Skeptical This Relief Rally Has Legs [view article]
      I am damn angry. But there is not much I can do about it. Government spending, including bailouts, is out of control. Chris Dodd was caught with his hand in the till, but he is still in his Senate job. Chris, and others like him, need to go. Jul 22 10:16 AM
    • ABC News Gaffe Reveals Concerns about US Banking System [view article]
      On TV yesterday, the FDIC rep. said IndyMac was not on the list of banks at risk at March 31, 2008 but it did go on the list in June 2008. That was probably after the FDIC had had an opportunity to review IndyMac's March 31, 2008 quarterly filings with the FDIC and SEC. Jul 15 03:30 PM
    • As Costs Rise, Consumer Staples and Utilities Should Outperform [view article]
      Cost of service, rate regulated utilities do not fare well in a period of rising inflation because profits are earned on the historical cost of the utility assets rather than replacement cost. Jul 07 01:58 PM
    • Spectra Energy: Gas Pipelines Make Great Recession Proof Stocks [view article]
      Cost of service, rate regulated utilities (including gas pipelines) do not fare well in a period of rising inflation because profits are earned on the historical cost of the pipeline. That could explain why Steve above is seeing his gas pipeline stocks retreat. Jul 07 01:37 PM
    • Between Inflation and Interest Rates, Bernanke's In Deep [view article]
      The damage has already has been done, taking the federal funds rate from 5.25% to 2.25%. What difference does it make if Ben cuts the rate to 2.0%? Ben should quit messing with the market. Take the rate to 1% or 0% and get it over with. Then we can all move our money out of the U.S. Apr 30 01:06 PM
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