TommyG

11 Comments

    • John Hussman: Can the Emergency Housing Bill Be Fixed? [view article]
      ASG, I believe you are correct, bought both Fanny and Freddie. I don't believe they'll need to borrow. Not that they were the most well managed company around, the lobbying they do is disturbing. They need to reduce assets, shore up capital a bit. New mortgage bond program may ease some of the pressure they have to lend. Aug 01 09:51 AM
    • Why Oil Tripped as Fannie & Freddie Survived [view article]
      His/Her lips are moving. Mark to Market is killing the financials, don't see why it has to be. An asset (loan) is impared if it's not performing, not because someone decides not to buy it. Look at how large corps value their A/R and reserves for bad debt. Fannie and Freddie have performing portfolios and could raise large sums by reducing the amount of loans they make. Jul 17 09:57 AM
    • Fannie & Freddie: Myth vs. Reality, Part 2 [view article]
      Bought a modest amount of both, the GAAP mark to market has created large opportunities in financials. Jul 14 12:44 PM
    • Barron's: The Subprime Crisis May Be Over [Housing Tracker] [view article]
      Next comes the defaults on auto loans as people abandon their gas guzzlers, then the credit cards May 29 09:53 AM
    • Foreclosures Prove Loan Modification Isn't Working [view article]
      Banks are cutting their noses to spite their faces if they don't work with people seeking help. But I'd rather see a forclosure than some gov. bailout that comes out of our pockets. Who were the idiots who lent to the guy in N Cal the money? Boo Hoo Hoo. May 16 09:52 AM
    • How Long Until the Housing Market Recovers? [view article]
      We bought our first home with help from family, suspect there are a lot who do. We're also looking at a huge wealth transfer as parents from "The Greatest Generation" and some "Boomers" pass on and leave funds to familys. Won't help all but a large number. The government should set up tax free home down payment accounts for first time buyers. May 07 08:36 AM
    • A Few Crumbs of Good Housing News - Housing Tracker [view article]
      Get rid of Moonscopes rants or risk losing readers. Nobody cares dude. May 02 01:46 PM
    • Bill Gross: If Housing Prices Decline Further, So Does the Economy [view article]
      Remind me not to invest with Pimco, Gross is a communist. Speculators, large and small, lost (and some made) money in this bubble. No bailouts for stupid, greedy people. The market will reach equallibrium at the level it should have been in the first place. There are billions in cash on the sidelines waiting for this to right itself. Apr 01 03:08 PM
    • Wall Street Breakfast: Must-Know News [view article]
      Re:Economists argued whether the amended move created a so-called "moral hazard". Any idiot who sees this as a time to take additional risk can have the same haircut Bear Sterns shareholders received. Mar 25 10:57 AM
    • Foreclosure-Proof Homeowners [view article]
      So what's stopping the banks. The value of the mortgage was probably already written down as non-performing, so they trade one asset for another, maybe hold it a while for the market to return like it will in the case of high end real estate. Let's start a vulture fund and start buying mortgages like these. Believe we could make a killing. Mar 05 01:23 PM
    • Anatomy of a Subprime Mortgage: Sherri Winston's Story [view article]
      So, she bought more house than she could apparently afford, mortgaged it to the hilt with a stupid mortgage choice, spent the refi money on things she shouldn't have etc., etc. Granted the medical issues caused pain but not a lot of sympathy from me. Feb 21 09:18 AM
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