Mr. Cynical's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/150131/comments http://seekingalpha.com/article/169727-google-s-android-vs-apple-history-repeats-itself?source=feed#comment-735422 735422 Thu, 29 Oct 2009 10:37:48 -0400 http://seekingalpha.com/article/169805-cap-and-trade-would-sink-the-u-s-economy?source=feed#comment-735329 735329 Thu, 29 Oct 2009 09:47:50 -0400 http://seekingalpha.com/article/147038-foreclosures-getting-out-of-control?source=feed#comment-574633 574633 Sun, 05 Jul 2009 13:55:20 -0400 http://seekingalpha.com/article/144919-nar-on-existing-home-sales-and-low-ball-appraisals?source=feed#comment-559958 559958
Here's the thing: IMO, The appraisers job is not to determine value--- that should be the buyers job! The appraisers job is to make sure the bank is not getting ripped off. If 3 comps that the appraiser never saw are within 2% or so of the purchase price, 2 things should be clear: 1. The buyer thinks the home is worth the purchase price (thereby justifying its value) and 2. The bank is not likely to be ripped off here. If the buyer is putting down 20% of the purchase price, the property should appraise because the bank is protected.


]]> Wed, 24 Jun 2009 01:32:10 -0400
Here's the thing: IMO, The appraisers job is not to determine value--- that should be the buyers job! The appraisers job is to make sure the bank is not getting ripped off. If 3 comps that the appraiser never saw are within 2% or so of the purchase price, 2 things should be clear: 1. The buyer thinks the home is worth the purchase price (thereby justifying its value) and 2. The bank is not likely to be ripped off here. If the buyer is putting down 20% of the purchase price, the property should appraise because the bank is protected.


]]> http://seekingalpha.com/news/market_currents/post/26509?source=feed#comment-559211 559211
1. there is not a single piece of RE info. that cannot be acquired by the public without the assistance of a Realtor and just a small amount of effort.
2. Any fool can become a Realtor for $1000 (and often does). We are just like any other industry: roughly 80% good, 20% not so good. Choose carefully and you will do well. Most realtors are out to protect the public and their clients, so please don't generalize against all Realtors.]]> Tue, 23 Jun 2009 13:44:15 -0400
1. there is not a single piece of RE info. that cannot be acquired by the public without the assistance of a Realtor and just a small amount of effort.
2. Any fool can become a Realtor for $1000 (and often does). We are just like any other industry: roughly 80% good, 20% not so good. Choose carefully and you will do well. Most realtors are out to protect the public and their clients, so please don't generalize against all Realtors.]]> http://seekingalpha.com/news/market_currents/post/26509?source=feed#comment-559198 559198
Whether this is accidental or intentional is hard to say from the street; however, it's clear that one of the purposes of the largest banks during this whole situation has been to destroy mortgage brokers: see the new law being sniffed in Congress that calls for the mortgage originator to hold a portion of the note.]]> Tue, 23 Jun 2009 13:35:14 -0400
Whether this is accidental or intentional is hard to say from the street; however, it's clear that one of the purposes of the largest banks during this whole situation has been to destroy mortgage brokers: see the new law being sniffed in Congress that calls for the mortgage originator to hold a portion of the note.]]> http://seekingalpha.com/article/139030-the-next-wave-of-foreclosures?source=feed#comment-515180 515180 Sat, 23 May 2009 00:44:13 -0400 http://seekingalpha.com/article/129738-worst-is-yet-to-come-for-banks-mike-mayo?source=feed#comment-455235 455235 Tue, 07 Apr 2009 15:08:49 -0400 http://seekingalpha.com/article/129141-aig-before-credit-default-swaps-there-was-reinsurance?source=feed#comment-449883 449883 Thu, 02 Apr 2009 15:55:34 -0400 http://seekingalpha.com/article/128943-g20-protest-financial-fools-on-parade?source=feed#comment-448211 448211
What exactly, in the act of protesting a mismanaged (& largely fraudulent) global economy, makes these people fools?]]> Wed, 01 Apr 2009 14:31:38 -0400
What exactly, in the act of protesting a mismanaged (& largely fraudulent) global economy, makes these people fools?]]> http://seekingalpha.com/article/127531-fed-and-treasury-sticking-it-to-the-u-s-taxpayer-something-stinks?source=feed#comment-438305 438305 Tue, 24 Mar 2009 12:29:58 -0400 http://seekingalpha.com/article/124939-credit-markets-tanking-again?source=feed#comment-419543 419543
What you are railing against is a deliberate attempt by the Obama administration to give the banks time to earn their way out of a big mess and avoid having to interrupt more in the marketplace. So despite the fact that what they are attempting to do is stay out of it, what you are saying is you want a government solution, you want it now and then get the hell out the way tomorrow.

Plus, the only thing that could be done now would be nationalization on a massive scale and massive debt reorg for consumers. Certainly if they did that then the criticism would really fly.

]]> Mon, 09 Mar 2009 14:55:58 -0400
What you are railing against is a deliberate attempt by the Obama administration to give the banks time to earn their way out of a big mess and avoid having to interrupt more in the marketplace. So despite the fact that what they are attempting to do is stay out of it, what you are saying is you want a government solution, you want it now and then get the hell out the way tomorrow.

Plus, the only thing that could be done now would be nationalization on a massive scale and massive debt reorg for consumers. Certainly if they did that then the criticism would really fly.

]]> http://seekingalpha.com/article/122870-three-missteps-in-obama-s-grand-economic-plan?source=feed#comment-404613 404613 Thu, 26 Feb 2009 12:08:08 -0500 http://seekingalpha.com/article/122863-how-stressed-are-u-s-banks?source=feed#comment-404545 404545 www.debtdeflation.com/...

Keen claims, quite persuasively, that the fractional reserve banking system has been taken over by a credit system.

Also, I find Naked Capitalism's recent posts regarding the ineffectiveness of the stress tests important to note.

]]> Thu, 26 Feb 2009 11:24:38 -0500 www.debtdeflation.com/...

Keen claims, quite persuasively, that the fractional reserve banking system has been taken over by a credit system.

Also, I find Naked Capitalism's recent posts regarding the ineffectiveness of the stress tests important to note.

]]> http://seekingalpha.com/news/market_currents/post/18122?source=feed#comment-395571 395571
Make sure you read this before you eat.]]> Thu, 19 Feb 2009 15:36:31 -0500
Make sure you read this before you eat.]]> http://seekingalpha.com/article/120237-pondering-debt-deflation?source=feed#comment-387932 387932
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]]> http://seekingalpha.com/article/119546-impending-market-rebound-tied-to-financial-sector?source=feed#comment-383213 383213 Tue, 10 Feb 2009 22:01:04 -0500 http://seekingalpha.com/article/118418-signs-of-the-apocalypse-in-markets?source=feed#comment-375506 375506
Macro Man wrote:

More troubling is the prospect of a populist political backlash to the crisis. Populism is generally the enemy of sensible policymaking]]> Wed, 04 Feb 2009 10:56:54 -0500
Macro Man wrote:

More troubling is the prospect of a populist political backlash to the crisis. Populism is generally the enemy of sensible policymaking]]> http://seekingalpha.com/article/118198-the-doomsday-argument-market-version?source=feed#comment-374758 374758 Tue, 03 Feb 2009 15:39:38 -0500 http://seekingalpha.com/article/117150-i-m-old-school?source=feed#comment-369438 369438 Wed, 28 Jan 2009 23:41:37 -0500 http://seekingalpha.com/article/116021-treasury-selloff-we-may-be-approaching-bailout-limits?source=feed#comment-363613 363613
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]]> http://seekingalpha.com/article/113450-sirius-xm-impresses-on-blackberry?source=feed#comment-347571 347571 Tue, 06 Jan 2009 12:46:09 -0500 http://seekingalpha.com/article/109633-a-rotting-market-stinks-from-the-head?source=feed#comment-323876 323876
Banks deleveraging process necessarily creates demand for Treasuries. How far are we through that ballgame? Also, the fed is going to buy long term treasuries to push down yield curve. Finally, we are going to lose another million jobs in the next four months.

That doesn't sound like Treasuries tanking to me. Good luck with your trade.]]> Mon, 08 Dec 2008 12:07:42 -0500
Banks deleveraging process necessarily creates demand for Treasuries. How far are we through that ballgame? Also, the fed is going to buy long term treasuries to push down yield curve. Finally, we are going to lose another million jobs in the next four months.

That doesn't sound like Treasuries tanking to me. Good luck with your trade.]]> http://seekingalpha.com/article/109378-when-should-the-government-step-back-from-all-this?source=feed#comment-323432 323432 Sun, 07 Dec 2008 22:44:41 -0500 http://seekingalpha.com/article/109170-loan-modifications-just-a-warm-up-for-mortgage-holiday?source=feed#comment-321290 321290 Thu, 04 Dec 2008 23:35:21 -0500 http://seekingalpha.com/article/108639-uncle-ben-signals-the-end-game?source=feed#comment-318560 318560
MacroMan does not address this question in the post, either, other than to say it is a banana republic style maneuver that will lead to disaster.

If the fed borrows at 3% and loans out at 5 or 7 or 9, what is the problem?]]> Mon, 01 Dec 2008 23:10:30 -0500
MacroMan does not address this question in the post, either, other than to say it is a banana republic style maneuver that will lead to disaster.

If the fed borrows at 3% and loans out at 5 or 7 or 9, what is the problem?]]> http://seekingalpha.com/article/108302-fun-with-government-bonds?source=feed#comment-316815 316815
In fact, they will push rates lower so that everybody can re-fi at 5% or less.

This is like, what, the zillionth long double-short treasuries article on Seeking Alpha in the last 2 weeks? Sheesh. Leave this one to the monkeys and go call Obama and tell him to start the great derivative unwind on 1/20.]]> Fri, 28 Nov 2008 13:12:14 -0500
In fact, they will push rates lower so that everybody can re-fi at 5% or less.

This is like, what, the zillionth long double-short treasuries article on Seeking Alpha in the last 2 weeks? Sheesh. Leave this one to the monkeys and go call Obama and tell him to start the great derivative unwind on 1/20.]]>