jerry p

Lost Decade for Stocks?

Blaming the decline of the USD on the war is ignorant. The USD started its decline when Greenspan lowered the rates to 1% and is crashing again because Bernanke is headed back to 1% due to the credit problems. I wish you idiots would stop trying to tie every event in the world to Iraq. People did not borrow beyong their means because of Iraq. Banks didn't make bad loans because of Iraq. You did get a flat tire because of Iraq. While the Iraq war has been expensive and a huge waste of resources, it is not the cause of all the world's problems.

Jumbo Mortgage Risk Will Topple the Teetering GSEs

It's funny to see that some people are still comparing past default rates to the loans of the past few years. Alt-A used to be very safe loans until the lenders threw all standards out the window. Subprime used to default at under 5% and is now defaulting at nearly 20%. One jumbo loans default equals three or more average conforming loans defaulting. Now throw on a housing bubble where prices will drop 20-30 percent with jumbo defaults and you have a recipe for disaster