The housing plan needs to be shelved. Yes it is unfortunate that people attempted to live beyond their means, but I do think those that did live within their means should pay for the mistakes of those that did not. Normalcy will NOT return to ANY market until the bad debt is forced into the open and defaulted. It won't be painless I can assure you, but it will give us a place to begin rebuilding our economic system on a solid base.
Note to NYT: Dick Syron is Not Clairvoyant [View article]
Horse Hockey !
1. Not 2005, as early as 2001 were underwriting standards questionable. When I was offered a mortgage for more than 10 times my income I decided to become a renter instead.
2. Nobody in this mess wants to fess up to their part in it. That is why this will continue to drag on for quite some time.
3. Don't get me started on the GSE's. They should go into receivership and be wound down until they no longer exist.
4. Duh! Anyone with half a brain who has been paying attention should know this fact....
5. I usually like Tanta's analysis.
6. Duh! See #4
7. Please stop posting on Seeking Alpha, I truly do not enjoy your contributions. They are lacking in every respect.
Bush Housing Law: Cheap Compared to the Alternatives [View article]
No wonder this is article sounds like he's a shill. The man is a journalist, the largest bunch of apologists for the current gatekeepers. Did anyone read his article about Hank Paulson being a "Rare Keeper". If I didn't know better I'd have thought this to be satirical comedy. Go write gossip about Britney or Maddonna, that's what journalists do best these days. Facts and real analysis are so foreign to your profession today as to be considered quaint.
FHFA Consistently Understates Level of Housing Decline [View article]
President Obama's Housing Plan: Bold Enough? [View article]
www.time.com/time/busi...
The housing plan needs to be shelved. Yes it is unfortunate that people attempted to live beyond their means, but I do think those that did live within their means should pay for the mistakes of those that did not. Normalcy will NOT return to ANY market until the bad debt is forced into the open and defaulted. It won't be painless I can assure you, but it will give us a place to begin rebuilding our economic system on a solid base.
Note to NYT: Dick Syron is Not Clairvoyant [View article]
1. Not 2005, as early as 2001 were underwriting standards questionable. When I was offered a mortgage for more than 10 times my income I decided to become a renter instead.
2. Nobody in this mess wants to fess up to their part in it. That is why this will continue to drag on for quite some time.
3. Don't get me started on the GSE's. They should go into receivership and be wound down until they no longer exist.
4. Duh! Anyone with half a brain who has been paying attention should know this fact....
5. I usually like Tanta's analysis.
6. Duh! See #4
7. Please stop posting on Seeking Alpha, I truly do not enjoy your contributions. They are lacking in every respect.
Bush Housing Law: Cheap Compared to the Alternatives [View article]
Fannie & Freddie: Affirmative Action for the Rich and Stupid [View article]