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    • Fri Aug 1st 09:57 AM | Rating: 0 0
      Commented on:
      California Signaling A Housing Bottom? [Housing Tracker]
      It is all about supply and demand. There is no demand. Inventories are stagnant. People don't have the credit or down payment to expand this market. And they are afraid that prices will go lower and that they cannot sell when they need to. Zandi is one of those cheerleaders that comes across as bearish, but he is always pumping. Come on, Zandi, we know your game.
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    • Fri Aug 1st 09:54 AM | Rating: 0 0
      Commented on:
      Housing Situation Getting Worse, Regardless of Actual Data - Bloomberg
      The article is a joke. People got rebates after they got tax money back. That would explain a temporary blip in the ratio.
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    • Tue Jul 29th 11:11 AM | Rating: 0 0
      Commented on:
      Merrill Cleanses Itself... We Think
      And how can you say the worst is over when NAB is the model. They wrote down super senior commercial paper taking a 50% loss and AAA residential CDO's taking a 100% loss. The devil is the details!
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    • Tue Jul 29th 11:07 AM | Rating: 0 0
      Commented on:
      Crocodile Investors Smile at Bank of America
      My concern about financials is that NAB wrote down super senior commercial paper by 50% and took a total loss on residential AAA CDO's. So, with BAC having 781 billion in level 2 assets that don't trade and a lot of level 3, are you saying that we are out of the woods and should start buying BAC? I guess I am just not smart enough to take that chance.
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    • Sun Jul 27th 13:37 PM | Rating: 0 0
      Commented on:
      SEC's Compliance Alert: We Told You So
      Even my MBA son, who does not believe there will be a depression, was stunned when I told him about NAB.
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    • Sun Jul 27th 11:24 AM | Rating: 0 0
      Commented on:
      A Bottom May Be Forming in Home Sales
      Sorry, I meant 30 year mortgage. Maybe we will go back to the 5 year mortgage and a balloon payment like before Fannie and Freddie.
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    • Sun Jul 27th 11:22 AM | Rating: 0 0
      Commented on:
      A Bottom May Be Forming in Home Sales
      Well after the National Australia Bank has written down AAA rated CDO's to TEN CENTS on the dollar I wonder who would ever want to invest in a mortgage bond ever again. Don't tell me this crisis is over. It is just starting. It is even possible that the 20 year mortgage could go away. Then what will your housing bottom look like.
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    • Sun Jul 27th 11:15 AM | Rating: 0 0
      Commented on:
      Debt Ceiling Upped to $10.615tn, Just in Case
      That ceiling is not high enough based upon the National Australia Bank's writedowns of AAA rated CDO's to the value of TEN CENTS ON THE DOLLAR.

      And there is not enough capital in the world to bail out fannie and freddie and the weak sisters like Wachovia and the investment banks based on even 30 cents on the dollar. And even that bastion of liquidity, JP Morgan has trillions of this stuff, and they are hiding the true value.
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    • Sun Jul 27th 11:12 AM | Rating: 0 0
      Commented on:
      SEC's Compliance Alert: We Told You So
      Well this all will come out in the wash when the mainstream press decides to quit burying the NAB story. You know, the one about the National Australia Bank writing down their AAA rated CDO's to 10 CENTS on the dollar. There is not enough capital in the world to bail out every American bank and investment bank and fannie and freddie based on 10 cents to the dollar.
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    • Sat Jul 26th 18:37 PM | Rating: 0 0
      Commented on:
      U.S. Dollar Shaking Off Risk Aversion
      CLH with the National Bank of Australia writing down AAA rated CDO's to TEN CENTS ON THE DOLLAR, the dollar is toast long term. We could face a depression, although I hope we do not. Then you will have your strong dollar. Whoopie.
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    • Sat Jul 26th 18:33 PM | Rating: 0 0
      Commented on:
      Dag NAB It! How NAB's Writedown of U.S. Portfolio Could Hurt Financials
      We never should have bailed out Freddie and Fannie. What if their junk goes to 10 cents? What if we have to bail out every bank in the world and our dollar goes to 10 cents? Then what? And Chris Dodd was bought off by Bush/Greenspan when they financed the Iraq Oil War with Liar loans. So it is hard for one frauder to call fraud fraud. Easier for a frauder to call it "poor lending practice".
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    • Sun Mar 30th 00:15 AM | Rating: 0 0
      Commented on:
      Upside to Falling Prices: Housing Affordabilty Index Reaches 4-Year High
      All this assumes no or little down payment. Entry level buyers do not have a chance. Or maybe you are looking at the savings rate of the Japanese by mistake. And by the way, the Japanese had 16 years of declining house prices with savings. What do you think could happen here?
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    • Fri Mar 21st 02:20 AM | Rating: 0 0
      Commented on:
      Housing: US vs. Japan
      I believe our country has done some bad things, like voiding the oil contracts that existed prior to the Iraq War in essence "stealing" oil from Iraq. And like allowing 9/11 to occur with the obvious explosives that existed in WTC7, the one not hit by planes, and with the squibbs showing that came out of the other towers. These all were advocated previously by PNAC (see Wikipedia). To make a long story short PNAC wanted an "event" to get America to invade the middle east. Rove and Cheney were members. PNAC wanted control of oil and petrodollars and the fed bought into it. The fed then had to figure out how to finance this war. Liar loans were the result. Easy money was for the stealing of oil, as a means to pay for that theft.
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