Snuggles's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/194623/comments http://seekingalpha.com/article/84672-putting-1t-subprime-mortgage-losses-in-perspective?source=feed#comment-203384 203384
sociology.ucsc.edu/who...

Granted, these numbers only go up to 2001, and I'm sure the progressive policies of the Bush administration have helped that wealth to "trickle down" to the masses over the intervening years, but you get the picture. How many sub-prime loans do you think were taken out by the rich?

So yes, Perry you are quite correct: Normal folk can all pretty much go directly to the poor house at this point (do not pass go) & it won't materially affect US household wealth. ]]> Fri, 11 Jul 2008 18:47:36 -0400
sociology.ucsc.edu/who...

Granted, these numbers only go up to 2001, and I'm sure the progressive policies of the Bush administration have helped that wealth to "trickle down" to the masses over the intervening years, but you get the picture. How many sub-prime loans do you think were taken out by the rich?

So yes, Perry you are quite correct: Normal folk can all pretty much go directly to the poor house at this point (do not pass go) & it won't materially affect US household wealth. ]]> http://seekingalpha.com/article/84586-the-long-case-for-u-s-equities?source=feed#comment-203352 203352
What about currency effects? Implicit in being over-weight in US equities is a bet that the USD ain't going much lower. There's an argument to be made for being invested in emerging markets as a currency hedge if nothing else... ]]> Fri, 11 Jul 2008 17:37:28 -0400
What about currency effects? Implicit in being over-weight in US equities is a bet that the USD ain't going much lower. There's an argument to be made for being invested in emerging markets as a currency hedge if nothing else... ]]> http://seekingalpha.com/article/84598-piper-defends-gses-after-major-kick-in-fannie-from-mr-market?source=feed#comment-203345 203345 Fri, 11 Jul 2008 17:30:08 -0400 http://seekingalpha.com/article/81882-two-more-homebuilders-go-bust?source=feed#comment-188535 188535 Go figure that this turn of events should materially effect their respective stock prices? Perhaps we should outlaw short selling to protect these "pillars of the economy" from failure? ]]> Thu, 19 Jun 2008 12:07:40 -0400 Go figure that this turn of events should materially effect their respective stock prices? Perhaps we should outlaw short selling to protect these "pillars of the economy" from failure? ]]> http://seekingalpha.com/article/77499-foreclosures-prove-loan-modification-isn-t-working?source=feed#comment-168880 168880
I don't understand why more hasn't been made of this fact. Securitization has made it infinitely more difficult to conduct work-outs with borrowers. I find it highly ironic that a tool that was supposed to mitigate risk is actually going to help accelerate losses. ]]> Fri, 16 May 2008 12:35:00 -0400
I don't understand why more hasn't been made of this fact. Securitization has made it infinitely more difficult to conduct work-outs with borrowers. I find it highly ironic that a tool that was supposed to mitigate risk is actually going to help accelerate losses. ]]>