balois

Prime Mortgages Are Also Going Sour

Gabe Borenstein – my favorite!

His clairvoyant prophetic words of wisdom Sep 22 2008 “...As the economy recovers, the financial issues will be resolved...”

But, when necessary, Gabe doesn't shy away from being brutally honest either: Oct 02 2008 “...Article after article on this platform spews economic garbage full of criticism and no logical and constructive ideas...”

And just so that we dummies do not forget his logical and constructive ideas:

Aug 21, 2008
“...both agencies (note: FNM, FRE) appear to be financially sound and their reserves are more than sufficient to cover any realistic exposure. Let's see if there are any more fairy tales left...”

July 20, 2008
“...It is the irrational rumors and the panic disseminated by some market segment and pseudo economists at a well known financial news TV program that have created the debacle...”

July 25, 2008
“...While economic deceleration is unnerving ,we are not in a recession...”

July 28, 2008   
“...All of the question marks about the U.S Financial institutions or system are waste of time...”

June 23, 2008  
“...Over the next 18 months, the Euro will slide to .80$...” (note: hurry up - 12 months down and we are at 1.45$)

June 20, 2008
“...the financial institutions...had written off most of the potentially risky exposure...”

May 07 2008
“...Perceived risks of today are not reality in the period ahead...”.

April 25, 2008
“...The housing market will recover by the third quarter of this year...all derivatives...will stabilize and stage a major rally...All the unrealized losses will turn into mega realized profits..”

April 09, 2008
“...the FED'S actions ,especially the "rescue" of Bear Sterns...had convinced me that the worse is over...”

March 30, 2008
“...all of the bond insurers can finally sit back and relax ...The FED ...is guaranteeing every institutional component of our system...”

Amen