madasiwannabe

Feddie Pay: The Reality of the Bailout World

It was on Greenspans watch that all the bad decisions were made. You mentioned increased ratios, but no one is talking about the Fed lowering capital requirements for the banks and OFEHO lowering capital requirements and increasing portfolio limits for the GSE's. All of this just to make sure there was enough liquidity in the market to keep the housing boom rolling.

Greenspan should go to jail, not just for his role in setting up our current crisis while at the Fed, but his role in toppling the market while on the payroll of the two guys that made the most from it, Bill Gross and Bill Ackman.

Tuesday, September 2: Week in Review

Analysts are trying to make sense out of a shark frenzied, irrational market. There are no patterns, only speculators trying to catch a peak or trough to make a quick buck. In this market what happened yesterday has little to do with today.

Time will prove that China made a bad move dumping out of the GSE's at the bottom. With commodities crashing and fund managers pulling out, the financials are the most attractive deal in town. Expect another Mid July financial correction to happen shortly.