bigmoney

Fear of Losing Jobs: The Biggest Obstacle to Recovery

>> I will probably rent the $2500 apartment for the next 3 months instead of on a monthly basis

3 months is not a long lease. Where I live, they want to get you into 12 month lease. Either way, maybe we need government bailouts for distressed renters. It's ironic that renters are subjected to much more fiscal discipline than buyers.

CDS: The Sabotaging Asset

>> So, what do we do, bail them out or help folks keep their (overpriced) homes? I say, the latter.

Didn't Ben Bernanke (Helicopter Ben) say something about dropping cash out of helicopters to combat deflation? I'm still waiting for those helicopters. Berlin Airlift style cash-drop's over sprawling suburbs of McMansions with granite countertops and swimming pools would definitely improve the plight of the American people.

Banks: Just a Shadow of Their Former Selves

@Fitz919. I have read about the slice & dice Mortgage backed securities, but one thing I was looking at is ETF : MBB. This is supposedly a mortgage back security ETF that has been trending upward the past year, with a plush yeild of > 4% Perhaps its a beneficiary of government money.

Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea

I'm a renter, living way below my means, but now I wish I had levered up a few mil in real-estate and enjoyed a plush bailout. Heads I win, tails you lose.