satguru

Foreclosure Moratoriums: It's Time to Get Real

What you are saying then it's ok to bailout the banks, the investment bankers, the insurance giants with the taxpayeer money. It's also ok to provide farm subsidies. It is also ok to provide tax writeoffs and lower tax rates for the rich. It's also ok to spend trillions to fight wars wih phatom enemies through lies and deceit. BUT NOT OK TO HELP NEEDY AMERICANS. The mess we are in was not caused by the sub-prime borrowers. It was caused by the derivatives !!!! Who created these? Joe the plumber? We have a worldwide depression and you blame it on the U.S, sub-prime borrower? Tell me honestly, how much is the total sub-prime mortgage market in dollars and cents is the total and what percentage of it is in foreclosure? You will get the answer in the stupidity of your blame!!!


On Feb 15 01:50 PM Tricky wrote:

> > I don't fully understand the reasoning behind the objections here.

Stimulus Plan Includes Tax Breaks: Stocks That Will Benefit

What change??? The beat goes on??? I voted for Ron Paul. All of you deserve what you get. You get who you vote for.
The more things change, the more things remain the same.

The Illicit Relationship Between Goldman Sachs and Paulson

And what does knowing the truth do for us? Nothing! nada! The crooked beat goes on. Now Paulson will get the rest of the 350 billion and guess what? He is going to get it to divy up among his co-conspirators. For the 17 billion for the auto industry he is going to get $350 billion. Done deal!

The Financial Crisis Explained

I am really at a loss to understand how much money in dollars and cents was given out on sub-prime to the poor and blacks as stated in this article as the primary cause of this debacle. Why is this cancer worldwide? Did the sub-prime caused by FNM and FRE also make the whole world financial markets collapse? Are the poor and blacks tied in any way to investment banks such as Merrill and Goldman and Morgan Stanley? What kinda of BS excuse are you folks using for the creed and corruption of the rich. The poor and blacks and minorities are always used as scapegoats. What about the enormous billions spend now on the corporate bailouts and who gets the massive golden parachutes for creating this mess. It's people like you Mr Anton Wahlman that make me sick. Tell me what is the dollar amount of funds that went for sub-prime mortgages to the poor and blacks and what has been to total dollar amount given out so far used to bailout wall street globally to date??? You a**holes make me sick!!!
I live in an affluent neighborhood and five of the homes went on foreclosure and guess what none of them are owned by poor and blacks. These are rich white folks who used there homes as ATMs buying fancy SUVs and boats and spending lavishly on everything. This is where the big cost of mortgage financing went to the fat cats. SO CUT YOUR BS!!!!

Freddie, Fannie: Debt-Ridden, But Their Bonds Are Worth Holding

I got rid of my Fannie bonds last week. I don't have any faith in the government's word. When I bought the bond initially I was told by my broker GSE meant Government Supported Entity. Now the tune is simply Government Sponsored Entity which is completely different. DO you really trust Ben and Hank? I certainly don't?
I also carry some Municipal Tax frees at over 4.5% guaranteed by Ambac - that stock has been soaring lately but the bond only fetches 88 cents on the dollar. Go figure? Can you trust anyone in the financial marketplace?

Fannie, Freddie: Beyond the Balance Sheets

Well I guess you could be right. The only person I know of that has GOD telling him what to do is G W BUSH JR. He actually talks to GOD or rather GOD talks to him. I am now going to buy some FNM preferred just having sold all my FNM bonds. Thanks and GOD bless you. I will be rich - Ha! Ha! laughing all the way to the bank.
Good luck to all the losers.

Will a 7% Mortgage Threat Doom Fannie and Freddie?

I don't understand what the big fuss is. The GSEs are government supported entities. A lot of the carnage that has happened has been caused by the government. They just mandated that mortgages be insured up to $417,000 by FNM and FRE. They have to take responsibilty for their actions. IF we can spend over $500 billion on a useless war why can't the government support its commitment in its own soil. People have invested in these two entities because of the inherent support, the given word by the U.S. government. Now they want to support the banks, the brokerages, the investment banks like Bear & Stearns who were not made any promises to? Congress just set up $300 billion for the homeowner bailout - why? No promises were ever made to them! What will happen for the FNM-FRE bond holders in all the fixed income securities tied to IRAs and 401Ks? Paulson, Bernanki and this entire administration need to be fired! What a buch of crooks - this all a setup to shift all the wealth to the rich.