Post-Crisis: Texas Housing Laws Could Help All Banks [View article]
Some very good comments to an interesting article -- interesting to me anyway, as a Texan homeowner.
Texas was way behind most of the country for even allowing Home Equity Loans in the first place. I don't know all the details, but generally know they put several controls in place. I might be wrong, but I think you may not even be allowed to do revolving credit on home equity, all have to be installment loans?
Gotta hand it to TX, they had more of an eye on protecting the borrower than most.
I am incredulous that someone would question whether authors should post negative news. Part of being an investor or trader is knowing what not to get into, what to get out of, what to short. What are you recommending as the alternative -- to hide news that could bite the investor later?
Unbelievable. I've seen some stupid comments on SA before, but those really have to be the worst.
If there is valid criticism about the motives or methology of an article, by all means, that's fair game to call them out. But to say "bad news should not be stated" is... unreal.
Representatives of Big Three's white collar retirees will meet with Obama's auto task force later this week and make the case for preserving their retirement benefits amid restructuring. [View news story]
whatever you do, don't make ME fund the shortfalls
It really is all Greenspan's fault, Susan Lee writes. "This attempt to exculpate himself is not convincing. The Fed failed to confront something that was evident. It can't be blamed on global events." [View news story]
While I'd agree about most journalists/pundits, The Economist was warning of the asset bubbles for quite a while before it burst.
Lawmakers introduce a bill to bring insurers under federal supervision. Much of the industry supports the bill, but similar measures have failed in the past as states argue such a move would lead to higher rates and weak consumer protection. [View news story]
I too tend to be a cynic. However, I don't know of a single industry that, understandably, wouldn't prefer the concept of a single regulator with one set of rules to 50 regulators with fifty sets of rules.
On Apr 03 09:44 AM coloneldebugger wrote:
> If the insurers support the bill, the bill is useless.
Obama issues a veiled warning to the exporters of Europe and Asia: "If there is going to be new growth it can't just be the United States as the engine. Everybody is going to have to pick up the pace." Befittingly, the U.S. Trade Representative yesterday issued a 530-page megillah that "reads like an indictment of half the world." [View news story]
I don't suppose the American delegation denounced our own protectionist measures?
The U.S. government and the Fed have spent, lent or committed $12.8T to rescue and stimulus attempts, so far. That's 14x the $900-odd billion in circulation; almost equal to the entire 2008 U.S. GDP; and works out to $42,105 for every man, woman and child in America. [View news story]
... that's been spent YET. There's plenty more to come from many different directions including (but not limited to) more down the Fannie/Freddie/AIG ratholes, bailing Goldman out of any other bets that go against it, taking a bath on toxics so PimRock can buy themselves islands, and probably bail out a few states along the way. The party has just started.
On Mar 31 06:34 PM Machiavelli999 wrote:
> OK, but let's keep in mind that only a fraction of that amount has > actually been spent. Or is keeping things in context not important > for Seeking Alpha?
Gold Set for Huge Rally [View article]
Post-Crisis: Texas Housing Laws Could Help All Banks [View article]
Texas was way behind most of the country for even allowing Home Equity Loans in the first place. I don't know all the details, but generally know they put several controls in place. I might be wrong, but I think you may not even be allowed to do revolving credit on home equity, all have to be installment loans?
Gotta hand it to TX, they had more of an eye on protecting the borrower than most.
Buyer Beware: 30 Biggest Bankruptcy Risks [View article]
Unbelievable. I've seen some stupid comments on SA before, but those really have to be the worst.
If there is valid criticism about the motives or methology of an article, by all means, that's fair game to call them out. But to say "bad news should not be stated" is... unreal.
Representatives of Big Three's white collar retirees will meet with Obama's auto task force later this week and make the case for preserving their retirement benefits amid restructuring. [View news story]
That's not a grandma you're honking at - it's an eco-motorist. [View news story]
Chart of the day, pirate edition. [View news story]
Observations on the Total U.S. Debt [View article]
Observations on the Total U.S. Debt [View article]
Is the Next Shoe About to Drop? [View article]
On Apr 08 05:33 PM Cetin Hakimoglu wrote:
> Job loss just isn't that big of a deal.
It really is all Greenspan's fault, Susan Lee writes. "This attempt to exculpate himself is not convincing. The Fed failed to confront something that was evident. It can't be blamed on global events." [View news story]
Not surprisingly, CEO pay declined in 2008 - a modest 3.4% to a median of... $7.65M. Top five earners: Sanjay Jha (MOT) $104M. Ray Irani (OXY) $49,9M. Robert Iger (DIS) $49.7M. Vikram Pandit (C) $38.2M. Lousi Camilleri (PM) $36.4M. [View news story]
Lawmakers introduce a bill to bring insurers under federal supervision. Much of the industry supports the bill, but similar measures have failed in the past as states argue such a move would lead to higher rates and weak consumer protection. [View news story]
On Apr 03 09:44 AM coloneldebugger wrote:
> If the insurers support the bill, the bill is useless.
Easing of Mark-to-Market Rules: Good for Banks, Bad for Investors [View article]
Client -- "what is 2+2?"
CPA -- "what would you like it to be?"
Obama issues a veiled warning to the exporters of Europe and Asia: "If there is going to be new growth it can't just be the United States as the engine. Everybody is going to have to pick up the pace." Befittingly, the U.S. Trade Representative yesterday issued a 530-page megillah that "reads like an indictment of half the world." [View news story]
The U.S. government and the Fed have spent, lent or committed $12.8T to rescue and stimulus attempts, so far. That's 14x the $900-odd billion in circulation; almost equal to the entire 2008 U.S. GDP; and works out to $42,105 for every man, woman and child in America. [View news story]
On Mar 31 06:34 PM Machiavelli999 wrote:
> OK, but let's keep in mind that only a fraction of that amount has
> actually been spent. Or is keeping things in context not important
> for Seeking Alpha?