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Jim Myrtle

Jim Myrtle
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  • How Quantitative Easing and Permanent Zero Are Toxic to Bank Net Interest Margins [View article]
    "Meanwhile, the follks who put us in this mess feel zero consequences for their actions, live to fight another day, and its all done via a process which not one in 100 Americans can understand!"

    It's true, Barney Frank felt no consequences.
    Nov 5 02:17 PM | 2 Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Also Neil, the subprime aspect of this was less than 1/2 of the loans that went bad, as the banks used the same easy money toxic loans with their alt a and prime borrowers"

    Prime borrowers had toxic loans?
    Maybe you should define your terms?
    What is a toxic loan?
    Nov 5 02:09 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Without private MBS securitization made effective by the repeal of Glass Steagall and by the BIS premeditated plan"

    What's this BIS plan you keep whining about?
    Another conspiracy? Any proof?
    Aren't the biggest losses coming from Fannie and Freddie?
    Didn't they exist before Glass-Steagall was repealed?
    Nov 5 02:01 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Shadow banking were those banks, that were not federally insured banks and thrifts, that made bad mortgages and passed them onto the securitization syndicate"

    What is wrong with a bank that is not federally insured?

    "The major shadow banks were GE capital, Indymac and Countrywide to name a few"

    I thought Indymac was a bank.

    "They were not beholden to ACORN regulations but were out to make a buck off the repeal of Glass Steagall"

    OMG! They were out to make a buck?
    Kill the greedy kulaks, eh comrade?
    Nov 5 01:59 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "That is irrelevant"

    Irrelevant? Banks doing what the government told them is irrelevant?

    "When people go to closing and the loans were toxic, I know that the warnings about what could go wrong regarding toxic mortgages were never put on the table"

    You know?
    Is this another one of those no proof feelings you keep posting?
    Nov 5 01:56 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    You never answered Gar, have you ever seen the pages of disclosures government requires lenders to provide before you can get a mortgage?
    How much more protection do you want, Gar?
    You need Barney Frank to hold your hand?
    Nov 5 12:29 AM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Smarty. Shadow banking was set in motion in 1998 at Basel 2"

    Am I supposed to know your definition of shadow banking?

    "but they needed the repeal of Glass Steagall in 1999 to impliment it"

    They? You mean the families you can't prove own the Fed?
    Does this mean you won't cut and paste your "proof"?
    Nov 5 12:18 AM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    Was Countrywide making bad loans before the repeal of Glass Steagall?

    Is that a yes?

    "I already proved that the BIS set up shadow banking: seekingalpha.com/insta...

    I missed the part of your article that was the proof.
    Could you copy and paste the part that proves your claim on this thread, so I know exactly what you mean? Thanks.
    Nov 4 06:09 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "Some Republicans want it and wanted it in the past"

    I haven't heard of any who wanted it recently.
    It's a bad idea.
    Nov 4 06:04 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    Don't tell Gary, he thinks Glass Steagall (and government in general) has magic powers.
    Nov 4 10:33 AM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Reintroduce Glass Steagall"

    Would that have prevented Fannie and Freddie from losing billions?
    Would that have prevented Country Wide from making bad loans?
    Would that have prevented Goldman or Lehman or Bear Stearns from buying mortgages and securitizing them?
    Would that have prevented any bank from making bad loans?
    Nov 4 10:24 AM | Likes Like |Link to Comment
  • Fed's QEII Anti-Climactic [View article]
    "I think the anti-incumbancy force was strong"

    How many conservative incumbents lost? How many liberal incumbents lost?

    "The opposite of wrong is not necessarily right"

    The opposite of the left is right.
    Nov 4 09:32 AM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "What more damage can he do?"

    Cap and Trade. FOCA. There are hundreds of damaging things he'd like to do.

    " I will say that if we do nothing and rely only on the Fed to stimulate lending, it won't work"

    I agree.

    "And some Republicans want a VAT tax"

    I can't think of any who want that. It'd be a stupid idea.
    Nov 4 09:30 AM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "You want failure?"

    When I look at the damage Obama wants to do to the country, damn right I want his efforts to fail.

    "That is sick"

    Why?

    "Are you shorting Obama in some swap?"

    If I could I would.
    Nov 3 06:45 PM | Likes Like |Link to Comment
  • Fed's QEII Anti-Climactic [View article]
    "On a good note, Ron Paul has just be selected as the Chair to the Subcommittee on Monetary Policy. Look for Bernanke to get called out very frequently"

    Great, more long, stupid questions from Ron Paul.
    Nov 3 06:16 PM | 3 Likes Like |Link to Comment
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