Guero's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/275148/comments http://seekingalpha.com/article/121092-how-much-lower-will-equities-go?source=feed#comment-393638 393638 Wed, 18 Feb 2009 12:21:06 -0500 http://seekingalpha.com/article/121100-pink-slips-being-readied-in-california?source=feed#comment-393633 393633 Wed, 18 Feb 2009 12:18:32 -0500 http://seekingalpha.com/article/121113-according-to-the-market-obama-is-off-to-a-very-bad-start?source=feed#comment-393623 393623 Wed, 18 Feb 2009 12:13:03 -0500 http://seekingalpha.com/article/119297-pulte-government-is-the-only-lending-game-in-town?source=feed#comment-382714 382714
What's your solution? Let everything grind to a freakin' halt? Real smooth solution there, the economy is in the crapper thanks to 8 years of failed econ policy....but at least we stuck to our free market guns! Just make sure your powder's dry & plenty of bottled water/canned goods. Sheesh.


On Feb 09 05:46 PM Socialism cannot compete! wrote:

> [quote]
> Yeah, so much for "evil socialists." The gubbmint's the only lender
> in town right now.
> [end quote]
>
> Um, that's kinda the point -- *smart* lenders don't wanna lend to
> certain (unprofitable) companies right now. Why should tax dollars
> be used in those cases -- that means the government is losing money
> on the deal. If there was money to be made, private dollars would
> be going into those businesses. We MUST let capitalism work!!]]> Tue, 10 Feb 2009 14:40:19 -0500
What's your solution? Let everything grind to a freakin' halt? Real smooth solution there, the economy is in the crapper thanks to 8 years of failed econ policy....but at least we stuck to our free market guns! Just make sure your powder's dry & plenty of bottled water/canned goods. Sheesh.


On Feb 09 05:46 PM Socialism cannot compete! wrote:

> [quote]
> Yeah, so much for "evil socialists." The gubbmint's the only lender
> in town right now.
> [end quote]
>
> Um, that's kinda the point -- *smart* lenders don't wanna lend to
> certain (unprofitable) companies right now. Why should tax dollars
> be used in those cases -- that means the government is losing money
> on the deal. If there was money to be made, private dollars would
> be going into those businesses. We MUST let capitalism work!!]]> http://seekingalpha.com/article/119236-commercial-real-estate-bubble-is-set-to-burst?source=feed#comment-381012 381012
I have an epilogue, though. Many of these empty commercial spaces are helpfully contiguous within their respective strip malls, which facilitates conversion to new scores of new mega-churches, to minister to the busted masses who have found Jesus.]]> Mon, 09 Feb 2009 11:01:31 -0500
I have an epilogue, though. Many of these empty commercial spaces are helpfully contiguous within their respective strip malls, which facilitates conversion to new scores of new mega-churches, to minister to the busted masses who have found Jesus.]]> http://seekingalpha.com/article/119297-pulte-government-is-the-only-lending-game-in-town?source=feed#comment-380974 380974
The other point that might interest anyone following homebuilders: Pulte is very proud of the fact they are able to steer 92% of their buyers through their in-house mortgage operation. The other builders try like hell to reach 92% retention. Mortgage is an important profit center for the large production builders. And Pulte wholly owns their mortgage company, similar to Centex.

There are others (ex:KBH) that have joint ventures set up with outside firms. In KBH's case it is Countrywide. That means a loss of control & a loss of profits, and possibly getting a bit bloodied if your JV partner is being chewed up in the press.]]> Mon, 09 Feb 2009 10:38:46 -0500
The other point that might interest anyone following homebuilders: Pulte is very proud of the fact they are able to steer 92% of their buyers through their in-house mortgage operation. The other builders try like hell to reach 92% retention. Mortgage is an important profit center for the large production builders. And Pulte wholly owns their mortgage company, similar to Centex.

There are others (ex:KBH) that have joint ventures set up with outside firms. In KBH's case it is Countrywide. That means a loss of control & a loss of profits, and possibly getting a bit bloodied if your JV partner is being chewed up in the press.]]> http://seekingalpha.com/article/118007-housing-price-decline-you-ain-t-seen-nothing-yet?source=feed#comment-378856 378856
Yeah, that's why were told that caps on compensation won't work because anyone will take the fat bonus babies & their rich, fabulous book of clients. So the gravy train will keep on rolling, right Reggie?]]> Fri, 06 Feb 2009 16:52:54 -0500
Yeah, that's why were told that caps on compensation won't work because anyone will take the fat bonus babies & their rich, fabulous book of clients. So the gravy train will keep on rolling, right Reggie?]]> http://seekingalpha.com/article/118103-u-s-debt-default-dollar-collapse-altogether-likely?source=feed#comment-378843 378843
I have a gun & I'm not afraid to use it!]]> Fri, 06 Feb 2009 16:40:32 -0500
I have a gun & I'm not afraid to use it!]]> http://seekingalpha.com/article/118782-centex-do-we-have-an-uptrend-yet?source=feed#comment-378167 378167 Fri, 06 Feb 2009 09:44:29 -0500 http://seekingalpha.com/article/118688-5k-vouchers-for-car-purchases-utter-nonsense?source=feed#comment-376947 376947 Thu, 05 Feb 2009 11:01:21 -0500 http://seekingalpha.com/article/118348-the-housing-bubble-isn-t-funny-anymore?source=feed#comment-375460 375460 Wed, 04 Feb 2009 10:33:11 -0500 http://seekingalpha.com/article/117945-the-truth-behind-new-home-sales?source=feed#comment-374760 374760 Tue, 03 Feb 2009 15:42:03 -0500 http://seekingalpha.com/article/117729-myspace-ceo-jabs-back-at-yahoo-s-bartz?source=feed#comment-371540 371540 Fri, 30 Jan 2009 17:15:02 -0500 http://seekingalpha.com/article/117325-save-the-wall-st-bonuses-for-real-talent?source=feed#comment-371194 371194 Fri, 30 Jan 2009 12:25:32 -0500 http://seekingalpha.com/article/117378-geoeye-10-thoughts-on-what-s-going-on?source=feed#comment-370297 370297
And yes, that inauguration photo was amazing. The image quality is all its cracked up to be.]]> Thu, 29 Jan 2009 15:36:21 -0500
And yes, that inauguration photo was amazing. The image quality is all its cracked up to be.]]> http://seekingalpha.com/article/117418-now-it-s-the-credit-unions-turn-to-be-in-trouble?source=feed#comment-370279 370279 Thu, 29 Jan 2009 15:23:36 -0500 http://seekingalpha.com/article/117403-shoring-up-the-online-ad-biz?source=feed#comment-370202 370202 Thu, 29 Jan 2009 14:37:34 -0500 http://seekingalpha.com/article/117122-jim-dandy-to-the-economy-s-rescue?source=feed#comment-369860 369860 Thu, 29 Jan 2009 10:43:28 -0500 http://seekingalpha.com/article/117122-jim-dandy-to-the-economy-s-rescue?source=feed#comment-369856 369856 Thu, 29 Jan 2009 10:40:52 -0500 http://seekingalpha.com/article/116992-the-upside-down-logic-of-obama-s-stimulus-and-merrill-s-depression-call?source=feed#comment-369835 369835
And nowdays I view any reports belched out by bank-employed analysts with an enormous grain of salt. Could this Merrill analysis be self-serving in any way?]]> Thu, 29 Jan 2009 10:31:43 -0500
And nowdays I view any reports belched out by bank-employed analysts with an enormous grain of salt. Could this Merrill analysis be self-serving in any way?]]> http://seekingalpha.com/article/117215-a-sign-that-housing-is-approaching-bottom?source=feed#comment-369823 369823
Oh, and JOBS!]]> Thu, 29 Jan 2009 10:20:33 -0500
Oh, and JOBS!]]> http://seekingalpha.com/article/117064-why-are-foreclosure-rates-much-higher-in-california-arizona-nevada-and-florida?source=feed#comment-369811 369811
The crazy year-over-year rise in "values" had no basis in fact in these places and as a result these are the hardest hit locales. Unfortunately, their little game of hide-the-sausage Home Edition is getting everyone bloody, regardless of location.]]> Thu, 29 Jan 2009 10:13:52 -0500
The crazy year-over-year rise in "values" had no basis in fact in these places and as a result these are the hardest hit locales. Unfortunately, their little game of hide-the-sausage Home Edition is getting everyone bloody, regardless of location.]]> http://seekingalpha.com/article/117269-cramdowns-and-refinancings-won-t-need-appraisals?source=feed#comment-369789 369789 Thu, 29 Jan 2009 09:55:10 -0500 http://seekingalpha.com/article/117149-aol-axes-700-employees?source=feed#comment-369197 369197 Wed, 28 Jan 2009 17:58:04 -0500 http://seekingalpha.com/article/116948-aig-s-at-it-again-with-ludicrous-450m-retention-pay-scheme?source=feed#comment-369173 369173
Let 'em walk!]]> Wed, 28 Jan 2009 17:40:23 -0500
Let 'em walk!]]> http://seekingalpha.com/article/117103-online-search-share-for-november-and-december-2008?source=feed#comment-369152 369152

On Jan 28 04:02 PM jackdee wrote:

> And googles share of search across the globe is????????
> ]]> Wed, 28 Jan 2009 17:22:58 -0500

On Jan 28 04:02 PM jackdee wrote:

> And googles share of search across the globe is????????
> ]]> http://seekingalpha.com/article/117073-hello-cloud-storage-goodbye-consumer-hard-disk-drives?source=feed#comment-369137 369137 Wed, 28 Jan 2009 17:11:18 -0500 http://seekingalpha.com/article/117124-the-end-of-behavioral-finance?source=feed#comment-369128 369128 Wed, 28 Jan 2009 17:02:56 -0500 http://seekingalpha.com/article/116926-fannie-and-freddie-supply-curves-slope-up-demand-curves-slope-down?source=feed#comment-368767 368767
On the other hand, if a borrower had no verifiable income or assets and a marginal credit score, there were "investors" all over the place that would take that action. New Century, Lehman Bros to name a couple. And with secondary financing and rolling in closing costs most times the borrower didn't need to pay a dime out of pocket. Countrywide would lend with basically just your signature, an appraisal and 5% down if your credit score was 720.

My point? Fannie & Freddie, despite their status as fave right-wing punching bags, were far from the worst of the lot. The Wall Street investment hotshots that were at the forefront of financial alchemy were by far the biggest perps in this meltdown.]]> Wed, 28 Jan 2009 12:39:35 -0500
On the other hand, if a borrower had no verifiable income or assets and a marginal credit score, there were "investors" all over the place that would take that action. New Century, Lehman Bros to name a couple. And with secondary financing and rolling in closing costs most times the borrower didn't need to pay a dime out of pocket. Countrywide would lend with basically just your signature, an appraisal and 5% down if your credit score was 720.

My point? Fannie & Freddie, despite their status as fave right-wing punching bags, were far from the worst of the lot. The Wall Street investment hotshots that were at the forefront of financial alchemy were by far the biggest perps in this meltdown.]]> http://seekingalpha.com/article/116933-yahoo-s-bartz-indicates-plans-for-search?source=feed#comment-368621 368621 Wed, 28 Jan 2009 11:07:15 -0500