Guero

Why It Matters That a Saudi Prince Was Burned by Citigroup

Why do you think the GOP had it's ass handed back to them in the last 2 election cycles? Have you not been paying attention the past 8 years?

"Liberals" only controlled congress since 2006.....the fiscal irresponsibility started way before 2006, when the *conservatives* controlled every branch of government. As a matter of fact, when *conservatives* don't act at all conservative in fiscal matters, what can you then call them?

And if you don't think that our escalating national debt has anything to with the erosion in confidence of U.S. Treasury securities abroad, then you need help.


On Jan 22 12:55 PM citishark wrote:

> 'course....the liberal control of congress (pun intended!) has nothing
> to do with this or the enaction of the laws that regulate these institutions.
> (HINT: problems you mentioned did NOT started in the last conservative
> administration that you seems to abhor..)
>
> ...If this is the best somebody ranked "top 100" can bring to this
> forum, I must be in the wrong place!

Why It Matters That a Saudi Prince Was Burned by Citigroup

Either we scale back on our two gold-plated, contractor-fattening wars, or we will go bankrupt. Forget Social Security, Medicare problems years down the road, we are going belly-up NOW. This is the legacy a *conservative* administration has left us.

Conference Call Highlights: Bank Investors Should Worry about Private Homebuilders

Creative destruction happening before our very eyes. Here in TX a large part of the economy revolves around new housing construction, and it will be interesting, if not horrifying, to watch what gets pulled down with the homebuilders. Sub-contractors, builders supply, window & door manufacturers, cabinet manufacturers, flooring retailers, mortgage shops, title companies.....the list can go long.

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

Uh, first of all, according to John Lounsbury's very well-sourced article

seekingalpha.com/artic...

there will be more like 8.1 million foreclosures for the years 2009-2012.

But let's go ahead & use your non-sourced, highly suspect figure of 5 million for "the entire cycle" (whatever that means). You really think 5% of all of the existing housing stock in the US is not a high foreclosure rate?

I am suspect of government intervention in this crisis as well, although if I see a well-thought out plan with governement involvement I would not necessarily oppose it.

But let's not stick our heads in the sand & pretend that this is not an enormous problem that just might choke the elephant if it plays out through the "normal" foreclosure/resale process.

Wall Street Breakfast: Must-Know News

Hopefully we can get the economy back on track in time for Dec 21, 2012....