JoeSixPack

REITs, CDS Spreads and Bear Markets

" Will “cash for clunkers” be the Cinderella story of this recovery and revive Joe Sixpack’s desire to lever and spend ...? "

No.

REITs, CDS Spreads and Bear Markets

Will “cash for clunkers” be the Cinderella story of this recovery and revive Joe Sixpack’s desire to lever and spend or will the stimulus, which is still having a more potential than kinetic effect burn off like starter fluid on a brick?

U.S. Government Paying Homeowners to 'Walk Away'

Not only were they paid by the CDS, but since the govt. held up AIG and other "insurers", they have less or no incentive to try and renegotiate the loan. Had AIG, a total sham, been permitted to fail, the banks would have lost their CDS "protection", and thus had more incentive to work with the homeowner. OUR MONEY IS BEING USED TO SWAY THE BANKS AWAY FROM HELPING US. Thanks, Mr. Obama/Bush, you jerk(s).


On May 18 10:45 AM mr_subprime wrote:

> Phoenix, you forgot something. They were paid when they sold the
> note forward, plus the fees and commissions. They were paid AGAIN
> by the Credit Default Swap insurer when the loan defaulted, and then
> they got paid A THIRD TIME with the TARP money. Conspiracy? You betcha!
> When you structure a trust with 1000 prime loans overlying 3200 subprime
> loans, of which 40% resulted in default, bankruptcy, foreclosed,
> and "RealEstateOwned", all only 2 1/2 years into the life cycle of
> the 30-year MBS structure, THIS WAS NO ACCIDENT!!! This is indeed
> a conspiracy to grab as much of this country's real estate and force
> as many citizens into bankruptcy and submission as they can. It started
> with Clinton (Gramm, Leach, Bliley Act) but the whole of Congress
> is enslaved to the American Bankers Association and the Mortgage
> Bankers Association. If you can make everyone poor and homeless,
> they become dependent on the government for EVERYTHING!! That's the
> plan! Remember it! And you homeowners out there? START FIGHTING BACK!!!