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Still Renting » Comments » FNM

  • The Economics and Ethics of Mortgage Default [View article]
    As you can see by my pseudonym, this does not please me.
    Nov 19 17:10 pm |Rating: 0 0 |Link to Comment
  • CBRE: All That Real Estate Money Out There Waiting... [View article]
    The real estate money went nowhere. It never existed.
    Beyond the money loaned that was never "printed", what about the guy that bought a home for $50k and never moved, watched it go to $600k and it has now dropped to $400k. No money ever entered or left the market beyond his original $50k. Likewise with stocks or any other commodity that never traded hands turing a runup and turndown.
    Nov 10 10:54 am |Rating: 0 0 |Link to Comment
  • Paulson and Friends, Translated [View article]
    Blondino,

    I think Mish really has built the beginnings of what could be used as a case against them. It would take a lot of work and a VERY educated judge and jury, but it could happen.
    Sep 09 13:12 pm |Rating: 0 0 |Link to Comment
  • Paulson and Friends, Translated [View article]
    You did what I call a "Rush Limbaugh". And you did it well!

    No, I am not being sarcastic. One of the things I love about him and what you just did was the saving, and later showing, the words of politicians (etc.) and demonstrating, in front of God and everybody, that their words were pure, unadulterated lies.

    Now that we know them for what they are, shame on us if we believe anything they say.
    Sep 09 13:11 pm |Rating: 0 0 |Link to Comment
  • Fannie, Freddie Bailout To Wipe Out Equity Holders? [View article]
    Holy cow! All these manipulation efforts are scarily reminiscent of the attempts that were made to prop up the markets, with only temporary and ultimately irrelevant results, back in 1929.
    Aug 18 13:06 pm |Rating: 0 0 |Link to Comment
  • The Silly "Taxpayer Funded" Bailout Talk [View article]
    "At some point, the debt holders will balk and then there will be hell to pay."

    I've been saying that since I graduated from high school (1972).

    I think "some point" is ariving pretty much as we type this. The good news is the "point" is more than a day or even a year. It certainly was a "slow collapse" that lead to the great depression.
    Jul 18 14:12 pm |Rating: 0 0 |Link to Comment
  • Freddie Mac CEO: Home Price Drops Only 1/3 Done [View article]
    Yeah, renters moving out of rental and into homes. That is why I went FROM homeowner to renter. I pay $1,600 a month on a $525k home. The amount of money I save (and invest) every month from the house payment on such a home is staggering by most peoples standards.

    Plus, as a renter, no worries!
    Mar 14 10:02 am |Rating: 0 0 |Link to Comment
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