texasgolfer

GSEs Into Conservatorship: Can Housing Stabilize Now?

Everyone assumes bankers know what they are doing, if they did how did we get here. as mentioned above, a while back the "sub prime mess" was contained, later the GSEs are well capitalized and can do their job. Next came "more banks will fail" but if FDIC needs money we can carry them too. LEH will sell ???? to raise capital, all is well but did they sell???
We have a new president and administration coming in a few months, will all the financial balance sheets be clean by then or does anyone know what is on the balance sheets. NAR says getting better, but they have been saying that for 2 years. Builder earnings down, but I think I see something at the end of the tunnel. Autos and airlines next for bailout.
It seems we only gave a breather to the MBS/CDO/etc foreign debt holders provided the government will do a better job of running Freddy/Fannie or maybe call the FSBOs.

A Closer Look at the Treasury's GSE Preferred Stock Purchase Plan

are xlf 09/10 calls options good for this announcement since it seems to be created to stabilize the housing mtg market and improve capital liquidity?

Financial Crisis: Getting Old

I reviewed a lot of published stuff for the past 12 months and see that once we were "contained", then the 2nd half of '08 would see the beginning recovery, now we "uncertain" and "maybe" half done. Bankers are not smart enough to know where they are and most intelligent ones are in other industries. No transparency then no buy. Statements on CNBC saying "it really hard to analyze Big banks" are useless as are their accountants. Everyone is just ponying up to the chow line, poor ignorant homeowners, banks, broker/dealers and next the autos followed by the airlines. We don't need to worry if Nobama wants socialism, we seem to already have it.

How Should The Federal Government Help Homeowners? [Housing Tracker]

nothing wrong with beginning financial education earlier, but most teachers are not qualified to teach because they do not know. The world is only payment driven and that will not change because business promotes it.

Banking Sector: Band-Aids Just Won't Do It

there is always someone willing to pay to buy something that may not have the value specified. the government supports home ownership in every form to allow creation of a tax base for states and local governments and as r e problems arise and foreclosures increase than tax revenue declines and the need for more taxpayers becomes apparent. just look at the bail out bill closely and see how government benefits, if banks take the write downs...a big if. lets not forget about other debt: builder construction loans, home equity loans, purchase money home improvement loans, credit cards(see amex), automobile loans/leases (see chrysler), student loans, etc.
If banks can convince everyone that only the foreclosures are bad and everything else is ok, then everyone will be willing to accept the market declines are not as bad as thought and maybe I should buy. The new paper will replace the bad paper, securitize it and sell it and business as usual. Oh yes, since tax revenue has declined we (Fed/States) will need to raise taxes to replace the lost tax income
but probably only temporarily (right). please name one government program that is not a ponzi scheme.

Historic Financial Collapse Underway?

can someone please explain to me how accumulating gold with declining dollars and current inflation is going to solve my future. Perhaps Porter can provide a chart of the rise in the price of gold in real dollars that have been adjusted for dollar value declines and inflation. I have a few golf things and when I take them to the store to pay for goods, no one takes it. I tried to sell it on EBay but people wanted to pay me in dollars which according to Porter is a losing proposition. I took out all my gold crowns and replaced them with ceramic, but had to pay inflated prices in dollars. I took all my dollars and tried to sell them on EBay for non dollars, but had no bids. I think I will join Porter and just leave the USA so I can be safe. Oh, he did not say that. Seems like he wants his son to grow up in America.

Selling the Short Sellers Short: Another Sign of Trouble

naked shorting is simple fraud, since you don't own what you sell. I can sell something I don't own, why should anyone be allowed to. The old joke about selling someone the Brooklyn Bridge remains germane.

Responsible Regulation of the Housing Market?

Dennis Prager today said to a guest that no one talks about the ozone hole anymore which was a prior disaster for the world caused by man. Why? Legislation was passed outlawing CFCs so the problem was solved and there is no need to continue discussion regardless of the ozone hole condition. Politicians are only as good as their staffers who do the work and if you have had opportunity to meet many staffers, you understand how weak their knowledge actually is. If their is not money for them attached to any idea theyh have no interest.

Freddie Mac Mumbo Jumbo: Have Any Lessons Been Absorbed?

No meaningful financial information, no meaningful earnings, no meaningful growth, no meaningful management and no reason to buy. For those wanting to return to the dot com days, here is a good buy candidate. texasgolfer