Paula Rush's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/72390/comments http://seekingalpha.com/article/127089-wells-fargo-john-stumpf-s-letter-to-shareholders-is-a-must-read?source=feed#comment-440899 440899 Thu, 26 Mar 2009 10:23:16 -0400 http://seekingalpha.com/article/89975-reuters-who-s-buying-distressed-debt-and-why?source=feed#comment-225998 225998 (maybe BULLSHIT) it has everything to do with simple math. At pennies on the dolllar they see a profit no matter what they buy. ]]> Fri, 08 Aug 2008 10:36:28 -0400 (maybe BULLSHIT) it has everything to do with simple math. At pennies on the dolllar they see a profit no matter what they buy. ]]> http://seekingalpha.com/article/89976-blackstone-now-bullish-on-subprime?source=feed#comment-225989 225989 (maybe BULLSHIT) it has everything to do with simple math. At pennies on the dolllar they see a profit no matter what they buy. ]]> Fri, 08 Aug 2008 10:30:21 -0400 (maybe BULLSHIT) it has everything to do with simple math. At pennies on the dolllar they see a profit no matter what they buy. ]]> http://seekingalpha.com/article/88688-dinallo-comes-down-on-monoline-bears?source=feed#comment-221439 221439 The fact that TB represents BankStocks.com says it all. No one is telling the truth in the industry or our government about whether or not banks and insurers are insolvant, with the "spin" that the rumors would take the companies down. So let's not speak the truth and warn the good honest people, let's protect all the criminals who caused this to happen right to the bitter end. Do you think any of them will be left with uninsured deposits or holding worthess stocks? I quess not. For that matter they won't even be holding US dollars. They just need more time before the truth comes out to move all thier wealth elsewhere. This writer should stick with facts and not his fantasy land worthless observations. ]]> Sun, 03 Aug 2008 10:13:32 -0400 The fact that TB represents BankStocks.com says it all. No one is telling the truth in the industry or our government about whether or not banks and insurers are insolvant, with the "spin" that the rumors would take the companies down. So let's not speak the truth and warn the good honest people, let's protect all the criminals who caused this to happen right to the bitter end. Do you think any of them will be left with uninsured deposits or holding worthess stocks? I quess not. For that matter they won't even be holding US dollars. They just need more time before the truth comes out to move all thier wealth elsewhere. This writer should stick with facts and not his fantasy land worthless observations. ]]> http://seekingalpha.com/article/74227-how-housing-finance-actually-works?source=feed#comment-158559 158559 Also, the mortgage insurance, all these junk loans are counting on to bail the investors out, is about to implode as insurers and credit default swap partners are fighting back. In the case of American Home Mortgage, TRIAD is in the middle of a battle not to pay claims, and Bank of American refused to pay out on a credit default swap on AHM Broadhollow and Melville LLC loans. You can read all about it in the legal filings on EPIQ. Have you looked at the Mortgage insurers stocks. TRIAD, RADIAN, PMI, MGIC, lately? Can they weather the avalanche of claims coming? YSo the 25% to 30% insurances which lenders locked in to insulate the portfolio, may be disappearing, the home values are certainly plummeting, and the loan balances are rising. A recipe for disasters yet to come. When will all this implode? Well vintage 2007 is some of the worst loans ever, and pay option arms take three years to recast in some cases, and payments will then quadruple on homes not worth what is owed on them. What do you think will happen then? The worst is over. I don't think so! Don't let the industry fool you. ]]> Tue, 29 Apr 2008 09:56:37 -0400 Also, the mortgage insurance, all these junk loans are counting on to bail the investors out, is about to implode as insurers and credit default swap partners are fighting back. In the case of American Home Mortgage, TRIAD is in the middle of a battle not to pay claims, and Bank of American refused to pay out on a credit default swap on AHM Broadhollow and Melville LLC loans. You can read all about it in the legal filings on EPIQ. Have you looked at the Mortgage insurers stocks. TRIAD, RADIAN, PMI, MGIC, lately? Can they weather the avalanche of claims coming? YSo the 25% to 30% insurances which lenders locked in to insulate the portfolio, may be disappearing, the home values are certainly plummeting, and the loan balances are rising. A recipe for disasters yet to come. When will all this implode? Well vintage 2007 is some of the worst loans ever, and pay option arms take three years to recast in some cases, and payments will then quadruple on homes not worth what is owed on them. What do you think will happen then? The worst is over. I don't think so! Don't let the industry fool you. ]]> http://seekingalpha.com/article/72370-mortgage-lenders-can-t-escape-morgenson-s-wrath?source=feed#comment-152146 152146 Thu, 17 Apr 2008 09:39:35 -0400 http://seekingalpha.com/article/45227-why-the-fed-can-t-bail-us-out?source=feed#comment-146056 146056 Sun, 06 Apr 2008 16:21:34 -0400 http://seekingalpha.com/article/45227-why-the-fed-can-t-bail-us-out?source=feed#comment-146055 146055 Sun, 06 Apr 2008 16:20:17 -0400 http://seekingalpha.com/article/71268-backroom-bear-stearns-deal-exposed?source=feed#comment-145972 145972 Sun, 06 Apr 2008 12:44:22 -0400 http://seekingalpha.com/article/67716-freefall-fed-policies?source=feed#comment-124216 124216 O) states if you buy an interest in a consumer loan, you are liable for all remedies which could be asserted against the original holder. That I was successful on. Now if anyone can just find force them to tell who owns the loan, we can all enforce our rights! Who has more of an interest in buying the loan for 30 cents on the dollar then the homeowner! As long as our government allows this sort of illogical and self-serving behaviors to continue, there is no hope for the consumer. ]]> Sun, 09 Mar 2008 11:56:13 -0400 O) states if you buy an interest in a consumer loan, you are liable for all remedies which could be asserted against the original holder. That I was successful on. Now if anyone can just find force them to tell who owns the loan, we can all enforce our rights! Who has more of an interest in buying the loan for 30 cents on the dollar then the homeowner! As long as our government allows this sort of illogical and self-serving behaviors to continue, there is no hope for the consumer. ]]> http://seekingalpha.com/article/67389-bernanke-s-plan-could-work?source=feed#comment-122858 122858 Thu, 06 Mar 2008 08:30:43 -0500 http://seekingalpha.com/article/32128-subprime-revelation-early-payment-default-ers-just-don-t-care?source=feed#comment-84284 84284 Sat, 14 Apr 2007 18:49:26 -0400