Actually Patch, I simply said that I believed Government policy dictated the changes to the mortgage markets, you said I was only putting my own spin on it, then I posted some stuff to back up what I believed by others that also believe this....if thats sitting "pretty high" then I guess I am...
Tony
SHOW ME THE THE MONEY
Moderators: Pike Ridge Beagles, Aaron Bartlett
Re: SHOW ME THE THE MONEY
The 1st amendment allows the usual liberal narcissistic "I think.." which is how they start all their sentences.
The second amendment protects us from implementing "I think"
The second amendment protects us from implementing "I think"
Re: SHOW ME THE THE MONEY
"The degree & total percent of risk I have to believe was left to the banks discretion."
That my spin and I'm stick'n to it...
Ya' have a nice day...
That my spin and I'm stick'n to it...
Ya' have a nice day...
Re: SHOW ME THE THE MONEY
We learned the word propaganda in grade 7. I laughed at the time thinking no one would fall for such stuff. It works!
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Pine Mt Beagles
- Posts: 7803
- Joined: Wed May 11, 2005 6:01 pm
- Location: Pineville Ky
Re: SHOW ME THE THE MONEY
WHO EVER'S FAULT IT IS, IS NOT TO IMPORTANT RIGHT NOW I READ WHERE OUR GOVERNMENT IS BORROWING THE MONEY FROM CHINA,WHAT WILLL HAPPEN IF THEY FORECLOSE AND DOES THE CHINEESE GOVERNMENT OWN OUR HOME LOANS ,401K'S ETC.
PINE MT BEAGLES
PINE MT BEAGLES
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
Re: SHOW ME THE THE MONEY
Why would they foreclose? they will make bundles off their investment when we come out of this. China is very smart, their looking ahead and hedging their own expansion off the safest bet in the world. When a shake up like this occurs Co's get rid of risk and bad debt and become solvent again, real cost/value is restored. Those with poor business practices (unbalanced debt/equity averaging) are wiped out, or otherwise saved by buyout or merger. "As long as the payments are made, the banker doesn't come knocking".
I remember when a poor 21 year old went to the bank with his new wife and ask for a home loan. The bank said, "you not only have to make this payment, but you also have to live on whats left. After a process of plugging in numbers and deducting cost vrs. income, a loan amount was arrived at that was both safe and profitable for the bank, while giving me a start at owning a home. It wasn't as much as we had hoped for and the home had to be built in two stages over time. The basic dwelling was built first, with future expansion plans implemented for ease of add-on later when equity was built in the home by appreciation/debt pay down and hopefully, increase in income. I was brought up under the thought, debt is the weight that bends the back, I never liked owing anyone, I never paid for what I could do myself. We built my mother and father a new home back in 69'-70', it took 18 months to finish but when it was done, it was paid for, no mortgage! Hows that for "old world thinking"...
The sharks are still feeding off the speculation and fear, catching the swings and pulling out their quick profit. When the dust all settles and the blood dries up, the slow recovery will begin. It must come slow and with substance, quick leaps will be snatched up by the sharks and pulled back by profit taking. The system is full of people who make a living by speculating and jumping on anything that turns a quick profit, I think there will be many false starts to grab what money is being held back (don't stick you head out the hole to far little rabbit, the fox is waiting).
My future plans on investing are heavily weighted on gathering fire wood and gardening. A soul must live to fight another day...
Disclaimer; this is all just my spin on things, actual events and happenings may vary and I take no part in blaming the Government for my poor actions and decision making that may lead to famine or fortune on my behalf ... Thus, it also stands to reason that if indeed the Gov. did force banks to take on unreasonable risk resulting in failure, They should bail the financial institutions out as part of their responsibility, as we all lived a bit of the "life of Raleigh", at least for a little while...
I remember when a poor 21 year old went to the bank with his new wife and ask for a home loan. The bank said, "you not only have to make this payment, but you also have to live on whats left. After a process of plugging in numbers and deducting cost vrs. income, a loan amount was arrived at that was both safe and profitable for the bank, while giving me a start at owning a home. It wasn't as much as we had hoped for and the home had to be built in two stages over time. The basic dwelling was built first, with future expansion plans implemented for ease of add-on later when equity was built in the home by appreciation/debt pay down and hopefully, increase in income. I was brought up under the thought, debt is the weight that bends the back, I never liked owing anyone, I never paid for what I could do myself. We built my mother and father a new home back in 69'-70', it took 18 months to finish but when it was done, it was paid for, no mortgage! Hows that for "old world thinking"...
The sharks are still feeding off the speculation and fear, catching the swings and pulling out their quick profit. When the dust all settles and the blood dries up, the slow recovery will begin. It must come slow and with substance, quick leaps will be snatched up by the sharks and pulled back by profit taking. The system is full of people who make a living by speculating and jumping on anything that turns a quick profit, I think there will be many false starts to grab what money is being held back (don't stick you head out the hole to far little rabbit, the fox is waiting).
My future plans on investing are heavily weighted on gathering fire wood and gardening. A soul must live to fight another day...
Disclaimer; this is all just my spin on things, actual events and happenings may vary and I take no part in blaming the Government for my poor actions and decision making that may lead to famine or fortune on my behalf ... Thus, it also stands to reason that if indeed the Gov. did force banks to take on unreasonable risk resulting in failure, They should bail the financial institutions out as part of their responsibility, as we all lived a bit of the "life of Raleigh", at least for a little while...
Re: SHOW ME THE THE MONEY
My future plans on investing are heavily weighted on gathering fire wood and gardening. A soul must live to fight another day...
Disclaimer; this is all just my spin on things, actual events and happenings may vary and I take no part in blaming the Government for my poor actions and decision making that may lead to famine or fortune on my behalf....
Not just your Spin S.R I Will totally Agree with you
Thus, it also stands to reason that if indeed the Gov. did force banks to take on unreasonable risk resulting in failure, They should bail the financial institutions out as part of their responsibility, as we all lived a bit of the "life of Raleigh", at least for a little while...
Just remember patch ya Also Gotta keep your collar up and yer powder Dry!!!!
Some will make it through this unscathed... some will get rich (temporarily)..... and Some Will hopefully pass the lesson on....
From Field to Show and Show to Field the way it should be