n e u f n e u f: perfect venue for it

18 October 2009

perfect venue for it

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3 comments:

Anonymous10/18/09, 6:26 PM
You remember "sub-prime" , this is "PRIME"

now if our officials can only learn what exponents are.
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Anonymous10/18/09, 6:39 PM
The other thing here nobody want's to discuss.

Home prices MUST drop in value. They're over priced. I cite your own article as evidence.

"The recession ended her exporting business and reduced his commissions as a bank loan officer, they said. They owe $713,000 on a home worth about $365,000."

Actually this is a de-facto example of both "PRIME" mortgage failure (people who could actually afford their home losing their job because of the rest of the economy failing) and overvalued real estate prices.

The "sub-prime" was dishwashers on $10 / hr getting loans on $500k+ homes . Such loans should never been written in the first place. a.) the dishwasher deserves to lose it all.
b.) the bank must be punished for allowing a fraud loan. (ps: not paid twice, a. getting property title b. getting tax payer bailout.)

I think both party's should go to jail. Additionally the bank should be forced to cram down, fold, and sold for mark to market.

The "PRIME" problem however I have sympathy for the home owners, soon to be home losers, because their income has ended. What's spooky is PRIME makes SUB-PRIME look like a piker. We ain't got to COMMERCIAL REAL ESTATE LOANS yet either... Everything is overbuilt.

Prices MUST come down.

All future loans need to have 30% down! Fuck the $10 hr shit.
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Anonymous10/18/09, 6:47 PM
http://market-ticker.org/archives/1514-Tying-It-Together-Massive,-Pernicious-Fraud.html

http://www.scribd.com/doc/20916919/Foreclosure-Fraud-Guide-to-Looking-up-Public-Records-for-Fraud

http://market-ticker.denninger.net/archives/979-Here-It-Comes-Prime-Delinquencies.html

http://market-ticker.denninger.net/archives/2009/09/22.html

Yeah yeah Yeah I use Karl a LOT. You probably thought I was kidding when I said you have to read every day.
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18 October 2009

perfect venue for it

3 comments:

maybe this will search

or roam around in my weekly archive

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