Jay Jay

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    • Mon Nov 26th 22:01 PM
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      Fannie Mae's Decline Is Disheartening
      Not everyone was in love with the GSEs. Many saw them asw an unholy alliance between business and government. A way to privatize profit and social the risk. Many foresaw the risks that we now appear to be witnessing come true.
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    • Thu Nov 22nd 14:25 PM
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      OFHEO's Part in the Housing Crisis
      How much are the GSE's paying you for this piece? What makes you think they're better at pricing risk than the entire market? Its their intervention in markets that are largely to blame for the situation we're in now, why would more of the same poisen become a cure? Its only when the malinvestments of this era of credit excess have been liquidated that we can get back on track to a healthy state based on fundamentals. Holding onto bad loans only prolongs the death. The market isn't illiquid, the price just went down and nobody wants to admit they're insolvent. The GSEs have done what anyone with free risk insurance does, they loaded up on risk and now the stuff has hit the fan.
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    • Sun Nov 11th 11:46 AM
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      Sorry Folks, the Housing ATM is Closed
      Would like to see more follow up with the bubble denyers. Really hold them to the fire.
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    • Sun Nov 11th 11:26 AM
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      Fannie Mae's Housing Forecast Seems Too Optimistic
      test
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    • Sun Nov 11th 11:25 AM
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      Commented on:
      Fannie Mae's Housing Forecast Seems Too Optimistic
      Intersting
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    • Fri Aug 24th 17:19 PM
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      Moody's Ridiculously Late On Homebuilders' Credit Review
      Don't the rating agencies say themselves that they shouldn't be used to make investment decisions? Why do we even report on them in the news?
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    • Fri Aug 24th 17:16 PM
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      How Low Will Housing Go?
      I'm not sure its so bad for the consumers. If he put no money down, is it really his house to lose? He's lost nothing except some credit for some period of time. Higher down payments mean lower prices and lower loan balances, so no problem there either. Credit does add value for most people.
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    • Thu Aug 23rd 01:04 AM
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      Subprime Mess, Credit Excess - This Ain’t My American Dream!
      Maybe if common people weren't compelled by tax legislation to invest in things via 401k and pension they don't understand, there wouldn't have been a market for this garbage in the first place?
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    • Thu Aug 23rd 00:59 AM
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      Chris Dodd: Fed Gets It, Treasury Doesn't
      Someone needs to explan to this Dodd character that these homes don't belong to the people living in them until they're payed for. At best these folks bought an option to buy these homes, why should they be permitted to keep them to the exclusion of others if they can't service the debt.
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    • Thu Aug 23rd 00:34 AM
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      Affordability Over Sustainability - A Cause of the Mortgage Crisis
      How is this a market without regulation when the largest players tout goverment sponsered insurance to lure investors closer to the edge.
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    • Sun Aug 12th 12:00 PM
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      Accredited Home Lenders: Buyout Gets Scrapped
      Lone Star obviously does want to go through with the transaction. Sure you can sometimes force some to do something through the courts, but it will be years all this sorts itself out.
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    • Fri Aug 10th 00:42 AM
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      Alan Greenspan on Credit: Fedipus Rex
      If you make the conditions right, you'll turn the everyman into a greedy speculator. Thats was uncle Al and his easy credit did. He did was every good servant did, he served his master and got the Jr re-elected where he failed the Sr.
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    • Sat Jul 21st 00:00 AM
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      Why is the Fed So Indecisive About Inflation?
      They say the one of the goals of the Fed is price stability and that everybody should want that. I call BS on this on. I want price reality. As productivity grows, I expect prices to be falling. As something becomes scarcer, I expect the price to rise. And whats so bad about having a constant money supply, as the number of goods increases, and the amount of money in existence stays the same, the prices of those goods as measured in nominal monetatry units would slowly fall.

      The other thing I don't get is that BB keeps talking about managing inflationary "expectations&quo... What's all this about managing people's perception. What about managing inflation for real? Its like they are inflating like crazy, but are really careful that people don't catch on.

      Also, eliminating food and energy because they're "volatile" is pure BS. So the cost of living is going up in a volatil matter, thats the truth. They're eliminated because they're going up, and that would trigger larger goverment inflation indexed payments. So the things I need to live like food, energy are goin up, and big screen TVs are getting cheaper. So if I could only eat my big screen and power my car with it then everything would be okay.
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    • Fri Jul 20th 23:37 PM
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      Brief Foreclosure History & Mortgage Delinquency Maps
      Well put vicvw. We let the market sset prices for most things, but why not the short term price of money (interest rates). Prices are signals to markets, and when signals are manipulated, waste and loss results. These losses end up going into the pockets of middlemen (brokers) instead of useful economic activities. In my own case, instead of learning more about systems engineering to make more more productive in the labor market, I'm learning about economics so I don't get buried by the market. Thanks AG, you'll go down in history.
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    • Mon Apr 23rd 23:45 PM
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      Subprime Borrowers Causing Upside Surprise: What's Happening Here?
      Hey Douglas Banker, First this article was about sub-prime, not non-prime with includes alt-a. Second, I call BS on your average income and time on job stats, these are the lies that got these losers the loans in the first place. Third, the sky IS falling, and if you were one of these people that helped himself selling these loans, get some liability insurance.
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