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some good info in this thread. lots of bluster & BS too. just rated 5 stars solely for traden4alpha's response. His is the thoughful and likely pragmatic solution, although I personally think a sudden and violent deleveraging might be better for the economy (not to mention more satisfying for...

The more I think about it, the more plausible it seems. The biggest piece is that I was thinking in terms of reducing loan principle to 1/2 (which takes over 20 years) and attaining 50% equity, which with sizeable down payments and appreciation can be achieved much more quickly, as you correctly...

the article says they are out $54b, and now have $185b in value.

hmmm... this seems like a very high percentage. This would mean that housing values could drop by 50% and the mortgageholder could break even upon a default. Doesn't it take over 20 years of paying a 30 year mortgage to cut the principle in half? Assuming a prevalence of 30y fixed mortgages...

I guess this is the FOIA case that Bloomberg filed : Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595 I've read the complaint and the response, but is this going anywhere? Can they really just give shitloads of money to parties they never disclose???? What would...

a competing theory is that dollar denominated debts are becoming harder to roll over, so foreigners are having to buy dollars to settle them.

is the source credible?

did you have good cashflow though? If you just have really complicated taxes and didn't really make any money what good is that?

so are you saying there need to be a "Department of Verifying Insurable Interest?" who decides whether your interest is insurable or not? Maybe some buereocrat (sp)? Just make the sellers keep collateral. Much easier. I bet if they actually had to have reserves they'd become a lot more...

I didn't even read the whole thing. The second parargraph already warned that the rest was going to be stupid. Don't ban CDS's. Make the sellers maintain reserves for whatever they sell. model it after the regular insurance industry. The assholes at AIG (et. al.) were selling the hell out...

you're all racists... lol

ban

Unfortunately this guy's explanation breaks it down to such a basic level that it ignores the time lag between deficit spending and taxation to repay (or maybe doesn't even address it, now that I think about it). What he said would be very true if the govt couldn't run deficits (which most...

As a matter of fact it's an exceedingly beautiful country. I have nothing against the country. It would satisfy my Schadenfreuede though to have Chavez' sharade collapse on him given all his anti-american rhetoric. All this "Glorious Bolivarian Revolution" bullshit falls apart completely in the...

I would LOVE for Chavez and Iran to go bust. That would be so beautiful...

Anyone have a list of senators who voted for releasing the second $350B? They should NEVER EVER be allowed to serve public office again. (although the stupid electorate will likely vote them in again)

bear plunger doesn't get irony.

"seemingly," not "mostly." I've learned the hard way that what seems at the time, sometimes doesn't in retrospect. :) (definitely no offense intended). In our disdain for NObama we are brothers. BTW, I am long cash and (physical) gold too. Am starting to look at snapping up some more...

Been following your posts for a while now (thanks for posting seemingly cogent stuff). Given that you've probably alredy opened your positions, where are YOU putting your $$$? Also I noticed that you didn't mention oil, real estate/timberland/etc. above. No futurte there (in your opinion)?

taxpayers ARE furious, but seemingly helpless to prevent those rotten sons of bitches in DC to stop it.