Bailout, insignificant?

D

Daal

I thought it was supposed to be 2million homeowners who need to be bailed out. risky assets are going up everywhere, heck Im long some risky assets but a big mispricing might be occuring, this bailout might be just a illusion
 
"The officials said Mr. Bush would call for the Federal Housing Administration to change its federal mortgage insurance program in a way that would let an additional 80,000 homeowners with spotty credit records sign up, beyond the 160,000 likely to use it this year and next."

Here: http://www.nytimes.com/2007/08/31/business/31home.html?hp

There are a lot more than 80000 homedebtors in trouble. It isn't a fix.
 
Its around 80,000 homeowners....not only that but remember its not going to do much to the housing markets. ARMS are resetting everyday, nearly $2 Trillion worth. Housing bottom is not in.
 
where's the bailout for the savers who's savings were turned into toilet paper to create greenspan's second bubble?

where's the bailout for renters who were afraid to buy into a bubble?

risky reckless behavior ->rewarded

sound wise behavior -> severely punished
 
Quote from jamjob_ramjet:where's the bailout for renters who were afraid to buy into a bubble?
More...

That's happening now. They can now go out an pick up property at lower prices. The mortgage terms may not be as favorable, but that's a good thing.
 
Quote from S2007S:ARMS are resetting everyday, nearly $2 Trillion worth. Housing bottom is not in. [/B]
More...

You might be right about the bottom not being in, though that could depend on in what way you mean that. Prices? Sales? Construction?

As for the ARMs, the resets are happening, but are the rates that much higher. The advantage of what's been going on the last few months is that interest rates have been pushed down, keeping mortgage under wraps.
 
You must log in or register to reply here.
Back
Top