Mortgage rates skyrocket on Friday

Quote from CStar:


I once heard that George W. Bush has an I.Q. of 150. I have to assume that test score is relative and that the test was conducted by Jane Goodall. He over-spent us in this joke of a war and caused someone to coin the phrase: "No Child Left a Dime." I'll be glad to see him go; only it will be eight years too late in my opinion. His tax cuts would have been helpful but no one does tax-cuts when there is a war on unless they are a moron.

Pete
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American voters are the real morons. We had GW and his Republican gang for 4 years and then decided to give them another 4 years. His oil and war buddies are laughing all the way to the bank.
 
.."This is how market shows that fed is useless at this time. Further cuts will not help at all."...

The low fed funds gives gives the banks more MARGIN, so they make more money to replace there losses.

Banks privatise profits and socialise losses. Nice Busines model !
 
Quote from daddyeaux:

the long end is starting to get skittish
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You can think of this chart as banks margins and they are going through the roof.
 
Quote from Bowgett:

You can think of this chart as banks margins and they are going through the roof.
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not this time since they hold all the crap paper they cant get rid of.

sure it would restore the margins if there was a decent bond insurance market to allow the banks to move the stuff..

ABK is supposed to all of a sudden become solvent if it floats 2.5 bill. of dilutive paper

aint happening.
 
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