Subprime crisis= no crisis

Quote from nutmeg:

"I think I will start a new business offering a hedging service to smaller companies...."

Mini.

I think it is an excellent idea. It would be an easy sell with the right approach. I had a delivery service, you could have sold me gasoline futures.

Two problems. One, I didn't know they existed. Secondly, I am busy. But I have money to invest, you better make the approach consistent, be right on target on what hedge would work, It would have taken you five minutes to sell me.

Small businesses know risk and have a unique attitude to loss from risk. Selling me a Mutual Fund is bs, link the investment into the business profile.

Example, I invested in a co I did business with. I did well. Cashed out. Now what? The idiot broker calls me up and suggests SUNW. Needless to say, ta ta to cash. He knew less about SUNW than I did, or he needed my shares to short and was smarter than the average bear. Get my drift?
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Thanks for your support, I saw an article in the Dallas Business Journal, titled contractors get squeezed by rising cost of materials, and thought why not help them.
 
Quote from traderdragon2:

"Look at the "percentage of household in foreclosure" for the entire United States - 1.1%"


Very misleading. Whats california's foreclosure rate now? I think we just hit 15%.
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Your statement is innacurate.

California's current foreclosure rate is 1.2%.

Who is misleading?
 
the larger question is who wrote the OTC derivative hedges to offset some or most of the subprime or alt-a stuff or prime for that matter..................

bank earnings are next week and nobody will care, but they will flip to the 10K notes to see what their derivative exposure is..........

as soon as one of these elephants goes tits up.......is 1987 deja vu
 
Quote from traderdragon2:

Sure, some will refi to what? A higher, but fixed rate. Now they perma-bleed, yaaay. No spending cash = bad for economy. [/B]
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to refi to a fixed rate, they may not qualify since standards are getting tougher....

and they may have to actually tell the truth on the loan application.......imagine that....
 
I was thinking of foreclosures as percentage of homes for sale.

15% of homes for sale in san diego are foreclosures, and climbing.

Imagine 1 out of every 6.5 homes on the market for sale are foreclosed :eek:

Every stat put out there by the media and realtors are as sugar coated as legally allowed :p

How is the 1.2% number calculated? 1.2% of the total home inventory for california? If so, that info is worthless, since the majority of homes are not even for sale.

But if every 6th house I see for sale, is a foreclosure, then im pretty damn worried if im a seller, and happy if im a buyer.



Quote from slapshot:

Your statement is innacurate.

California's current foreclosure rate is 1.2%.

Who is misleading?
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Many wont qualify because they are under water on the house.

Many got the house appraised above value just to get the home in the first place.

Quote from daddyeaux:

to refi to a fixed rate, they may not qualify since standards are getting tougher....

and they may have to actually tell the truth on the loan application.......imagine that....
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I recall several years ago that lenders were loaning 125% of the value of the house so the "lucky" suckers could buy furniture and other crap to fill it with.....

so the borrowers were already 25% in the hole........the day they signed......

interesting that the Democrats hearing the death screams from Wall Street Bond Shops want the FHA to step in and do some bailouts......under the cover of helping the "little guy out"

the United Socialist States of America

the USSA
 
Quote from daddyeaux:

I recall several years ago that lenders were loaning 125% of the value of the house so the "lucky" suckers could buy furniture and other crap to fill it with.....

so the borrowers were already 25% in the hole........the day they signed......

interesting that the Democrats hearing the death screams from Wall Street Bond Shops want the FHA to step in and do some bailouts......under the cover of helping the "little guy out"

the United Socialist States of America

the USSA
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Wall Street theirs your problem right their. Has to be the biggest whore house on earth.
 
Wall Steets game is how many average folks can we sucker, who is the media run by? what group runs wall street? or is wall street just a bunch of average joes trying to make a living.
 
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