The Bush Housing Bailout

[donnap]

What kind of plan is there to reward those who have been frugle and responsible?

You know - the kind that don't get cable or expensive cars and such; so that they can meet their monthly bills - and save for a rainy day.

You know - like our parents and/or grandparents used to do. Remember?

 

[a529612]

Fat tail for the homie shorts?

 

[ASusilovic]

Quote from nitro:

IMO ES at 1500 tomorrow.

nitro

Agree. Most bullish sign and especially after Bernanke speaking of "NEW PRODUCTS" in the mortgage sector "helping" borrowers. It´s finally a political issue...Not fun to see hundred of thousands of people running into delinquency / foreclosure...but maybe GOP anxied to lose too much voters to the DEMOCRATS...

 

[kashirin]

Quote from ASusilovic:

Agree. Most bullish sign and especially after Bernanke speaking of "NEW PRODUCTS" in the mortgage sector "helping" borrowers. It´s finally a political issue...Not fun to see hundred of thousands of people running into delinquency / foreclosure...but maybe GOP anxied to lose too much voters to the DEMOCRATS...

it will be even more funny to see real estate market dead as they want to froze prices. Bubble must be deflated. No buyers until prices 30% off at least

 

[saxon22]

market gonna eat it up. I say up 300 points then a minor sell off and off we go to perhaps 500. Silly minutes that were not really allthat bearish or surprising mad the markets shed 275 in one afternoon, imagine this bomb hitting the wire in the morning.

 

[balda]

Did anybody noticed that market moves in opposite direction right after the long weekend?

 

[hbiawos]

Colossal, gut-wrenching, hellacious short squeeze on deck in the financials and housing stocks in particular. Even if there's no real substance to any of this, the psychological effect will be enormous. Anyone short any sector will be in for some real pain today if things pan out the way they appear to be panning out right now. Then Bernanke on top of it. Possible play: short the upside gap as the MMs are certain to do, wait for the speeches, go long again.

 

[zdreg]

Quote from a529612:

Fat tail for the homie shorts?

what is the meaning of this sentence?

 

[myminitrading]

Quote from wilburbear:

I'm long LEND, and I still don't like it.

I know people who have prudently saved and rented, waiting for a softening in prices, and others who have imprudently mortgaged themselves to the hilt. What do you say to those who have been waiting for housing to become more affordable?

THEIR IS NO SUCH THING AS A FREE MARKET!

 

[heidegger]

Quote from myminitrading:

THEIR IS NO SUCH THING AS A FREE MARKET!

But sometimes there's a free ride.