Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Off-Topic Post, Non Stock Talk
»
Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012...
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by glassman: [QB] [QUOTE]Originally posted by Lockman: [qb] The government was manipulating the mortgage market. When i went for my first mortgage in 1981 I had to jump thru hoops that would make it very difficult to get a mortgage today. The government thru fanny/freddie created an atmosphere of housing speculation and it finally collapsed. If mortgage's where only given based on sound financial terms housing prices wouldn't be out of control. [/qb][/QUOTE]look,fannie and freddie were only a small part of the collapse. mark to market accounting, or lack thereof was a much larger part of the problem. Enoron was doing it, that's why they changed the rules. the rules were changed last NOV, after 4 years notice. prior to the new rules? co's (commercail banks in particualr) were claiming assets had whatever value they wanted. it made the books look better than they were. that's over now, and that's why there are no more commercial banks... gasoline prices? they didn't help. trying to blame all of the problem on Fannie is simply excuses. NOBODY made anybody lend their investment money. everybody who has money to invest is responsible for how they invest it. as long as people keep trying to lay blame where it doesn't belong? nothing will be fixed. TODAY? in an interview Paulson said that buying the bad mortgages wouldn't have fixed the problem cuz the problem is much broader. he aslo went on to say we are in an economic war. he didn't say who with tho. the Chinese are not running their economy to make a profit, they are running it to create jobs, and they don't have anyhing like a free amrket, what is happening is that each and every individual person in business is having to compete with a whole friggin' nation... so? when you have a "free market economy" where it's every person for his or her self competing against a whole nation? who is going to win? [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2