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RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:17:55 PM   
farglebargle


Posts: 10715
Joined: 6/15/2005
From: Albany, NY
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quote:

ORIGINAL: Kirata


quote:

ORIGINAL: farglebargle

It wasn't financing the loans to PEOPLE. It was taking those loans, bundling them into different levels of quality and then securitizing those newly created entities.

If the banks just held the loans WITHOUT trying to exploit them, then there wouldn't have been anything to implode.

The operative phrase there is, "different levels of quality."

If there hadn't been so many questionable loans, there wouldn't have been anything to implode.

K.


Consider the mortgages like this.

There's helium all around us in the air. But it's so diffuse that there's no problems breathing.

BUT when you concentrate that helium and it's all you're breathing, you die.

Securitization IS Concentration.

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(in reply to Kirata)
Profile   Post #: 21
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:30:52 PM   
Kirata


Posts: 15477
Joined: 2/11/2006
From: USA
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quote:

ORIGINAL: mnottertail

Except that real estate implosions were not unique to the United States. So, the cause and effect has not been demonstrated necessarily, and sufficiently.

Except that bad loans are bad loans. So if the implosion of real estate values hadn't happened when it did, the problem would have grown even bigger.

Knowing that the loans they made were about to be bundled, sliced up, and sold off made lenders more likely to relax their underwriting standards, according to a report released Tuesday by the Joint Forum, a consortium of government financial regulators from the U.S., Europe and Asia.

Banks and financial companies that originated loans like home mortgages, credit cards and personal loans were considerably more exacting when originating loans they knew they'd hold onto. Private securitization of home and commercial mortgages -- the bundling and packaging of loans, which are then sliced into securities for sale to investors -- grew tenfold from 2000 to 2005, reaching a peak of over $1.5 trillion in 2006, the report notes.

The regulators' findings come from a report on special purpose entities, which are legal vehicles set up to finance assets and liabilities. They are heavily used for securitization deals, like those involving mortgage-backed securities. With investors gobbling these up during the boom, and securitization feeding lenders' hunger for ever-growing profits, loans were increasingly made for the purpose of eventual sale and securitization -- making the immediate risk of a bad loan nearly zero.

And so a flood of loans -- made without proper underwriting -- were sold into the marketplace, resulting in the subprime crisis, the global credit crunch and the recession.

Reference

K.

(in reply to mnottertail)
Profile   Post #: 22
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:36:15 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: Lucylastic

quote:

ORIGINAL: isoLadyOwner

I prefer my country's warmongering be conducted by Republicans. The hypocrisy of the DNC is too repellant. I'll go pure GOP until Obama is out of office and his cronies are powerless then anti incumbent until real leaders emerge that aren't beholden to their Saudi Masters.



I wasnt aware that Obama had anything to do with flying out saudis the day of 9/11


How could he have anything to do with something that didnt happen.


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(in reply to Lucylastic)
Profile   Post #: 23
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:38:35 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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quote:

ORIGINAL: cuckoldmepls

Don't forget the Arabs ran up the gas prices at the same time, obviously intended to keep our economy from recovering so Obama (their Muslim brother) would have a better chance of winning the election.

It worked too. Did you know that a large percentage of Obama's contributions were in odd amounts? Which would indicate that his donors were using foreign credit cards. They may have been American citizens, but they were financing his campaign with foreign money.


My God you're insane.

(in reply to cuckoldmepls)
Profile   Post #: 24
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:41:33 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: Kirata


quote:

ORIGINAL: farglebargle

It wasn't financing the loans to PEOPLE. It was taking those loans, bundling them into different levels of quality and then securitizing those newly created entities.

If the banks just held the loans WITHOUT trying to exploit them, then there wouldn't have been anything to implode.

The operative phrase there is, "different levels of quality."

If there hadn't been so many questionable loans, there wouldn't have been anything to implode.

K.

I suppose so, but it was certainly not a transparent transaction, and should not have been permitted.

(in reply to Kirata)
Profile   Post #: 25
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 1:44:20 PM   
Lucylastic


Posts: 40310
Status: offline 		truth seems to have little to do with things these days,
I was just joining in the bullshit,
cant you take a joke? oh thats right... you cant
are you denying that 160 members of the saudi families were flown out between the 14th and 24th?

ps notice the muslim crap being thrown about except there is no accepting that the bushes have had ties with them for decades...

< Message edited by Lucylastic -- 6/11/2011 1:47:27 PM >

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(in reply to willbeurdaddy)
Profile   Post #: 26
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:01:02 PM   
Kirata


Posts: 15477
Joined: 2/11/2006
From: USA
Status: offline
quote:

ORIGINAL: Musicmystery

I suppose so, but it was certainly not a transparent transaction, and should not have been permitted.

Indeed. Far from it. The report I referenced in my reply to Ron found that, "senior managers were unaware of the full extent of their firm's overall linkage to and obligations toward complex business instruments their firms created, until the market disruptions," and "investors in U.S. residential mortgage-backed securities seemed primarily unaware of issues surrounding credit quality and asset performance."

K.

(in reply to Musicmystery)
Profile   Post #: 27
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:13:30 PM   
SilverMark


Posts: 3457
Joined: 5/9/2007
Status: offline
quote:

ORIGINAL: cuckoldmepls

Don't forget the Arabs ran up the gas prices at the same time, obviously intended to keep our economy from recovering so Obama (their Muslim brother) would have a better chance of winning the election.

It worked too. Did you know that a large percentage of Obama's contributions were in odd amounts? Which would indicate that his donors were using foreign credit cards. They may have been American citizens, but they were financing his campaign with foreign money.


So, tell me. where your dropped on your head as a child? Perhaps, you had an incident with a dry cleaning bag, a lack of oxygen? Almost drown once?...Seriously, you have a major malfunction or do you just sit around and make stuff up?

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(in reply to cuckoldmepls)
Profile   Post #: 28
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:23:54 PM   
MasterSlaveLA


Posts: 3991
Status: offline
quote:

ORIGINAL: willbeurdaddy

Strange that his approval ratings are back at his pre-bin Laden lows.



Here are the current numbers:
http://www.realclearpolitics.com/epolls/other/president_obama_job_approval-1044.html

A "surge" in desperation by his dwindling supporters, it would seem.


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(in reply to willbeurdaddy)
Profile   Post #: 29
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:45:51 PM   
Lucylastic


Posts: 40310
Status: offline 		dream on

_____________________________

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<) )╯SUCH
/ \

\(•_•)
( (> A NASTY
/ \

(•_•)
<) )> WOMAN
/ \

Duchess Of Dissent
Dont Hate Love

(in reply to MasterSlaveLA)
Profile   Post #: 30
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:48:50 PM   
MasterSlaveLA


Posts: 3991
Status: offline 		 LOL... show the supposed "surge"... go ahead.



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It's only kinky the first time!!!

(in reply to Lucylastic)
Profile   Post #: 31
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 2:57:35 PM   
MasterSlaveLA


Posts: 3991
Status: offline 		Oh yeah... his approval is just SOARING, isn't it?!!  NOT!!!





Attachment (1)

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It's only kinky the first time!!!

(in reply to Lucylastic)
Profile   Post #: 32
RE: Obama New Popularity Causes Democratic Party Affili... - 6/11/2011 3:10:22 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Lucylastic

quote:

ORIGINAL: isoLadyOwner

I prefer my country's warmongering be conducted by Republicans. The hypocrisy of the DNC is too repellant. I'll go pure GOP until Obama is out of office and his cronies are powerless then anti incumbent until real leaders emerge that aren't beholden to their Saudi Masters.



I wasnt aware that Obama had anything to do with flying out saudis the day of 9/11


How could he have anything to do with something that didnt happen.


Here you go, Wilbur: this is from the Sky news archive, so isn't spin by a leftist liberal source out to destroy America. (It's owned by the same noble freethinker who owns Fox, so must be an impartial source, right?)
Linky





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(in reply to willbeurdaddy)
Profile   Post #: 33
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