The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ramsey Su who wrote (57628)	4/6/2006 6:53:26 PM
From: shades	Read Replies (1) of 110194

A few months ago, I asked a friend who works at HUD with all the exotic mortgages out there these days, why do we even need HUD? I never did get a response. fdic.gov Ramsey I need some help - since history repeats - what part of this timeline have we repeated? September, 1981--Federal Home Loan Bank Board permits troubled S&Ls to issue "income capital certificates" that are purchased by FSLIC and included as capital. Rather than showing that an institution is insolvent, the certificates make it appear solvent. December, 1982--In response to the massive defections of state chartered S&Ls to the federal system, Nolan Bill passes in California. Allows California-chartered S&Ls to invest 100% of deposits in any kind of venture. Similar plans adopted in Texas and Florida. Government policy in interest rates, and on finance generally, has been marked by vacillation, wishful thinking, electoral expediency of the most shameful type towards the end of last year, contortions and contradictions, all to accommodate the redneck economics of the National Country Party. (Harsard Aug.27 1981)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next