SI
SI
discoversearch

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.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JBTFD who wrote (139517)9/30/2008 2:53:23 PM
From: Kevin Rose1 Recommendation  Read Replies (1) of 173976
 
Just like after the tech bubble, also caused by deregulation, collapsed, we saw huge writedowns. We will still see those, and more collapses.

But if the underlying assets are shored up, and start to have a non-zero value, then we can get the leverage working in the opposite direction. And once people realize that a good number of these mortgages DO have value - especially if the government is given the power to rewrite some and let people keep paying on them - then, greed will once again replace fear.

These are houses, not tulips, and their value may plummet, but not to zero.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News