Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (50196)	12/21/2000 7:12:08 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

thanks...this jibes with the fact that the GSE's have expanded their already incredibly bloated balance sheets by a staggering 20% in Q3 alone...with banks selling their mortgages to them at blinding speed. the RE bubble fueled by these organizations is an extremely unhealthy development for the economy...people will in the end lose their homes to the banksters, and the tax payer will be asked to foot the bill once the GSE's get into trouble. leveraged 1:154, worse than LTCM...and they have blocked any moves to curtail their power by buying off politicians in Wash., which has led to agency spreads narrowing sharply, giving fresh impetus to the RE bubble they have created. prices rising by 23,4% year-over-year attract speculative funds, as those are always drawn toward inflation...once this bubble collapses too, collateral values for a lot of debt will disappear, as happened in Japan 10 years ago. the GSE's were founded to make housing more affordable - yeah right. it's more affordable now, lol.