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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (21604)	8/25/2007 4:34:21 PM
From: TobagoJack	Respond to of 217862

fear that is not actually so, as sub-prime, in its broadest context, is all over and fused into the chromo-lattice of usa, extending from the poor uneducated straight to the the best of the ruling elite, the banks, and in fact, to the state itself, and to the very money underlying the whole structure the corrosive rot on manufacturing and innovation will continue apace, the folks will be trapped inside or kicked out, and the risk is infused into every nook and cranny a few billion of speculative paper on chinese banks is of no consequence, a cheap tuition and a scouting heads-up, forcing a conclusion that says 'do not speculate any more in usa junk; invest in freedom hong kong instead' and so our respective fates are linked, meaning yours and mine, and we cross each other in the night, traveling in diametrically opposite directions freedom, there is absolutely no substitute

To: Ilaine who wrote (21604)	8/25/2007 4:48:44 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217862

In what way do you think Mortgage Brokers are unregulated by RESPA and other lending laws? They are regulated, but regulations for banks and non-bank lenders were loosened to "free the market" to create prosperity. Just because General Motor's Ditech subsidiary was willing to make loans for 125% of the value of your home with negligible documentation, doesn't mean they aren't regulated. When they intend to sell these loans (and the loan buyers don't care about these lapses in common sense because they believe real estate prices will only rise and never decline) should regulation prevent this? Both choices have good and bad aspects. Every time prudent banking regulations are loosened in the spirit of "freeing the market" ultimately really bad things happen. A recent example of this was Ronald Reagan's "deregulation" of the Savings and Loan industry through the "Garn - St Germain Depository Institutions Act of 1982". Prudent banking guidelines were developed over a very long period of time in many nations based on many lifetimes of wisdom. They ignored at your own peril. .