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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (168449)	12/2/2008 8:45:14 PM
From: neolib	Read Replies (1) \| Respond to of 306849

These liberal programs and policies are the cause of your funding shortfall and until and unless you address them, you've got no chance at solving the problem. Actually, the problem is that CONSERVATIVES oppose raising the minimum wage, hence all the illegals who will work for lower pay doing jobs "Americans don't want" as Bush put it. Why can't any biased reporter at least point out both sides to this, the low wages being blamed on CONSERVATIVES and the liberal programs being blamed on the LEFT?

To: MulhollandDrive who wrote (168449)	12/2/2008 9:03:25 PM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

>>> This ain't over folks - it won't and can't be until the bad debt is forced out into the open and defaulted. Covering over it with TARPs and other fraudulent machinations simply guarantees we will have an experience similar to that of Japan with 10 years or more of a destroyed and flatlined economy - something that nobody in their right mind wants to see happen. Those in Washington DC are clearly not in their right mind; more on that to come soon...... <<< A most excellent post. It is all there. There is no hope of resolving the mortgage crisis until the investors on the far end are satisfied. They can always sue and put a stick on the spokes - as they should - and as they are. A while ago at the AEI, one of the speakers said that CDOs (securitizations in general) were a really bad idea, and that CDO squared were insane. He who bought on the far end has a small piece of each original piece of debt, and that means that should there be a problem - things can't get worked out....too manyparties to get to agree. Californicated??? You state the obvious - don't take that as an insult. This ain't over folks - it won't and can't be until the bad debt is forced out into the open and defaulted.....Those in Washington DC are clearly not in their right mind; more on that to come soon...... Spot on. The folks in Washington are simply up to their old tricks. They are hoping that the band aid patches that have worked so well for the last five decades will do so again....at least until they have gotten out of office. I think that this time the chickens have come home to roost - as they always had to do. Washington is probably still in denial. What they have to do is cut the Gordian Knot. Basically they need to stuff the home owners, banks, and investors. They won't do that to any of the three...rather one last futile attempt to pass it onto the taxpayer. I haven't quoted Mayer Rothschild in a while: Let us accept things as they are, and profit off the folly of the world. What does that mean here??? The folly is personified in Congress. More denial, rope-a-dope and Japanese lost decade approach. How to profit??? Short the US in general. I hate to say it, but that is where the chips have and will fall. How to short the US??? I remain short some banks. There is a lot of red meat on CRE. The silly things still apply....restaurants, SBUX and the like. As you said....this ain't over.

To: MulhollandDrive who wrote (168449)	12/2/2008 9:36:42 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

NY Times - Bailout Monitor Sees Lack of a Coherent Plan By DIANA B. HENRIQUES Published: December 1, 2008 The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort. Elizabeth Warren, the chairwoman of the oversight panel, said in an interview Monday that the government instead seemed to be lurching from one tactic to the next without clarifying how each step fits into an overall plan. “You can’t just say, ‘Credit isn’t moving through the system,’ ” she said in her first public comments since being named to the panel. “You have to ask why.” If the answer is that banks do not have money to lend, it would make sense to push capital into their hands, as the Treasury has been doing over the last two months, she continued. But if the answer is that their potential borrowers are getting less creditworthy with each passing day, “pouring money into banks isn’t going to fix that problem,” she said. more............ nytimes.com