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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: see clearly now who wrote (162282)	3/5/2009 12:58:26 PM
From: Mac Con Ulaidh	Read Replies (1) \| Respond to of 362878

you think Bin Laden didn't know he was getting a twofer? He might have chosen to live in a cave but he is from a billionaire family that smoozes with our elites. he knew exactly what was happening with the casino. the buildings coming down was just for visuals, cause we tend to miss things.

To: see clearly now who wrote (162282)	3/5/2009 1:01:06 PM
From: Mac Con Ulaidh	Respond to of 362878

something different... just cause it caught my interest today... that and I remember the song playing as I drove my 'gang member' friends across the state line and we sighed with relief to be in hidden alabama, then we crossed the even more hidden county line, then we turned into the holler that is hidden from all :) youtube.com they were good people, of course. just from a rough neighborhood and needed some hiding. ;)

To: see clearly now who wrote (162282)	3/5/2009 8:53:59 PM
From: cirrus	Read Replies (1) \| Respond to of 362878

Wow! Great post. Thanks. In the world of finance, too many quants see only the numbers before them and forget about the concrete reality the figures are supposed to represent. As Li himself said of his own model: "The most dangerous part is when people believe everything coming out of it." I am not clear about declining home values triggering the collapse... home prices fluctuate from time to time and I know folks who lost money in real estate well before the current crisis. IMHO opinion home values were not the trigger - the time bomb was the bankers writing variable rate mortgages at below market teaser rates. If you're locked into a 20 or 30 year fixed rate mortgage that you can afford and the value of your home falls 25%, so what? You keep making that monthly payment figuring that the market will eventually recover. The banks lent folks money a low rates and when the rates skyrocketed folks couldn't afford to pay - the value of the house is a side issue. Yes, had housing prices risen they could have sold for a profit... but since when did a roof over your head become a speculative investment?