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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89132)	7/27/2009 1:41:50 PM
From: Peter V	4 Recommendations Read Replies (1) \| Respond to of 94695

he never forced banks to grant high risk loans under the threat of losing their banking charter as obama and barney fwank did, he never covered up that fannie and freddie were in deep trouble as those two did, that's just an absurd accusation... Huh? Obama became President long after the credit crunch started, no-doc and subprime loans had disappeared, and the housing market crash was well under way. I don't get why you are blaming him for this. He was a junior senator before becoming president, and had little influence at all. I edited my post to agree with you about Dodd and Frank. Those guys are criminals. You had a Republican Pres and a Republican Congress for 6 years while the housing boom inflated into a huge bubble. But they share no responsibility? They sat by while the banks and Wall Street made these ridiculous loans and packaged them into "investments." I used to get offers for 125% loans all the time during the boom. Not just no money down, we'll give you 25% on top of what the house cost. That's not just getting unqualified people into homes, that's loan programs completely out of control. Don't lose sight of the fact that both sides of the aisle are largely governed by special interests. Tom DeLay is a prime 'pub example, and as I noted above, 'dems Dodd and Frank are poster boys for that crap. .

To: GROUND ZERO™ who wrote (89132)	7/27/2009 1:49:53 PM
From: Peter V	Read Replies (2) \| Respond to of 94695

one more thing. I'm not a fan of what Obama has done since he has been in office. Handing out free money to Wall Street should have stopped when W left office, but instead Obama stepped it up. And trying to save people from losing their homes because they cannot afford them is a bad idea too. A second stimulus? A total waste. And a health care plan that the CBO says is too expensive to be workable, and on, and on. This is not the change we need. But back to the topic at hand. The trend is still up. What levels would we look for to signal a reversal here?