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.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: bruiser98 who wrote (103936)	2/15/2016 7:42:26 PM
From: robert b furman	Respond to of 207832

Securitized loans went back to banks. Fraudulent car loans go back to the dealer so securitized loans are safe. Its fear mongering - I descredit it completely. The mortgage originators folded like a cheap suit - dealer's have assets and will be penalized for any fraud. Its a red herring - they used it in 2008 as the next shoe also never happened. Subprime auto fees get bought by banks and have subprime fees which are used to estimate repo expenses. Homes mortgage insurers (AIG) had no reserves. Autos are very liquid - can be sold in weeks after repo times are over ( very short vs homes). Homes take months or years There are few similarities in the completely two different loan categories - other than those taking out those types of loans have bad credit and pay higher interest rates. Bob