I thought the downturn was caused by american families thinking they could buy $720k homes when they had jobs making only $14k per year. http://hollisterfreelance.com/news/contentview.asp?c=213141
payout to the new world order and one global currency that is coming one day where no one can buy or sell without the M.A.R.K. Chip on their hand or forehead with instant monitoring by the B.E.A.S.T. computer which runs on octal 666. www.infowars.com
The Fed effects the entire world you dimbulb. Yes because it has been happening for "almost 100 years" it should continue... bizarre logic appropriate username...
This quote is amazing: In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest. I guess then that Fed members can trade on insider information but it is illegal for anyone else to.
Oh wow... the Federal Reserve can purchase the entire United States if they wanted to just by adding a few zeros to their account balance on their Excel spreadsheet and drawing a check from that. Why does one institution have all the power in the country and the American people are doing nothing about it? Casey Anthony is more important? For real? The Fed is the grandest heist in all of human history.
your use of the word "organize" says it all since you are obviously familiar with markets to make pricing decisions. failed enterprises should have been allowed to fail. wilbur ross and people like him would have picked up assets pennies on the dollar and a true economic up cycle would eventually begin anew. instead we have continuous government made bubbles.the executives of the failed enterprises would have had to scramble to make a living. it is socialism for the rich and the government class and havoc for the private sector and a depreciating currency to protect the favored classes. argentina here we come.
Yep, low income, uneducated "berry" pickers outsmarted the ivy league, MBA types. And it would have worked if it weren't for you meddling fools.... Dumest motherfucking mortgage brokers/bankers I ever heard of. These guys were fucking rock dumb, all they way up to the ass-hats who bought the these packaged MBS securities. Fucking EPIC Fail and a kick in the face to higher edu-ma-cation. But stupidity is not crime. It was, and perhaps still is, in vogue. I wonder just how many of these brilliant deals went through. Come on, the fucking real estate agent even had to kick in 2k/month to help with the payments. Dumb Ass! I hate government regulation with a passion but this story screams the need for the Dumb Fuck Protection Agency. Add DFPA to the long list of needless oversight. Shit, 'merica needs to make 'box of rock' stupidity a crime punsihable by repeating k-5. I thought RE Agents couldn't be that fucking dim, but I'm forced to re-evalute.
So what you're saying is, that if a family making $14k/yr came to you for a loan to buy a $720k home - you would give it to them... Hmmm....let's see where the problem with that is.....
More laws/agencies are never the answer. They'll always lead to more bad policies, mispricing, misallocated spending, crises, etc. Just get the govât and Fed outâno more Fannie, Freddie, CRA, 0% Fed Funds rates, etc. Iâm quite sure the days of ridiculous ARMs, liar loans, etc. will end if thereâs no one to back up dumb brokers, dumb buyers, dumb banks, dumb mortage bond investors, etc.