Consumption and Real Estate
The future of mortgage lending in the U.S.
The mortgage meltdown, the economy and public policy – Chairman Ben Bernanke, “about the future of mortgage financing in the United States, Chairman Ben Bernanke (via satellite), Federal Reserve Board of Governors
This entry was posted by admin on July 29, 2010 at 1:50 pm, and is filed under Loans and Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
-
-
#2 written by sugarpuddin88 1 year ago
The FED, acting as bartender, gives out free booze to the bankers
The banks in turn have created many fake instruments like derivatives
One quadrillion dollars is the sum of outstanding fake derivatives (fake money pledged by the wealthy banks to buy real things) 1,000,000,000,000,000 on the market, (e.g. a bank with only one real dollar can legally say it owns several billions of real dollars) The total combined assets of the world is only actually a very small fraction of that sum!
-
#3 written by sugarpuddin88 1 year ago
The Bail Out does not help Main Street; it is welfare for Wall Street!
Small businesses cant get loans; kids cant get loans to go to college; home owners cant get loans; but the elite of Wall Street get to keep their billions of dollars in Christmas bonuses last year!
And these banks are using the money to give more bonuses to their executives; buying more banks; and, extending gratuitous benefits & pedicures to the corporate aristocracy
Bankruptcy court would mean returning their bonuses
-
#4 written by 8data 1 year ago
derivatives were not a bad idea-a lot of industries in developing countries-papua new guinea, uganda got financing that way
letting innovation come in some areas and recycled into usas centers of financing, trade, industry
leaving hedge funds to get so large
and not giving the sec greater mandates to create quality competition in the 80s was criminal
and the outcome bad for all twenty years later -
#6 written by 8data 1 year ago
buyer beware, six point two billion people in the planet
greedy people in usa overconsuming, the system is not at fault, people are, the derivatives system could have constrained the greed instead it amplified and now it is returning
the real culprit-SEC, DONT AUTHORIZE COMPANIES TO ISSUE FIVE MILLION SHARES FOR CEOS TO TRADE GLOBALLY
no one can control that monster, its insane to let everything go so crazy, should have slowed down growth of the derivatives in global companies from 1982-onward -
#7 written by 8data 1 year ago
people played along, how many hedge funds are run by transnational people
if there was a real accounting of the systems there would country constraints (such as capital controls) of people who operate transnationally
but most derivatives models are still efficient and excellent, when done well, they are a marvel of complexity
but its impossible to control greed which is a human flaw, and people always want more and the newer and better instead of being happy with the slower and more thoughtful -
#8 written by 8data 1 year ago
i grew up in venezuela during the 80s when the structural adjustment programs (SAPs) were implemented by the IMF
the reaction was that they hurt the poor, but that was not their intention, the main problem was the implementors did not want to swallow the bitter pill of their own demise, in other words, the middle and upper middle class did not want their lives accounted for under them, the framework was not the problem, the lifestyles under the constraints which would be greater sociallong-term -
#9 written by 8data 1 year ago
the derivatives are just used as way of determining the underlying asset, so, for example, the real value of reserves is the real value on exchange rates, and so on, the value of the indices that are supposed to determine private sector activity are the derivatives, so, you have a mortgage on your property and then a bond for your government, underneath them there is a value that is the realized potential of assets as economic activity increases
but its not as if that will ever be the only truth
- True Estate Mortgage Financing – Actual Estate Reel
- Second mortgage refinancing:
- Four people who should not go for mortgage refinancing
- What mortgage lenders aske when they all your place of work.?
- FHA Loan Florida Mortgage Florida FHA
- If your borrower setting a Public Advisor: A Guide for the Service Mortgage
- we went through bankruptcy last year, are still in money trouble no credit cards mortgage too much $$ help!?
- 1. and 2 Mortgage refinance loans – mortgage refinance Why?
- Phoenix Arizona Home Mortgage: The rest of the mortgage throughout the life cycle
- To refinance a mortgage Read more about Obama’s plan to stimulate the mortgage Versus Hope for Homeowners “
The latest bailout package comes to $2.25 trillion, triple the size of the original $700 billion Amazingly the FED has been paying these bankers 188 billion a day all along
Altogether, the worlds markets over the past four weeks saw $11 trillion worth of assets wiped out. This sum corresponds to virtually the entire annual gross national product of the US, or the European Union