Comments on: The future of mortgage lending in the U.S. http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/ Consumption and Real Estate Thu, 25 Aug 2011 02:02:34 +0000 hourly 1 http://wordpress.org/?v=3.3 By: sugarpuddin88 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108068 sugarpuddin88 Thu, 29 Jul 2010 18:37:30 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108068 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 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

]]> By: sugarpuddin88 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108067 sugarpuddin88 Thu, 29 Jul 2010 18:05:15 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108067 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! 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!

]]> By: sugarpuddin88 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108066 sugarpuddin88 Thu, 29 Jul 2010 17:42:49 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108066 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 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

]]> By: 8data http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108065 8data Thu, 29 Jul 2010 16:57:04 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108065 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 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

]]> By: sugarpuddin88 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108064 sugarpuddin88 Thu, 29 Jul 2010 15:59:27 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108064 You want MORE than the already one quadrillion dollars of outstanding fake derivative instruments? Who are you? A brainwashed or corrupt Wall Street pipe dream salesman? You want MORE than the already one quadrillion dollars of outstanding fake derivative instruments?

Who are you? A brainwashed or corrupt Wall Street pipe dream salesman?

]]> By: 8data http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108063 8data Thu, 29 Jul 2010 15:46:09 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108063 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 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

]]> By: 8data http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108062 8data Thu, 29 Jul 2010 15:02:25 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108062 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 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

]]> By: 8data http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108061 8data Thu, 29 Jul 2010 14:37:08 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108061 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 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

]]> By: 8data http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108060 8data Thu, 29 Jul 2010 14:10:43 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108060 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 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

]]> By: mannyfeseha http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108059 mannyfeseha Thu, 29 Jul 2010 13:57:27 +0000 http://www.raestate.com/2010/07/29/the-future-of-mortgage-lending-in-the-u-s/#comment-108059 thehelpfund.blogspot thehelpfund.blogspot

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