Recent content by Major Schadenfreude_IHB

The linchpin of the investment firms' business model is the ability to get the new loans insured by the government. If these new loans were a great bargain, then the private market would gladly step in and insure these loans. They are not a great value, so they are sold to the only dumb kid...

If May Day isn't interesting this year, it will certainly be next year.

I admire a man who puts his money where his mouth is and I'm glad Gary Watts is still "maintaining all his other properties". That makes me real happy! :)

Cited from the article: "The Realtors group contends that the loss of the tax break will lead high-income home-buyers to spend less on homes, which would eventually drive down prices at the high end. And if mansions cost less, modest bungalows will ultimately see their values fall as well...

"NOT A BIG DEAL until the people who actually pays most of the tax bills decide to leave. I know people are not leaving yet. But remember, there will be that day, when a little ?straw? will break the Camel?s back." Wanna know who the "people who actually pays most of the tax bills" are in...

Reading the article is like listening to the devil finally tell the truth. As I predicted long ago, the clever ones who created the mess will be hired after the crash to sort through the mess. Bob Simpson (the interviewee) is looking to hire articulate mortgage industry professionals who...

"One question to Obama: What is more likely to stimulate the economy: Saving homeowners that can?t afford their mortgage or helping people on the sidelines who have a 20% down payment that will spend money on new furniture / paint / supplies??" The government will be most "helpful" to those...

I would like to see figures comparing the number of CA government workers today versus 10 years ago. Let's compare like figures with engineering & tech industry. If engineering and high tech industries have expanded in the past ten years, then that would be a source of tax revenue to...

"California is running out of someone else to pay..." Anybody ever meet a government employee who left their position for the private industry because the compensation was more attractive? Or left the state for a better job? Anybody driving the freeways this Monday (President's Day) get...

I believe one thing LA and IU teachers have in common is a pension plan. That is, if they retire at 55, they are guaranteed a healthy percentage of their salary every year until they die. I have yet to see a private sector job offer a guaranteed percentage of one's salary upon retirement...