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Here's my 2 cents. Technical analysis, future value of dividend payments, discounted cashflow, forward earnings, etc...are all just "fundamentals" of an investors psychology. If you get enough people to follow one pricing theory then it becomes relevant. There isn't any concrete scientific...

AIG already blew thru the 85 BILLION FED loan and needs 38 BILLION MORE!! WTF!?!?!?!?!?!?!?! Press Release Release Date: October 8, 2008 For immediate release The Federal Reserve Board has authorized the Federal Reserve Bank of New York to borrow securities from certain...

What an asshole. I wish I would have got to him first, then at least there would only have been one death.

Yup, hold dollars because we're all in this together. No currency is immune from destruction at this point.

Just think, some people are still oblivious as to what's going on. They're out there shopping for 600k HOUSES!!!

I posted this on another thread.... Daily/weekly/monthly swings in LIBOR may or may not have an impact on your mortgage. A typical 3, 5, 7, or 10 year ARM carries a fixed rate during the predetermined period. At the point of first adjustment, the rate is based on the predetermined margin...

I was wondering, why the Department hasn't considered the possibility of doing some sort of bond-swap for the the distressed assets. Could the Treasury Dept. issue zero coupon treasuries with staggered maturities, say 1,2,3,4,5 years, in exchange for the MBS instruments? My thinking...

I was wondering, why the Department hasn't considered the possibility of doing some sort of bond-swap for the the distressed assets. Could the Treasury Dept. issue zero coupon treasuries with staggered maturities, say 1,2,3,4,5 years, in exchange for the MBS instruments? My thinking...

This is a highlypopulated area. Even though the % of wealthy people may not seem high, there are a ton of people with way too much money here. All these median incomes include renters, and beach bums that have to work for a living. The average income for a Newport Beach homeowner is much much...

As bad as America is when it comes to consumerism, we are NOTHING compared to the teenie-bop, tabloid filled, superficial culture of Great Britain. Every reality tv show, tabloid, gossip magazine, or tv repair show is magnified to the 10th degree.

Today, being the last day of the month, is not good. Most rate adjustments occur right at the end of the month or on the 1st of hte month. Ouch!

Daily/weekly/monthly swings in LIBOR may or may not have an impact on your mortgage. A typical 3, 5, 7, or 10 year ARM carries a fixed rate during the predetermined period. At the point of first adjustment, the rate is based on the predetermined margin plus the current index value. Many...

and the wealthy elite bankers effectively own the congress, and the executive branch. The United States really is "The Bank of America." We are the lowly tellers who make $9 dollars an hour and deal with all the bullshit.

68 points higher in a week is jibber-jabber.

The traditional mortgage market is dust. There now are "loan Mod shops" opening up everywhere. From what my colleagues and I can tell many of these places are infested with the slimiest of slime.

It looks like the sheep got sucked into another sucker's rally today.