graphrix_IHB
New member
For $80,000, this "escort" better be like Angelina Jolie or Jessica Alba or Scarlett Johannsen.
Headlines...
- Thread starter effenheimer_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Anonymous_IHB
New member
Latest Trouble Spot for Banks: Souring Home-Equity Loans
http://online.wsj.com/article/SB120527998662928743.html?mod=hps_us_whats_news
http://online.wsj.com/article/SB120527998662928743.html?mod=hps_us_whats_news
Priced_Out_IT_Guy_IHB
New member
I am surprised nobody has posted about the 200 billion dollars the Fed is going to lend banks yet..
http://money.cnn.com/2008/03/11/markets/markets_wrap/index.htm?postversion=2008031118
Dow soars 417 on Fed move
Stocks surge in the Dow's best day in 5-1/2 years as investors cheer central bank's move to pump an additional $200 billion into the banking system.
http://money.cnn.com/2008/03/11/markets/markets_wrap/index.htm?postversion=2008031118
Dow soars 417 on Fed move
Stocks surge in the Dow's best day in 5-1/2 years as investors cheer central bank's move to pump an additional $200 billion into the banking system.
IrvineRenter_IHB
New member
The market action today looked very similar to the bear rallies of 2001-2003. There was a lot of short covering today.
EvaLSeraphim_IHB
New member
If only my name were Bear Stearns, I could give my crap to the Fed and get a 28 day loan. Alas, it is not to be.
I especially like the end comment: "Ain't socialism grand?"
I especially like the end comment: "Ain't socialism grand?"
lendingmaestro_IHB
New member
Right, how do we start an organization that makes billions of dollars with massive tax breaks yet we can get bailed out when we lose money? Can we get this started right away?
Thank you,
LM
Thank you,
LM
mulligan_IHB
New member
"Another sad aspect of this news is that Spitzer was actually cleaning up Wall Street."
Pleease
Pleease
Nude_IHB
New member
From the WSJ :
Mr. Rosenberg says in a note to clients that the current downturn is hitting more broadly than the credit crunch and real estate meltdown in the 1990-91 recession, which lasted eight months (as did the mild 2001 contraction). Home prices today are falling in 85% of the country vs. 40% during that period, he notes. When prices hit bottom in 1992, the inventory of new and existing homes for sale was at 7 months of supply. Now it’s at 10 months’ supply “with no improvement in sight,” says Mr. Rosenberg, who was among the first economists to forecast a 2008 recession. He sees average prices nationwide dropping 20% to 30% more, on top of the 11% decline since the 2006 peak.
The mid-1970s recession “not only saw a sharp and sustained rise in food and energy prices, as is the case today, but also saw a very similar consumer balance sheet squeeze from a simultaneous deflation in residential real estate and equity assets, which never happened in the 2001 recession, the 1990-91 recession or the recessions of the early 1980s for that matter,” he writes. “The last time we had more than one quarter of outright contraction in the value of both asset classes on the household balance sheet was in the 1973-75 recession.”
Do you think he's long the homebuilders?
Mr. Rosenberg says in a note to clients that the current downturn is hitting more broadly than the credit crunch and real estate meltdown in the 1990-91 recession, which lasted eight months (as did the mild 2001 contraction). Home prices today are falling in 85% of the country vs. 40% during that period, he notes. When prices hit bottom in 1992, the inventory of new and existing homes for sale was at 7 months of supply. Now it’s at 10 months’ supply “with no improvement in sight,” says Mr. Rosenberg, who was among the first economists to forecast a 2008 recession. He sees average prices nationwide dropping 20% to 30% more, on top of the 11% decline since the 2006 peak.
The mid-1970s recession “not only saw a sharp and sustained rise in food and energy prices, as is the case today, but also saw a very similar consumer balance sheet squeeze from a simultaneous deflation in residential real estate and equity assets, which never happened in the 2001 recession, the 1990-91 recession or the recessions of the early 1980s for that matter,” he writes. “The last time we had more than one quarter of outright contraction in the value of both asset classes on the household balance sheet was in the 1973-75 recession.”
Do you think he's long the homebuilders?
graphrix_IHB
New member
Going, going, gone: a rising auction of scary scenarios
By Martin Wolf
What am I bid on financial sector losses from the US subprime mortgage crisis? Do I have advances on the $100bn suggested by Ben Bernanke, chairman of the Federal Reserve, only last July? Yes, I now have $500bn from the gentlemen from Goldman Sachs. Any advances on $500bn? Yes, I have $1,000bn-$2,000bn from Nouriel Roubini of New York University’s Stern School of Business. Any advances? Going, going, gone.
It is easy to be cynical about this ascending auction of scary prognoses. But we cannot ignore them.
By Martin Wolf
What am I bid on financial sector losses from the US subprime mortgage crisis? Do I have advances on the $100bn suggested by Ben Bernanke, chairman of the Federal Reserve, only last July? Yes, I now have $500bn from the gentlemen from Goldman Sachs. Any advances on $500bn? Yes, I have $1,000bn-$2,000bn from Nouriel Roubini of New York University’s Stern School of Business. Any advances? Going, going, gone.
It is easy to be cynical about this ascending auction of scary prognoses. But we cannot ignore them.
lawyerliz_IHB
New member
Well, the dow is down. Buying up the paper gave it one single day of fresh meat.
IrvineRenter_IHB
New member
If the shorts are covered, the buying interest should fade, and the market will continue its fall.
Daedalus_IHB
New member
I added to my FRE short today. Just 50 more shares, but that would be $1000 if they go BK. I'll probably cover when they get close to 10. Does anyone know if FRE could actually be acquired? I'm thinking no, but they can be rescued....by the generosity of taxpayers.
Anonymous_IHB
New member
Rules Let Too Many Poor People Buy Houses, Syron Says (Update2)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRGiT9IV3UC0
March 12 (Bloomberg) -- Freddie Mac Chief Executive Office Richard Syron said he's urging changes in federal rules that enabled too many low- and moderate-income Americans to buy houses they can't afford.
It's ``perverse'' that Freddie Mac and Fannie Mae, the two biggest providers of money for U.S. home loans, have been encouraged ``to put people into homes that they end up losing,'' Syron said at a meeting with analysts and investors in New York.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRGiT9IV3UC0
March 12 (Bloomberg) -- Freddie Mac Chief Executive Office Richard Syron said he's urging changes in federal rules that enabled too many low- and moderate-income Americans to buy houses they can't afford.
It's ``perverse'' that Freddie Mac and Fannie Mae, the two biggest providers of money for U.S. home loans, have been encouraged ``to put people into homes that they end up losing,'' Syron said at a meeting with analysts and investors in New York.
EvaLSeraphim_IHB
New member
no_vaseline_IHB
New member
http://www.cnbc.com/id/23603903
Carlyle Capital, an affiliate of private equity firm Carlyle Group, said on Wednesday its lenders are likely to take possession of its remaining assets after it was unable to reach a mutually beneficial agreement to stabilize its financing.
Carlyle Capital, an affiliate of private equity firm Carlyle Group, said on Wednesday its lenders are likely to take possession of its remaining assets after it was unable to reach a mutually beneficial agreement to stabilize its financing.
graphrix_IHB
New member
Ouch... the Asian markets took a big hit.
US futures are looking ugly, and currently the Dow futures are below the 12k mark.
Looks like I need to place an order for some SDS calls again.
US futures are looking ugly, and currently the Dow futures are below the 12k mark.
Looks like I need to place an order for some SDS calls again.
awgee_IHB
New member
Eva - My take is the Fed created the new auction for Goldman Sachs and to a lesser extent Bear Stearns and Lehman. It will not do Carlyle or Thornburg any good because they do not have access to the auction.
It seems Paulson is talking today and although he will not come out and say it, he is getting the American taxpayer ready to purchase mortgages.
It seems Paulson is talking today and although he will not come out and say it, he is getting the American taxpayer ready to purchase mortgages.