Comments on: How Did We Miss The Signs Of An Impending Crisis? http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/ As The Media Watches The World, We Watch The Media Fri, 05 Dec 2008 09:18:43 +0000 http://wordpress.org/?v=2.0.5 by: Cord;ey Coit http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4699 Tue, 28 Aug 2007 05:08:08 +0000 http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4699 We Danny you and I saw this one belching black smoke and coming right up the road like a Mexican Semi. All the timing was right for the bust and I wonder how many S&L bandits were in the home lending scam. To our bought off brethren I extend the middle finger. They might try looking at who was dumping stock and mortgages right before the rubber left the road. and where the money went to hide. Bush chose the M1 and Richmond Homes. Also look at who emerges as the bottom feeders. This winter is looking bleak for about fourteen million folks who thought their home was a gold mine. Look for the oafs in the press to blame it all on criminal borrowers, the state of the market , the Invisible Hand, Mythic market gurus, the eclipse tonight. No one will say it is because the system cannot work fairly because the wheel is rigged. Also look to the mob around the president when crime breaks out they are generally wiping the blood and green ink off their hands We Danny you and I saw this one belching black smoke and coming right up the road like a Mexican Semi. All the timing was right for the bust and I wonder how many S&L bandits were in the home lending scam.
To our bought off brethren I extend the middle finger. They might try looking at who was dumping stock and mortgages right before the rubber left the road. and where the money went to hide. Bush chose the M1 and Richmond Homes.
Also look at who emerges as the bottom feeders.
This winter is looking bleak for about fourteen million folks who thought their home was a gold mine.
Look for the oafs in the press to blame it all on criminal borrowers, the state of the market , the Invisible Hand, Mythic market gurus, the eclipse tonight.
No one will say it is because the system cannot work fairly because the wheel is rigged.
Also look to the mob around the president when crime breaks out they are generally wiping the blood and green ink off their hands

]]> by: wafranklin http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4693 Mon, 27 Aug 2007 22:51:23 +0000 http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4693 Post hoc indeed! This so called crisis was obvious perhaps as early as 1998 as mortgages slid into low interest rates obviously engineered by the Idiot Greenspan. During and following the tech bust (1999-2000 and after), the next potential for abuse was the massive amount of capital locked up in residential housing equity, which could be unleashed via 2nds and refinancing at "favorably low rates", like 4.5% for fixed loans, no real equity due at the table from homeowner-borrower. Wow, we have sin-pool in River City. Where is Professor Harold Hill and his band? Get off it. Anyone who did not see this coming was absolutely asleep. What really changed the game was the changes in securitizing collateralized debt, mixing sound debt with absolute trash secured by nothing and marking it high. Now, there is no rational way to unravel this crap and determine what "mark to market" really means. So, here is a conflation of (1) unbounded derivatives of derivatives, (2) criminal lending practices and (3) government disinvolvement-intentionally--oh, (4) and simple greed - suck up as much as you can before the music stops. All this was clear as a bell in 2001. Where was the watchdog press and the SEC and Fed? And of course the sociopath in the White House and his cronies wanted to float all this bad debt to suppor corruption, wars, etc. Post hoc indeed! This so called crisis was obvious perhaps as early as 1998 as mortgages slid into low interest rates obviously engineered by the Idiot Greenspan. During and following the tech bust (1999-2000 and after), the next potential for abuse was the massive amount of capital locked up in residential housing equity, which could be unleashed via 2nds and refinancing at “favorably low rates”, like 4.5% for fixed loans, no real equity due at the table from homeowner-borrower.

Wow, we have sin-pool in River City. Where is Professor Harold Hill and his band? Get off it. Anyone who did not see this coming was absolutely asleep. What really changed the game was the changes in securitizing collateralized debt, mixing sound debt with absolute trash secured by nothing and marking it high. Now, there is no rational way to unravel this crap and determine what “mark to market” really means. So, here is a conflation of (1) unbounded derivatives of derivatives, (2) criminal lending practices and (3) government disinvolvement-intentionally–oh, (4) and simple greed - suck up as much as you can before the music stops.

All this was clear as a bell in 2001. Where was the watchdog press and the SEC and Fed? And of course the sociopath in the White House and his cronies wanted to float all this bad debt to suppor corruption, wars, etc.

]]> by: AnnaCatherine http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4687 Mon, 27 Aug 2007 17:26:10 +0000 http://www.mediachannel.org/wordpress/2007/08/27/how-did-we-miss-the-signs-of-an-impending-crisis/#comment-4687 How did they miss it? By ignoring all signs of trouble the same way they did in 2000 when everything was coming up roses. Analysts had been wrong for 2 years. No one got fired. There was no attempt at damage control. The word CONSEQUENCES has no place in their world. They just screw up and wait for the Great American Bailout.It comes everytime. How did they miss it? By ignoring all signs of trouble the same way they did in 2000 when everything was coming up roses. Analysts had been wrong for 2 years. No one got fired. There was no attempt at damage control. The word CONSEQUENCES has no place in their world. They just screw up and wait for the Great American Bailout.It comes everytime.

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