Thank G20 It's Friday – Yet Another Global Cluster F*ck. – This cash doesn’t come from someone else buying or selling assets – it’s exogenous – it’s not from "the market" flow of financial assets. (which is where the cash on the sidelines fallacy comes in – but it does NOT apply here!) The Fed’s QE purchases are the same. I tried to explain this multiple times while referencing TrimTabs.
Bill Murphy posted a letter from Dan Norcini at his Le Metropole site today that analyzes Alan’s recent barrage of commentary (in part): "One has got to hand it Sir Alan – he has become amazingly adept at speaking in such a manner that anyone listening can hear exactly what he or she wants to hear.
39 thoughts on " Fix the Housing Market: Let home prices fall " winstongator August 30, 2010 at 3:01 pm. Say a $50k pre-tax salary affords the $112k in 98. The $300k over 9 years is $33k/yr, assume a 20% tax rate and that ‘feels’ like another $42k in pre-tax income.
If we can bail out Chrysler, why can’t we support the American homeowner? It’s hard to know where to go with this, but let’s deal with a few inaccuracies first and then get to the gist of the argument. Gross has rewritten a good chunk of financial history. The US did bail out Chrysler, but not at any explicit cost to the taxpayer.
MGIC writes $3.6B in primary new mortgage insurance PDF Cancellation based on original value – MGIC – cancel your MGIC mortgage insurance If you have enough equity in your primary home and made your mortgage payments on time, you may be able to cancel your mortgage insurance. Cancellation based on original value According to the Homeowners Protection Act of 1998 (HPA), you can ask your lender to cancel mortgageDeMarco says FHFA will not consider principal write-downs The top regulator for 60 percent of America’s home mortgages opened the door a bit on helping underwater homeowners through principal reduction, but he’s not totally on the bus yet.
it’s that Americans are frustrated knowing that Barack Obama’s plans to raise taxes during a down economy and his proposal for a trillion dollars in new government spending are the absolute wrong.
Hedge fund investor demands HLSS terminate Ocwen relationship Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream.
A growing chorus of regulators and consumer activists were joined this past week by PIMCO’s Bill Gross in calling for a borrower bailout.
That’s why it’s so important for our Republican Senators to stand strong in opposition to this gigantic bailout full or pork-barrel projects and earmarks. Every single gop congressman voted against the package last week, and our two Texas Senators are speaking out against it right now!
Why Congress Should Oppose the Bail-Out Package UPDATE – Below are the reasons Congress should reject the package unless there are major changes to the bill. Simply put, as it stands the bill will grant far too much power and authority to the Treasury.
DETROIT BANKRUPTCY REIGNITES OLD PARTISAN BATTLES – The Detroit bankruptcy filing ignited a partisan war with supporters of 2012 gop nominee mitt romney saying it proved President Barack Obama.