Comments on: Wild Ride On Wall Street
Dow Plummets More Than 340 Points Then Soars Late, Closing Nearly Flat
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- I shorted the DOW with everything I own at 14,000
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- Hey there are a lot of factors involved here. Recall that from 2001 to fall of 2004 the entire nation was losing jobs by the thousands. Since that time places like Ohio and Michigan have continued to do so. There are a lot of people in this country still looking for jobs and you can imagine when Ford lays off 114,000 employees nationwide, that cant be good for the housing market. Its not that these folks had homes they couldnt afford, a lot of them just lost their income.
The ones that had shady incomes and got loans were all those weird loans like, - Interest only, variants on ARM''s, and Balloon mortgages like that.
But thats what taking risks is about.
Besides that, Dont a lot of FHA homes get secured by the Feds on default?
Doesnt PMI provide mortgage insurance incase of default?
Also, dont they own the homes when people default on them and cannot pay them?
So technically, unless the house is condemned dont they basically lose nothing in reality but huge extra profits over and above the income and asset holdings? - Reply to this comment
- i want my stapler.. red stapler
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- The problem is not with the people want nice homes, the problem is the greed of the banks. They preyed on people who had little but wanted alot more. So they approved mortgages for people who a few years ago would have never been approved. For this the banks received higher fees, and these people got a house they liked.
The banks are responsible because they are the ones who make the decisions on who can qualify for a mortgage and who can''t.
But the banks will be, once again, bailed out by the government and the people will lose their homes. - Reply to this comment
- Fellow Citizens,
For over six years Bush and his henchmen have told us that only three things were necessary for the success of America.
Inhumanity, lawlessness, and greed.
They were wrong.
About everything.
On September 15, 2007 tens of thousands of Americans from all over our great country are converging in Washington D.C. for an impeachment and anti-war march.
This day will start the beginning of a week of action to restore our Constitution to this land and end Bush''s atrocious war of aggression.
sep15.org and impeachbush.org have all the information you need to attend, and we need every loyal American who can make it to be there.
Do you want an end to this war?
Do you want our Constitution and the rule of law it embraces restored to this land?
Do you want to see those who have subverted our Constitution brought to justice, as a warning to all those who would think it possible again?
Then I will see you there fellow patriots, unless I''m illegally abducted and placed in one of Bush''s secret prisons forever, without charge or representation, during my journey to Washington D.C.
The time for complaining is over, the time for action is here.
ST
"Too often we have been caught between word, and action."
SearingTruth
A Future of the Brave - www.searingtruth.com - Reply to this comment
'''' ... some sell war door to door, but most won''''t buy and most that do get turned away because the war machines can''''t afford any liabilitys ... except for target practice ... ''''
'''' ... soldiers mug rape kill more small kids per capita, and parents mug rape kill more small kids, and all because ''''god and congress made me do it ... ''''
'''' ... god''''s a three year old girl passing her bombs to stupid men and asking them to tax her world and keep her safe ... ''''
'''' ... in theory: any object or reciprocity or text or image can be decrpted to reveal any other object or reciprocity or text or image, depending on the code key applied ... ''''
'''' ... is it that the ''''market hogs'''' are so rich, or that they are so poor, if each 50 or 300 folk report on 50 or 300 other folk: then, is not the media most rich? ... ''''
Posted by oakishpines at 12:14 PM : Aug 16, 2007
Ummm...yea...Listen, we''re going to need to move your desk down to the basement...we need this space for some of the new people coming in...ummmkay? Thaaaanks.- Reply to this comment
- The market is ripe for a crash!
- Reply to this comment
- Greed
Greed
Greed
This is the result... - Reply to this comment
'' ... i had a million dollars and i wanted to return on investment ten million dollars, so i started to make a movie and then decided i''d make 10 $100,000 movies and then decided 100 $10,000 and then 1000 $1,000 and eventually went to a million kids and said: here kid is a penny, dance me a get well feed world song, a medical you are here map song dance skit kit ... and each kid said ''keep the penny, dancing get well feed world songs, and medical you are here map song dance skit kits, is free'' ... and i made ten million dollars for free ... ''
'' ... some sell war door to door, but most won''t buy and most that do get turned away because the war machines can''t afford any liabilitys ... except for target practice ... ''
'' ... soldiers mug rape kill more small kids per capita, and parents mug rape kill more small kids, and all because ''god and congress made me do it ... ''
'' ... god''s a three year old girl passing her bombs to stupid men and asking them to tax her world and keep her safe ... ''
'' ... in theory: any object or reciprocity or text or image can be decrpted to reveal any other object or reciprocity or text or image, depending on the code key applied ... ''
'' ... is it that the ''market hogs'' are so rich, or that they are so poor, if each 50 or 300 folk report on 50 or 300 other folk: then, is not the media most rich? ... ''- Reply to this comment
- This whole situation is way over due. Everyone
wants big fancy cars and houses. We need to
get back to what we can handle. You just cant
buy a $500,000 dollar house for a $1000.00
a month.
Rob - Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
