Housing Bubble Bursting?

[moh malekpour]

More Generous Inflation Protection

More Generous Inflation Protection by The Mogambo Guru

 

[Riick]

The Mogambo!? --> "We're all freakin' doomed!" <lol>
He's funny, but for at least the last two years,
almost a one-note Samba: Inflation + Gold -n- Silver

 

[Couch Potato]

The Mogambo!? --> "We're all freakin' doomed!" <lol>
He's funny, but for at least the last two years,
almost a one-note Samba: Inflation + Gold -n- Silver

Good advice for the last two years. LOL

 

[moh malekpour]

Countrywide’s Chief Salesman and Defender

Countrywide’s Chief Salesman and Defender

To this day, he says his beleaguered company did nothing wrong during the loose-lending craze that is now unraveling nationwide with record foreclosures and mountainous losses. Instead, Mr. Mozilo considers himself and his company to be victims of financial forces beyond their control.

borrowers forced lenders like Countrywide to lower their mortgage standards

 

[moh malekpour]

There’s No Superhero in the Wings

There’s No Superhero in the Wings

 

[JSmith43]

borrowers forced lenders like Countrywide to lower their mortgage standards

They had a choice to either go for greater market share or an increased emphasis on quality of loans and sustainability of their business plan.

Voters are responsible ultimately, as they seem to keep politicians in power that keep interfering with market mechanisms which would otherwise let the chips fall where they may and weed out the losers in a more rational fashion.

I think Mozilo should get partial credit for his explanation

 

[Randolph Kinney]

They had a choice to either go for greater market share or an increased emphasis on quality of loans and sustainability of their business plan.

Voters are responsible ultimately, as they seem to keep politicians in power that keep interfering with market mechanisms which would otherwise let the chips fall where they may and weed out the losers in a more rational fashion.

I think Mozilo should get partial credit for his explanation

Yeah sure. His reasoning is like a drug dealer; I counld't sell the stuff if they didn't want it and there was no demand for it.

 

[Riick]

They had a choice to either go for greater market share or an increased emphasis on quality of loans and sustainability of their business plan.

Voters are responsible ultimately, as they seem to keep politicians in power that keep interfering with market mechanisms which would otherwise let the chips fall where they may and weed out the losers in a more rational fashion.

I think Mozilo should get partial credit for his explanation

Partial credit. 40% out of 100% possible = A Failing Grade

 

[Randolph Kinney]

Next week should be another volatile week

Worsening credit crunch pressures British, U.S. banks

Barclays, HSBC write-downs; U.S. banks agree to stabilization fund

SAN FRANCISCO (MarketWatch) -- The subprime crisis wreaking havoc among global banks and brokerages could turn a harsh spotlight on two U.K. banking giants this week, while a group of major U.S. banks will propose a fund aimed at adding stability to the credit markets, according to reports Sunday.

 

[moh malekpour]

Probing the Depth of the Downturn

Probing the Depth of the Downturn