Blog > Archive by tag 'mortgage crisis'
“Contrary to what Wall Street would have you believe, this appalling sloppiness that created the subprime mortgage scandal has not been a feature of every housing boom for the last half century. It’s actually quite new, the result of the misdirected incentives caused by the mortgage-securitization business.” — Martin Hutchinson
by [...]
"Few folks have the ethical strength to turn away that kind of opportunity. And those that do will never see a corner office. It takes greed to succeed. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — You would think that an executive in charge of billions of dollars of other people’s money would be more responsible. [...]
"Even more troubling than the mortgage crisis is the havoc it is creating in the bond market. Borrowers and lenders that depend on the usually highly liquid and safe municipal bond market are suffering from a market that seemingly dried up overnight. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — Every major economic downturn in this nation's [...]
"The UK housing market is going downhill fast. And as we’ve been predicting, we’ve just seen the first commercial property fund ban retail investors from withdrawing their money." — John Stepek
by John Stepek, MoneyWeek
Baltimore — (TFN): It’s easy to get bamboozled by the scale of the numbers and the ridiculous acronyms that fly [...]
"The more catastrophic scenario is one where asset prices hold steady or even resume their ascent, while consumer goods prices rise even faster. This of course is the hyper-inflation scenario, and is the worst possible outcome." — Peter Schiff
by Peter Schiff
Baltimore —(TFN): Among those rational enough to perceive the looming economic downturn, a heated debate has arisen [...]
Tags: ARM, Bush bail-out, CNN, dr doom, finance, Financial, foreclosure, loan freeze, mortgage crisis, peter schiff, property crisis, Real Estate
“These DHI calls give you the right (but not the obligation) to buy shares of DHI for $10 anytime before January of 2010. Since these calls carry $4.22 in intrinsic value, you’re paying a grand total of $1.78 to carry this position into January of 2010!” — Bryan Bottarelli
by Bryan Bottarelli
Baltimore — (TFN): You’re about [...]
"Lenders will be on the hook for more losses than had the foreclosures taken place sooner. Of course, as these chickens will likely come home to roost after the next election, that’s a trade-off incumbent politicians will happily make." — Peter Schiff
by Peter Schiff, TFN
Baltimore — (TFN): Without question, the Bush administration’s mortgage rescue [...]
Tags: ARM, Bush bail-out, CNN, dr doom, finance, Financial, foreclosure, loan freeze, mortgage crisis, peter schiff, property crisis, Real Estate