Page 17 of 24 FirstFirst ... 71516171819 ... LastLast
Results 161 to 170 of 236

Thread: Home price drops exceed Great Depression: Zillow

  1. #161
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by BmanMcfly View Post
    Yes... you always gotta worry when you see an investment start to skyrocket in price, it's fine to invest, but make sure to pull out before these bubbles burst. I'm not sure what other kind of bubble is left to inflate, except by inflating the currency itself, and if that becomes a bubble which bursts, well, america will have to face a harsh reality, of being reduced to a third world economy.
    I people smartly invested their money and put some values within their bottom-line "must meet" list then the bubble wouldn't have expanded under it's false pretenses. . . the disaster would have been avoided completely.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  2. #162
    Banned
    Join Date
    Oct 2008
    Last Seen
    01-03-16 @ 02:05 PM
    Gender
    Lean
    Undisclosed
    Posts
    12,761

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Aunt Spiker View Post
    I people smartly invested their money and put some values within their bottom-line "must meet" list then the bubble wouldn't have expanded under it's false pretenses. . . the disaster would have been avoided completely.
    Again, this crisis can DIRECTLY be attributed to Clinton's administration, then Bush came in and all but FORCED this bubble to be inflated by banks, and now Obama comes in to bailout these banks so that they can profit on the way down.

    There's a level of collusion in all this that transcends party lines and even administrations... that's because those 'special interests' and lobby groups all work for the same interests, and these people influence whoever is in office equally. If the regulators weren't so easy to buy off this bubble would have been prevented legally before this fraud could have escalated to the point that it became a bubble so large that the debt created will be completely insurmountable for the country.

    Now China seems intent on replacing the US as the economic power house....

  3. #163
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by BmanMcfly View Post
    Again, this crisis can DIRECTLY be attributed to Clinton's administration, then Bush came in and all but FORCED this bubble to be inflated by banks, and now Obama comes in to bailout these banks so that they can profit on the way down.

    There's a level of collusion in all this that transcends party lines and even administrations... that's because those 'special interests' and lobby groups all work for the same interests, and these people influence whoever is in office equally. If the regulators weren't so easy to buy off this bubble would have been prevented legally before this fraud could have escalated to the point that it became a bubble so large that the debt created will be completely insurmountable for the country.

    Now China seems intent on replacing the US as the economic power house....
    No - can't blame a paritcular administration as if their sole decisions and discretions caused the problems.
    They share the blame - and the blame is quite widespread - for our multiple crises.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  4. #164
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by BmanMcfly View Post
    Again, this crisis can DIRECTLY be attributed to Clinton's administration, then Bush came in and all but FORCED this bubble to be inflated by banks, and now Obama comes in to bailout these banks so that they can profit on the way down.

    There's a level of collusion in all this that transcends party lines and even administrations... that's because those 'special interests' and lobby groups all work for the same interests, and these people influence whoever is in office equally. If the regulators weren't so easy to buy off this bubble would have been prevented legally before this fraud could have escalated to the point that it became a bubble so large that the debt created will be completely insurmountable for the country.

    Now China seems intent on replacing the US as the economic power house....
    Clinton left Bush a recession. Remember? There was no Housing boom then. The Bubble occurred when interest rates were cut and Bush pushed for everyone to own their home. New home construction almost doubled after '02. The bubble occurred from '02 to '06.

    Clinton had nothing to do with creating the housing bubble.

  5. #165
    Banned
    Join Date
    Oct 2008
    Last Seen
    01-03-16 @ 02:05 PM
    Gender
    Lean
    Undisclosed
    Posts
    12,761

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Dirty Harry View Post
    Clinton left Bush a recession. Remember? There was no Housing boom then. The Bubble occurred when interest rates were cut and Bush pushed for everyone to own their home. New home construction almost doubled after '02. The bubble occurred from '02 to '06.

    Clinton had nothing to do with creating the housing bubble.
    Right... Clinton repealed Glass-Stiegall, likely under influence from the bigger banks. Then, Bush, in collaboration with these same institutions, 'influenced the banks' into being forced into creating this investment vehicle that was designed to create an artificial bubble. Now, that the bubble has popped Obama took the ball and repaid these banks using taxpayer funds under the guise of a 'bailout'.

    This really is not unlike a ponzi scheme... everyone makes money at first, and right as there's about to be the 'big payoff', the perpetrator of the scheme pulls the rug from under the investors. This one required I guess about 10 years to come to fruition. The bailout to pay off those on the inside back for any losses incurred when the bubble burst is more like a 'cherry on top'... consider that Obama's first bailout was done under congressional threats of martial law in america if the bill was not passed instantly.

  6. #166
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Dirty Harry View Post
    Clinton left Bush a recession. Remember? There was no Housing boom then. The Bubble occurred when interest rates were cut and Bush pushed for everyone to own their home. New home construction almost doubled after '02. The bubble occurred from '02 to '06.

    Clinton had nothing to do with creating the housing bubble.
    It's so multi-faceted you both are right. One large part that gets overlooked is that mortgages were being bundled together - and marketed as investment opportunities. Many invested ignorantly in these golden bundles of joy - internationally - and when the foundation quickly crumbled it took towns, companies, the banks that created them, and wall street - and eveyrone else - down with it.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  7. #167
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 12:49 PM
    Gender
    Lean
    Independent
    Posts
    36,136

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Aunt Spiker View Post
    It's so multi-faceted you both are right. One large part that gets overlooked is that mortgages were being bundled together - and marketed as investment opportunities. Many invested ignorantly in these golden bundles of joy - internationally - and when the foundation quickly crumbled it took towns, companies, the banks that created them, and wall street - and eveyrone else - down with it.
    those CDOs were packaged and issued ratings
    too often, those ratings were inflated, causing the investors to pony up in the false belief they were buying a solid bundle of securities
    so, i cannot agree that they made ignorant investments since they were often mislead
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  8. #168
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 12:49 PM
    Gender
    Lean
    Independent
    Posts
    36,136

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by BmanMcfly View Post
    Right... Clinton repealed Glass-Stiegall, likely under influence from the bigger banks. Then, Bush, in collaboration with these same institutions, 'influenced the banks' into being forced into creating this investment vehicle that was designed to create an artificial bubble. Now, that the bubble has popped Obama took the ball and repaid these banks using taxpayer funds under the guise of a 'bailout'.

    This really is not unlike a ponzi scheme... everyone makes money at first, and right as there's about to be the 'big payoff', the perpetrator of the scheme pulls the rug from under the investors. This one required I guess about 10 years to come to fruition. The bailout to pay off those on the inside back for any losses incurred when the bubble burst is more like a 'cherry on top'... consider that Obama's first bailout was done under congressional threats of martial law in america if the bill was not passed instantly.
    [emphasis added by bubba]

    let's again examine the names of the republicans responsible for the end of glass-steagall
    the Gramm-Leach-Bliley Act
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  9. #169
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by justabubba View Post
    [emphasis added by bubba]

    let's again examine the names of the republicans responsible for the end of glass-steagall
    the Gramm-Leach-Bliley Act
    And for the record - the 1999 repealant measure was presented by a Republican.
    And it didn't undo things alone - two other previous bills passed also aided.

    If we molest Wiki we can read up:

    The argument for preserving Glass–Steagall (as written in 1987):

    1. Conflicts of interest characterize the granting of credit (that is to say, lending) and the use of credit (that is to say, investing) by the same entity, which led to abuses that originally produced the Act.

    2. Depository institutions possess enormous financial power, by virtue of their control of other people’s money; its extent must be limited to ensure soundness and competition in the market for funds, whether loans or investments.

    3. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses.

    4. Depository institutions are supposed to be managed to limit risk. Their managers thus may not be conditioned to operate prudently in more speculative securities businesses. An example is the crash of real estate investment trusts sponsored by bank holding companies (in the 1970s and 1980s).

    The argument against preserving the Act (as written in 1987):

    1. Depository institutions will now operate in “deregulated” financial markets in which distinctions between loans, securities, and deposits are not well drawn. They are losing market shares to securities firms that are not so strictly regulated, and to foreign financial institutions operating without much restriction from the Act.

    2. Conflicts of interest can be prevented by enforcing legislation against them, and by separating the lending and credit functions through forming distinctly separate subsidiaries of financial firms.

    3. The securities activities that depository institutions are seeking are both low-risk by their very nature, and would reduce the total risk of organizations offering them – by diversification.

    4. In much of the rest of the world, depository institutions operate simultaneously and successfully in both banking and securities markets. Lessons learned from their experience can be applied to our national financial structure and regulation.
    Last edited by Aunt Spiker; 01-26-11 at 12:05 AM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  10. #170
    Banned
    Join Date
    Oct 2008
    Last Seen
    01-03-16 @ 02:05 PM
    Gender
    Lean
    Undisclosed
    Posts
    12,761

    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by justabubba View Post
    [emphasis added by bubba]

    let's again examine the names of the republicans responsible for the end of glass-steagall
    the Gramm-Leach-Bliley Act
    Yes.. it was BOTH PARTIES!!!

    Who has the most to gain from this : The financial institutions the whole way back.

    Who gives the most money to political campaigns : Financial institutions (probably competing with military contractors)

Page 17 of 24 FirstFirst ... 71516171819 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •