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Thread: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

  1. #11
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by The Prof View Post
    whoa

    anyway, what obama's doing does not seem to be working
    The stock market suggests otherwise.

    oh, yeah, in my opinion bush was a quasi-socialist
    Socialist? No. Fiscal Liberal? Yes.

    Still, there was a study that gave two proposals about arms reduction to a group of Americans. One had Reagan's name on it and the other had Gorbachev's. Americans when given Reagan's name overwhelmingly supported it over one with Gorbachev's name on it. They then tried the same experiment but swapped the names. Same outcome. That suggests to me people support policies because their candidate supports it regardless of what it actually was even if it was the same policies they derided before because a candidate they did not support pushed it.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #12
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    the removal of the ceiling is on the HOUSE, not wall street

    ie, that's probably the place to look

    as for gorby and ron, who cares

  3. #13
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by The Prof View Post
    as for gorby and ron, who cares
    It shows how people support positions based on who pushes them, not the actual position.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by obvious Child View Post
    It doesn't take a rocket scientist to see why America is so screwed up. Voters are idiots.
    I knew that if I hung around here long enough, I would find something that you and I agree on, without having to hash it out first.

  5. #15
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by obvious Child View Post
    But what's the alternative of doing nothing?

    What people like Prof fail to understand is that reducing liquidity during a liquidity crisis makes the crisis worse. Shutting down support for Freddie and Fannie would do just that which should be obvious for those who are educated. At the same time Prof blames Obama for not getting us out of the crisis. So he complains about Obama not doing the necessary things to fix the economy and then blames him for doing the necessary things to fix the economy.

    Is that due to ignorance or just partisan views?



    Which appears to be write down losses. If and when the housing market comes back up (which given recent indicators appears to be rising), then the mortgages could bounce back similar to how the investment in Chrysler back in the day worked. It's hard to say.

    Freddie and Fannie were a mistake in the first place from day one, but we can't change that now. We have to deal with the problems we have.
    What happens if you take a crack head's smack away?
    I'm Finding it Harder to be a Gentleman, White Stripes ~ "You think I care about me and only me. When every girl needs help climbing up a tree."

  6. #16
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by RightinNYC View Post
    On the bailout of the banks, the government turned a profit of $19b.
    actually no we didn't. those that paid us back paid us back with money that we gave them.

    On the bailout of the car companies, the government lost $30b.
    and continues to lose more. plus i would throw in the cash-for-clunkers cost.

    On the bailout of Freddie/Fannie, the government will lose ?.
    it's not "the government" it's US. you know, the people the government get's the money from.

    and we are going to lose lots. fannie and freddie are shoveling money right back into these kinds of crappy sub-prime loans that we shouldn't have been making in the first place, throwing money down the toilet in the name of "helping" people (though how you help someone by getting them bankrupted or foreclosed on i'm not sure).

    And yet at the end of the day, when people think of government bailouts and taxpayer losses, who do you think they'll blame?
    hopefully carter, clinton, bush, obama, pelosi, reid, frank, dodd, and above all fdr.

  7. #17
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by obvious Child View Post
    The stock market suggests otherwise.
    actually the stock market tends to agree with The Prof. typical recovery quarters see growth in terms of 8% out of a dip. i think our "big growth" recovery was 2.7? right now canada, australia, europe, and ole china are chugging along outside our borders, their recoveries having started earlier and stronger than ours. capital is extremely nervous about getting into the United States right now because it has no idea what the hell this bozo in the White House is going to try to "fix" next.

  8. #18
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by cpwill View Post
    actually no we didn't. those that paid us back paid us back with money that we gave them.
    They're paying us back plus interest.

    http://www.nytimes.com/2009/12/07/business/07tarp.html

    it's not "the government" it's US. you know, the people the government get's the money from.
    As you note, they're essentially interchangeable.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  9. #19
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by obvious Child View Post
    It doesn't take a rocket scientist to see why America is so screwed up. Voters are idiots.
    1. Woo, elitism.
    2. America is screwed up? Compared to what?
    3. Bold statements add emphasis!

  10. #20
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by obvious Child View Post
    It shows how people support positions based on who pushes them, not the actual position.
    There is no doubt it is a factor, but it's not the only factor.

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