FURTHER REAL ESTATE COLLAPSE is COMING!

Discussion in 'Economy' started by Neubarth, Dec 30, 2009.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Just over a year ago, in September 2008 the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship.

    At the same time Treasury established Preferred Stock Purchase Agreements (PSPAs) to ensure that each firm maintained a positive net worth.

    Based on its recent action, the Treasury Department does not believe that the real estate crisis has ended.

    Treasury is now amending the PSPAs to allow the cap on Treasury's funding commitment under these agreements to increase as necessary to accommodate any cumulative reduction in net worth over the next three years.

    At the conclusion of the three-year period, the remaining commitment will then be fully available to be drawn per the terms of the agreements.

    It is obvious that the Treasury Department is convinced that the worst of the burst real estate bubble is yet to come. Why else would they be providing unlimited financial support for the two largest Hudu Zombie banks the world (outside Japan) has ever seen?
     
  2. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    "Why else would they be providing unlimited financial support for the two largest Hudu Zombie banks the world (outside Japan) has ever seen? "

    Because those banks own/control a good portion of our government?
     
  3. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    31,736
    Thanks Received:
    4,239
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +8,147
    WHY post such a prophecy? Does N... hope a real estate failure will cause Obama to be deemed a failure? Or that a real estate collapse will benefit his political ideology?
    Fear is an effective 'antidote' for success, and perveyors of fear have their best interest at heart. Country first maybe their slogan, but much as their rhetoric, it too is bull shit.
     
  4. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Trust you to shoot the messenger. How pathetic.

    Most economists are saying there are more problems to come. Better to know about them than pretend it's not happening, fool.
     
  5. Annie
    Offline

    Annie Diamond Member

    Joined:
    Nov 22, 2003
    Messages:
    50,847
    Thanks Received:
    4,644
    Trophy Points:
    1,790
    Ratings:
    +4,770
    I thought it was the other way around?
     
  6. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    That is what you are supposed to think.
     
  7. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    31,736
    Thanks Received:
    4,239
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +8,147
    Fool? "Most economists..." Isn't that like a lead in to a Fox News story, "Some people are saying...".
    The fact is CG, Economics is a soft science, inject fear into any economic theory and fear changes the equation.
    Trust YOU to shoot the messenger - from they keyboard of a pathetic hypocrite.
     
  8. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Sweet idiot, I work with economists. A huge proportion of my work is writing about economics. I doubt very much that I can learn anything of any relevance from you - considering I hang out with some of the top economists on the planet almost every week.
     
  9. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    31,736
    Thanks Received:
    4,239
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +8,147
    Sure you do dwiddle, sure you do.
    Thanks for sharing.
     
  10. Zander
    Online

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,437
    Thanks Received:
    6,573
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,866
    [​IMG]
     
    • Thank You! Thank You! x 1

Share This Page