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Whoop-de-fucking-do.And your small localized market is representative of the national market, and banking policy and procedure in what way?That's the most bizarre post I have ever seen.
I look at the number of REOs on the market every single day.
The percentage has not changed in my area in 3 years.
You really don't know what you are talking about.
In every way.
2 million people live here.
Kind of hard to buy a house if you're out of work, though..
Agreed. The economy is lurching to some degree of stabilization and will continue to do so in 2010.
We could be settling into a pattern of 7-8% unemployment for the next year or two.
If 2010 swings toward the Republicans, then further stabilization will develop.
If not, I fear things could get very scary with a double-dip recession...
Whoop-de-fucking-do.And your small localized market is representative of the national market, and banking policy and procedure in what way?
In every way.
2 million people live here.
I did prospecting for various deals in four states over the last 11 months....All had very different markets for differing kinds of deals.
But that's the difference between people who get out in the world looking for any possible deal, and those who park their asses in an agency waiting for the section 8s to straggle in the door.
Kind of hard to buy a house if you're out of work, though..
Agreed. The economy is lurching to some degree of stabilization and will continue to do so in 2010.
We could be settling into a pattern of 7-8% unemployment for the next year or two.
If 2010 swings toward the Republicans, then further stabilization will develop.
If not, I fear things could get very scary with a double-dip recession...
LOL!!!!!! Who the hell created this debacle in the first place? The damned Republicans, that is who! And we are not going to let them forget it.
A bold faced lie.Kind of hard to buy a house if you're out of work, though..
Agreed. The economy is lurching to some degree of stabilization and will continue to do so in 2010.
We could be settling into a pattern of 7-8% unemployment for the next year or two.
If 2010 swings toward the Republicans, then further stabilization will develop.
If not, I fear things could get very scary with a double-dip recession...
LOL!!!!!! Who the hell created this debacle in the first place? The damned Republicans, that is who! And we are not going to let them forget it.
Kind of hard to buy a house if you're out of work, though..
Agreed. The economy is lurching to some degree of stabilization and will continue to do so in 2010.
We could be settling into a pattern of 7-8% unemployment for the next year or two.
If 2010 swings toward the Republicans, then further stabilization will develop.
If not, I fear things could get very scary with a double-dip recession...
LOL!!!!!! Who the hell created this debacle in the first place? The damned Republicans, that is who! And we are not going to let them forget it.
But those mortgages don't exist anymore.
You don't know much about the real estate market, do you?
You stupid phony MF...the loans do in fact STILL exist...wasn't it YOU bitching like a 6 year old girl who got her Bratz dolls taken away that the banks weren't lending any money to anyone?
I love it when you lie and make things up.
There are no more "no doc" loans.
And I NEVER had any trouble finding loans.
I know plenty about the market.....And people who have no ability to manage their finances are jumping into the market, because they're getting "free" money to do so.Easy and below-natural-market-rate credit, extended to people who eventually weren't be able to pay of the mortgages, is what got us into this problem, you insane nitwit.
But those mortgages don't exist anymore.
You don't know much about the real estate market, do you?
Giving away money to people who have no ability to manage it in the first place, to purchase something that requires decent money management skills, is a recipe for disaster.
But as long as you get your cut of the graft in your commissions, everything is A-OK, huh?
A bold faced lie.Agreed. The economy is lurching to some degree of stabilization and will continue to do so in 2010.
We could be settling into a pattern of 7-8% unemployment for the next year or two.
If 2010 swings toward the Republicans, then further stabilization will develop.
If not, I fear things could get very scary with a double-dip recession...
LOL!!!!!! Who the hell created this debacle in the first place? The damned Republicans, that is who! And we are not going to let them forget it.
A bold faced lie.LOL!!!!!! Who the hell created this debacle in the first place? The damned Republicans, that is who! And we are not going to let them forget it.
Not really.
Phil Gramm snuck an amendment into a spending bill on the day before Christmas recess that deregulated the financial industry that helped create the $516 TRILLION DOLLAR derivative bubble that destroyed the economy.
As chairman of the Senate Banking Committee from 1995 through 2000, Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played a leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street. He also inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives like credit-default swaps from regulation by the Commodity Futures Trading Commission. Credit-default swaps took down AIG, which has cost the U.S. $150 billion thus far
Read more: Phil Gramm - 25 People to Blame for the Financial Crisis - TIME
Phil Gramm - 25 People to Blame for the Financial Crisis - TIME
A bold faced lie.
Not really.
Phil Gramm snuck an amendment into a spending bill on the day before Christmas recess that deregulated the financial industry that helped create the $516 TRILLION DOLLAR derivative bubble that destroyed the economy.
and when...PRECISELY did this happen?
