http://dealbreaker.com/2008/10/the-circle-is-completed/ Wall Street Insider – Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks Fri, 10 Feb 2012 18:49:48 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171992 Novice Tue, 14 Oct 2008 05:48:48 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171992 @16 But it is such a pretty warehouse. @16 But it is such a pretty warehouse.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171991 guest Tue, 14 Oct 2008 01:35:47 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171991 What is this all about? Everybody knows the world revolves around the US What is this all about? Everybody knows the world revolves around the US

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171990 guest Tue, 14 Oct 2008 01:28:45 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171990 @24 I do not think you read that much. probably none at all. These crappy loans called toxic, were made on crappy houses that were over valued, then agreed by people that had no business buying a house. This is similar to the practice of check cashing outlets that charge a high fee to cash a check, then also charge 300% for a payday loan. These places are probably franchised by the same people on WALL Street that sold this toxic crap around the world Again, God punishes people who get rich on poor people. Its a universal law, either you will get it now or later, your choice. @24
I do not think you read that much. probably none at all. These crappy loans called toxic, were made on crappy houses that were over valued, then agreed by people that had no business buying a house.
This is similar to the practice of check cashing outlets that charge a high fee to cash a check, then also charge 300% for a payday loan. These places are probably franchised by the same people on WALL Street that sold this toxic crap around the world
Again, God punishes people who get rich on poor people. Its a universal law, either you will get it now or later, your choice.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171989 guest Mon, 13 Oct 2008 22:04:15 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171989 germans are apportioning about 400 billion euros for their banking bailout. If you convert that to dollars, and then adjust for the relative size of the US economy vs. Germany... it comes out to about the same as if we were ponying up $2.7 trillion. anyone know the German word for schadenfreud? germans are apportioning about 400 billion euros for their banking bailout.
If you convert that to dollars, and then adjust for the relative size of the US economy vs. Germany… it comes out to about the same as if we were ponying up $2.7 trillion.
anyone know the German word for schadenfreud?

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171988 guest Mon, 13 Oct 2008 21:42:10 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171988 24 Actually a lot of those "chimps" didn't know that. They had no problem carrying the loan at the beginning of it life. The later step ups are what killed them. Do you honestly think they clearly understood the range of possible outcomes? If not, then the lending was deceptive. And in the meantime, those that extended the loans and those that packaged them and sold them made a fortune. 24 Actually a lot of those “chimps” didn’t know that. They had no problem carrying the loan at the beginning of it life. The later step ups are what killed them. Do you honestly think they clearly understood the range of possible outcomes? If not, then the lending was deceptive. And in the meantime, those that extended the loans and those that packaged them and sold them made a fortune.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171987 guest Mon, 13 Oct 2008 21:20:24 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171987 15 You can thank Barney Frank and Chris Dodd for pushing through legislation "encouraging" FNM and FRE to buy crappy mortgages just to "help" the little guy . They were the biggest enablers of a flawed ideology , to give the American dream to people who can't afford it People who can't afford homes should rent , there's nothing wrong with that. And , Quit blaming Wall Street for all of the woes in the world . Without the help of Frank and Dodd , and the Republicans who allowed the B/D's to change their leverage and not regulate these idiots , the whole mess wouldn't have happened. This is as much a Washington, D.C. screwup as it is a Banking , Wall Street , and Mortgage broker problem --- and of course , the CHIMPS who received these mortgages knowing that they could/would never pay them back are innocent ?!?!?!? 15
You can thank Barney Frank and Chris Dodd for pushing through legislation “encouraging” FNM and FRE to buy crappy mortgages just to “help” the little guy . They were the biggest enablers of a flawed ideology , to give the American dream to people who can’t afford it
People who can’t afford homes should rent , there’s nothing wrong with that.
And ,
Quit blaming Wall Street for all of the woes in the world . Without the help of Frank and Dodd , and the Republicans who allowed the B/D’s to change their leverage and not regulate these idiots , the whole mess wouldn’t have happened.
This is as much a Washington, D.C. screwup as it is a Banking , Wall Street , and Mortgage broker problem — and of course , the CHIMPS who received these mortgages knowing that they could/would never pay them back are innocent ?!?!?!?

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171986 guest Mon, 13 Oct 2008 20:59:48 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171986 15 moron 19 jackoff 15 moron
19 jackoff

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171985 guest Mon, 13 Oct 2008 20:59:33 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171985 15 moron 15 moron

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171984 guest Mon, 13 Oct 2008 20:59:24 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171984 15 moron 15 moron

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171983 guest Mon, 13 Oct 2008 20:57:53 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171983 # 9 @hole # 9
@hole

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171982 guest Mon, 13 Oct 2008 20:54:33 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171982 18 Not 9 here, but with regard to "guy made a bet, took risk and lost": that's not exactly end of story. What you fail to point out is that he also came here and started whining about it. Which is why he's being called a loser. 18 Not 9 here, but with regard to “guy made a bet, took risk and lost”: that’s not exactly end of story. What you fail to point out is that he also came here and started whining about it. Which is why he’s being called a loser.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171981 guest Mon, 13 Oct 2008 20:33:44 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171981 @9 - the guy made a bet - took risk and lost - you on the other hand sound like some envious wannabe lurking financial sites to be a playa - take some risk and get a life - @9 – the guy made a bet – took risk and lost – you on the other hand sound like some envious wannabe lurking financial sites to be a playa – take some risk and get a life -

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171980 guest Mon, 13 Oct 2008 19:57:56 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171980 #15. They aren't getting "what they deserve", they have their money out of the country or they sold their house and went to all cash more than a year ago. The middle class, as usual will bear all the burdens. #15. They aren’t getting “what they deserve”, they have their money out of the country or they sold their house and went to all cash more than a year ago.
The middle class, as usual will bear all the burdens.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171979 guest Mon, 13 Oct 2008 19:56:01 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171979 15: Um, making money off poor people is pretty much the definition of "society." If this really invited God's wrath a certain warehouse in the middle of Rome full of priceless art (which happens to also have a few offices for priests) would have been hit by a comet by now. 15: Um, making money off poor people is pretty much the definition of “society.” If this really invited God’s wrath a certain warehouse in the middle of Rome full of priceless art (which happens to also have a few offices for priests) would have been hit by a comet by now.

]]> http://dealbreaker.com/2008/10/the-circle-is-completed/comment-page-1/#comment-171978 guest Mon, 13 Oct 2008 19:51:00 +0000 http://wp.dealbreaker.com/2008/10/the-circle-is-completed/#comment-171978 This is what happens when you try to screw the poor with crappy mortgages, part of the problem but still making money off of poor people invites God's wrath in any society. It does not matter what you believe. Greedy people usually get what they deserve. This is what happens when you try to screw the poor with crappy mortgages, part of the problem but still making money off of poor people invites God’s wrath in any society. It does not matter what you believe.
Greedy people usually get what they deserve.

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