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First the SEC and now California. What's going on with Fannie Mae and Freddie Mac? What should Obama do about this?
Ask JpMorgan Chase and Congress, Dodd-Frank, as they all worked in collusion to create 14 trillion dollars in derivatives fraud and caused this meltdown.
Also every state AG and comptroller is now suing WaMu, Wells, and Chase...everyone with mortgage issues and loan modification fraud (it never existed in statutory form,was a PR fraud) should call their state Attorney General.
I was clearly discussing who was BUYING the mortgages. Hell, I even put it in capital letters for you.
I know, and that is indicative of your inability and stubborn unwillingness to see the bigger picture. Who buys the mortgages isn't important. What's important is that the risk is guaranteed by the government.
I know, and that is indicative of your inability and stubborn unwillingness to see the bigger picture. Who buys the mortgages isn't important. What's important is that the risk is guaranteed by the government.
Who's buying the mortgage is absolutely important, without them there wouldnt have been mortgage issued.
I find it funny you run around telling me that I'm unwilling to see the bigger picture, while you want to ignore the bigger picture
Who's buying the mortgage is absolutely important, without them there wouldnt have been mortgage issued.
"Someone" buys the mortgage in a private system, or public system.
So no, it isn't an important distinction to be making.
What's important is what happens when the homeowner stops paying the mortgage.
Quote:
I find it funny you run around telling me that I'm unwilling to see the bigger picture, while you want to ignore the bigger picture
Yes, your ignorance is a just riot. That's why I take you off ignore every once and a while just to remind myself what that level of thinking is like.
So if you're wondering why I so rarely reply to you lately, it is because all I see is this: pghquest
This message is hidden because pghquest is on your ignore list.
"Someone" buys the mortgage in a private system, or public system.
We dont live in a public system. Debt needs to be moved in order to continue funding new debt. Completely and utterly ridiculous statement for you to make. even if the federal government decided to buy and hold the debt, they'd need to issue new debt in order to fund the transactions and thus the buyer of debt STILL becomes important.
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Originally Posted by Cletus Awreetus-Awrightus
So no, it isn't an important distinction to be making.
So its not important if people arent buying the mortgages? Then where the hell do you think the money will come from to continue loaning more? If I have $1M to loan, and I loan it to you, that means I dont have $1M to loan out to someone else unless I resell that debt
Quote:
Originally Posted by Cletus Awreetus-Awrightus
What's important is what happens when the homeowner stops paying the mortgage.
Could it get any more ignorant? The whole real estate "bubble" took place without home owners stopping to pay their mortgage. Home owners didnt stop paying until AFTER it burst. AFTER the debt was liquidated by buyers of the debt. It absolutely does matter who is buying the mortgages and under what terms and you saying otherwise while telling me to look at the whole picture is utterly astoundingly stupid.
Quote:
Originally Posted by Cletus Awreetus-Awrightus
Yes, your ignorance is a just riot. That's why I take you off ignore every once and a while just to remind myself what that level of thinking is like.
More likely you take me off ignore because you are tired of saying stupid things and want to see how people like me are making fun of your postings. Call it self abuse.
Quote:
Originally Posted by Cletus Awreetus-Awrightus
So if you're wondering why I so rarely reply to you lately, it is because all I see is this: pghquest This message is hidden because pghquest is on your ignore list.
Oooh goodie, then I wont need to read you responding to my laughs at you saying stupid things all the time like this
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Banks being reigned in by Federal cases
