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For every buyer of a derivative, there was a seller, adding money to one persons pocket and removing it from someone elses, doesnt create an economic collapse either.
Hardly.
Look at losing a derivative's notional amounts - especially when tied to other trades.
Wait for it. Here comes the "Don't you know I own an investment company!" screech.
Quote:
Originally Posted by pghquest
And left wingers like to ignore that it was Democrats calling to reduce the ridiculously low 3% equity rations on bank lending standards for mortgages.. It was Democrats out there wanting to give mortgages to everyone, regardless of qualification etc.
Sigh.... I'll leave the partisan blame game in financials to partisan hacks unable to objectively analyze.
Having lived in a Communist country,I learned there are always going to be those who choose to believe Pravda or its contemporary version in pretty much any society.
The unemployment numbers are great only if you consider the tens of millions of working-age adults who have exited the labor market to be negligible.
If seeing it as NEUTRAL helps you understand it, so be it. No one trades in a vacuum.
Of course no one trades in a vacuum, which is why it was completely laughable that Democrats would ridicule Bush and the GOP for wanting to raise the equity standards from 3%, stating the economy was never going to crash, housing always rises and that there shouldnt be ANY cushion..
They claimed auditors who warned of an oncoming economic collapse 6 years before it happened, was fear mongering in order to expand governmental regulations and to slow down the economy.
Back to the actual topic, the BLS reports that real weekly wages went up 0.7% last month.
yes, because as economies improve, you get more demand for labor and it results in wages increasing, WITHOUT government mandating it.. Amazing, isnt it?
yes, because as economies improve, you get more demand for labor and it results in wages increasing, WITHOUT government mandating it.. Amazing, isnt it?
Actually, the biggest real weekly wage increase of the year was January, when all of the new year's minimum wage hikes took place.
No established credit history = no FICO score = sub-prime, high-risk
Where in that study did it say the GSEs would buy any loan?
"most flexible underwriting criteria"
Even your quote talks about a criteria. What happens to the loans that don't meet the criteria? Do you believe the GSEs would buy them?
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