Tag Archives: Mortgage Backed Securities

Burning Down the House: What Caused Our Economic Crisis? Bombshell

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This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices randomly, inviting speculation and baggy lending practices which were both condoned and positive by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac. Aside from ripping the corporate goons in the media, please be respectful in your observations. Thanks. Obama Bombshell Redistribution of Wealth Audio Uncovered

THE UGLY TRUTH: TECH BUBBLE LED TO HOUSING.

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www.beet.tv The technology boom of the late nineties, and its subsequent bust in 2000, led institutions to make exotic financial instruments to duplicate the steep gains loved during the boom, says professor John H. Vogel Jr, a real estate expert at the Tuck School of Business at Dartmouth. Earlier this month I sat down with Professor Vogel at the Tuck School in Hanover, New Hampshire. He clarifies how the tech bubble lead to the housing bubble with mortgage-backed securities, and why the housing bubble burst. Yesterday, I interviewed Alan Murray, Deputy Managing Editor of the Wall Road Journal, on this very topic. He also sees the Wall Road carnage resulting from the pressure from investors seeking to replicate the huge gains during the tech boom times. We will post our interview with Alan shortly today. — Andy Plesser, Executive Producer Disclaimer: The Tuck School of Business at Dartmouth is a public relations client of Plesser Holland.

Which Candidate Would Have Insured the Refinancing of Mortgages Instead of Just Giving Money to JP Morgan?

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refinancing

I am of course talking about how the government guaranteed the worthless mortgage backed securities of Bear Stearns so that JP morgan would buy them out, instead of guaranteeing the refinancing of the mortgages. That would reduce the interest rate of the refinances so that Bear Stearns’ mortgage backed securities would have value. Same effect, and possibly we would not have to give all of the money away to Bear Stearns. A lot of those people would keep their homes and pay back the mortgage.

I am not talking about refinancing people that cannot meet the deprivation of it, just those that could meet the deprivation of it.

Warren Buffett: Distressed Assets a Great Investment

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Warren Buffett says that distressed assets are a fantastic investment in an interview with Charlie Rose. He talks about Mortgage-Backed Securities, the government bailout. He says if you buy distressed assets at distressed prices, you will make money. He also mentions his confidence in the US economy over time, and closes with his classic quote: “You want to be greedy when others are fearful, you want to be fearful when others are greedy.”

East Coast Economic Update: June 11, 2009

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Here is the information you need today: 1. Bonds Shooting up toward collapse of the Dollar: www.bloomberg.com 2. The Entire USA, has lost a combined wealth of 1.3 Trillion this quarter alone, via Fed.: www.bloomberg.com 3. The CIA is looking for a number of people with Financial backgrounds in cdos, Mortgage Backed Securities, and Bonds. Why????? You map it out: www.cia.gov 4. Half Past Creature: www.halfpasthuman.com 5. Glenn Beck is a Shill! Boycott him for this alone: www.youtube.com