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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
Wow, this is such a complex topic! I'll make it simple with one word, VOLUNTARY.
Jimbo |
#2
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
[ QUOTE ]
Wow, this is such a complex topic! I'll make it simple with one word, VOLUNTARY. Jimbo [/ QUOTE ] The way I hear them talking it sounds like something more than voluntary being proposed. No one could object to voluntary which would be mostly meaningless anyway. What Paulson is proposing evidently has enough teeth to have gotten the market pretty excited about the financials today. PairTheBoard |
#3
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
[ QUOTE ]
[ QUOTE ] Wow, this is such a complex topic! I'll make it simple with one word, VOLUNTARY. Jimbo [/ QUOTE ] The way I hear them talking it sounds like something more than voluntary being proposed. No one could object to voluntary which would be mostly meaningless anyway. What Paulson is proposing evidently has enough teeth to have gotten the market pretty excited about the financials today. PairTheBoard [/ QUOTE ] Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor. A good example is the fact that AT$T and apple will release a 3G version of the I-Phone early next year. This was already common knowledge yetwhen a newspaper published it RIMM dropped from $124 to almost $112 today. Hardly a rational percentage change on this projection. Jimbo |
#4
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
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Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor. [/ QUOTE ] How do those top bankers voluntarily freeze rates on mortages infused in fixed income bundles held by a broad world wide spectrum of investment fund entities? Are the top bankers going to volunteer to eat the interest rate differential they are volunteering away for the investors who actually hold the mortgages? PairTheBoard |
#5
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
[ QUOTE ]
[ QUOTE ] Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor. [/ QUOTE ] How do those top bankers voluntarily freeze rates on mortages infused in fixed income bundles held by a broad world wide spectrum of investment fund entities? Are the top bankers going to volunteer to eat the interest rate differential they are volunteering away for the investors who actually hold the mortgages? PairTheBoard [/ QUOTE ] Guess you missed my main point, it is an idea, not a substantative solution with an effective means of accomplishing the stated goal. That is why I said the market rose without any solid reason other than hearing something they wanted to hear. On a side note this is why David Sklansky is wrong anout the general market being more right than someone who analyzes a stocks value with total disregard for it's price but he always wants to talk about bookies and football lines rather than admitting his mistake. Jimbo |
#6
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor. [/ QUOTE ] How do those top bankers voluntarily freeze rates on mortages infused in fixed income bundles held by a broad world wide spectrum of investment fund entities? Are the top bankers going to volunteer to eat the interest rate differential they are volunteering away for the investors who actually hold the mortgages? PairTheBoard [/ QUOTE ] Guess you missed my main point, it is an idea, not a substantative solution with an effective means of accomplishing the stated goal. That is why I said the market rose without any solid reason other than hearing something they wanted to hear. On a side note this is why David Sklansky is wrong anout the general market being more right than someone who analyzes a stocks value with total disregard for it's price but he always wants to talk about bookies and football lines rather than admitting his mistake. Jimbo [/ QUOTE ] http://paul.kedrosky.com/archives/20...s_underst.html |
#7
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Re: Paulson\'s Plan to Freeze Mortgage Adjustments
Obviously the details havne't been disclosed yet. I've heard this option could be available for people who have not been delinquent on their payments and would allow you to freeze your rate for upto... 7 YEARS!!!! Utterly ridiculous. This would only prolong the problems and create even more unfordable housing.
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