tag:blogger.com,1999:blog-8282587.post8072864248914592957..comments2024-03-19T01:48:39.709+00:00Comments on Power and Control: Total LossM. Simonhttp://www.blogger.com/profile/09508934110558197375noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8282587.post-88248026417136464402010-08-26T23:34:26.051+00:002010-08-26T23:34:26.051+00:00Not disagreeing with that, Simon. Maybe I can answ...Not disagreeing with that, Simon. Maybe I can answer my own question. <br /><br />If these were the variable rate loans, is that where the speculation enters the picture? Purchasers of the bundles looking to profit as rates were jacked up? I'm an innocent bystander in these matters. I'd never take out a vrm in the first place, and don't pretend to understand the more arcane manipulations.<br /><br />Regardless, they should have been allowed to fail instead of being bailed out. Let them bear the burden of their risk taking. Simple as that, to a linear thinker.linearthinkerhttps://www.blogger.com/profile/05201292791445921817noreply@blogger.comtag:blogger.com,1999:blog-8282587.post-42090106725311566172010-08-26T23:18:44.017+00:002010-08-26T23:18:44.017+00:00Greed is often sufficient motive.Greed is often sufficient motive.M. Simonhttps://www.blogger.com/profile/09508934110558197375noreply@blogger.comtag:blogger.com,1999:blog-8282587.post-16248008391299481942010-08-26T20:21:40.716+00:002010-08-26T20:21:40.716+00:00I need help. The negatives associated with the bun...I need help. The negatives associated with the bundling are obvious in hindsight, and would seem to me to have been equally obvious going in. <br /><br />What was the incentive to buy a pig in a poke in the first place? These were not rubes doing the trading. <br /><br />Something really smells.linearthinkerhttps://www.blogger.com/profile/05201292791445921817noreply@blogger.comtag:blogger.com,1999:blog-8282587.post-42506414466322571132010-08-23T15:55:42.976+00:002010-08-23T15:55:42.976+00:00Mortgage securitization is several bad ideas packa...Mortgage securitization is several bad ideas packaged together. Most of them can be lumped together as "buying a pig in a poke".<br /><br />Trancheing means that the security doesn't even represent <i>intact</i> mortgages, but "slices" of mortgages.<br /><br />And now this. It sounds like trying to foreclose on the property behind securitized mortgages is throwing good money after bad.LarryDhttps://www.blogger.com/profile/10955273945502612268noreply@blogger.comtag:blogger.com,1999:blog-8282587.post-64213068947752386812010-08-21T01:52:44.927+00:002010-08-21T01:52:44.927+00:00This has to be the most stupid financial mistake i...This has to be the most stupid financial mistake in history. Sorry to say, the usual laws are pretty clear about transfer of title. If you don't register and lose the trace, you can't prove that you are entitled to anything. Therefore you screwed yourself and your trusting stockholders but good.J Carltonhttps://www.blogger.com/profile/02024996022541795571noreply@blogger.com