About tatupu70

tatupu70


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In United States
Registered Sep 22, 2009

tatupu70's most recent comments:

  • On 21 Oct 2014 in Deficiency Judgements (Post- Foreclosure), tatupu70 said:

    mell says

    Yeah, by TBTFs who were assured the bailouts.

    Ah--so I'm assuming there was a list of TBTF banks that was well known beforehand?

    mell says

    Being able to acquire an asset without any of your own cash results in => moral hazard

    Not true--if you are on the hook for the loss, regardless of how much cash you put up, you've still got skin in the game. Regardless, what assets did banks acquire with no cash?

    mell says

    Being able to lend money backstopped by the taxpayer results in => moral hazard

    Again--not true. If I told you that you could loan out $1MM to whoever you wanted and if it went bad, I would LOAN you an additional amount sufficient to keep you from going bankrupt--do you think that is moral hazard? Does that encourage you to make risky loans? You've still LOST $1MM.

    mell says

    There's no reason for people to be honest anymore or have morals in business transactions if they look at the Fed/government and banks for an example.

    Complete BS.

  • On 21 Oct 2014 in Deficiency Judgements (Post- Foreclosure), tatupu70 said:

    mell says

    That's called tail risk and the Fed and the government have removed it, leading to moral hazard and dislocations/distortions as well as wealth inequality

    Complete and utter hogwash. Do you think that if you continue to rehash BS, it makes it more true??

    How is it moral hazard--banks lost HUGE amounts of $$. Lehman went under. IndyMac went under. Several were acquired at fire sale prices.

    Do you know what moral hazard is??

  • On 21 Oct 2014 in Deficiency Judgements (Post- Foreclosure), tatupu70 said:

    I miss Nomograph. I expected to see a post asking where his free house was...

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