Sun, 10 Feb 2013, 9:21am PST
Facebook Stock PE 1800x earnings
LinedIn Stock PE 790x earnings
the same was true with housing both during 2000 to peak years and even today.
There wont be much of a lawsuit regards bogus ratings. whats your basis for "ratings".. insane to buy. but main-street has this addiction to throw the dice and bet the whole house, they have no interest in ratings and any measures of fundamental valuations.
Sun, 10 Feb 2013, 10:00am PST
whats your basis for "ratings"..
It's pretty obvious--they were rating the credit worthiness of the homeowners. And they should have been able to figure out that a good percentage of the loans were crap and rated them accordingly.
Sun, 10 Feb 2013, 10:12am PST
It's pretty obvious--they were rating the credit worthiness of the homeowners.
real estate always go up.. and you have the Govt to cry to if things don't go well.
try to tell someone there is a "RE bubble" back in 2000 to 2008.. good luck!
try to tell someone RE prices in South CA fell by as much as 40% from 1989 to mid 90s... all you get is utter denial of such events. I still see it today...
realistically speaking, the home buyers like so many decades past were OK with their
income and credit history .. it was the price of the home which skyrocketed ... yet the
homes didnt change ! We had bogus pricing !!!
Sun, 10 Feb 2013, 8:19pm PST
a nice way for you do totally ignore all the irrational pricing everyone was
Yes, I'm also ignoring the price of tea in China. You know why? Because it is meaningless with respect to the topic of this thread.
If anything, the fact that pricing was so irrational should have made it easy for Moody's to apply harsh ratings to the securities.
Debt Is Slavery