invite response« First « Previous Comments 129 - 140 of 140 Search these comments
OO Says:
I do plan to visit Brazil sometime in 2009, this is one country that intrigues me. Too bad that I am already married, I heard that Brazilian girls are very attractive
Nice place, Rio is fun, but Brasilia was amazing for an architecture-geek like me. http://www.geocities.com/thetropics/3416/imagenes.htm
OO,
No clue about the Maiden Lane LLC shenanigans. I thought the JPM BS was all covered in H.4.1 under "other credit extensions". See the H.4.1 report from March 20.
The release also includes data on other credit extensions. This category includes credit extensions such as the arrangements involving JPMorgan Chase & Co. and The Bear Stearns Companies Inc. that were approved by the Board of Governors on March 14, 2008, and March 16, 2008. That line item has been zero for quite some time after some initial borrowing that went on. I guess Maiden is all about the Feds "limited liability" from the BS deal.
Yesterdays TSLF auction fell off only slightly, so we should still be above $100 billion next week.
thenuttyneutron
2008 Jul 4, 10:51am
I agree Bap. When asked to fill in my "race" on a form, I always select other and write in human.
DennisN
2008 Jul 4, 10:23pm
I am me as you are he as you are we and we are all together....I am the walrus!
DennisN
2008 Jul 5, 1:07am
Ooch ooch achook......it's Duke!
(That's my kitty Duke, not the poster here.)
justme
2008 Jul 5, 11:22am
Oh, TOB, maybe you are just joking, but there is someone by that name listed in Wikipedia.
Is that you :-)?
justme
2008 Jul 6, 12:15am
Bap33,
When I said, "I would not have guessed that", I was thinking along the same lines as TOB and stereotyping your views and writing as more likely to come from a white person. Apart from that, no offense intended.
thenuttyneutron
2008 Jul 6, 1:38am
I have always tried to find reasons why trailers are looked down upon with such disdain. It all has to do with the 11:00 PM news stories about the redneck that beat up his wife/ blew his hand off with a firecracker/ discharged his firearms in the air while in a drunken rage.
My only problem with a trailer is with the tornado dangers. If you can solve this issue with a storm cellar, the trailer can be one of the cheapest methods of providing housing for yourself.
I am debt free and currently live in a duplex with my landlord living next door. I pay a very small amount for it. I get crap at work for living in this place. I do admit that it is not the greatest place. The price however is right.
I sometimes want to compare net worths with these obnoxious assholes and see the difference.
« First « Previous Comments 129 - 140 of 140 Search these comments
From the image above, it looks like the bundling of mortgages into mortgage-backed bonds has pretty much disappeared, and that jumbo lending has suffered about as much as other kinds of lending.
So why the long delay between this implosion in lending and price falls in more expensive neighborhoods? Is it that richer people have been able to hold out longer? Prices are down only 10% to 15% in the better parts of Menlo Park, CA, but I would expect a bigger drop based on the dearth of willing lenders. Maybe it's just a matter of time.
Patrick
#housing