dagblog - Comments for "Bernanke & Fed Aim To Speed Foreclosures, Make them Faster, Easier For Banks"

What, me worry?

we are stardust — Fri, 03 Dec 2010 20:16:17 +0000

What, me worry?

Thanks!Not to worry about

NCD — Fri, 03 Dec 2010 19:59:58 +0000

In reply to NCD, Dylan Ratigan covered

Thanks!

Not to worry about home foreclosures, on our 10th Christmas in Afghanistan, Obama say the momentum is changing, the Taliban are on the run......

NCD, Dylan Ratigan covered

we are stardust — Fri, 03 Dec 2010 15:08:10 +0000

In reply to Bernanke & Fed Aim To Speed Foreclosures, Make them Faster, Easier For Banks

NCD, Dylan Ratigan covered the issue last night:

http://www.msnbc.msn.com/id/31510813/#40480146

Double-Arrrrgggghhhh!

Some poster at Econbrowser

Donal — Fri, 03 Dec 2010 03:25:41 +0000

In reply to I sincerely hope it's okay,

Some poster at Econbrowser rewrote it to reflect James Hamilton's critique, but it was rather boring.

Welcome. You likely know all

we are stardust — Fri, 03 Dec 2010 03:24:50 +0000

In reply to Great video, I hadn't seen

Welcome. You likely know all about this, given you know more than I about finance, but:

http://dagblog.com/reader-blogs/bill-indemnify-mers-retroactively-7478

And a bit o' Presidential humor:

http://dagblog.com/reader-blogs/obama-modern-us-president-7292

Great video, I hadn't seen

NCD — Fri, 03 Dec 2010 03:00:23 +0000

In reply to I sincerely hope it's okay,

Great video, I hadn't seen it! thanks-

I sincerely hope it's okay,

we are stardust — Fri, 03 Dec 2010 02:25:19 +0000

In reply to Bernanke & Fed Aim To Speed Foreclosures, Make them Faster, Easier For Banks

I sincerely hope it's okay, NCD, to post this video again. Matt Stoller was freaking thrilled that it got over 3 million hits, even though it got complaints from the Fed for accuracy, and others 'rewrote it' to reflect that. Feh! Forgive me if that's in order, but I posted it here at dagblog, and it never made it to the center aisle (perhaps too controvertial, or not something-enough. Anyhoo, it seems more relevant than EVER today:

Fascinating. Good sleuthing.

Michael Maiello — Thu, 02 Dec 2010 22:23:31 +0000

In reply to Greenspan, May 20, 2005:A

Fascinating. Good sleuthing.

Greenspan, May 20, 2005:A

NCD — Thu, 02 Dec 2010 22:17:50 +0000

In reply to I'm curious about that too.

Greenspan, May 20, 2005:

A national bubble is unlikely because the U.S. real estate market is composed of individual regions with different pricing trends, making a collapse that damages the overall economy unlikely, Greenspan said. Home purchases and sales also have high transaction costs, making it hard to speculate...There is ``considerable unlikelihood of a major decline'' in prices because that's ``very rare'' in the U.S., Greenspan said.

Dumb, or deceitful and doesn't give a crap about any economy but his own? I go with the last two.

I'm curious about that too.

Michael Maiello — Thu, 02 Dec 2010 20:56:07 +0000

In reply to The fact that they started

I'm curious about that too. On the side of "they knew" is the notion that they were surely aware that the rise in home prices was propping up the consumer economy. Heck, Greenspan told people to get floating rate mortgages. He encouraged them to refi at lower rates and he kept rates low to make it possible.

Evidence against is "no bubble" public statements and the fact that a double digit national home price drop hadn't happened in the post war economy, leading many to believe it would never happen. I wonder if they didn't think the crashes would be localized to the most over-developed states like California, Nevada, Florida and other parts of the sunbelt which still would have been big enough to do what you're suggesting.