4.9% GDP.. Recession immanent..

[uscitizen]

Jully 2007 was the peak of the market. then they eliminated the uptick rules essentially opening the floodgates for short sellers to make money and drive the stock market down.

So even if the government does not regulate someone has to protect the stupid mass from themselves ?

 

[Chapdog]

So even if the government does not regulate someone has to protect the stupid mass from themselves ?

im not an advocate for deregulation, in fact i think we need way more. You cant trust people without rules. Period.

 

[uscitizen]

im not an advocate for deregulation, in fact i think we need way more. You cant trust people without rules. Period.

Yep.

 

[Whomever]

Interesting to review some of these old threads.

 

[Beefy]

So essentiall what you are saying is that you are going to ignore everything I have written and continue to post the same bullshit that shows your complete lack of understanding of the mortgage market? Understood. Then I shall discontinue wasting my time trying to help you understand how simplistic and moronic you are being on this topic.

and I am saying you are an idiot for believing that.

1) The 1, 3 and 5 yr ARMs are ALL averaging more than the 15 year fixed.... does that reflect the fed cuts moron?

2) While NEW ARMs do come down for investment grade borrowers as the fed cuts rates.... OLD ARMS (especially sub prime) do not necessarily move with the Fed. Do you understand the difference between the OLD ARMs and the NEW ones or do I need to spell that out for you too?

3) to state this clearly so that even you, oh master MBA guru teacher, can understand..... The fed cutting rates does not do much to solve the credit crunch. If credit is not issued from the lenders to the sub prime borrowers, then it matters not what the Fed does.

SuperFreak is the man. It takes the guy forever to pay up when he loses a bet, but history shows he's won this one.