why we have ‘toxic assets’ floating around. because people bought up these ‘bundles’ and found out later that they were just a pile of stink.
Correct. However, when they bought these assets, they bought them by risk. The higher the risk, the higher the payback. Some were priced lower, others generated higher payback [interest] or whatever. This was a well understood transaction. It wasn’t until these “papers” went “unbuyable” due to the fact that no one could value that paper. And when those assets went “unbuyable” on the market, they had to be valued at zero. And when THAT happened, these large banks became over leveraged over night. And THAT is what caused them to fail.
Who sets the M to M?
Market.
Can I set the price on all the things I want to buy?
Clearly not. The same way in which a company can not set the price they want to sell things.
Can I rate my own portfolio and then sell myself at whatever wage I can dream up?
I don’t think so but Democrats do. –backhanded swipe at minimum wage laws–
They failed.
Capitalism is not without corrections. And painful ones. But the fact remains that Capitalism is the single best method for creating wealth and driving innovation and raising the standard of living for EVERYONE the world has ever known.
At this time, we (us liberals) are tired of war and killing. I’m not saying war is avoidable, but the Iraq war certainly was.
Hey, we are ALL tired of war and killing. And it’s heartening to know that you see war as unavoidable. And while I won’t say that GOING into Iraq was a mistake, not getting out sooner was. I really think that we screwed the pooch on the “after” part.
Hannity is too full of his own opinion to actually let his guests speak…
Truth be told, I haven’t heard one single conservative poster on alan.com defend rush, hannity, levin or savage. We know that these guys are entertainers bent on building ratings. They are at best cheerleaders and at worst, well, entertainers.
The bombers of the World Trade Center were American Citizens?
I refuse to degrade myself to this level of unamerican and uncivil debate.
Right.
If you cannot debate people like an adult than please remove yourself from all politics.
It’s not that I can’t. It’s that no one is debating. All I get from you is wishing and hoping. made up facts and opinion. If you wanna debate, then debate. But dear Lord, base it on facts.
the right thinks Democrats FORCED banks to give people loans who could not afford them,
Correct. And the Democrats did this.
while the left thinks that Wall Street FORCED Democrats AND Republicans to lower the to make more and more mortgages available for trading whether they were toxic or not, because they made a lot of money while passing around the hot potato.
I believe this is true as well. The mortgages were bundled and sold. However, they were sold in slices based on risk. Everybody knew what they were buying. What people DIDN’T know was that the method of accounting for the value of those things was going to change.
Now, I don’t think that Mark to Market was either a malicious thing or even a bad thing. Only that it was a thing that by changing it, caught a whole bunch of people off guard.
They help people get housing and the whole thing needs to be altered to better fit what we can and cannot do.
That is libtard for “They put people in homes who otherwise couldn’t afford them. Have no hope of paying for them. And there is no worry because the government will bail them out when they default on the loan.”
deregulation and deception is the cause
No. It was due to increased regulation –Banks forced to sell loans to people that had no hope pf paying them back–and changed regulation –Mark to Market–that caused this.
the first American Homeland Attack
The bombing of the World Trade Center didn’t occur in your world?
I always felt that it was Bush who pushed them to vote for their own Bush in 2005.
I’m sure you do. However, I think that it is America’s willingness to remove Saddam and create a peaceful democratic Iraq that has really began to pressure other free thinking citizens in the region to react.
don’t forget that obama was the largest single recipient of campaign donations from freddie and fanny.
Don’t worry about THAT one; I certainly won’t forget. However, you’d be hard pressed to get ANY of the liberals in here to even admit to that fact much less acknowledge any sort of quid pro quo.
As for the Fannie and Freddie, I’ll have to read it better in the morning, but they have always been “muckin’ in the markets” for the last ten years at least.
Any insight on this one? Can we at least agree that Fannie and Freddie both escaped Obama’s new regulations and they are continuing to force lending to people who can’t afford the note?
Now that reason is restored, they can pursue more freedom again, like Lebanon
I disagree that it is this “new reason”. I really think that it has been the overthrow of Saddam and the free and fair elections of Iraq that have given rise to this feeling of freedom. We are seeing it in Lebanon, we see it with Syria pulling back. The general feeling that freedom is within grasp to the Iranian people is a direct result of a free Iraq.
Obviously Cheney was the brains behind the criminal B*sh regime, and Dubya was just the sock puppet who was there to appeal to the religious fundamentalists.
How much of your life is just, literally, made up facts?
Biden is not president. He can say a lot of stuff and it doesn’t hold the weight of the Office of the President. Let the Biden roll, Obama is in charge not him.
Republicans were in full force on the Sunday talk shows and, as predicted, they wasted no time bashing the president.
Not like he doesn’t deserve bashing. Change you can believe in:
As a senator, Barack Obama denounced the Bush administration for holding “secret energy meetings” with oil executives at the White House. But last week public-interest groups were dismayed when his own administration rejected a Freedom of Information Act request for Secret Service logs showing the identities of coal executives who had visited the White House to discuss Obama’s “clean coal” policies. One reason: the disclosure of such records might impinge on privileged “presidential communications.” The refusal, approved by White House counsel Greg Craig’s office, is the latest in a series of cases in which Obama officials have opted against public disclosure. Since Obama pledged on his first day in office to usher in a “new era” of openness, “nothing has changed,” says David -Sobel, a lawyer who litigates FOIA cases. “For a president who said he was going to bring unprecedented transparency to government, you would certainly expect more than the recycling of old Bush secrecy policies.”
Awesome! And I know I know, all you libtards -not rebublikkkans Democrats are gonna say “Well, Dubya did it!”. As if, somehow, because George did it, it must be okay. As if, Dubya was a good President.
The link:
newsweek.com/id/202875
And, by the way, Newsweek ranks 14th out of 20 in the “Most Neutral List”. Hardly Conservative.
torture is never, ever, ever the right thing to do to anyone for any reason, EVER
Every-single-body agrees with you.
To be clear, and so the left doesn’t take sole possession of the “High Road”, we ALL think that torture is wrong. We would never approve of torture for any reason.
President Who Smokes Signs Anti-Smoking Bill
June 22nd, 2009 at 3:28 pmZING! Well played.
President Who Smokes Signs Anti-Smoking Bill
June 22nd, 2009 at 2:58 pmIt’s good for our health; good for the environment, but are smokers going to welcome it?
Well, let’s check it out:
1. How did drinkers take to abolition?
2. How do pot smokers react to weed being illegal?
Yup. Awesome bill.
When Republicans Attack
June 22nd, 2009 at 2:44 pmUm, no.
Leave Mr. Cara out of this ;-)
With that said. Um, yes.
why we have ‘toxic assets’ floating around. because people bought up these ‘bundles’ and found out later that they were just a pile of stink.
Correct. However, when they bought these assets, they bought them by risk. The higher the risk, the higher the payback. Some were priced lower, others generated higher payback [interest] or whatever. This was a well understood transaction. It wasn’t until these “papers” went “unbuyable” due to the fact that no one could value that paper. And when those assets went “unbuyable” on the market, they had to be valued at zero. And when THAT happened, these large banks became over leveraged over night. And THAT is what caused them to fail.
Who sets the M to M?
Market.
Can I set the price on all the things I want to buy?
Clearly not. The same way in which a company can not set the price they want to sell things.
Can I rate my own portfolio and then sell myself at whatever wage I can dream up?
I don’t think so but Democrats do. –backhanded swipe at minimum wage laws–
They failed.
Capitalism is not without corrections. And painful ones. But the fact remains that Capitalism is the single best method for creating wealth and driving innovation and raising the standard of living for EVERYONE the world has ever known.
Obama To Iran: "Stop All Violent And Unjust Actions"
June 22nd, 2009 at 2:36 pmAt this time, we (us liberals) are tired of war and killing. I’m not saying war is avoidable, but the Iraq war certainly was.
Hey, we are ALL tired of war and killing. And it’s heartening to know that you see war as unavoidable. And while I won’t say that GOING into Iraq was a mistake, not getting out sooner was. I really think that we screwed the pooch on the “after” part.
So THIS Is Why I Never Got That Rice Interview
June 22nd, 2009 at 2:31 pmHannity is too full of his own opinion to actually let his guests speak…
Truth be told, I haven’t heard one single conservative poster on alan.com defend rush, hannity, levin or savage. We know that these guys are entertainers bent on building ratings. They are at best cheerleaders and at worst, well, entertainers.
When Republicans Attack
June 22nd, 2009 at 2:27 pmExcuse me, first foreign attack on the homeland.
The bombers of the World Trade Center were American Citizens?
I refuse to degrade myself to this level of unamerican and uncivil debate.
Right.
If you cannot debate people like an adult than please remove yourself from all politics.
It’s not that I can’t. It’s that no one is debating. All I get from you is wishing and hoping. made up facts and opinion. If you wanna debate, then debate. But dear Lord, base it on facts.
When Republicans Attack
June 22nd, 2009 at 2:24 pmthe right thinks Democrats FORCED banks to give people loans who could not afford them,
Correct. And the Democrats did this.
while the left thinks that Wall Street FORCED Democrats AND Republicans to lower the to make more and more mortgages available for trading whether they were toxic or not, because they made a lot of money while passing around the hot potato.
I believe this is true as well. The mortgages were bundled and sold. However, they were sold in slices based on risk. Everybody knew what they were buying. What people DIDN’T know was that the method of accounting for the value of those things was going to change.
Now, I don’t think that Mark to Market was either a malicious thing or even a bad thing. Only that it was a thing that by changing it, caught a whole bunch of people off guard.
When Republicans Attack
June 22nd, 2009 at 2:01 pmThey help people get housing and the whole thing needs to be altered to better fit what we can and cannot do.
That is libtard for “They put people in homes who otherwise couldn’t afford them. Have no hope of paying for them. And there is no worry because the government will bail them out when they default on the loan.”
deregulation and deception is the cause
No. It was due to increased regulation –Banks forced to sell loans to people that had no hope pf paying them back–and changed regulation –Mark to Market–that caused this.
the first American Homeland Attack
The bombing of the World Trade Center didn’t occur in your world?
Obama To Iran: "Stop All Violent And Unjust Actions"
June 22nd, 2009 at 1:56 pmI always felt that it was Bush who pushed them to vote for their own Bush in 2005.
I’m sure you do. However, I think that it is America’s willingness to remove Saddam and create a peaceful democratic Iraq that has really began to pressure other free thinking citizens in the region to react.
GOP Disappointed That Oppo to Sotomayor Isn't Bringing In the Bucks
June 22nd, 2009 at 1:18 pmAccuse your enemy before someone prosecutes you.
So comments that she makes a better judge than a white man are what? Not racist comments?
How about this:
I am better able to make judgments than you are because I am a Conservative and therefore have a better grasp of logic.
Fair comment?
When Republicans Attack
June 22nd, 2009 at 1:16 pmdon’t forget that obama was the largest single recipient of campaign donations from freddie and fanny.
Don’t worry about THAT one; I certainly won’t forget. However, you’d be hard pressed to get ANY of the liberals in here to even admit to that fact much less acknowledge any sort of quid pro quo.
Obama To Iran: "Stop All Violent And Unjust Actions"
June 22nd, 2009 at 12:51 pmEither way I believe we should stay out of it and respect another nation’s sovereignty.
I agree. Totally agree. Further, I think that the way this is playing out may be good for freedom over there.
When Republicans Attack
June 22nd, 2009 at 12:42 pmAs for the Fannie and Freddie, I’ll have to read it better in the morning, but they have always been “muckin’ in the markets” for the last ten years at least.
Any insight on this one? Can we at least agree that Fannie and Freddie both escaped Obama’s new regulations and they are continuing to force lending to people who can’t afford the note?
GOP Disappointed That Oppo to Sotomayor Isn't Bringing In the Bucks
June 22nd, 2009 at 12:38 pmbelieve that Sotomayor is a racist.
What makes you think that she isn’t?
Obama To Iran: "Stop All Violent And Unjust Actions"
June 22nd, 2009 at 12:36 pmNow that reason is restored, they can pursue more freedom again, like Lebanon
I disagree that it is this “new reason”. I really think that it has been the overthrow of Saddam and the free and fair elections of Iraq that have given rise to this feeling of freedom. We are seeing it in Lebanon, we see it with Syria pulling back. The general feeling that freedom is within grasp to the Iranian people is a direct result of a free Iraq.
When Republicans Attack
June 22nd, 2009 at 10:21 amObviously Cheney was the brains behind the criminal B*sh regime, and Dubya was just the sock puppet who was there to appeal to the religious fundamentalists.
How much of your life is just, literally, made up facts?
When Republicans Attack
June 22nd, 2009 at 12:09 amBiden is not president. He can say a lot of stuff and it doesn’t hold the weight of the Office of the President. Let the Biden roll, Obama is in charge not him.
And yet Cheney is the Anti-Christ.
When Republicans Attack
June 22nd, 2009 at 12:07 amRepublicans were in full force on the Sunday talk shows and, as predicted, they wasted no time bashing the president.
Not like he doesn’t deserve bashing. Change you can believe in:
Awesome! And I know I know, all you
libtards -not rebublikkkansDemocrats are gonna say “Well, Dubya did it!”. As if, somehow, because George did it, it must be okay. As if, Dubya was a good President.The link:
newsweek.com/id/202875
And, by the way, Newsweek ranks 14th out of 20 in the “Most Neutral List”. Hardly Conservative.
So THIS Is Why I Never Got That Rice Interview
June 21st, 2009 at 11:47 pmIt shouldn’t take too long.
Now now now…..
Not one of us Right Wing “nuts” supports torture. I am pretty sure that we have ALL said that.
When Republicans Attack
June 21st, 2009 at 11:46 pmGood night Lefty.
When Republicans Attack
June 21st, 2009 at 10:41 pmOh, by the way, it took exactly 5 months. Obama now has a negative rating when it comes to strongly approve vs disapprove. As of today, he is at -2.
Not for nothing, but the Repubs might be on to something here.
When Republicans Attack
June 21st, 2009 at 10:34 pmLefty, real time, Fannie and Freddie muckin’ in the markets.
online.wsj.com/article/SB124562533240635581.html
So THIS Is Why I Never Got That Rice Interview
June 21st, 2009 at 10:25 pmtorture is never, ever, ever the right thing to do to anyone for any reason, EVER
Every-single-body agrees with you.
To be clear, and so the left doesn’t take sole possession of the “High Road”, we ALL think that torture is wrong. We would never approve of torture for any reason.
Obama To Iran: "Stop All Violent And Unjust Actions"
June 21st, 2009 at 2:06 amWhile this move by the Administration might have JUST skirted the line into internal interference with Iran , I think it was a good move all the same.
I, however, thinks it’s funny that Clinton and Obama have to rely on private enterprise to ensure we have information as it pertains to Iran.
It's The Free For All
June 21st, 2009 at 12:19 amThis issue in particular, I believe, is the wrong way to address the matter of sexist double-standards in government.
Here is the link for you:
epw.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream&Hearing_id=c7026be1-802a-23ad-4fa3-4c8ed0b6d074