Comments on: Quelle Surprise! Real Estate Lenders Fight Tough Rules http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders.html Sun, 22 Nov 2009 19:08:53 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders.html#comment-7400 Anonymous Tue, 29 Apr 2008 21:58:00 +0000 http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders-fight-tough-rules/#comment-7400 <i>What did they expect?</i><br/>Oh, I don't know, maybe embarrassment, or perhaps remorse, or at least something other than pure unadulterated greed. What did they expect?
Oh, I don’t know, maybe embarrassment, or perhaps remorse, or at least something other than pure unadulterated greed.

]]> By: Francois http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders.html#comment-7364 Francois Mon, 28 Apr 2008 12:24:00 +0000 http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders-fight-tough-rules/#comment-7364 These bozos haven't seen anything yet. When you become less popular than a congressperson or a used car sales associate, you are not getting a lot of sympathy.<br/><br/>If they don't want regulations, why didn't they act responsibly in the first place? Nobody has a god-given right to maximize its profits regardless of the consequences. These bozos haven’t seen anything yet. When you become less popular than a congressperson or a used car sales associate, you are not getting a lot of sympathy.

If they don’t want regulations, why didn’t they act responsibly in the first place? Nobody has a god-given right to maximize its profits regardless of the consequences.

]]> By: Richard Kline http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders.html#comment-7362 Richard Kline Mon, 28 Apr 2008 10:25:00 +0000 http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders-fight-tough-rules/#comment-7362 The present Powers That Be simply don't _want_ to regulate: it offends their philosophy. Policymakers are on their knees each night praying for enough of an upturn that we can get back to '[risky] business as normal,' so their heart just isn't in doing a lock-down on the inmates running the mortgage facility. The only reason that any mortgages can even be written AT ALL at present is because of GSE guarantees: that means that the mortgage industry eats because the public fills the trough. These folks, literally, have no right to dictate or even argue for terms, they should be begging for further existence. <br/><br/>It's hard to imagine a more politically passive or compromised citizenry than the American public. I'm sure that they will disagree just as soon as American Idol is over and they're free to speak their mind . . . . The present Powers That Be simply don’t _want_ to regulate: it offends their philosophy. Policymakers are on their knees each night praying for enough of an upturn that we can get back to ‘[risky] business as normal,’ so their heart just isn’t in doing a lock-down on the inmates running the mortgage facility. The only reason that any mortgages can even be written AT ALL at present is because of GSE guarantees: that means that the mortgage industry eats because the public fills the trough. These folks, literally, have no right to dictate or even argue for terms, they should be begging for further existence.

It’s hard to imagine a more politically passive or compromised citizenry than the American public. I’m sure that they will disagree just as soon as American Idol is over and they’re free to speak their mind . . . .

]]> By: Jojo http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders.html#comment-7361 Jojo Mon, 28 Apr 2008 08:20:00 +0000 http://www.nakedcapitalism.com/2008/04/quelle-surprise-real-estate-lenders-fight-tough-rules/#comment-7361 Isn't it wonderful how stakeholders always twist logic to meet their requirements?<br/><br/>Strong regulations were not warranted when the bubble was growing because that would restrain opportunity and cut back on corporate profits leading to an economic decline.<br/><br/>OTOH, regulations should not be tightened now because well, doing so will restrain opportunity and cut back on attempts to become profitable again ,leading to an extended economic decline.<br/><br/>Jeez. We need people in government who are not beholden to corporations and aren't afraid to stand up and call BS, loud and clear! Isn’t it wonderful how stakeholders always twist logic to meet their requirements?

Strong regulations were not warranted when the bubble was growing because that would restrain opportunity and cut back on corporate profits leading to an economic decline.

OTOH, regulations should not be tightened now because well, doing so will restrain opportunity and cut back on attempts to become profitable again ,leading to an extended economic decline.

Jeez. We need people in government who are not beholden to corporations and aren’t afraid to stand up and call BS, loud and clear!

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