Comments on: Freddie to New York: Drop Dead http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html Sun, 22 Nov 2009 18:20:39 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html#comment-12841 Anonymous Wed, 13 Aug 2008 03:27:00 +0000 http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead/#comment-12841 the other reasons are that they could they are out of money ( mkts will not supply) so this is convenient or paulson has told them no more stuffing on the side the other reasons are that they could they are out of money ( mkts will not supply) so this is convenient or paulson has told them no more stuffing on the side

]]> By: LJR http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html#comment-12837 LJR Tue, 12 Aug 2008 23:39:00 +0000 http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead/#comment-12837 Nice to have you back! You were missed. Nice to have you back! You were missed.

]]> By: Unsympathetic http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html#comment-12830 Unsympathetic Tue, 12 Aug 2008 20:41:00 +0000 http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead/#comment-12830 Anon@3:09, <br/><br/>Au contraire. This is genius. Remember, mortgage originators (call them credit cards, call them home loans.. any way you slice it, it's still a potato) want to skim profits without assuming risk. This act, however, forces them to (horror of horrors!) make certain their loans satisfy the old-fashioned 3 C's of lending.<br/><br/>How dare you make an argument DEFENDING the horrific, brazenly stupid lending which brought about this economic slide.<br/><br/>Not one ounce of the largesse of Wall Street is worth saving - especially that built on a Ponzi scheme. Anon@3:09,

Au contraire. This is genius. Remember, mortgage originators (call them credit cards, call them home loans.. any way you slice it, it’s still a potato) want to skim profits without assuming risk. This act, however, forces them to (horror of horrors!) make certain their loans satisfy the old-fashioned 3 C’s of lending.

How dare you make an argument DEFENDING the horrific, brazenly stupid lending which brought about this economic slide.

Not one ounce of the largesse of Wall Street is worth saving – especially that built on a Ponzi scheme.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html#comment-12828 Anonymous Tue, 12 Aug 2008 20:30:00 +0000 http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead/#comment-12828 What is it with these states lately, whats going on?<br/><br/>Re: Nearly 40 percent of Indiana's mortgage brokerages lost their licenses Wednesday because they haven't complied with a new law aimed at raising the standards of the industry in a state with one of the nation's highest foreclosure rates.<br/><br/>As of noon Wednesday, 361 of Indiana's 950 brokerages had failed to meet a Tuesday deadline for complying with a 2007 industry-backed law that requires each brokerage to name a principal broker with at least three years experience who has passed a state exam and will oversee his company's business affairs.<br/><br/>http://www.businessweek.com/ap/financialnews/D92D2DG04.htm What is it with these states lately, whats going on?

Re: Nearly 40 percent of Indiana’s mortgage brokerages lost their licenses Wednesday because they haven’t complied with a new law aimed at raising the standards of the industry in a state with one of the nation’s highest foreclosure rates.

As of noon Wednesday, 361 of Indiana’s 950 brokerages had failed to meet a Tuesday deadline for complying with a 2007 industry-backed law that requires each brokerage to name a principal broker with at least three years experience who has passed a state exam and will oversee his company’s business affairs.

http://www.businessweek.com/ap/financialnews/D92D2DG04.htm

]]> By: Anonymous http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead.html#comment-12825 Anonymous Tue, 12 Aug 2008 19:09:00 +0000 http://www.nakedcapitalism.com/2008/08/freddie-to-new-york-drop-dead/#comment-12825 sigh, this is why as an if-I-was-an-absolute-monarch-I'd-turn-American-into-a-Scandinavian-socialist-state, I loath the Democratic party as a governing entity when they control the legislature and executive (though Republicans are no better at one-party rule). The Dems placate their base and implicate policies without thinking through the consequences.<br/><br/>Here's hoping that Obama can rid the Democratic party of its old line rubbish, ie the Clintons. sigh, this is why as an if-I-was-an-absolute-monarch-I’d-turn-American-into-a-Scandinavian-socialist-state, I loath the Democratic party as a governing entity when they control the legislature and executive (though Republicans are no better at one-party rule). The Dems placate their base and implicate policies without thinking through the consequences.

Here’s hoping that Obama can rid the Democratic party of its old line rubbish, ie the Clintons.

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