Comments on: If you wondered who the Fannie bail out was for, wonder no longer… http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sun, 08 Nov 2009 16:51:22 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Jeff http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12356 Jeff Mon, 06 Oct 2008 00:43:52 +0000 http://blownmortgage.com/?p=1214#comment-12356 The problem here is all the losers who defaulted on there home loans!!! Banks are also at fault for giving these losers mortgages with " little or no money down". Homeowners should not be getting mortgages without putting down at least 15 to 20 percent down on the value of the property. That is, a house valued at 100,000 dollars, a person must put as a dow payment 15.000 to 20.000 dollars!!! That should be made a law!!! The problem here is all the losers who defaulted on there home loans!!! Banks are also at fault for giving these losers mortgages with ” little or no money down”. Homeowners should not be getting mortgages without putting down at least 15 to 20 percent down on the value of the property. That is, a house valued at 100,000 dollars, a person must put as a dow payment 15.000 to 20.000 dollars!!! That should be made a law!!!

]]> By: Brian http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12354 Brian Tue, 05 Aug 2008 20:19:18 +0000 http://blownmortgage.com/?p=1214#comment-12354 China Holds 800 billion not 300 billion. European investors hold 300b. China Holds 800 billion not 300 billion. European investors hold 300b.

]]> By: ELNumeroJuan http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12355 ELNumeroJuan Tue, 05 Aug 2008 18:59:56 +0000 http://blownmortgage.com/?p=1214#comment-12355 Morgan,<br> I really enjoyed this post and I am learning so much from the conversation as well. <br><br>I think that a bailout was inevitable because of the effect it would have on the housing market. Without these programs it would be much harder to get homes sold. Morgan,
I really enjoyed this post and I am learning so much from the conversation as well.

I think that a bailout was inevitable because of the effect it would have on the housing market. Without these programs it would be much harder to get homes sold.

]]> By: Giana http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12353 Giana Tue, 05 Aug 2008 15:21:44 +0000 http://blownmortgage.com/?p=1214#comment-12353 Can you say Amero? Can you say Amero?

]]> By: morganb http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12351 morganb Tue, 05 Aug 2008 15:11:09 +0000 http://blownmortgage.com/?p=1214#comment-12351 Ken,<br><br>No one's blaming foreigners here. It's clearly our fault. But fault<br>is not tied to the action here. Foreign investors were nervous about<br>their investments. And those investors happen to come from our<br>country's largest trading partner, China. It's naive to think that<br>their interests were not considered or served in any of this. In<br>addition to the 300 billion mentioned in the article China holds<br>trillions in other US assets, cash, mortgage debt etc. It wasn't<br>about the 300 billion. Ken,

No one's blaming foreigners here. It's clearly our fault. But fault
is not tied to the action here. Foreign investors were nervous about
their investments. And those investors happen to come from our
country's largest trading partner, China. It's naive to think that
their interests were not considered or served in any of this. In
addition to the 300 billion mentioned in the article China holds
trillions in other US assets, cash, mortgage debt etc. It wasn't
about the 300 billion.

]]> By: Fielding Mellish http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12352 Fielding Mellish Tue, 05 Aug 2008 15:04:29 +0000 http://blownmortgage.com/?p=1214#comment-12352 Edzackly! While I wish the foreigners (and domestic buyers of GSE debt) would have had to take the "haircut" prescribed by Nouriel Roubini, I must admit that Paulson may have calculated that our guaranteeing GSE debt (ultimately to the probable tune of $300 bil or so) may be less expensive than having to pay higher ongoing rates in order to float the entire federal debt. Bondholders taking a haircut on GSE debt may have imputed a igher risk of a US default on Treasury debt. Who knows whether such a calculation is accurate. It's not entirely illogical, though. And it demonstrates our unhealty reliance upon our creditors. "Neither a borrower nor a lender be." Edzackly! While I wish the foreigners (and domestic buyers of GSE debt) would have had to take the “haircut” prescribed by Nouriel Roubini, I must admit that Paulson may have calculated that our guaranteeing GSE debt (ultimately to the probable tune of $300 bil or so) may be less expensive than having to pay higher ongoing rates in order to float the entire federal debt. Bondholders taking a haircut on GSE debt may have imputed a igher risk of a US default on Treasury debt. Who knows whether such a calculation is accurate. It's not entirely illogical, though. And it demonstrates our unhealty reliance upon our creditors. “Neither a borrower nor a lender be.”

]]> By: Ken http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12350 Ken Tue, 05 Aug 2008 14:46:41 +0000 http://blownmortgage.com/?p=1214#comment-12350 Great, what to expect besides xenophobic fear mongering. So because China has 300B out of a few Trillions, the US Treasury's action is because of China ? Just think about your own logic, folks. Folks, you have a bad problem, don't make it worse by blaming foreigners. Like the saying goes, all Empires fail due to their own fault, foreigners are just on-lookers. Great, what to expect besides xenophobic fear mongering. So because China has 300B out of a few Trillions, the US Treasury's action is because of China ? Just think about your own logic, folks. Folks, you have a bad problem, don't make it worse by blaming foreigners. Like the saying goes, all Empires fail due to their own fault, foreigners are just on-lookers.

]]> By: Money Man http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/comment-page-1/#comment-12349 Money Man Tue, 05 Aug 2008 13:57:39 +0000 http://blownmortgage.com/?p=1214#comment-12349 Our money has been going over there to fund their industrial expansion by the purchasing of their goods produced. It is only fitting they support our crazy consumer system by giving us back some of the cash in the mortgage market so lenders can in turn allow consumers to continue ths idiotic cycle that passes for business profitability and successful globalization. Just another ponzi scheme feeding another ponzi scheme in the name of greed. Our money has been going over there to fund their industrial expansion by the purchasing of their goods produced. It is only fitting they support our crazy consumer system by giving us back some of the cash in the mortgage market so lenders can in turn allow consumers to continue ths idiotic cycle that passes for business profitability and successful globalization. Just another ponzi scheme feeding another ponzi scheme in the name of greed.

]]>