tag:blogger.com,1999:blog-6616959642391988608.post4998018043714711467..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The housing bubble: a government failure, not a market failureScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-54199592950333269442009-07-27T09:14:03.845-07:002009-07-27T09:14:03.845-07:00It is comments like these that make me fearful of ...It is comments like these that make me fearful of our future. Our coutnry is run by meglo-maniacs and I am sure he feel real "disgusted".<br /><br />Federal Reserve Chairman Ben Bernanke on Sunday said he engineered the central bank's controversial actions over the past year because "I was not going to be the Federal Reserve chairman who presided over the second Great Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37785924483749404772009-07-27T08:37:22.450-07:002009-07-27T08:37:22.450-07:00I would argue that the government is actually more...I would argue that the government is actually more involved in the housing market than ever before pumping out loans to under qualified applicants with fractional down payments. That means as FNMA, GNAM, FHLMC expand faster than the Universe, you and I will be on the hook when these loans go sour the next time around.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27480615015079484172009-07-25T16:34:40.235-07:002009-07-25T16:34:40.235-07:00I'm not an expert on this question, but I can ...I'm not an expert on this question, but I can offer some observations. For one, this is very old news; the only thing we don't know is the exact number of defaults, but the market definitely knows that lots are coming. Prices of commercial mortgage backed securities have fallen dramatically, but they have actually rebounded in the past month or so (see my post on CMBX and ABX prices), Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74059990835475577042009-07-25T13:26:39.918-07:002009-07-25T13:26:39.918-07:00Scott:
Do you think the large number of predicted...Scott:<br /><br />Do you think the large number of predicted defaults in the CMBS market will derail the recovery? I've heard we're only 10% through these defaultsBillhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.com