DISQUS

Blown Mortgage: OFHEO issues statement on GSE’s

  • Ann · 1 year ago
    I think we should email them a list of the statements of the companies of the past who SWORE they too were in good financial shape..or did they totally forget about the past 6 months, 9 months, 12 months..and so on..
  • morganb · 1 year ago
    I agree Ann. How many times have we heard it????
  • Jane · 1 year ago
    Ummm, hey Mr. Lockhart!!

    Go talk to Ben Bernanke and Hank Paulson about WHY they think Americans NO LONGER HAVE ONE SHRED of confidence or trust left in the US financial systems!

    Is it maybe because every time a banker or broker has moved their lips in the last year, they have been BOLDLY LYING to the American people..........???!!!!

    Go back to the drawing board--whatever "capital" the GSEs have will barely cover a month's worth of losses, and YOU KNOW IT!!

    Liar, Liar, Pants on FIRE!!
  • Don · 1 year ago
    Wow!!!! First off, Morgan you post next to this morning's clip makes sense. The 300b dollars is just the first installment of the bailout. OMG, it's a good thing the Chinese have a lot of cash, because we'll need most of it just to keep going.

    Jane, excellent post. We've heard this all before in the last 18 months. I remember when I first heard it, when HSBC sent out an alert to investors saying about 10% of their portfolio would affected by "losses in the sub-prime market". I think that was early 2/07.

    I've never seen it this bad
  • beth · 1 year ago
    I know I am going to be laughed at but...

    I am starting to feel that the goverment wants to take over Fannie and Freddy, and make getting a mortgage nationalized. The money the goverment would make on the interest would pay for all the wars, and get our goverment out of debt. At this point the GSE would have very little compitions, and the goverment would have a lot to gain.

    But that could just be crazy talk.