Comments on: For the first time since the Great Depression, house prices fall nationally

By: schabadoo

schabadoo — Sat, 26 Jan 2008 21:03:59 +0000

a homebuying seminar being held in Hoboken at Rogo’s bar by the local Countrywide rep.

Rogos????

In a town of disposable income, they’re going to a discount college-type bar blocks off Washington.

Why not just have a walking tour of Velocity while they’re out there?

By: HEHEHE

HEHEHE — Fri, 25 Jan 2008 13:02:10 +0000

PGC,

I already tossed the flyer but it’s good info to know!

By: still_looking

still_looking — Fri, 25 Jan 2008 04:25:42 +0000

#196 – AMEN! The last 7.5 yrs of this dolt have screwed US royally.

By: PGC

PGC — Fri, 25 Jan 2008 04:12:31 +0000

#225 HEHEHE

Ask if they will have it on Tuesday night. That is 10c wing night and their wings arn’t bad from what I remember.

By: chicagofinance

chicagofinance — Fri, 25 Jan 2008 04:04:36 +0000

OT: more…..who says U.S. schools are failing our children?

Two Georgia schools to pay students $8 an hour to study

http://news.yahoo.com/s/ap/20080125/ap_on_re_us/paid_to_study

By: chicagofinance

chicagofinance — Fri, 25 Jan 2008 04:02:29 +0000

OT: I’m sorry….this is like a game of free association…..

this Wiki is hilarious!!!
In 1994, John appeared in the adult film John Wayne Bobbitt Uncut.
In 1996, he appeared in another adult film, Frankenpeni$
http://en.wikipedia.org/wiki/Lorena_Bobbit

By: chicagofinance

chicagofinance — Fri, 25 Jan 2008 03:58:48 +0000

Evil Kerviel……Nick Leeson of the new millenium….my man…

I thought they all had three names:
John Wilkes Booth
Lee Harvey Oswald
John Wayne Bobbitt

By: chicagofinance

chicagofinance — Fri, 25 Jan 2008 03:53:51 +0000

BC Bob Says:
January 24th, 2008 at 9:03 pm
Noyer knew this 4 days ago. The European markets were hammered on Monday, NY holiday. Socgen was unwinding their long trades. Obviously the fed was alerted and they subsequently moved on Tuesday morning. What a freaking disgrace. The fed interjects the largest cut, between scheduled meetings, ever as the result of a rogue trader? To support markets that are called 4% lower? No wonder we are the laughing stock of the world. Our monetary policy is shaped by some d*ck trader and his cohorts in a French nationalized bank.

Bost: funny stuff…go the the video at 10:20 of 14:08
http://www.cnbc.com/id/22823862

By: RentinginNJ

RentinginNJ — Fri, 25 Jan 2008 03:08:01 +0000

The following is a table of jobs eliminated by the biggest banks and securities firms due to the collapse of the subprime mortgage market.

Firm Number of Jobs Cut

Citigroup 4,200

Lehman Brothers 3,890

Bank of America 3,650

Washington Mutual 2,600

Morgan Stanley 1,900

HSBC 1,650

Bear Stearns 1,550

UBS 1,500

Merrill Lynch 1,000

National City 900

RBC 500

Wells Fargo 500

Wachovia 443

Deutsche Bank 370

Credit Suisse 820

JPMorgan Chase 100
_____
Total 25,573

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAM0j9ONhoB0&refer=home

By: HEHEHE

HEHEHE — Fri, 25 Jan 2008 03:05:22 +0000

BTW got a letter in the mail yesterday re a homebuying seminar being held in Hoboken at Rogo’s bar by the local Countrywide rep. My how the mighty have fallen!

By: Hobokenite

Hobokenite — Fri, 25 Jan 2008 02:41:55 +0000

BC Bob Says:
January 24th, 2008 at 6:32 pm

…

It will take years for banks, if they make it, to repair their balance sheets. They will hoard cash. Borrow cheap and hope the yield curve steepens, that’s their game plan. John Q is not on their radar. Unless, of course, John Q has cash to put down and can survive a scope up his/her #ss. The sins of the past will not be repeated, in the short term.

…

I agree that we won’t see the same insane underwriting standards that we’ve seen in the past, but what raising the conforming limit does is it allows the banks to transfer large amounts of the loans on their books to the GSE’s. Granted alot of the really toxic stuff can’t be refinanced, but alot of the marginal stuff probably can. It’s a bailout of the banks plain and simple, and the taxpayers are going to end up paying for it when the GSE’s have to be bailed out.

The politicians are either too stupid to realize this (doubtful), or they selling the taxpayer down the river to bail out the banks.

By: BC Bob

BC Bob — Fri, 25 Jan 2008 02:37:25 +0000

What new forum?

By: lostinny

lostinny — Fri, 25 Jan 2008 02:28:11 +0000

Grim,
I meant on the new forum. I am trying to register and I haven’t gotten the email yet.

By: Jase Rion

Jase Rion — Fri, 25 Jan 2008 02:26:59 +0000

Thank you.

By: grim

grim — Fri, 25 Jan 2008 02:26:28 +0000

Sorry, no way I can look it up. Unfortunately, I think you’ve got to re-register.