Comments on: Hybrid of Risky Mortgages and a Ponzi Scheme http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:06:20 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: batmando http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157596 batmando Fri, 27 Mar 2009 16:49:12 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157596 @ Marcus Aurelius at 6:26 pm How is it that the news media and punditocracy never get it, but comic strips and comedy shows do? ~~~~~~~~~~~~~~~~~~~~~~ By and large, the news media and punditocracy DO get it...., it's just not their job (anymore) to convey "it" to the public, but for the most part to do just the opposite. @ Marcus Aurelius at 6:26 pm

How is it that the news media and punditocracy never get it, but comic strips and comedy shows do?
~~~~~~~~~~~~~~~~~~~~~~
By and large, the news media and punditocracy DO get it…., it’s just not their job (anymore) to convey “it” to the public, but for the most part to do just the opposite.

]]> By: Foghorn Longhorn http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157516 Foghorn Longhorn Fri, 27 Mar 2009 12:20:43 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157516 <b><i>“Actually, we need to both re-inflate and regulate, but re-inflation is urgent and regulatory reforms will take time to implement,” Soros said.”</b></i> Just because you are wealthy does not mean you have brains. Give us the money NOW, we'll regulate LATER. Haven't we been doing this the last 25 years? “Actually, we need to both re-inflate and regulate, but re-inflation is urgent and regulatory reforms will take time to implement,” Soros said.”

Just because you are wealthy does not mean you have brains.
Give us the money NOW,
we’ll regulate LATER.

Haven’t we been doing this the last 25 years?

]]> By: Wes Schott http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157502 Wes Schott Fri, 27 Mar 2009 11:28:55 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157502 Soros also said ....from Bloomberg. “Soros also warned that if the United States failed to live up to its responsibility in helping solve the global crisis, "we shall cease to be the dominant financial power." If the global financial system falls apart, "China is liable to come up ahead," he said. While the United States wanted to re-inflate and Europe wanted to regulate, "it should be possible to find common ground in the need to protect the periphery countries from a calamity that is not of their own making," he said. "Actually, we need to both re-inflate and regulate, but re-inflation is urgent and regulatory reforms will take time to implement," Soros said.” Soros also said ….from Bloomberg.

“Soros also warned that if the United States failed to live up to its responsibility in helping solve the global crisis, “we shall cease to be the dominant financial power.”

If the global financial system falls apart, “China is liable to come up ahead,” he said.

While the United States wanted to re-inflate and Europe wanted to regulate, “it should be possible to find common ground in the need to protect the periphery countries from a calamity that is not of their own making,” he said.

“Actually, we need to both re-inflate and regulate, but re-inflation is urgent and regulatory reforms will take time to implement,” Soros said.”

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157500 Bruce in Tn Fri, 27 Mar 2009 11:19:02 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157500 http://www.msnbc.msn.com/id/29841493/ WTO predicts steep drop in global trade Decline of 9 percent would be the worst since World War II http://www.bloomberg.com/apps/news?pid=20601087&sid=ahCDwyRZkAUI&refer=worldwide Soros Says Commercial Property Values Will Fall 30% ...I think there will be a chance to be short again this year....no prolem... http://www.msnbc.msn.com/id/29841493/

WTO predicts steep drop in global trade
Decline of 9 percent would be the worst since World War II

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

Soros Says Commercial Property Values Will Fall 30%

…I think there will be a chance to be short again this year….no prolem…

]]> By: Whammer http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157486 Whammer Fri, 27 Mar 2009 06:10:08 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157486 @greg, maybe we need Canada to pull a "Mouse that Roared" kind of deal and take us over! @greg, maybe we need Canada to pull a “Mouse that Roared” kind of deal and take us over!

]]> By: EAR http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157482 EAR Fri, 27 Mar 2009 04:42:39 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157482 I've heard the opinion that Obama should shelve his Healthcare/Energy/Education aspirations to focus completely on dealing with the financial markets. We all know that this is where the problem begins and ends (ends?). But imagine a world where the gov was throwing all of the common man's loot at the "Wall St" predicament and nothing at the common man over on "Main St?" Imagine the disposition of the “We Will Get Your Children” types if that were the situation. I doubt systemic risk is something they have the patience or lucidity to comprehend. AIG would need more than this... http://gawker.com/5175745/aig-corporate-securitys-tips-for-surviving-an-angry-mob We all would. I’ve heard the opinion that Obama should shelve his Healthcare/Energy/Education aspirations to focus completely on dealing with the financial markets.

We all know that this is where the problem begins and ends (ends?). But imagine a world where the gov was throwing all of the common man’s loot at the “Wall St” predicament and nothing at the common man over on “Main St?” Imagine the disposition of the “We Will Get Your Children” types if that were the situation. I doubt systemic risk is something they have the patience or lucidity to comprehend.

AIG would need more than this…

http://gawker.com/5175745/aig-corporate-securitys-tips-for-surviving-an-angry-mob

We all would.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157473 Mannwich Fri, 27 Mar 2009 03:15:53 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157473 Was interesting, greg. Thanks for sending. There are obviously some striking cultural differences in comparison to our northern neighbor. Seems we could actually (heaven forbid!) learn a thing or two from them. Was interesting, greg. Thanks for sending. There are obviously some striking cultural differences in comparison to our northern neighbor. Seems we could actually (heaven forbid!) learn a thing or two from them.

]]> By: greg http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157472 greg Fri, 27 Mar 2009 03:04:33 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157472 Mannwich, just wondering if you read the link I suggested re: the compensation of Canadian Bank CEO's, and if so, what you thought? Mannwich, just wondering if you read the link I suggested re: the compensation of Canadian Bank CEO’s, and if so, what you thought?

]]> By: Mannwich http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157471 Mannwich Fri, 27 Mar 2009 02:57:19 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157471 Wow, that's quite a follow up to Taibbi's Rolling Stone piece. Wall Street had better stop poking at Main Street with a stick. It's not going to end well if they continue with this approach. Wow, that’s quite a follow up to Taibbi’s Rolling Stone piece. Wall Street had better stop poking at Main Street with a stick. It’s not going to end well if they continue with this approach.

]]> By: DC http://www.ritholtz.com/blog/2009/03/hybrid-of-risky-mortgages-and-a-ponzi-scheme/comment-page-1/#comment-157469 DC Fri, 27 Mar 2009 02:40:14 +0000 http://www.ritholtz.com/blog/?p=22636#comment-157469 Matt Taibbi chainsaws Jake DeSantis: http://www.alternet.org/workplace/133627/aig_exec_whines_about_public_anger%2C_and_now_we%27re_supposed_to_pity_him_yeah%2C_right/ Matt Taibbi chainsaws Jake DeSantis:

http://www.alternet.org/workplace/133627/aig_exec_whines_about_public_anger%2C_and_now_we%27re_supposed_to_pity_him_yeah%2C_right/

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