The "up-to-the-minute Market Data" thread

How the Government is Setting Us Up for a Second Subprime Crisis

The new subprime bubble in the making.

Is the government creating another subprime-mortgage bubble?

The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal Reserve – used Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to “legitimize” trillions of dollars worth of toxic financial waste known as subprime mortgages.

The result was the worst financial crisis since the Great Depression – a mess that was global in nature.

And we’re now headed for a repeat performance.

Some of the players may have changed since the first subprime-mortgage crisis, but the game apparently remains the same. With banks currently unwilling to lend, the new federal triumvirate of the Obama administration, the Treasury and the Fed are trying to inflate the moribund U.S. housing market. This time around, however, the FHA is the weapon of choice.

Obama & Co. are making an all-or-nothing bet that the U.S. economy will recover and bail out the housing market before the final bill for this ill-advised gambit comes due.

When this bubble bursts – and it will – U.S. taxpayers will be on the hook for more than $1 trillion in government-guaranteed debt.

moneymorning.com...

www.washingtonpost.com...
Moody's warns Portugal of possible debt downgrade

www.marketwatch.com...

Fitch Ratings on Wednesday cut Goldman Sachs Group Inc.'s rating outlook to negative from stable and affirmed its 'A+/F1+' long- and short-term issuer default ratings.

[edit on 5-5-2010 by TheCoffinman]

reply to post by TheCoffinman


So now it is prob. officially time to buy GS again.

Once the ratings agencies get involved be prepared to go the exact opposite way.

reply to post by TheCoffinman


Portugal, Spain Greece, Germany and so on and on, the domino effect is just moving smoothly . . .

I am waiting for the European nations to run out of money from trying to bail themselves out.

www.reuters.com...
Moody's says very likely to downgrade Portugal

www.dailymail.co.uk...
EU warns Britain's debt crisis will be worse than Greece's

[edit on 5-5-2010 by TheCoffinman]

www.reuters.com...
German SPD likely to oppose Greece aid plan

www.marketwatch.com...
Moody's Investors Service on Wednesday placed all rated Portuguese banks on review for possible downgrade

[edit on 5-5-2010 by TheCoffinman]

Another 100+ pip drop in EUR/USD, strong support is near

Some more ~good news~ tonight...

Freddie Mac seeks further $10.6bn in US aid
news.bbc.co.uk...

U.S. Senators introduce amendment to wind-down Fannie Mae and Freddie Mac
wireupdate.com...

Moody’s Downgrades $13bn of Subprime RMBS
www.housingwire.com...

[edit on 5/5/2010 by Hx3_1963]

reply to post by Hx3_1963


Can we smell deceptions coming from the booming economic recovery of the USA?.

The same thing that people is fighting against in Greece is been happening to us in the US for decades.

But we call it patriotism, you know funding the rats at the top so they can hold to their wealth at the expenses of the hard working tax payer.

You know socialism

I mean capitalism

I thing I am confuse now

Originally posted by marg6043
How the Government is Setting Us Up for a Second Subprime Crisis

The new subprime bubble in the making.



When this bubble bursts – and it will – U.S. taxpayers will be on the hook for more than $1 trillion in government-guaranteed debt.

moneymorning.com...





yes Marge,,, but there is still the overhanging 1.5 Trillion the FED has on their books of worthless bail-out monies spent on the the toxic assets of the favord 12 or so Banks blessed by the FED to not go bankrupt (yet)

in the meantime the FED gets a Easy 5% interest on the money the Treasury is allowed to print.... blood-bankers to the extreme!

Japan Nikkei just dropped over 350 points in a few minutes... Nice...

But they were closed since last week... so yeah.

e.nikkei.com...

Keep yer eyes on the FX's & PM's...

How can all rise at the same time?

Sell your real stuff and buy paper!

realitycheck.no-ip.info...
www.indexq.org...
finviz.com...
www.justin.tv...

[edit on 5/5/2010 by Hx3_1963]

DOOMB! TEH DOOM IS FINALLY HERE!!!

OMG I'M SO EXCITED.

Blue Horsehoe loves sandbagged bunkers. I hear tell they can be had for a pittance in Spain, for example, among numerous other balmy locales.


[edit on 5/6/10 by silent thunder]

Oooh, the curse of a double post. First one in awhile. See what happens when you get all excited n' stuff?

Reflexes, people. Keep those reflexes up today.

[edit on 5/6/10 by silent thunder]

Put a firecracker into GS van. There ya go.... Booming economy

Dollar-Euro is a flip-flop relation, like dollar-gold. Doesn't really say anything. It only means (re)distribution and is not ... is never ... the reflection of production.

The question is, comparing USA and EU, is it better to ignore individual states (like what they do in America by strengthening central government) or dealing with them as with entities on their own?

Again, historical models show, that at the given moment there has to be a disintegration of the projected "projection" (federation). Like USSR or Yugoslavia, now Mexico, and should I mention (out of compassion) - the British Empire

It is the same principle which is presented in the Big Brother show - some players "must" be eliminated.

The economic models in use (Keynesian, etc.) are nothing but a propaganda tool which is good as long as things "look" good. Neither of those theories explain or can deal with disintegration...

I remember a guy who was part of political structure (in big state owned oil company). When the crisis (inflation) begun, he said: "That is not a problem for us. We'll just have to steal a little more."

This is the true principle of the world's economy.

Normally, politicians call it "stabilization"

reply to post by St Udio


The Subprime Conspiracy.. Was There a Plan to Blow Up the Economy?

www.abovetopsecret.com...

The American economy is nothing but a ponzi scheme, we started a domino effect globally and is going to end with us. . .

"Credit rating agency Moody's says debt crisis could hit banking sectors in Portugal, Italy, Spain, Ireland and UK" - AP via @BreakingNews on Twitter

Oops... Want to influence the UK election or what?

Moody, the number two terrorist after Goldman Sachs.

DOW is down -300 and falling fast! holy crap...

update: -351.95

update: -414.15

update: -500!!

update: -555.55

uodate: -742!!!

update: -845

[edit on 6-5-2010 by TheCoffinman]

reply to post by TheCoffinman


holy #! I'm watching CNBC and just watched the DOW hit drop another 400 points in less than 10 minutes. DOW is at -800! This is insane.

When do they shut it down???