tag:blogger.com,1999:blog-2983944778720243687.post8904499010678557217..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Effect of subprime meltdown?Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2983944778720243687.post-75715326505303604512010-01-04T03:15:25.857-08:002010-01-04T03:15:25.857-08:00Your blog keeps getting better and better! Your ol...Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-64418183443014620052007-03-14T13:13:00.000-07:002007-03-14T13:13:00.000-07:00True, "seen this before". And what happens next, a...True, "seen this before". <BR/><BR/>And what happens next, another taxpayer bailout? I'm going to follow Senator Dodd's hearings.Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-55665211944279804822007-03-13T11:54:00.000-07:002007-03-13T11:54:00.000-07:00"I'm really angry about those easy lending standar..."I'm really angry about those easy lending standards, because they provided the money that drove up prices and essentially forced buyers to play by those rules to compete. Lack of regulation is the big villain behind the coming defaults and property value losses.<BR/>"<BR/><BR/>No, it was the interference by the government into setting interest rates in the first place that caused the current problem. By keeping the Fed rate as low as they did for as long as they did, they created too much extra liquidity in the money supply. Everytime the Fed has done this, the result is always the same -- easy credit boosts consumer demand and keeps them spending -- for a while, then the market takes over and punishes those companies who over-exposed themselves. Don't be angry at the lenders, be angry at the quasi-commies at the Fed who try to manage the economy. If they didn't set the interest rates and inflate the money supply, this wouldn't have happened. Keep the regulators away, they'll only muck it up AGAIN (S&L crisis anyone? The run-up was the same then!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-82968196485470161192007-03-05T02:25:00.000-08:002007-03-05T02:25:00.000-08:00Sorry, the map link is here:HereSorry, the map link is here:<BR/><BR/><A HREF="http://www.businessweek.com/common_ssi/map_of_misery.htm" REL="nofollow">Here</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-43679031931467641112007-03-05T02:20:00.000-08:002007-03-05T02:20:00.000-08:00Looking around for the answer over the weekend and...Looking around for the answer over the weekend and found this map from Business week, from a pointer in a New Jersey bubble site (njrereport). While this is not strictly about subprime loans, it shows the percentage of new loans or refinancing using options.<BR/><BR/>California is proudly red, with LA pinned at 27.5%. Anyone having any load down on this map (like the article with the map) is appreciated.<BR/><BR/>http://www.businessweek.com/common_ssi/map_of_misery.htmAnonymousnoreply@blogger.com