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Drudge Retort: Red Meat for Yellow Dogs

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Resuscitation Necessary

When did F/F leverage at 30-1?
#62 | Posted by Danforth at 2011-11-30 12:21 PM |

What was leveraged danforth? Guaranteed mortgages pools by fannie/freddie? Gee if they don't guarantee them, banks don't have anything to leverage or sell, right Einstein?
Posted by crispee_oc at 2011-11-30 01:33 PM |

Bullshit. Leverage brought it down, led by the stupidity of 125% LTVs and NINJA loans.
Posted by Danforth at 2011-11-30 02:49 PM
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"What part did they have in the housing crash? Duhhhhhhh...Nothing."

Loaning people 125% of their home value didn't have anything to do with the housing crash??? Are you always this clueless???
Keep flailing. It's fun to watch.
Posted by Danforth at 2011-11-30 03:12 PM
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"Those are NINA's (No income, no Assets) "

Oh...I read NINJA (No Income, No Job or Assets). Same result.
Posted by Danforth at 2010-09-17 01:48 PM |
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"caused by (primarily) none other than Barney Frank and Chris Dodd putting heat on the regulators to force the banks to relax their standards of underwritintg so they would make loans to people they would never in a million years otherwise make loans to"

What a steaming pile of crap. Neither Frank nor Dodd forced lenders to issue liar's loans, mortgage resets, negative amortization loans, ninja loans, or 125% LTVs.
Posted by Danforth at 2010-09-17 11:17 AM
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I knew it the first time I saw 125% LTVs. From that point on, it was just a matter of time. And where & how did F&F write the legislation forcing the leveraging? Again, it wasn't the bad loans so much as the compounding via bad bets on those bad loans.
Posted by Danforth at 2010-09-17 12:27 PM
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