http://www.plexav.com/2008/tarp-bill-still-has-serious-flaws/ Interactive Blogging Defined Fri, 19 Mar 2010 05:41:09 +0000 http://wordpress.org/?v=2.6.1 http://www.plexav.com/2008/tarp-bill-still-has-serious-flaws/#comment-3283 Danielle Fri, 06 Feb 2009 04:31:52 +0000 http://www.plexav.com/?p=1481#comment-3283 <p>I don't claim to totally understand this, but why is it that the banks are getting all this money. If it went to the people to PAY their bills (mortgages) wouldn't that better stimulate the economy because at least the bank would then get the money in the end, but also helping the people with the forclosures and late payments, even those who are just running up credit cards to pay for food so they can pay their mortgages.</p> I don’t claim to totally understand this, but why is it that the banks are getting all this money. If it went to the people to PAY their bills (mortgages) wouldn’t that better stimulate the economy because at least the bank would then get the money in the end, but also helping the people with the forclosures and late payments, even those who are just running up credit cards to pay for food so they can pay their mortgages.

]]> http://www.plexav.com/2008/tarp-bill-still-has-serious-flaws/#comment-1643 Kenneth Tue, 30 Sep 2008 06:03:28 +0000 http://www.plexav.com/?p=1481#comment-1643 <p>Jason, you're right! The derivatives market eclipses the actual assets from which they are derived. The issue is that while the $750B could pay for all the homes that are/will fall into foreclosure, it seems that the hedge funds, the banks, foreign investors, etc., would be a bit upset that the U.S. Government invaded their quasi legal gambling hall.<br /> It seems that simply paying off the mortgages would greatly simplify the unwinding of the derivatives market. All bets against the house, LOSE! Bet against the house, especially when the house can print its own currency,I guarantee you're going to lose. Unless the house isn't interested in winning. So there you have it. My opinion on this matter.</p> Jason, you’re right! The derivatives market eclipses the actual assets from which they are derived. The issue is that while the $750B could pay for all the homes that are/will fall into foreclosure, it seems that the hedge funds, the banks, foreign investors, etc., would be a bit upset that the U.S. Government invaded their quasi legal gambling hall.
It seems that simply paying off the mortgages would greatly simplify the unwinding of the derivatives market. All bets against the house, LOSE! Bet against the house, especially when the house can print its own currency,I guarantee you’re going to lose. Unless the house isn’t interested in winning.
So there you have it. My opinion on this matter.

]]> http://www.plexav.com/2008/tarp-bill-still-has-serious-flaws/#comment-1639 Jason Mon, 29 Sep 2008 22:32:39 +0000 http://www.plexav.com/?p=1481#comment-1639 <p>Swaps and Derivative are rather simple to understand. Did you know that you can payoff all the sub prime loans for $536,964,808,868. If you payoff the loans of those that had been late in the last 12 months it would be $227,136,207,581. Its a ponzi scheme look at the banks Revenues and compare them with their net income the annual reports are available online. nomedals.blogspot.com</p> Swaps and Derivative are rather simple to understand. Did you know that you can payoff all the sub prime loans for $536,964,808,868. If you payoff the loans of those that had been late in the last 12 months it would be $227,136,207,581. Its a ponzi scheme look at the banks Revenues and compare them with their net income the annual reports are available online. nomedals.blogspot.com

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