Troubledwawa's Comments (2839)

“Yup. Our corporate media at its best.”

“Uncalled for. My condolences to the Smith family. And I hope the perpetrators get whats coming to them.”

“Here's the BLS chart that this article references:

http://www.bls.gov/news.release/ecopro.t04.htm

And here's where the BLS predicts the job growth will come from in the next 10 years:

http://www.bls.gov/news.release/ecopro.t02.htm”

“I had a good laugh when I read that. Bernanke said the same thing at some conference/dinner that he was speaking at about a month ago.

Hopefully we can get them both out, before it's too late.”

“Finally!”

“I hope Valerie Plame's lawyer gets a copy of the emails...”

“Arizona.

However I must forewarn that in some cases, that is changing. If you didn't live in the home, you could be still on the hook. The State legislature is tweaking that law (rather quietly) as I write this reply.

My point in my original reply is that decision is made at the State level of government. Now I'll add - unless you somehow sign that right away in one of the newer mortgage contracts.”

“That depends on what State you live in. Some of the States don't allow the banks to charge the foreclosed homeowner difference the difference between the loan amount and the foreclosure sale price. Check your State law.”

“The 1st photo is of the Apollo 17 landing site, via Hubble...

http://www.nasa.gov/centers/goddard/news/topstory/2005/hubble_moon.html”

“"The stimulus money clearly was a spending bill. TARP was a loan – a loan to be paid back. And we know that a number of the banks are, in fact, paying it back," said Senate Minority Leader Mitch McConnell, R-Ky. "So I don't think raiding a loan program to launch another spending spree is the best way to create jobs."
-------------

Is that the best that the Republican Leadership can can come up with? Now really... All of a sudden, look who has a concern about procedures, after saying "the heck with procedures" for the last 8 years.

Absurd. C'mon Republicans, put forth an effort and do the right thing for youselves, your partyt, and your country - change your leadership. Make a stand and demand more from your them.

You can do it...”

“Wow. I'm surprised to see Mark Hansen here on Huffpo.

I've been following Mark for more than 2 1/2 years now. He was Mr. Mortgage on YouTube, where I first ran into him back in early 2007 (courtesy of another Huffpo poster). The first video I saw, he linked to an old excel file from the NY Fed, that used to be on the front page of their website back then, and went through what was going to happen, based on where the current mortgages were at the time.

This guy nailed it back then. And he still is nailing it. If you're involved in real estate, you really should take some time and hear him out.”

“"These homes are ALREADY in default and many vacant the banks just have not filed the appropriate paperwork with the courts to proceed with foreclosure"

That's about it. What you describe adds a whole new dimension to the phrase "shadow inventory". Foreclosures are now a lagging indicator. NOD and NTS (Notice of default and notice of trustee sale) are the forward looking indicators. Currently, those numbers are greater than 2008's numbers were - and many are in the mid to high range price range, making the dollar value greater than the subprime. Further, it's a nation wide problem now, no longer just a few states.”

“We used to have a good press in this country...

Man what I would give to get it back...”

“Later...”

“That was funny :)”

“Must be election season again, huh Tim...”

“Someone wants attention.”

“Agreed.

We can't leave Afghanistan the way it is right now.”

“He's still thinking of Cheney.”

“Thank goodness - finally there's a reasonable strategy for Afghanistan.

Thank you President Obama.”

“"Just 1 percent pick George W. Bush as the best reflection of the party's principles, and only a single person in the poll cites former vice president Richard B. Cheney. About seven in 10 say Bush bears at least "some" of the blame for the party's problems. "

That was out of 1036 adults surveyed.

Oh well...”

“Tragic.

My thoughts and prayers go to the families and victims...”

“Beware folks -

The window of opportunity for walking away and not owing the difference between the purchase price and the foreclosure price, may be closing. Legally, that decision is made at the state level of government, unless if you signed that right away in the mortgage contract.

Here in Az, back in June, the state legislators passed a law that went into effect in Sep of this year, that changed owing nothing from a foreclosure, to being on the hook, for certain homeowners. If you didn't live in the home, you would be on the hook now.

As it turned out, the definition of "living in the home" wasn't too clear, and left a large loophole. Now the state lawmakers are back at it again to try and fix it. My advise is check with your state and see how the laws are written when it comes to who owes the difference in a foreclosure. And read and understand all the paperwork that you sign, when it comes to real estate - please.

The stakes are getting higher between the mortgagor and the mortgagee. Good luck...”

“Gee Ben, Glass-Steagall seemed to work just fine, before it was repealed.”

“A good article. We are far from the end of this deleveraging process - and it's quite possible that the Fed won't raise interest rates until 2011, at the earliest, like the article said.

Interestingly, Ian Shepardson's prediction of 2% growth for next year is in sharp contrast to the stock markets that has seemed to have priced in a 4 to 5% growth for next year. Looking at the way the world stock markets reacted to Dubai, which really isn't all that significant news in the grand scheme of things, should be taken as a warning sign. Things are still out of balance.”