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- Gender: Male
Member since Aug 31, 2008
- Location:
Eugene :: OR :: USA
- Age: 40 years
- Education: college
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Editor - YourMortgageOrYourLife.com Anthony is a researcher, analyst and freelance writer living in beautiful Eugene,...
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- about 1 year ago | Viewed 0 timesIn a conscious effort to produce a website that has useful and poignant content that is open and available to readers of any and all points of view, I try to keep my personal slant to a tolerable level and not interject any of my paranoid delusions into the articles. I will offer them up to some extent, but I try not to profess too much. But, when my paranoid delusions start becoming terrifying realities, I feel I have an obligation to point them out and make a plea for your concern and attention. Case in point, my YourMortgageOrYourLife.com article from August 25, 2008 :
- about 1 year ago | Viewed 1 timesBut seriously everybody - I think They are all about to pull a big, bad, fast one on all of Us . Worse than that, They are going to make you and me and our kids (and their kids too) pay for their clever schemes and malpractice by subjecting Us to decades of runaway inflation, unfathomable national debt levels, and higher personal taxes - particularly through the elimination of the coveted homeowner mortgage interest right-off, the only real right-off available to all of us work-a-day folks.
- about 1 year ago | Viewed 0 timesthat was passed about 10 years ago, and that opened the door to the incestuous relationships between Consumer and Investment Banks. Also watch for GE’s numerous mortgage-based money-pits start popping up in the headlines , and dragging down the giant. So, by years end we may see the end of the stand-alone investment bank , as Goldman and Morgan Stanley are the last holdouts. We can probably expect them to find a distressed bank or two to pick up and diversify their capital base with the retail banking deposits that have kept other financials out of any immediate liquidity problems. The following is a fantastic reprint from Minyanville discussing some of the anticipated and surprise after-effects from the events this weekend and in today’s trading: Even though Lehman Brothers was larger and older than Bear Stearns — its existence predates the Civil War — it was the first to get that dreaded dose of tough love. There was no Barclays or Bank of America deal, no “good bank”/”bad bank” arrangement — for the first time this year, the government allowed a large financial player to fail. The implications of this failure are massive, and they’ll be absorbed over a period measured in months, not days. For one, Lehman’s 25,000 employees face an uncertain future. Its customers, many of them big financial institutions, will have to unwind what are bound to be extremely complicated transactions. And investors will have to figure out what to make of the largest U.S. investment bank...Posted to Lost home Lost Votes
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