Comments on: A Billion Here, A Billion There, And Pretty Soon You’re Talking Real Money http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/?utm_source=rss&utm_medium=rss&utm_campaign=a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money Real Estate Investing Through Purposeful Planning Tue, 07 Feb 2012 00:40:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BawldGuy http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1224 BawldGuy Sat, 21 Feb 2009 00:08:46 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1224 Hey Sean -- Speaking for myself, after having removed most of the egg, I've concluded three basic factors for which I was unaware, or underestimated their impact. 1. The bill forcing Fannie/Freddie to make loans nobody in their right mind would ever make. I've called it the 'Good Intentions Kumbuya' bill. 2. Mortgaged backed securities was like a never ending fine spray of gas on the fire built upon make believe loan underwriting policies. It allowed lenders to turn their capital much more quickly to so many more borrowers. 3. The SEC's criminal negligence. Their 'see no evil' approach to overseeing those under their power resulted in the crazies running the asylum. Isn't 20/20 hindsight wonderful? Don't you wish Back To The Future was possible? Have a good one. Hey Sean — Speaking for myself, after having removed most of the egg, I’ve concluded three basic factors for which I was unaware, or underestimated their impact.

1. The bill forcing Fannie/Freddie to make loans nobody in their right mind would ever make. I’ve called it the ‘Good Intentions Kumbuya’ bill.

2. Mortgaged backed securities was like a never ending fine spray of gas on the fire built upon make believe loan underwriting policies. It allowed lenders to turn their capital much more quickly to so many more borrowers.

3. The SEC’s criminal negligence. Their ‘see no evil’ approach to overseeing those under their power resulted in the crazies running the asylum.

Isn’t 20/20 hindsight wonderful? Don’t you wish Back To The Future was possible?

Have a good one.

]]> By: Sean http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1223 Sean Fri, 20 Feb 2009 22:07:37 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1223 Hey Jeff--I was just doing some research on the "Billion here, billion there," quote and found this post... What a different world we now live in, for instance, 11 billion doesn't sound like much at all anymore. And I don't mean to point to this post to make fun of it. To be honest I was more bullish than you were in August '07. And perhaps. The underlying factors that cause this mess likely would have been bad no matter what, but I'd expect, if the media had been a bit more positive this would have a been a very shallow downturn. Housing prices wouldn't have fallen as much, more sub primes could have refinanced, and we would have realized that sub prime wasn't such a great idea and been able to fix it before too many more of these loans were issued. I was actually on Fox Business around November of 2007 to talk about some of the macroeconomic indicators and I was just re-watching the clip the other day. It was somewhat like reading this post. Besides the egg on my face, watching the ticker was kind of amazing, The Dow was around 14,000, the financial stocks that are all now in the dollar bin, were floating over $100 a share, people were still referring to recessions as "the R word." Ahh the good 'ol days Hey Jeff–I was just doing some research on the “Billion here, billion there,” quote and found this post… What a different world we now live in, for instance, 11 billion doesn’t sound like much at all anymore. And I don’t mean to point to this post to make fun of it. To be honest I was more bullish than you were in August ’07. And perhaps. The underlying factors that cause this mess likely would have been bad no matter what, but I’d expect, if the media had been a bit more positive this would have a been a very shallow downturn. Housing prices wouldn’t have fallen as much, more sub primes could have refinanced, and we would have realized that sub prime wasn’t such a great idea and been able to fix it before too many more of these loans were issued.

I was actually on Fox Business around November of 2007 to talk about some of the macroeconomic indicators and I was just re-watching the clip the other day. It was somewhat like reading this post. Besides the egg on my face, watching the ticker was kind of amazing, The Dow was around 14,000, the financial stocks that are all now in the dollar bin, were floating over $100 a share, people were still referring to recessions as “the R word.”

Ahh the good ‘ol days

]]> By: BawldGuy http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1222 BawldGuy Tue, 21 Aug 2007 17:35:56 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1222 Geoff - Now there's an idea! Geoff – Now there’s an idea!

]]> By: Geoff Phelps http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1221 Geoff Phelps Tue, 21 Aug 2007 17:32:22 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1221 Jeff, thanks a bunch for this post. Sure would be nice if papers would include the reporter's qualifications for reporting on the subject in the byline. But I guess that might hurt sales... :-) Jeff, thanks a bunch for this post. Sure would be nice if papers would include the reporter’s qualifications for reporting on the subject in the byline. But I guess that might hurt sales… :-)

]]> By: Jennifer Steck http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1220 Jennifer Steck Mon, 20 Aug 2007 15:30:19 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1220 Jeff- You are most welcome. Your blog is one of my favorite reads. I hope they pull it off. It will be interesting to see where things are a year from now. Jeff- You are most welcome. Your blog is one of my favorite reads. I hope they pull it off. It will be interesting to see where things are a year from now.

]]> By: BawldGuy http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1219 BawldGuy Mon, 20 Aug 2007 01:59:45 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1219 Thanks for the good review, Tom. Your experience seems to underline what we both know about mainstream media -- it's more important how they look and what we think of them than the excellence of the content coming from them. Thanks again. Thanks for the good review, Tom.

Your experience seems to underline what we both know about mainstream media — it’s more important how they look and what we think of them than the excellence of the content coming from them.

Thanks again.

]]> By: Tom http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1218 Tom Mon, 20 Aug 2007 01:49:18 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1218 BawldGuy Excellent post. One of the other blogs I had covered a national story that captivated the nation, and we took a lead roll in the covering of it. For many a night we would be talking to a producer of a national cable show to tell the host what to ask the interviewee as the interview was going on live. It was quite the out of body experience watching my worlds come out of the mouth of a guy being paid millions 20 seconds after I tell the producer what to say. The people in the media do not have much knowledge, but they tend to look good saying it or writing it. Never expect an expert review but instead something written to convince the 95 percent of people out there that have no knowledge of the topic that they have done their research. BawldGuy

Excellent post. One of the other blogs I had covered a national story that captivated the nation, and we took a lead roll in the covering of it. For many a night we would be talking to a producer of a national cable show to tell the host what to ask the interviewee as the interview was going on live. It was quite the out of body experience watching my worlds come out of the mouth of a guy being paid millions 20 seconds after I tell the producer what to say.

The people in the media do not have much knowledge, but they tend to look good saying it or writing it. Never expect an expert review but instead something written to convince the 95 percent of people out there that have no knowledge of the topic that they have done their research.

]]> By: BawldGuy http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1217 BawldGuy Sun, 19 Aug 2007 21:20:20 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1217 Thanks Sock Dude. Thanks Sock Dude.

]]> By: BawldGuy http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1216 BawldGuy Sun, 19 Aug 2007 21:18:39 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1216 Apella - Me too. In their most recent press release, they talked of having just under $50Bil of liquidity before adding the $11.5Bil loan. Their insurance? Don't know that answer. I would refer you however to the 40 fairly large banks around the world who probably do know, and lent them the money. Come back soon Apella. Apella – Me too. In their most recent press release, they talked of having just under $50Bil of liquidity before adding the $11.5Bil loan. Their insurance? Don’t know that answer. I would refer you however to the 40 fairly large banks around the world who probably do know, and lent them the money.

Come back soon Apella.

]]> By: The Feed Bag - Refried and Served Again http://bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1215 The Feed Bag - Refried and Served Again Sun, 19 Aug 2007 20:47:19 +0000 http://www.bawldguy.com/a-billion-here-a-billion-there-and-pretty-soon-your-talking-real-money/#comment-1215 [...] Jeff Brown lifts the couch cushions for loose change in A Billion Here, A Billion There, And Pretty Soon You’re Talking Real Money. [...] [...] Jeff Brown lifts the couch cushions for loose change in A Billion Here, A Billion There, And Pretty Soon You’re Talking Real Money. [...]

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