I have absolutely no sympathy for Madoff, but every time I see the clip on CNBC where the photographer keeps pushing him, it really disturbs me. Suddenly its no longer illegal to assault those we deem criminals? Maybe we should just start stoning people without a trial? And Joe Kernan (CNBC) suggests the photographer should … Read more Madoff Photographer
What Mrs. Kelly doesn’t see, is that the traditional 20% down payment to secure a loan for an underlying asset that is still likely to drop 10-20% going forward, is not the same security as 20% down in a normal market. Banks would need 30-40% down to not be insane to lend money in this … Read more Response to Mrs. Kelly’s housing analysis on CNBC
These people don’t even know what they are trying to fix. The free markets just let the larger commercial and investment banks price default risks into the market with the lower valuations in the purchase prices. Banks and investors have both increased their leverage in the markets substantially in the past 12 odd years thinking … Read more Pointless Bailout Anyway