tag:blogger.com,1999:blog-3758330678390419129.post5432104546703507163..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Foreclosure-Gate Related Disruptions at American Bankers Association Annual MeetingRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-3758330678390419129.post-72429440232264190122010-10-24T14:08:09.334-04:002010-10-24T14:08:09.334-04:00Gonzola Lira writes in the linked article Mulligan...Gonzola Lira writes in the linked article Mulligan Mortgages – The Banks’ Only Way Out: ”A mulligan is a golf term. It’s when your first shot pretty much sucked—so your golf partner lets you take another shot, with no penalty. It’s the gentlemanly thing to do, as it were. A way to keep a lazy Sunday afternoon game interesting. <br /><br />Both the mortgage laden intermediate mutual bond fundstheyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3067158670652334122010-10-21T21:16:14.843-04:002010-10-21T21:16:14.843-04:00Anon,
The three demanded of the ABA a somewhat ...Anon,<br /><br /><i> The three demanded of the ABA a somewhat contradictory set of items from the modification of current loans to demands that more loans be issued. Specifically, the three called on the ABA to:<br />Fix the foreclosure crisis and move millions of families into fair mortgage modifications with principal write-downs.<br /><br />Invest responsibly and sustainably in community-led Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34335315523878473062010-10-21T21:12:50.246-04:002010-10-21T21:12:50.246-04:00Anon,
The three demanded of the ABA a somewhat ...Anon,<br /><br /><i> The three demanded of the ABA a somewhat contradictory set of items from the modification of current loans to demands that more loans be issued. Specifically, the three called on the ABA to:<br />Fix the foreclosure crisis and move millions of families into fair mortgage modifications with principal write-downs.<br /><br />Invest responsibly and sustainably in community-led Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47111481356865764372010-10-21T20:51:20.385-04:002010-10-21T20:51:20.385-04:00Right on Taylor, the root of the problem is gov...Right on Taylor, the root of the problem is gov't encouraging the banks to make these loans through Fannie/Freddie, and cheap money from the FED. Combine that with the FDIC insurance which removes people incentives to watch out for their money at the bank and there you go. Big problems.Unknownhttps://www.blogger.com/profile/00028714927615297910noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68889027244759396032010-10-21T20:41:46.109-04:002010-10-21T20:41:46.109-04:00To Taylor Conant: what we want is a government tha...To Taylor Conant: what we want is a government that does its job. And that job is to protect the country and the people--not the bankers.Sharonsjnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76621600054859774902010-10-21T20:16:48.631-04:002010-10-21T20:16:48.631-04:00Taylor, re-read the article. The 3 ladies with mor...Taylor, re-read the article. The 3 ladies with more guts than you went to a private business banker meeting, they don't want anything from a gov. already in the banker pirate hands. Maybe you are a pirate banker Taylor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55781453327863713692010-10-21T09:53:24.844-04:002010-10-21T09:53:24.844-04:00Survival Time,
Way to go ladies? Are you kidding ...Survival Time,<br /><br />Way to go ladies? Are you kidding me? These entitled commies walk in and start demanding MORE government intervention and you're cheering them on?<br /><br />How clueless are you people? Do you not see where all of this is leading? It's of no benefit to anybody if the people criticizing the status quo want a more interventionist, government controlled "Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21224699590183113882010-10-21T09:39:09.586-04:002010-10-21T09:39:09.586-04:00Police = bitch to the rich. And, an enemy to a fre...Police = bitch to the rich. And, an enemy to a free people.ThePatriotMuckrakernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75211830843136265582010-10-21T08:51:58.433-04:002010-10-21T08:51:58.433-04:00Keep this in mind: The ABA represents the TBTF ban...Keep this in mind: The ABA represents the TBTF banks while the Independent Community Bank Association represents the nation's community banks, who are for the most part, have not participated in the malinvestments and fascist takeover of the system. Members of the ICBA have really have been sounding alarms- See Rusty Clotier, former head of the ICBA and Atlanta FED vice president, he wrote a Anonymoushttps://www.blogger.com/profile/08504539935588996134noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46398895071765879762010-10-21T00:45:54.172-04:002010-10-21T00:45:54.172-04:00I guess the line has finally been crossed. God Sp...I guess the line has finally been crossed. God Speed USAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23980632745608412282010-10-21T00:39:57.299-04:002010-10-21T00:39:57.299-04:00Now that's GUTS!!... way to go ladies!!!
This...Now that's GUTS!!... way to go ladies!!!<br /><br />This is just getting started, news is going to be interesting to watch in the coming days.Survival Timehttp://www.survivaltime.orgnoreply@blogger.com