Comments on: Sub-prime crisis – what next in banking? Credit crunch / sub-prime crisis and mortgages, interest rates, share prices, house prices. Comment by keynote conference speaker on Future of Banking and Financial Services – Dr Patrick Dixon

By: tvklaus

tvklaus — Sun, 28 Feb 2010 21:34:35 +0000

The subprime crisis …
The subprime crisis was spotted, f.e., in 2003 by the german magazine “konkret”. But the first who spottet the general development of, let us say, capitalism, was old good guy K. M.

By: BubbFromGEI

BubbFromGEI — Sun, 28 Feb 2010 21:34:35 +0000

The subprime crisis …
The subprime crisis could have been spotted one or two years before it came, using the most simplistic analysis. Anyone who missed it must have beeb rather thick, or was blinded by greed. Packaging toxic waste, only looked complex, because it was designed to blur the risks. Stay away from what you do not understand.

By: lfg323

lfg323 — Sun, 28 Feb 2010 21:34:34 +0000

you are so right on …
you are so right on this. it sux that my people were sold into these type of loans due to ignorance. cash is king, cash is king. its all a transaction business!!!!!!!

By: tellthetruthh

tellthetruthh — Sun, 28 Feb 2010 21:34:34 +0000

HISPANICS were the …
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren’t so greedy they would not be in this situation. Most of them didn’t even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!

By: edward1melnik

edward1melnik — Sun, 28 Feb 2010 21:34:33 +0000

Tellthetruthh, …
Tellthetruthh, change your username to -Idon’tKnowwhatI’m saying. I’m not hispanic,I’m european temoporarily residing in US & I know that you’re totally wrong about everything you wrote. First of all, Hispanics were not given preference to get Mortgages, everyone who could breath and had $20 could get it,secondly and most IMPORTANTLY no person may get any loan even for 1 dollar & especially a Mortgage without SSN. Same as no person may get any SS Benefits without SSN.Check at SSOff before liying

By: geejun30148

geejun30148 — Sun, 28 Feb 2010 21:34:33 +0000

Great stuff Patrick …
Great stuff Patrick, I wish I saw this last year, it would have reinforced my vague knowledge of what was happening .
Anyway guru, what is your view of the next 6 months ahead.

By: valhala56

valhala56 — Sun, 28 Feb 2010 21:34:32 +0000

Great reply edward …
Great reply edward to this rabble rouser tellthetruthh. I suspect that as the US economy implodes he will be a loudmouth rabble rouser scapgoating Hispanics. This kind of thing always happens with angry people looking for a group of people to point their sticky fingers at.

By: investur

investur — Sun, 28 Feb 2010 21:34:32 +0000

You mean the …
You mean the foreigners who have been lending America for 30-40 years are paying for it when America collapses. Most americans have been living beyond their means on the backs of non-Americans.

By: TankMonster105

TankMonster105 — Sun, 28 Feb 2010 21:34:31 +0000

While Obama & the …
While Obama & the Democrats were cashing their big paychecks from FannieMae, McCain and 18 other REPUBLICAN Senators loudly predicted this disaster and tried to STOP it.

Their letter (5 May 06):

tinyurl (dot) com/3q6dc9

(fix the “dot”)

Note that NOT ONE DEMOCRAT signed this letter.

It was published in the NY Times, LA Times, etc.

Where was Sen. Obama that day? Running for President, too busy to care.

He did no favors to those unqualified borrowers. The chickens came home to roost.

By: MagikPoo

MagikPoo — Sun, 28 Feb 2010 21:34:31 +0000

My Dear Dr. Dixson …
My Dear Dr. Dixson you are a goldmine pardon the pun. I was looking for a REAL way to explain to my family what this whole credit fiasco was all about and you sumed it all up in a simple answer no one knows exactly what they are doing. Thanks doc im cured.