it isn't these loans that will slow the economy...

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it isn't these loans that will slow the economy...

TAFKASE — 12/7/2007 11:08:47 PM (archived)

it will be the market's reaction to the loses that causes higher interest rates accross the board and also will cause lenders to be more stingey on future loans...

That will cause a slowdown in economic activity. (Hopefully not a recession, but then we are due for one of those too).

The whole thread (39 posts)

Bush "fixes" mortgage problem - TB - 12/6/2007 12:32:15 AM
- I see it as politics as usual - Eri - 12/7/2007 1:36:53 AM
  - re: I see it as politics as usual - Lindy - 12/7/2007 2:03:54 AM
    - Oh my. - Eri - 12/7/2007 3:46:43 AM
      - re: Oh my. - Lindy - 12/7/2007 5:36:16 AM
        
        Lindy, I agree that it is predatory - TAFKASE - 12/7/2007 3:49:41 PM
        
        re: Lindy, I agree that it is predatory - Lindy - 12/7/2007 3:59:46 PM
        
        Good for you... - TAKFASE - 12/7/2007 4:11:17 PM
- Bush "fix" another illusion - Publius - 12/6/2007 11:20:01 PM
  - Hey Publius - still kicking! Good to see you. (n/t) - Laurie Street - 12/7/2007 5:34:19 PM
- nah... - TAFKASE - 12/6/2007 5:51:17 PM
  - Yeah - Robert - 12/6/2007 11:26:39 PM
    - the only sad part is... - TAFKASE - 12/7/2007 3:28:37 PM
      - Careful - Robert - 12/7/2007 5:10:14 PM
    - Part of the problem... - TB - 12/7/2007 12:32:20 AM
      - Yep - Robert - 12/7/2007 5:01:43 AM
      - Wells Fargo was my original lender - Eri - 12/7/2007 1:40:51 AM
        
        re: Wells Fargo was my original lender - TB - 12/7/2007 3:19:42 AM
        
        Every time you refinance, the salesman makes a commission. - TAFKASE - 12/7/2007 3:41:09 PM
        
        re: Every time you refinance, the salesman makes a commission. - REB - 12/7/2007 6:48:51 PM
        
        short answer: yes! (n/t) - Eri - 12/8/2007 5:21:06 AM
        
        No. In the long run, you will still be much better off. - TAFKASE - 12/7/2007 11:05:04 PM
        
        Same with me - Eri - 12/7/2007 3:48:57 AM
  - Bush did mention years ago... - Lindy - 12/6/2007 11:15:52 PM
  - Opps... It was redlining...Remember banks being told to take on more risky debtors in Redlined areas? (n/t) - TAFKASE - 12/6/2007 5:55:50 PM
    - The subprime market (new villan) was created to stop redlining (old villan) - TAFKASE - 12/6/2007 6:03:28 PM
- ...and here. - Jody - 12/6/2007 12:22:38 PM
- re: Bush "fixes" mortgage problem - azstrummer - 12/6/2007 3:20:39 AM
  - re: Bush "fixes" mortgage problem - TB - 12/6/2007 6:13:40 AM
    - While I agree, a lot of that stupidity has fuelled the country's growth over last 6 years. - Tony - 12/6/2007 3:49:12 PM
      - Don't panic - TB - 12/6/2007 5:42:38 PM
        
        It's not just subprime - Tony - 12/7/2007 3:38:22 PM
        
        BTW, you do know mortgage rates are going down across the board, right? - TB - 12/7/2007 9:44:47 PM
        
        Kinda irrelevant - Tony - 12/7/2007 10:02:01 PM
        
        Don't panic. - TB - 12/7/2007 9:33:43 PM
        
        it isn't these loans that will slow the economy... - TAFKASE - 12/7/2007 11:08:47 PM
        
        100 billion here, 200 billion there, pretty soon we're talking real money..... (n/t) - Tony - 12/7/2007 9:38:40 PM
  - Follow-up on "Flame". (n/t) - Bowser - 12/6/2007 4:22:57 AM
- I'm sure we haven't heard it all yet. Maybe won't. - Bowser - 12/6/2007 3:20:20 AM

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