10 thoughts on “On the Future of Mortgage Finance in the United States”

1. thehelpfund.blogspot

2. the derivatives are just used as way of determining the underlying asset, so, for example, the real value of reserves is the real value on exchange rates, and so on, the value of the indices that are supposed to determine private sector activity are the derivatives, so, you have a mortgage on your property and then a bond for your government, underneath them there is a value that is the realized potential of assets as economic activity increases
   but its not as if that will ever be the only truth

3. i grew up in venezuela during the 80s when the structural adjustment programs (SAPs) were implemented by the IMF
   the reaction was that they hurt the poor, but that was not their intention, the main problem was the implementors did not want to swallow the bitter pill of their own demise, in other words, the middle and upper middle class did not want their lives accounted for under them, the framework was not the problem, the lifestyles under the constraints which would be greater sociallong-term

4. people played along, how many hedge funds are run by transnational people
   if there was a real accounting of the systems there would country constraints (such as capital controls) of people who operate transnationally
   but most derivatives models are still efficient and excellent, when done well, they are a marvel of complexity
   but its impossible to control greed which is a human flaw, and people always want more and the newer and better instead of being happy with the slower and more thoughtful

5. buyer beware, six point two billion people in the planet
   greedy people in usa overconsuming, the system is not at fault, people are, the derivatives system could have constrained the greed instead it amplified and now it is returning
   the real culprit-SEC, DONT AUTHORIZE COMPANIES TO ISSUE FIVE MILLION SHARES FOR CEOS TO TRADE GLOBALLY
   no one can control that monster, its insane to let everything go so crazy, should have slowed down growth of the derivatives in global companies from 1982-onward

6. You want MORE than the already one quadrillion dollars of outstanding fake derivative instruments?

   Who are you? A brainwashed or corrupt Wall Street pipe dream salesman?

7. derivatives were not a bad idea-a lot of industries in developing countries-papua new guinea, uganda got financing that way
   letting innovation come in some areas and recycled into usas centers of financing, trade, industry
   leaving hedge funds to get so large
   and not giving the sec greater mandates to create quality competition in the 80s was criminal
   and the outcome bad for all twenty years later

8. The Bail Out does not help Main Street; it is welfare for Wall Street!

   Small businesses cant get loans; kids cant get loans to go to college; home owners cant get loans; but the elite of Wall Street get to keep their billions of dollars in Christmas bonuses last year!

   And these banks are using the money to give more bonuses to their executives; buying more banks; and, extending gratuitous benefits & pedicures to the corporate aristocracy

   Bankruptcy court would mean returning their bonuses

9. The FED, acting as bartender, gives out free booze to the bankers

   The banks in turn have created many fake instruments like derivatives

   One quadrillion dollars is the sum of outstanding fake derivatives (fake money pledged by the wealthy banks to buy real things) 1,000,000,000,000,000 on the market, (e.g. a bank with only one real dollar can legally say it owns several billions of real dollars) The total combined assets of the world is only actually a very small fraction of that sum!

10. The latest bailout package comes to $2.25 trillion, triple the size of the original $700 billion Amazingly the FED has been paying these bankers 188 billion a day all along

    Altogether, the worlds markets over the past four weeks saw $11 trillion worth of assets wiped out. This sum corresponds to virtually the entire annual gross national product of the US, or the European Union