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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:42 AM Original message |
Question: Is it fair to say Krugman believes mortgage securities have no value at all? |
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KittyWampus (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:48 AM Response to Original message |
1. there are many layers to the onion which is mortgage securities and derivatives and hedge funds |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:56 AM Response to Reply #1 |
4. Alt-A mortgages, like sub prime mortgages, are being paid at a 70% + rate (link) so I don't |
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TayTay (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:05 PM Response to Reply #4 |
9. Does that money including paying back the taxpayers at 100% of investment? |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:35 PM Response to Reply #9 |
12. We'd be in at 100% of these MBS's if we nationalized them and then it'd be on our shoulders still... |
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TayTay (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:03 PM Response to Reply #12 |
19. I think we are still at the "which is better" stage. |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:19 PM Response to Reply #19 |
21. IF you believe the MBS's aren't worth anything and the government hasn't take any steps... |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Mar-23-09 09:23 AM Response to Reply #21 |
33. Great points. |
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Eric J in MN (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:50 AM Response to Original message |
2. If people were buying the mortage-related securities at a high price, |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:02 PM Response to Reply #2 |
5. They don't have to be valuated at a high price...just better than 0 or 20% and if the hedge funds... |
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Eric J in MN (1000+ posts) Send PM | Profile | Ignore | Mon Mar-23-09 08:58 AM Response to Reply #5 |
31. The hedge funds may not repay the $1 trillion in loans they will get, |
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Cleita (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:54 AM Response to Original message |
3. I would go further and nationalize all the extraction industries, like oil, |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:23 PM Response to Reply #3 |
6. I agree with you to some extent but instead of nationalizing those assets regulate the dog snot out |
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Cleita (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:54 PM Response to Reply #6 |
7. Regulation is better done on private sector businesses like manufacturing, |
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AngryAmish (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 01:59 PM Response to Original message |
8. Anything's value is the price you will pay for it |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:31 PM Response to Reply #8 |
10. The securities were initually valuated on whether or not they're going to be paid and that gut check |
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depakid (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:53 PM Response to Reply #8 |
15. I think you're confusing illiquidity with worthlessness |
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AngryAmish (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:50 PM Response to Reply #15 |
23. No I am not |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 04:13 PM Response to Reply #23 |
24. I don't see that it's fair to call the assets worthless yet, we'll see. Default rate on MBS's |
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AngryAmish (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:29 PM Response to Reply #24 |
28. There is only one real price and that is the market price |
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digidigido (553 posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:52 PM Response to Reply #28 |
30. Ahhh a free market troll. The problem with your point is that the value of things changes |
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depakid (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:41 PM Response to Reply #23 |
29. Apparently you are |
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JFKfanforever (145 posts) Send PM | Profile | Ignore | Mon Mar-23-09 09:10 AM Response to Reply #15 |
32. Many of the CDS swaps outstanding will indeed be worthless! |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:31 PM Response to Reply #8 |
26. It depends on what method of valuation you use. |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:32 PM Response to Original message |
11. At least not enough to make investing in them worthwhile. |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:39 PM Response to Reply #11 |
13. Unnn, the MBS's were originally valuated by whether or not the mortgages would get paid and that's.. |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:53 PM Response to Reply #13 |
16. Don't argue with me, argue with Krugman. |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:59 PM Response to Reply #16 |
18. True, it seems like it's such a simple question to ask but he's not addressed it in all I've scanned |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:46 PM Response to Original message |
14. It isn't so simple.....that's for sure, but selecting which process to use |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:58 PM Response to Reply #14 |
17. Bush admin truly screwed us on many fronts, everytime I think about how long their bad policies |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:09 PM Response to Reply #17 |
20. You've got it. |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:28 PM Response to Reply #20 |
22. America spend 40 trillion a decade on health care, You've prolly though about this too;.... |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 04:35 PM Response to Reply #22 |
25. Yep....there certainly could be a lot of pieces that we programmed in advance. |
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joeybee12 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:46 PM Response to Original message |
27. No, what he's saying is that taxpayers should give banks 97% of what they |
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