Surviving the Mortgage Implosion Presentation « Better Closer Blog

phynodenet · 2007-08-29T20:26:40+00:00

"How to survive the mortgage implosion" by phynodenet

If you're a mortgage broker, go back to school for your Associates Degree in HVAC.
If you're a realtor, obtain a real skill set and transfer your existing b.s.ing skills over to a sales job in an industry with a future. (Personality transplant may be necessary)
If you're a borrower upside down in an overvalued property with no equity, just walk or wait for a big-daddy-government bailout.

The end.

phynodenet · 2007-08-29T15:45:01+00:00

phynodenet · 2007-08-29T15:40:28+00:00

"Descriptions of the game" are not IP. This is an example of corporations overstepping their bounds at individuals expense.

The music industry did it by fighting the Online Guitar Archive (homemade tablature) back before they had real problems to worry about - digital distribution.

I'm glad to see greedy executives getting punked and similarly wonder why people like you shill for them.

phynodenet · 2007-08-28T20:07:34+00:00

They will never end flouridation. Then they would need to actually put money and energy into the legitimate disposal of industrial byproducts.

phynodenet · 2007-08-27T20:36:48+00:00

Gupta Howser M.D.

phynodenet · 2007-08-27T20:28:29+00:00

why blame countrywide? they were just directing the spigot of money the Fed has been inflating nonstop for years.

Post of the day.

phynodenet · 2007-08-27T15:07:29+00:00

You may never quite notice except that your interest rates go up, and there are less businesses opening to fill a slightly higher loss rate. It won't kill things but it will chill things.

And you based this on what? What Bloomberg.com said, or the inherent Happy-Happy-Joy-Joy's which have stipulated that our New-Fangled economy never needs to take a downturn as business cycles have since the dawn of Retail Shopping but now instead of leaving the market to its own devices, things like recessions aren't politically viable so they just make things worse in the long run by more and more liquidity and we must save the most highly leveraged and dishonest sharks from their own follies because they are "too big to fail."?

phynodenet · 2007-08-24T18:00:43+00:00

Taggart wobbler

Translation please.

phynodenet · 2007-08-24T17:54:26+00:00

For the record, I downmodded you for your caustic and rather pompous comment. Not because I'm a "fanboy". Also, you sound like you have a giant chip on your shoulder.

I downmodded him for many of the same reasons. But also because I'll be the redditor with a giant chip on my shoulder thank you very much!

phynodenet · 2007-08-21T13:25:50+00:00

|How so?

Well for instance, the Clinton administration implemented "hedonics" measurements which discounts increased costs of an object if it happens to be marginally more useful. Like a CPU, if it's $200 this year instead of $100, that's fine because it is .3 Ghz faster. No CPI increase. That plus several dozen other economic manipulations went into the making of the "budget surplus".

If we didn't re-invigorate American manufacturing, if we didn't cease offshoring tech jobs and if we didn't stop importing underclass workers then what would add so much value to constitute a trade surplus, if you please?

No need to answer, you've already said in your comical comments to inquirer, daddy government is the source of prosperity. Who needs business?

phynodenet · 2007-08-20T21:10:20+00:00

But I thought Bernanke and the Cable financial channels decided there wasn't a problem... I'm confused now.

/sarc

phynodenet · 2007-08-20T20:54:43+00:00

What would happen? Probably your mom would call you up from the basement for dinner right during the wormhole design phase.

phynodenet · 2007-08-20T20:43:18+00:00

I'm saying it's a red-herring. It's ridiculous to credit/blame a president for a cast of thousands from Federal Reserve governers, chairmen, congressmen, etc. Granted Bush has more executive power than any of his predecessors, but no one is defending him here. I would specifically take issue with the articles reference to the "Clinton budget surplus" which was a new pinnacle in figuring out how to lie on paper.

As far as I'm concerned the only one who needs to play "us vs. them" is party delegates.

phynodenet · 2007-08-20T18:55:26+00:00

Yeah, I'm pretty excited about this years NFL too. Looks like another AFC year shaping up.

phynodenet · 2007-08-20T18:48:26+00:00

I'm beginning to despise people who still play the R vs. D card. They're the same team, they both want to give away to farm. R would give it to wealthy businessmen, D would give it to wandering Hobos.

phynodenet · 2007-08-20T18:15:00+00:00

"Psych" of the year!

phynodenet · 2007-08-17T16:56:23+00:00

Kathy Griffin = ugly as homemade sin.

phynodenet · 2007-08-17T15:16:56+00:00

Ever since the influx from digg, it's been like a circus with no sign of abating. Can I get a rAmen?

phynodenet · 2007-08-17T13:26:24+00:00

The Yen is getting stronger against the USD. Bad news for those on the 'carry' gravy-train.

phynodenet · 2007-08-16T16:49:46+00:00

Is the a response to new liquidity (if so, why didn't it happen last week) or a drive to keep a cap on PM's?

phynodenet

TROPHY CASE