Comments on: Housing Crisis- the other shoe drops. What happens to us now? http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: anon http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13770 anon Wed, 16 Jul 2008 15:23:14 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13770 The 1/2 marathon world record is 58:33 The 1/2 marathon world record is 58:33

]]> By: telly http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13703 telly Tue, 15 Jul 2008 19:37:22 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13703 Congrats on the 5K. I ran my 1st 5K in a little longer time frame than you (32 minutes) but I like to use the excuse that the winter weather slowed me down. ;) I guess I'll have to sign up for a summer race to test that theory (likely false). Half-marathon in 50 minutes is crazy. Crazy good. Maybe someday... Congrats on the 5K. I ran my 1st 5K in a little longer time frame than you (32 minutes) but I like to use the excuse that the winter weather slowed me down. ;) I guess I’ll have to sign up for a summer race to test that theory (likely false).

Half-marathon in 50 minutes is crazy. Crazy good. Maybe someday…

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13590 admin Mon, 14 Jul 2008 13:32:07 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13590 Investing911- Bear Stearns was not a retail bank. Their collapse was due to a short-term liquidity crunch were lenders and counter-parties to derivatives trades were calling in instruments and they did not have the funds to cover those positions. MDJ- BNS; hard to say. The entire banking industry has a disclosure problem in my eyes. TD had no subprime exposure but then revealed a trader lost $98 million on derivatives trades which leads me to believe the industry has bad risk management controls- too many cowboy traders are running the show. Who really knows what's going on at this point in time? The other thing to remember that BNS is exposed to collateral damage whenever a bank reveals a hit so even if it is clean, its stock price goes down because of the sins of the industry. Dorth- sorry, my fault for using short-hand. Stay in cash is, as you suggest, keep money parked in savings accounts and GIC as opposed to investing it. Investing911- Bear Stearns was not a retail bank. Their collapse was due to a short-term liquidity crunch were lenders and counter-parties to derivatives trades were calling in instruments and they did not have the funds to cover those positions.

MDJ- BNS; hard to say. The entire banking industry has a disclosure problem in my eyes. TD had no subprime exposure but then revealed a trader lost $98 million on derivatives trades which leads me to believe the industry has bad risk management controls- too many cowboy traders are running the show. Who really knows what’s going on at this point in time? The other thing to remember that BNS is exposed to collateral damage whenever a bank reveals a hit so even if it is clean, its stock price goes down because of the sins of the industry.

Dorth- sorry, my fault for using short-hand. Stay in cash is, as you suggest, keep money parked in savings accounts and GIC as opposed to investing it.

]]> By: Dorth http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13584 Dorth Mon, 14 Jul 2008 12:39:12 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13584 Could you please help a newcomer in defining what "Stay in cash" means specifically? Does this mean simply leave liquid cash in a savings account like ing direct for the short term at 3% or does this include things like GIC's and mutual funds? I am just about ready to invest some money and would liek to take the best step possible. Thank you for clearing up my ignorance! Could you please help a newcomer in defining what “Stay in cash” means specifically? Does this mean simply leave liquid cash in a savings account like ing direct for the short term at 3% or does this include things like GIC’s and mutual funds? I am just about ready to invest some money and would liek to take the best step possible. Thank you for clearing up my ignorance!

]]> By: MillionDollarJourney http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13581 MillionDollarJourney Mon, 14 Jul 2008 12:17:59 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13581 What do you think about BNS? I've read that they, along with TD, don't have any subprime exposure. What do you think about BNS? I’ve read that they, along with TD, don’t have any subprime exposure.

]]> By: Investing911 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13573 Investing911 Mon, 14 Jul 2008 10:22:14 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13573 Oh, just wanted to comment on the 80/20 rule. I purchased a house with 0% down and I don't see any problem with this. Even if the house goes down in value, I'll likely have equity in it after a couple of years. The problem in the US was people were in mortgages where the outstanding mortgage amount actually went up each month because their payments were not enough to cover the interest. And this was fine as long as house prices kept going up, but it all eventually hit the fan! Oh, just wanted to comment on the 80/20 rule. I purchased a house with 0% down and I don’t see any problem with this. Even if the house goes down in value, I’ll likely have equity in it after a couple of years. The problem in the US was people were in mortgages where the outstanding mortgage amount actually went up each month because their payments were not enough to cover the interest. And this was fine as long as house prices kept going up, but it all eventually hit the fan!

]]> By: Investing911 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/comment-page-1/#comment-13572 Investing911 Mon, 14 Jul 2008 10:20:03 +0000 http://www.thickenmywallet.com/blog/wp/2008/07/14/housing-crisis-the-other-shoe-drops-what-happens-to-us-now/#comment-13572 I think you're missing the point here. Bear Sterns didn't go under because the was market panic on the stock price and causing it to go under. It was investors pulling their money from the accounts. This cannot happen at Freddie/Fannie.. I don't imagine people will be pulling their money from them! I think you’re missing the point here. Bear Sterns didn’t go under because the was market panic on the stock price and causing it to go under. It was investors pulling their money from the accounts.

This cannot happen at Freddie/Fannie.. I don’t imagine people will be pulling their money from them!

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