Chase > WaMu

[jco1385 5,000+ posts]

Ok then let's try Iran, I'm game.

mccain, is it really you?

 

[duece212 5,000+ posts]

Good. They caused an artificial bubble in the housing market and houses will be dirt cheap by the time I want to buy one. This whole process of correction is a lot slower in the bay area.

I have a feeling if this bailout goes through, housing prices will stay artificially inflated //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[wu36ca 10+ year member]

Time for some good ole fashoined coomunism then. If they want to be bailed out then the gov should do the smart thing and regulate to the core mortgage terms.

 

[duece212 5,000+ posts]

In the bailout with judges being able to "modify" mortage loan terms I wonder how big of "modifications" will be made and what failing mortgagers will have to bring to the table in response to their bailout...

 

[jco1385 5,000+ posts]

i foresee a LOT of corruption and dumbshit happening.

our country is at the edge of the cliff

 

[wu36ca 10+ year member]

i foresee a LOT of corruption and dumbshit happening.
our country is at the edge of the cliff

What you are probably going to see is extremely low interest rates for the sake of maintaining a steady flow of investment. Great if you are borrowing, sucks if you are saving.

 

[Flipx99 5,000+ posts]

What you are probably going to see is extremely low interest rates for the sake of maintaining a steady flow of investment. Great if you are borrowing, sucks if you are saving.

We are going to make another bubble.

 

[duece212 5,000+ posts]

I wish the government would modify my loan terms to a lower interest rate...maybe I should quit paying my bills so I can get bailed out too

We are going to make another bubble.

Are we making another bubble or just allowing this one to continue....do you think we need some kind of correction market and housing wise? I get the feeling we can just keep postponing it but someday its going to have to happen.

 

[wu36ca 10+ year member]

We are going to make another bubble.

I do not doubt. I think there is no motivation for prudent investment practices anymore. Too much money to be made. Its all political. I know there are economists that truly believe the country needs a recession in order to correct things. Unfortunately at this time (especially in an election year) absolutely no one wants to hear the word recession.

 

[duece212 5,000+ posts]

Funny email I got from wamu about 5am this morning...somebody must not have got the memo

Hi Bud,
With kids back in school and a nip in the air, we’re suddenly reminded that the holidays are just around the corner.

Even if you’re not ready to hit the stores, you can cut down on holiday stress by saving a little extra cash today. With Online Savings at an amazing 4.00% APY and great rates on Money Market accounts, we have plenty of ways to kick your holiday savings into gear.

Learn more about your options and these great rates for saving for the holidays.

 

[jco1385 5,000+ posts]

i need an //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

//content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

wat is WaMu?

wachovia? //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

 

[chunky cumz 10+ year member]

I wish the government would modify my loan terms to a lower interest rate...maybe I should quit paying my bills so I can get bailed out too


Are we making another bubble or just allowing this one to continue....do you think we need some kind of correction market and housing wise? I get the feeling we can just keep postponing it but someday its going to have to happen.

lol we have alot of customers like that, and then about a week before we foreclose on them they start freaking out saying "are you really gonna foreclose on me! What about the bush initiative, what about the goverment and such".... a week later, they have no house any more.

 

[Flipx99 5,000+ posts]

washington mutual

It went bankrupt.

 

[wu36ca 10+ year member]

Washington Mutual

 

[evildave101 10+ year member]

i need an //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif
//content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

wat is WaMu?

wachovia? //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

Washington Mutual Inc

Edit: http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/washington_mutual_future