Comments on: In Light Of Recent Financial Events http://blog.gw-1.com/2008/09/30/in-light-of-recent-financial-events/ Fri, 06 Jan 2012 18:52:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: gw http://blog.gw-1.com/2008/09/30/in-light-of-recent-financial-events/comment-page-1/#comment-1246 gw Fri, 10 Oct 2008 13:22:26 +0000 http://blog.gw-1.com/?p=71#comment-1246 Hey Jere -- Thanks for stopping by. I'm getting back to the blog after coming to grips with the forced resettlement here on the prairie. RSS a no go? I did not know! I shall correct. Godspeed, g. Hey Jere — Thanks for stopping by. I’m getting back to the blog after coming to grips with the forced resettlement here on the prairie.

RSS a no go? I did not know! I shall correct.

Godspeed,

g.

]]> By: Jeremiah http://blog.gw-1.com/2008/09/30/in-light-of-recent-financial-events/comment-page-1/#comment-1244 Jeremiah Thu, 09 Oct 2008 19:21:24 +0000 http://blog.gw-1.com/?p=71#comment-1244 I just found this place by googling myself! Fix your RSS feed son! Nice to read what you've gotta say sir. I just found this place by googling myself! Fix your RSS feed son!

Nice to read what you’ve gotta say sir.

]]> By: gw http://blog.gw-1.com/2008/09/30/in-light-of-recent-financial-events/comment-page-1/#comment-1225 gw Thu, 02 Oct 2008 13:56:37 +0000 http://blog.gw-1.com/?p=71#comment-1225 Thanks Sharon -- I'm not so sure I count as educated on such matters, but I try to keep up a bit on it all. There's a strange & foggy gulf between the people you meet and the people that run amok in Washington, Wall St., Hollywood, etc., but the two worlds have a real, symbiotic relationship and are thus ensnared with mutual responsibilities to understand and healthfully influence the other. Anyway, when I got my first mortgage 4 years ago, I was a total financial schmuck. They threw money at me anyway. This year it was a convoluted muck of stress-laden paperwork to get my second. And this after acting like a highly responsible person for the last four years. (At least on paper, that is.) So it goes. Thanks Sharon — I’m not so sure I count as educated on such matters, but I try to keep up a bit on it all. There’s a strange & foggy gulf between the people you meet and the people that run amok in Washington, Wall St., Hollywood, etc., but the two worlds have a real, symbiotic relationship and are thus ensnared with mutual responsibilities to understand and healthfully influence the other.

Anyway, when I got my first mortgage 4 years ago, I was a total financial schmuck. They threw money at me anyway. This year it was a convoluted muck of stress-laden paperwork to get my second. And this after acting like a highly responsible person for the last four years. (At least on paper, that is.) So it goes.

]]> By: Sharon Pirkle http://blog.gw-1.com/2008/09/30/in-light-of-recent-financial-events/comment-page-1/#comment-1223 Sharon Pirkle Thu, 02 Oct 2008 02:24:28 +0000 http://blog.gw-1.com/?p=71#comment-1223 It's apparent you are an educated constituent-just not in economics. Wall street is viewed as responsible because investors were sold packages of mortgages which included predatory loans made under the Community Reinvestment Act of 1995. These mortgages (which tainted those packaged with them) resulted in foreclosures which hurt both those who the act was intended to help (but may have gotten GREEDY and bitten off more debt than they could service) and the investors who bought them. This was complicated by a mark-to-market accounting rule which requires holders to write-down their investment to a market value depressed by foreclosures. Now we, the DECENT PEOPLE, have the responsibility (and the opportunity to stabilize now and subsequently recover the investment) to preserve (1st) the economy and the ALSO THE PRINCIPLES of our region, our city and our country. It’s apparent you are an educated constituent-just not in economics. Wall street is viewed as responsible because investors were sold packages of mortgages which included predatory loans made under the Community Reinvestment Act of 1995. These mortgages (which tainted those packaged with them) resulted in foreclosures which hurt both those who the act was intended to help (but may have gotten GREEDY and bitten off more debt than they could service) and the investors who bought them. This was complicated by a mark-to-market accounting rule which requires holders to write-down their investment to a market value depressed by foreclosures. Now we, the DECENT PEOPLE, have the responsibility (and the opportunity to stabilize now and subsequently recover the investment) to preserve (1st) the economy and the ALSO THE PRINCIPLES of our region, our city and our country.

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