Comments on: LIBOR Rate Apparently Rising In Response To BBA Investigation http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: jryskmpr http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11622 jryskmpr Sun, 20 Apr 2008 18:35:18 +0000 http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11622 Oh, and by the way, how about something delicious regarding Obama and housing? FBI moles already have logs of meetings between Obama, Blagojevich and Rezko. The next shoe to fall will be, what was said in those meetings? I think Fitzgerald has enough now to indict Obama, but it won't be long in coming. And housing? R-B-O are simply part of the Community Redevelop Act mafia. This group seeks to displace the urban poor to get the land in cities coveted by developers. They'll put up new housing. Sure! 500 units where 2500 people used to live. The number of poor people in Chicago has been decreasing steadily, and a lot of them have simply been booted out so Rezko can funnel kickback money to Obama. Thanks Barack! Your readers should certainly read Evelyn Pringle's series on the RBO gang at opednews: Friday, April 18, 2008 Barack Obama - Subplots of Operation Board Games - Part I "If Obama becomes the nominee, the Republicans will unleash a non-stop expose of Obama in the mainstream media that will make the swift boat attacks against John Kerry seem trivial. Only this time, they won't have to make lies because the truth will be on their side...." Oh, and by the way, how about something delicious regarding Obama and housing?

FBI moles already have logs of meetings between Obama, Blagojevich and Rezko. The next shoe to fall will be, what was said in those meetings? I think Fitzgerald has enough now to indict Obama, but it won’t be long in coming.

And housing? R-B-O are simply part of the Community Redevelop Act mafia. This group seeks to displace the urban poor to get the land in cities coveted by developers. They’ll put up new housing. Sure! 500 units where 2500 people used to live. The number of poor people in Chicago has been decreasing steadily, and a lot of them have simply been booted out so Rezko can funnel kickback money to Obama. Thanks Barack!

Your readers should certainly read Evelyn Pringle’s series on the RBO gang at opednews:

Friday, April 18, 2008
Barack Obama – Subplots of Operation Board Games – Part I
“If Obama becomes the nominee, the Republicans will unleash a non-stop expose of Obama in the mainstream media that will make the swift boat attacks against John Kerry seem trivial. Only this time, they won’t have to make lies because the truth will be on their side….”

]]> By: jryskmpr http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11621 jryskmpr Sun, 20 Apr 2008 18:10:27 +0000 http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11621 The question isn't, how corrupt is Libor? The question is, how long will governments allow Libor to go on being corrupt? Answer: as long as governments are willing to monetize private debt. Once Andrew Mellon steps in and whispers, "liquidate liquidate liquidate," this will be over too. Step by step, government is withdrawing from a fatally sick society. This will surprise our suburban trough-feeders--that is, everyone who owns a home. Except me. I won't be surprised. I read history. The question isn’t, how corrupt is Libor? The question is, how long will governments allow Libor to go on being corrupt? Answer: as long as governments are willing to monetize private debt.

Once Andrew Mellon steps in and whispers, “liquidate liquidate liquidate,” this will be over too.

Step by step, government is withdrawing from a fatally sick society. This will surprise our suburban trough-feeders–that is, everyone who owns a home. Except me. I won’t be surprised. I read history.

]]> By: Josiphos http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11620 Josiphos Sat, 19 Apr 2008 23:13:53 +0000 http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11620 Let the Libor jump to 56%...I have a fixed rate Let the Libor jump to 56%…I have a fixed rate

]]> By: Russ http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11619 Russ Sat, 19 Apr 2008 15:43:52 +0000 http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11619 "... or about $100 to the monthly payment on a $500,000 adjustable-rate mortgage loan." While adjustable-rate and interest-only mortgages appear to be less available, I hope that nearly all house loan borrowers use fixed-rate, fully-amortizing mortgages now and in the future. Gambling on interest rates fueled gambling on house appreciation and the resulting bubble/bust. “… or about $100 to the monthly payment on a $500,000 adjustable-rate mortgage loan.”

While adjustable-rate and interest-only mortgages appear to be less available, I hope that nearly all house loan borrowers use fixed-rate, fully-amortizing mortgages now and in the future. Gambling on interest rates fueled gambling on house appreciation and the resulting bubble/bust.

]]> By: stevec http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11618 stevec Sat, 19 Apr 2008 15:33:53 +0000 http://housingdoom.com/2008/04/19/libor-rate-apparently-rising-in-response-to-bba-investigation/#comment-11618 Most of the adjustable rate mortgages originated in the US use the LIBOR as their index. Since the majority of those loans begin the interest rate resets in July......the gamblers are about to take another hit. Most of the adjustable rate mortgages originated in the US use the LIBOR as their index. Since the majority of those loans begin the interest rate resets in July……the gamblers are about to take another hit.

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