Anybody Buying Yet? Where’s the Bottom?

[noharleyyet]

Some? Oh sure. There is plenty of blame to go around. The NINJA loans were a huge problem, but the vast majority of them were done by non-bank lenders like Countrywide, IndyMac and host of others. Congress gets some blame for not bailing out Lehman, which caused a fire sale of assets to meet liquidity demands that cascaded through the financial system. But I know funds that bought plenty of mortgage pool for $0.20 on the $ and they ended up getting back over $0.90. It was a very complex situation where people tend to look for a single villain. The reality is we were all in on it, but no one wants to hear that. I always chuckle when someone the borrower doesn't get blamed for anything. But I guess we do the same thing with drugs. We blame the drug dealer and say the user has a disease and needs help.


You default yet? The numbers are the numbers. I'm sure the lender is still over-collateralized in LTV. But I also chuckle when I hear people say they want home prices to come down.

Microwave attention spans...

 

[SAJ-99]

Microwave attention spans...

Certainly part of the problem. But it’s more a problem of core human traits. “Only borrow as much money as you can afford” is right there with “Just say No” and abstinence as sex ed.

 

[SAJ-99]

BHR, you bought the wrong POS stock.

https://www.cnbc.com/2025/12/18/trump-media-djt-tae-fusion-merger.html

 

[BigHornRam]

BHR, you bought the wrong POS stock.

View attachment 396311

https://www.cnbc.com/2025/12/18/trump-media-djt-tae-fusion-merger.html

As did you.

 

[SAJ-99]

As did you.

I have bought my fair share, but I know better than to hold on to them.