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April 2009



AP Confuses Car Company with Dead Relative...

April 30, 2009 – Comments (0)

Chrysler succumbs to bankruptcy after struggle- AP

After months of struggling to stay alive... Chrysler finally succumbed to bankruptcy...  [more]



"You Idiots All Paid Too Much For Your Houses..."

April 29, 2009 – Comments (6)

That's essentially what Bernanke ("The Beard," as he's called on Dealbreaker) and his cadre of head-nodders are saying here. They need to keep "purchasing" government paper (really they're just moving money from one pocket to the other and pretending the result isn't just a declaration from on high, a la the Soviets...) in order to artificially lower financing costs so that all the bagholders  homeowners homedebtors out there can refinance, and to try and bring a few new buyers into the mix.  [more]



Good Riddance, Stop yer Whining, Ken.

April 29, 2009 – Comments (6)

April 29 (Bloomberg) -- John Mack and Kenneth Lewis, the chief executive officers of Morgan Stanley and Bank of America Corp., said pay limits tied to federal rescue funds have prompted some executives to leave the firms.   [more]



Only America Could be That Dumb?

April 29, 2009 – Comments (5)

That's the gist of many a protectionist/socialist European politician's whine about derivative securities and the world financial implosion these days. This is an American, or an "Anglo-Saxon" problem (for those who like to lump the Brits in with the U.S.) the story goes.  [more]



More Proof of Morons at CNBC

April 28, 2009 – Comments (10)

Skeptical Investors Don't Quite Trust Obama- CNBC

Wall Street remains essentially where it was when President Obama entered office: chronically unsure about the nation's investing climate.  [more]



Get ready for a lot of BS

April 28, 2009 – Comments (8)

case shiller 2009 Feb  [more]



The Worst is Over?

April 27, 2009 – Comments (1)

chargeoffs  [more]



Got a sharp pencil

April 24, 2009 – Comments (0)

To stab out your eardrums? Welcome to this week's Podcast.

Or subscribe via iTunes.




The New Math

April 23, 2009 – Comments (12)

As explained by a Realtor.  [more]



Reinstating the uptick rule is not enough

April 22, 2009 – Comments (8)

Hat tip to Jim Gillies for the most patriotic read I've seen this year. (And he's a lousy Canuck even.)




Agreeing with Milen

April 21, 2009 – Comments (5)

It's a strange feeling, but hey, I think he's right.  [more]



Need some leads?

April 20, 2009 – Comments (3)

Don't bother stealing the card file. Coffee is still for closers, but now, you can get leads from random jerks who just spam your email box, like this one:


Hello, my name is Ron Stevens and I work for The Survey Resource Center.

For the last 11 years we have conducted nationwide consumer surveys on the mortgage, financial, and insurance industry.

Thanks to Obama's new HOME AFFORDABLE REFINANCE PLAN the doors are opened to a new "wide open" product.

Individuals that didnt qualify in the past now do! Even with a second mortgage, and an LTV of 105%!!!


We just wrapped up a direct mail survey in your community. We have Identified a group individuals that requested info on Obama's new Home Affordable Refinance Plan.


These individuals were asked:
Do you currently have an adjustable rate mortgage? They answered : Yes When is it due to "reset"? They answered : Within 120 days. Would you like to be informed on how Obama's new HOME AFFORDABLE REFINANCE PLAN may be a financial benefit for you? They answered: Yes

They had to fill out a survey that was sent to their home, and mail the information back in requesting to be contacted.

 We back up all of our files with a minimum commission guarantee, for example:if you place an order of 200 survey responder for $900, we back that list up with a $9,000 commission guarantee.

 So if you don't earn at least $9,000 in commissions from a 200 responder file in a three month period we will refund 100% of the purchase price.
We do not re-sell the list to another agent. We give you an exclusive on the file.  We also scrub the list against the national do not call list for you as well. You will be provided with verification that the list was scrubbed.   We also give you a 100% connect rate guarantee,
for any reason you get a bad phone number or address, we will replace that lead for you free of charge.

The average application rate on our list is 10% . So a 200 responder file will net you at least 20 applications.

If this is something you or anyone in your office can put to use, contact me at your earliest convenience and I will be happy to let you know what we have available in your area.

National Sales Rep.
Ron Stevens
305 749 8542 - direct
1-800-370-7330 Ext 8542 - toll free
If you would like to opt-out and bypass further emails click here   [more]



False precision, anyone?

April 16, 2009 – Comments (6)

Federated's Tice Says S&P 500 Is Poised to Plunge 62%


Not "about 2/3" Not "50% or more" 

Sixty-two percent.

Hard to take something like that seriously.



Hoax Now Mortgage Refinance Program

April 16, 2009 – Comments (2)

Remember the fanfare and bombastic promises of the "Hope Now" Program pushed through congress by knee-jerker Barney Frank, and gummed up by everyone else in the Capitol Hill sausage factory?  [more]



AP: Will Do Anything for Positive Housing Headline

April 15, 2009 – Comments (2)

Homebuilder sentiment index "soars."  [more]



Mary Schapiro, Clueless and Pointless at the SEC

April 08, 2009 – Comments (14)

With all the real problems the SEC has failed to stop, it's concentrating on window-dressing once again. Short selling restrictions? That's what they think the trouble is? Short selling?  [more]

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