bobo

Debt is an increase in current spending in exchange for less spending in the future.

UST are gold in a gold standard system.

You must Understand Bank Credit.

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

Can't wait for the BLS to replace Heating Oil in the CPI basket with the VIX.

[bobo @Am9130]

@RudyHavenstein @BenMillerise Jesus Christ Rudy,

Can you NOT be an asshole to me so publicly,

Says my avatar of course, eating fraingras or some shit.

[bobo @Am9130]

@David32375134 Hey bro whats the state of chicago these days?

Has it come back from covid?

[bobo @Am9130]

@michaelxpettis @profplum99

[bobo @Am9130]

@michaelxpettis Well Ill be damned, only saw this from one other dude.

@David32375134

[Michael Pettis @michaelxpettis]

Marriner Eccles 1933 testimony to Congress:

"It is utterly impossible, as this country has demonstrated again and again, for the rich to save as much as they have been trying to save, and save anything that is worth saving. They can save idle factories and useless railroad coaches; they can save empty office buildings and closed banks; they can save paper evidences of foreign loans; but as a class they cannot save anything that is worth saving, above and beyond the amount that is made profitable by the increase of consumer buying.

It is for the interests of the well-to-do – to protect them from the results of their own folly – that we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit."

[Donald Trump Jr. @DonaldJTrumpJr]

Remember when they said Trump would get us into a full-blown war with Iran?

Times like these should make us all realize how lucky we were to have Trump, his strength and his resolve.

[Saagar Enjeti @esaagar]

Yes the United States famously has a recent history of easily disrupting Houthi blockades in the Red Sea

[bobo @Am9130]

@m3_melody How does it work?

A partial claim (30% of mortgage understood)
Who shows you this ?

The bank? Rocket & the non banks?

Then FHA transfers these entities the money? & FHA the program is on the hook for repayment?

If true what is the FHA capacity for losses before needing money?

[bobo @Am9130]

@m3_melody Hello Melody, Thanks for everything by the way I really respect and appreciate all your interactions and analysis.

I have question in regards to all these programs FHA etc,

[bobo @Am9130]

@m3_melody How does it work?

A partial claim (30% of mortgage understood)
Who shows you this ?

The bank? Rocket & the non banks?

Then FHA transfers these entities the money? & FHA the program is on the hook for repayment?

If true what is the FHA capacity for losses before needing money?

[bobo @Am9130]

@m3_melody Hello Melody, Thanks for everything by the way I really respect and appreciate all your interactions and analysis.

I have question in regards to all these programs FHA etc,

[bobo @Am9130]

@David32375134 @lyndseyfifield Hell of a way to do a wellness check on mcconnell

[bobo @Am9130]

@David32375134 @lyndseyfifield Hes dead bro come on,

Was evil.

[bobo @Am9130]

@m3_melody Very good thats what I figured.

Thank you so much!

You are a gentlewoman and a scholar.

[bobo @Am9130]

@m3_melody Thanks by the way.

Who holds the note when a mortgage is securitized with other mortgages and
Then someone buys the mortgage backed security ?

[bobo @Am9130]

@m3_melody For anyone following along I recently found out that https://t.co/Ujn6GSxd3b shows the mortgage history, which redfin realtor and Zillow do not.

So i have been using it to look exclusively at mortgage info and found this gem.

[bobo @Am9130]

@m3_melody So i imagine it will be a large shit sandwhich of a loss,

That loss is going ti FHA? So the loss will eventually be on whose book the ginnie maes of the world?

Does FHA have its own book?

[bobo @Am9130]

@m3_melody Hello melody,

This listing is listed as a short sale with a 200k price,

purchased in 12/2020 for 377k with a bargain sale deed.

With 3 FHA of 32k, 25k ,25k all within 2 years of each other.

What the hell is happening here.

What is the bank liability if no offical mortgage

[bobo @Am9130]

@m3_melody Check out the mortgage area.

FHA 3 times for over 30 grand a pop.

Thats so interesting!

https://t.co/ZUCiLNho4k