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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (30224)3/4/2008 11:36:46 AM
From: Madharry  Respond to of 70914 getting whacked today . down 12%. i have no idea why. if i didnt own a boatload i d be buying here and may stll do so if i can free up some cash.

To: Paul Senior who wrote (30224)3/4/2008 12:11:32 PM
From: Suma  Read Replies (1) | Respond to of 70914
If you have a second Paul would you list your gaming stocks.
This whole economy and market is a crap shoot so I may as well look at the gaming industry as it may digest the whole

To: Paul Senior who wrote (30224)3/5/2008 6:13:34 PM
From: Madharry  Respond to of 70914
even though an admitted lottery ticket after buying any financial related stock now I feel like i need to have my head examined. It still seems like there are lots more shoes left to drop. the abk seems like a drop in the bucket and now thornburg cant beem margin calls. Looks like a domino effect, and we may not have seen the peak of the foreclosures by a long shot. bernake and paulson may be making weekly visits to capitol hill before this is over.

To: Paul Senior who wrote (30224)3/5/2008 6:21:52 PM
From: Madharry  Respond to of 70914
fwiw this is my proposal to the housing crisis and this would apply only to single family homes occupied by the mortgagee. I would limit the resets to 30 year bond rate +2.5%. in cases where the value of the property clearly dropped by at least 15%, I would reduced the principal amount to be paid by 15%, that upon sale of the property, first the mortgage balance gets paid off, then the 15% principal gets paid off, then any remaining profits go to the homeowner. Needless to say there wouldnt be any additional mortgages permitted on the property unless the 15% is paid off first. I believe that this type of plan would eliminate a lot of the foreclosures where the borrower still has a job.