{"id":2543,"date":"2008-01-28T05:16:40","date_gmt":"2008-01-28T12:16:40","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2543"},"modified":"2008-01-28T05:24:06","modified_gmt":"2008-01-28T12:24:06","slug":"which-candidate-gets-subprime","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2543\/which-candidate-gets-subprime\/","title":{"rendered":"Which Candidate “gets” Subprime?"},"content":{"rendered":"

Bailout. Stimulus programs. Health care. Subprime. There are lots of problems, or as one of my mentors would say, lots of “opportunities.”<\/p>\n

Which Presidential candidate “gets” the subprime fix in which we find ourselves? Great minds must think alike, as Jay wrote about the subprime issue yesterday<\/a>.<\/p>\n

We need a leader who will have the integrity and boldness to do nothing – let the markets sort themselves out. Artificially delaying the inevitable<\/a>? Great<\/em> idea.<\/p>\n

60 Minutes did quite the story this evening on the subprime problem<\/a>, summed up with this quote:<\/p>\n

“An invitation to fraud … they are being paid not by the veracity of the information but by the consummation of the deal.” … “It would never end; except that it did.”
\n<\/a><\/p><\/blockquote>\n

The economy, not just the American<\/em> economy, but the<\/em> economy – the worlds’<\/em> economy, is broken.<\/p>\n

Excluding all other issues – military, social, international – and focusing on economics and the subprime problem specifically, which of the candidates in the never-ending saga known as the race for the Presidency?<\/p>\n

Might it be this one<\/a>?<\/p>\n

“If you believe in free enterprise and capitalism,” (he) said, “you should have the market forces determining interest rates.”<\/p>\n

It’s the distortion of interest rates by manipulating the money supply that causes bubbles, like the one in housing, to form, he said, and rarely does the Fed take responsibility when these bubbles burst. “They’re not held accountable,” even after the “total chaos” of the past year.<\/p><\/blockquote>\n

What do you think? Which one do you trust the most; which one do you mis<\/em>trust the least? <\/p>\n

Where do we go from here?<\/p>\n","protected":false},"excerpt":{"rendered":"

Stimulus programs.  Health care.  Subprime.  Which candidate “gets” the subprime fix in which we find ourselves?60 Minutes did quite the story this evening on the subprime problem, summed up with this quote:If it sounds like a shell game or Ponzi scheme, it was in a way.Ron Paul says:“If you believe in free enterprise and capitalism,” Paul said, “you should have the market forces determining interest rates.”It’s the distortion of interest rates by manipulating the money supply that causes bubbles, like the one in housing, to form, he said, and rarely does the Fed take responsibility when these bubbles burst.<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-2543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7344,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7344\/the-subprime-bank-of-america\/","url_meta":{"origin":2543,"position":0},"title":"The Subprime Bank of America","author":"Brian Brady","date":"March 6, 2009","format":false,"excerpt":"Remember those impetuous, ne'er do well subprime borrowers and those greedy subprime lenders?\u00a0 Writing about them is sooo... 2007 but I'm happy to report that both greed and reckless abandon are alive and well today.... ...at Bank of America. Remember Ken Lewis?\u00a0 He's that sober-faced, bespectacled CEO of the Charlotte-based\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1555,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1555\/subprime-lending-fallout-goes-upstream-to-take-down-two-major-hedge-funds-what-does-this-mean-to-real-estate-investors\/","url_meta":{"origin":2543,"position":1},"title":"Subprime Lending Fallout Goes Upstream to Take Down Two Major Hedge Funds: What does this Mean To Real Estate Investors?","author":"Cooksquared","date":"June 20, 2007","format":false,"excerpt":"Two major Bear Stearns Hedge Funds face foreclosure due to their significant exposure to the subprime lending market. While this does not fall under the category of real estate investor, I spent last summer working for Bear Stearns and interacting with many of their hedge funds. Based on the very\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1355,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1355\/mortgage-minutes-with-the-fha-expert-old-skool-guvvies-may-solve-the-subprime-meldown\/","url_meta":{"origin":2543,"position":2},"title":"Mortgage Minutes with The FHA Expert: Old Skool Guvvies May Solve the Subprime Meltdown","author":"Brian Brady","date":"April 30, 2007","format":false,"excerpt":"I interviewed \"The FHA Expert\", Jeff Belonger of www.theFHAexpert.com in this 18 minute podcast. This is my first interview so you'll notice two things: 1- I sound like the used auto dealer in a small town that bought the town's only radio station; I'll work on the delivery. 2- Jeff,\u2026","rel":"","context":"In "Interview"","block_context":{"text":"Interview","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/interview\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1356,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1356\/subprime-loans-disappeared-learn-how-to-be-a-hard-money-loan-broker\/","url_meta":{"origin":2543,"position":3},"title":"Subprime Loans Disappeared? Learn How to be a Hard Money Loan Broker","author":"Brian Brady","date":"April 27, 2007","format":false,"excerpt":"Loan originators who have based their business on subprime mortgage products have been feeling the pinch in 2007. Private mortgages or hard money lending may be the solution to your problem. Four originators gathered with three hard money lenders in our podcast. The Lenders: Mitch Zeichner (310) 948-2622 Mitch represents\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1151,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1151\/here-comes-trouble-hillary-clinton-calls-for-subprime-mortgage-action\/","url_meta":{"origin":2543,"position":4},"title":"Here comes trouble: Hillary Clinton calls for subprime mortgage action","author":"Greg Swann","date":"March 15, 2007","format":false,"excerpt":"\"We've got to take action ... the economy is not supporting home ownership the way we need it to.\" Say what?I? The highest rate of homeownership in the history of homeownership is not enough? Surely whatever is done will make everything worse. 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