Comments on: Are Collateralized Loans Going To Blow Up The Economy http://www.therealestatebloggers.com/2007/06/28/are-collateralized-loans-going-to-blow-up-the-economy/ Real Estate Blog, Mortgage, and Development News Thu, 18 Mar 2010 14:38:09 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Terence C http://www.therealestatebloggers.com/2007/06/28/are-collateralized-loans-going-to-blow-up-the-economy/comment-page-1/#comment-51199 Terence C Sat, 30 Jun 2007 17:51:35 +0000 http://www.therealestatebloggers.com/2007/06/28/are-collateralized-loans-going-to-blow-up-the-economy/#comment-51199 The article does not concern responsible risk in mortgage lending; it's referring to the lender's mistake of writing up collateralized debt based on an obvious bubble of inflation--not the holder's ability to pay off over time. The article does not concern responsible risk in mortgage lending; it’s referring to the lender’s mistake of writing up collateralized debt based on an obvious bubble of inflation–not the holder’s ability to pay off over time.

]]> By: Harry Houdini http://www.therealestatebloggers.com/2007/06/28/are-collateralized-loans-going-to-blow-up-the-economy/comment-page-1/#comment-50989 Harry Houdini Fri, 29 Jun 2007 13:44:25 +0000 http://www.therealestatebloggers.com/2007/06/28/are-collateralized-loans-going-to-blow-up-the-economy/#comment-50989 When was the last time you did something without risk? When was the last time you crossed the street, drove a car, had sex, bought a stock, boarded a plane, or played sports without risk? This new idea - that everything that carries risk with it is a disaster -- is pure idiocy, and ultimately we can not live our lives with such neurosis. Add the sub-prime meltdown to the Year 2K Disaster, the Housing Bubble Disaster, Black Monday, The RTC Debacle and all the other disasters, financial and otherwise, that never were. When was the last time you did something without risk?

When was the last time you crossed the street, drove a car, had sex, bought a stock, boarded a plane, or played sports without risk? This new idea – that everything that carries risk with it is a disaster — is pure idiocy, and ultimately we can not live our lives with such neurosis.

Add the sub-prime meltdown to the Year 2K Disaster, the Housing Bubble Disaster, Black Monday, The RTC Debacle and all the other disasters, financial and otherwise, that never were.

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