Comments for "Fannie, Freddie Lift Foreclosure Moratorium"

Ministry of Truth says:

Do you really think foreclosures will go up with Timmy pimping TARP II?

Ministry of Truth Sat Apr 4 12:57:29 2009 CDT #

CRbot says:

This comment thread has been CRC-IZED by yagij (CRbot helped a little).

http://realize.org/cr/crcizer/phpCRCo.php?path=%2F5251123029896216753&ord=asc&csslayout=reg&topic=Fannie%2C+Freddie+Lift+Foreclosure+Moratorium

And for the stubborn old-timers... it's also been HALO-IZED by CRbot.

http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/5251123029896216753

CRbot Sat Apr 4 12:58:17 2009 CDT #

EvilHenryPaulson says:

MrM,
Thank you very much for the link to the BLS PR archive ( http://www.bls.gov/schedule/archives/empsit_nr.htm )

EvilHenryPaulson Sat Apr 4 13:03:40 2009 CDT #

JimPortlandOR says:

If you haven't seen this, must viewing! Black says the bankers have committed fraud.

<a href="http://www.pbs.org/moyers/journal/04032009/watch.html">Bill Moyers (PBS) Journal: with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. </a>

JimPortlandOR Sat Apr 4 13:07:53 2009 CDT #

jo6pac says:

Isn't that wonderful news with home owner foreclosures starting back up and just in time to join the CRE melt down. It just can't get any better than that. CR the charts should getting easier to make with everyhting head in the same way. Sad, well back out to the garden. 8-)
jo6pac

jo6pac Sat Apr 4 13:12:25 2009 CDT #

I Heart CRbot says:

Does it make sense to have comments posted in three places, resulting in only being able to see comments in the one place you are viewing?

No other blog I'm aware of has such a messed up commenting 'system'.

I Heart CRbot Sat Apr 4 13:12:31 2009 CDT #

Anonymous says:

I have to agree 'I Heart CRbot'... the multiple mirroring of comments is a bit crazy here. Sad too since so much of the value of this blog is the comments.

I also can't help suspect that some of the js-kit problems might be related to the bots. How many hits does the 'HALO'ing of each thread take? Are they polling? It wouldn't shock me if the majority of hits on js-kit are bots.

(My appoligies if the bots are using a non-polling algorythm and are getting events from js-kit.)

Parent Post

Anonymous Sat Apr 4 15:58:03 2009 CDT #

8 Ball says:

and this will probably lead to an increase in foreclosures for April....

and May, June and the mid-term future.....

8 Ball Sat Apr 4 13:15:28 2009 CDT #

ATM card and $19 in the bank says:

Two quick thoughts from previous thread:

sportsfan -- glad you liked the music. Pandora is a great resource.

OregonGuy -- I have had good luck with USBank. A feature they have that I like is linking the checking and VISA accounts so that I can make a credit card payment online and the funds are credited to my bill immediately. I'm not sure how many other banks offer that, but my impression is that online bill-pay usually involves the bank mailing a check, which obviously I could do myself...

ATM card and $19 in the bank Sat Apr 4 13:16:08 2009 CDT #

Anonymous says:

It won't take long and the moratorium will be put back in place as the politicians start screaming.

Anonymous Sat Apr 4 13:16:25 2009 CDT #

Black Star Ranch says:

On the 31st, Freddy & Fannie were paid $46-billion by FedGov, right? Now they just paid out $50-million in bonuses and another $200-million still to go?

It won't ever stop until the money is gone - just like AIG - just like the banks - just like the States - just like the pension plans - just like the no more cash cow SSI Revenue - just like the auto makers - just like Medicare & Meds - just like the armed forces bases around the world . . . . . . . . . . .

Black Star Ranch Sat Apr 4 13:21:23 2009 CDT #

Virtual Dawgbot says:

This was just the scheduled end of the moratorium - and this will probably lead to an increase in foreclosures for April. - CR

I give it 10 business days before either an explicit moratorium extension or an implicit (wink-wink) internal suspension is instigated.

Virtual Dawgbot Sat Apr 4 13:26:15 2009 CDT #

NC Jim says:

There are two local banks that are candidates for a future Friday announcement - one of which , Cape Fear Bank (CAPE), as been mentioned by CR in the past. Local fishwrap headline reads "Cape Fear Bank says survival in doubt. Apparently CAPE used brokered deposits to fund insider RE projects (Privitize profits,socialize losses) and a 2/24 cease and dedist order shut off this source of funding.

The other firm is Cooperative Bankshares the parent of Cooperative Bank which is also under a cease and desist order . Cooperative has announced it will report "a loss substantially higher than it had previously predicted".

I suspect failures of small regional banks which ,in essence, are funding vehicles for a select group of developers will increase greatly in coming months. Theree is nothing special in Wilmington NC that is not replicated whereever there was a building boom.

http://www.starnewsonline.com/article/20090403/ARTICLES/904039973/1177?Title=Cape-Fear-Bank-casts-doubt-on-its-survival

http://www.starnewsonline.com/article/20090403/ARTICLES/904039948/1002?Title=Cooperative-Bank-expects-greater-losses

Jim

NC Jim Sat Apr 4 13:37:19 2009 CDT #

CRbot says:

This comment thread has been CRC-IZED by yagij (CRbot helped a little).

http://realize.org/cr/crcizer/phpCRCo.php?path=%2F1714231527182234491&ord=asc&csslayout=reg&topic=Inflation+vs.+Deflation

And for the stubborn old-timers... it's also been HALO-IZED by CRbot.

http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/1714231527182234491

CRbot Sat Apr 4 14:14:45 2009 CDT #

Feckless Ness says:

Jim in Portland - yeah, I caught that interview last night. It kind of fell apart at the end, when it could have been a "Mad as Hell" finish. Black's action items continue to leave it up to the PTB. Would rather he had action items for Joe Sixpack to light a fire under the PTB.

Feckless Ness Sat Apr 4 14:24:12 2009 CDT #

BondsOfSteel says:

RE: Freckless Ness and the relance on the Powers that Be (PTB)

YES! I think his point was right on about how we won't recover untill the people that caused the mess are replaced. He didn't make the next logical leap... relying on the PWB to 'appoint' replacements.

If Congress is going to act, I would like to see them act to give more power to shareholders. The shareholders are the first and biggest losers so far. It's likely that Citibank shareholders will be wipped out... yet they have little power to replace the people who bankrupted the company and no say in the nonimating of new people to take over. They have no direct say on pay.

Most shareholders are long term buy and hold types. who IMHO would have a longer term view/focus than short term casino CEO/boards. Give them more power.

Parent Post

BondsOfSteel Sat Apr 4 16:07:42 2009 CDT #

MrM says:

CR - the comments link to Hoocoodanode.org disappeared from your site

MrM Sat Apr 4 14:27:00 2009 CDT #

Confuscius says:

The ban has been banned.

Confuscius Sat Apr 4 14:52:17 2009 CDT #

sdtfs says:

Does it make sense to have comments posted in three places, resulting in only being able to see comments in the one place you are viewing? No other blog I'm aware of has such a messed up commenting 'system'.

Damn Commie. Ever hear of "freedom of choice"? We're cutting edge. Soon every blog will have multiple commenting sections divided by a common language! If you think this is bad, I hear Broward is planning on opening up a fourth front on our assault on your sensibilties.

sdtfs Sat Apr 4 14:54:10 2009 CDT #

sdtfs says:

Ooooo, I forgot: js-kit, Hoocoodanode, CRC-Ized, and Halo-ized,...hell, we're alredy at four!

sdtfs Sat Apr 4 15:05:46 2009 CDT #

REBear says:

"and this will probably lead to an increase in foreclosures for April."

I thought the economy was showing signs of recovery.

REBear Sat Apr 4 15:14:16 2009 CDT #

Anon says:

Bushes fault!

Parent Post

Anon Sat Apr 4 20:27:52 2009 CDT #

patientrenter says:

As several others have pointed out, the moratorium on foreclosures will be revived, perhaps quietly, if it hasn't already. Populist politicians now make the most important decisions on our nation's lending, for good or for ill.

patientrenter Sat Apr 4 15:17:12 2009 CDT #

CRbot says:

The Latest from Mish:

John Hancock Tower Foreclosure Sale, a 65% Haircut In 3 Years

CRbot Sat Apr 4 15:34:11 2009 CDT #

Comrade De Chaos says:

so there is this japanese TV channel : NHK World, amazing world coverage in English. Right now they show documentary on Chinese market reforms. Just in 1993 the sale of electronic goods was illegal and you had to have a special coupon to purchase TV, VCR, etc.
So market system kicked in and we all now about changes that has happened there. Maybe, just maybe it is too early to proclaim the death of market capitalism.

Comrade De Chaos Sat Apr 4 15:35:51 2009 CDT #

CRbot says:

The Latest from Denninger:

How Does It Feel Ben?

CRbot Sat Apr 4 15:37:19 2009 CDT #

Comrade De Chaos says:

also, an interesting banking story :
http://www.forbes.com/2009/04/03/banking-andy-beal-business-wall-street-beal.html

banker who said no. (the best example of what is wrong with TARP & alike, those programs benefit wrong FIRMS.)

Comrade De Chaos Sat Apr 4 15:38:00 2009 CDT #

EvilHenryPaulson says:

Comrade de Chaos,
thnx for suggestion of NHK World

O/T: NYTimes is threatening shutdown of Boston Globe
http://www.cbc.ca/arts/media/story/2009/04/04/bostonglobe-threat-closing.html

EvilHenryPaulson Sat Apr 4 16:02:05 2009 CDT #

briwerk says:

Um... I don't understand why people are complaining about too many options to view the comments.

You do know, of course, that the Haloizer posted its comments directly back to JS-kit, and all its messages were retrieved from JS-kit (on a 30 second cache).

You also know, of course, that the CRCizer had its own separate database which allowed it to act as a standalone comment system, but also synchronized comments both ways. Meaning that comments posted to JSkit would appear on CRCizer, and the comments posted to CRCizer would also get posted back to JS-kit, thereby maintaining a synchronous view of the comments on all sites, but allowing it to continue to function if JSkit went down for whatever reason.

The only comment system that doesn't post its comments back to JSkit is the new drupal based Hoocoodanode, but why bother when you have a guarantee that you'll be the system to replace jskit.

So any complaints about comments not getting posted back to maintain a consistent view of comments should be directed at Hoocoodanode, since everything I've done or contributed to has not had that problem.

However, I do think you guys will not have too much longer to complain, since haloizer is definitely not getting ported. CRbot will not get ported. CRCizer may or may not get ported, we'll see.

By the way, the bot polls JSkit very gently, and it is not JSkits primary problem. JSkit's problem is managing scale, since they are not just providing comments for CR, but also Mish and many many other sites.

briwerk Sat Apr 4 16:05:52 2009 CDT #

reptillian says:

mortgage pig's now eating comments

reptillian Sat Apr 4 16:05:53 2009 CDT #

Virtual Dawgbot says:

It is sad that things have gotten so bad that no one can raise the anger to protest the complete abrogation of principles inherent in a moratorium. When exactly will the IRS start selectively prosecuting... oh wait. Never mind.

Virtual Dawgbot Sat Apr 4 16:06:55 2009 CDT #

GoinSouth says:

From last thread:

<i>No not all those institutions, instead, "flash banking." We need to target just one at a time. And don't pull accounts. There are too many restrictions. Just withdraw a few hundred in cash and put a strain on their ability to continue to claim solvency. </i>

What restrictions? Yeah, so it takes a week or so to move everything and get new checks.... Open the new account and then begin to transfer when you are ready. I'm moving to Farmers & Merchants Bank from BofA. As long as you have money at one of the "too big to fail" crowd, they are making money on you. They don't like those compensation restrictions? Damn, that's really too bad.

Vote with your wallet. It's the only vote that counts.

I've been suggesting this since Paulson's first bailout made it through the House on the 2nd try.

They're scared to death of a bank run. And it's a relatively painless way to register a protest. Who knows? It might even force the bankster-loving Treasury Department to do what it ought to do. And it might help some local institutions that actually contribute to their communities.

One at a time or all at once? I don't know. But if it's one, I vote for Jamie Dimon's JPM. Is there a more arrogant bastard on the planet?

GoinSouth Sat Apr 4 16:07:45 2009 CDT #

CRbot says:

New Thread: The DAP Legacy: FHA Delinquencies Rise Sharply in 2008
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CRbot Sat Apr 4 16:11:28 2009 CDT #

Virtual Dawgbot says:

GoinSouth,
"They" can move billions with a button. "They" cannot get stacks of green to the right places fast enough when we "flash bank." Nothing like running out of money at a bank branch to send a message. Modern day bank runs can be papered over with a keyboard. No, old fashioned bank runs are the way to protest.

Virtual Dawgbot Sat Apr 4 16:20:28 2009 CDT #

GoinSouth says:

Virtual Dawgbot says:
Today, 5:20:28 PM

“GoinSouth,
"They" can move billions with a button. "They" cannot get stacks of green to the right places fast enough when we "flash bank." Nothing like running out of money at a bank branch to send a message. Modern day bank runs can be papered over with a keyboard. No, old fashioned bank runs are the way to protest.

Sounds right. Disrupting their weekly cash need expectation would be a good tactic. I had originally suggested connecting it to something symbolic like withdrawing $7, $70 or $700 in honor of the $700 billion or giving the teller a roll of toilet paper to symbolize the trash the taxpayer was going to buy.

GoinSouth Sat Apr 4 16:33:44 2009 CDT #

Anonymous says:

The foreclosure moratoriums are effectively still in place since the GSEs will make servicers certify that a borrower is not eligible for HAMP prior to proceeding with a foreclosure sale.

Anonymous Sat Apr 4 17:56:59 2009 CDT #

CRbot says:

New Thread: Summary Post
http://www.calculatedriskblog.com/2009/04/summary-post.html ( 66 comments )

I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)

CRbot is now proud to have the honor of introducing a NEW ERA in CR comments. With the JS-kit, but not below the JS-kit. A independent but integrated solution for all CR fanatics...

Brought to you by the hard work, dedication, and carpal-tunnel ridden fingers of your own yagij (and to a trifling amount your lovable CRbot code janitor, who will be flogged later)....

But first, let me don my ever stylish-- trendy but classic -- black mock turtleneck.
And now, introducing the revolutionary new innovative revolution that will no doubt revolutionize CR comments forever... ENDING the era of agonizing over long, carefully crafted comments only to lose COUNTLESS MINUTES when your comment is eaten by the JS-kit gremlins... CHANGING for all time the way you talk about mortgage pigs, hoopajoops, red and green colored muppets, and born and bred dopes...

With no further adieu... CRbot gives you... THE CRC-IZER!!!!!!!

You can also find a index of the 10 most recent threads, with mobile links at: http://realize.org/cr/crcizer/phpCRo.php

Ahem. Now the skeptical amongst you might consider this to be a joke since it IS April 1st. I find such lack of faith disturbing. Click and BELIEVE!
--Your much-more-db-enhanced bot

yagij and CRbot: Now with more CRC-ized posting power. You can worship us a little now, mortals.

CRbot Sat Apr 4 18:15:11 2009 CDT #