Best of the Exchange: Fannie Mae, Freddie Mac and Value Traps
Minyans make sense of mortgage lenders and the airlines.
With the launch of The Exchange, Minyans now have a forum in which to express their viewpoints, comment on articles and meet other like-minded financial souls. Minyanville publishes "A Best of the Exchange" each Friday to highlight the many insightful posts and discussions going on behind the scenes.
Become part of The Exchange and let your voice be heard!
(Editor's Note: Some of the following posts may have been modified slightly from their original form.)
Prof. Depew brought us a Special Five Things article touching on the Fannie Mae and Freddie Mac situation: Special Five Things You Need to Know: The Crisis of the Real. Much debate followed.
Minyan Michael: Suddenly, the mainstream financial press (yes, that includes Mr. Depew & Minyanville) sound like Ron Paul - questioning the Fed's charter and recognizing the long-term implications of global inflation.
Minyan Dean: Minyanville has been sounding the alarm as long as I've been here. Go yell at someone else.
Minyan William: Michael, You must be new here and have not read all they have written, as your broadside is certainly off target. I only discovered Minyanville about 12 months ago and they were sounding the alarm then. In fact, it was an alarm-sounding article by Mr. Depew posted on a different website's message board that first brought me here. Since I have been here, I have learned that Mr. Depew and the other astute minds at Minyanville have for years been attempting to inform and educate as many as they can about these issues and how to address personal fiscal responsibility.
Prof. Sedacca wrote a two-part article entitled Is the Stock Market a Value Trap? Part 1 and Part 2. The article touched on several issues, and lit a fire under readers.
Minyan Xavier: Bennet, It takes a brave man to stare S&P 650 in the bloodshot eyeballs.
Minyan Jim: The fact that oil and food commodities are up in general do not help the working class it is just more expense for them to bear. The only thing that has helped the working class is house price appreciation over the years. With out it the last ten years would have been miserable for the middle class. However now with home prices declining and the near impossibility of selling a home in today's market the only thing home owners have that is holding its value is the tax assessor's appraisal. Which leaves home owners holding the bag on a tax that has already been spent mostly on pay raises to government workers who get early retirement and excellent medical benefits...
Minyan Ed: Jim, the so-called "liberals" haven't had their chance. It's your friendly neo-cons with big deficit spending, hands off their buddies on Wall Street, declining dollar and no real energy policy. The rich get richer and the middle class slowly disappears. "Those who live in glass houses...". You seemed to have missed a great article by Bennet.
Minyan Dan: Jim, when you get that far along the cynicism path, you might be interested in Derrick Jensen's work. "Endgame" pretty much covers how ridiculous the political arena is when it comes to having any kind of future or logic from 'leaders'. It just depends on which rabbit holes you want to look in. Liberals make a lot of noise about "saving the planet" etc., but only exacerbate the problems they pretend to work for (the only way most of their 'non'profits exist is through the table scraps from industrial philanthropists), while conservatives aren't interested in conserving anything except consumption.
Prof. Jeffery wrote an article discussing many of the problems with the airline industry in Delta Reserves Right To Lose Luggage. Airline horror stories were shared by all.
Minyan Steve: Doesn't everyone know that Delta stands for Don't Expect Luggage To Arrive?
Minyan Jose: To bad that Isabel lost her luggage and I agree that today there is no integrity in anything companies may do or say. Nobody wants to take responsibility for what is said or done. There is no customer service anymore, companies sell you stuff you don't need and then don't want to support it either.
Minyan Ronald: I flew from Ft. Lauderdale to Indianapolis and got delayed for 4 hours on the runway (lots of fun) until they canceled our flight and i had to wait another 5 hours in Washington Dulles. Finally i got to Indy at 2am but my golf clubs were nowhere to be found (i had to rent a set for a morning golf tournament). the clubs never showed up after 2 days but they were waiting for me in Ft. Lauderdale when i got home. After this horrible experience, i called US Air and they quickly gave me a $200 flight certificate + a check to cover the rental expense. This is what every airline should do, it is called customer service which will lead to customer loyalty.
Minyan Nicole: Trust me, I would be royally ticked as well. If you read your baggage claim ticket it has verbiage to the effect of "We won't cover electronics, prescriptions, expensive clothing, personal effect or anything else except for Hanes Underwear."
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