The Ongoing Impact of the Housing Sector

Tuesday, August 28, 2007 | 11:45 AM



John Mauldin is away this week, and so I contributed to his Outside The Box series in a post called "The Ongoing Impact of the Housing Sector."

The fun part of writing that was assigning blame for all of the problems in the credit market. As it turns out, only a few people are actually responsible:

    * Federal Reserve (FOMC)
    * Borrowers
    * Mortgage brokers
    * Appraisers
    * Federal Government
    * Fannie Mae
    * Lending banks
    * Wall Street firms
    * CDO Managers
    * Credit agencies
    * Hedge funds
    * Institutional Investors (pensions, insurance firms, banks, etc.)
    * And back to regulatory role of the Federal Reserve

Other than those few groups, I don't know who else desrves the blame . . .  ;  )

Tuesday, August 28, 2007 | 11:45 AM | Permalink | Comments (39) | TrackBack (3) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference The Ongoing Impact of the Housing Sector:

» Real Estate, Speculation from The Big Picture
Today's WSJ had a run of Real Estate related articles that quite frankly, were rather surprising in their gentle naiveté. The first is the somewhat surprised acknowledgment that speculators were involved in the run up and subsequent deflation of Housin... [Read More]

Tracked on Feb 6, 2008 2:22:58 PM

» Housing Bust Blame Game from The Big Picture
Back in August of 2007, we looked at the The Ongoing Impact of the Housing Sector. At the time, I had assigned blame for all of the problems in the credit market to a variety of institutions and people. The blame went as follows: * Federal Reserve (FOM... [Read More]

Tracked on Mar 19, 2008 11:44:13 AM

» How to Get an "Iffy" loan approved at JPM Chase from The Big Picture
3 handy steps for getting a questionable loan approved by JPM Chase's automatic system:1. Lump all of an applicant's compensation as the applicant's base income, rather than breaking out commissions, bonuses and tips. 2. Do not disclose use of gifts fo... [Read More]

Tracked on Mar 28, 2008 6:45:53 AM


I saw Barbara Corcoran who used to run a realty company and she was blaming the media. It seems there wouldnt be a real estate problem if the media wasnt reporting it.

Posted by: GerryL | Aug 28, 2007 12:04:19 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™