For advertisement

Sample

10/17/2008

Banks buying back risky mortgages

JPMorgan Chase is buying $6b worth of risky mortgages into its own investment portfolio. How could banks be involved in risky products? Or why would banks be allowed to take on such risk? Let's hope this kind of practices stay in the US and our local banks are not allowed to be too adventurous again. Banks are the bedrock of the whole financial system and should not be running around like koyok men selling anything that can make quick money. The dizzzy days of seeking quick profits for big bonuses and unrealistic pay at the top should be frozen. Banks should continue with its traditional business and roles, and grow steadily over time. And for that matter, as a country, we also need to stop this relentless drive to achieve everything in the shortest and quickest time. Population growth, high economic growth, high rental growth, property prices, undergrowth and whatever growth, should be reined in. Time to change the time scale and go for sustainable growth in a more unhurried pace.

15 comments:

Anonymous said...

No wonder they need to guarantee deposits now that people do not trust the banks, once the most secure place to keep savings. By the look of things they are still up to their old habits, maybe these risky mortgages will turn out to be profitable once the crisis blows over and more taxpayer's money are pumped in to help them make such purchases. Sounds illogical to us, but not to them.

redbean said...

the formula of easy money equals high risk, the easier the money the higher the risk is never wrong.

K said...

Mortgages are definitely scary sometimes. Its good to know exactly what you're getting into before doing it. Information is key.

Anonymous said...

[url=http://www.winkeycodes.com]windows 8 product key[/url] Since your lo is newly diagnosed, you can wait a few weeks to let the immune system settle down. [url=http://www.canadagooseonlineoutlet.ca]canada goose outlet[/url] Brnmdetkbqh http://www.innoqua.com czbzvydyj
[url=http://www.monclerparkaonlinestore.com]moncler[/url] ski jacket moncler

Anonymous said...

[url=http://www.winkeycodes.com]windows product key[/url] This has the effect of stopping confrontations as soon as one or the other party wishes not to be involved any further.. [url=http://www.canadagooseonlineoutlet.ca]canada goose jacket[/url] Ynlpnoyawzc http://www.innoqua.com hmyhesvwv
[url=http://www.cdrecimil.com]canada goose outlet[/url] moncler boots sale

Anonymous said...

Then the girl next door and I started having sex and I was juggling the three of them, some time f#cking all three in a day. [url=http://www.vanessabrunosacshop.com]vanessa bruno sacs[/url] The exception in try could have been NullPointerException, OutOfMemoryError or actual I/O exception describing the nature of the problem. [url=http://www.wintercanadagoose.com]canada goose women parka[/url] Sgzhiqosu
[url=http://www.mulberryinoutlet.co.uk]Mulberry[/url] Fjlafyoes [url=http://www.canadagooseparkaca.ca]canada goose toronto factory[/url] fkphioomz

Anonymous said...

For larger groups or even groups of indeterminate size, you could proceed dressed up to look like a swarm of bees. [url=http://www.vanessabrunosacshop.com]cabas vanessa bruno soldes[/url] And it is all done on temporary docks. [url=http://www.wintercanadagoose.com]canada goose outlet[/url] Ogjvxltza
[url=http://www.mulberryinoutlet.co.uk]Mulberry uk[/url] Oqmenrpde [url=http://www.canadagooseparkaca.ca]canada goose jackets[/url] rpngtdxbx

Anonymous said...

Hi, Neat post. There's an issue together with your web site in web explorer, would test this? IE still is the marketplace chief and a large element of folks will miss your magnificent writing because of this problem.
My site > black nfl jerseys

Anonymous said...

This is a topic which is near to my heart.
.. Take care! Exactly where are your contact details though?
My web site Cheap NFL Jerseys.

Anonymous said...

Wow, fantastic blog layout! How long have you been
blogging for? you made blogging look easy. The overall look of your
web site is great, as well as the content!


Look at my blog ... Christian Louboutin sale

Anonymous said...

You can definitely see your expertise in the article you
write. The world hopes for even more passionate writers such
as you who are not afraid to say how they believe.

At all times go after your heart.

my web-site laboutin

Anonymous said...

Hurrah, that's what I was looking for, what a data! present here at this weblog, thanks admin of this web page.

Take a look at my website christian louboutin outlet

Anonymous said...

Thanks for finally talking about > "Banks buying back risky mortgages" < Liked it!

my blog - christian louboutin outlet

Anonymous said...

It's a pity you don't have a donate button! I'd certainly donate to this outstanding blog! I guess for now i'll settle
for book-marking and adding your RSS feed to my Google account.
I look forward to fresh updates and will talk about this
website with my Facebook group. Talk soon!



my homepage ... Christian Louboutin

Anonymous said...

Hi, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot
of spam feedback? If so how do you prevent it, any plugin or
anything you can advise? I get so much lately it's driving me crazy so any assistance is very much appreciated.

Here is my webpage :: michael kors