Comments on: The Mortgage Crisis in Plain English http://thebizguy.com/the-mortgage-crisis-in-plain-english/ One Guys Take on Business, Computers, Real Estate and whatever comes to mind. Fri, 02 Mar 2012 04:28:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Edwin http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-155 Edwin Sat, 22 Nov 2008 12:49:42 +0000 http://capitalactive.wordpress.com/?p=183#comment-155 Thank you very much for your post. Absolutely excellent information and very useful for me. Great done and keep posted. Looking forward to reading more from you. Thank you very much for your post. Absolutely excellent information and very useful for me. Great done and keep posted. Looking forward to reading more from you.

]]> By: Syed Qutub Ahmed http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-154 Syed Qutub Ahmed Mon, 13 Oct 2008 08:37:21 +0000 http://capitalactive.wordpress.com/?p=183#comment-154 Growth with what happened in the current crises in my view should be avoided. Banking and Financial industry is based on maintaining risk factors plus providing options to account holders and Investors. Islamic Banking provide both. Growth with what happened in the current crises in my view should be avoided. Banking and Financial industry is based on maintaining risk factors plus providing options to account holders and Investors. Islamic Banking provide both.

]]> By: Jason Dragon http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-152 Jason Dragon Mon, 13 Oct 2008 02:33:14 +0000 http://capitalactive.wordpress.com/?p=183#comment-152 @Syed - I don't think that would be the fix. Yes it would totally avoid the current situation, but it would also avoid the growth. I rather have both than neither. @Syed – I don’t think that would be the fix. Yes it would totally avoid the current situation, but it would also avoid the growth. I rather have both than neither.

]]> By: Syed Qutub Ahmed http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-153 Syed Qutub Ahmed Thu, 09 Oct 2008 09:53:05 +0000 http://capitalactive.wordpress.com/?p=183#comment-153 With your analysis , I think Islamic Banking System is the only solution to the problem. I am saying this because of the fact that Islamic banks do not rely on bonds or stocks, and are not involved in the buying and selling of debt unlike most conventional European and US banks. Islamic banking is distinguished by the fact that it is prohibited from buying debts under Islamic Sharia law; therefore, Islamic banks are safe from the effects of the global financial crisis. Other than this fact principally Islamic banks are custodians and cannot tarnsfer public deposits to other banks without permission of the depositors. Inter bank liquidity transfer on debt finance basis is not permitted in Islam, which counters liquidity realted problems in the market. With your analysis , I think Islamic Banking System is the only solution to the problem. I am saying this because of the fact that Islamic banks do not rely on bonds or stocks, and are not involved in the buying and selling of debt unlike most conventional European and US banks. Islamic banking is distinguished by the fact that it is prohibited from buying debts under Islamic Sharia law; therefore, Islamic banks are safe from the effects of the global financial crisis.

Other than this fact principally Islamic banks are custodians and cannot tarnsfer public deposits to other banks without permission of the depositors. Inter bank liquidity transfer on debt finance basis is not permitted in Islam, which counters liquidity realted problems in the market.

]]> By: Trade Meme http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-151 Trade Meme Wed, 24 Sep 2008 18:52:06 +0000 http://capitalactive.wordpress.com/?p=183#comment-151 Great post. Thanks for the analysis. Great post. Thanks for the analysis.

]]> By: Shyamal http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-150 Shyamal Tue, 23 Sep 2008 14:32:43 +0000 http://capitalactive.wordpress.com/?p=183#comment-150 Agree with your analysis. US Govt (not being subjected to MTM - which tho an accounting issue, has been the Waterloo for the Investment Banks) will end up making lot of money becuase the assets are a bargain at these levels if one can hold them to maturity. This hashappened in India in 1997 when the largest mutual fund in India had a similar problem and Govt of India bought out the assets which were worth 3x, 4 yrs down the line. Agree with your analysis. US Govt (not being subjected to MTM – which tho an accounting issue, has been the Waterloo for the Investment Banks) will end up making lot of money becuase the assets are a bargain at these levels if one can hold them to maturity. This hashappened in India in 1997 when the largest mutual fund in India had a similar problem and Govt of India bought out the assets which were worth 3x, 4 yrs down the line.

]]> By: riathareja http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-149 riathareja Tue, 23 Sep 2008 06:37:53 +0000 http://capitalactive.wordpress.com/?p=183#comment-149 The rising bad loans are set to pose a huge challenge in the next few years for the banking and finance industry. Banks have already stopped or tightened lending norms for consumer finance and auto loans for fear of higher defaults. Rising interest rates have increased the possibilities of defaults, particularly among customers holding credit cards.Analysts say bad loans will be a major challenge for domestic banks even as regulators prepare to ease restrictions on foreign banks operating in India in 2009.Reserve Bank of India has no choice but to hike rates if inflation is at 12% and that will be a problem because if people have taken a loan of Rs 50 lakhs and paying 7% interest two years ago, now they are paying 14% which means paying double the interest now. This in turn, would lead to lesser number of people defaulting on their home loans in India because, unlike the US, the home-loans market in India is a “user’s market.For more view- realtydigest.blogspot.com The rising bad loans are set to pose a huge challenge in the next few years for the banking and finance industry. Banks have already stopped or tightened lending norms for consumer finance and auto loans for fear of higher defaults. Rising interest rates have increased the possibilities of defaults, particularly among customers holding credit cards.Analysts say bad loans will be a major challenge for domestic banks even as regulators prepare to ease restrictions on foreign banks operating in India in 2009.Reserve Bank of India has no choice but to hike rates if inflation is at 12% and that will be a problem because if people have taken a loan of Rs 50 lakhs and paying 7% interest two years ago, now they are paying 14% which means paying double the interest now. This in turn, would lead to lesser number of people defaulting on their home loans in India because, unlike the US, the home-loans market in India is a “user’s market.For more view- realtydigest.blogspot.com

]]> By: Jason Dragon http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-147 Jason Dragon Tue, 23 Sep 2008 04:21:28 +0000 http://capitalactive.wordpress.com/?p=183#comment-147 @christian. I guess you did not read the end of it and how the government should make a killing in profits from wall street. I think you just don't get it. Raising taxes is not the solution. @christian. I guess you did not read the end of it and how the government should make a killing in profits from wall street. I think you just don’t get it. Raising taxes is not the solution.

]]> By: Tony Orlando http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-146 Tony Orlando Tue, 23 Sep 2008 02:00:45 +0000 http://capitalactive.wordpress.com/?p=183#comment-146 Hello. I like your site and wanted to know if you would be interested in exchanging blogroll links. Thanks in advance Hello.

I like your site and wanted to know if you would be interested in exchanging blogroll links.

Thanks in advance

]]> By: christianliberal http://thebizguy.com/the-mortgage-crisis-in-plain-english/comment-page-1/#comment-148 christianliberal Tue, 23 Sep 2008 01:45:52 +0000 http://capitalactive.wordpress.com/?p=183#comment-148 $700 Billion for Wall Street? It's a rip-off! I just hope that Obama will be elected, and raise taxes on these thieves, so at least we will get some of our money back. Obama promises tax relief for the middle class, and to raise taxes for those making over $250,000 a year. Now if he added even higher taxes for the $1 million-plus crowd, then wouldn’t that be Karmic Justice? $700 Billion for Wall Street?
It’s a rip-off!

I just hope that Obama will be elected, and raise taxes on these thieves, so at least we will get some of our money back. Obama promises tax relief for the middle class, and to raise taxes for those making over $250,000 a year. Now if he added even higher taxes for the $1 million-plus crowd, then wouldn’t that be Karmic Justice?

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