2020 Boise Idaho Real Estate Blog

The Real Reason Behind the Economic Crisis Main Boise Home Builder
The current economic crisis is the top news story for nearly every media outlet. But, somehow, one of the most important factors that led to this challenging market is also one of the least discussed.



That's why I encourage you to follow the link below and watch the video by Barry Habib, Chairman of Mortgage Success Source.




In addition to the video, here is a link to an easy-to-understand article featuring concise information and examples, as well as graphic representations to help demonstrate how mark to market is contributing to the current financial crisis!


Chuck Miller GMB   CGB CGP   MIRM   CMP   MCSP   CSP
President / Builder – Chuck Miller Construction Inc.
(208) 229-2553
Posted by Chuck Miller at 12/30/2008 4:38:00 AM
Comments (3)
Re:The Real Reason Behind the Economic Crisis
Great Video. Very Well done. I think that, though accrate, is still only part of the picture. If this was all there was to it, it could be fixed. Unortunately, there are many more complexities. Greed, and Fear being some of them.
Posted by on 12/30/2008 9:50 AM
Re:The Real Reason Behind the Economic Crisis

As noted, it is one of the things that "led" to the current challenging market. The fear has been brought on, at least in part, to the misinformation that has been disseminated by the media, giving the impression that trillions of dollars in mortgage backed securities have no value and that the federal government and ultimately the American taxpayer is at risk of our $750 billion simply evaporating.

I believe that a large part of the long term solution is education. I believe that basic economics and financial planning should be part of our core curriculm and a requirement in order to graduate.

Knowledge is power. Ignorance leaves us vulnerable.

President / Builder Chuck Miller Construction Inc.
(208) 229-2553
[email protected]

Posted by Chuck Miller on 12/30/2008 10:35 AM
Re:The Real Reason Behind the Economic Crisis

I see MBS pricing and default levels regularly! If you think it is worth so much there is plenty to buy so go get rich....

The accounting was so fradulaent .... this is oversimplistic bunk!

Mis-INFORMATION by the media ---BS there is smart money to buy that toxic waste if it was worth what they claim. It WONT...thats not the media!

This crap was bundled=leveraged- you name it! IF YOU WANT I CAN SELL YOU PACKAGES OF LOANS FOR 10 cents on the dollar now....haha NO SMART MONEY WILL TOUCH!

I have bought Sr positions after CAREFUL EXAMINATION...

There is SO MUCH FRAUD, BS lousy accounting...you can mark to whater=ver you want (thats LEVEL III by the way) the banks are insolvent...

Sorry no time for a real response,
Posted by on 12/30/2008 4:06 PM
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