Die USA werben für den Welt-Sozialismus.

[Tonsetzer]

Was meinst du, wie die Leute reagieren werden, wenn ihre Ersparnisse weg sind, weil die Bank pleite ist? Die Regierung der USA handelt hier sehr klug.

edit: Die Wahrheit ist, es wird vermutlich keinen Tag X geben, an dem unser Geld wertlos wird, eher ein Jahrzehnt X, aber mit dem gleichen Resultat. Die expansive Geldpolitik, das beliebige Ausweiten der Geldmenge etc., das führt zu einer beständigen Inflation, also Entwertung der Ersparnisse.

Man braucht sich nur die Preiskurven der knappen Güter anschauen, also diejenigen, die nicht wie Geld beliebig vermehrbar sind.

Einfach ausgedrückt: Man kriegt täglich weniger für sein farbiges Papier, es wird zwar nicht über Nacht wertlos, aber schön langsam und konstant.

[Mondgoettin]

ein Schrei der Verzweiflung der USA....

[FranzKonz]

Es geht ja nicht nur um große Vermögen. Es geht auch und gerade um die kleineren Vermögen.

Wie man's nimmt. Wenn ein armer Schlucker einen Hunderter verliert, trifft es ihn natürlich härter als wenn ein Reicher den gleichen Betrag verliert. Der kleine Häuslebauer, der in seinem Häusle sitzt und inflationsbedingt nur einen Bruchteil des Wertes zurückzahlen muß, den er aufnahm, hat gewonnen. Der Reiche mit großem Barvermögen verliert sein Barvermögen, hat aber sicherlich noch ein paar Sachwerte um immer noch relativ reich zu sein. Und nach diesem Muster kannst Du jetzt weiter vorgehen, und Dir die Auswirkungen vorstellen.

[Haspelbein]

Die Kredite sind in soweit wertlos, als sie durch Häuser besichert wurden, deren Wert niedriger ist, als die Kreditsumme. Was im Umkehrschluß bedeutet, daß die Häuser sehr viel weniger wert sind, als angenommen.

Die Kredite sind nicht wertlos, aber haben oftmals nur einen Teil ihres urspruenglichen Wertes, oftmals Abhaengig von der Art der Kreditvergabe und der Region. Letztendlich sind nur um die 10% der Hypotheken an Privathaushalte von der Krise betroffen.

Das Problem ist jedoch: Die Finanzierung der Kredite in Fonds ist oftmals sehr undurchsichtig. Oftmals weiss man nicht genau, welche Anlage jetzt faul ist, und welche nicht. Daher sind alle auf Hypotheken basierenden Anlagen suspekt, weit ueber die von der Immobilienkrise betroffenen Hypotheken hinaus.

[Don]

Interessant in diesem Zusammenhang auch folgendes:
Ist ziemlich lang, und ich spiele nicht den Übersetzer für Dummköpfe.

Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings


For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted.

Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

[Links nur für registrierte Nutzer] released this list of attempts by President Bush to reform Freddie Mae and Freddie Mac since he took office in 2001.
Unfortunately, Congress did not act on the president's warnings:

** 2001

April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity."

** 2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

** 2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that "although investors perceive an implicit Federal guarantee of [GSE] obligations," "the government has provided no explicit legal backing for them." As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. ("Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO," OFHEO Report, 2/4/03)

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO's review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

** 2004

February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

** 2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)

** 2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, The White House, 8/9/07)

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.

September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, The White House, 12/6/07)

** 2008

January: Bank of America announces it will buy Countrywide.

January: Citigroup announces mortgage portfolio lost $18.1 billion in value.

February: Assistant Secretary David Nason reiterates the urgency of reforms, says "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: Bear Stearns announces it will sell itself to JPMorgan Chase.

March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)

"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

July: Congress heeds the President's call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

In 2005-- Senator John McCain partnered with three other Senate Republicans to [Links nur für registrierte Nutzer].
Democrats blocked this reform, too.

More... Not only did democrats not act on these warnings but Barack Obama put one of the [Links nur für registrierte Nutzer] as finance chairperson.

UPDATE: The media is not reporting that the failed financial institutions are [Links nur für registrierte Nutzer].
Hat Tip Larwyn

[Haspelbein]

Interessant in diesem Zusammenhang auch folgendes:
Ist ziemlich lang, und ich spiele nicht den Übersetzer für Dummköpfe.

Es ist interessant. Jedoch haben sowohl Obama als auch McCain unter ihren Beratern Menschen mit sehr engen Beziehungen zu Faennie Mae und Freddy Mac.

In den 90er Jahren stimmten so ziemlich alle Politiker fuer eine Deregulierung des Banken und Versicherungswesens.

Der Wirtschaftsboom unter Clinton und dem republikanischem Kongress frisst seine Kinder.

[FranzKonz]

Interessant in diesem Zusammenhang auch folgendes:
Ist ziemlich lang, und ich spiele nicht den Übersetzer für Dummköpfe.

Wahrhaftig ein System mit überraschenden Prioritäten: Ein Mann kann problemlos Kriege anzetteln, hat aber nicht die Macht, seine Hausbanken wirksam zu kontrollieren.

[Haspelbein]

Wahrhaftig ein System mit überraschenden Prioritäten: Ein Mann kann problemlos Kriege anzetteln, hat aber nicht die Macht, seine Hausbanken wirksam zu kontrollieren.

So scheint es, wenn man die Macht des Kongresses, und letztendlich die Meinung der Bevoelkerung nicht beruecksichtigt. Der Irakkrieg war zu seinem Beginn relativ populaer. Eine Begrenzung der staatlichen Foerderung und Absicherung von Hypotheken war es nie.

[FranzKonz]

So scheint es, wenn man die Macht des Kongresses, und letztendlich die Meinung der Bevoelkerung nicht beruecksichtigt. Der Irakkrieg war zu seinem Beginn relativ populaer. Eine Begrenzung der staatlichen Foerderung und Absicherung von Hypotheken war es nie.

Der Irakkrieg war so populär, weil eine wahnwitzige Propagandamaschine von Massenvernichtungswaffen und Ersatzhitlers schwadronierte.

[Haspelbein]

Der Irakkrieg war so populär, weil eine wahnwitzige Propagandamaschine von Massenvernichtungswaffen und Ersatzhitlers schwadronierte.

Nein. Im Vergleich mit dem Beginn des Vietnamkrieges in dem die Medien eine aehnliche Rolle spielten (und diese erst waehrend des Krieges aenderten), fand der Irakkrieg fast durchgehend Rueckhalt in der Bevoelkerung. Da spielen schon gesellschaftliche Veraenderungen mit ein.

P.S.: Ich wuerde in dieser Hinsicht weniger der Propagandamaschine der europaeischen Staatsmedien glauben.