Comments on: Hoyer On TARP Reform: Obama Admin ‘Very Likely to Indicate that It Intends to Follow the Provisions Relatively Closely’ http://washingtonindependent.com/25605/hoyer-on-tarp-reform-obama-admin-very-likely-to-indicate-that-it-intends-to-follow-the-provisions-relatively-closely National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: How would you spend $350 Billion? | THE WEEKLY POINT http://washingtonindependent.com/25605/hoyer-on-tarp-reform-obama-admin-very-likely-to-indicate-that-it-intends-to-follow-the-provisions-relatively-closely/comment-page-1#comment-15618 How would you spend $350 Billion? | THE WEEKLY POINT Thu, 15 Jan 2009 12:57:15 +0000 http://washingtonindependent.com/?p=25605#comment-15618 [...] Hoyer On TARP Reform: Obama Admin ‘Very Likely to Indicate that It Intends to Follow the Provision... at washingtonindependent.com by Mike Lillis. [...] [...] Hoyer On TARP Reform: Obama Admin ‘Very Likely to Indicate that It Intends to Follow the Provision… at washingtonindependent.com by Mike Lillis. [...]

]]> By: ProfSamuelDBornstein http://washingtonindependent.com/25605/hoyer-on-tarp-reform-obama-admin-very-likely-to-indicate-that-it-intends-to-follow-the-provisions-relatively-closely/comment-page-1#comment-38086 ProfSamuelDBornstein Thu, 15 Jan 2009 07:11:23 +0000 http://washingtonindependent.com/?p=25605#comment-38086 It is a shame that we are skirting the real issue of our time. How do we get out of this economic quagmire? It seems that we are spending Billions in the hope that these monies will solve the problem. The real problem is the “lack of confidence” by the Borrower in his/her ability to make payments on loans and mortgages, and the “lack of confidence” by the Lender in believing that the Borrower will do so.<br><br>I BELIEVE THAT THERE IS A SOLUTION. The key is the Borrower’s ability to make the monthly mortgage payments on the Subprime and “Toxic” mortgages that will be Resetting in 2009 as part of the 2nd “Tsunami” Wave of Foreclosures.<br><br>If we can “naturally” guide the Borrower to avoid default, we will “turn it all around”. Everyone expects that the Borrower will default and be foreclosed. However, once the markets see that the mortgages are not defaulting, a few wonderful things will happen. First, the media will report that the rate of foreclosure is dropping. Second, the consumer will have more confidence in his/her ability to handle his/her finances. Third, the valuation of the Mortgage Backed Securities will “rise from the ashes”, and all of the previously downvalued securities, whose underlying assets were these “Toxic” mortgages, will encourage investors to come back into the market.<br><br>In fact, the biggest winner will be the US Gov’t who has the greatest stake in the valuation of these “Toxic” mortgages.<br><br>In conclusion, the key is the Borrower… The Solution is a program of “Immediate and Specific Financial Guidance” for the Borrower to make this all happen.<br><br>Samuel D. Bornstein<br>Professor of Accounting & Taxation<br>Kean University, School of Business, Union, NJ<br>Tel: (732) 493 - 4799<br>Email: <a href="mailto:bornsteinsong@aol.com" rel="nofollow">bornsteinsong@aol.com</a> It is a shame that we are skirting the real issue of our time. How do we get out of this economic quagmire? It seems that we are spending Billions in the hope that these monies will solve the problem. The real problem is the “lack of confidence” by the Borrower in his/her ability to make payments on loans and mortgages, and the “lack of confidence” by the Lender in believing that the Borrower will do so.

I BELIEVE THAT THERE IS A SOLUTION. The key is the Borrower’s ability to make the monthly mortgage payments on the Subprime and “Toxic” mortgages that will be Resetting in 2009 as part of the 2nd “Tsunami” Wave of Foreclosures.

If we can “naturally” guide the Borrower to avoid default, we will “turn it all around”. Everyone expects that the Borrower will default and be foreclosed. However, once the markets see that the mortgages are not defaulting, a few wonderful things will happen. First, the media will report that the rate of foreclosure is dropping. Second, the consumer will have more confidence in his/her ability to handle his/her finances. Third, the valuation of the Mortgage Backed Securities will “rise from the ashes”, and all of the previously downvalued securities, whose underlying assets were these “Toxic” mortgages, will encourage investors to come back into the market.

In fact, the biggest winner will be the US Gov’t who has the greatest stake in the valuation of these “Toxic” mortgages.

In conclusion, the key is the Borrower… The Solution is a program of “Immediate and Specific Financial Guidance” for the Borrower to make this all happen.

Samuel D. Bornstein
Professor of Accounting & Taxation
Kean University, School of Business, Union, NJ
Tel: (732) 493 – 4799
Email: bornsteinsong@aol.com

]]> By: ProfSamuelDBornstein http://washingtonindependent.com/25605/hoyer-on-tarp-reform-obama-admin-very-likely-to-indicate-that-it-intends-to-follow-the-provisions-relatively-closely/comment-page-1#comment-15594 ProfSamuelDBornstein Wed, 14 Jan 2009 23:11:23 +0000 http://washingtonindependent.com/?p=25605#comment-15594 It is a shame that we are skirting the real issue of our time. How do we get out of this economic quagmire? It seems that we are spending Billions in the hope that these monies will solve the problem. The real problem is the “lack of confidence” by the Borrower in his/her ability to make payments on loans and mortgages, and the “lack of confidence” by the Lender in believing that the Borrower will do so.<br><br>I BELIEVE THAT THERE IS A SOLUTION. The key is the Borrower’s ability to make the monthly mortgage payments on the Subprime and “Toxic” mortgages that will be Resetting in 2009 as part of the 2nd “Tsunami” Wave of Foreclosures.<br><br>If we can “naturally” guide the Borrower to avoid default, we will “turn it all around”. Everyone expects that the Borrower will default and be foreclosed. However, once the markets see that the mortgages are not defaulting, a few wonderful things will happen. First, the media will report that the rate of foreclosure is dropping. Second, the consumer will have more confidence in his/her ability to handle his/her finances. Third, the valuation of the Mortgage Backed Securities will “rise from the ashes”, and all of the previously downvalued securities, whose underlying assets were these “Toxic” mortgages, will encourage investors to come back into the market.<br><br>In fact, the biggest winner will be the US Gov’t who has the greatest stake in the valuation of these “Toxic” mortgages.<br><br>In conclusion, the key is the Borrower… The Solution is a program of “Immediate and Specific Financial Guidance” for the Borrower to make this all happen.<br><br>Samuel D. Bornstein<br>Professor of Accounting & Taxation<br>Kean University, School of Business, Union, NJ<br>Tel: (732) 493 - 4799<br>Email: <a href="mailto:bornsteinsong@aol.com" rel="nofollow">bornsteinsong@aol.com</a> It is a shame that we are skirting the real issue of our time. How do we get out of this economic quagmire? It seems that we are spending Billions in the hope that these monies will solve the problem. The real problem is the “lack of confidence” by the Borrower in his/her ability to make payments on loans and mortgages, and the “lack of confidence” by the Lender in believing that the Borrower will do so.

I BELIEVE THAT THERE IS A SOLUTION. The key is the Borrower’s ability to make the monthly mortgage payments on the Subprime and “Toxic” mortgages that will be Resetting in 2009 as part of the 2nd “Tsunami” Wave of Foreclosures.

If we can “naturally” guide the Borrower to avoid default, we will “turn it all around”. Everyone expects that the Borrower will default and be foreclosed. However, once the markets see that the mortgages are not defaulting, a few wonderful things will happen. First, the media will report that the rate of foreclosure is dropping. Second, the consumer will have more confidence in his/her ability to handle his/her finances. Third, the valuation of the Mortgage Backed Securities will “rise from the ashes”, and all of the previously downvalued securities, whose underlying assets were these “Toxic” mortgages, will encourage investors to come back into the market.

In fact, the biggest winner will be the US Gov’t who has the greatest stake in the valuation of these “Toxic” mortgages.

In conclusion, the key is the Borrower… The Solution is a program of “Immediate and Specific Financial Guidance” for the Borrower to make this all happen.

Samuel D. Bornstein
Professor of Accounting & Taxation
Kean University, School of Business, Union, NJ
Tel: (732) 493 – 4799
Email: bornsteinsong@aol.com

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