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[...] http://tbwsdailyshow.com/2012/10/26/basel-iii-not-so-tasty/ Posted in Homeowner, Housing Market, Mortgage Rates | Tags: Denver Home Prices, Denver Home Sales, Denver Home Values, Denver housing market, Denver real estate market, ending financial insanity, lonnie glessner [...]
I am recommending my readers subscribe to your updates. You make dry, boring economic stuff interesting. Gracias.
E.U. is so screwed up, Socialist and Shariaistic influences are taking the majority of the G-20 down…The Almighty Dollar, our world’s reserve currency will shortly follow. Chaos follows, go Giants.
Guys the the name of the town is pronounced Baaazel the a sounds like father…not Bayzel..or Basil…thought you should know
But only over in Europe, odd Phonetic rules, like other their other Suggestions are not applicable here in The States, especialy Alabama.
Basil was however a funny character’s first name played by John Cleese in Fawlty Towers a BBC Sitcom.
Hey Brian, Best Giants shirt ever!!
Basel is actually a pretty nice place. Tough to get a meal in a Cafe if the only language you speak is English, though…Go Giants!
I thought the current Basel standards were typical back in the day? I was under the impression that banks were required to withhold that amount in order to continue business as usual…isn’t that one of the many reasons for the most recent meltdown?
I too love Basil, but not so much Basel.
Let’s see QM is coming and that will raise rates.
Basel III is coming and that will raise rates.
The Super Majority programs like Obamacare aren’t set to hit till after the election and they will raise the inflation rate to a stratospheric level and raise rates.
So are you guys saying we need to be telling all our customers to BUY NOW!!!
Has it occured to you guys that, if holding government debt becomes less attractive to banks, more capital may flow into real estate loans?
That yodeler KILLS!!!
There is an alternative to loan modifications. I just did an appraisal for a company that negotiates with a lender holding a jumbo note that is underwater, to buy the note at a discount of about 70% of current market value. Afterwards, the homeowner refinances & pays off the discounted note. This is currently available nationwide, but only for jumbo loans. Contact me at email@example.com if you want me to refer you to them. As an appraiser, they were very good to do business with.
IF some \smart\ politcians (are you llstening Mitt) or 1%’er (Mitt) could somehow get a bill passed to allow investors, investing in CMO’s, be income tax free for 10 years we would could get out of this mess faster. It would have less of an impact on lending, sidestepping/avoiding BASEL III and create competition that would hold rates down, without the FED \QE3\ continuing into 2015. It would also allow the \can’t talk about\ transision of our \government\ agnencys (FNMA/Freddie) off the hook for 85% of the mortgage production. But this is called capitialism, and lately we have not been able to use words like this.
I love Basel in my spagetti and it’s delish mixed in a muddled blueberry martini, Just Sayin’
I like it as pesto on grilled salmon… yum yum…
Dear Frank & Brian,
Good Friday. I was at the Pleasanton TBWS meeting and want to thank you very much for all your great advice and insights.
Brian, we took a picture together with your phone. Can you please email me the picture when you get a chance.
Well, the rest of us are all doing MORE than we would have thought a few years back, why not have banks have to do so as well. If this alone did not drive up rates something else would. Banks caused a big problem, they should have repercussions.
That was a good overview for a pretty complicated shafting of the banking system. A little more detail in the Basel III requirements is the treatment of contruction and development financing that is “High Risk” and will require twice more reserves than current lending standards. Let’s crush the housing market just a little bit more!
Say what you will about your Giants, Obama is going to come through with a bail out for the Tigers so right before the election he can say not only did I save the Auto industry I saved Detroit a World Series as well.
Absolutely, the best T-Shirt you have ever worn(Brian)! I will now root for the GIANTS because of your Grateful Dead T!
Basel III is just another pawn in the game of capital domination run by the richest individuals and corporations. Their disign is to stifle and strangle smaller companies/countries and cut off opportunities of the average person. This for the percieved power to rule.
Creating jobs and providing services that better the lives of all is not the intent of this organization or the failing governments who subscribe to this garbage.
Would requiring 10% minimum down on Mortgages help liquidity for banks ? Please find out When an equity purchase loan (30% down!) will come back to free up all the cash purchases, allow fluid market for higher values, create employment… Great seeing you in Pleasanton.
Always entertaining and informative
I enjoy the informative programs. You should be congratulated on your efforts. The Onewest-FDIC scam deal was my entry. That certainly haunted the FDIC. Keep up the good work.
I little peek at how things are structured to work internationally and what the influence on domestic banking could be. Thanks for providing the data.
Good awareness program today. Here is today’s article from the American Banker and there opinion of how the CFPB will be addressed.
Maybe a petition can be started if we get the Change in this election to expidite a Change in the attitude and policies of the current CFPB.
CFPB + Basel = Advance course of B.S. 101
The last few minutes of the video was corrupted.Please post the vidwo again.
You may want to refresh your browser. Not having any issues over here.
YOur video was corrupted. The last few minutes could not be seen.
One more time, you 2 S.F. fans are right on with your commentary………..TGIF!!
Will there be a safe place in the world to be when it all comes crashing down on us?
Of course, we all made it through to the end. Who could quit early on your Daily, informative messages..
Yay! Thank you!
Excellent program today. Very informative.
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