tag:blogger.com,1999:blog-1740670447258719504.post5668421340450136074..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: "Prescient" is 2000, not 2007Evanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1740670447258719504.post-91141136856768465162013-08-07T09:59:24.399-04:002013-08-07T09:59:24.399-04:00I don't claim to have seen the sub-prime house...I don't claim to have seen the sub-prime house mortgage crisis or the bank run that ensued, but I did get the vague feeling back in the summer of 2004 that there was a lot of money being thrown around willy-nilly (by both the American public and private sectors) while the United States was still occupying Iraq. I got a hazy sense that the course of action on the part of both sectors was madness. <br /><br />Also Daniel, there were other people besides your old colleague, Edward Gramlich - Robert J. Shiller being a famous example, and I also believe that William R. White did have a piece written in the early part of the first decade (sometime after 2000...I think it might've been 2003) of the First Billenium that was also prescient. Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-90231005334547550102013-08-07T00:16:51.334-04:002013-08-07T00:16:51.334-04:00Freddie Mac announced it would stop purchasing the...Freddie Mac announced it would stop purchasing the most risky subprime mortgages and related securities in Feb 2007. <br /><br />Regulating them would be less of a concern if GSEs weren't buying them. <br /><br />I would be interested in what Gramlich wanted specifically. Blocking teaser rates would probably be a good thing. Ken Pnoreply@blogger.com