The political environment at the time was the biggest problem in Bush making reforms even the fed had a lot of pressure on it not to raise interest rates too fast because of the big housing push. What it comes down to was a big push at public housing again, this time in the form of easy money for mortgages.
You have to understand the big picture. If there is no buyer for loans then the banks have to back them up with their own money so they don't make crazy loans. Change the Fannie/Freddie rules to let them buy whatever crap and then the banks have someone to sell the crap to so they will write as many loans as they can. They sell them charge a fee as the loan servicer. Wall Street got into the act bundling up loans and selling them because there was a huge volume of loans.
If you want to fault someone else look into the rating agencies. They were still rating all Fannie/Freddie loans as AAA????? They weren't at all. Same with the derivatives Wall Street was selling, rated AAA and people who usually buy products like that were unaware of the changes in loan qualifications.
I can go on for 100 pages on what actually happened but you have to look at the original cause. I have used no doc loans before but in the old days you needed 25% down and good credit to get one of those loans. During the housing boom I helped a friend fiancé a $300K house with $3,000 down. That's it 3 grand is all he had into it. I was shocked that I could actually get that done for him. there is no reason in the world that should have happened and that's when I started think about what I was going to be shorting when the housing market started to crash.
Elon is going big not going home. LOL. Tesla's biggest business will be batteries if he pulls it off.
I'm not thinking the Gigi factory will go well in the end.
If you want a Tesla you'll buy a Tesla doesn't matter.
Would this be a problem for the 3rd gen mass market cars??? Yes it would so this needs to be sorted out one way or another.
Wow worst trading advice I've heard in a while.
Question??? What do stocks normally do post dividend????
Might want to read up on Frank and Dodd they can be blamed for set up the conditions for the housing crash. In the liberal circles the talking point started in the 90's was down payments were the biggest obstruction to home ownership for all so Fannie Freddie rules need to be relaxed. There is the smoking gun.
I would worry more about truck sales. Just saying.
Sentiment: Strong Sell
No one really has an answer to that. Future cash flow????? How are you even going to come up with that number???
You wouldn't like the pirate company valuation, Tesla's stock price is a bubble right now due to traders not based on valuation at all.
Sentiment: Strong Sell
Don't trust those numbers, some of those people think you sign up and the government pays.
Still not enough healthy young people either.
Smoking will keep many people thinner, bam bam two problems solved at once.
Penguin guy is back, I'm sure of it. LOL.
I got worried that "they " medicated you out of your delusions.
I'm tired of obese people who are desperate for cheap health care because they are eating themselves to death. Literally. Let's go back to the good ole days of heavy drinking and smoking. They would just drop dead of heart attacks at 50 and not linger on for decades.