Comments on: Subprime: everybody start whinging: Part 3, pity the poor investor? http://affordablehousinginstitute.org/blogs/us/2007/12/subprime-everybody-start-whinging-part-3-pity-the-poor-investor.html Affordable Housing Institue Mon, 22 Feb 2010 01:10:03 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: r gambel http://affordablehousinginstitute.org/blogs/us/2007/12/subprime-everybody-start-whinging-part-3-pity-the-poor-investor.html/comment-page-1#comment-2859 r gambel Wed, 19 Dec 2007 21:13:47 +0000 http://affordablehousinginstitute.org/blogs/us/2007/12/subprime-everybody-start-whinging-part-3-pity-the-poor-investor.html#comment-2859 The difference is, I think, that the pols know where the homeowners live; but not the investors. Let me guess: the homeowners(sic) live in electorally high-value swing states? They live in Ohio? Florida? Texas? places like that. The investors, on the other hand, live in all states and even all over the world. Some are ineligible to vote and some are not. Most probably own the mortgages through pension funds and mutual funds so the victim isn't likely to know the full extent of the damage done to their retirement. Even the direct investors don't get a mortgage item like 123 Main St. on their brokerage statement. That get into some investment pool with an impressive and formidable name and then the manager's other Gucci drops. The difference is, I think, that the pols know where the homeowners live; but not the investors. Let me guess: the homeowners(sic) live in electorally high-value swing states?

They live in Ohio? Florida? Texas? places like that. The investors, on the other hand, live in all states and even all over the world. Some are ineligible to vote and some are not. Most probably own the mortgages through pension funds and mutual funds so the victim isn’t likely to know the full extent of the damage done to their retirement. Even the direct investors don’t get a mortgage item like 123 Main St. on their brokerage statement. That get into some investment pool with an impressive and formidable name and then the manager’s other Gucci drops.

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