Comments on: Schadenfreude: The Psychology of Housing Retribution and Justice. The Fantastic AG, BB, and HP. http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/ How I Learned to Love Southern California and Forget the Housing Bubble Sat, 22 Nov 2008 07:31:48 +0000 http://wordpress.org/?v=2.2.2 By: Glen Cunningham http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-6021 Glen Cunningham Fri, 18 Jan 2008 05:19:49 +0000 http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-6021 Greenspan has been in favor of free market capitalism. One could argue that he's been too in favor with it. Look how corporations have made their ties to the government stronger. That is a consequence of free market capitalism. Greenspan has been in favor of free market capitalism. One could argue that he’s been too in favor with it. Look how corporations have made their ties to the government stronger. That is a consequence of free market capitalism.

]]> By: breckenridge http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-4307 breckenridge Tue, 25 Dec 2007 06:28:57 +0000 http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-4307 I'm just amazed and disturbed by the decline of US dollar and the current state of our economy. We put CEOs in jail for accounting fraud or insider trading but we are not willing to hold the same strict punishment to those who intentionally or unintentionally destroy our economy. I’m just amazed and disturbed by the decline of US dollar and the current state of our economy. We put CEOs in jail for accounting fraud or insider trading but we are not willing to hold the same strict punishment to those who intentionally or unintentionally destroy our economy.

]]> By: Anti-Envy http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3983 Anti-Envy Sat, 22 Dec 2007 18:17:33 +0000 http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3983 Schadenfreude indeed. Having read most of Rand's works, meeting Greenspan a couple of times, and being a commercial Realtor in past (way past) moments, I'm genuinely disappointed that Alan could not fully recognize the dangers of the derivative debacle now unfolding. However, like most everything else, things are usually more complex than one might imagine. NONE of us had (or have) ALL the information Alan had. Still, we all must act on whatever information available to us. Hello, CHAOS Theory. ;-) As to ENVY (often called shadenfreude); it is much more diabolically evil and ubiquitous than most imagine. Read for yourself at Finally, in my view, this "Bubble" has only just begun. Pay very serious attention to what will surely become the Mother-of-all-LAWYER-retirement-plans in the coming Great Lawsuit Wars. On the left we have the bookend called "Homeowner", and waaaay on the right we have the bookend known as "Investor" (Both individuals and institutions). In between are the juiciest banquet guests (lawsuit targets) one can imagine: * Loan originators / mortgage companies * Banks * Appraisers * Realtors * Builders * Wall Street Investment Banks (Lehman Brothers, et al.) * Wall Street Brokers and Brokerage firms (Too many to name) * Trust entities set up to sell the securitized loans. (Spooky things.) * Rating firms like Moody's, etc. (Keeping Ponzi alive) * Insurance companies like A.I.G. (Have Mercy on us all.) * All others I missed Before this dance along the time-space continuum is over, most, or all, the above will be suing and fighting each other like two cats (tails tied together) slung over a clothesline. (Pitiful sight) Folks, it's rather simple; you must be able to "PROVE you own what you say you own." On October 31, 2007, Judge Boyko in Cleveland made that abundantly clear to Deutches Bank, didn't he? Think about that. DB attorney's aren't stupid; WHY could they NOT prove they had foreclosure rights? When you've sliced and diced derivatives/tranches using the science known as "particle physics of real estate" (brilliant quote I stole from a site that I can't remember -- sorry, author) DB may not be ABLE to trace down EVERY loan. Especially, if some loans ended up in 2-3 different securities, as was reported. What FRAUD? Think how many world-class envy mongers will be let loose on the Great Unwashed. Everywhere up and down the legal-battle food chain. Whoooeeeeee! A new definition of "Lawyer Up" will be writ large. Cheers, Anti-Envy Schadenfreude indeed.

Having read most of Rand’s works, meeting Greenspan a couple of times, and being a commercial Realtor in past (way past) moments, I’m genuinely disappointed that Alan could not fully recognize the dangers of the derivative debacle now unfolding.

However, like most everything else, things are usually more complex than one might imagine. NONE of us had (or have) ALL the information Alan had.

Still, we all must act on whatever information available to us. Hello, CHAOS Theory. ;-)

As to ENVY (often called shadenfreude); it is much more diabolically evil and ubiquitous than most imagine.

Read for yourself at

Finally, in my view, this “Bubble” has only just begun. Pay very serious attention to what will surely become the Mother-of-all-LAWYER-retirement-plans in the coming Great Lawsuit Wars.

On the left we have the bookend called “Homeowner”, and waaaay on the right we have the bookend known as “Investor” (Both individuals and institutions).

In between are the juiciest banquet guests (lawsuit targets) one can imagine:

* Loan originators / mortgage companies
* Banks
* Appraisers
* Realtors
* Builders

* Wall Street Investment Banks (Lehman Brothers, et al.)
* Wall Street Brokers and Brokerage firms (Too many to name)
* Trust entities set up to sell the securitized loans. (Spooky things.)
* Rating firms like Moody’s, etc. (Keeping Ponzi alive)
* Insurance companies like A.I.G. (Have Mercy on us all.)

* All others I missed

Before this dance along the time-space continuum is over, most, or all, the above will be suing and fighting each other like two cats (tails tied together) slung over a clothesline. (Pitiful sight)

Folks, it’s rather simple; you must be able to “PROVE you own what you say you own.” On October 31, 2007, Judge Boyko in Cleveland made that abundantly clear to Deutches Bank, didn’t he? Think about that.

DB attorney’s aren’t stupid; WHY could they NOT prove they had foreclosure rights?

When you’ve sliced and diced derivatives/tranches using the science known as “particle physics of real estate” (brilliant quote I stole from a site that I can’t remember — sorry, author) DB may not be ABLE to trace down EVERY loan.

Especially, if some loans ended up in 2-3 different securities, as was reported. What FRAUD?

Think how many world-class envy mongers will be let loose on the Great Unwashed. Everywhere up and down the legal-battle food chain. Whoooeeeeee!

A new definition of “Lawyer Up” will be writ large.

Cheers, Anti-Envy

]]> By: SwissLuxury.Com http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3708 SwissLuxury.Com Fri, 21 Dec 2007 11:52:00 +0000 http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3708 $800K Home in Corona? How much is CFC set to lose on this treasure? $800K Home in Corona? How much is CFC set to lose on this treasure?

]]> By: SoCalWatcher http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3529 SoCalWatcher Thu, 20 Dec 2007 05:04:41 +0000 http://www.doctorhousingbubble.com/schadenfreude-the-psychology-of-housing-retribution-and-justice-the-fantastic-ag-bb-and-hp/#comment-3529 Ian... I think it is confusing credit with wealth. Ian… I think it is confusing credit with wealth.

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