Spunky Quotes

what a stupid thread. why do so many people want to destroy this board?

Are you really serious? Are you?

Cause if you are, I want to hear about your problems.

ccdevi wasn't around to experience spunky.

spunky was probably the original streeteasy troll. he set the tone for all this great stuff.

his response to every even mildly bearish comment was "get your rent check in. your rent is overdue."

while back then he celebrated that many couldn't afford apartments and rubbed their noses in it, he has surprisingly completely disappeared over the past few months. he may have actually been banned from the site.

either that, or this market is too painful for him to bear.

payback's a bitch.

yes, I agree with faustus and especially dmag2020 - this discussion is extremely helpful

I agree with dmag and ccdevi - let's start more threads like this

"payback's a bitch"

yes, I told you so's on an anonymous internet message board, what a bitch

and yes dmag of course I'm serious, you have to be like 12 years old to think this thread isn't ridiculous

I once promised Spunky I wouldn't gloat if my predictions came to fruition, but given the utter nastiness of a couple of his attacks, it's difficult.

Does spunky think it's better to buy or rent?

he came around towards the end. I recall him buying C at like 28 and MER at like 45 or something, and saying they are 5 year holds while the rest of us tried to explain how they may not survive in their current form.

ahhhhh, those were the days for he eternal optimists. Dow 13,000, foreigners stabilizing Manhattan real estate, there is no credit crisis because stocks are still high, there is no slowdown because gdp is +1.8%, the multinationals and the weak dollar will save the economy, the soon to be announced write-UPS, the dont fight the fed mantra with lower rates, the light at the end of the tunnel speech, the stock market starts to recover before the economy, stuff was great!

ahh, the good ole days.

"soon to be announced write-UPS"

There will be these.

But not soon

steve - yes but that comment was originally made in FEB and MARCH! You want to talk write ups, it will have to wait until mid-late next year, earliest.

we still have alt-a rmbs, prime rmbs, helocs, lbo's, cov lite lbo's, commercial mbs, autos, cc, etc. to work through!

http://www.housingwire.com/2008/11/06/sp-cuts-ratings-on-341-billion-in-alt-a-rmbs/

"Standard & Poor’s Ratings Services said late Wednesday that it had cut its ratings on 1,078 classes from 86 U.S. RMBS Alt-A deals issued in 2006 and 2007 — the latest blow to investors in an already battered mortgage market, and evidence that the nation’s mortgage crisis is moving up the proverbial value chain. In aggregate, the classes with lowered ratings had an original par amount of approximately $34.1 billion, which has been paid down to approximately $28 billion, S&P said.

The cuts should hardly be a surprise — S&P had warned in mid-October that it may cut ratings on as much as $351.7 billion of Alt-A securities."

plenty of downgrades still to come! Question is, how effective TARP is, what prices paid are, where marks were, how many marks were held up, etc..as you know very well Steve, we are not being told the true story of the marks of toxic holdings held on and off balance sheets!

The write-ups will happen, but I agree no one knows when.

Spunky is no EddieWilson.

Of course not. Eddie was right.