iBankCoin

The Great Panic of 2008

[youtube:http://www.youtube.com/watch?v=eBqwtRubyJM 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter

20 comments

  1. mad max

    fuck you!

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  2. Tony "Green'tumbs" Poppagazooli
    Tony "Green'tumbs" Poppagazooli

    Yeah, yeah, dat “FED” bank… it’s gotta chance, I’m tellin’ ya!

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  3. JakeGint

    I think it’s pretty admirable that you featured Mr. M’s infomercial for free like this.

    It’s a just reward for his shaking that crack-meth habit and cleaning up like that.

    _

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  4. The Fly

    to be honest, I didn’t watch this vid until after i posted it.

    I expected it would be on a higher standard. Upon realizing the whorish nature of it, I bumped it off the front page.

    Egregious.

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  5. JakeGint

    I kinda figured…

    _

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  6. Zenprofit

    In Merriam-Webster, the listing for “putz” has this guy’s face.

    You should have posted one of his classics where he is wearing his farmer’s overalls.

    He was nothing a year ago, shilling a $99/mo “advisory” service. Before that he had a free forum, until he canceled it because we (all 20 of us) all criticized his stoopidity.

    Youtube was invented for jerks like him. He lives for trashing Cramer.

    Dumb ass yocal.

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  7. I Fucked ZenProfits Mom Last Night and it wasn't all that bad

    Zen, anyone who bashes Cramer relentlessly, is alright in my book. Fuck his shitty service, his cramer vids are funny. he is doing Christ’s work and should be made a Saint.

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  8. Mr Mortgage

    whatever I can do to expedite the losses at the banks I will you fools.

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  9. Mr Mortgage

    Now, get really short HRB, AGO and NLY and make some money. Especially HRB.

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  10. mad max

    mr. mortgage, kindly STFU for a week or thirty mmmmkay?

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  11. Jakegint

    Short HRB, thanks. BTW — still grateful for your other vids.

    Mad Max — go fuck an otter, eh? Where’s your input?

    __

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  12. Mr Mortgage

    Max is a renter or lives with mommy. He doesn’t understand the pain home owners are experiencing or how many fucked up people there are out there who prey on people who are upside down in their mortgages and need help. Green Credit is an advertiser, I said that in the video. But I know home owners will not get ripped off and many will be saved. I can sleep at night referring people to an advertiser who will help them and not fuck them.

    Now, short HRB, AGO and NLY, which are all ZEROs in the near to mid term.

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  13. weirdo jay

    for some reason i look at the markets and I hear voices of high pitched blood curdeling screams….
    Does this mean there’s “blood in the streets” or there’s blood coming….
    Or did I merely fall asleep with the TV on while some horror movie was on?
    Mr Mortgage, can’t the banks just deduct all of their losses from taxes, keep the property, and borrow more until they “win”?

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  14. mad max

    Mr. Mortgage is an assclown of monumental proportions. I live and own in an incredible place you could only dream of. It’s almost paid off too. Too many people made a complete fuckery out of the real estate business including the punters who bought homes with zero down or time bomb mortgages. They will all go to jail or the poor shithouse, or preferrably both. Now, you my friend are an asshat of biblical proportions using all the fuckery to prey on idiots who are already idiots. You are an opportunist with absolutely NOTHING to offer and should do time with the rest of the goat punting fuckwads.

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  15. Mr Mortgage

    Weirdo – they don’t have that much to deduct. banks took back 25,600 homes in AC alone LAST MONTH for $10.4 billion. They will get 40 cents on that stuff. defaults are escalating. The $10.4 bb is spread heavily on the top 10 banks.

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  16. howard lindzon

    blame blame blame. he’s probably making billion off his egghead infomercials. what a putz

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  17. Employee8

    What’s wrong with HRB … they dumped their black hole (Option One) on Wilbur Ross:

    http://www.forbes.com/2008/03/18/wilbur-ross-update-markets-equities-cx_md_0317markets40.html

    Sure they have pending lawsuits for discrimination, unfair and deceptive practices and such but surely this is spit out the window compared to racking up hugh mortgage write-offs for which they are no longer responsible.

    So what am I missing?

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  18. Mr Mortgage

    No they didn’t – they sold the servicing. They have BILLIONS of exposure. they are a zero. I have the research. I sent it to Fly – he can verify.

    They have off balance sheet entities that are set up to seperate HRB and OOMC. All other SIV’s have been breached and the ‘assets’ came slamming back onto banks balaance sheets. HRB was a must bigger subprime player than almost anyone…#3 in the nation for years running. Everyone else who even looked subprime’s way got smoked and HRB skates?

    Look over their 10k. Glaring problems there that confirm what I say. The biggest are the $3.5 BILLION cash flow swing y-o-y and the $1.1 bb in sold and/or securitzed loans they had to take back as of 4/30 due to EPD, fraud or lender negligence.

    $1.1 bb does not sound like alot but since then their defaults and REO have soared and now they are #6 in loans taken back in the state of CA and #7 nationally. They are on pace to take back $12 bb this year. If 25% are put back for fraud, EPD and lender neg. then HRB is bankrupt. More than 25% fall under those categories however.

    I have volumes in HRB. This is my biggest play. AGO and NLY too of course.

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  19. Mr Mortgage

    Howard – not BILLIONS, just MILLIONS for now. hahahaha.

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  20. Employee8

    MM …. You may be right but Wilbur doesn’t look very good based on an interview this morning …. he could be regurgitating some of what he bit off and couldn’t chew!

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