Comments on: Eurozone Stress Tests http://moslereconomics.com/2009/05/12/eurozone-stress-tests/ St Croix, United States Virgin Islands Thu, 09 Feb 2012 04:52:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dick Bove http://moslereconomics.com/2009/05/12/eurozone-stress-tests/comment-page-1/#comment-6085 Dick Bove Wed, 13 May 2009 00:08:56 +0000 http://www.moslereconomics.com/?p=7913#comment-6085 "Moral hazard is less of an issue as all bank assets are regulated and supervised in any case." I need you to explain things to me, because I am very confused. I worked very hard buying a house in palm beach, spend a lot of time and wealth maintaining my home. 2 years ago an ms-18 gang drug dealing illegal alien got a loan from his latino cousin loan officer at the bank to buy a house next to mine. He partied every night, sold drugs, shot his girlfriend, then burned the house down one night, the embers burned down my palm trees. The loan officer didn't care, he made his bucks and sent the loan securitized do some dumb suckers in china. So this regulation and supervision you talk about has many leaks all over from what I see. I can't wait to go to california and get a loan to start a marijuana farm so I can sell dope to Sada and she can get high while China sends rocketships to the moon - good lord what a 180 america and china have done compared to 100 years ago when 80% of thier country was all opium addicts. “Moral hazard is less of an issue as all bank assets are regulated and supervised in any case.”

I need you to explain things to me, because I am very confused. I worked very hard buying a house in palm beach, spend a lot of time and wealth maintaining my home. 2 years ago an ms-18 gang drug dealing illegal alien got a loan from his latino cousin loan officer at the bank to buy a house next to mine. He partied every night, sold drugs, shot his girlfriend, then burned the house down one night, the embers burned down my palm trees. The loan officer didn’t care, he made his bucks and sent the loan securitized do some dumb suckers in china.

So this regulation and supervision you talk about has many leaks all over from what I see.

I can’t wait to go to california and get a loan to start a marijuana farm so I can sell dope to Sada and she can get high while China sends rocketships to the moon – good lord what a 180 america and china have done compared to 100 years ago when 80% of thier country was all opium addicts.

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