All Forum Posts by: Jeff Michaels

Folks, I would love to hear feedback as to how I would best monetize a couple of subprime related websites (and would even consider working on this project with a partner). These sites could be a feeder for bulk buys and short sales. They are the following:

www.subprimebuyout.com
www.subprimeloandefault.com
www.subprimeloanexchange.com
www.bulksubprimebuyout.com
www.subprimeexchange.com

I would welcome any suggestions. I just haven't had enough time to put towards developing these sites. They could really do well in my opinion.

Yeah the ratings agencies were worthless....they basically were on the take too more or less (at least they got caught up in the buying hysteria). John Paulson (not Henry Paulson), like him or not, made a fortune shorting the CDO market because he began to investigate the ratings of these securities and saw how ridiculous all of this risky debt was traded at such low yields..these were really friggin junk bonds

House of Cards was not too bad; however, I just saw a better program on PBS Frontline this past Tuesday night. It took or more "top-down" approach focused on Paulson's flip-flopping with respect to whether or not government should bail out investment banks....letting Lehman Brothers unravel really hammered everything because Lehman was one of the bigger financiers of real estate (both resort and residential) as well as CMBS securities