Comments on: Mark Cuban to Government: Show Us How the $700 Billion Will Be Spent http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: kitty http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/#comment-183082 kitty Sun, 28 Sep 2008 03:12:23 +0000 http://www.consumerismcommentary.com/?p=3996#comment-183082 Harold, this is true, but these assets may be undervalued now - as everything on the market is. At least according to some analysts I heard - and obviously it's just an opinion - these assets are valued as if 50-60% of loans will fail and there'll be no recovery. In reality, only about 25% of subprime loans fail, and when the house is sold, it's usually for more than $0. Having said that - while I believe the bailout is necessary, I do think Mark's ideas are excellent. Harold, this is true, but these assets may be undervalued now – as everything on the market is.

At least according to some analysts I heard – and obviously it’s just an opinion – these assets are valued as if 50-60% of loans will fail and there’ll be no recovery. In reality, only about 25% of subprime loans fail, and when the house is sold, it’s usually for more than $0.

Having said that – while I believe the bailout is necessary, I do think Mark’s ideas are excellent.

]]> By: Harold http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/#comment-182349 Harold Wed, 24 Sep 2008 00:35:28 +0000 http://www.consumerismcommentary.com/?p=3996#comment-182349 The government is going to pay more for the assets than what the market will be willing to pay. According to Paulson, these assets will come from many different companies both american and foreign. What the government seems to be doing is creating a market for these assets. The government is going to pay more for the assets than what the market will be willing to pay. According to Paulson, these assets will come from many different companies both american and foreign. What the government seems to be doing is creating a market for these assets.

]]> By: David http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/#comment-182313 David Tue, 23 Sep 2008 18:53:13 +0000 http://www.consumerismcommentary.com/?p=3996#comment-182313 How about we let Cuban invest it in a sports team? Will be worth more in a few years than this mess will, and I don't mind my tax money going towards sports instead of failed companies. ;-) How about we let Cuban invest it in a sports team? Will be worth more in a few years than this mess will, and I don’t mind my tax money going towards sports instead of failed companies. ;-)

]]> By: Mr. ToughMoneyLove http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/#comment-182295 Mr. ToughMoneyLove Tue, 23 Sep 2008 15:08:00 +0000 http://www.consumerismcommentary.com/?p=3996#comment-182295 I am not a big fan of Mark Cuban and his antics but in this case he is spot on. Transparency is key, particularly now that we have the FAS 150 "mark to market" rule. I am not a big fan of Mark Cuban and his antics but in this case he is spot on. Transparency is key, particularly now that we have the FAS 150 “mark to market” rule.

]]> By: Todd http://www.consumerismcommentary.com/2008/09/23/mark-cuban-to-government-show-us-how-the-700-billion-will-be-spent/#comment-182283 Todd Tue, 23 Sep 2008 13:16:58 +0000 http://www.consumerismcommentary.com/?p=3996#comment-182283 Mark is full of good ideas. I really like this approach as well. Shoot for full transparency and open market. Let the open market (independent buyers) drive the prices. great idea! Mark is full of good ideas. I really like this approach as well. Shoot for full transparency and open market. Let the open market (independent buyers) drive the prices. great idea!

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