Comments for Bedrock Coaching http://bedrockcoaching.com Build your success Wed, 21 Sep 2011 04:39:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Are You a Slave to Money? by mingha1234 http://bedrockcoaching.com/are-you-a-slave-to-money/comment-page-1/#comment-60 mingha1234 Wed, 21 Sep 2011 04:39:00 +0000 http://financecoach.wordpress.com/?p=56#comment-60 www.your-fetishes.com http://www.your-fetishes.com

]]> Comment on When Clouds Gather – Preparing for Emergencies by caroleb http://bedrockcoaching.com/when-clouds-gather-preparing-for-emergencies/comment-page-1/#comment-59 caroleb Mon, 08 Nov 2010 21:27:00 +0000 http://bedrockcoaching.com/?p=634#comment-59 Very impressed with this blog. I love it! Y'all are making such great decisions. :) Very impressed with this blog. I love it! Y’all are making such great decisions. :)

]]> Comment on How Much Does that Really Cost – Opportunity Cost by Tweets that mention How Much Does that Really Cost - Opportunity Cost | Bedrock Coaching -- Topsy.com http://bedrockcoaching.com/how-much-does-that-really-cost-opportunity-cost/comment-page-1/#comment-55 Tweets that mention How Much Does that Really Cost - Opportunity Cost | Bedrock Coaching -- Topsy.com Fri, 22 Oct 2010 14:10:49 +0000 http://bedrockcoaching.com/?p=566#comment-55 [...] This post was mentioned on Twitter by Rob Bennett, Deacon Bradley. Deacon Bradley said: How much does it REALLY cost? The opportunity cost of spending - http://ow.ly/2XIFc [...] [...] This post was mentioned on Twitter by Rob Bennett, Deacon Bradley. Deacon Bradley said: How much does it REALLY cost? The opportunity cost of spending – http://ow.ly/2XIFc [...]

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Deacon Bradley http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-54 Deacon Bradley Thu, 14 Oct 2010 15:17:00 +0000 http://bedrockcoaching.com/?p=558#comment-54 Well said Rob. I watched a 60 minute special on Goldman's behavior up do and during the financial crisis and not once was the word "restraint" or "morals" used. You're totally right that without restraint capitalism gets a bad rep (and rightly so). Thanks for stopping by Rob! Well said Rob. I watched a 60 minute special on Goldman’s behavior up do and during the financial crisis and not once was the word “restraint” or “morals” used. You’re totally right that without restraint capitalism gets a bad rep (and rightly so). Thanks for stopping by Rob!

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Deacon Bradley http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-53 Deacon Bradley Thu, 14 Oct 2010 15:13:00 +0000 http://bedrockcoaching.com/?p=558#comment-53 Excellent point Gregg. I guess stated income loans and all the other junk sounded great when real estate prices were guaranteed to go up. Free money! uggh Excellent point Gregg. I guess stated income loans and all the other junk sounded great when real estate prices were guaranteed to go up. Free money! uggh

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Anonymous http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-52 Anonymous Thu, 14 Oct 2010 11:46:00 +0000 http://bedrockcoaching.com/?p=558#comment-52 I have said this from day 1 and people thought I was crazy. A lot of times Wall Street was the victim and Fannie Mae/Freddie were going to be much bigger problems than sub prime. Wall street had no idea what they were buying because Fannie Mae/Freddie mac sold the mortgages (sealed/rated through Moodys) as "A" paper loans. If you had a 680 score , self-employed for 1 day, stated income, stated assets, 5% down.....you would get the same loan/rate as a doctor for 20 years with a million dollars in the bank. This is a ton more riskier than sub prime....plus sub prime washed through the system within 12-18 months......we still have a LONG WAY to go until we flatten out. expect a whole another wave of foreclosures in 2011-2012 that will be a lot worse than what we have already experienced... That kills me to say because by nature, im a positive guy.... I have said this from day 1 and people thought I was crazy.
A lot of times Wall Street was the victim and Fannie Mae/Freddie were going to be much bigger problems than sub prime. Wall street had no idea what they were buying because Fannie Mae/Freddie mac sold the mortgages (sealed/rated through Moodys) as “A” paper loans.
If you had a 680 score , self-employed for 1 day, stated income, stated assets, 5% down…..you would get the same loan/rate as a doctor for 20 years with a million dollars in the bank.
This is a ton more riskier than sub prime….plus sub prime washed through the system within 12-18 months……we still have a LONG WAY to go until we flatten out.
expect a whole another wave of foreclosures in 2011-2012 that will be a lot worse than what we have already experienced…
That kills me to say because by nature, im a positive guy….

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Tweets that mention Is Wall Street Responsible for the Mortgage Meltdown? | Bedrock Coaching -- Topsy.com http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-51 Tweets that mention Is Wall Street Responsible for the Mortgage Meltdown? | Bedrock Coaching -- Topsy.com Thu, 14 Oct 2010 11:25:37 +0000 http://bedrockcoaching.com/?p=558#comment-51 [...] This post was mentioned on Twitter by Rob Bennett and Rob Bennett, Rob Bennett. Rob Bennett said: We're all responsible. We all either participated in the bull market or kept quiet while others participated http://bit.ly/bCWXbS [...] [...] This post was mentioned on Twitter by Rob Bennett and Rob Bennett, Rob Bennett. Rob Bennett said: We're all responsible. We all either participated in the bull market or kept quiet while others participated http://bit.ly/bCWXbS [...]

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Rob Bennett http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-50 Rob Bennett Thu, 14 Oct 2010 10:32:00 +0000 http://bedrockcoaching.com/?p=558#comment-50 We're all responsible. Every last one of us. We all either participated in the bull market or encouraged others to participate or kept quiet while others participated knowing on some level of consciousness that they were destroying themselves. Those in higher positions of responsibility are MORE responsible. For obvious reasons. It is their JOB to step up to the plate when things like this happen. No, this is NOT capitalism, at least not the form that we are accustomed to in this country. This was pure greed. In cartoon versions capitalism is portrayed as being pure greed. But the capitalism that made our society a rich and free one was not pure greed. Capitalism puts greed to good uses but it works only when there are RESTRAINTS on the greed. A company that will sell any product that makes a buck, even if it hurts people in very serious ways, is not engaging in the good form of capitalism. The idea that there is no need for investors to lower their stock allocations when prices rise to insanely dangerous levels (Buy-and-Hold) is the sick, pure-greed form of capitalism. That form of capitalism gives capitalism a bad name. I think we are going to need to reform Buy-and-Hold so that it works in the real world. I think we are going to do it. We are today in the process of working up the courage needed to do the job. Rob We’re all responsible. Every last one of us. We all either participated in the bull market or encouraged others to participate or kept quiet while others participated knowing on some level of consciousness that they were destroying themselves.

Those in higher positions of responsibility are MORE responsible. For obvious reasons. It is their JOB to step up to the plate when things like this happen.

No, this is NOT capitalism, at least not the form that we are accustomed to in this country. This was pure greed. In cartoon versions capitalism is portrayed as being pure greed. But the capitalism that made our society a rich and free one was not pure greed. Capitalism puts greed to good uses but it works only when there are RESTRAINTS on the greed. A company that will sell any product that makes a buck, even if it hurts people in very serious ways, is not engaging in the good form of capitalism. The idea that there is no need for investors to lower their stock allocations when prices rise to insanely dangerous levels (Buy-and-Hold) is the sick, pure-greed form of capitalism. That form of capitalism gives capitalism a bad name.

I think we are going to need to reform Buy-and-Hold so that it works in the real world. I think we are going to do it. We are today in the process of working up the courage needed to do the job.

Rob

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Kevin M http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-49 Kevin M Wed, 13 Oct 2010 20:25:00 +0000 http://bedrockcoaching.com/?p=558#comment-49 Moral restraint is a tough road when all the signs are pointing in the other direction. I think that was the case here. In nearly all quarters, partaking in the great mortgage giveaway was painted as an unqualified "good thing". Moral restraint is a tough road when all the signs are pointing in the other direction. I think that was the case here. In nearly all quarters, partaking in the great mortgage giveaway was painted as an unqualified “good thing”.

]]> Comment on Is Wall Street Responsible for the Mortgage Meltdown? by Deacon Bradley http://bedrockcoaching.com/is-wall-street-responsible-for-the-mortgage-meltdown/comment-page-1/#comment-48 Deacon Bradley Wed, 13 Oct 2010 20:01:00 +0000 http://bedrockcoaching.com/?p=558#comment-48 Hah, so true Kevin. That's a great quote you mentioned from President Reagan. It was somewhat maddening watching the CNBC story on Goldman last week because both sides so adamantly argued that only the other was at fault. In my opinion it's the noticeably missing "third leg" of the capitalism stool; moral restraint. Maybe you can't blame any one entity for causing the problems, but each are to blame for not exercising moral restraint. Hah, so true Kevin. That’s a great quote you mentioned from President Reagan. It was somewhat maddening watching the CNBC story on Goldman last week because both sides so adamantly argued that only the other was at fault. In my opinion it’s the noticeably missing “third leg” of the capitalism stool; moral restraint. Maybe you can’t blame any one entity for causing the problems, but each are to blame for not exercising moral restraint.

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