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Does time exist in a casino?

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  • Does time exist in a casino?

    Southern California real estate investors meet at the Nixon Library in Yorba Linda, California on October 19, 2012 to donate to a great cause and hear industry experts discuss the state of the real estate market and the economy. Norris Group president Bruce Norris interviews a panel of experts:

    Mark Palim
    Director of Economics
    Fannie Mae

    Eric Janszen
    Economic & Financial Analyist
    iTulip, Inc.

    E.J. Burke
    Vice Chairman
    Mortgage Bankers Association

    Sean O'Toole
    President
    ForeclosureRadar

    Sara W. Stephens
    President
    Appraisal Institute

    Rick Sharga
    Executive VP
    Carrington Holding Company, LLC

    Edited video runtime: 38 minutes




    Unedited video of the entire four and one half hour event, below.


    Part I: 1 hour 24 minutes

    Last edited by FRED; 10-22-12, 11:36 AM.
    Ed.

  • #2
    Re: Does time exist in a casino?

    Fascinating. Thanks for posting.
    Does Eric report anything notable from the private conversations off the dias before and after the panel?

    Comment


    • #3
      Re: Does time exist in a casino?

      That was so frustrating. It was so hard to hear what was being said. Thank you for sharing. The casino line was great.

      Comment


      • #4
        Re: Does time exist in a casino?

        Originally posted by cjppjc View Post
        That was so frustrating. It was so hard to hear what was being said. Thank you for sharing. The casino line was great.
        turned up the volume & heard it all ok.

        first vid i've seen of itulip's old pal sean o'toole since his 15 secs of fame on 60 minutes http://www.itulip.com/forums/showthr...-on-60-Minutes

        one smart dude. i loved the 6 d's of foreclosure... http://www.itulip.com/forums/showthr...e-Sean-O-Toole

        Comment


        • #5
          Re: Does time exist in a casino?

          Interesting . . . and a bit creepy. EJ was masterful, apparently never saying the bad word (FIRE).

          Dig the Stones intro on 'tulip's front page.
          Last edited by don; 10-25-12, 10:00 AM.

          Comment


          • #6
            Re: Does time exist in a casino?

            Yeah, hearing the speakers is difficult.

            Comment


            • #7
              Re: Does time exist in a casino?

              excellent discussion. sound is not bad using headphones.

              Comment


              • #8
                Re: Does time exist in a casino?

                In light of the fact that the fiscal cliff talks seem to have collapsed. Do you now think that a crisis will arise in January?

                -G

                Comment


                • #9
                  Re: Does time exist in a casino?

                  time is yet not ripe.
                  recall Bush tax cuts were slated to expire 2 yrs ago and 2 yrs ago the gove past a 2-yr extension (post 2012 election)
                  recall debt ceiling debacle when they composmised 18 months ago to keep going on runaway spending until Jan 13 when cuts would be forced (again post 2012 election).
                  this whole fiscal cliff meme is just propganda to scare the public into letting the gov do what it pleases -


                  Nothnig will occur other then some nominal tax increase and 10 yr reduction in spending and whether they get to it in Jan or Mar, everything will be retroactive ... and with a promise to reduce the growth in spending by $1.2trillion over the next 10 year (read: not much), the rating agencies will be allowed to keep their AA++ rating of the US and this thing will just keep going.

                  This whole thing is ridiculuous. Nothing on the Fed front will change ... until is does.

                  Comment


                  • #10
                    Re: Does time exist in a casino?

                    Originally posted by vinoveri View Post
                    time is yet not ripe.
                    recall Bush tax cuts were slated to expire 2 yrs ago and 2 yrs ago the gov passed a 2-yr extension (post 2012 election)
                    recall debt ceiling debacle when they compromised 18 months ago to keep going on runaway spending until Jan 13 when cuts would be forced (again post 2012 election).
                    this whole fiscal cliff meme is just propaganda to scare the public into letting the gov do what it pleases -


                    Nothing will occur other then some nominal tax increase and 10 yr reduction in spending and whether they get to it in Jan or Mar, everything will be retroactive ... and with a promise to reduce the growth in spending by $1.2trillion over the next 10 year (read: not much), the rating agencies will be allowed to keep their AA++ rating of the US and this thing will just keep going.

                    This whole thing is ridiculous. Nothing on the Fed front will change ... until is does.
                    Could be right. Bruce Krasting thinks that most commentators are missing the point. The Alternative Minimum Tax will be retroactively applied to a large percentage (~20%) of the population come Jan 15. This will lead to a large drop in GDP. Congress does have a few days to fix this issue, but people will have their checks in the mail next week.

                    Gordon Long has speculated out loud that the reason for QE4 was that Obama knew that the fiscal cliff negotiations would not work.

                    Comment


                    • #11
                      Re: Does time exist in a casino?

                      Originally posted by globaleconomicollaps View Post
                      Could be right. Bruce Krasting thinks that most commentators are missing the point. The Alternative Minimum Tax will be retroactively applied to a large percentage (~20%) of the population come Jan 15. This will lead to a large drop in GDP. Congress does have a few days to fix this issue, but people will have their checks in the mail next week.

                      Gordon Long has speculated out loud that the reason for QE4 was that Obama knew that the fiscal cliff negotiations would not work.
                      there might be a few sophisticated taxpayers who make estimated payments on the amt next week, but i think the bulk of it wouldn't hit til april. the so-called "cliff" is really a slope, as the 2% fica holiday ends and higher rates, and the higher withholding that goes with it, kicks in paycheck by paycheck. i'll be curious to see if there are massive layoffs by the federal gov't. this would make good theater for the obama adminstration, so i see it as a distinct possibility. the economy itself will be hit only gradually, the financial markets might be another matter.

                      Comment


                      • #12
                        Re: Does time exist in a casino?

                        read this in the paper yesterday, witholding rates are on hold until the 2nd week of Jan?? Fica is immediate. I suspect no deal until Mid January.
                        Im considering selling stocks on dec 31 and buying them right back to get 15% cap gains rate, and raising my basis. I don't think 15% will survive even if a deal is struck. there is no wash sale on a gain.

                        Comment


                        • #13
                          Re: Does time exist in a casino?

                          I have to say, Mark Palim impressed me. No head in the sand, no pie in the sky, no agenda.

                          A clear eyed view of the situation from the inside.

                          Comment


                          • #14
                            Re: Does time exist in a casino?

                            Originally posted by FRED View Post
                            Southern California real estate investors meet at the Nixon Library in Yorba Linda, California on October 19, 2012 to donate to a great cause and hear industry experts discuss the state of the real estate market and the economy. Norris Group president Bruce Norris interviews a panel of experts:

                            Mark Palim
                            Director of Economics
                            Fannie Mae

                            Eric Janszen
                            Economic & Financial Analyist
                            iTulip, Inc.

                            E.J. Burke
                            Vice Chairman
                            Mortgage Bankers Association

                            Sean O'Toole
                            President
                            ForeclosureRadar

                            Sara W. Stephens
                            President
                            Appraisal Institute

                            Rick Sharga
                            Executive VP
                            Carrington Holding Company, LLC

                            Edited video runtime: 38 minutes




                            Unedited video of the entire four and one half hour event, below.


                            Part I: 1 hour 24 minutes


                            Where is part 2?

                            Comment

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