I only see the appeal if you have a second mortgage. Otherwise, with a non-recourse, what's the point?

Do these Short Sales come with Frigidaires
http://www.boingboing.net/2010/02/22/youre-well-preserved.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+boingboing%2FiBag+%28Boing+Boing%29&utm_content=Google+Reader

Who's buying shorts in January? It's FREEZING cold outside where I live. Peeps that jonesin for springtime?

What did they do with the TAX money, nova?

The price of Cu might make for a nice overlay on the chart, now that you mention it.

"I only see the appeal if you have a second mortgage. Otherwise, with a non-recourse, what's the point?"

If you refi'd in CA then you mortgage went from non-recourse to recourse. I'm hearing that some of the bigger banks are starting to go after you for the difference as well now. Doesn't seem like a short-sale is worthwhile in CA.

fudge_hend wrote:

Half of all REO are damaged. Either short sale the house or take a 50-50 chance the inhabitant is going to take their frustration out on the house. How does this ratio of damaged to undamaged REOs compare historically I wonder. Is this a recent phenom or pretty typical?

What scares me is that 43% of sales seem to be distressed sales! Please tell me I missed something in that number.

Got ?
Neil

nova wrote:

OOPS! Lost another citizen to crime! Don't let this happen to you! Call 1-800-555-1212 and ask for Sahib!

The charge is for medical emergencies only. Somehow that makes it even more obscene to me.

Somebody from Tracy was quoted as saying that if her husband had a heart attack, she'd be sure to set the dining room table on fire before calling 911.

U.S. Economic & Interest Rate Outlook
Feb. 22, 2010
Northern Trust
Global Economic Research

PDF: http://web-xp2a-pws.ntrs.com:80/content//media/attachment/data/econ_research/1002/document/us0210.pdf

95 percent of home buyers now are FHA. Thanks, taxpayers, for picking up the tab when this wave of buyers defaults.

Gerrymandering for service and response times.

That is the funny thing about 2010. The government is effectively buying everyone a home at current prices, and then some, what with the recent incentive package.

YouTube - UHF You So Stupid

My dogs have always been crated whilst I am at work. I like to leave the TV on for them so they have something to listen to while I'm gone. Lately the channel I've been putting on is full of inane chatter and mindless drivel!! Is it dog abuse to leave CNBC on for them all day to listen to?

Gnomish,

No, you see - you leased it. Now you can to bring it back or pay to keep it.

If your dogs are mad dog yippy yapper Chihuahuas; they probably it!

"And we were all, like, ya dude, party on, and like it went, you know, like gnarly on us."

........Why didn't CR advise us during the Cash-4-Clunkers deal that we could've gotten a free golf cart in the deal? Trade in some old tired POS for a state of the art beach cart! I would've been like so there - a gnarly beach crawler, dood - my board on top, ice chest and "coldies".......a total beach chick magnet!

C'mon CR......lets step up the informational services end, dood!

Government Stupidity - Outrageous Cash for Clunkers loophole paying for new golf carts

"Is it dog abuse to leave CNBC on for them all day to listen to?"

It is if the dog starts losing your money

Pearl wrote:

Couldn't the Fed be the one investor who finally sues them for fraud?

---Quit hogging that

From the HAFA guidelines

You can’t list the property with or sell it to anyone that you are related to or have a close personal or business relationship with. In legal language, it must be an “arm’s length transaction.” If you have a real estate license, you can’t earn a commission by listing your own property. You may not have any agreements to receive a portion of the commission or the sales price after closing. Any buyer of your property must agree to not sell
the home within 90 calendar days of the date it is sold by you. You may not have any expectation that you will be able to buy or rent [servicer may delete “or rent” in accordance with investor guidelines] your house back after the closing. Any knowing violation of the arm’s length transaction prohibition may be a violation of federal law.

It's amazing how far the US has come in winter sports just in the last 20 years.

A Map of Winter Olympic Medals - The Games Past & Present - Interactive Map - The New York Times

Great interactive chart from NYT.

HomeGnome wrote:

---Quit hogging that Kool-Aid

I'm not sure what you mean by that.

But what I am saying is, couldn't the Fed demand (as an investor) proof that there was ever collateral underlying these securities?

Not.
Going.
To.
Happen.

Pearl<
The FED and the 19 Financial Hijackers are committing TREASON together.

@HomeGnome (homepage, profile) wrote (in reply to...) on Mon, 2/22/2010 - 1:32 pm
Pearl<
The FED and the 19 Financial Hijackers are committing TREASON together.

Once again very nicely depicted here
Daily Kos: Junk economics and the rape of the middle class 

HomeGnome wrote:

Not.
Going.
To.
Happen.

But if it did happen--we would, effectively, be able to bust up the big banks by catching them in the act of doing something illegal.Sort of like catching Al Capone through tax evasion. And couldn't the Attorney General bring forth the charges? Would it be up to the Fed? (Not a rhetorical question--I truly don't know.)

Black Star Ranch wrote:

I would've been like so there - a gnarly beach crawler, dood - my board on top, ice chest and "coldies".......a total beach chick magnet!

YouTube - George Carlin -"Who Really Controls America"

The FED criminals and the criminals are working together.
So breaking up the 19 financial hijackers to benefit the ringleader?

".......a jar of extra spicy homemade pickles"......yum..............40mph wind gusts here - I've got to go chase down a screen door, some lawn furniture, and a 1/2-dozen chickens - bbl

Put an aquarium in the dog crate. And a deck oof cards.

We've come a long way. I remember a while back -- October '06 I think it was -- driving through Northern Michigan and getting my first clear sign that the crash was finally here: FREE BMW WITH EVERY CONDO PURCHASE!

The Bankruptcy Boys
By PAUL KRUGMAN
Published: February 21, 2010

O.K., the beast is starving. Now what? That’s the question confronting Republicans. But they’re refusing to answer, or even to engage in any serious discussion about what to do.
For readers who don’t know what I’m talking about: ever since Reagan, the G.O.P. has been run by people who want a much smaller government.
In the famous words of the activist Grover Norquist, conservatives want to get the government “down to the size where we can drown it in the bathtub.” But there has always been a political problem with this agenda. Voters may say that they oppose big government, but the programs that actually dominate federal spending — Medicare, Medicaid and Social Security — are very popular. So how can the public be persuaded to accept large spending cuts?
The conservative answer, which evolved in the late 1970s, would be dubbed “starving the beast” during the Reagan years. The idea — propounded by many members of the conservative intelligentsia, from Alan Greenspan to Irving Kristol — was basically that sympathetic politicians should engage in a game of bait and switch. Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit......................

broward wrote:

Dawg's angry that he missed the bottom.

Bottom? There are still condos down the street from me listed at $995K. Actually badly done apartment conversions.

Pearl wrote:

couldn't the Fed sue the banks? Couldn't the Fed be the one investor who finally sues them for fraud?

you are snarking right?

HomeGnome wrote:

The FED criminals and the Vampire Squid from Hell criminals are working together.
So breaking up the 19 financial hijackers to benefit the ringleader?

Well, I mean breaking up the 19 financial hijackers via a lawsuit brought on by the Attorney General--on behalf of the Federal Reserve--whether or not the Federal Reserve likes it. But the Attorney General would be suing on behalf of the American citizens and taxpayers. It would certainly be a legal and face-saving way for President Obama to unwind the the bailout and bust up the banks--not under the duress of an economic collapse. Maybe?

Reference a comment from the previous thread.

Eddie Lampert is a parasitic moneychanger, a stain on society.

Pearl are you seriously suggesting that President Obama hasn't been bought and paid for by the Banksters?

There are no fiscal or monetary "conservatives" in a fiat regime, just more or less innocent bystanders.

Would Madoff do it again if he had the chance. Good question, if you gonna steal, go for broke.

I'm still waiting to hear which of the 19 hijackers got the play dough and how much they got.

Yep, nothing priced reasonably was clean. You had to go from getting the keys to sweat equity
Equity in Sacramento? bahahahaha I crack myself up >; )

I don't think that the DOJ has the standing to sue on behalf of Fed. - the Fed is an independent entity. I maybe wrong on this but while its profits go to the Treasury there is no requirement for the Treasury to bail out the Federal Reserve.

Even if the DOJ had standing to sue for losses suffered by the Fed. the attorney general would have to approve which means the President would have to approve. So back to my first question do you still believe that Obama hasn't been bought and paid for by the banksters and that anybody in government (Congress of the executive branch) will not do what the big banks want?

crazyv wrote:

Pearl are you seriously suggesting that President Obama hasn't been bought and paid for by the Banksters

I think he would be a legend in his own time if he brought down the banks. And every President wants to be a legend in his own time. Popularity is sometimes just as powerful as money.

crazyv wrote:

DOJ has the standing

The only standing that DOJ has is the understanding that there may be future job security on wall street, or at the Fed, SEC, and other places in the loop, where the cash flows. The people at DOJ are spineless corrupt punks that are owned by the mafia...

IMO income is income- why should the efforts of speculator be taxed at a lower rate than the poor Joe/Jane who gets up everyday to go to work? Frankly the notion that you need a lower capital gains tax rate to spur investment is just bogus. Do you honestly think that Gates, Dell, Brin etc would not have done what they did if they knew that they would have to pay a tax of 33% rather than 20% on their stock?

For people seeking to make 100's% return on their investment the tax rate is irrelevant. The only people to whom the tax rate matters is quite frankly the rentier class.

Pearl wrote:

and it turns out that these MBSs were the result of a securitization process that severed chain of title to the mortgages--the underlying security--couldn't the Fed sue the banks?

If they new that prior to the sale, they probably couldn't. They new they were buying assets that were not liquid, so it may not be a much of a stretch to know how toxic those assets were.

knew.

fyi.
Sorry, Captain, I had to do it.

Pearl wrote:

But the Attorney General would be suing on behalf of the American citizens and taxpayers. It would certainly be a legal and face-saving way for President Obama to unwind the the bailout and bust up the banks--not under the duress of an economic collapse. Maybe?

The AG won't indict the torture lawyers--or their bosses--why would he do his job now?

Have a Rum and Coke.

Deflationary Jane wrote:

Over 65 can be treated as an exception much like filing taxes on SSI payments . Next ?

Keep fiddling with the tax code, and pretty soon it will be so huge and riddled with exceptions that no one will be able to understand it.

Oh, wait...

Speed wrote:

95 percent of home buyers now are FHA. Thanks, taxpayers, for picking up the tab when this wave of buyers defaults.

+1

After this wave wipes out, prices drop. In this next panic, those with liquid assets get cheap RE. Lowest rentals in town means best renters offered nice cookies, and a lifetime of rental income. Coming soon in your neighborhood.

However, in places like Palo Alto, and Westwood/Brentwood, and other high end pockets, there's merely a drop in tourism, but RRE remains now flat at what it was 6 months ago. No cracks there, yet.

We're not seeing the streets of Paris run with blood yet. Merely, the fly over areas of this country. In due time... Patience, the gifts are coming.

Sen. John McCain: I was misled on bailout

Heat's getting turned up in the kitchen.

Mel wrote:

Why not just eliminate the income cap for these taxes?

Mel I don't think that there is income cap with respect to Medicaire taxes only SS. The tax specifically excludes unearned income- like interest and capital gains.

What about retired people living on pensions? Pensions that were negotiated and signed off on. The money that went to bonuses and capital gains...

Slumdog wrote:

After this wave wipes out, prices drop.

Unlike option arms, the FHA buyers probably won't hit in a wave. They will be spread out over time and will most likely default due to job loss or medical issues, much more traditional problems instead of recasts or resets.

Short sales are just one more trip to the trough for the real-estate-scammer class. Short sales are terribly open to fraud, often by agents, and really should be banned.

Vonbek777 wrote:

Sen. John McCain: I was misled on bailout

Maybe they'll mislead him out of office and replace him with a fiscal conservative.

I love him dearly. On issues of economics and ... family values, there's nobody that I know that's stronger. -- John McCain

On campaign economic adviser Phil Gramm; January 18, 2008;

HomeGnome wrote:

---Quit bogarting the

In 2007, I warned at Mish that those holding Muni Bonds would see their safe lives smashed. I guess that too was hyperbole...not.

One of my buddies, a billionaire's sons, blew me off. 6 months ago, he was touting gold, but not buying it, merely playing with the idea, and he said nothing about his extensive Muni portfolio. I figure he's dropped about 30% of his father's hard won wealth. He's got another 30% to go.

Marx was right. We need a revaluation of assets to reflect the unmanipulated marketplace. The national gubermints are gonna get their clocks cleaned, and that means fiat was, is, and will be dead.

Hiding in PM's is the rational thing to do. It's just a matter of time. Panic is assured. It's just when, not how severe the panic will be. Panics are panics.

...searching for the app to join the military.
(OT: the foolish who think the std for the US military is higher than for any other is insane. Remember a place called Dresden? That was a good thing. Collateral loss of 23 people or whatever number is meaningless. Like war evolves on a social scale into something like a police action... Stop eating the roaches; there's enough delusion in this world already.)

poic wrote:

Wonder when McCain will realize that perhaps he should be listening to a different group about banking matters.

He listens to the ones contributing to his re-election fund...

You can't easily commit fraud at a foreclosure auction since it is so out in the open. Daylight is a good disinfectant.

Short sales could easily be fixed in similar manner.

Slumdog wrote:

Collateral loss of 2800 people or whatever number is meaningless

---http://www.usarmy.com/
Join up and see the world, dog.

crazyv wrote:

Mel I don't think that there is income cap with respect to Medicaire taxes only SS. The tax specifically excludes unearned income- like interest and capital gains.

I stand corrected--SS tax should also do away with income cap.

I am thankful for John McCain's service to this country. Now he needs to serve in a different capacity. I suggest perhaps sanitation worker at the Grand Canyon.

CaptainMorgan wrote:

Slumdog wrote:

After this wave wipes out, prices drop.

Unlike option arms, the FHA buyers probably won't hit in a wave. They will be spread out over time and will most likely default due to job loss or medical issues, much more traditional problems instead of recasts or resets.

IMO, you're not in tune with the reality of human behavior. Society healed from the last Great Depression. Most who remember it for real are long dead or ineffectual at this point. BBernanke has a responsive game plan that might work, but it is far from proven out. The way it ends is with a gallows drop, just like the days before AIG bailout. We humans are now all primed for gallows drops. We saw it in Iceland; we saw it here. Our cells are now programmed to panic. We're just waiting for the next external events that will trigger the next waves. This is an amazingly high probability. For a refresher, go read MacKay's book, I think it's called Mass Hysteria and the Delusion of the Crowd, free, online. It's what's happening.

Moneynews - Buffett's Partner: 'It's Over' for U.S. Economy

Juvenal Delinquent wrote:

Hyperbole is when something is off 1/2 of 1%, and somebody claims that's a sizable adjustment.

The move occurred within 1 hour, on a daily chart. If one tracks in multiple time periods, this is important enough to warrant a comment.

Good book, have read it and recommend it. I also recommend learning to use the quote feature as it makes it easier for everyone to follow.

I have long criticized the FHA 3.5% down since those buyers are immediately underwater. Nothing I see suggests they will all walk away or default in mass however.

oh, i don't know...how about taxing capital gains and dividends as ordinary income? with, say, a 90% marginal rate at the high end?

What I meant to say is...the most negative idea that Obama could realistically come up with today, that would actually have a chance to pass soon. The reality is that it's all incremental. First, there will probably be this Medicare extension for high-income. Then, 100% of Social Security benefits will be taxable. Then, the definition of "high-income" will start to creep down. Then, Social Security benefits will be "income-related," like Medicare premiums are now.

Finally (and maybe only then) income tax rates will go up for everybody. That will help the feds bail out the states. Throw in a VAT or something and we're talking serious tax money.

Slumdog wrote:

Unlike option arms, the FHA buyers probably won't hit in a wave. They will be spread out over time and will most likely default due to job loss or medical issues, much more traditional problems instead of recasts or resets.
IMO, you're not in tune with the reality of human behavior. Society healed from the last Great Depression. Most who remember it for real are long dead or ineffectual at this point. BBernanke has a responsive game plan that might work, but it is far from proven out. The way it ends is with a gallows drop, just like the days before AIG bailout. We humans are now all primed for gallows drops. We saw it in Iceland; we saw it here. Our cells are now programmed to panic. We're just waiting for the next external events that will trigger the next waves. This is an amazingly high probability. For a refresher, go read MacKay's book, I think it's called Mass Hysteria and the Delusion of the Crowd, free, online. It's what's happening.

Stop sounding like Charlie Munger, unless you are Charlie Munger.

But the old Chuckster is right, but then he grew
up during GD the Prime.

Someday this war's gonna end...

broward wrote:

Slumdog wrote:

I warned at Mish that those holding Muni Bonds would see their safe lives smashed.

Nobody cares what happened to Mishiots.

I cared only to make the declaration at the time as I post to myself. I enjoy being right. I've spent a lifetime paying for the sins of my grandparents and those before them. My future forecasting skills has served me for the most part well.

In some years, not decades, in the future, I'll join others to take houses when they're given away for nearly free.

Weimar was real. Argentina was real. We humans repeat. Tragically, those holding muni's have been hurt badly; conservative, naive, stubborn, and continuing to be economically taxed until their wealth returns to the nothingness of all historical societal financial outcomes.

It's a big wahooza of a move for small minded types, certainly.

The article leads with this headline: “Basically, It’s Over.”

• Yup! Munger's most accurate 3 words

Citizen AllenM wrote:

Stop sounding like Charlie Munger, unless you are Charlie Munger.

OK I'll bite. Who's Charlie Munger? What relevance does he have here?

Charlie Munger says Americans have "whiled away" their time gambling at the casino instead of making valuable things. Thank you, Mr. Bunghole, for your sage advice. Obviously, you have grown wise from a lifetime of growing rich and fat manipulating the casino, producing nothing of value. Now, when it's about to implode like Madoff's bucket shop, you grow a conscience.

make a better meal than .

Slumdog - your contention about munis - do you have a link for a broader index showing declines? Is there some pimco closed-end fund type thing I've missed, which could also serve as an example?

CR, I beg you:

the

poic<

It's usually about this time of day when you make your daily and KY post.

tncubsfan wrote:

Yup! Munger's most accurate 3 words

It ain't over until the Fiat Lady sings.

Here we go:

MUB: Technical Analysis for iShares S&P National AMT-Free M - Yahoo! Finance

MUB has done fine, SD. Not a bad yield either, especially with tax advantages (though I assume that ticker doesn't come with those).

"[Other] Americans should go to work making things, [at unprotected "market" wages], instead of living off FIRE. [There are too many parasites here, we'll kill the host, and I was here first!]"

FTHB = The next group of suckers whose wealth will get wiped out.

Amazing what people sign themselves up for.

unless I'm mistaken FIRE has been around mostly for the last 20 years. Charlie Munger has been investing for 60 years give or take. Long before FIRE came along.

Had a chat with a RE agent last weekend - sales are hot - multiple offers on houses - first timers jumping in after they caught that bull shark in the lagoon.

CaptainMorgan wrote:

If they new that prior to the sale, they probably couldn't. They new they were buying assets that were not liquid, so it may not be a much of a stretch to know how toxic those assets were.

Sorry for belated reply, Captain Morgan. And I promise (to try really hard to ) shut up about this for a while. But I think most decision-makers knew how toxic the MBSs were from the standpoint that many of the mortgages were bad. But I don't think there were a lot of decision-makers (at the time of the bailout) who understood that there were not even any rights to the bad mortgages. (In fact--many people are just now starting to notice that little glitch.) But these weren't just scratched off, losing lottery tickets--these were more like counterfeit, scratched off, losing lottery tickets. I think we've caught 'em red-handed.

And I'll go back to being a housewife now--even though you guys are way more fun....

"Had a chat with a RE agent last weekend - sales are hot - multiple offers on houses"

A few months ago I spoke to a real-estate agent who was talking about how great the market was holding up. While he was showing a house in foreclosure.

How do you know when a real-estate agent is lying?

When their lips are moving.

poic wrote:

unless I'm mistaken FIRE has been around mostly for the last 20 years. Charlie Munger has been investing for 60 years give or take. Long before FIRE came along.

You are mistaken. It goes back to the Pharaohs. The first pyramid scheme... Of course a banker can add value, but the system can't let him consume it all, then it's at best zero sum.

CaptainMorgan wrote:

I am still trying to figure out why somebody who thinks gold is going to $6,000 would bother with the chump change of shorting from $1200 to $1045 in a secular bull market and spend time watching hourly charts for $6 moves, but I guess it gives ample opportunity to pretend to be right.

I watch the game as it's a great distraction to me. Can't change the condition, and do seek the small games to play. Yes, there is no reason in my world to trade. I'm stuck with 5 and 6 figure deals as the game I'm in, and frankly, they're slow and boring. A close friend calls it building a wall, one brick at a time; that's what I do in my day job.

As I've learned chart patterns in 91 and 92, and discovered only a small handful of patterns that I could prove would work, I'm just a one trick pony, and when the trick shows up, I do it. Most of the times, I leave the trade as it doesn't form exactly as it needs to, to be a winner. I called the drop in the DJIA in Aug 2007, at Mish's, entered short once, left nearly flat, scared out on the retracement of my accurate call, and then reentered for the extended move down, as the market didn't look back after it retraced up. Since then, I've traded the S&P less than a half a handful of times.

What do you do for a challenge? It hurts me to see my assets shrink when they retrace 20% or so. Does it not impact on you?

Captain, for some reason, you're not looking for signals as you have nothing to compare them to. I have a mind full of them. It's common to about 1% of the population. I'm stuck in that 1%. It's called ADHD with a high IQ. There's no way outta this condition. Read the literature.

"You are mistaken. It goes back to the Pharaohs. The first pyramid scheme... Of course a banker can add value, but the system can't let him consume it all, then it's at best zero sum."

Well of course FIRE has been around in some form or another. But FIRE and off-balance sheet securitization as the driving force in our economy started under Greenspan in the early 80s.

When did Munger start out? In the 50s or 60s I believe.

Blackhalo wrote:

Yalt wrote:

If anyone's interested, this is now the lowest volume day on the NYSE since January 14.

What else is new.

Low volume is common during periods of exhaustion. The most recent I recall wis in 2001/2002 and the one that all of us know is the one during the Great Depression. Volume vanishes and the losers hold their losses. Capitulation will come, with surrender being an extended affair. Wanna house?

Sounds like Charlie Ponzi to me.

Short Sales See Big Jump in Activity During January

This is unAmerikan. Not allowing people to continue living free in their homes for 12+ months after they throw in the towel will mean the all important PCE will take a hit.

ghostfaceinvestah wrote:

FTHB = The next group of suckers whose wealth will get wiped out.

Amazing what people sign themselves up for.

what wealth- with the 3.5% down FHA mortgage and the 10% tax credit this lot is already ahead.

Just had his Madoff moment. Sorry, my whole life's been a waste, but didn't some of us have fun...

greenchutes wrote:

Slumdog - your contention about munis - do you have a link for a broader index showing declines? Is there some pimco closed-end fund type thing I've missed, which could also serve as an example?

greenchutes, here's the chart. www. futures.tradingcharts.com/prairielinks/MB/M
It appears flat. I stand corrected.
My belief is based on the quality of the revenues supporting them. I do stand corrected. No meaningful movement in price over the past 4 years. Major drop in volume.

Poker is an honest game. Everyone can see it's zero sum, that the house gets paid for running the game, the players get some enjoyment but no value is added.

The financial markets are not an honest game.

Judd Gregg is a scumbag:

As the parable ends, none of the politicians listen, and Basicland turned into “Sorrowland,” Munger concludes.

I think it will be Adventureland. But, adventure is where you make it.

WSJ: Treasury Considering Appeal Process for HAMP

ResistanceIsFeudal wrote:

no idea what the Egyptians called them.

They called them derogatory words as they spend their lives building them.

Munger is, of course, right.
I think the last few years have revealed the financial sector to largly be a casino in which some suckers savings (usually yours) is being bet in a game of crooked game of craps. No player can lose since their playing with your money.

Elvis wrote:

I think it will be Adventureland.

True. The markets are run by Jungle Crews hedging against the back side of water.

ghostfaceinvestah wrote:

What types of lenders were at the spearhead of subprime lending? Non-bank lenders like New Century.

Well, ok, some non-bank lenders were spearheading subprime lending. Others were the primary originators of Fannie/Freddie conforming loans. They weren't in the news so much, since they weren't making billions writing crap.

As financial outrages go, a possible revival of warehouse lines for small mortgage banks writing agency-conforming loans doesn't really make the cut.

Bubblisimo Gerkinov wrote:

Not entirely true ... he has become a handy passive verb.

And a useful source of snappy phrases: "the great undoubling", "the great doubling down"....

Thx Cap'n.