Bluesclubka gründete 1990 mit einigen Freunden JUKE & THE BLUE JOINT.Die … Read Full Bio ↴Bluesclubka gründete 1990 mit einigen Freunden JUKE & THE BLUE JOINT.Die Band hatte viele erfolgreiche Auftritte in in BRD, Italien, Österreich und den Niederlanden und zählt zu den musikalisch interessantesten Blues Bands der deutschen Szene.

Neben zahlreichen ClubKonzerten spielte die Band eine Reihe von Blues-, Rock-, und Jazz-Festivals / Specials, unter Anderem mit den folgenden Musikern/Bands:

• B.B. KING - JEAN SHY - BLOOD SWEAT & TEARS
• LUCKY PETERSON - ANGELA BROWN - CHRIS FARLOW
• INGA RUMPF - LUTHER ALLISON - ERROL DIXON
• BLUES COMPANY - MITCHEL FORMAN & CHUCK LOEB BAND
• DAS DRITTE OHR - DIE ZÖLLNER – RAUSCH
• JOACHIM KÜHN QUARTETT - ALEX ORIENTAL EXPERIENCE
• PAUL LAMP & THE KINGSNAKES - PAUL FIELD
• ABI WALLENSTEIN & STEVE BAKER

Als definitiver Höhepunkt muss sicherlich das gemeinsame Konzert mit B.B. KING, vom 01.12.94 gewertet werden. B.B. KING zeigte sich beeindruckt und begeistert von dieser Band und lud sie nach dem Konzert in seine Garderobe ein.

B.B. King:
"I´m no critic. I never would say this music is bad - this music is good. I listen to all kind of music. I listen to jazz of famous jazz musicians and it doesn´t move me. I listen to blues of famous players and it doesn´t moves me. But, yeah, this music does! This music realy moves me. You have a unusual sound, .... realy, a unusual sound. I love this kind of modern blues!
You can count on me, if you like you can use what I said in your papers - I mean what I say. What you are doing is very good. You have a good beat, good arrangements, good horns, good musicians - everybody, it´s well done, the harp is great - what you want more ?

Gentlemen, I'm really sorry that I only could listen to your music for a short time. But I tell you - what I heard was really excellent! Absolutely"

Lucky Peterson:
"That's it! Excellent Performance!"

Louisiana Red:
"Hey, this is a fantastic band! I really enjoyed to play with them! Damn - what a gig!"

Chris Farlow:
"This band is excellent, definitly!"

Luther Allison:
"This band is really on the way. Great band - and the harp player is incredible!"

Ralph Pennland:
"I heard this music and thought: Damn, what a band is this ? A few weeks ago I had recordings with Koko Taylor and Albert Collins and I tell you this band is good too ! Call me, Frank, if you are sick - I would love to sit in"

Peter Erskine:
"Wow, good fat beat - I like it!"

Sterling W. Reaveley, Promoter Columbus/USA:
"The best German blues band I ever heard!"

Dennis Chambers / Gary Grainger:
"Pretty good, ....pretty good!! Please send me this CD.
It sounds great, good played and it's modern. Fucking good."

Toscho' Todorovic, Blues Company:
"Sehr gute Produktion. Gerade für ein CD-Debüt ein unglaublich hohes Niveau."

Dieter Kropp, Radio Bremen:
"Sehr gute Band. Erstaunlich modern und vielseitig. Wirklich eine CD, die sich positiv aus der Masse hervorhebt."

Detlev Hoegen, Crosscut Rec./Radio Bremen:
"Gefällt mir ausgesprochen gut. Für unsere Breitengrade ungewohnt kalifornisch; sprich laid back, virtuos und perfekt im Klang."

On the Road geht Bluesclubka heute nicht mehr. Seine Aktivitäten liegen heute mehr in der Zusammenarbeit mit angehenden Musikern und in Internet-Projekten, die sich mit Blues und Rock(Blues&Rock Guitar Styles) beschäftigen.

Er möchte einfach die oftmals vergessenen Wurzeln der heutigen populären Musik ins Gedächtnis zurückrufen. Dazu hat er auch das allboutGuitar Blues & Rock Radio,die allboutGuitar - Lessons,AllboutBues & Hot Stuff sowie einige andere Projekte (Social-Networks) ins Leben gerufen.

Juke & The Blue Joint existiert bis heute weiter und absolviert weiterhin viele Auftritte!
Die neue CD ist über Bluesclubka erhältlich :

www.allboutguitar.comyr
www.jukeandthebluejoint.de
www.laut.fm/bluesclub

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Fanne Mae
bluesclubka Lyrics

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The lyrics are frequently found in the comments by searching or by filtering for lyric videos

Comments from YouTube:

Eugene Fernandes

5y↑79

If I recall correctly, regulating the out of control mortgage lending in 2000-08 would have made housing more expensive as well. If the cost of avoiding another global recession is people finding it more difficult to buy their first home, then I think we should avoid the recession and downsize/privatize Fannie and Freddie.

Brendon Holder

Here we are😂

Voodoo

@Yamaha NTX700 i hope you made a buck after today’s drop

Yeng Sabio

I came here after watching 99 Homes.

Yamaha NTX700

Sheldon Cooper
Bingo! I'm only 36, but I'm already betting against Fannie and Freddie for this reason. I was in stocks in 2017. I was in bonds in 2018. I just switched out to fixed income, which is mostly Fannie and Freddie 30-year bonds. Once that bubble finds its top, I'll move on the next one. The goal of making housing cheaper has only created an arbitrage opportunity for the wealthy.

Yana S

5y↑8

In Canada, we don't have 30-year mortgages anymore. Also, the banks did a stress test a few years back, to see how many current mortgage holders would be able to afford their own mortgage had the rate gone up. 25 years is the maximum you're getting nowadays.

MsGr8d

5y↑17

I feel like they left out (or at least didn't emphasize) that Fannie Mae and Freddie Mac were private prior to 2008. Maybe it would have been too much to cover, but it also seems like they should have mentioned the repeal of Glass-Steagall when explaining how mortgages used to work. That repeal is what allowed for the financial crisis in 2008. Still, it's nice to see a video covering this topic!

Alex Reid

MsGr8d I like this comment!

MsGr8d

5y↑5

@Gin Yi Lee Honestly, I think the people/public can have a lot of power in either scenario (as far as making Fannie Mae and Freddie Mac private or public). It just comes down to making educated decisions. That's the real problem. It's hard to play the game when you don't know the rules. But, since you asked, my two cents is that you're chossing between which generation you want to protect. Keeping them under government control keeps the value (somewhat artifically) high, fo now. That's important because so many people don't have retirement savings. The vast majority of people look at their house as their retirement. If you privatize them, there's a chance the mortgage rates will go high and the home prices will go low, and that will favor the younger generation who currently find it hard to buy a house. I'm in that generation, and my feeling is that I want to protect my parent's generation. I'm young, I can work hard, I believe in my generation even if the news outlets don't. I think we've got this and maybe the most "woke" thing we can do is be the generation that stops asking the government to hurt one group for our sake and instead looks to build ourselves up and bring other groups up with us. ... Sorry for the diatribe. :)

Gin Yi Lee

so why reshape??? current system look just as great isn`t it?

t a u

it sounds like here the only issue is that the 30 year mortgage might go, but even then how hard would it be for a private company to do the exact same thing? also the idea about the first deposit rising exponentially could be saved with a "help to buy" scheme that is similar to the UK, where new homes receive initial down payments / deposits that are relatively tiny.

SparkStop

5y↑60

Are people already forgetting that treating mortgage securities as safe investments is what brought about the 2008 financial bubble in the first place?

Alex Reid

Wow

Jason Wilkins

4y↑2

@Elemental Green the bailout was mostly needed because if the banks went down, credit markets would freeze and that would trigger depression.

Elemental Green

4y↑1

@Jason Wilkins It was that, on top of the homes that backed the subprime lenders were over valued also, so even when the banks foreclosed on them the asset of the home was still not worth anything hence bailouts were needed.

G V

@Aharon Aryeh moreover, the market for ensuring CDOs was about 20 times bigger than the CDOs themselves.

TrendThis

5y↑3

@Jason Wilkins what a perfect acronym. This really created a perfect storm. Loan officers from banks were also getting bonuses for how many loans they could give out. Created such a toxic swamp. Thank you.

9 More Replies...

Jim Morrison

3y↑1

When the big crash happened, the government should’ve broken the big failing banks up, letting multiple smaller institutions take on the loans and deposits. Big government should stay out of banking - an already heavily regulated industry. Let smaller institutions step up. We have already seen the trend for years of big banks eating up smaller ones. If we get to the point of having only a few large banks controlling the industry, then the nation really hurts if one fails.

Treasure Hunter 2012

5y↑63

Historically mortgages when more expensive and hard to get drive down the selling price of houses.

Wiffernubbin

3y↑2

Not when we live in a global economy and outside firms can scoop up houses that should be affordable to locals.

Asdf Asdf

@123 123 Okay?

Asdf Asdf

@Jake Hiller ??

Jake Hiller

heard of a comma?

123 123

3y↑3

The recession wasn't caused by 30 year fixed rate

1 More Replies...

Timelessocity

2y↑1

Excellent video, thank you for posting!

Brad

5y↑50

I am learning more from the comments than I am from the actual video

Xueqiang-Michael Pan

3y↑2

this video is so misleading. Many countries that don't have these kind of companies have much lower mortgage interest rates than US does.

Alex Reid

Cybernetic Tiger Same here

Kirin

Good Video, concise and informative.

rudeboymon

5y↑5

Fanny and freddie are the reason home prices are so high for middle and low income people

Joe

Incorrect. Fannie and Freddie are the reason home prices are “affordable.” Again, rewatch the video and pay attention to the part when they discuss the home prices BEFORE Fannie and Freddie….

dingle_mccringleberry

@Big Red , indeed, the loan companies increase demand for housing.

Big Red

Supply and demand drive up home prices not loan companies lol

VE3CDA

5y↑7

Had trouble following the logic of this person's explanation of the relationship between banks, Fannie and Freddie, and "Investors". I think following the money through a few examples would be helpful.

Jimmie

3y↑1

Then those MBS’s are packaged into tranches based on their credit rating (CDO’s)

Jay Shin

5y↑10

You want to buy a house. Banks will lend you money (mortgage). Banks sell these mortgages to Fannie and Freddie, so that banks can lend more to people with the proceeds. Fannie and Freddie securitize these mortgages and sell to investors (mortgage backed securities).

Dan Ri

5y↑23

By making loan easily available for everyone they make home more out of reach for everyone. 😂

Nick Hough

3y↑1

Bingo.

Asdf Asdf

4y↑2

Yep.

Huawei Android

5y↑3

My 2¢ is that 30 year loans are a blessing: smaller payments, more time to pay, you can refinance, you can add your credit card debt to the mortgage (which has a lower interest rate and is tax deductable) etc. In mexico, no bank lends you for a 30 year mortgage, the best you get is 20 years fixed rate. If you're working, government lends you to buy a house with low interest rate, but it's a small amount. Government involvement in this case, I think is good, as long as the mortgages are sound and meet some standards.

Big Red

BruceMagnus Should be a law against refi for cash out because that’s where a lot of people get in trouble

BruceMagnus

5y↑3

Except that the mortgages are not sound and the government takes on a huge risk all at the taxpayer's expense. If you want a house, pay for it yourself - don't force others to do it for you.

If private banks think these types of mortgages are too risky, then they're too risky for the government as well.

KNH

5y↑2

If they get rid of both fm's, then most houses would be rented. Would that not raise rental rates even more than the 60% they have already risen. Wouldn't that allow more money to the wealthy from the middle class further destabilizing our economy? And last, now is the American dream =40-50% of income going to rental and then what is left over to go into the economy? How will that affect car sales, education, entertainment, etc? If their is a way to get more money from the middle class they will find it and take it, no matter what it does to the economy. If people do not buy stuff, the economy will not make stuff and then where is Gdp and investment?

Khoa Bui

5y↑90

plot twist: fannie mae and feddy make housing more expensive by increasing demand for housing

123 123

@Dichotomy & Balance yeah same that's why we should get rid of antitrust laws because it's definitely hurts the economy

123 123

Yeah but that just means more people are buying the houses

dingle_mccringleberry

Thomas Headley , you're missing the point

3 More Replies...

Gardner Gee

5y↑38

Get rid of Fannie and Freddie, let the housing market crash and whatever loss in government guarantees will be more than offset by the reduction in price. Housing is not affordable and has only gotten more expensive with government intervention like Fannie and Freddie.

Alex Reid

Interesting

Big Red

5y↑1

beyondtheprogramming You know nothing and have no facts and just spit out feeling, Americans are making more money then they where 50 years ago and both parents work because they choose to have a higher standard of living , yes min wage people is a dif story but min wage jobs have been traditionally for teenagers and college age adults

Big Red

beyondtheprogramming Housing is an investment and should rise faster then inflation and inflation has been low for past decade, why won’t you tell me what time period you grew up? Don’t want me sending you links refuting your claims lol

beyondtheprogramming

5y↑5

@Big Red did you bother to read the article Gardner Gee posted above about housing prices skyrocketing over the last 50 years or are ya just winging it? "In 2016 alone, home prices rose twice as fast as inflation." Ya i kno its from CNBC but there are thousands of related housing articles from the last 10 years just like that one about the unaffordability of housing and wages if you bother to read them and learn. It doesnt matter so much WHERE or WHEN i grew up but suffice it to say that i come from a long line of wealthy Real Estate developers who have seen many boom and bust cycles from California/Nevada/Arizona markets so i do have an idea of what i speak. When i was in grade school, my cousin worked as a checker at Lucky's and she paid all the bills and put her husband through MEDICAL SCHOOL. I'd like to see anyone do that today!

3 More Replies...

Sam Harris

How much do these organizations pay banks and other lenders to take on the mortgages?

Michael Wargo

5y↑4

I'm guessing that this wouldn't affect VA loans given that they're backed by the VA and not Fannie and Freddie?

Eduardo Mortgage Coach

4y↑1

VA is backed by Ginnie Mae

Jarvis Addison

@HL productions you have the option of no money down or whatever you can put down... But yeah...

••Xenios••

5y↑1

VA loans are backed just like an FHA, or USDA loan would be. By the government. But in this video, they are basically explaining how the government is backing ALL mortgages, it’s just about how much liability they are assuming and how it’s sold off on the secondary market.

HL productions

Michael Wargo But don’t they get 0% down?

Kevin Kent

5y↑5

Fannie and Freddie don’t make home affordable. They shift costs from interest to asset price. Housing costs more to acquire because Fannie and Freddie keep interest rates down. No one is really better off.

Andrew Fessick

5y↑1

Honestly, I think that while this is important. There are many more important things that should come before this.

K Cifuentes

5y↑1

Andrew Fessick many believe generation wealth and stability begins with home purchases. This is extremely important to many.

Better Tech Enterprises

Wow great informative video

Ryan Rockers

5y↑2

Well, there go my hopes of owning a house

Ivan Danko

3y↑1

3 months after closing with regions bank today I received a letter from Fannie may they purchased the loan..

Rachel Schendel

Same. That's why I'm here lol. Except Freddie Mac bought mine

matt

The government should not insure banks. Banks should be held to standards of course and shouldn’t lend a dime to people with bad credit. A home is not a blessing if you are broke. People should learn that before ever trusting a bank. You should always use a fixed rate mortgage and put 20% down. If you can’t do that. You can’t afford it. Find out a may to make it work so one day you can afford it. Saving money now can help a lot in the future.

Papa Schlumpf

3y↑1

"Noone would know how the market would like like without Fannie and Freddie" Lol are you for real? Just look at the time before 2008. You literally just explained it like 2min earlier in the video.

Jamie Legg

5y↑1

The main reason of the 2008 crisis was because of the government support of fannie and freddy. So it may be more expensive, but I would rather that over a global financially crisis. Privatise it.

Shepha372

5y↑1

If they want to change Fannie and Freddie's roles in the housing market, then the government would have to come up with new laws and regulations for banks and non bank lenders as well. But first, BRING BACK GLASS STEAGALL AND BREAK UP THE BIG BANKS SO THAT THEY DON'T GET TOO BIG TO FAIL AND CRASH OUR ECONOMY AGAIN!

Someone Somewhere

How about we let them do all the risky loaning and when they fall short, let them crash.

Lani Ginoza

Nice video thank you

hbarudi

5y↑1

Mortgage is essentially rent to own with the bank owning your house until the mortgage loan is paid off in full. In fact people should do rent to own when selling a house to avoid using those corporations if possible, but most don't want that kind of hassle. But it is about time we discontinue this consumption of tax payer money on home lending. The only time when you truly own your house is with a fully paid off mortgage loan.

Healthcare Matters

5y↑72

housing would be more affordable if all these people didn't have their finger in the stew

MadeOnEarth

4y↑2

@Fahad Bhatti exactly. And I done know how the dude didn’t see his that made sense. Maybe now he does

Fahad Bhatti

5y↑5

@Big Red he means that it would be more affordable if the government got their hands out of it and the real market price was actually driving the lending, as opposed to the creation of artificial supply/demand.

Big Red

How? You make no sense

Gilad Was Here Travel

This is simply not true.
In Germany you can borrow 90%, fixed 30 year mortgages, and at very low rates, and frankly the process is much easier.
Take it from a real estate developer whos lived, worked and owned homes in both the US and Germany.

Grey Mind

5y↑4

Private sector is so great that people are homeless while there a millions of empty homes and buildings.

Big Red

Homeless people choose to be homeless because they are lazy and addicts.

K H

“You can always bet on America”...

Finn Fierro

"They say that the private sector should be filling that role"
Sick idea mate worked in the past.

EEDDZZ

5y↑4

Tu caída será dolorosa Wall Street

thanksforvisiting

Trump simply wants to consolidate power with the big players (his doners). Fannie and Freddie make it a level playing field but dissolving the two will consolidate power with the biggies who have enough money to shape the Market to their vision. It has never been about the people

klugn

3y↑1

BANKS caused 2008 financial crisis

Fucked Gplus

5y↑2

Yeah they were the one causing the crash by consoliding sub prime .

Duy Anh Lưu

5y↑2

Hmmm, sounds like the mobile home crisis already, privatized turn into pricier. Not that privatization is bad, but greed is bad.

BruceMagnus

5y↑1

Greed is the current system of homeowners forcing the government to subsidize ultra-risky mortgages at the taxpayer's expense.

The best solution is privatization - if you want a loan and a bank thinks it's profitable to give you one, let them. Otherwise, pay for the house yourself with your own money.

Andrew Gisler

Why is greed bad?

Miniena

5y↑1

I will never take out a mortgage.

D00Rb3LL

What is a non-bank lender?

Xueqiang-Michael Pan

3y↑3

this video is so misleading. Many countries that don't have these kind of companies have much lower mortgage interest rates than US does.

Tommy

Everyone should go back to the 10-year fixed rate mortgage.

Gin Yi Lee

5y↑9

why is there a need to reshape? i dont really get any msg from this clip

flypimpin ogflypimp

Get rid of them. We can still have a 30-year fixed rate mortgage without them

Justice Hussein

5y↑4

Stop making false arguments. No one is for eliminating Fannie and Freddie in Congress. Maybe You could find 1 or 2 members, out 535. What the debate is about is wither they both can leave their conservatorship with the government after their bailout.
So what this video alluded to about some ideological differences (should the government be the business of helping home ownership or not, is beside the point).

G V

Short the Student Loan securities!!

Gunnar Jensen

Funded (owned) by the Norway oil fund ...?

Quizmaster China

so much redlining so many student loans
DIAF

Soaring Eagle

Wrong fact, in other countries the 30 y mortgage doesn’t exist…wrong! There are many countries in Europe even in 3 world where the 30 y mortgage exists.

Daniel DuVal

This video has "paid advertisement" vibes. I don't know if it would be a bad thing to have more competition in the market. Wheres the evidence saying things will get more expensive? In every economics course I've taken, more competition = lower prices

Corday

If you can’t afford a house don’t buy one

Abundant Life

privatizing anything is better than big government.

Mike Turley

5y↑1

Subscribed

jays-move

Millions of Americans is not even one percent of Americans...
Tens of millions of Americans is ten percent of Americans.
Hundreds of millions of Americans is one hundred percent of Americans...

0-0

GT

Is this the definition of stupidity?!!!
Makeing the same thing and waiting different results ? 2008...

EldstGilmorBar,BoydOdell at fb Boid bear

👍🏿🤘🏿

Nat Sashikata

5y↑21

Remember the last time you got involving in the housing? yea you took the whole world down with you

Vincent Renz

3y↑2

Thankfully he didn’t manage to do this before he was kicked out of office would have been a disaster

Quizmaster China

5y↑12

1:25 2008 lol

Patrick Henderson

5y↑1

Absolute bollocks lads, cop on

Quizmaster China

student loans

Jake LaMotta

So l should by shares?

MetalSonic420

Isn't WSJ a wannabe Pew News?

Alec Denstedt

1:07 - 1:17 I’m soooo confused

Better Tech Enterprises

imtypingwords 41 when the mortgages are sold in funds to investors, those investors profit off of the loans. When a person buys a home, their mortgage has interest attached to it. This is how the person who gives the loan makes money. But private people - Investors not banks- can buy forms of these loans to also make money. It works kind of like buying a bond or treasury - you get interest on owning part the debt, or loan, and therefore make money, that is guaranteed by these companies and the government.

imtypingwords 41

I'll be honest, I don't really get it either. Like why would investors back them?

harold fung

Oh come on for a 4 minute video it takes you one minute before you can jump into the topic u can do better than that

C Conroy

Oh thank goodness. FM has been a thorn in my side. Ready to get govt out of real estate altogether. The cost of a home is the cost of a home. Ppl need down payments and need to be realistic abt what they can afford. Taxpayers foot the bill for the mistakes made by ignorant homeowners now, against their will, thats fascism. Interest rate is a different subject. Audit the fed if you want to stop being at their mercy on rates.

Hamid

5y↑1

If republicans could they would privatize the air we breathe

Grey Mind

5y↑2

Socialize housing.

Logan Hebda

5y↑1

Grey Mind join the military to experience that

x

3y↑4

Fannie gay. Freddie might be.

Debra Johnson

Eli Jo

Early

flypimpin ogflypimp

50 seconds into the video and it's already all Trump's fault. This narrator is so pathetic it's hilarious

Void AKUMA

First one

Fucked Gplus

Disliked . you guys just wish for the next buble

Debra Johnson

G

Debra Johnson hi debra

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