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Playing the Game
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Posted: Sun Jul 27th, 2008 11:34 pm |
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| The fools in this State will vote for Carney, Hutchinson, Lynn, and the rest of the main stream idiots that have run this state into the ground over the past 15 years.
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Game_Over2007
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Posted: Sun Jul 27th, 2008 11:22 am |
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Wall Street got caught again is all that happened but this time the heart and soul of this country was crucified and burned. The so called American Dream was destroyed by the greed of Wall Street and then your local yokels put the finishing touches on this product sold. Ask Harrington Reality how much money they made during the real estate bubble as Mike ran out the back door. They all were in corruptive mode and now most will pay a price and that is good. The consumer is left holding the bag again as always is the case. Never trust anybody trying to sell you a good deal.
By the way..... Think about politics for a moment and remember what good ole boy Hutch did when he was mayor of Dover..... do you want more of him at a higher level of government? Nothing changes remember.... greed lives on... 
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Fred
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Posted: Sat Jul 26th, 2008 02:04 pm |
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Wall Street seems to go on these binges every couple of years where these bright people figure out ways within the rules, or stretching them, to make a bundle of money....they get greedy, push it further, and then more and more people get involved and that is when it seems to collapse.
The drunk comment was good, but what would he suggest...that WS simply goes on the wagon, and we trust them not to do it again?
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Ben Franklin
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Posted: Fri Jul 25th, 2008 06:30 pm |
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Mortgage failure is up 120%
ive been told home equity credit lines are being frozen also. As in the banks are not living up to their side of these contracts.
Welcome to the death throws of the US currency
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Legends457
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Posted: Fri Jul 25th, 2008 12:19 pm |
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| BUSH said Wall Street was drunk..... Gee..... great comeback BOZO......
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Game_Over2007
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Posted: Thu Jul 24th, 2008 11:38 am |
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My exact point! We need more transparency with real accountability! Regulators need to do their jobs when it comes to these big banks. Theirs no checks and balances with their methods of doing business. A lot of people got rich real quick with creative schemes and fees! Now we all pay for it and it's going to get a lot worse. We have a FED Chairman and a Treasury Secretary who cater to Wall Street and could care less about "you" in the long term. Wall Street created this mess, so let those who have the notion they can do whatever they want pay the price for this failure. You have to let the markets work and if need be FAIL. No artificial facades for fixes.
Remember this..... Banks and Politicians have one thing in common.... THEY LIE
Last edited on Thu Jul 24th, 2008 04:36 pm by Game_Over2007
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Kirk
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Posted: Wed Jul 23rd, 2008 08:30 pm |
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Part of the problem with doing historical comparisons (are we or aren't we in a recession) is the change in definitions that have occured in the last twenty years. Inflation is not measured exactly the same way it used to be measured. Unemployment has been changed significantly so as to exclude millions of contract employees who lose their positions. GDP has even changed a bit. The old definition of recession was two consecutive quarters of declining GDP (GNP if you go back far enough).
Today was an interesting day on Capital Hill. Elizabeth Warren testified about falling incomes - median household income falling over $1000 since 2000. Simultaneously, "basic" expenses have increased more than $5000 - especially medical and child-related costs. Yes, the GDP and National Income rose, but by a percentage that is less than the growth of the population. Eventually, someone running for office is going to figure out that this economy stinks for the majority of the population and that a populist message might get some votes. So far, candidates seem to be talking about bailing out banks et.al. These are the businesses that pretend they were too stupid to foresee sub-prime borrowers would fail to pay while advertising to the public how incredibly smart they are and we should trust them with all our financial resources and planning for our retirement. At least one of their two faces is lying.
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Ben Franklin
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Posted: Wed Jul 23rd, 2008 07:59 pm |
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Fred wrote: Most interesting part is the bit about what a recession is. Like many, I bought into the "two quarters of a shrinking economy." The article said that ain't necessarily so...so where did that come from?
I am not sure. I heard it was two quarters of a negative growth. Whatever that is supposed to mean. At this point I dont see how anyone could not say we are in a recession if not already in a depression.
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Fred
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Posted: Wed Jul 23rd, 2008 02:41 pm |
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| Most interesting part is the bit about what a recession is. Like many, I bought into the "two quarters of a shrinking economy." The article said that ain't necessarily so...so where did that come from?
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Ben Franklin
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Posted: Wed Jul 23rd, 2008 01:49 pm |
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http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy
Heres a lovley article about how we are all being screwed. it is the govs job to regulate this crap yet once again they claim incompetency and then take more from us to pay for it. How fragging long are you going to put up with this?
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Ben Franklin
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Posted: Wed Jul 23rd, 2008 01:48 pm |
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Game_Over2007 wrote: "Stuff" happens PTG..... Hope your still alive...... Let's see whats on the horizon today with the markets. I'm having a real hard time trying to understanding this "maze" of financial "BS" being pumped out to the media. Yesterday Wachovia through me off with it's big loss and another 8 Billion dollar write down. The stock goes up based on the new CEO of Wachovia "John Steele" making a comment about the overall stability of the bank. Seems I've heard a lot of those stories lately and the next day things change really fast for the short traders. Oh well another day and more lies...... 
How the frag is an 8 billion write off stability?
Why are you still playing in the stock market are you factoring the devaluation of the dollar on a daily bases vs your profit off of stocks? If your investments are in dollars you loose value every day. You know the gov fudges the numbers and lies. This is the time when the super rich are pulling out and wall street keeps telling you everythig is sunshine so you dont pull out. You all are going to wake up one morning and find out your 401k's are now worthless. Or that some one in your company cashed them out and headed east with all your money. Did you know that can be done? did you know that while they tell you you cant get your own money that whomever in your company that signed the contract with the investment firm can cash out the entire companies 401ks. Does IMClone ring a bell to anyone?
IMHO you all need to get your FRNs out of the stock market and convert them to other currencies like Swiss bonds or buy silver bullion and keep it at home. Not gold as it is a controlled monopoly. There are other precious metals as well. Note i said keep it at home not buy stocks or futures in it. investment at this time is illogical as the currency system is collapsing.
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Game_Over2007
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Posted: Wed Jul 23rd, 2008 11:02 am |
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| "Stuff" happens PTG..... Hope your still alive...... Let's see whats on the horizon today with the markets. I'm having a real hard time trying to understanding this "maze" of financial "BS" being pumped out to the media. Yesterday Wachovia through me off with it's big loss and another 8 Billion dollar write down. The stock goes up based on the new CEO of Wachovia "Bob Steele" making a comment about the overall stability of the bank. Seems I've heard a lot of those stories lately and the next day things change really fast for the short traders. Oh well another day and more lies...... Last edited on Thu Jul 24th, 2008 11:28 am by Game_Over2007
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Playing the Game
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Posted: Wed Jul 23rd, 2008 01:01 am |
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| I just had my wife call Mike Ambruso because I must be dead, you both saw merit in my argument.
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Fred
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Posted: Wed Jul 23rd, 2008 12:21 am |
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| Don't get too used to this, CR, but that actually makes sense....much more than the crap about the President's statement having an effect.
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Game_Over2007
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Posted: Tue Jul 22nd, 2008 11:44 pm |
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I agree PTG and if others here think these banks are on the rebound they better think twice............... When do remember a bank reporting major losses and again they said another "write down" and the stock goes up like no tomorrow? Level two traders playing their games again....... be careful if your buying these "jewels"
http://biz.yahoo.com/ap/080722/earns_banks.html
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Playing the Game
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Posted: Tue Jul 22nd, 2008 08:09 pm |
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I said from the beginning that a major cause of the run up in oil was due to speculators and made an analogy with the fall of the Bass Brothers and silver. Well it looks more and more like I was correct.
http://biz.yahoo.com/rb/080722/semgroup.html
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Ben Franklin
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Posted: Tue Jul 22nd, 2008 03:46 pm |
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This pretty much explains why the dollar is collapsing. Its done and so is our economy. Note this was written last year!
http://www.strike-the-root.com/71/allport/allport10.html
Once the Fed and the income tax came into being, things changed, at first slowly and then much faster. The dollar became ever-more-worthless and the percentage of a typical family's income taken by government at all levels has grown from one or two percent in the first half of the 1900s to over 55% today (this includes FICA, Medicare, and, in most states, a state income tax). Then there are sales taxes, property taxes, and many other taxes, in ADDITION to the 55%.
read the article and prepare yourselves accordingly!
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truthsabitterpill
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Posted: Tue Jul 22nd, 2008 11:26 am |
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Angel1965,
You are right in the furture you see, too many people who shouldn't have gotten loans - did and now they don't have a pot to piss in so to speak. Would I fault the builders and call them greedy? You sound a lot like the neighbors who would like things to stay the same - you've got your house in your neigborhood and no one else needs to have the same advantages you do. You know, the ones who show up at the levy court meetings yelling no more growth - except you forget - there was once a time in your life you wanted a house and a yard and a neighborhood of your own.
What I really don't like is the fact that my children would have had a difficult time buying their first house in the market that was created - and I'm not talking about the loans - the housing prices were so inflated and so few builders were building starter homes - just homes in the 350,000 price range and up. And for the most part, neighbors loved it - it meant their homes were worth more. But the truth is, it hurts the community in the end when our children can't afford to buy homes and stay and work here.
Could you put all the blame on the greedy little bulders? No, not really - it was all about opportunity. Would you turn away someone with a pocket full of money to invest? You wouldn't care if it was the pocket of someone who benefitted from such a boon. No one that I know of would turn away from an opportunity to grow their bussiness and be busy. Housing is such an up and down market and most of the builders knew it was a bubble that was going to burst. Some of them were naive in thinking that they wern't going to be affected to such a degree - because they had better judgement, supposedly. Oh well. Now we have lots of people out of work. Not just laborers, but salesmen, middle management and upper management as well, kinda hard to pay any mortgage when you don't have a job.
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Game_Over2007
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Posted: Tue Jul 22nd, 2008 06:56 am |
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Amazing how we all seem to forget the real issues with our economy. Our ability to borrow is drying up and banks need capital infusions to run their business models whatever they may be.
Wachovia banks reports today and it looks like those so called "sewer rat short sellers" will get their wish so watch this one today. Last week it touched $7.80 and bounced back to the $13.00 range. Wachovia is now making changes. Wonder why now?
http://money.cnn.com/2008/07/21/news/companies/wachovia_lending/index.htm
http://money.cnn.com/2008/07/17/news/companies/wachovia_raid.ap/index.htm?postversion=2008071715
http://money.cnn.com/2008/07/15/news/companies/boyd_banks.fortune/index.htm?postversion=2008071515
http://dailybriefing.blogs.fortune.cnn.com/2008/07/15/wachovia-faces-reckoning/
You can not trade this market anymore because of short sellers enjoying the fruits of volatility. The VIX is their bible and it rules the markets. Shares in your mutual funds are being exploited via short sellers borrowing on the cheap and selling for a profit. Nothing is sacred huh? Exposure in todays markets makes you wonder how great things really are and its getting worse. CASH RULES people....
This is just the beginning of more negatives coming. When you have debt spreads running wild and no positives, it does strap future growth along with everything else associated with our normal everyday businesses.
Look at all the commercial real estate available to own or lease. We have idiots still in the building of this stuff with nobody interested. You builders of prime time land and your New Jersey connection dried up bigtime.... NOBODY IS DOING ANYTHING..... Think about your real estate pundits of greed with their lies and never-ending "BS" and now they suffer and pay the price..... Life can be a real "B"
Look at your investments folks and reallocate to safer modes.... Have a great day
Last edited on Tue Jul 22nd, 2008 08:41 am by Game_Over2007
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Fred
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Posted: Mon Jul 21st, 2008 06:29 pm |
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Ben...did you check Cramer's web site? I think someone misunderstood his comment, or a segment of his show that is called "Stop Trading".
http://seekingalpha.com/article/85662-for-everything-wind-stop-trading-7-17-08
He is still making picks, as well....The day after this supposed "sell everything" he was recommending stocks including MetLife and Marathon Oil.
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Ben Franklin
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Posted: Mon Jul 21st, 2008 06:16 pm |
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Cramer - Stocks Are Doomed, Sell Now
Breaking News from MoneyNews.com
7-17-8
Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish.
Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it's his goal to help them find it.
"But this time is different; it's doom itself," Cramer recently wrote in New York magazine. "In 25 years on Wall Street, I have never seen things this bad."
Cramer is a former hedge fund manager who delivered a compounded rate of return of 24 percent for 15 years at his firm, Cramer Berkowitz.
His investment advice is always very specific, and he is also clear about what he sees over the short term.
"Sell everything. Nothing's working," he writes.
"Revisit when the prices are adjusted for a big recession, soaring inflation, and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it," said Cramer.
Barclays Capital agrees with Cramer's assessment of inflation. It is now predicting that headline inflation will spike to 5.5 percent by August, and the Fed will respond by increasing interest rates six times before the end of 2009.
The Consumer Confidence Index is also near all-time lows.
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Game_Over2007
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Posted: Mon Jul 21st, 2008 04:11 pm |
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| If banks were more transparent and never told another lie who knows. Right now I see Wachovia popping back up this week based on comments made last week by the FED and the Treasury Secretary concerning Freddie and Fanny..... Wilmington Trust got caught with its over exposure to Freddie and Fanny..... You have to wonder what else lies ahead even though some say bank stocks are now way oversold but at the end of the day we know thats not the case...... Truth is we have 1.5 trillion dollars in bad debt issued by these little darlings catering to Wall Street charm and now they're slowly being exposed for what they really are....... 300 plus banks will fail this year..... Latest stock market uptick if you can call it that is just a short covering rally and nothing more...... oil heads down and the "shorts" change course and move on into other areas...... sewer rats do that......
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Ben Franklin
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Posted: Mon Jul 21st, 2008 03:02 pm |
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Every day the dollar looses more value, every day a new bank needs to be baled out.
how long before you think there will be runs on the banks? Investments are doing nothing but loosing value!
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Game_Over2007
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Posted: Mon Jul 21st, 2008 09:05 am |
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Having a disciplined plan to retire on is key for everyone concerned. The impact of whats going on around you will over the long term affect everything as we go forward. Traditionally over time being diversified in the markets and knowing your risk tolerance level is key for the long term. I for one played the markets based on relative strengths moving in and out of the indexes. You have better control and over time make a better return. The RSI charts prove it and with discipline can yield far better returns.
http://money.cnn.com/2008/07/11/news/economy/fannie_freddie.fortune/index.htm?postversion=2008071413
Last edited on Mon Jul 21st, 2008 10:48 am by Game_Over2007
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Fred
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Posted: Sun Jul 20th, 2008 12:32 am |
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Well, I've been contributing to my retirement funds all year, and even increased the amount I've been saving...but the amount is pretty much what it was 7 months ago. Now, I don't worry about it that much, figuring I've got 20-25 years before I am going to touch it, but it has affected a lot of people.
Fortunately, I don't have more then 100K sitting around in a bank.
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Playing the Game
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Posted: Sun Jul 20th, 2008 12:13 am |
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| Not my money.
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Game_Over2007
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Posted: Sat Jul 19th, 2008 11:58 pm |
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| Whatever "land" you want to call it, somebody with "integrity" needs to deal with this never ending DEBT accumulated and fix government for the people no matter what side of the isle your voting on. Federal, State and Local governments are operating on a theory of lies and false visions and need to get back to dealing with reality and the issues we need to fix. Just here in our local area we let the likes of Mike Harrington, Jack Lingo and all the other real estate pundits of greed and corruption get away with their over development, predatory lending practices to sell sell and now we pay for their never ending greed........ This culture of thieves ran out the back door with your money....... laughing all the way to the bank....
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Playing the Game
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Posted: Fri Jul 18th, 2008 07:17 pm |
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| You could call it "vanilla land". No Thanks.
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truthsabitterpill
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Posted: Fri Jul 18th, 2008 01:43 pm |
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the lesson will never be learned - everything in moderation.
I think we need a new side - the moderate side, where dems and repubs can all come together in a nice big moderate hug.
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Game_Over2007
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Posted: Fri Jul 18th, 2008 11:27 am |
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| No I'm not...... The truth is when the Jewish communities in Florida see whats going on with some of John Boy McCain's associations, they will not support this wannabee President. UBS was one of THREE Swiss banks with frozen Jewish assets in bank accounts making money off the "dead" while fighting in court to keep those accounts for themselves and not liquidating them to the descendent's of the Holocaust. Facts are facts and Phil Graham was right in the mix for deregulations helping those Swiss banks. As far as I'm concerned they can throw Phil Graham in jail for crimes against humanity....... GREED gets you in trouble everytime..... By the way .... I still don't like you....... Last edited on Fri Jul 18th, 2008 11:28 am by Game_Over2007
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Playing the Game
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Posted: Fri Jul 18th, 2008 11:07 am |
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| You're whinig there G_O. Nice independent news sources you're quoting there.
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Game_Over2007
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Posted: Fri Jul 18th, 2008 09:04 am |
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Well John McCain has some more issues to explain. Phil Graham his financial wizard has been identified with some real serious issues concerning his UBS lobbyist dealings and now they are surfacing as Carl Levin exposes the truth with each passing day. Offshore banking has been a real tax shelter for the Rich and Famous costing US Taxpayers BILLIONS of dollars in tax revenues.
Phil Graham helped set this all in motion years ago when he proposed deregulation for the likes of UBS banking and others...... Amazing.... and Phil Graham calls us a bunch of "whinners"...... SCREW HIM and McCain.....
http://www.abcnews.go.com/Blotter/story?id=5394214&page=1
http://www.huffingtonpost.com/2008/07/17/sen-levin-calls-for-ubs-t_n_113308.html
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3399416
http://sporkinthedrawer.typepad.com/blog/phil_graham/index.html
http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html
http://www.wikio.com/video/249897
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3634286
http://www.dailykos.com/story/2008/5/27/211240/949/463/510089
Last edited on Fri Jul 18th, 2008 09:27 am by Game_Over2007
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truthsabitterpill
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Posted: Thu Jul 17th, 2008 03:15 pm |
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200 homes? Just wondering if your data is verifiable or if you are exaggerating a wee bit. If it is verifiable - please reference.
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Ben Franklin
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Posted: Thu Jul 17th, 2008 02:59 pm |
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Trend Alert - Economic
911- CODE RED
7-14-8
In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. And they won't know what hit them. Gerald Celente, 17 December 2007
THE PANIC OF '08: CODE RED - PROTECT YOUR FUTURE NOW!
RHINEBECK, NY 14 July 2008 -- The "Panic of '08" that we had predicted is "ON." Only the blind can't see it, the deaf don't hear it and those in denial won't admit it. America's economy has taken a direct hit. The nation's financial superstructure is collapsing. Those waiting for the "official word" and hesitating to take survival measures will go down with the sinking ship of state.
The Economic 9/11 that we had warned would "topple corporate giants" and "crush the man on the street" hit on Friday. (See "Economic 9/11," Trend Alert, 12 November 2007; "Economic 9/11" Top Trends 2008, Trends Journal, Winter 2008.) While an economic terror strike was long in the making and the devastation long predicted, the financial markets melted down and panic hit the Street on the news that the nation's two largest mortgage finance companies, Freddie Mac and Fannie Mae, were on the brink of failing.
The dollar resumed its downward slide, gold sharply reversed its three month slump and oil rose to record highs on the threatening economic news and word that Israel was practicing bombing runs over Iraq in preparation to attack Iran. The Dow - before paring some of its losses on a late in the trading day rumor that the Fed would open its discount window to keep feeding Mac and Mae with needed cash to stay afloat - had fallen to a two year low on Friday.
Hours after the markets closed on the East Coast, and with the nation gearing up for another summer weekend, most people were tuned out when IndyMac Bancorp officially went belly up at 3 PM PST. Had the news hit while Wall Street was in session that the second biggest bank failure in US history was under way, calamity would have ensued. Instead, the out-of-touch missed the news and the ever-hopeful believed Uncle Sam would save the day.
Baby Talk
Despite calls from the business media and politicians from both parties for government intervention to rescue the failing institutions, there are no bailouts, buyouts, quick fixes or magic remedies that will save America's economy from going under. The formula is simple and the outcome predictable: The more money the government prints to cover the multi-trillion dollar losses, the weaker the dollar gets. The weaker the dollar gets, the higher inflation goes. The higher the rate of inflation, the more it costs to live. With wages going down and unemployment going up, the poorer the nation becomes. Americans will be facing the worst economic times in living history, and so too will much of the world.
There is NO WAY OUT. While Washington may devise some tricky monetary maneuvers to temporarily stop the bleeding, as they did to keep Bear Stearns from going bankrupt this past March, there is nothing that anyone can do that will stop the economic hemorrhaging.
Editor's note: Claims by market analysts, politicians, special interests and the generally interested that media and pundit "hysteria" is "unnecessarily inflaming market fears" are overstating the power of persuasion and understating the causes and effects that have created the current economic climate. More than homegrown pessimism and personal negativity, it took decades of destructive business and government policies and years of greed and corruption to destroy the world's largest economy.
Trendpost to Profit: Some $1 billion of uninsured deposits held by 10,000 IndyMac customers are now trapped and federally seized. Since FDIC only insures deposits of up to $100,000, holders of accounts with larger amounts under one social security number (business and/or personal) may consider dispersing funds to safer havens.
We predict a continuing spate of banks, businesses, and brokerages going bust (See "Panic of '08," Top Trends 2008, Trends Journal, Winter 2008). As events continue to spin out of control - and considering draconian measures that have abrogated constitutional rights under the guise of fighting terror - we forecast that the "little people" will be forced to pay for costly government rescue plans to save the "too big to fail." A dollar devaluation, a repatriation of gold coins, bullion, stocks, ETFs, etc, bank withdrawal limitations and other government restrictions will be put in place to prevent the general public from taking steps to secure their liquid assets.
Forewarned is forearmed. For those that proceed into the future unprepared, the outcome could be ruinous. For those searching for fresh opportunities and new directions, we can provide trend-based solutions to put you on the path to profit in the midst of confusion, panic, fear and loss. For more information, please contact our Professional Services Department at 845.876.6700 or go to http://www.trendsresearch.com for the full range of Trends Research Institute services.
An inevitable concequence of a fiat money system. Our economy is finished. the signs are there if you ignore them then you will suffer. Any day now bam your money is gone. Best to prepare yourselves people.
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Angel1965
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Posted: Thu Jul 17th, 2008 08:18 am |
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Well this says a lot about Freddie and Fannie...... Sinking ships like the unsinkable TITANIC...... do sink..... Sad as it may be...... It happens for a reason.....
http://biz.yahoo.com/ap/080717/fannie_freddie.html
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Playing the Game
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Posted: Thu Jul 17th, 2008 01:34 am |
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That's the type of "sound" financial thinking that has pretty much buried the Social Security system.
Shame on you if you don't know where your money is invested.
These markets need to correct and it is going to hurt a lot of people who are very nice trusting souls.
Never be complacent with your money, no one will take care of it like you do.
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Kirk
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Posted: Thu Jul 17th, 2008 01:23 am |
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"G_O - At least we agree that the market needs to correct itself and the Government needs to keep their paws off it. If the mortgage industry is allowed to falter and lets the fools lose, it will recover. The economy is not rosy, but it is mainly due to overextended credit users.
There will be pain before recovery, but it has to happen. Of course that doesn't get politicians re-elected or elected."
Sorry, but I have to disagree. There are millions of people that are heavily invested in sub-prime backed mortgage securities, and they do not know it. They have deposited their funds into an account (be it savings, ira, 401, etc...) that is then invested in a broad range of securities. Even in a highly diversified investment portfolio, having 3% of an institution's funds in mortgage-backed securities means that default on those instruments results in a potential 30% loss in the equity value of the firm. Such losses can trigger more liquid - a.k.a. large scale - account holders to withdraw their funds before smaller investors can do so. This causes further equity losses and closing of the bank. For the more than 50% of retirees and senior boomers that hold all of their financial resources in "safe", insured bank deposits - few, if any, have any idea how their accounts are invested. Simply walking away from the market and saying "adios" to billions/trillions in retirement assets by dissolving U.S. financial markets causes more ultimate costs to society than the occasional billion on changing the role of regulators in the markets. From a pure cost/benefit standpoint - it is cost efficient to regulate.
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Game_Over2007
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Posted: Thu Jul 17th, 2008 12:43 am |
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| Well I expect good ole "Hutch" will be out and about this weekend trying to get his campaign in full swing. Sure hope all those skeletons from the past come out to make his day a lot better. Living off the taxpayer dime has about run its course with most around here. Let the "election game" begin........ Brain has one thing you don't and that's "integrity"
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Playing the Game
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Posted: Mon Jul 14th, 2008 10:56 pm |
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G_O - At least we agree that the market needs to correct itself and the Government needs to keep their paws off it. If the mortgage industry is allowed to falter and lets the fools lose, it will recover. The economy is not rosy, but it is mainly due to overextended credit users.
There will be pain before recovery, but it has to happen. Of course that doesn't get politicians re-elected or elected.
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Game_Over2007
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Posted: Mon Jul 14th, 2008 10:18 pm |
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Their is a common thread here like years ago and it all revolves around wall street greed and banks out of control. They just got caught.... Now we PAY.... Let the markets correct themselves and let the weak die. Every-time this happens the pundits of knowledge who sat on their fat political asses wake up and want you to think they're in control. THEY'RE IN CONTROL OF NOTHING....... The economy is bleeding internally and its runs so deep it will take years to bring under control...... Credit spreads are getting worse and more and more people are using credit cards to pay down what they don't have..... Think about all those credit derivatives created which were so complex nobody knew who had what or who owned it...... Creative investing at its best..... Now we enjoy the phrase "write downs" because we can't seem to say LOSS........ Only on wall street can such BS flow so smooth.... Makes you wonder again...... tech bubble.... commodities bubble..... debt with no end....
Fred I think your "one element" is a form of cancer dragging down the whole country and it's spreading into everything...... everything else is not fine......
Last edited on Mon Jul 14th, 2008 10:26 pm by Game_Over2007
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Fred
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Posted: Mon Jul 14th, 2008 07:56 pm |
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| Right, CR. Other then that one small insignificant element of the economy, everything is doing fine.
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Ben Franklin
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Posted: Mon Jul 14th, 2008 07:24 pm |
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Fred wrote: I don't know. The situation is far different then is was back then. However, the need to prop up Fannie and Fredie this weekend indicates deep problems in our economy.
while it may be playing out a bit differently it has the same root cause. the federal reserve banking system
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Playing the Game
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Posted: Mon Jul 14th, 2008 06:43 pm |
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| It only indicates deep problems in the mortgage lending industry. It is a correction that needs to happen and the government needs to keep their hands out of it.
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Fred
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Posted: Mon Jul 14th, 2008 05:20 pm |
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| I don't know. The situation is far different then is was back then. However, the need to prop up Fannie and Fredie this weekend indicates deep problems in our economy.
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Ben Franklin
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Posted: Mon Jul 14th, 2008 04:41 pm |
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Angel1965 wrote: Sign of the times and more bad news coming.................
http://biz.yahoo.com/ap/080712/indymac.html
the first of the bank closers anyone see a pattern from say 1933?
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Ben Franklin
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Posted: Mon Jul 14th, 2008 04:39 pm |
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Game_Over2007 wrote: Well I guess "Hutch" is looking for more public service and I do think "Brian" needs to win for the 17th district.......... Sick and tired of the "good ole boy" mentality of Mr Hutch..... If he wins we get to pay for his "golfing and meals" on the taxpayer dime again.... Dover had their fill of him with all his "perks"........ A real legend............
Everyone in office at the moment shares blame for the state of this State. Regardless of the level of gov. SO WHY WOULD YOU VOTE ANY OF THEM BACK IN OFFICE?
Voting records are what matter not any BS coming out their mouths or how likable a person they are. Obviously Hitler was a likable person as he was elected to office.
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Fred
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Posted: Mon Jul 14th, 2008 02:19 pm |
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| You do understand that the charge of sexual harrassment could include making the exact type of comments you just made, right?
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truthsabitterpill
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Posted: Mon Jul 14th, 2008 02:07 pm |
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In reply about the sexual harrassment lawsuit against the Dover Police - I actually know one of the women who was involved - I think the only way someone there would have ever harrassed her is if someone tied a steak to her neck. I personally think she was probably upset because no one wanted to harrass her sexually or otherwise with a ten foot pole.
- Just my enlightened observation.
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Playing the Game
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Posted: Sun Jul 13th, 2008 05:42 pm |
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I met Brian and his wife about 5 years ago when he ran the first time. I actually liked him, even after I found out he was a Democrat. He is a fairly conservative Dem and if I lived in his district, I would vote for him.
Don't get used to this spate of agreement, I'm sure you'll tick me off soon enough, or I'll say something to drive you up the wall. Have I told you recently how I really feel about day traders? 
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Game_Over2007
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Posted: Sun Jul 13th, 2008 02:29 pm |
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PTG..... When the city of Dover settled out of court concerning those women who filed the law suit for sexual harassment against the Dover Police Dept (Smith's Boys), that told a telling story about the Smith / Hutch years and if the truth be known, one can "assume" the reality of what was "sealed" and out of public view. I knew Smith and some of his social click and it wasn't pretty.......
We agree again........ this is unreal...... maybe we can get the Angel of Death to pay for coffee.........
VOTE FOR BRAIN BUSHWELLER 17TH DISTRICT SENATE
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