I must have ESP worth 700billion

Topic: I must have ESP worth 700billion (Read 3578 times) previous topic - next topic

I must have ESP worth 700billion

Reply #30 – October 01, 2008, 12:37:30 AM

ok,,
nuff said here,,,,:toilet:

I must have ESP worth 700billion

Reply #31 – October 01, 2008, 08:28:12 AM

As I understand it, the government would buy the loans at about $.75 on the dollar... The reported value(if can be believed) is close to $.95 on the dollar... If this is true, there is much money to be made on the deal... At a worse case, they're worth less than $.75 and we loose some money... BUT in NO case is it a $700 Billlion give away...

I must have ESP worth 700billion

Reply #32 – October 01, 2008, 11:13:33 AM

The "aid" Mass is talking about is distributions of Lottery and Income Taxes - I'm sure most all states distribute money in a similar fashion - even my NH has education "aid" as many towns can't raise enough through property taxes to fund schools (voters wont let them) so they have to get state Lottery & restaurant tax money (in case on NH) to meet minimum educational requirements. Yes, Mass has $170M to cover the distribution, but next time someone's kid will be missing out on something in school. The way money is temporarily borrowed to do this is a way of life - we'd go into a deep depression in this country if we couldn't make sort-term loans to cover payrolls etc. Oh, and I've heard that small businesses would suffer more than big as they can't cover payroll without line-of-credit where larger companies may have large amounts of cash-on-hand to do this.

I must have ESP worth 700billion

Reply #33 – October 01, 2008, 07:56:40 PM

now the total is 850billion, Why did it raise? probably because the 700B already was spoken for inside the fist two seconds of passing.

what in the world would tax breaks for companies who supply services of the following have to do with our problem? Nothing other than cry babies not giving in until the bill is so full of pork, focus is lost.

-wooden arrow makers
-wool research
-mental health insurance

just to mention a few have to do with a market problem. Still to date, there is not a thing in the bill for for the man who will pay this bill later.

Im happy those of you are satisfied with this christmas tree bill decorated with wool , wooden arrows and such. It goes to show my judgment must be way off.

The market is swinging up , construction numbes are up by a small percentage but still up, I dont now about unemployment but that number has always been funky.

What I do know is that the best minds who were previously running wall street , many smart minds in the dynamics of an economy say we are not going to benefit from this bill.

Somehow i feel more scared of the day when i no longer care.

I need something real that makes me proud of what my gov't is doing. We no longer have any products to hold up saying this is made right here at home, nothing to show what we can do other than lately.

I must have ESP worth 700billion

Reply #34 – October 01, 2008, 11:11:40 PM

http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

there you have it,, all 451 pages

I must have ESP worth 700billion

Reply #35 – October 09, 2008, 02:59:02 AM

so hows everyones 401k now

I must have ESP worth 700billion

Reply #36 – October 09, 2008, 08:33:32 PM

What 401k?

I must have ESP worth 700billion

Reply #37 – October 10, 2008, 12:49:47 AM

good point there,,,,,,,,,,

hows about this...........
Has the bail out lived up to its antited expectation with respect to those who had money in the market?

I must have ESP worth 700billion

Reply #38 – October 10, 2008, 09:06:26 AM

Well, so far the bailout hasn't been implemented, so I'd say it isn't even relevant yet. Probably was too little, too late - though I know you see it the opposite - we're screwed either way. It may help some once they start buying some of the bad paper.

I must have ESP worth 700billion

Reply #39 – October 10, 2008, 09:18:02 PM

I think they should have let all the people that lost billions and let em crash and burn. If you suck at business maybe you shouldn't be doing it anymore. I heard on a talk radio show that the total would have added up to $300,000 for each person over 18. Im not sure how accurate that is, but that would kill the value of the dollar if they did that...

I must have ESP worth 700billion

Reply #40 – October 11, 2008, 12:49:48 AM

Quote from: Cougar5.0;238998

It may help some once they start buying some of the bad paper.

:rollin: yeah,, buy bad paper even more worse off paper.

I dont see things the opposite of anyone,, I seem to be reluctant on the choice because of the lack of foresight. I guess being a looser is the way you get respect nowadays. its all good though, this will come and go like water off a ducks back.

I must have ESP worth 700billion

Reply #41 – October 11, 2008, 04:03:53 PM

The thing is, they are actually taking their time before they decide which bad loans to buy - that's why they haven't really implemented this so-called "bailout" yet. The government will own the properties that default on their loans, then will hold the properties until home values come back, then sell them - hopefully at a profit. And they are not paying full value for the loans, so the banks will take a loss on any risky loans the gov. buys. Unfortunately, the dominoes had already started to fall when they decided to do "something" and it may take 10 years before I get back the enormous amount of money I lost this past week. It's been the worst drop in the Dow in it's history - these are bad times no matter who you want to blame or how ineffective the response has been from the US governments, and now the combined effort of governments all over the planet.

Bend over people, take it like a man. :(

I must have ESP worth 700billion

Reply #42 – October 11, 2008, 05:29:01 PM

I must have ESP worth 700billion

Reply #43 – October 16, 2008, 11:54:09 PM

*THUD*

The next shoe just dropped.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/310139971

I must have ESP worth 700billion

Reply #44 – October 17, 2008, 08:28:01 PM

first of all, let me get a little ugly here because its due.

Who the hell is this foreign unpr0nounable last name chick think she is fooling?

She thinks an already failing administer "social security" is going to work?

New York city people do not have any clue how the real world works as they live in thier filthy stank ass town of mixed up foolishness.

There is no way a man can save and gain any ground on retirement and keep up with inflation without a company match. She wants to mandate everyone put away 5% and with no match,, just give it to the gov't so they can squander it away and cry later that they also lost all that money.

I have to say it or bust but i am really starting to learn a lot about what we are in for soon. Our govt is in a real fine mood to make some changes that forces everyone into a USSR senerio where everyone has a pay cap and can not do this or that and if you do,, you will be put in jail or fined.

before you say i am wrong,,, did anyone pay attention to what happened to the lady that asked Laura Bush "why did my son have to die in iraq? while laura bush was speaking to a press group?

The lady raised her hand,, she was called upon by laura,, the lady spoke her question loud enough for everyone to hear. Laura did not answer the question,,, and if you paid attention,, you know what happend.

Soon you will be under so much control,, you will not know what freedom is.

Before you think its not possible in the USA,, look at what happened to the lady,,,
look at the Woodrow WIlson administration and what they did with people who spoke out about WWI,,, and the list goes on. Yes the US is capable of Socialism and we are headed to a UNITED VERSION.
We voted people in office to speak for us,, and when we speak that we do not want something,,, they do what they want,,, and this is what we get in return : consideration of a policy that does nothing but limit us.

I believe in a capital system where you make as much money as you can. I have problems with the moral character of the companies who outsource and limit our choices to the degree that we are force to have only one choice,, made in china.

As we come close to an election,, let your minds consider the below words and let these words empower you to do the right thing as the meaning contained within lends itself to our choices we have soon. If it is reasonable to say there is a choice, please share with me why i am so confused. The character choice we will make falls upon our own shoulders as a character flaw of our very own.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.