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[FLSTFI Dave]

This is a correct statement. Now answer me this. WHO LET THIS CHIT HAPPEN??

I built my house in 1998. I built in a mountain area in the middle of no where. I had put 20% or more into construction costs out of my pocket and owned the land. When I applied for a mortgage I was told I over built the area. They still gave me a loan to replace the construction loan. Thank God the area started to build up and my home value shot through the roof. As far as equity goes I am in great shape. But this does not help the people who are losing their homes

Be Safe

THE DAWG

Clinton, Barny Franks, C Shumer, Raines the head of Fannie and so on.....

[DCFIREMANN]

Well it sure didn't get any better today. Down almost 500 more points. Closed below 9500.

Well I can cash in next Monday without paying the penalty. I may just do that.

Be Safe

THE DAWG

[SPIDERMAN]

FREE THE UNABOMBER !

Bump

[iski]

Bump

If freed does he go to Wall Street or Congress?  Both?

[grc]

If freed does he go to Wall Street or Congress?  Both?

I suggest Wall Street first, before the bastards flee to their off shore paradise with our money.  Those clowns in Congress are too used to being on the public dole to flee Washington.

Jerry

[iski]

I suggest Wall Street first, before the bastards flee to their off shore paradise with our money.  Those clowns in Congress are too used to being on the public dole to flee Washington.

Jerry

The pay for a guy losing mega millions for his company should be minimum wage.

The clowns in DC should be paid scale wages for clowns for actual hours supposedly "worked".  The President as well as Speaker of the House & Senate Majority leader should wear clown wigs when talking in public also.

Mike

[SPIDERMAN]

If freed does he go to Wall Street or Congress?  Both?

Obviously, you haven't read his "Manifesto" He targeted the CEO's of companies whom he believed were raping America and it's working class. Very Marxist in it's tone, it is nonetheless a good read when viewed from today's perspective.

B B

[Talon]

The pay for a guy losing mega millions for his company should be minimum wage.

The clowns in DC should be paid scale wages for clowns for actual hours supposedly "worked".  The President as well as Speaker of the House & Senate Majority leader should wear clown wigs when talking in public also.

Mike

We all want to get the Fat Cats getting these big payoffs, but I think Congress is a little hypocritical about this.

SOCIAL SECURITY:
(This is worth reading. It is short and to the point.)

Perhaps we are asking the wrong questions during election years

Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.

In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.

For all practical purposes their plan works like this:

When they retire, they continue to draw the same pay until they die.

Except it may increase from time to time for cost of living adjustments..

For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275, 000.00 during the last years of their lives.

This is calculated on an average life span for each of those two Dignitaries.

Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA..! ZILCH...

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

' OUR TAX DOLLARS AT WORK '!
From our own Social Security Plan, which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer). We can expect to get an average of $1,000 per month after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley's benefits!

[9 1/2 Beers]

I do not reccomend stocks

i'm hearing and oil refiner stocks, and steel stocks are on there azz

i would pick away on them on the buy side for a longer term interest


please do not buy these because of this post, i'm just trying to help my friends

[miker]

FTO, pe under 4 and getting slaughtered...

[iski]

Obviously, you haven't read his "Manifesto" He targeted the CEO's of companies whom he believed were raping America and it's working class. Very Marxist in it's tone, it is nonetheless a good read when viewed from today's perspective.

B B

Never read his Manifesto.  Each society has some version of CEO's and/or politicians raping their country & it's working class.  Except in some countries the rape is also physical and not just financial.

Marx was a good read for me a long time ago.  Different perspective on the greed motives of Marxism vs the greed motives of capitalism.

Mike

[iski]

We all want to get the Fat Cats getting these big payoffs, but I think Congress is a little hypocritical about this.

SOCIAL SECURITY:
(This is worth reading. It is short and to the point.)

Perhaps we are asking the wrong questions during election years

Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.

In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.

For all practical purposes their plan works like this:

When they retire, they continue to draw the same pay until they die.

Except it may increase from time to time for cost of living adjustments..

For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275, 000.00 during the last years of their lives.

This is calculated on an average life span for each of those two Dignitaries.

Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA..! ZILCH...

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

' OUR TAX DOLLARS AT WORK '!
From our own Social Security Plan, which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer). We can expect to get an average of $1,000 per month after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley's benefits!

Your points are valid.  Congress can vote themselves the Treasury proceeds, so they do.  Insane.

For the early retirees on SS it was a bonanza of sorts.  They paid little to nothing & collected for years.  Now a passbook savings account is not so far from SS when someone pays the max into it each year.  Add the SS payroll cost of employers to see how bad SS sucks as a "forced investment."   Also, SS cost to employers of SS is considered as income for those employees who many times have no clue that is actually part of their compensation that they never see due to the structure of federal law.

[spydglide]

Obviously, you haven't read his "Manifesto" He targeted the CEO's of companies whom he believed were raping America and it's working class. Very Marxist in it's tone, it is nonetheless a good read when viewed from today's perspective.

B B

Very interesting, BB.  Just goes to show that even paranoid people can have real enemies.    spyder

[SPIDERMAN]

Very interesting, BB.  Just goes to show that even paranoid people can have real enemies.    spyder

Spyduh
          You're only paranoid if you're wrong

Food for thought

B B

[hunter]

07:30  Commercial Credit: The shoe is dropping as expected - FBR

 Friedman Billings says commercial credit continues to deteriorate, and, while regional banks are still experiencing relatively low loss levels in their C&I portfolios, they expect these losses to accelerate towards, and potentially exceed, historical peak losses over the coming quarters. Investors' sentiment mirrors management, as current valuations for banks with relatively high commercial loan exposure are trading well above trough levels, though with the recent market correction, these banks are trading below the 18-year historical median valuation. Ultimately, firm believes that the contrails of a consumer recession have yet to be seen fully in commercial credit, preventing firm from becoming more bullish on banks at current valuations. Firm believes the following cos to be at elevated risk for future business loan problems: Comerica Incorporated (CMA), City National Corporation (CYN), Webster Financial Corporation (WBS), UCBH Holdings (UCBH), and Sovereign Bancorp (SOV).