350zCommtech's Account Talk

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Braveheart said:
I am not a fan of stores and don't like shopping but LNT was actually a cool store. Hope your wife finds a good job sorry to see good hard working people lose their jobs but lets keep building up Iraq it makes me sick.

Wait till the shopping Malls go under. All the smaller stores will not survive this. There will be vacant Malls everywhere and that would leave Sears etc. but people will just drive past. Circuit City will go under, Marshalls, Old Navy etc. may be next.
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I agree about Circuit City. Black Friday was a bad experience.
 
350zCommTech said:
I agree about Circuit City. Black Friday was a bad experience.
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I honestly dont see how Circuit City stay in business.. Best Buy is always packed but no one is ever in CC.

and with WalMart/Sams selling sub $1k LCD/plasma flat screens i figured both store's days were numbered
 
Don't know if this has been posted already.

Senate backs housing bill heavy on tax breaks

Thu Apr 10, 2008 4:32pm ED

By Kevin Drawbaugh
WASHINGTON (Reuters) - The U.S. Senate on Thursday voted overwhelmingly to approve a $15 billion bill tackling the nation's housing market crisis with tax breaks for corporations and some assistance for distressed homeowners.
The legislation is opposed by the White House, and has been criticized as too laden with business tax breaks by some lawmakers. The House of Representatives, where the bill will go next, is working on a narrower housing plan that focuses on tax breaks for homeowners.
Illinois Sen. Barack Obama, a Democratic presidential hopeful, said the Senate bill was a good start but didn't go far enough.

"The heavy hand of special interests has again had too much influence on this bill," Obama said. "Special interests have insisted on putting in unnecessary tax breaks for the profits enjoyed by home builders during their boom years, and on keeping out a change to our bankruptcy laws that would remove preferential treatment for mortgage lenders."

At a cost of $15 billion over 10 years, the Senate bill would give a $6 billion tax break to home builders by temporarily extending a rule that lets businesses count current losses against taxes from prior profitable years.....http://www.reuters.com/article/politicsNews/idUSN0837803620080410
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I was thinking of jumping to S Fund & C Fund _____if I went 100% not sure which one would be the better play next week.

Then again I could just stay in G
 
anidoc said:
Well, I know a better word for this !%@#, but all I will say here is GRRRRRRR:mad:


shell game!
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Doesn't ordinary JOE citizen get to spend time in jail for this? Amazing the law seems to only effect the small. Hope they get brought up on charges!

GL in trading
 
anidoc said:
Well, I know a better word for this !%@#, but all I will say here is GRRRRRRR:mad:


shell game!
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This lets you know the extent of the corruption in the financial world, including the Fed. The Fed is accepting junk from Lehman as collateral, which was repackaged and rated "investment grade" by S&P and Moody's. What an all-around sham for the US taxpayer!
 
anidoc said:
shell game!
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Yep.

Can you imagine if I tried to do that?
Pakage something that is worth nothing, call it "investment grade", sell it, take the money, go borrow more. My God- I'd be in jail in minutes.


The rich get richer.

The rest of us get screwed.

Again.

Can't wait until January 21, 2009.
 
anidoc said:
And the new proposed rules put the FED in charge of everything...no more SEC..etc.......See what we have to look forward to! GRRRRRRRRRR!!!!:mad::eek:

I'm neither Democrat nor Republican at this point. 10 more months of GOP and their business and industry buddies making hay while the sun shines. I'm vainly hoping for a dark horse independent candidate to ride in and save the day. For the sake of my retirement, and for future generations, I hope McCain fails and I will vote against him. I like him, but 4 more years of the current philosophy will do irreparable damage and the US will be at the level of third world countries in every way.
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anidoc, let me give you a short bio. My father who was known on this board as wht00ss in effect gave his life for his country because there was nothing he wouldn't do to make things better. He receive the silver star, bronze star and purple heart before his recent passing away and was buried with full military honors at Arlington Cemetery and he met and knew John McCain and they both had a mutual respect for each other.

My father told me very little about the wars he was in that being the end of WWII, Korean war, and the Vietnam war. He told me if you weren't there you simply can't explain the brotherhood that soldiers experience. The only specific experience he relayed to me was when his best friend was around 50 yards away on a hilltop in Korea and one minute he was there and the next nothing left after literally being directly hit by a mortar - this he said with tears in his eyes 50 years later. That's what he had to learn to live with which I personally am not sure I could do.

After he retired he was fortunate enough to make a significant amount of money in the stock market as a stockbroker and trading for himself but he always gave back. He did't have to work another day in his life but he started his own animal shelter zoned it out and currently has 52 animals. Closest to his heart were his ChowChows but he took in all animals and gave them equal love. Last year we spent 1.2m with on our operations and other less fortunate shelters that don't put the animals to sleep. This couldn't have been done without the selfless acts from vets who donated their time down to the care givers/ dog walkers which kept overhead costs to 8% - I have taken over the overall duties and responsibilties and am a corporate lawyer by trade ( yes I know all the jokes :D) but it has always been my goal to carry out my father's wishes.

My mother who is 77 years old CSRS is in the process of retiring. She has been a lawyer and judge for SSA and I finally convinced her especially after this TSP fiasco to retire. If their is anyone who deserves it, it is she.

That aside I find your take on McCain to be not only naive but meaningless no offense. To equate McCain to the drunken spendings of the republics (George Bush which I find ridiculous) is ludicrous at best and the alternatives which by exception you find more appealing - I hope you enjoy the fact that you will have about 20% less take home pay if Obama of Hillary get in. Do you actually thing spending habits will improve?? I think not.

What's most naive is to equate George Bush to McCain and to equate their policies. McCain is his own man who spent 6 years in a hole being tortured and when the North Vietnamese found out who his father was they were going to let him go but he would not leave without the release of the other prisoners. That say a lot for character and in my opinion the ability to make good decisions under pressure. There is never a guarantee but I admire a man of principle and character.

This might be a little off topic but perhaps a different perspective is not always a bad thing.

By the way, good luck with TSP :) Hopefully 20% by year end.

Craig
 
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