350zCommtech's Account Talk

[fedgolfer]

... transparency should go further than Level III assests and further than financial institutions... what about Fed and Treasury transparency... who really benefits from raising the debt ceiling and printing more dollars... some entity has to be gaining from this debt creation.

I imagine these numbers have changed greatly over the past couple months -- from About.com:
Of the total foreign holdings, Japan owns 24% and China owns 20%. The U.K., Brazil and the oil exporting countries own about 6% each. The Bureau of International Settlements suspects that much of the holdings by Belgium, Caribbean Banking Centers and Luxembourg (8%) are fronts for various oil-exporting countries or hedge funds that do not wish to be identified. (Source: Google Spreadsheet, Foreign Holding of U.S. Treasury Securities)

I have a feeling those unidentified parties are LOVING this... as taxpayers, we should know who they are!!!!!!!!!!!!!

 

[350zCommTech]

Hmmm... SDS is looking tempting...

 

[350zCommTech]

Hmmm... SDS is looking tempting...

Picked some up at 68.21. Will get rid of it quickly.


Moved stop to 68.45 to guarantee beer money.

 

[350zCommTech]

Picked some up at 68.21. Will get rid of it quickly.


Moved stop to 68.45 to guarantee beer money.

Got stopped out. Good beer money.


Might try again, but I got to go to work soon.

 

[fabijo]

Here is a thought:

Big sell off on Friday to scare congress and the public. Monday morning before the bell, CNBC announce that the bailout deal has been struck. Markets shoot to the moon.

Definitely a good chance that will play out.

 

[love-to-bike]

Definitely a good chance that will play out.

of course many of us don't have any IFTs left to participate....

 

[350zCommTech]

Bush is talking tonight. Lookout below!

 

[presskh]

Bush is talking tonight. Lookout below!

I can't believe they're actually letting him talk - it's hard enough to understand Paulson's stammering and he actually knows something about what's going on!

 

[fabijo]

Bush is talking tonight. Lookout below!

oh great. I should have waited till tomorrow for my IFT into the C Fund.

 

[350zCommTech]

I can't believe they're actually letting him talk - it's hard enough to understand Paulson's stammering and he actually knows something about what's going on!

Yeah, they need to keep him locked up in the basement until the deal has been reached.

 

[fedgolfer]

Yeah, they need to keep him locked up in the basement until the deal has been reached.

Don't forget to tell Zed to bring out the gimp.

 

[Steadygain]

Bush is talking tonight. Lookout below!

He has no choice :notrust:

The NEWS is out: 'Economy is on the brink of destruction' and what most thought would be a swift decision has turned into a Congressional Game that is dragging on and on.

Of course Congress has to project a stand from the "General population" - a game I had not anticapated.

But Top Officials have made it clear "We have to act now".

Bush has NO CHOICE - He has to step up to PRESS the URGENCY of clearing the $700 Billion package and equally assuring the public it is in their best interest so EVERYONE IS HAPPY.

 

[Birchtree]

Bush #2 will go down in history as a great president with many of his policies intact for the next four years - an excellent way to start 2009. I personally have had no problems with policy for the last eight years - no change is needed.

 

[350zCommTech]

Put in a small SDS order at $68.20.

 

[presskh]

Bush #2 will go down in history as a great president with many of his policies intact for the next four years - an excellent way to start 2009. I personally have had no problems with policy for the last eight years - no change is needed.

I think he will go down as the one who threw tankers of fuel on a financial crisis that has been brewing in this country for at least 25 years. The combination of out-of-control domestic spending, tax cuts, and war costs have quickly eroded this country's financial position in the world (not to mention political position). In my estimation, he is the worst president in at least my lifetime (going back to Eisenhower) - I say this and, sadly, I voted for him twice, but only as the "lesser of two evils".

 

[Steadygain]

Bush #2 will go down in history as a great president with many of his policies intact for the next four years - an excellent way to start 2009. I personally have had no problems with policy for the last eight years - no change is needed.

I laughed so hard (and loud) they heard me down the hall.

Birch, I honestly believe you mean this - so I would be the last to take off your "Rosy Glasses" - and we're at the finish line anyway.

If you'd ever want to acknowledge many of the vast and varried huge mistakes that have occured over the present administration please keep me in mind. I promise I'll simply share the details of numerous events, policies, and interactions that have occured -which in its entirety is not only embarrassing; it's utterly shameful and largely criminal.

But you are certainly entitled to your opinion and we'll leave it there.

 

[Frixxxx]

..... In my estimation, he is the worst president in at least my lifetime (going back to Eisenhower) - I say this and, sadly, I voted for him twice, but only as the "lesser of two evils".

I never understood this statement. Are you saying that now you would have voted for the greater of two evils?:suspicious:

 

[presskh]

I never understood this statement. Are you saying that now you would have voted for the greater of two evils?:suspicious:

I didn't like either candidate in either 2000 or 2004. I considered Bush the better of two poor choices in both elections.

 

[Frixxxx]

I didn't like either candidate in either 2000 or 2004. I considered Bush the better of two poor choices in both elections.

I agree, but I voted for Bush because I thought that he would instill/maintain the conservative, republican values into the system that I hold to be ny values. I know it is a long shot when dealing with politicians. But that said, I know that it has been an impossibility since he became a lame duck two years ago.

Public service should be just that. Serve the public.

Sorry 350Z,

I'll get off the soapbox in your house now!

 

[sdouglas3]

The Birk Economic Recovery Plan


Hi Pals,

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to=2 0Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - it'll be there

Save in a bank - create money to loan to entrepreneurs.

Buy a new car - create jobs

Invest in the market - capital drives growth

Pay for your parent's medical insurance - health care improves

Enable Deadbeat Dads/Moms to come clean - or else

Remember this is for every adult U S Citizen 18+ including the folks

who lost their jobs at Lehman Brothers and every other company

that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out

a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG - liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean itself up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work."

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because
$25.5 Billion is returned

instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic



PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!