350zCommtech's Account Talk

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I blame the Clinton administration affirmative action lending policies for the demise of CFC - at least I didn't buy into that one. Donkeys were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed - you can easily blame Bernanke for this endeavor. We cannot let our minority friends drown in their oversized pools. This plan needs to pass to save their skinny butts.
 
This section allows the treasury to buy toxic assets from foreign banks. This bill must not pass.:mad:

$700 Billion American Taxpayer Dollars to go to Foreigners!
{New Video coming}
9/30/2008

That's correct, Brad Sherman (D-CA) was on Kudlow and explained to the world that the $700 Billion wasn't meant for the US, it was meant for foreign aid.

Are you on the phones to your congressmen yet??? More will be coming shortly; just remember, use House.Gov and Senate.Gov to find your Congressmen and Senators...
"Paulson and Bush threatened to veto the legislation if there was an explicit prohibition of transfers from foreign banks to an American subsidiary."
​
THE ASSETS DO NOT EVEN HAVE TO BE AMERICAN MORTGAGE ASSETS - THEY CAN BE AN OFFICE TOWER IN SHANGHAI!

YOU ARE GOING TO GET FLEECED FOR HUNDREDS OF BILLIONS OF DOLLARS IF THIS BILL PASSES - THAT MONEY IS GOING TO GO IMMEDIATELY OUT OF THE COUNTRY!

SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS.
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.


http://www.fedupusa.org/​
Click to expand...
 
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This section allows the treasury to buy toxic assets from foreign banks. This bill must not pass.:mad:

$700 Billion American Taxpayer Dollars to go to Foreigners!

Must watch this video.



9/30/2008

That's correct, Brad Sherman (D-CA) was on Kudlow and explained to the world that the $700 Billion wasn't meant for the US, it was meant for foreign aid.

Are you on the phones to your congressmen yet??? More will be coming shortly; just remember, use House.Gov and Senate.Gov to find your Congressmen and Senators...
"Paulson and Bush threatened to veto the legislation if there was an explicit prohibition of transfers from foreign banks to an American subsidiary."
​
THE ASSETS DO NOT EVEN HAVE TO BE AMERICAN MORTGAGE ASSETS - THEY CAN BE AN OFFICE TOWER IN SHANGHAI!

YOU ARE GOING TO GET FLEECED FOR HUNDREDS OF BILLIONS OF DOLLARS IF THIS BILL PASSES - THAT MONEY IS GOING TO GO IMMEDIATELY OUT OF THE COUNTRY!

SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS.
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bailout.html
​
Click to expand...
 
Birchtree said:
I blame the Clinton administration affirmative action lending policies for the demise of CFC - at least I didn't buy into that one. Donkeys were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed - you can easily blame Bernanke for this endeavor. We cannot let our minority friends drown in their oversized pools. This plan needs to pass to save their skinny butts.
Click to expand...

Affirmative Action Lending Policy (HUD) Freddie & Fannie are the direct reason for this crash in housing.

Scam #1. Illegal Allien from Brazil get a Mortage for $225,000 on a home. Then it was flipped for $325,000 to a family member within 1 month. (Net Gain $100,000 on original loan. Then 2nd party sells home for $395,000 for a net gain of $70,000 to last family member and they all leave the United States back to Brazil on 1 Home with a net gain of $170,000 and used false information and documentation to obtain these Mortages ....Same Family......Illegal Aliens yet somehow pulled this off. How many others have done the same and played the system.

Scam #2. Man given a Mortage of $425,000 has no job, lived in this house for 18 months and even stated how easy it was. So easy the home he bought was for $380,000 so they gave him $45,000 to live rent free with no income and he left the property behind saying "HE WAS THE VICTIM".

Folks we are paying for all this bull shi* because these lenders with friends of Obama, Frank, Dodd got a free ride and no one cared. "ACORN --If you don’t know what ACORN (the Association of Community Organizations for Reform Now) is all about, you better bone up. This left-wing group takes in 40 percent of its revenues from American taxpayers — you and me — and has leveraged nearly four decades of government subsidies to fund affiliates that promote the welfare state and undermine capitalism and self-reliance, some of which have been implicated in perpetuating illegal immigration and encouraging voter fraud. A new whistleblower report from the Consumer Rights League documents how Chicago-based ACORN has commingled public tax dollars with political projects.

Anyone notice who was protesting on Wall Street - Do they even pay Taxes or Work. I read signs and there were plenty that did not even have correct spelling. To me and basically I don't care what is politically correct it was a large group of free loaders. The same folks collecting SSI and don't even know what a 401K is but it was a show for attention. Did they arrive on a bus or were they walking down Wall Street. We are a Welfare Nation and it will get worse if real workers lose their jobs.
 
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Morning Updates​

This is where I always begin the day to get a handle on what's happening.​

Braveheart, 5Tears, Birch, and all the others contributing to 350z's Home. ​

Thank you !! ​

To me this is more the NEWS that Counts. Where is started; who's behind it, and what's really going on...​

As for the Bill (or Deal as I call it) being passed. It's beyond everyone here - expect it to pass and just accept the fact it's going to happen.​
 
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This sell off is looking weak to me. Thinking about picking up some SSO.

I'm also thinking about going 100% I fund for tomorrow. The Senate will pass the bill tonight, unfortunately. This will cause the dollar to fall overall. The house will vote on it again on Friday, I think. If the house passes the bill, we'll probably see a sell the news. If the house does not pass the bill, the markets will sell off.

I'm thinking about a quick, one day play, but it also looks like we might have seen the bottom for the short term. I hate to use up my IFTs in first two days of Oct.
 
Braveheart said:
We are a Welfare Nation and it will get worse if real workers lose their jobs.
Click to expand...

My thoughts on liberalism/socialism is that the liberals/socialists need the capitalists in order to have someone to tax. Even total socialism has to have the capitalist component in order to exist. Somebody has to do the work/produce the goods, right? :confused:
 
I jumped all in the "I" with what seems to be about half our TSPTalk population.

350z... any chance Trichet will surprise tomorrow? -- that might kinda suck for "I" fund, huh?
 
Minnow said:
I jumped all in the "I" with what seems to be about half our TSPTalk population.

350z... any chance Trichet will surprise tomorrow? -- that might kinda suck for "I" fund, huh?
Click to expand...

The only thing that worries me now is the FV. Every time I jump into the I fund, I always get nailed. It never fails. You would think I'd learn by now...:D
 
350zCommTech said:
The only thing that worries me now is the FV. Every time I jump into the I fund, I always get nailed. It never fails. You would think I'd learn by now...:D
Click to expand...
Hey 350,
I was hoping the FV maybe hit yesterday (see Show-me's comment on the I-thread).
Didn't I read that a theory was floated that the FV hits every 3rd day or so? - Or was that something else floating? :nuts:

(sorry for Show-me, but you're still fighting!! ;))
 
Corepuncher said:
Just a thought here.

http://www.tsptalk.com/tracker/tsp_user_balance_all.php

Scroll down to the bottom of the tracker, and note where the bottom returns are allocated.
Click to expand...

well... I jumped in for tomorrow and I noticed you jumped in C and S ... we both seem to agree that tomorrow is playable -- we're just picking our poison, right? :D you didn't get to the top of the leaderboard by being in G the whole time. you picked your spots. ... btw I enjoy your posts tremendously
 
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