350Z's I fund thread NOV 07

Status
Not open for further replies.
Sort by newest Sort by date
Happy Thanksgiving.

My take- the foreign markets will take a breather for a day or two, because New York will be closed tomorrow- and because they are WAY oversold right now- BUT......

The P&F charts predicions are now showing a lot of blood red in the days ahead.

Take a look at the P&F Chart School Thread down in Techincal Analisys, P&F Chart School I have been writing.

If nothing else, it makes for interesting reading about what the smoke signals are saying.
 
And by the way- I lived throught the market crash of 87, it was hard, but it was over with relatively quickly.

and I lived the Savings and Loan scandals,
http://en.wikipedia.org/wiki/Savings_and_Loan_crisis

and I think the current Adjustable Rate Loan/Sub-Prime mess is going to be a LOT worse than either one of those setbacks, although it's going to be a slower, more drawn out death.

The savings and load crisis involved about $150 BILLION.

The current adjustable rate/sub-prime mess is estimated to be somewhere over 1.3 TRILLION dollars.
http://en.wikipedia.org/wiki/2007_Subprime_mortgage_financial_crisis


Sub-prime is going to take AT LEAST a YEAR to work it's way through all of the losses ahead.

God only knows what we'll have when it is all over.

According to Wikipedia:
The value of U.S. subprime mortgages was estimated at $1.3 trillion as of March 2007,[9] with over 7.5 million first-lien subprime mortgages outstanding.[10]

Approximately 16% of subprime loans with adjustable rate mortgages (ARM) are 90-days into default or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005.[11]

A total of nearly 447,000 U.S. homes were targeted by some sort of foreclosure activity from July to September 2007, including those with prime, alt-A and subprime loans. This is nearly double the 223,000 properties in the year-ago period and 34% higher than the 333,000 in the prior quarter.[12]

The estimated value of subprime adjustable-rate mortages (ARM) resetting at higher interest rates is U.S. $400 billion for 2007 and $500 billion for 2008. Reset activity is expected to increase to a monthly peak in March 2008 of nearly $100 billion, before declining.[13] An average of 450,000 subprime ARM are scheduled to undergo their first rate increase each quarter in 2008.[14]
Click to expand...
 
Last edited:
avatar357_21.gif
Time to call Superbeet:)
 
http://www.washingtonpost.com/wp-dyn/content/article/2007/11/19/AR2007111901636.html We are cooked!!! http://www.govexec.com/story_page.cfm?articleid=38616&dcn=todays_most_popular .. http://www.fedsmith.com/articles/articles.showarticle.db.php?intArticleID=1428 The TSP organization is going to consider mailing a letter to the several thousand people who are frequent traders and urging them to refrain from frequent trading or face being restricted to requesting interfund transfers through the Postal Service until new, automated curbs take effect.
 
12%- we have a thread just dedicated to this very issue.

And we are going to fight back. It is only a proposal at this point, from an advisor to the TSP board, and they will have to do a CFR regulation change in order to do it. We are all talking about ways to fight back now-

Call the TSP THRIFT LINE, and complain.

Call your Congressman, and two U.S. Senators, and ask them to stop it.

Call Andrew Saul's campaing office (*He is the head of the TSP board, and is also running for Congress in New York- at least he was until this fiasco came out, and he withdrew yesterday, from what I understand.)

More info over in the TSP NEWS thread.

Go there and learn more.

We are not going to take this laying down. We are going to fight back.

O-R-G-A-N-I-Z-E!
 
James48843 said:
Call Andrew Saul's campaing office (*He is the head of the TSP board, and is also running for Congress in New York- at least he was until this fiasco came out, and he withdrew yesterday, from what I understand.)

!
Click to expand...

Coincidence?? The guy was already being questioned about favors he delivered while on the Municipal Transit Board in NYC, to developers (one who was partnered with Morgan Stanley, I believe). Doesn't Morgan Stanley have something to do with the I fund? Ok, I'm big on conspiricy theories with this particular Administration as I've already taken part in an investigation, at work, of an A-76 Contractor that resulted in their ultimate dismissal, but discovery along the way showed graft, corruption and a disregard for employee safety by the Contractor.
 
kam said:
Coincidence?? The guy was already being questioned about favors he delivered while on the Municipal Transit Board in NYC, to developers (one who was partnered with Morgan Stanley, I believe). Doesn't Morgan Stanley have something to do with the I fund? Ok, I'm big on conspiricy theories with this particular Administration as I've already taken part in an investigation, at work, of an A-76 Contractor that resulted in their ultimate dismissal, but discovery along the way showed graft, corruption and a disregard for employee safety by the Contractor.
Click to expand...

On the topic of developers, was this guy chairman when that REIT proposal to the tsp was being proposed? Considering his relationship with developers, I'm wondering if he was involved with that too. That would be very interesting.
 
Ethics quiz!:

Mr. Saul is [edit: was] a Republican candidate(he is or was recently running for a US Rep seat in New York).
Is he a civil servant?
I thought civil servants could only be a non partisan candidate.
Am I correct?

You would think he would be as non partisan as the people he serves.
 
Talltimber said:
Ethics quiz!:

Mr. Saul is [edit: was] a Republican candidate(he is or was recently running for a US Rep seat in New York).
Is he a civil servant?
I thought civil servants could only be a non partisan candidate.
Am I correct?

You would think he would be as non partisan as the people he serves.
Click to expand...

Actually, Saul has been pretty non-partisan in the past dealing with TSP matters. I have NO IDEA who got to him, or why now...other than to say it sounds to me (again, with the conspiricy theories) that the Heritage Foundation buddies are strolling around trying to find things they can screw with before they leave power....


Saul is a political appointee of Bush, as are other members of the current TSP Board.

As political appointees, they may in fact be subject to the Hatch Act- which would make it a crime to run for office, now wouldn't it? particularly if being Chairman is an official position-

You DO bring up an interesting question regarding the Hatch act, and Mr. Saul's exact position. We'll have to do some more research on that......

Soliciting funds for political candidates is a violation, as is running for Congress, for nearly ALL federal employees. And he has raised a fair amount of cash for his run- something over $700,000, as I do recall.

This could get very interesting.

Anybody here work for the Office of Special Counsel?

http://www.osc.gov/hatchact.htm
 
Last edited:
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Source: http://www.opensecrets.org[/FONT][/FONT]


NEW YORK 19th:

[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Andrew Marshall Saul (R) [/FONT]

[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Raised: [/FONT][FONT=Arial, Helvetica]$782,060 [/FONT][/FONT]
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Spent:[/FONT][FONT=Arial, Helvetica] $330,023 [/FONT][/FONT]
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Cash on hand: [/FONT][FONT=Arial, Helvetica]$452,036 [/FONT][/FONT]

[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Last Report: [/FONT][FONT=Arial, Helvetica]9/30/2007 [/FONT]
spacer.gif
[/FONT]


[FONT=Arial, Helvetica][FONT=Arial, Helvetica]PACs:[/FONT][FONT=Arial, Helvetica]$0[/FONT][FONT=Arial, Helvetica]-[/FONT][/FONT]
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Individuals:[/FONT][FONT=Arial, Helvetica]$681,738[/FONT][FONT=Arial, Helvetica](87%)[/FONT][/FONT]
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Candidate:[/FONT][FONT=Arial, Helvetica]$100,000[/FONT][FONT=Arial, Helvetica](13%)[/FONT][/FONT]
[FONT=Arial, Helvetica][FONT=Arial, Helvetica]Other:[/FONT][FONT=Arial, Helvetica]$322[/FONT][FONT=Arial, Helvetica](0%)[/FONT]
[/FONT][/FONT]
 
I don't know if Mr Saul is running the ship at TSP, he just is sitting in the highest chair and gets to wear the fancy hat.
 
DING DING DING:
http://www.swingstateproject.com/showDiary.do?diaryId=1099
NY-19: The gall! The unmitigated gall! How could a Democrat ever dare to represent Westchester! Why, such things just aren't done! Well, of course they are (after all, a Dem represents the 18th), but so said the NY GOP after 2006. So they set their sites on Rep. John Hall and rallied around uber-rich self-funder Andrew Saul. Only problem: After months of gangbusters fundraising, it turns out Saul's up to his ears in ethics violations - and now out of the race. A Republican engaging in corruption? Why, such things just aren't done!
Click to expand...
I wonder how deep the issue runs through the TSP board and staff. Mr Saul may just be a token sacrifice to attempt to satisfy the hunger of die hard capitalists pigs. I for one like rooting aboot, a truffle may turn up.
 
James48843 said:
12%- we have a thread just dedicated to this very issue.

And we are going to fight back. It is only a proposal at this point, from an advisor to the TSP board, and they will have to do a CFR regulation change in order to do it. We are all talking about ways to fight back now-

Call the TSP THRIFT LINE, and complain.

Call your Congressman, and two U.S. Senators, and ask them to stop it.

Call Andrew Saul's campaing office (*He is the head of the TSP board, and is also running for Congress in New York- at least he was until this fiasco came out, and he withdrew yesterday, from what I understand.)

More info over in the TSP NEWS thread.

Go there and learn more.

We are not going to take this laying down. We are going to fight back.

O-R-G-A-N-I-Z-E!
Click to expand...
ot..last post about this....James, it will pass. I also e-mailed them and informed others. However; TSP can give two flying you know what. They are hard to crack. Just get used to making 2 transfers a month. Which means 24 tranfers a year and 48 tranfers including the G Fund. Alos, I bet they will either have a automatic build-in each account to avoid us making more tranfers. They suck.
 
To all of you good people in this website:

HAPPY THANKSGIVING!!

On a very serious note, I am convinced that we are on the right track and that we should be able to overturn any preliminary administrative decision to control daily trades. Provided, that a concerted and intensive effort is maintained. The procedures for approval and implementation of a Federal Regulation have already been explained here. There is still time to overturn and reach a favorable alternative to a total ban on daily IFTs. Raise Hell Guys, TIME and the LAW are on our side!:)
 
Status
Not open for further replies.

Similar threads

TommyIV
Sole Top-50 Member Moving into the G-Fund Today
Replies
0
Views
205
TommyIV
TommyIV
A
L fund unit price
Replies
1
Views
244
tsptalk
tsptalk
tsptalk
I-Fund benchmark index change is complete
Replies
19
Views
1K
exnavyew
exnavyew
tsptalk
The I-Fund 2025
Replies
3
Views
502
tsptalk
tsptalk
NewsFeeder
Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says
Replies
0
Views
296
NewsFeeder
NewsFeeder
Back
Top