I Have A Hard Time Believing. Can Someone Explain?

[wv-girl]

But don't you realize they are robbing for a good cause - do you want riots again. They are trying to save the minority at risk homeowner - where's your neighborly compassion. The Huxtables are living down the street in the McMansion on the corner. They may torch the home if it goes to foreclosure and the fire will spread.

Wonder just how much more the protestors in NY will take before violence overcomes them? From the looks of the videos, not much. They were pretty ticked off.

 

[Miss_Piggy]

I have a hard time believing and understanding how if we as taxpayers provide our monies to save a few but gigantic institutions (rich, greedy and probably criminal) will benefit and will suffer individually (in our own pockets) if we don’t.

Can anyone help me understand? I'd appreciate any details in simple language.

Thanks everyone!

 

[Show-me]

Miss Piggy,

I hope you did get a some what competent answer you were looking for.

 

[Birchtree]

I like the security my friend - it's the security. Now that I have it they won't take it back. Heck, that is not the only card I have. The world revolves on credit especially when it comes to your credit score - one needs a demonstrated history over years to show how responsible financial management works. I sat on one card one time for four years waiting on them to reduce their interest rates and when they did I sent the money to Merrill to buy beaten up stocks. We all have our particular vices - mine is owning as many stocks for my base as possible. Yesterday I paid a price for my binging and today I recouped some of that deficit. The next move in the mega trend secular bull market will take me to new endearing heights - I can almost smell the superlative bull manure. This housing correction will clear the air for the beginning stages of the next prolific bubble - I just don't know where that will be yet - but I'm constantly on vigilance.

 

[ChemEng]

I sat on one card one time for four years waiting on them to reduce their interest rates and when they did I sent the money to Merrill to buy beaten up stocks.

Doesn't that count as a cash advance? I agree there are arbitrage opportunities available with credit cards, but they are extremely rare these days.

 

[350zCommTech]

But don't you realize they are robbing for a good cause - do you want riots again. They are trying to save the minority at risk homeowner - where's your neighborly compassion. The Huxtables are living down the street in the McMansion on the corner. They may torch the home if it goes to foreclosure and the fire will spread.

Birchtree,

What do you call what happened to you yesterday in the market? What about the raping that you took on FNM/FRE? Or was that consensual?:laugh:

Hank Paulson stated a month or two ago that FNM/FRE were well capitalized and didn't need any assistance. You were obviously lied to. But you were blinded by your own bull-**** and thus, failed to cut your loses.

How about WB? Or AIG? Or your TSP YTD?

And why do you keep posting garbage? Don't you have anything intellectual to contribute?

I should stop here. This is too much fun....:laugh::laugh::laugh:


I'm sorry Mss. piggy. I'm done here.

 

[Birchtree]

Z man,

Sometimes for added excitement I like to speculate - it's not always serious investing. Besides I can actually use the mistakes for tax write offs against other profits that were made earlier. My ytd on my tugboat will eventually rise like the phoenix and life will be fine - the longer it takes the better for me - my objective has always been to accumlate as many shares as possible while I'm fortunate enough to make contributions - capital preservation has never been my game and will continue to be a secondary objective. I'm fortunate in that I have the past to remind me of the potential that is waiting. Our present circumstances will be fleeting in relation to the future and the immense potential for those that have the correct discipline. Be right and sit tight. It's simply not always about making money - there are other important strategies and these you will learn as you gain in maturity and experience.

 

[ChemEng]

Sometimes for added excitement I like to speculate - it's not always serious investing. Besides I can actually use the mistakes for tax write offs against other profits that were made earlier. My ytd on my tugboat will eventually rise like the phoenix and life will be fine - the longer it takes the better for me - my objective has always been to accumlate as many shares as possible while I'm fortunate enough to make contributions - capital preservation has never been my game and will continue to be a secondary objective. I'm fortunate in that I have the past to remind me of the potential that is waiting. Our present circumstances will be fleeting in relation to the future and the immense potential for those that have the correct discipline.

Everything you say here also applies to betting on 00 in the roulette wheel in casinos everyweek.

 

[Birchtree]

Roulette happens to be the only casino game I like - I don't like to be rushed when I'm slowly getting intoxicated.

Chem,
I forgot to answer your credit card question. I used the money as a balance transfer to pay on another card that was used to send the money to Merrill. You can be flexible when you have several cards to jockey funds around with - totally legal.

 

[McDuck]

I have a hard time believing and understanding how if we as taxpayers provide our monies to save a few but gigantic institutions (rich, greedy and probably criminal) will benefit and will suffer individually (in our own pockets) if we don’t.

Can anyone help me understand? I'd appreciate any details in simple language.

 

[Show-me]

Very good video Greg. Some times it take a while for the truth to come out and the time line is long in this event. Carters heart was in the right place and the idea was nice, just not feasible. Clinton and the Dems did us in and Obamas cashed in.

 

[XL-entLady]

But don't you realize they are robbing for a good cause - do you want riots again. They are trying to save the minority at risk homeowner - where's your neighborly compassion. The Huxtables are living down the street in the McMansion on the corner. They may torch the home if it goes to foreclosure and the fire will spread.

Oh .... dear ....! Some statements are beginning to sound way to "white supremacist" for me. C'mon, we should be better than that!! :worried:

Lady

 

[Silverbird]

Sorry dude, not where I live.

Not where I live, either, the McMansion folks are not poor, they are VERY unhappy WHITE middle class. They already went to Lowes to buy pitchforks (they don't have backyards, who wants to garden?) and are asking the salesclerk for torches so they can pile into SUVs and drive up to Washington stop this bill. The housing bubble kept our neighborhood very white, it wasn't the Huxtables buying those McMansions!

Actually the housing bubble pop is causing change now. The house prices rose too fast for anyone poor to buy during the bubble. Don't believe for a second these liar loans were for welfare deadbeats, they weren't worth clearing good land for.

Riots are already happening, the mob is already in town, and houses are already getting torched by people hoping that they can pretend they lost their houses to a fire and they can ding their insurance companies for the bill. Yes, there is a mob, but they are AGAINST this BILL.

 

[XL-entLady]

Riots are already happening, the mob is already in town...

And the Senate is readying the bread and circuses. History repeating itself.

Lady

 

[Guest2]

And the Senate is readying the bread and circuses. History repeating itself.

Lady

Unlike the hurried Congress, the Senate will not attempt a vote unless
they are absolutely certain about having enough votes to get it passed.
Tomorrow will truly be interesting and hopefully profitable.