nnuut
Moderator | TSP Legend
the truth? you want the truth?
you can't handle the truth!!! :nuts:
View attachment 5521
and, apparently the man-of-truth
can't decide on a hair-style either.
View attachment 5522
:d
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Show-me Account Talk
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:d
KevinD
Well-known member
If you can prove that to be the case, it seams to me that they could be charged with a crime. :notrust:
Show-me
Well-known member
No crime being prosecuted against the folks that took out loans on houses they could not afford or the lenders who lent to folks who they knew could not afford them. It can be proved only it has not been because it is a enormous event.
Now the lenders have learned a lesson because it all came down like a house of cards. Now the lenders are much more cautious in lending and the gov. is trying to force the lenders to lend to people with weak credit again. This is what got us here because the gov. told the banks to lend to low income folks so that they could feel like they have ownership in something. Then the gov. ordered Frannie and Freddy to buy those loans from the banks so that the banks could free up their balance sheets and lend out more money to folks with low or bad credit. The banks did not care because Fred and Fan was immediately buying these bad loans and the banks were making their money on fee's.
No one will get prosecuted because everyone was in on it from the top down. Going back to those lending practices would be stupid, "forcing banks to lend" when the banks know the loan will likely go into default is like beating your head against a brick wall until you are dead.
Warrenlm
Well-known member
Virtually every person whose greed and unethical practices have brought their nation to its knees will not receive even the threat of investigation or prosecution. Would that federal prosecutors would charge thousands and thereby change their lives forever. Would that drug confiscation laws apply to the Hamptons. Would that some be sent to Saudi Arabia for different legal sanctions. But it won't happen.
350zCommTech
Well-known member
Showme,
I have buy orders in for SRS @ 50 and FAZ @ 34. I don't expect FAZ to get filled, but what the heck.
I have buy orders in for SRS @ 50 and FAZ @ 34. I don't expect FAZ to get filled, but what the heck.
Show-me
Well-known member
Showme,
I have buy orders in for SRS @ 50 and FAZ @ 34. I don't expect FAZ to get filled, but what the heck.
I'm getting ready to dump my FAZ at 60 and double down at a lower bid.
Show-me
Well-known member
Looks tasty.
350zCommTech
Well-known member
It feels like they want to push this market up and end the month on a good note. Bad economic news be damned. IF futures hold here, looks like 875 might be the next resistance. The 50 and 20dma are just a tad below that. I smell a sucker's rally.
FAZ was 32.5 back on the 6th. My 34 is kind off a stink bid. If they rally on GDP, it might get there.
350zCommTech
Well-known member
Changing subjects.
I've been thinking about what Ben is going to say tomorrow. He's already used the "I'm going to buy treasuries to keep mortgages low", and the market has already called BS on that.
Perhaps more info on good bank/bank idea? Bond yields tanking today makes no sense to me, except the technical part. But, why drop so much ahead of the Fed? People expecting him to tell the truth about the economy?
Show-me
Well-known member
I hate earnings week! Looks like we can run up a bit here on the charts. S&P could go to 870 to 900. FAZ could run down and FAS could run way up. I am dumping my FAZ and flipping it for FAS. I have a order for UCO on the cheap, below $9.
FAS is at $9 and could go to $15 or $20.
TSP is still dollar cost averaging into the nightmare with principle in the G fund.
Good luck!
FAS is at $9 and could go to $15 or $20.
TSP is still dollar cost averaging into the nightmare with principle in the G fund.
Good luck!
350zCommTech
Well-known member
I don't think so. I can see a gap up then drop today, but it'll probably end the day up big. KD at marketticker thinks this bad bank idea could keep this market going up for a while. Our .gov seems to be hell bent on bailing out Wall St.
I need to cancel my SRS order. 50 might get hit today. I'm at work so I can't do it during trading hours, chit!
350zCommTech
Well-known member
I should also add that bond yields are not making a lot of sense this morning. If this band bank idea is such as good bailout for Wall ST, shouldn't money flow out of bonds? Bonds are flat at the moment.
Gumby
Active member
350zCommTech
Well-known member
Cool. My SRS got filled at 50. Will put a stop at 48. This market might rally for another week or more.
My FAZ 30 bid is still out there.
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