The Fed pricks so bubbles pop
Makes us cry
Low rates sure made the housing prices fly
And when the Fed starts a baby step prance
Man, we haven't got a chance
We call them
Bubbles pop, bubbles pop
Oh bubbles, bubbles, bubbles
Bubbles pop, bubbles pop...
Assets rise as if by magic
Exotic mortgages, subprime
If we had a choice
The Fed wouldn't prick
But bubbles pop, it's time
Arbogast, you must be thinking of another group, the Everly's had a great career; e.g., (from Wikipedia at The Everly Brothers - Wikipedia, the free encyclopedia ), "The Everly Brothers have had a total of 26 Billboard Top 40 singles. In 1986, they were among the first 10 artists inducted into the Rock and Roll Hall of Fame. In 1997, they were awarded the Grammy Lifetime Achievement Award. In addition, they were inducted into the Country Music Hall of Fame in 2001 and the Vocal Group Hall of Fame in 2004.[7] Their pioneering contribution to the genre has been recognized by the Rockabilly Hall of Fame. The Everly Brothers have a star on the Hollywood Walk of Fame at 7000 Hollywood Blvd. In 2004, Rolling Stone Magazine ranked The Everly Brothers[8] #33 on their list of the 100 Greatest Artists of All Time [9]. They are also #43 on the list of UK Best selling singles artists of all time."
It is true though that their service in midstream as US Marines forced a career restart; by which you can guess that I agree with you (and Heraclitus) also, that you can't step in the same river twice.
Totally off-topic, but Rob at Exurbannation suggested I ask here:
Many banks use a form of banking known as "relationship banking" where one contact person handles all of your banking needs. Whomever handles your account can set you up with checking, savings, CDs, IRAs, home and auto loans, etc... My understanding is that it's designed to make the bank more personable and friendly.
Is there a specific or recognized term for the antithesis of this system, where one person at the bank handles loans, and if you need a checking account, you can't talk to them and have to talk to someone else?
One of our local banks is under new ownership and switched from relationship banking to the more bureaucratic style of banking, where everyone is responsible for different things instead of the general well-being of the bank and customers as a whole, and as a result, you can't go in and talk to Mrs. Smith about your checking account anymore because it's not her department.
segfault: it's called "product line management." Or at least it was back in the 90s when I remember it being quite popular. Everybody loved the "personal banking" thing, but everybody also hated the kind of mortgage loans that got made by people who were trained to sell CDs. And no one would let the mortgage people handle deposits--loan officers around unsecured cash? Are you nuts?--so everybody spent a lot of time and dollars and meetings and highlighters and flip charts disassembling the personal banking model. I'm sure it will come back some day; most of my former banking colleagues probably kept their old T-shirts. The personal banker might be offshore, but that'll be the breaks.
Charlie: My definition of "rock" is kind of like NAR's definition of "a good time to buy a home." Highly elastic.
Stagflationary Mark, I hope this isn't too personal for a businesslike website.
I think I love you.
Instead of paying me a decent wage for my bubble lyrics I am being offered way too much credit instead? And you are concerned it isn't businesslike? I just hope I don't end up paying too much interest.
Segfault, the pure horror of having a commercial lender write consumer loans has me twitching. Every compliance officer has his or her own horror story about those.... Every one of them does it at times.
Aside from senior banking personnel who know enough to do it properly, you are generally better off with the product line stuff. This is why this type of thing is commonly done in small banks or in larger banks for wealthier individuals. It costs a lot and takes a lot of years to get a person who knows the rules for all the areas.
Yes, personal banking and relationship banking are still extant, and not only in Palo Alto. The idea is that you give one bank all (or a lot) of your business, and the bank gives you a relationship manager and preferential pricing based on your total "relationship" (i.e. balances). At the big banks, the relationship will include brokerage accounts.
Nowadays the relationship manager doesn't do stuff like mortgages personally, but brings the appropriate specialist to the client as needed. (BTW, Schwab adopted this model a couple of years ago.) And this isn't just for rich people any more; assets of a few hundred thousand will suffice for some banks.
They joined the Marines in 1961 together and served until 1962. Eleven years later, they parted company and pursued successful solo careers. Then, in 1983, they reunited with a long-awaited concert at London's Royal Albert Hall.
I think "parted company" is code for a really evil falling out. This quote is from an excellent biography:
I don't like all this "shadow statistics". It's sure correct that official statistics does not capture some trend changes properly, but you can't offer anything better until you put few thousand people working on your alternative project. If you want to do real statistics, you must collect data. And that takes a lot of footwork.
I would not take the "shadow statistics" sites seriously.
For reasons I never understood at the time, "Long Tall Sally" by Little Richard was banned from Raleigh NC radio stations when it first was released (I was in high school). First they cut out the lyrics "he saw Aunt Mary coming and ducked back in the alley" then the entire song. Someone must have though Little Richard had a hidden definition of an "alley" and what it meant to "duck" into one (and they were probably right).
THAT'S good stuff!
Well, personal details are out of place in the comments, but I am forced to ask, did you hear it when it first came out?
Some of us are rather long in the tooth.
Hey, I got to use this one!
did you hear it when it first came out?
I think--and stop it, people, there's a reason I didn't check this fact--that this song was first recorded before my birth by at least 10 minutes.
I heard it throughout my childhood because my mother loves to sing this one. She shoulda been a Chordette.
Tanta, do you think any of the age impaired know who the guy is making the popping sound? (Hint: it isn't BB.)
Thank you Tanta - just what I needed lately, a breeze from the days when things were just a little more sane than they are today...
Was the popping guy Perry Como? Just a shot. He kinda resembles him.
Howard Andrew Williams
Andy Williams - Wikipedia, the free encyclopedia
aka Andy Williams
apparently the song was on the soundtrack of Stand By Me a terrific Rob Reiner movie
such are memories
That sure looked a couple of very young Everly Brothers standing next to Andy at the very end too.
Ahhhh, takes the summer trolldrums away --thanks Tanta -- and for ubermissive no. 3
Bubbles pop, bubbles pop
Oh bubbles, bubbles, bubbles
Bubbles pop, bubbles pop...
The Fed pricks so bubbles pop
Makes us cry
Low rates sure made the housing prices fly
And when the Fed starts a baby step prance
Man, we haven't got a chance
We call them
Bubbles pop, bubbles pop
Oh bubbles, bubbles, bubbles
Bubbles pop, bubbles pop...
Assets rise as if by magic
Exotic mortgages, subprime
If we had a choice
The Fed wouldn't prick
But bubbles pop, it's time
Bubbles pop, bubbles pop
Oh bubbles, bubbles, bubbles
Bubbles pop, bubbles pop...
If any of you guys find it sickening that the gov is thinking of bailing out these defaulting mortgages, support Ron Paul for 2008.
Ronpaul2008.com - congressman Resources and Information.
Stagflationary Mark, I hope this isn't too personal for a businesslike website.
I think I love you.
Bubbles pop, bubbles pop
Oh bubbles, bubbles, bubbles. . .
They were on the flip side of the Everly Brothers.
I thought the Everly Brothers were great, but, if I recall, they fell out pretty badly.
We're a long way from "Wake Up Little Suzy" these days. You can only step in the same river once.
Those wacky Chinese. You'd think they didn't care about their fellow man.
It's good to know that they're sitting on a few trillion dollars and are going to buy the US. It's good for the stock market.
A TOXIC PIPELINE: Tracking Counterfeit Drugs; From China to Panama, a Trail of Poisoned Medicine - NY Times
Oh my, all these YouTube postings from Tampax are clearly actionable Copyright violations.
GRAB MY POLE, MONICA, WE'RE GOIN' FISHIN'!
Even back in '58, artists toyed with
the public. Guessing that most might never
have had a clue, or even suspected.
"I call him ... lollipop"?!
Pick a verb that fits. Any verb.
Priceless!
Betcha' old Andy Williams was hip to
the inside joke. Watch the looks on his face.
Arbogast, you must be thinking of another group, the Everly's had a great career; e.g., (from Wikipedia at The Everly Brothers - Wikipedia, the free encyclopedia ), "The Everly Brothers have had a total of 26 Billboard Top 40 singles. In 1986, they were among the first 10 artists inducted into the Rock and Roll Hall of Fame. In 1997, they were awarded the Grammy Lifetime Achievement Award. In addition, they were inducted into the Country Music Hall of Fame in 2001 and the Vocal Group Hall of Fame in 2004.[7] Their pioneering contribution to the genre has been recognized by the Rockabilly Hall of Fame. The Everly Brothers have a star on the Hollywood Walk of Fame at 7000 Hollywood Blvd. In 2004, Rolling Stone Magazine ranked The Everly Brothers[8] #33 on their list of the 100 Greatest Artists of All Time [9]. They are also #43 on the list of UK Best selling singles artists of all time."
It is true though that their service in midstream as US Marines forced a career restart; by which you can guess that I agree with you (and Heraclitus) also, that you can't step in the same river twice.
Andrews Sisters
YouTube - Andrews Sisters - Song & Dance - Boogie Woogie Bugle Boy
Totally off-topic, but Rob at Exurbannation suggested I ask here:
Many banks use a form of banking known as "relationship banking" where one contact person handles all of your banking needs. Whomever handles your account can set you up with checking, savings, CDs, IRAs, home and auto loans, etc... My understanding is that it's designed to make the bank more personable and friendly.
Is there a specific or recognized term for the antithesis of this system, where one person at the bank handles loans, and if you need a checking account, you can't talk to them and have to talk to someone else?
One of our local banks is under new ownership and switched from relationship banking to the more bureaucratic style of banking, where everyone is responsible for different things instead of the general well-being of the bank and customers as a whole, and as a result, you can't go in and talk to Mrs. Smith about your checking account anymore because it's not her department.
I've Got A Gal In Kalamazoo
YouTube -
Tanta, I like this song by the Chordettes but it is doo wop and not rock. To see what I mean compare to this dude from the 1950s:
YouTube -
segfault: it's called "product line management." Or at least it was back in the 90s when I remember it being quite popular. Everybody loved the "personal banking" thing, but everybody also hated the kind of mortgage loans that got made by people who were trained to sell CDs. And no one would let the mortgage people handle deposits--loan officers around unsecured cash? Are you nuts?--so everybody spent a lot of time and dollars and meetings and highlighters and flip charts disassembling the personal banking model. I'm sure it will come back some day; most of my former banking colleagues probably kept their old T-shirts. The personal banker might be offshore, but that'll be the breaks.
Charlie: My definition of "rock" is kind of like NAR's definition of "a good time to buy a home." Highly elastic.
Tanta,
Stagflationary Mark, I hope this isn't too personal for a businesslike website.
I think I love you.
Instead of paying me a decent wage for my bubble lyrics I am being offered way too much credit instead? And you are concerned it isn't businesslike? I just hope I don't end up paying too much interest.
Here in Palo Alto the personal banker is still at work, at least for the high mileage people --- er high income. YMMV
Segfault, the pure horror of having a commercial lender write consumer loans has me twitching. Every compliance officer has his or her own horror story about those.... Every one of them does it at times.
Aside from senior banking personnel who know enough to do it properly, you are generally better off with the product line stuff. This is why this type of thing is commonly done in small banks or in larger banks for wealthier individuals. It costs a lot and takes a lot of years to get a person who knows the rules for all the areas.
Yes, personal banking and relationship banking are still extant, and not only in Palo Alto. The idea is that you give one bank all (or a lot) of your business, and the bank gives you a relationship manager and preferential pricing based on your total "relationship" (i.e. balances). At the big banks, the relationship will include brokerage accounts.
Nowadays the relationship manager doesn't do stuff like mortgages personally, but brings the appropriate specialist to the client as needed. (BTW, Schwab adopted this model a couple of years ago.) And this isn't just for rich people any more; assets of a few hundred thousand will suffice for some banks.
RW,
I was referring to this:
They joined the Marines in 1961 together and served until 1962. Eleven years later, they parted company and pursued successful solo careers. Then, in 1983, they reunited with a long-awaited concert at London's Royal Albert Hall.
I think "parted company" is code for a really evil falling out. This quote is from an excellent biography:
http://www.everlybrothers.com/html/bio.html
These were sensational hits:
Crying in the Rain
Let It Be Me
(Til) I Kissed You
Bye Bye Love
Love Hurts
Devoted to You
Cathys Clown
All I Have to Do Is Dream
When Will I Be Loved
Wake Up Little Susie
Here's a few "twisted tunes" from my local rock station that seem appropriate for current events
Sneak into America
Recession
enjoy
Veering OT -- Mr. Tan Man farts and runs - selling CFC shares again.
Mozilo Keeps on Selling : HousingWire || financial news for the mortgage market
Is inflation really at 6+%?
Shadow Government Statistics - Home Page?
I don't like all this "shadow statistics". It's sure correct that official statistics does not capture some trend changes properly, but you can't offer anything better until you put few thousand people working on your alternative project. If you want to do real statistics, you must collect data. And that takes a lot of footwork.
I would not take the "shadow statistics" sites seriously.
Charlie Stromeyer,
For reasons I never understood at the time, "Long Tall Sally" by Little Richard was banned from Raleigh NC radio stations when it first was released (I was in high school). First they cut out the lyrics "he saw Aunt Mary coming and ducked back in the alley" then the entire song. Someone must have though Little Richard had a hidden definition of an "alley" and what it meant to "duck" into one (and they were probably right).
Is this a sexual metaphor? Like Pink Cadillac? Methinks so