We're All Busta Now

in

Good morning, Tanta. We've missed you lately.

Scuttlebutt has it that her posts will be tagged Busta-moves.

You haven't stopped chuckling, Tanta?

I haven't stopped 'busting out' (rimshot).

There's a Spanish surname Bustamante. Perhaps Busta is an unfortunately shortened version of it.

We've missed you lately.

Sorry to be MIA. I have been rather under the weather.

I would love to know which wag thought this up and either has access to Accredited's official email account or has the skills to spoof it so convincingly.

Thanks,A good way to start my saturday.

I'm hoping that your reemergence means you're back over the weather. Wink

There's a fair possibility that the humorous missive is an internal product executed by someone to relieve the tedium, or an effort to remain gruntled.

[Taking a liberty to wax anecdotally (because as soon as I read this, the following popped into memory) - it's Saturday, if the rest of you slobs don't like it, bite me.]

Years ago, when my brother was but a fledgling adult, he became the copy machine jokey at a local think tank. (Irrelevant to the story, but interesting is that in the course of three months, he brought output from 18K copies/month; 1 week turnaround, to 72K copies/month; 24hr. turnaround.)

Where was I? Oh yes... The think tank was a haven for unemployable PHDs, and was always on the verge of dissolution due to funding issues. The gag that made its way from office to office read:

Report to the Funding Committee: We are alive and spending the money.

OK. Small joke. Obviously I need more coffee. Carry on. Nothing to see here.

Utter boredom (and no life) suggested I click on Tanta's link. There really is an Accredited Home Lenders. Then I poked around.

Yikes! 20 pages of REO listings.

Good to see your name at the bottom of the post, Tanta! We love you!

Well if the weather is like it is here - you wouldn't want to be under it. Wet gray cold crap...

Tanta,

What matty said ^2 - best wishes for a speedy improvement in weather forecast!

hi Tanta! here is a big get well soon hug from me:

HUGS

i'd offer to make you a peanut butter and banana sandwich (my specialty), but i have no idea how to do that in the comments. please make one for yourself and pretend i made it for you.

love,

You guys are the best.

I had a couple of days of talking to Earl on the big white porcelain telephone earlier in the week. Then it took another couple of days to get myself to the point where I could drink enough coffee to be able to use a computer. No coffee, no typee. Or at least, no typee that produces idiomatic English.

But I am better--so much so that I'm about to meander down to the Amish Market for victuals. I have pretty much had all the dry toast, bananas and applesauce I can really cope with for one week, so I'm going after something really exciting. Chicken corn noodle soup, perhaps. Maybe with a big hot pretzel. I'm livin' large!

Hope you get all betta.

The declining asset I live in is surrounded by the most gorgeous weather today, and I picked my first gardenia.

We had fresh squeezed juice today. to wit: I sent the hub out to pick some oranges and then I squeezed 'em.

Nany nany boo boo to you Northerners.

People will want to move to Florida again someday, and fill the empty houses, altho not if we have another 8 storms in 4 years.

That was me with the gardenia.

yo, slackers, give it up for Tanta!

No coffee, no typee.

take that, Herman Melville!

Found this definition of busta in the urban slang dictionary:

chump. sucker. uncool person.

"What are you hangin' wit this BUSTER for, man?"

They may need to change her title to chief advisor on all things lame and not interesting.

Urban Dictionary: buster or busta

PS hope you feel better!

Tanta - Don't look back, but you wouldn't believe some of the things we talked about in your absence. I remember thinking to myself: This wouldn't be happening if Tanta were around.
Smile

Glad to hear you are feeling better.

Well, all I have to say is if this woman is "busty", the taunts from wise ass schoolboys must have been merciless during her adolescence.

Indeed, we're greatly relieved to hear you're feeling better. Now...

Amish Market? Chicken corn noodle soup? Big hot pretzel?

Be still my worn out keyboard! You have to be near Gloccamora on the Delaware!

If so, we'd be delighted if you'd let a couple of old farts take you out for a plate on mussels&chorizo (my fave) or a lamb sandwich (Mrs.B's fave.)

Tanta, glad you're feeling better!

Glad you're feeling better and hope you stay that way!

Tanta,
I'm glad you're feeling better. Could you pick me up some of that olive oil soap?
lama
(Chief Mis-Informer of Things Both Irreverent in the yada yada...)

Be still my worn out keyboard! You have to be near Gloccamora on the Delaware!

Sounds lovely, dear, but I'm near Gomorrah on the Potomac.

MISS Busta. . . . I'm in love. Smile

No word about her compensation package and stock options?

So how are things in Gloccamora? Glad to hear you're not still under the weather. Qvercast here in SD after days of hot weather, kind of nice.

Lawyerliz: Had to get an electric juicer, these old arms got cramps from squeezing oranges manually.

Wish I could accompany you, Tanta, but since I can't and it's still Nat'l Poetry Month:

The Pasture

I’M going out to clean the pasture spring;\t
I’ll only stop to rake the leaves away\t
(And wait to watch the water clear, I may):\t
I sha’n’t be gone long.—You come too.\t

I’m going out to fetch the little calf\t
That’s standing by the mother. It’s so young,\t
It totters when she licks it with her tongue.\t
I sha’n’t be gone long.—You come too.

Amish soup will do you good! Glad to have you back Tanta.

I picked my first Gardenia yesterday too! And the star Jasmine are just starting to bloom...Hydrangea will be next...

But who will they appoint to advise on the relevant and boring?

Tanta, you live around Burtonsville? My home girl! Just sold my house in Colesville back in December to take a job in Palo Alto. That Dutch Market is the best.

Glad to hear you are feeling better!

That memo reminded me of a certain company that recently announced a new position they dubbed the "Vice President of Homeownership Preservation Initiatives". But that was for real.

There's been no sales
In the neighborhood.
Who you gonna call?
Miss Busta!

How far gone we are: Today on Marketplace Money:

"... In some cases, it may be advisable to, if you're afraid of having your line of credit frozen, to actually withdraw that money in one lump sum now and put it in a savings account."

Ok...now, what would be those "some cases"?

Critical life-saving medical treatment in New Zealand (ok, just kidding...)....uh....genuine emergency that cannot be met by belt tightening or delaying purchases?

no....

no, just "...You've got the contractor all ready to go and he's already been working on things and all of the sudden, you don't have money to pay for the rest of it.

"Bigda: Yeah, that's a very difficult situation and it's the same with a lot of parents who were maybe planning on tapping their line of credit to send their kids to college this fall. "

just ordinary routine life investments that families everywhere have done for decades by saving/scrimping/delaying/taking a job, etc.

e.g.--we modified our remodeling a bit, and did some of the work ourselves in the 1980s. Also, I worked a summer job and earned a scholarship and went in-state to put myself thru college. Student loans are often used also.

But....this advice is a little different, isn't it?

Today, the advice is to drain the remaining equity from your house while you can.

Seems Tanta's previous post was so very cogent!

Get a load of this. Is this okay? Sounds fishy!!!

Citi also said it saw a $3.1bn rise in credit costs in its global consumer business and was forced to take a $200m writedown ona hedge fund founded by Mr Pandit.

Under the terms of the fund, Mr Pandit’s promotion to group chief executive in December allowed investors to ask for their money back. Citi is setting aside reserves to pay for redemptions.

If you're ever up this way, ma cher, the welcome mat is out, (if the local ruffians don't steal it, he he.)

Horticulturally speaking,

the columbines have come back again for the fourth year - not blooming yet though.

The bleeding hearts are in bloom.
The hydrangeas are leafing out with a frenzy.
The cilantro is getting very leafy, and smells devine.
Strawberry plants have flowers. Yeah!
The mustard is sprouting nicely. Yum, salad soon.
Yellow wax beans went in yesterday.
Same for the Japanese Soyu cukes, and the Scarlet Runner beans.
We put the herbs back outside. They're liking the (cough, cough,) fresh air and sunshine.

Cheer up, dryfly, you'll get your good weather too. Wink

You hang out with a regal crowd, Tanta, 'speaking' to Earl. Folks from Texas, we 'speak' to Ralph.

OK, I get it, Miss Helen Busta is Sell and Bust, right?

"You guys are the best"

Me too?

Just kiddin' Seriously... Very Glad to hear you're feeling better. Hang tough.

"The declining asset I live in..."

LOL! Love it. Good one. Best one this week by far.

OT: but this NYT article on the front of the website rubbed me the wrong way.

Bear Stearns’s New Hires Become Job Seekers

"They polished résumés; they sweated interviews; they landed dream jobs. But now a small group of college and business school students are discovering that their careers at Bear Stearns ended before they began. JPMorgan Chase, which bought the beleaguered investment bank last month, rescinded many of their job offers."

Bear Stearns Collapse Turns New Hires Into Job Seekers - NY Times

Maybe I'm just heartless, but they seem pretty low on the list of people I'm feeling sorry for right now. Plus, nowhere in the article does anyone say heh, you chose a lucrative and volatile profession, them's the breaks. It's not like the're losing their chance to help struggling orphans. It's freaking ibanking. Whatever.

Carry on, then.

Anyone familiar with private wealth management to know if this sort of thing is market:

"Brokers in the wealth-management group had been peddling the hedge funds, run by Citigroup's alternative-investments division, to their clients. When the funds incurred steep losses, the wealth-management group moved to help the investors exit their positions. The bill: $250 million."

Sounds a little like the yield guarantees given by Japanese brokers in the early '90's.

TIA,

z.

"this NYT article on the front of the website rubbed me the wrong way"

agreed. My buddy from CA informed me that his kid got let go from her job this week. She's an elementary school teacher w 3yrs on the job - seniority issues. Kinda tough to lose a lot of sleep over the fact that some professional skimmers in financial services gambling are out of work.

Almost fitting, if you ask me.

Tanta: NR closed shop for the weekend. Are we allowd to post other than Bunta Lady stuff?
"Muncha buncha, muncha buncha, muncha buncha, muncha buncha, BUNTA goes with lunch"

First World War.com - Site Information - Unfortunately...

halbhh, you're being too harsh.

There are plenty of reasons you could reasonably have counted on having HELOC funds available and might want to lock in that availability even at the cost of the difference between the interest and the yield on the savings account.

Tuition is one of them. It's long been standard conservative advice that saving for tuition should be one of the lowest priorities; something you do after funding your retirement account. "You can always take out a student loan, but you can't take out a retirement loan." But all of a sudden student loans are disappearing, and tuition money needs to come from some creative sources.

The key phrase there is "all of a sudden". Yes, it's possible, and used to be standard practice to save up for certain expenses like maintenance. But recently it's been cheap and easy not to and it's been entirely reasonable to borrow at extremely low cost to cover the expenses (and do the saving later in the form of repayment). When all of a sudden this becomes an unavailable option people can't turn on a dime and have savings ready to go for imminent expenses. They'll save for the next round. But for things requiring payment on short notice they need to have funds accessible even if it means paying extra for them.

Ahem. This post was far too short.

Oh, you are under the weather? Well, OK then.

That was supposed to sound affectionate - I hope the tone came through . . .

I have pretty much had all the dry toast, bananas and applesauce I can really cope with for one week, so I'm going after something really exciting. Chicken corn noodle soup, perhaps. Maybe with a big hot pretzel. I'm livin' large!
Tanta | 04.19.08 - 9:44 am | #

Sounds good actually - I am 'Bachelor Dad' tonight - wife went up to our daughter's to look at wedding dresses (more than a year away from drop-dead-date but I guess you can't do that dress thing too early or too often). Youngest son went along for the ride - he'll hang out at daughters 'big city apartment' and pretend he's not from hickville - good luck with that, son. Later they will do a movie.

Me, I'm making soup myself (baked potato w/ leek & asparagus), drink a few beers and keep the dogs company. If I get REALLY ambitious - I might tie some flies. It is that time of year you know.

Living large indeed.

5 on line? Lowest I have ever seen!

barely writes:
"The declining asset I live in..."

LOL! Love it. Good one. Best one this week by far.
barely | 04.19.08 - 2:08 pm | #

Agree - that one needs to go into the lexicon. Also need to alphabet soup that one:

MDA - my declining asset
DAILI - declining asset I live in
SFDA - single family declining asset
McDA - you can guess...

Octavio Richetta @ 3:12

Thanks, I needed that.

I hadn't heard it since at least as long ago as 1945 or so when I remember my mother singing it as she cooked. I didn't know it was WWI.

DADA - Declining Asset in Declining Area.

UF DA! Underwater Foreclosed Declining Asset.

UF DA! Underwater Foreclosed Declining Asset.
Bob Dobbs | Homepage | 04.19.08 - 3:45 pm | #

Being a Midwest Part-Norski myself - I like that one.

Watching the suns game- what else is there in Phoenix for the next hour?

Tanta- enjoy some sun and get well.

Gas prices are really starting to bite- the number of garage sales is immense right now.

Someday this war's gonna end...

Ethan | 04.19.08 - 3:44 pm | #
Thanks! I borrowed it from my Fritos/WaMu analysis at NR.
Page not found
Kohn says banks need more capital. But shareholders don't want dilution. The prefer Benny bailouts. Are we going to muddle through like Japan?

Gas prices are really starting to bite- the number of garage sales is immense right now.

A farmer friend of mine says corn is going over $6... he says wheat could go somethin' like $17 if the new crop doesn't bumper... don't even get him started on beans.

That was this morning over coffee & seed caps.

Safe Harbor: Do your own diligence, no body and I mean NO BODY can be as wrong as farmers can be wrong. But that's what the scuttle butt is.

Far fewer comments now since the financial system was pulled away from the precipice. What will it be next? Remittance reports perhaps...

Unemployment rate in Cali hit 6.2. Foreclosures up big time. Its only just begun...
California's unemployment rate hits 6.2% - LA Daily News
Mr Mortgage's Guide to the TRUTH!

Yo, Allen C: It's a beautiful day. My excuse: at work. (plus I own the dump!)

Far fewer comments now since the financial system was pulled away from the precipice.

A lot of heat and not much light in most of those comments... so not much of a loss.

But this isn't over. We'll know it is really bad when things go quiet in places like this (as folks pull back into their own personal hells). We aren't there yet.

personal hell...yeah, that's the ticket!

Octavio Richetta @ 3:55 pm

I remember right after the war none of us kids wanted any of those cheap shit toys from Japan. It was only about 15 years later (1960 or so) that Japanese electronics and a few years later that Japanese cars began to be the sought after ones. Remember Sony when it first appeared here? Probably the best electronics you could buy at ANY price.

I hope we can muddle through like that!! Oh, wait, you're talking about the 1990's. Ugh. I have to catch up to the present. Double Ugh.

Etan said: "I remember right after the war none of us kids wanted any of those cheap shit toys from Japan."

I remember that too. And it has occurred to me that China will soon be producing quality products.

Then what?

"Unemployment rate in Cali hit 6.2. Foreclosures up big time. Its only just begun..."

Allen, I thought this was an interesting article about how declining overtime hours, employee furloughs, less work for 1099s was impacting the economy far beyond what the official unemployment rate implies:

Workers Get Fewer Hours, Deepening the Downturn - NY Times

As far as American buying power is concerned, the unemployment rate only tells part of the story. By the time the national average slips 1 percent, things will be much worse than might be expected by, well, someone with too much faith in the relevance of government statistics.

Hmmm. it's quiet. Too quiet. This must be the calm before the storm.

Ethan: "Remember Sony when it first appeared here? Probably the best electronics you could buy at ANY price."
remember the Walkman? I think that was around 1980.

The SONY TVs were good too. A 19" trinitron in 1981-2 in NYC crazy eddie was 550 bucks a fair amount of dough back then.

BTW, Tanta, 4:54 AM eastern time??? You sure you're OK?

It's been a long time since I knelt and worshiped at the porcelain alter. I hope that wasn't your problem.

Irgend wie...leb' wohl, und nicht wiederschauen, einsig und allein ... leb' wohl.

hi guys. you roused me remembering the walkman. i think 1980 was about right. they presold it and i picked up one of the first ones at the corner of 59th and lex, near my apartment.

i thought it was the coolest thing for skiing ever created. I still have it. 28 years later and every single moving part still fits like butter.

sighs

melidere you still in nyc? I have moved a lot since then.

i was listening this morning to the summit in washington for the us chamber of commerce and this guy (dr. marty regalia) was droning on about how the stimulus package was going to be the shot in the arm that business needed and that the recession was going to be shallow and i started to doubt myself.

could he be right? are we just not listening?

he made one point that i know to be true which is that the original estimates of the s&l crisis were really high, 1/2 trillion or so, and the end cost ended up being more like 150 billion.

there is such a huge disconnect between the credit markets and the stock market that it's hard not to feel like you are nuts.

i'm in a burb of nyc.

I remember that too. And it has occurred to me that China will soon be producing quality products.

Then what?

Then they won't be cheap. That solves a lot of 'problems'...

BTW - I know some Chinese mfgrs - working for slave labor is not their idea of fun. Some day their politicos will catch up or stop being their politicos.

I used to rent a place around Gramercy Park. While attending Columbia uptown. Place went condo.

There is nothing wrong with a degree from SDSU.

AP-- I agree, if there is no other way to go to school. There would be other ways for many.

Hey there, Tanta. Glad to hear you're feeling better. Naturally, I have some good remedy recipes if you need them. Give me a call and we'll schedule lunch after the myth buster column and web site are launched, which is this Friday. Keep your eyes peeled and stay sharp.
All my best, Helen

(do you guys think I don't read these posts?)

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