As one of those prudent savers who pays their bills on time I'm trying to figure out what is stopping me from maxing out my HELOC which I currently don't use.
$85K at 4.5% interest to buy DIG? And if oil becomes about as useful as CROCS i just don't pay it back, right?
Every day that goes by with this "lack of transparency" story in the news, the drumbeat will get louder. Pretty soon, even the public will be concerned about it.
As the drumbeat gets louder and it stays unaddressed by Bernanke and Paulson, it will keep dragging the market down. The market already thinks there something real wrong behind the curtain, for them to want to hide it this bad.
I can't believe there is no post on this yet.
Finally a bailout I am fully willing to fund.
U.K. Facing Sperm Donor Shortage
Bailout May Be Necessary
"The only countries that seem to have enough sperm are those that pay - like the U.S. and Spain - or the countries that retain anonymity," said Allan Pacey, a member of the British Fertility Society that warned of the shortage in the British Medical Journal.
In 1991, Britain logged 503 sperm donors, according to figures from the Human Fertilisation and Embryology Authority. In 2000, there were 325, and in 2006 - the year after the law was changed - the number dropped to 307.
I'm going to mail in a donation in a film canister. The sperm industry is definitely too big to fail.
rich writes: Every day that goes by with this "lack of transparency" story in the news, the drumbeat will get louder. Pretty soon, even the public will be concerned about it.
Yep, the Republicans in Congress are starting to hammer on it now. Bully for them. "It's too secret to tell you" might even be true, but it's not a good answer.
Current taxpayers aren't on the hook because they are being filleted. Future taxpayers are on the hook. We all are gonna pay one way or another via income tax, sales tax, state taxes, county tax, city tax, dollar devaluation....
Pick your poison, the little people always carry the bailout of the burdensome rich on our collective shoulders
CIT is such a joke. They sold common stock last month to pay the dividend on their prefs. This allowed them to continue paying dividends on the common.
Downey savings has applied to become a auto manufacturer. They will begin R&D just as soon as congress passes the auto bail out amendment. The bank thingy just isnt working so well
first?
My life's work is complete.
emo!
How do I become a bank holding company?
o way!
foist?
clearly the limitations on the money are insufficient.
A day late, a billion short.
Did they miss the TARP failure memo?
Who?
I am happy to announce that hell is now considered as a "Bank Holding Company".
making
it
up
as
we
go
along
Oh, you mean the lending company. For a minute, I was wondering why Caltech wanted to become a bank. I'm sure they'd be a good one, but still...
I happened to catch a bit of Midway on AMC last night, there was a nice monologue by Fonda (as Nimitz) about "Calculated Risk". Made me grin!
As one of those prudent savers who pays their bills on time I'm trying to figure out what is stopping me from maxing out my HELOC which I currently don't use.
$85K at 4.5% interest to buy DIG? And if oil becomes about as useful as CROCS i just don't pay it back, right?
Dave Brown --
How do I become a bank holding company?
In Soviet Amerika, bank holds you.
Paulson to Congress: We may need another $700B. Turns out there's a whole more banks that we thought.
Im thinking of getting a mortgage and walking.
Bloomberg
reports U.S. $ 2 trillion, NOT $ 700 billion.
Comments welcome.
Cordially,
\t
Килгор Траут
What does this mean to LEVERAGE?!
(screaming and tear my eyes out...)
Since everyone has probably started jumping from the last thread:
Fake NYT is going for $50 + on eBay.
This is what makes america ... america.
C is becoming a holding tank.
the_economist writes:
Im thinking of getting a mortgage and walking.
the_economist | 11.13.08 - 11:09 am |
I've heard walking's very healthy.
Is it really that easy to convert?
What does the form look like?
Anyone have a URL ?
Let's flood them with requests to convert. As a form of protest.
We as a country are Very Very close to a tipping point, i.e. revolt of the taxpaying pleebs.
If any industry will make it through tough times, it would be the pet industry.
Futures on assets just turned neg. It's time.
I take it Bloomberg is a right wing kook site. /sarc
Interesting Times writes:
Is it really that easy to convert?
What does the form look like?
You just say:
"There is no God but Mammon, and Paulson is his prophet"
With sincerity.
Every day that goes by with this "lack of transparency" story in the news, the drumbeat will get louder. Pretty soon, even the public will be concerned about it.
As the drumbeat gets louder and it stays unaddressed by Bernanke and Paulson, it will keep dragging the market down. The market already thinks there something real wrong behind the curtain, for them to want to hide it this bad.
I can't believe there is no post on this yet.
Finally a bailout I am fully willing to fund.
U.K. Facing Sperm Donor Shortage
Bailout May Be Necessary
"The only countries that seem to have enough sperm are those that pay - like the U.S. and Spain - or the countries that retain anonymity," said Allan Pacey, a member of the British Fertility Society that warned of the shortage in the British Medical Journal.
In 1991, Britain logged 503 sperm donors, according to figures from the Human Fertilisation and Embryology Authority. In 2000, there were 325, and in 2006 - the year after the law was changed - the number dropped to 307.
I'm going to mail in a donation in a film canister. The sperm industry is definitely too big to fail.
Interesting Times,
I would like to be part of TARP as well.
Fake NYT is going for $50 + on eBay.
This is what makes america ... america.
JoGa | 11.13.08 - 11:11 am | #
I believe Kafka spelled it Amerika.
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Gimme 7% rate on my checking and savings accounts and would care less if Linen & Things is the next bank holding co.
Transparency on 700B but not the other 1.3T?
do they want samples from white, polish/germans?
rich writes:
Every day that goes by with this "lack of transparency" story in the news, the drumbeat will get louder. Pretty soon, even the public will be concerned about it.
Yep, the Republicans in Congress are starting to hammer on it now. Bully for them. "It's too secret to tell you" might even be true, but it's not a good answer.
would like to be part of TARP as well. REBear
You are if you're a taxpayer.
flat crude supply didn't help the bulls case..They need energy to lead market higher...so I propose a jane fonda workout for the bulls..
If we all just send CR our donations, he can combine them and save on shipping.
CR4RE, LLC
2967 Michelson Dr., Suite G212
Irvine, CA 92612
Currently Smoking Cannabis writes:
If we all just send CR our donations, he can combine them and save on shipping.
Awesome. Your child has the speed of nemo, the virility of Elvis, the insight of Evil Henry Paulson, and the gleaming racial purity of Unit472.
C is already a septic tank.....been one for many year's. The reality of it is only now being allowed to occur.
Just think if they didn't get that $25b from Uncle Hank......be looking at below $5 at this point.
Ciao
MS
New thread.
I believe Kafka spelled it Amerika.
Mel
Sure would like to be a fly at Paulson's secret meetings with the Fed.
I crack myself up
Aww man, we hadn't even devolved into Hank Paulson, Sperminator jokes.
What a waste
rps,
Taxpayers wil never be on the hook. The system would have collapsed by then.
Current taxpayers aren't on the hook because they are being filleted. Future taxpayers are on the hook. We all are gonna pay one way or another via income tax, sales tax, state taxes, county tax, city tax, dollar devaluation....
Pick your poison, the little people always carry the bailout of the burdensome rich on our collective shoulders
The statement released that the GE dividend is safe goosed the maket.
rps,
'dollar devaluation' is the path of least resistance.
CIT is such a joke. They sold common stock last month to pay the dividend on their prefs. This allowed them to continue paying dividends on the common.
Let's hope the govt. turns them down.
Downey savings has applied to become a auto manufacturer. They will begin R&D just as soon as congress passes the auto bail out amendment. The bank thingy just isnt working so well
Let's hope the govt. turns them down.
If they do, I'm certain it will be handled with all the grace and forbearance of my 2-1/2 year old.
"I have cookie?"
"Not right now. Maybe later."
pause
"Now?"
"No! Later."
pause
"Now?"
Citi in seeming meltdown, dropping almost 10% today.
These hedge fund managers sound a hell of a lot more responsible in their strategies than the buy and hold managers.
If any industry will make it through tough times, it would be the pet industry
In tough times, that pet dog looks like
Sunday dinner...
Now back to reality, yes, tell me, how do my pet dog and I become a bank holding company? Sounds like easy money to me.
Detroit needs to come to their senses and realize the future is in banking:
The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.
freep.com | | Detroit Free Press
Detroit National Bank, got a ring to it. Ya know.
I've been worried about CIT. I've steered away from their bonds for years.
Back in spring when they couldn't roll over debt they drew from their bank line... enoungh to 'last until the end of the year'.
I bet if the Fed doesn't help them, they'll go poof
Maybe they should call it the Treasury Department Store.