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August 22, 2007 at 11:30 PM #79619August 23, 2007 at 6:10 AM #79508CoronitaParticipant
Don't worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes "If I bought stock in a funeral home, nobody would die." FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn't all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.
Mercedes? No way. To me, most of those makes are old fart lines. The only ones that are interesting are the AMG versions, but those are way way overpriced.
One other automaker makes a performance line with an "S" line and an awesome AWD system that extremely helpful for weekend trips to Tahoe in the winter when I was still in the bay area. Of course, down here it's pretty useless because it doesn't snow. Anyway, that car was awesome with a bi-turbo. And I really regret that fiasco, because since then, the maker canned the bi-turbo for a normally aspirated v-8, which imho makes the car so ho-hum in terms of tunibility. Also, that generation of the vehicle didn't look so bling, it pretty much had a low key "sleeper" look. Anyway, I ended up just getting a 4 banger turbo AWD from the same maker, which I guess in hindsight gets better gas mileage that a v-6 bi-turbo. Still, I miss the bi-turbo.
August 23, 2007 at 6:10 AM #79636CoronitaParticipantDon't worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes "If I bought stock in a funeral home, nobody would die." FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn't all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.
Mercedes? No way. To me, most of those makes are old fart lines. The only ones that are interesting are the AMG versions, but those are way way overpriced.
One other automaker makes a performance line with an "S" line and an awesome AWD system that extremely helpful for weekend trips to Tahoe in the winter when I was still in the bay area. Of course, down here it's pretty useless because it doesn't snow. Anyway, that car was awesome with a bi-turbo. And I really regret that fiasco, because since then, the maker canned the bi-turbo for a normally aspirated v-8, which imho makes the car so ho-hum in terms of tunibility. Also, that generation of the vehicle didn't look so bling, it pretty much had a low key "sleeper" look. Anyway, I ended up just getting a 4 banger turbo AWD from the same maker, which I guess in hindsight gets better gas mileage that a v-6 bi-turbo. Still, I miss the bi-turbo.
August 23, 2007 at 6:10 AM #79658CoronitaParticipantDon't worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes "If I bought stock in a funeral home, nobody would die." FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn't all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.
Mercedes? No way. To me, most of those makes are old fart lines. The only ones that are interesting are the AMG versions, but those are way way overpriced.
One other automaker makes a performance line with an "S" line and an awesome AWD system that extremely helpful for weekend trips to Tahoe in the winter when I was still in the bay area. Of course, down here it's pretty useless because it doesn't snow. Anyway, that car was awesome with a bi-turbo. And I really regret that fiasco, because since then, the maker canned the bi-turbo for a normally aspirated v-8, which imho makes the car so ho-hum in terms of tunibility. Also, that generation of the vehicle didn't look so bling, it pretty much had a low key "sleeper" look. Anyway, I ended up just getting a 4 banger turbo AWD from the same maker, which I guess in hindsight gets better gas mileage that a v-6 bi-turbo. Still, I miss the bi-turbo.
August 23, 2007 at 7:40 AM #79529AnonymousGuestfat-lazy, who else makes a bi-turbo besides BMW/Mercedes/Porsche? I’m in the market for a new turbo coupe/sedan but regardless of how much money I make in the market I’m not thrilled about driving one of the overpriced German cars. Those are so common here in San Diego that it is analogous to driving a Chevy in the midwest.
August 23, 2007 at 7:40 AM #79657AnonymousGuestfat-lazy, who else makes a bi-turbo besides BMW/Mercedes/Porsche? I’m in the market for a new turbo coupe/sedan but regardless of how much money I make in the market I’m not thrilled about driving one of the overpriced German cars. Those are so common here in San Diego that it is analogous to driving a Chevy in the midwest.
August 23, 2007 at 7:40 AM #79679AnonymousGuestfat-lazy, who else makes a bi-turbo besides BMW/Mercedes/Porsche? I’m in the market for a new turbo coupe/sedan but regardless of how much money I make in the market I’m not thrilled about driving one of the overpriced German cars. Those are so common here in San Diego that it is analogous to driving a Chevy in the midwest.
August 23, 2007 at 8:26 AM #79576CoronitaParticipantAudi *use* to have a bi turbo in the S4. No longer. Now it's a v8. Too many people complained about the maintanence.
All recent VW/Audis with a 2.0T (single turbo), which isn't bad and it's pretty tunable by several tuners.
BMW 335i is a bi-turbo. Reliability is still to be proven, because this is a first generation engine Drove the car, like it (near as fast as the outcoming e46 m3) Unfortunately, most people who get a 335 have no clue about the car itself, so I don't like the stigma. Plus bmw likes to nickel and dime you (they probably charge for the air you breathe inside the cabin). Also, I don't like how you can't do basic maintanence (you can't check the oil easily). Also, driving without a spare bothers me (3 series all use run-flats and don't come with spares.)
Other than that, I'm not aware of any other cars these days that are bi-turboed, just single turbo, though turbo lag really isn't an issue these days unless you run a modified larger turbo.
Other choices I personally like as a hoodlem car:
WRX STi (if you don't mind the way it looks)
Mitsubishi EVO (if you don't mind the way it looks)
If I had to get something right now, I'd probably get an Audi A3 or the 08 TT with the 2.0T. Not too pricy, and decent performance, plus very tunable by several VAG tuners. But, personally, I'm waiting for the A5/S5/RS5, which will be about the right time since my cars run on a 10year lifecycle. Only issue is I believe both are only available FWD, not AWD (could be wrong though).
August 23, 2007 at 8:26 AM #79727CoronitaParticipantAudi *use* to have a bi turbo in the S4. No longer. Now it's a v8. Too many people complained about the maintanence.
All recent VW/Audis with a 2.0T (single turbo), which isn't bad and it's pretty tunable by several tuners.
BMW 335i is a bi-turbo. Reliability is still to be proven, because this is a first generation engine Drove the car, like it (near as fast as the outcoming e46 m3) Unfortunately, most people who get a 335 have no clue about the car itself, so I don't like the stigma. Plus bmw likes to nickel and dime you (they probably charge for the air you breathe inside the cabin). Also, I don't like how you can't do basic maintanence (you can't check the oil easily). Also, driving without a spare bothers me (3 series all use run-flats and don't come with spares.)
Other than that, I'm not aware of any other cars these days that are bi-turboed, just single turbo, though turbo lag really isn't an issue these days unless you run a modified larger turbo.
Other choices I personally like as a hoodlem car:
WRX STi (if you don't mind the way it looks)
Mitsubishi EVO (if you don't mind the way it looks)
If I had to get something right now, I'd probably get an Audi A3 or the 08 TT with the 2.0T. Not too pricy, and decent performance, plus very tunable by several VAG tuners. But, personally, I'm waiting for the A5/S5/RS5, which will be about the right time since my cars run on a 10year lifecycle. Only issue is I believe both are only available FWD, not AWD (could be wrong though).
August 23, 2007 at 8:26 AM #79704CoronitaParticipantAudi *use* to have a bi turbo in the S4. No longer. Now it's a v8. Too many people complained about the maintanence.
All recent VW/Audis with a 2.0T (single turbo), which isn't bad and it's pretty tunable by several tuners.
BMW 335i is a bi-turbo. Reliability is still to be proven, because this is a first generation engine Drove the car, like it (near as fast as the outcoming e46 m3) Unfortunately, most people who get a 335 have no clue about the car itself, so I don't like the stigma. Plus bmw likes to nickel and dime you (they probably charge for the air you breathe inside the cabin). Also, I don't like how you can't do basic maintanence (you can't check the oil easily). Also, driving without a spare bothers me (3 series all use run-flats and don't come with spares.)
Other than that, I'm not aware of any other cars these days that are bi-turboed, just single turbo, though turbo lag really isn't an issue these days unless you run a modified larger turbo.
Other choices I personally like as a hoodlem car:
WRX STi (if you don't mind the way it looks)
Mitsubishi EVO (if you don't mind the way it looks)
If I had to get something right now, I'd probably get an Audi A3 or the 08 TT with the 2.0T. Not too pricy, and decent performance, plus very tunable by several VAG tuners. But, personally, I'm waiting for the A5/S5/RS5, which will be about the right time since my cars run on a 10year lifecycle. Only issue is I believe both are only available FWD, not AWD (could be wrong though).
August 23, 2007 at 9:15 AM #79763justmeParticipantThe finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.
Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.—
Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.
If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.
—
Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.
August 23, 2007 at 9:15 AM #79740justmeParticipantThe finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.
Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.—
Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.
If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.
—
Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.
August 23, 2007 at 9:15 AM #79612justmeParticipantThe finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.
Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.—
Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.
If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.
—
Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.
August 23, 2007 at 11:05 AM #79738bsrsharmaParticipantI watched Angelo Mozilo being interviewed (by Maria Bartiromo) this morning on CNBC. He was quite good, gave direct answers, sounded smart.
Key takeaways:
1. He can’t say for certain CFC will not end up in bankruptcy. But he hedged somewhat by saying, the probability is not higher than, say, 6 months or year back.
2. This is important – He said he has no clue as to what is happening in the credit market. He felt the $ amount in subprimes is too small to create this universal crisis of confidence in debt. He thinks the situation is serious but does not believe there is some way to fix things. He says he has not seen anything like this (loss of trust) in 55 years of lending business.
3. This is a very interesting comment: “Real estate always takes us into a Recession or out of a Recession”. The corollary seems to be he is certain that a Recession is inevitable.
Watch it: http://www.cnbc.com/id/15840232?video=481763309&play=1
Somewhat scary to hear a usually optimistic guy sound so gloomy – not just about CFC’s future – but about US economy.
August 23, 2007 at 11:05 AM #79887bsrsharmaParticipantI watched Angelo Mozilo being interviewed (by Maria Bartiromo) this morning on CNBC. He was quite good, gave direct answers, sounded smart.
Key takeaways:
1. He can’t say for certain CFC will not end up in bankruptcy. But he hedged somewhat by saying, the probability is not higher than, say, 6 months or year back.
2. This is important – He said he has no clue as to what is happening in the credit market. He felt the $ amount in subprimes is too small to create this universal crisis of confidence in debt. He thinks the situation is serious but does not believe there is some way to fix things. He says he has not seen anything like this (loss of trust) in 55 years of lending business.
3. This is a very interesting comment: “Real estate always takes us into a Recession or out of a Recession”. The corollary seems to be he is certain that a Recession is inevitable.
Watch it: http://www.cnbc.com/id/15840232?video=481763309&play=1
Somewhat scary to hear a usually optimistic guy sound so gloomy – not just about CFC’s future – but about US economy.
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