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Ex-SD.
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March 17, 2008 at 11:53 AM #172091March 17, 2008 at 12:04 PM #171677
Ex-SD
ParticipantHow much is GWB and the government screwing me? Let me count the ways…..
* We’re in a ridiculous war that we can’t win that costs well in excess of $100 billion per year.
* The government is printing money like a kid with a new color inkjet printer that he doesn’t have to buy the cartridges for and loaning it to banks that are using worthless mortgages from deadbeats as security.
* Some major Democratic players in the House don’t think that the government is doing enough to help the “poor foreclosed upon deadbeats” so they want to give them more money to bail them out.
* The Fed keeps dropping the interest rate that the banks borrow at and now, the usual foreign buyers of treasury notes aren’t buying anymore.
*Shall I go on? Why bother?……….Our elected officials are nothing more than a bunch of putzes who are turning America into a Universal joke. Anybody remember when the Euro was worth only .80 cents to the mighty US dollar? Can you imagine where this is going to wind up if the government doesn’t stop getting involved in the private market?March 17, 2008 at 12:04 PM #172009ParticipantHow much is GWB and the government screwing me? Let me count the ways…..
* We’re in a ridiculous war that we can’t win that costs well in excess of $100 billion per year.
* The government is printing money like a kid with a new color inkjet printer that he doesn’t have to buy the cartridges for and loaning it to banks that are using worthless mortgages from deadbeats as security.
* Some major Democratic players in the House don’t think that the government is doing enough to help the “poor foreclosed upon deadbeats” so they want to give them more money to bail them out.
* The Fed keeps dropping the interest rate that the banks borrow at and now, the usual foreign buyers of treasury notes aren’t buying anymore.
*Shall I go on? Why bother?……….Our elected officials are nothing more than a bunch of putzes who are turning America into a Universal joke. Anybody remember when the Euro was worth only .80 cents to the mighty US dollar? Can you imagine where this is going to wind up if the government doesn’t stop getting involved in the private market?March 17, 2008 at 12:04 PM #172014ParticipantHow much is GWB and the government screwing me? Let me count the ways…..
* We’re in a ridiculous war that we can’t win that costs well in excess of $100 billion per year.
* The government is printing money like a kid with a new color inkjet printer that he doesn’t have to buy the cartridges for and loaning it to banks that are using worthless mortgages from deadbeats as security.
* Some major Democratic players in the House don’t think that the government is doing enough to help the “poor foreclosed upon deadbeats” so they want to give them more money to bail them out.
* The Fed keeps dropping the interest rate that the banks borrow at and now, the usual foreign buyers of treasury notes aren’t buying anymore.
*Shall I go on? Why bother?……….Our elected officials are nothing more than a bunch of putzes who are turning America into a Universal joke. Anybody remember when the Euro was worth only .80 cents to the mighty US dollar? Can you imagine where this is going to wind up if the government doesn’t stop getting involved in the private market?March 17, 2008 at 12:04 PM #172036ParticipantHow much is GWB and the government screwing me? Let me count the ways…..
* We’re in a ridiculous war that we can’t win that costs well in excess of $100 billion per year.
* The government is printing money like a kid with a new color inkjet printer that he doesn’t have to buy the cartridges for and loaning it to banks that are using worthless mortgages from deadbeats as security.
* Some major Democratic players in the House don’t think that the government is doing enough to help the “poor foreclosed upon deadbeats” so they want to give them more money to bail them out.
* The Fed keeps dropping the interest rate that the banks borrow at and now, the usual foreign buyers of treasury notes aren’t buying anymore.
*Shall I go on? Why bother?……….Our elected officials are nothing more than a bunch of putzes who are turning America into a Universal joke. Anybody remember when the Euro was worth only .80 cents to the mighty US dollar? Can you imagine where this is going to wind up if the government doesn’t stop getting involved in the private market?March 17, 2008 at 12:04 PM #172114ParticipantHow much is GWB and the government screwing me? Let me count the ways…..
* We’re in a ridiculous war that we can’t win that costs well in excess of $100 billion per year.
* The government is printing money like a kid with a new color inkjet printer that he doesn’t have to buy the cartridges for and loaning it to banks that are using worthless mortgages from deadbeats as security.
* Some major Democratic players in the House don’t think that the government is doing enough to help the “poor foreclosed upon deadbeats” so they want to give them more money to bail them out.
* The Fed keeps dropping the interest rate that the banks borrow at and now, the usual foreign buyers of treasury notes aren’t buying anymore.
*Shall I go on? Why bother?……….Our elected officials are nothing more than a bunch of putzes who are turning America into a Universal joke. Anybody remember when the Euro was worth only .80 cents to the mighty US dollar? Can you imagine where this is going to wind up if the government doesn’t stop getting involved in the private market?March 17, 2008 at 12:07 PM #171682JWM in SD
ParticipantJWM in SD
GolfGal,
I interpreted your posts about the financial system to mean that the Fed’s actions kept us out of an immediate / short term cascading liquidity crisis that might have been brought on by letting BSC sink on it’s own accord. I could very well see that being the case. In the long wrong however, I don’t think it will prevent other IBs from failing due to solvency issues. But I doubt you would disagree with that either.March 17, 2008 at 12:07 PM #172013ParticipantJWM in SD
GolfGal,
I interpreted your posts about the financial system to mean that the Fed’s actions kept us out of an immediate / short term cascading liquidity crisis that might have been brought on by letting BSC sink on it’s own accord. I could very well see that being the case. In the long wrong however, I don’t think it will prevent other IBs from failing due to solvency issues. But I doubt you would disagree with that either.March 17, 2008 at 12:07 PM #172019ParticipantJWM in SD
GolfGal,
I interpreted your posts about the financial system to mean that the Fed’s actions kept us out of an immediate / short term cascading liquidity crisis that might have been brought on by letting BSC sink on it’s own accord. I could very well see that being the case. In the long wrong however, I don’t think it will prevent other IBs from failing due to solvency issues. But I doubt you would disagree with that either.March 17, 2008 at 12:07 PM #172041ParticipantJWM in SD
GolfGal,
I interpreted your posts about the financial system to mean that the Fed’s actions kept us out of an immediate / short term cascading liquidity crisis that might have been brought on by letting BSC sink on it’s own accord. I could very well see that being the case. In the long wrong however, I don’t think it will prevent other IBs from failing due to solvency issues. But I doubt you would disagree with that either.March 17, 2008 at 12:07 PM #172118ParticipantJWM in SD
GolfGal,
I interpreted your posts about the financial system to mean that the Fed’s actions kept us out of an immediate / short term cascading liquidity crisis that might have been brought on by letting BSC sink on it’s own accord. I could very well see that being the case. In the long wrong however, I don’t think it will prevent other IBs from failing due to solvency issues. But I doubt you would disagree with that either.March 17, 2008 at 12:09 PM #171687drunkle
Participant“be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.”
hey, i made a similar comment at another time and place. that despite “winning” on my bsc bet, it was still not a good thing; who’s going to cry all the way to the bank when there are no banks…
but, you came off as condescending with your “tisk tisk” type comments, the same type of comments people were making about others cheering the collapse in home prices.
fact is, these problems are massive and cannot be “fixed” except by definitive price corrections. period. there is no hope, no wishing, just facts. if everything collapses and short position wins are wiped out anyway, so be it. it won’t matter what you were betting on, 00 came up and god destroyed everyone. until that happens, it’s better to take action, hedge and be prepared than to quiver in fear, ignore your retirement account balance, be inactive and tisk tisk people for trying to take cover.
March 17, 2008 at 12:09 PM #172018Participant“be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.”
hey, i made a similar comment at another time and place. that despite “winning” on my bsc bet, it was still not a good thing; who’s going to cry all the way to the bank when there are no banks…
but, you came off as condescending with your “tisk tisk” type comments, the same type of comments people were making about others cheering the collapse in home prices.
fact is, these problems are massive and cannot be “fixed” except by definitive price corrections. period. there is no hope, no wishing, just facts. if everything collapses and short position wins are wiped out anyway, so be it. it won’t matter what you were betting on, 00 came up and god destroyed everyone. until that happens, it’s better to take action, hedge and be prepared than to quiver in fear, ignore your retirement account balance, be inactive and tisk tisk people for trying to take cover.
March 17, 2008 at 12:09 PM #172024Participant“be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.”
hey, i made a similar comment at another time and place. that despite “winning” on my bsc bet, it was still not a good thing; who’s going to cry all the way to the bank when there are no banks…
but, you came off as condescending with your “tisk tisk” type comments, the same type of comments people were making about others cheering the collapse in home prices.
fact is, these problems are massive and cannot be “fixed” except by definitive price corrections. period. there is no hope, no wishing, just facts. if everything collapses and short position wins are wiped out anyway, so be it. it won’t matter what you were betting on, 00 came up and god destroyed everyone. until that happens, it’s better to take action, hedge and be prepared than to quiver in fear, ignore your retirement account balance, be inactive and tisk tisk people for trying to take cover.
March 17, 2008 at 12:09 PM #172045Participant“be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.”
hey, i made a similar comment at another time and place. that despite “winning” on my bsc bet, it was still not a good thing; who’s going to cry all the way to the bank when there are no banks…
but, you came off as condescending with your “tisk tisk” type comments, the same type of comments people were making about others cheering the collapse in home prices.
fact is, these problems are massive and cannot be “fixed” except by definitive price corrections. period. there is no hope, no wishing, just facts. if everything collapses and short position wins are wiped out anyway, so be it. it won’t matter what you were betting on, 00 came up and god destroyed everyone. until that happens, it’s better to take action, hedge and be prepared than to quiver in fear, ignore your retirement account balance, be inactive and tisk tisk people for trying to take cover.
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