Why does Wall Street always get bailed out?

[NotCranky]

“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.

As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.

I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.

Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to all

[NeetaT]

JWM,

The currency is US dollars and the link is stated below.

http://www.mlnbank.com/Services/premCDs.htm

[NeetaT]

JWM,

The currency is US dollars and the link is stated below.

http://www.mlnbank.com/Services/premCDs.htm

[NeetaT]

JWM,

The currency is US dollars and the link is stated below.

http://www.mlnbank.com/Services/premCDs.htm

[San Diego Native]

Totally agree sdrealtor.

Thousands of people in San Diego purchased their homes years ago, (we did, even though we’re still in our 40’s) did not HELOC themselves to death, saved a fortune, and are enjoying their lives.

[San Diego Native]

Totally agree sdrealtor.

Thousands of people in San Diego purchased their homes years ago, (we did, even though we’re still in our 40’s) did not HELOC themselves to death, saved a fortune, and are enjoying their lives.

[San Diego Native]

Totally agree sdrealtor.

Thousands of people in San Diego purchased their homes years ago, (we did, even though we’re still in our 40’s) did not HELOC themselves to death, saved a fortune, and are enjoying their lives.

[Coronita]

They pay medical when you submit a claim and do not wait for all the deductions. If you use your entire election by February for example, they reimburse you the whole enchilada BEFORE they deduct from your paycheck. Only the dependent care claims are subject to waiting until they have actually been deducted from your check.

 

I can confirm this. In fact, things are interesting if you signed up of medical expense account, submit and get your claim for the full amount, and pay into the account per pay period therafter.

If you signed up for a $3000 account for that year, you have access to the full amount. But you pay into the account per pay period, for the rest of the year…The implications of spending your account and leaving the employer before the full year is over is left as an exercise for the reader.

 

[Coronita]

They pay medical when you submit a claim and do not wait for all the deductions. If you use your entire election by February for example, they reimburse you the whole enchilada BEFORE they deduct from your paycheck. Only the dependent care claims are subject to waiting until they have actually been deducted from your check.

 

I can confirm this. In fact, things are interesting if you signed up of medical expense account, submit and get your claim for the full amount, and pay into the account per pay period therafter.

If you signed up for a $3000 account for that year, you have access to the full amount. But you pay into the account per pay period, for the rest of the year…The implications of spending your account and leaving the employer before the full year is over is left as an exercise for the reader.

 

[Coronita]

They pay medical when you submit a claim and do not wait for all the deductions. If you use your entire election by February for example, they reimburse you the whole enchilada BEFORE they deduct from your paycheck. Only the dependent care claims are subject to waiting until they have actually been deducted from your check.

 

I can confirm this. In fact, things are interesting if you signed up of medical expense account, submit and get your claim for the full amount, and pay into the account per pay period therafter.

If you signed up for a $3000 account for that year, you have access to the full amount. But you pay into the account per pay period, for the rest of the year…The implications of spending your account and leaving the employer before the full year is over is left as an exercise for the reader.

 

[SD Realtor]

FLU I think it depends on the administrator. Two years ago our company used an administrator that was pretty cool. They paid out 100% of the claim at the time it was submitted regardless of where your contribution balance was. They did this for medical and dependent care. Then our company switched to a different administrator. They sucked. They scrutinized the hell out of every claim, they were horrid and they did not pay out full payments to claims unless your contribution amounts covered them. Shortfalls were covered incrementally with every contribution extracted from your paycheck.

SD Realtor

[SD Realtor]

FLU I think it depends on the administrator. Two years ago our company used an administrator that was pretty cool. They paid out 100% of the claim at the time it was submitted regardless of where your contribution balance was. They did this for medical and dependent care. Then our company switched to a different administrator. They sucked. They scrutinized the hell out of every claim, they were horrid and they did not pay out full payments to claims unless your contribution amounts covered them. Shortfalls were covered incrementally with every contribution extracted from your paycheck.

SD Realtor

[SD Realtor]

FLU I think it depends on the administrator. Two years ago our company used an administrator that was pretty cool. They paid out 100% of the claim at the time it was submitted regardless of where your contribution balance was. They did this for medical and dependent care. Then our company switched to a different administrator. They sucked. They scrutinized the hell out of every claim, they were horrid and they did not pay out full payments to claims unless your contribution amounts covered them. Shortfalls were covered incrementally with every contribution extracted from your paycheck.

SD Realtor

[Coronita]

Thousands of people in San Diego purchased their homes years ago, (we did, even though we're still in our 40's) did not HELOC themselves to death, saved a fortune, and are enjoying their lives

 

And even some of us that purchased in 2004 with 30year jumbos $4000/month mortgages don't plan on selling. So we're stupid. Oh well. Cutting expenses out of everything is is just fine. Got cable tv for 2 weeks at $50/month recently. Worthless. Don't watch anything.

[Coronita]

Thousands of people in San Diego purchased their homes years ago, (we did, even though we're still in our 40's) did not HELOC themselves to death, saved a fortune, and are enjoying their lives

 

And even some of us that purchased in 2004 with 30year jumbos $4000/month mortgages don't plan on selling. So we're stupid. Oh well. Cutting expenses out of everything is is just fine. Got cable tv for 2 weeks at $50/month recently. Worthless. Don't watch anything.

[Author]

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