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bsrsharma
ParticipantCitigroup has proposed the creation of a "superconduit" that would issue short-term debt and buy assets currently held by SIVs affiliated with the participating banks, the Journal reported.
So replacing SIVs with a SuperConduit will solve liquidity problem? If they can't sell SIV bonds, how can they sell Superconduit bonds? Pig in a Poke, anyone?
Importantly, none of these Ponzi tricks can solve the Fundamental problem, which is:
Between 2006 to 2010, the National "Wealth" is going to decrease by 50%. Yes, you read it right, because most of the national "Wealth" is equity in homes. How can this huge "destruction" of wealth be made invisible? I have put quotes to show that this bulking up of wealth was illusory and the loss is also illusory. But the effects of the loss can't be hidden anymore than the effects of gains were hidden.
ParticipantCitigroup has proposed the creation of a "superconduit" that would issue short-term debt and buy assets currently held by SIVs affiliated with the participating banks, the Journal reported.
So replacing SIVs with a SuperConduit will solve liquidity problem? If they can't sell SIV bonds, how can they sell Superconduit bonds? Pig in a Poke, anyone?
Importantly, none of these Ponzi tricks can solve the Fundamental problem, which is:
Between 2006 to 2010, the National "Wealth" is going to decrease by 50%. Yes, you read it right, because most of the national "Wealth" is equity in homes. How can this huge "destruction" of wealth be made invisible? I have put quotes to show that this bulking up of wealth was illusory and the loss is also illusory. But the effects of the loss can't be hidden anymore than the effects of gains were hidden.
ParticipantI have one of them.
What is the use? I know some people have taken out this 'anticipatory' HELOCs. I never figured out a reason. BTW, how much does it cost? (setup & to hold)
ParticipantI have one of them.
What is the use? I know some people have taken out this 'anticipatory' HELOCs. I never figured out a reason. BTW, how much does it cost? (setup & to hold)
ParticipantI think you can pick it up for 250K or less before Dec 2009.
ParticipantI think you can pick it up for 250K or less before Dec 2009.
Participantit would be a short sale
Last sale on 10/31/2003 was for $494,621. So, did they borrow another $100K+ on top? Wow! a lot of middle and upper middle class families with negative net worth. That will hurt the economy quite a bit.
Participantit would be a short sale
Last sale on 10/31/2003 was for $494,621. So, did they borrow another $100K+ on top? Wow! a lot of middle and upper middle class families with negative net worth. That will hurt the economy quite a bit.
October 12, 2007 at 7:03 PM in reply to: OT: why do some american parents buy their minors guns? #88605Participantcompletely eliminate deviant or stupid people before they procreate
Wow! Not OK; I can settle for sterilization though!
October 12, 2007 at 7:03 PM in reply to: OT: why do some american parents buy their minors guns? #88612Participantcompletely eliminate deviant or stupid people before they procreate
Wow! Not OK; I can settle for sterilization though!
October 12, 2007 at 4:55 PM in reply to: OT: why do some american parents buy their minors guns? #88584Participantold enough to even buy a beer
I too see problems with this. No Beer or Cigarette allowed but Assault Rifles/Semiautomatics OK.
October 12, 2007 at 4:55 PM in reply to: OT: why do some american parents buy their minors guns? #88589Participantold enough to even buy a beer
I too see problems with this. No Beer or Cigarette allowed but Assault Rifles/Semiautomatics OK.
October 12, 2007 at 2:32 PM in reply to: OT: why do some american parents buy their minors guns? #88539Participantbuying a gun for a minor.
Cbad – Where do you stand on a parent buying a beer for a minor? I am assuming a minor can't buy either a beer or gun where you live.
October 12, 2007 at 2:32 PM in reply to: OT: why do some american parents buy their minors guns? #88546Participantbuying a gun for a minor.
Cbad – Where do you stand on a parent buying a beer for a minor? I am assuming a minor can't buy either a beer or gun where you live.
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