[Bubblesitter]

This Millenium band sounds very high risk.

Hat tip to Davidt1…….

http://www.fatwallet.com/forums/arcmessageview.php?catid=52&threadid=667…

http://www.bankaholic.com/2006/millenium-bank-900-5-year-best-cd-rate/

If you have more than 100K and are concerned about your deposits, spread it among a number of banking institutions. I would feed much safer in CW bank than Millenium

As the old adage goes, if it sounds too good to be true, it probably is!. 7%+ return on a CD is too good to be true!

[Bubblesitter]

I think that this credit crunch crisis is getting more water cooler talk. Most folks still don’t seem to grasp what is going on.

Please review every prospectus in your 401K/403B and taxable accounts. You may be suprised to find many “safe” bond funds of these have heavy holdings of MBS – Mortgage backed securities.

As a measure of how risk averse I am now, I have even shifted money out of Money Market Funds in my multiple 401K accounts. Although safer than bond funds, some of these MM funds are loaded with an unknown amount of potentially risky asset-backed securities and other “paper” that could be pulled down by the mortgage mess. I shifted all of these assets into Govt treasuries.

I have scrubbed and rescrubbed my entire portfolio to ensure minimal exposure to MBS and associated fallout. Are you folks doing similar things?

[Bubblesitter]

I think that this credit crunch crisis is getting more water cooler talk. Most folks still don’t seem to grasp what is going on.

Please review every prospectus in your 401K/403B and taxable accounts. You may be suprised to find many “safe” bond funds of these have heavy holdings of MBS – Mortgage backed securities.

As a measure of how risk averse I am now, I have even shifted money out of Money Market Funds in my multiple 401K accounts. Although safer than bond funds, some of these MM funds are loaded with an unknown amount of potentially risky asset-backed securities and other “paper” that could be pulled down by the mortgage mess. I shifted all of these assets into Govt treasuries.

I have scrubbed and rescrubbed my entire portfolio to ensure minimal exposure to MBS and associated fallout. Are you folks doing similar things?

[Bubblesitter]

I think that this credit crunch crisis is getting more water cooler talk. Most folks still don’t seem to grasp what is going on.

Please review every prospectus in your 401K/403B and taxable accounts. You may be suprised to find many “safe” bond funds of these have heavy holdings of MBS – Mortgage backed securities.

As a measure of how risk averse I am now, I have even shifted money out of Money Market Funds in my multiple 401K accounts. Although safer than bond funds, some of these MM funds are loaded with an unknown amount of potentially risky asset-backed securities and other “paper” that could be pulled down by the mortgage mess. I shifted all of these assets into Govt treasuries.

I have scrubbed and rescrubbed my entire portfolio to ensure minimal exposure to MBS and associated fallout. Are you folks doing similar things?

[Bubblesitter]

The FDIC limit is 100K. Anybody with a large account in CW Bank is risking losing that balance over $100K.

This is essentially a run on the bank, very rarely seen and very disturbing. The savings and loan crisis in the 80s, and Great Depression banking system collapse saw widespread runs on banks.

http://www.latimes.com/business/printedition/la-fi-countrywide17aug17,0,5944637.story?coll=la-headlines-pe-business

[Bubblesitter]

The FDIC limit is 100K. Anybody with a large account in CW Bank is risking losing that balance over $100K.

This is essentially a run on the bank, very rarely seen and very disturbing. The savings and loan crisis in the 80s, and Great Depression banking system collapse saw widespread runs on banks.

http://www.latimes.com/business/printedition/la-fi-countrywide17aug17,0,5944637.story?coll=la-headlines-pe-business

[Bubblesitter]

The FDIC limit is 100K. Anybody with a large account in CW Bank is risking losing that balance over $100K.

This is essentially a run on the bank, very rarely seen and very disturbing. The savings and loan crisis in the 80s, and Great Depression banking system collapse saw widespread runs on banks.

http://www.latimes.com/business/printedition/la-fi-countrywide17aug17,0,5944637.story?coll=la-headlines-pe-business

[Bubblesitter]

Good one Temeculaguy.

We salute you Sign Twirlers. You master of the twirl. Your masterful physical artwork has lured many a curious onlooker!

[Bubblesitter]

Good one Temeculaguy.

We salute you Sign Twirlers. You master of the twirl. Your masterful physical artwork has lured many a curious onlooker!

[Bubblesitter]

Good one Temeculaguy.

We salute you Sign Twirlers. You master of the twirl. Your masterful physical artwork has lured many a curious onlooker!

[Bubblesitter]

Gotta love Schumpeter’s “Creative destruction”. Other Schumpeter’s theory examples include the invention of the car that put the horse buggy whip makers out of business. The problem is it this housing crash will be painful for all in the next few years.

Here’s another….
We salute home builders who artificially kept sale pricing high while giving away tens of thousands of dollars in “upgrades”

[Bubblesitter]

Gotta love Schumpeter’s “Creative destruction”. Other Schumpeter’s theory examples include the invention of the car that put the horse buggy whip makers out of business. The problem is it this housing crash will be painful for all in the next few years.

Here’s another….
We salute home builders who artificially kept sale pricing high while giving away tens of thousands of dollars in “upgrades”

[Bubblesitter]

Gotta love Schumpeter’s “Creative destruction”. Other Schumpeter’s theory examples include the invention of the car that put the horse buggy whip makers out of business. The problem is it this housing crash will be painful for all in the next few years.

Here’s another….
We salute home builders who artificially kept sale pricing high while giving away tens of thousands of dollars in “upgrades”

[Bubblesitter]

What a day on Wall street and the European exchanges. Tonight I’m watching the credit worries hit the Asia markets. The markets have been on a real roller coaster the past few weeks. In my opinion, the near/mid term upside potential for stock market is extremely poor. For those still on the coaster, you are in for a rough ride.

Are you folks reading Bloomberg? Businessweek? Marketwatch? Look what is going on! Nearly EVERY STORY is about the Credit Crunch, housing woes, etc. I talk to many folks who are completely unaware of what is going on. The average Joe seems to be oblivious to what is going on and the impact on his life. He will continue to be oblivous one day he notices his ARM resets, unable to refinance he goes into foreclosure. In 10 years, we will probably all look back and say “it was so obvious, how did we miss the elephant in the room?”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.pPEmZeZZCk&refer=home

[Bubblesitter]

What a day on Wall street and the European exchanges. Tonight I’m watching the credit worries hit the Asia markets. The markets have been on a real roller coaster the past few weeks. In my opinion, the near/mid term upside potential for stock market is extremely poor. For those still on the coaster, you are in for a rough ride.

Are you folks reading Bloomberg? Businessweek? Marketwatch? Look what is going on! Nearly EVERY STORY is about the Credit Crunch, housing woes, etc. I talk to many folks who are completely unaware of what is going on. The average Joe seems to be oblivious to what is going on and the impact on his life. He will continue to be oblivous one day he notices his ARM resets, unable to refinance he goes into foreclosure. In 10 years, we will probably all look back and say “it was so obvious, how did we miss the elephant in the room?”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.pPEmZeZZCk&refer=home

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