[DWCAP]

I think Xbox is onto something. The banks already tell everyone who will listen that they are overwhelmed and dont have the staff inplace to do all that the GOV wants.

Well, denying you, even at the injury of the company’s balance sheet, lessened the workload at the overworked servicers/modifing dept. This allows them to pass your file on, and work on the cases that may gain them some political traction. If they work with the people the bleeding hearts in congress are hearing from, they get less flack from congress and less political pressure. Congress doesnt care about you, they only care about the people who CANT afford to stay in the home but want to. (Those are the people who are complaining.)

Maybe in some sick way they are acting in the best interest of the bank, just in its political interest and not its financial one. Considering that the GOV owns alot of alot of different companies ( I think Chase got out from under their thumb a few weeks ago) it certainly is a good thing for the company to remain in political good graces. Besides they can always get more money from Unky Ben and the FED if they run out. I am sure he will take your soon to be foreclosed loan as good face value collateral.

[DWCAP]

I think Xbox is onto something. The banks already tell everyone who will listen that they are overwhelmed and dont have the staff inplace to do all that the GOV wants.

Well, denying you, even at the injury of the company’s balance sheet, lessened the workload at the overworked servicers/modifing dept. This allows them to pass your file on, and work on the cases that may gain them some political traction. If they work with the people the bleeding hearts in congress are hearing from, they get less flack from congress and less political pressure. Congress doesnt care about you, they only care about the people who CANT afford to stay in the home but want to. (Those are the people who are complaining.)

Maybe in some sick way they are acting in the best interest of the bank, just in its political interest and not its financial one. Considering that the GOV owns alot of alot of different companies ( I think Chase got out from under their thumb a few weeks ago) it certainly is a good thing for the company to remain in political good graces. Besides they can always get more money from Unky Ben and the FED if they run out. I am sure he will take your soon to be foreclosed loan as good face value collateral.

[DWCAP]

One quick question, maybe Rich or one of the financial guys on here knows this, but when do they adjust unemployment up? So far it seems that we constantly are living a version of ground hog day, where bad employment numbers come in, the government “adjusts” them either it be seasonally or by the oh so accurate ‘birth/death model, and then we see not so bad numbers come out.

Then things get worse; and more bad employment numbers come in. rinse-wash-repeat.

IF adjusting for ‘normal’layoffs is acceptable, then there would have to be a time when they ‘re-adjust’ the other way wouldnt there? Shouldnt the numbers in Aug-Sept be re-adjusted up to reflect the ‘normal’ re-hiring of the very workers we adjusted unemployment down for in July? Does this happen?

IF the birth/death model is a way of stastically catching up with problems tracking job creation in the economy, then wouldnt there have to be a time when normal trend is negative job growth and layoff numbers should be adjusted up? It seems to have happened in January, why are we getting superior ‘birth/death’ jobs now (as compared to last year) when the economy is worse?

[DWCAP]

One quick question, maybe Rich or one of the financial guys on here knows this, but when do they adjust unemployment up? So far it seems that we constantly are living a version of ground hog day, where bad employment numbers come in, the government “adjusts” them either it be seasonally or by the oh so accurate ‘birth/death model, and then we see not so bad numbers come out.

Then things get worse; and more bad employment numbers come in. rinse-wash-repeat.

IF adjusting for ‘normal’layoffs is acceptable, then there would have to be a time when they ‘re-adjust’ the other way wouldnt there? Shouldnt the numbers in Aug-Sept be re-adjusted up to reflect the ‘normal’ re-hiring of the very workers we adjusted unemployment down for in July? Does this happen?

IF the birth/death model is a way of stastically catching up with problems tracking job creation in the economy, then wouldnt there have to be a time when normal trend is negative job growth and layoff numbers should be adjusted up? It seems to have happened in January, why are we getting superior ‘birth/death’ jobs now (as compared to last year) when the economy is worse?

[DWCAP]

One quick question, maybe Rich or one of the financial guys on here knows this, but when do they adjust unemployment up? So far it seems that we constantly are living a version of ground hog day, where bad employment numbers come in, the government “adjusts” them either it be seasonally or by the oh so accurate ‘birth/death model, and then we see not so bad numbers come out.

Then things get worse; and more bad employment numbers come in. rinse-wash-repeat.

IF adjusting for ‘normal’layoffs is acceptable, then there would have to be a time when they ‘re-adjust’ the other way wouldnt there? Shouldnt the numbers in Aug-Sept be re-adjusted up to reflect the ‘normal’ re-hiring of the very workers we adjusted unemployment down for in July? Does this happen?

IF the birth/death model is a way of stastically catching up with problems tracking job creation in the economy, then wouldnt there have to be a time when normal trend is negative job growth and layoff numbers should be adjusted up? It seems to have happened in January, why are we getting superior ‘birth/death’ jobs now (as compared to last year) when the economy is worse?

[DWCAP]

One quick question, maybe Rich or one of the financial guys on here knows this, but when do they adjust unemployment up? So far it seems that we constantly are living a version of ground hog day, where bad employment numbers come in, the government “adjusts” them either it be seasonally or by the oh so accurate ‘birth/death model, and then we see not so bad numbers come out.

Then things get worse; and more bad employment numbers come in. rinse-wash-repeat.

IF adjusting for ‘normal’layoffs is acceptable, then there would have to be a time when they ‘re-adjust’ the other way wouldnt there? Shouldnt the numbers in Aug-Sept be re-adjusted up to reflect the ‘normal’ re-hiring of the very workers we adjusted unemployment down for in July? Does this happen?

IF the birth/death model is a way of stastically catching up with problems tracking job creation in the economy, then wouldnt there have to be a time when normal trend is negative job growth and layoff numbers should be adjusted up? It seems to have happened in January, why are we getting superior ‘birth/death’ jobs now (as compared to last year) when the economy is worse?

[DWCAP]

One quick question, maybe Rich or one of the financial guys on here knows this, but when do they adjust unemployment up? So far it seems that we constantly are living a version of ground hog day, where bad employment numbers come in, the government “adjusts” them either it be seasonally or by the oh so accurate ‘birth/death model, and then we see not so bad numbers come out.

Then things get worse; and more bad employment numbers come in. rinse-wash-repeat.

IF adjusting for ‘normal’layoffs is acceptable, then there would have to be a time when they ‘re-adjust’ the other way wouldnt there? Shouldnt the numbers in Aug-Sept be re-adjusted up to reflect the ‘normal’ re-hiring of the very workers we adjusted unemployment down for in July? Does this happen?

IF the birth/death model is a way of stastically catching up with problems tracking job creation in the economy, then wouldnt there have to be a time when normal trend is negative job growth and layoff numbers should be adjusted up? It seems to have happened in January, why are we getting superior ‘birth/death’ jobs now (as compared to last year) when the economy is worse?

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

I think some little part of MY American dream died when I read that. Maybe it was just cardiac arrest and could be rescued, but I kinda doubt it.

[DWCAP]

I think some little part of MY American dream died when I read that. Maybe it was just cardiac arrest and could be rescued, but I kinda doubt it.

[DWCAP]

I think some little part of MY American dream died when I read that. Maybe it was just cardiac arrest and could be rescued, but I kinda doubt it.

[Author]

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