[equalizer]

A sad day for capitalism. Greed and envy has poisoned this country, including Piggs. Mr. Thain has accomplished so much in his career. And the common people decry him for some nice rugs in his office? Work harder people so you can get your own corner office.

It is people like him that built the bridges of money that allowed money to flow from stupid people to smart people like Thain and his smart friends. And he was brilliant enough to award bonuses to MER people before that commies at BOFA took over and stopped payments.

The people at MER work 70-80 hours a week to take money from stupid people and the jealous people of America wanted to deny them bonuses, which are used to pay millions in taxes for you lazy people. What incentive would they have to work??

Anybody would be proud to have just one one of these items on their resume.

Thain was a brilliant whiz kid who received his MIT degree at 22 and his Harvard MBA at 24. Mind you, they dont let stupid people anywhere on the MIT campus, unlike HBS who takes in C students.

He is a member of The MIT Corporation, the Dean’s Advisory Council – MIT/Sloan School of Management, INSEAD – U.S. National Advisory Board, the James Madison Council of the Library of Congress and the Federal Reserve Bank of New York’s International Capital Markets Advisory Committee. He is also a member of the French-American Foundation, and The Trilateral Commission, as well as a governor of the New York-Presbyterian Foundation, Inc., a trustee of New York-Presbyterian Hospital and a General Trustee of Howard University.

A former top executive at Goldman Sachs, Thain is considered to be an expert on technology systems and an astute manager of operations. When John A. Thain, was an executive at Goldman Sachs, he was successful enough in the firm to amass $300 million in stock.

Since taking over the N.Y.S.E. in January 2004, Thain has transformed the the world’s largest stock market. He inherited an institution still reeling from the scandal and ill will over the ouster of Richard Grasso as its chief executive. Thain led the exchange through its evolution from a clubby, not-for-profit organization to a publicly traded corporation. He engineered deals with Archipelago and with Euronext, which have made the New York exchange a more electronic, global platform for trading stocks and other products.

[equalizer]

[quote=barnaby33]Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”

By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.

Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.

Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.

529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.

Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh[/quote]
yeah, you got the joke.
My numbers are for typical Piggs, not middle class.
I’m sure someone can find the thread that discusses the numbers in detail. I was just stating that Pigg in my example cant shop at Nordies, which reinforces your view that bubbles everywhere.

[equalizer]

[quote=barnaby33]Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”

By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.

Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.

Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.

529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.

Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh[/quote]
yeah, you got the joke.
My numbers are for typical Piggs, not middle class.
I’m sure someone can find the thread that discusses the numbers in detail. I was just stating that Pigg in my example cant shop at Nordies, which reinforces your view that bubbles everywhere.

[equalizer]

[quote=barnaby33]Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”

By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.

Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.

Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.

529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.

Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh[/quote]
yeah, you got the joke.
My numbers are for typical Piggs, not middle class.
I’m sure someone can find the thread that discusses the numbers in detail. I was just stating that Pigg in my example cant shop at Nordies, which reinforces your view that bubbles everywhere.

[equalizer]

[quote=barnaby33]Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”

By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.

Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.

Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.

529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.

Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh[/quote]
yeah, you got the joke.
My numbers are for typical Piggs, not middle class.
I’m sure someone can find the thread that discusses the numbers in detail. I was just stating that Pigg in my example cant shop at Nordies, which reinforces your view that bubbles everywhere.

[equalizer]

[quote=barnaby33]Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”

By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.

Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.

Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.

529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.

Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh[/quote]
yeah, you got the joke.
My numbers are for typical Piggs, not middle class.
I’m sure someone can find the thread that discusses the numbers in detail. I was just stating that Pigg in my example cant shop at Nordies, which reinforces your view that bubbles everywhere.

[equalizer]

[quote=HereWeGo]30 year yield @ 2.98%.

Sell, sell, sell Mr. Secretary. Let’s refinance as much as we can while we can.[/quote]

Here, here. In fact, announce bad news every day and start selling 50 year and 100 yr notes. Then in 6 months, just announce revisions to the “terrible” news.

[equalizer]

[quote=HereWeGo]30 year yield @ 2.98%.

Sell, sell, sell Mr. Secretary. Let’s refinance as much as we can while we can.[/quote]

Here, here. In fact, announce bad news every day and start selling 50 year and 100 yr notes. Then in 6 months, just announce revisions to the “terrible” news.

[equalizer]

[quote=HereWeGo]30 year yield @ 2.98%.

Sell, sell, sell Mr. Secretary. Let’s refinance as much as we can while we can.[/quote]

Here, here. In fact, announce bad news every day and start selling 50 year and 100 yr notes. Then in 6 months, just announce revisions to the “terrible” news.

[equalizer]

[quote=HereWeGo]30 year yield @ 2.98%.

Sell, sell, sell Mr. Secretary. Let’s refinance as much as we can while we can.[/quote]

Here, here. In fact, announce bad news every day and start selling 50 year and 100 yr notes. Then in 6 months, just announce revisions to the “terrible” news.

[equalizer]

[quote=HereWeGo]30 year yield @ 2.98%.

Sell, sell, sell Mr. Secretary. Let’s refinance as much as we can while we can.[/quote]

Here, here. In fact, announce bad news every day and start selling 50 year and 100 yr notes. Then in 6 months, just announce revisions to the “terrible” news.

[equalizer]

[quote=fredo4]I’m a former teacher and IMO the biggest thing to look for in a school is parental involvement. It also helps if the school is hard to get in to whether it’s public or private. Schools that make you jump through a few hoops (with lotteries and other prerequisites) weed out the parents and kids that don’t care about education.

Personally, I’m a lot more concerned about the moral climate of a school than the academic climate, but the two often go hand in hand. I’m not nearly as concerned with my kids getting into elite colleges as I am with them doing well and becoming well rounded in high school.
I’ve seen too many people with elite college degrees who have done nothing with them.[/quote]
All good points. I know many people in college who slept through high school and aced college. They had IQs, but were lazy in high school. So need the genetic high IQ, HS is not really important unless you want Ivy League. Is Ivy league really worth it? The WSJ article doesn’t have third comparison which is in state school comparison. It would really tilt in favor of SDSU as long as you weren’t looking for special needs such as hanging with Georgetown beltway crowd, etc

http://wsjclassroom.com/archive/05mar/related_05mar_teacher_ivy.htm

I think you most of you are missing big picture which is grad/professional schools. Better to go to average school like SDSU and get 3.5GPA, then you could have much better chance to get into Harvard Med, then if you went to MIT Undergrad and get 2.0 GPA with same MCAT score. I’d pick the MIT grad, but enough colleges would pick SDSU grad.

[equalizer]

[quote=fredo4]I’m a former teacher and IMO the biggest thing to look for in a school is parental involvement. It also helps if the school is hard to get in to whether it’s public or private. Schools that make you jump through a few hoops (with lotteries and other prerequisites) weed out the parents and kids that don’t care about education.

Personally, I’m a lot more concerned about the moral climate of a school than the academic climate, but the two often go hand in hand. I’m not nearly as concerned with my kids getting into elite colleges as I am with them doing well and becoming well rounded in high school.
I’ve seen too many people with elite college degrees who have done nothing with them.[/quote]
All good points. I know many people in college who slept through high school and aced college. They had IQs, but were lazy in high school. So need the genetic high IQ, HS is not really important unless you want Ivy League. Is Ivy league really worth it? The WSJ article doesn’t have third comparison which is in state school comparison. It would really tilt in favor of SDSU as long as you weren’t looking for special needs such as hanging with Georgetown beltway crowd, etc

http://wsjclassroom.com/archive/05mar/related_05mar_teacher_ivy.htm

I think you most of you are missing big picture which is grad/professional schools. Better to go to average school like SDSU and get 3.5GPA, then you could have much better chance to get into Harvard Med, then if you went to MIT Undergrad and get 2.0 GPA with same MCAT score. I’d pick the MIT grad, but enough colleges would pick SDSU grad.

[equalizer]

[quote=fredo4]I’m a former teacher and IMO the biggest thing to look for in a school is parental involvement. It also helps if the school is hard to get in to whether it’s public or private. Schools that make you jump through a few hoops (with lotteries and other prerequisites) weed out the parents and kids that don’t care about education.

Personally, I’m a lot more concerned about the moral climate of a school than the academic climate, but the two often go hand in hand. I’m not nearly as concerned with my kids getting into elite colleges as I am with them doing well and becoming well rounded in high school.
I’ve seen too many people with elite college degrees who have done nothing with them.[/quote]
All good points. I know many people in college who slept through high school and aced college. They had IQs, but were lazy in high school. So need the genetic high IQ, HS is not really important unless you want Ivy League. Is Ivy league really worth it? The WSJ article doesn’t have third comparison which is in state school comparison. It would really tilt in favor of SDSU as long as you weren’t looking for special needs such as hanging with Georgetown beltway crowd, etc

http://wsjclassroom.com/archive/05mar/related_05mar_teacher_ivy.htm

I think you most of you are missing big picture which is grad/professional schools. Better to go to average school like SDSU and get 3.5GPA, then you could have much better chance to get into Harvard Med, then if you went to MIT Undergrad and get 2.0 GPA with same MCAT score. I’d pick the MIT grad, but enough colleges would pick SDSU grad.

[equalizer]

[quote=fredo4]I’m a former teacher and IMO the biggest thing to look for in a school is parental involvement. It also helps if the school is hard to get in to whether it’s public or private. Schools that make you jump through a few hoops (with lotteries and other prerequisites) weed out the parents and kids that don’t care about education.

Personally, I’m a lot more concerned about the moral climate of a school than the academic climate, but the two often go hand in hand. I’m not nearly as concerned with my kids getting into elite colleges as I am with them doing well and becoming well rounded in high school.
I’ve seen too many people with elite college degrees who have done nothing with them.[/quote]
All good points. I know many people in college who slept through high school and aced college. They had IQs, but were lazy in high school. So need the genetic high IQ, HS is not really important unless you want Ivy League. Is Ivy league really worth it? The WSJ article doesn’t have third comparison which is in state school comparison. It would really tilt in favor of SDSU as long as you weren’t looking for special needs such as hanging with Georgetown beltway crowd, etc

http://wsjclassroom.com/archive/05mar/related_05mar_teacher_ivy.htm

I think you most of you are missing big picture which is grad/professional schools. Better to go to average school like SDSU and get 3.5GPA, then you could have much better chance to get into Harvard Med, then if you went to MIT Undergrad and get 2.0 GPA with same MCAT score. I’d pick the MIT grad, but enough colleges would pick SDSU grad.

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