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Nancy_s soothsayer
ParticipantYes, Perry, in my household universe, Nancy is the guiding ship of all things financial. Good thing I read and contribute to this blog while the mathematical-genius spouse sticks only to software engineering. Our net worth has only expanded so far guided by my trusty crystal ball. Nancy, a petite, Catherine Zeta-Jones Asian look-alike, is no reckless, bling-bling, wussy.
ParticipantYes, Perry, in my household universe, Nancy is the guiding ship of all things financial. Good thing I read and contribute to this blog while the mathematical-genius spouse sticks only to software engineering. Our net worth has only expanded so far guided by my trusty crystal ball. Nancy, a petite, Catherine Zeta-Jones Asian look-alike, is no reckless, bling-bling, wussy.
ParticipantYes, Perry, in my household universe, Nancy is the guiding ship of all things financial. Good thing I read and contribute to this blog while the mathematical-genius spouse sticks only to software engineering. Our net worth has only expanded so far guided by my trusty crystal ball. Nancy, a petite, Catherine Zeta-Jones Asian look-alike, is no reckless, bling-bling, wussy.
Participant“(Remember that most of the failed mortgages that we are always talking about on Piggington have been sold off to investors. There losses are seperate from what the fed is trying to deal with here.)”
How we casually treat these investors (the bagholders) as if they don’t deserve much weight or are inconsequential in the whole scheme of things is almost immoral. They were just there to help Americans buy into the stupid “American Dream”. And now they are getting abused and fleeced. They trusted Wall Street; they got sold “investment-grade” assets. Now they wake up to find out Wall Street is really full of lying robber-baron bastards.
The best cure that the Bush Inc. could mete out is to parade the CEO’s and top dogs of these lying, conning, entities in front of the world and give them the most public humiliation.
In China, they would be shot. Here, a similar more humane public humiliation is necessary, if there is such a thing. For one, make them give back all the fraudulent wealth they have amassed – take CFC’s Mozillo for instance. Insider trading is a good start to charge him with to haul him off to prison pronto.
What the Fed is doing now – bailing out these bastards – is almost sickening to these investors.
Participant“(Remember that most of the failed mortgages that we are always talking about on Piggington have been sold off to investors. There losses are seperate from what the fed is trying to deal with here.)”
How we casually treat these investors (the bagholders) as if they don’t deserve much weight or are inconsequential in the whole scheme of things is almost immoral. They were just there to help Americans buy into the stupid “American Dream”. And now they are getting abused and fleeced. They trusted Wall Street; they got sold “investment-grade” assets. Now they wake up to find out Wall Street is really full of lying robber-baron bastards.
The best cure that the Bush Inc. could mete out is to parade the CEO’s and top dogs of these lying, conning, entities in front of the world and give them the most public humiliation.
In China, they would be shot. Here, a similar more humane public humiliation is necessary, if there is such a thing. For one, make them give back all the fraudulent wealth they have amassed – take CFC’s Mozillo for instance. Insider trading is a good start to charge him with to haul him off to prison pronto.
What the Fed is doing now – bailing out these bastards – is almost sickening to these investors.
Participant“(Remember that most of the failed mortgages that we are always talking about on Piggington have been sold off to investors. There losses are seperate from what the fed is trying to deal with here.)”
How we casually treat these investors (the bagholders) as if they don’t deserve much weight or are inconsequential in the whole scheme of things is almost immoral. They were just there to help Americans buy into the stupid “American Dream”. And now they are getting abused and fleeced. They trusted Wall Street; they got sold “investment-grade” assets. Now they wake up to find out Wall Street is really full of lying robber-baron bastards.
The best cure that the Bush Inc. could mete out is to parade the CEO’s and top dogs of these lying, conning, entities in front of the world and give them the most public humiliation.
In China, they would be shot. Here, a similar more humane public humiliation is necessary, if there is such a thing. For one, make them give back all the fraudulent wealth they have amassed – take CFC’s Mozillo for instance. Insider trading is a good start to charge him with to haul him off to prison pronto.
What the Fed is doing now – bailing out these bastards – is almost sickening to these investors.
ParticipantBugs, thank you, as always. You are the Sage! I respect your posts a great deal.
Perry, I tell you what. There was one time a year ago, poster PD accused me as the same person as Powayseller, posting under different monikers. Too funny. Powayseller and I are like geographically 3,500 miles away from each other. I did not refute it because in my mind, it was moot.
ParticipantBugs, thank you, as always. You are the Sage! I respect your posts a great deal.
Perry, I tell you what. There was one time a year ago, poster PD accused me as the same person as Powayseller, posting under different monikers. Too funny. Powayseller and I are like geographically 3,500 miles away from each other. I did not refute it because in my mind, it was moot.
ParticipantBugs, thank you, as always. You are the Sage! I respect your posts a great deal.
Perry, I tell you what. There was one time a year ago, poster PD accused me as the same person as Powayseller, posting under different monikers. Too funny. Powayseller and I are like geographically 3,500 miles away from each other. I did not refute it because in my mind, it was moot.
Participant“When people were buying in 2004-2005 did people call them dumb at the time?”
I did, too. Yes, sir, indeeedee. They were dumb.
Like Ex-SD, we sold in 2005.
Like Ex-SD, we moved away from San Diego.
Like EX-SD, we have a son in San Diego.We bought a huge brand new house in green, rain-soaked Central Texas. At $70 per-sqft. Cash.
Hey Ex-SD, are we long lost twins? Dopelgangers (sp)?
Participant“When people were buying in 2004-2005 did people call them dumb at the time?”
I did, too. Yes, sir, indeeedee. They were dumb.
Like Ex-SD, we sold in 2005.
Like Ex-SD, we moved away from San Diego.
Like EX-SD, we have a son in San Diego.We bought a huge brand new house in green, rain-soaked Central Texas. At $70 per-sqft. Cash.
Hey Ex-SD, are we long lost twins? Dopelgangers (sp)?
Participant“When people were buying in 2004-2005 did people call them dumb at the time?”
I did, too. Yes, sir, indeeedee. They were dumb.
Like Ex-SD, we sold in 2005.
Like Ex-SD, we moved away from San Diego.
Like EX-SD, we have a son in San Diego.We bought a huge brand new house in green, rain-soaked Central Texas. At $70 per-sqft. Cash.
Hey Ex-SD, are we long lost twins? Dopelgangers (sp)?
ParticipantIniles, thanks for the NCUA link. I am glad to know that Navy Federal (Virginia) is top of the list or Number One. Not to gloat but we have more than 300K in NFCU in various accounts (IRA’s, CD’s, Savings, etc.), so I was a bit concerned too. We also bank with Wells Fargo and Citibank. We tried to diversify.
Our 401K’s have sufferred loses these past several weeks. I could check the ever-changing 401K balances online everyday, but what’s the point. It gets depressing to see conservative 401K accounts diminish everyday. Our 401k’s are with Fidelity, Prudential, and Mitchell Benefit. I am sure I am not the only one who worries about 401K balances and defined benefit pension plans negatively affected. Will the promised nest eggs still be there when it is time to collect?
ParticipantIniles, thanks for the NCUA link. I am glad to know that Navy Federal (Virginia) is top of the list or Number One. Not to gloat but we have more than 300K in NFCU in various accounts (IRA’s, CD’s, Savings, etc.), so I was a bit concerned too. We also bank with Wells Fargo and Citibank. We tried to diversify.
Our 401K’s have sufferred loses these past several weeks. I could check the ever-changing 401K balances online everyday, but what’s the point. It gets depressing to see conservative 401K accounts diminish everyday. Our 401k’s are with Fidelity, Prudential, and Mitchell Benefit. I am sure I am not the only one who worries about 401K balances and defined benefit pension plans negatively affected. Will the promised nest eggs still be there when it is time to collect?
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