[UCGal]

I heard an interesting observation yesterday…

When the coal mine collapsed, killing those miners, there was outrage against the company for short cuts on safety, it was called murder… President Obama attended the funeral.

When the platform blew up – lives were lost. Again there are signs of shortcuts on safety… it might have been preventable. But no one is calling it murder, the President didn’t reach out to the families, etc.

I voted for Obama, but I see some hypocrisy here.

[UCGal]

I heard an interesting observation yesterday…

When the coal mine collapsed, killing those miners, there was outrage against the company for short cuts on safety, it was called murder… President Obama attended the funeral.

When the platform blew up – lives were lost. Again there are signs of shortcuts on safety… it might have been preventable. But no one is calling it murder, the President didn’t reach out to the families, etc.

I voted for Obama, but I see some hypocrisy here.

[UCGal]

I heard an interesting observation yesterday…

When the coal mine collapsed, killing those miners, there was outrage against the company for short cuts on safety, it was called murder… President Obama attended the funeral.

When the platform blew up – lives were lost. Again there are signs of shortcuts on safety… it might have been preventable. But no one is calling it murder, the President didn’t reach out to the families, etc.

I voted for Obama, but I see some hypocrisy here.

[UCGal]

semi hijack…

What say you folks about the House bill HR 1207 and Senate bill S 604.

These are the companion bills to audit the Fed more openly. I think we can all agree that the Fed has *some* auditing going on. Should there be a more open/broad audit?

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“Federal Reserve Transparency Act of 2009”, introduced in the House by Rep. Ron Paul, currently languishing in committee. Has 319 cosponsors.

http://www.govtrack.us/congress/bill.xpd?bill=s111-604
“Federal Reserve Sunshine Act of 2009”
introduced by Sen. Bernie Sanders, currently languishing in committee. Has 32 cosponsors.

Looking at the cosponsors – it’s got bipartison support… But looking at the status… It’s probably dead in committee.

[UCGal]

semi hijack…

What say you folks about the House bill HR 1207 and Senate bill S 604.

These are the companion bills to audit the Fed more openly. I think we can all agree that the Fed has *some* auditing going on. Should there be a more open/broad audit?

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“Federal Reserve Transparency Act of 2009”, introduced in the House by Rep. Ron Paul, currently languishing in committee. Has 319 cosponsors.

http://www.govtrack.us/congress/bill.xpd?bill=s111-604
“Federal Reserve Sunshine Act of 2009”
introduced by Sen. Bernie Sanders, currently languishing in committee. Has 32 cosponsors.

Looking at the cosponsors – it’s got bipartison support… But looking at the status… It’s probably dead in committee.

[UCGal]

semi hijack…

What say you folks about the House bill HR 1207 and Senate bill S 604.

These are the companion bills to audit the Fed more openly. I think we can all agree that the Fed has *some* auditing going on. Should there be a more open/broad audit?

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“Federal Reserve Transparency Act of 2009”, introduced in the House by Rep. Ron Paul, currently languishing in committee. Has 319 cosponsors.

http://www.govtrack.us/congress/bill.xpd?bill=s111-604
“Federal Reserve Sunshine Act of 2009”
introduced by Sen. Bernie Sanders, currently languishing in committee. Has 32 cosponsors.

Looking at the cosponsors – it’s got bipartison support… But looking at the status… It’s probably dead in committee.

[UCGal]

semi hijack…

What say you folks about the House bill HR 1207 and Senate bill S 604.

These are the companion bills to audit the Fed more openly. I think we can all agree that the Fed has *some* auditing going on. Should there be a more open/broad audit?

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“Federal Reserve Transparency Act of 2009”, introduced in the House by Rep. Ron Paul, currently languishing in committee. Has 319 cosponsors.

http://www.govtrack.us/congress/bill.xpd?bill=s111-604
“Federal Reserve Sunshine Act of 2009”
introduced by Sen. Bernie Sanders, currently languishing in committee. Has 32 cosponsors.

Looking at the cosponsors – it’s got bipartison support… But looking at the status… It’s probably dead in committee.

[UCGal]

semi hijack…

What say you folks about the House bill HR 1207 and Senate bill S 604.

These are the companion bills to audit the Fed more openly. I think we can all agree that the Fed has *some* auditing going on. Should there be a more open/broad audit?

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“Federal Reserve Transparency Act of 2009”, introduced in the House by Rep. Ron Paul, currently languishing in committee. Has 319 cosponsors.

http://www.govtrack.us/congress/bill.xpd?bill=s111-604
“Federal Reserve Sunshine Act of 2009”
introduced by Sen. Bernie Sanders, currently languishing in committee. Has 32 cosponsors.

Looking at the cosponsors – it’s got bipartison support… But looking at the status… It’s probably dead in committee.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

To the OP
Are you planning on staying in the home long term (7 years or longer.) ?
Does the house meet your needs?
Do you have a contingency savings account in case of job loss or need for a new roof, etc…?

Will you be happier in the house, living there, paying your mortgage, or happier renting.

I know it’s not a popular view on this board, but I keep espousing my view: You should purchase a home, not an investment when you’re buying a house.

Does it provide shelter in a form that won’t leave you broke and/or full of regrets? Will your quality of life be better or worse if you buy?

Forget trying to time the market… figure out if you can afford to live in it… If you’re buying the house to live in, long term, then you don’t have to worry about whether this is the absolute bottom or somewhere in the middle.

That said – if you’re plan is to trade it on a bigger/newer/more expensive home in a few years… then my advise doesn’t apply… and I’d advise you to keep renting… you’re gambling your downpayment if you’re buying short term.

[UCGal]

To the OP
Are you planning on staying in the home long term (7 years or longer.) ?
Does the house meet your needs?
Do you have a contingency savings account in case of job loss or need for a new roof, etc…?

Will you be happier in the house, living there, paying your mortgage, or happier renting.

I know it’s not a popular view on this board, but I keep espousing my view: You should purchase a home, not an investment when you’re buying a house.

Does it provide shelter in a form that won’t leave you broke and/or full of regrets? Will your quality of life be better or worse if you buy?

Forget trying to time the market… figure out if you can afford to live in it… If you’re buying the house to live in, long term, then you don’t have to worry about whether this is the absolute bottom or somewhere in the middle.

That said – if you’re plan is to trade it on a bigger/newer/more expensive home in a few years… then my advise doesn’t apply… and I’d advise you to keep renting… you’re gambling your downpayment if you’re buying short term.

[Author]

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