[zzz]

Here is an article about Wells Fargo- WAMU is mentioned

Also an article on FDIC insurance – you’re supposed to get your money back in days, historically and theoretically.

http://online.barrons.com/article/SB120311984279372795.html

http://blogs.wsj.com/marketbeat/2007/11/12/fdic-mythbusters/

[zzz]

Here is an article about Wells Fargo- WAMU is mentioned

Also an article on FDIC insurance – you’re supposed to get your money back in days, historically and theoretically.

http://online.barrons.com/article/SB120311984279372795.html

http://blogs.wsj.com/marketbeat/2007/11/12/fdic-mythbusters/

[zzz]

Yield curve….which is no longer inverted for one. Mortgage rates – long term, say 15yr or 30yr fixed are tied to longer term treasury prices – the 10yr treasury price which is determined by bond traders.

See article: http://biz.yahoo.com/cnnm/080318/031408_ratecut_mortgages.html

[zzz]

Yield curve….which is no longer inverted for one. Mortgage rates – long term, say 15yr or 30yr fixed are tied to longer term treasury prices – the 10yr treasury price which is determined by bond traders.

See article: http://biz.yahoo.com/cnnm/080318/031408_ratecut_mortgages.html

[zzz]

Yield curve….which is no longer inverted for one. Mortgage rates – long term, say 15yr or 30yr fixed are tied to longer term treasury prices – the 10yr treasury price which is determined by bond traders.

See article: http://biz.yahoo.com/cnnm/080318/031408_ratecut_mortgages.html

[zzz]

Yield curve….which is no longer inverted for one. Mortgage rates – long term, say 15yr or 30yr fixed are tied to longer term treasury prices – the 10yr treasury price which is determined by bond traders.

See article: http://biz.yahoo.com/cnnm/080318/031408_ratecut_mortgages.html

[zzz]

Yield curve….which is no longer inverted for one. Mortgage rates – long term, say 15yr or 30yr fixed are tied to longer term treasury prices – the 10yr treasury price which is determined by bond traders.

See article: http://biz.yahoo.com/cnnm/080318/031408_ratecut_mortgages.html

[zzz]

EX-SD…the fire burns because we live in a debt ridden society and believe in the fundamentals of having debt. This isn’t about putting out the fire, its about trying to “contain” the fire the best we can. This is all about limiting – not fixing. There is no fix and never will be.

I doubt my personal ideology differs that greatly from what you taught your daughters regarding social and moral responsibility. The Feds actions don’t benefit me- I have no debt – therefore I’d rather see the dollar regain in value, I’d rather have interest rates increased. I benefit from stocks getting killed – it means I buy them cheaper and have the capital to do it. I don’t enjoy inflation nor that irresponsible borrowing and lending has led to homes that are overpriced. The more defaulting, the faster home prices will come down – all great things for me personally. However these benefits might also mean unemployment as businesses fail, which might affect me. I am sick of reading articles about how a possible recession means the minimum wage worker no longer goes to Starbucks “every” day to buy their latte, or how homeowners can’t make their mortgages along with their 50K in credit card debt, despite that on paper, if you work through the numbers, they make enough to cover their mortgage if they lived a bit more responsibly. But I can’t fix or change the way people live in debt – the system supports people’s belief in debt. Like Asia pointed out – if the Fed raises rates, it will help inflation – hurray for me – but also means more people lose their homes.

This issue isn’t about me or you, its about a larger system that albeit very broken, needs to be worked through in preferably a fashion that limits panic. I have no clue if what the Fed has done will help us avoid further catastrophes or rather just delay it.

[zzz]

EX-SD…the fire burns because we live in a debt ridden society and believe in the fundamentals of having debt. This isn’t about putting out the fire, its about trying to “contain” the fire the best we can. This is all about limiting – not fixing. There is no fix and never will be.

I doubt my personal ideology differs that greatly from what you taught your daughters regarding social and moral responsibility. The Feds actions don’t benefit me- I have no debt – therefore I’d rather see the dollar regain in value, I’d rather have interest rates increased. I benefit from stocks getting killed – it means I buy them cheaper and have the capital to do it. I don’t enjoy inflation nor that irresponsible borrowing and lending has led to homes that are overpriced. The more defaulting, the faster home prices will come down – all great things for me personally. However these benefits might also mean unemployment as businesses fail, which might affect me. I am sick of reading articles about how a possible recession means the minimum wage worker no longer goes to Starbucks “every” day to buy their latte, or how homeowners can’t make their mortgages along with their 50K in credit card debt, despite that on paper, if you work through the numbers, they make enough to cover their mortgage if they lived a bit more responsibly. But I can’t fix or change the way people live in debt – the system supports people’s belief in debt. Like Asia pointed out – if the Fed raises rates, it will help inflation – hurray for me – but also means more people lose their homes.

This issue isn’t about me or you, its about a larger system that albeit very broken, needs to be worked through in preferably a fashion that limits panic. I have no clue if what the Fed has done will help us avoid further catastrophes or rather just delay it.

[zzz]

EX-SD…the fire burns because we live in a debt ridden society and believe in the fundamentals of having debt. This isn’t about putting out the fire, its about trying to “contain” the fire the best we can. This is all about limiting – not fixing. There is no fix and never will be.

I doubt my personal ideology differs that greatly from what you taught your daughters regarding social and moral responsibility. The Feds actions don’t benefit me- I have no debt – therefore I’d rather see the dollar regain in value, I’d rather have interest rates increased. I benefit from stocks getting killed – it means I buy them cheaper and have the capital to do it. I don’t enjoy inflation nor that irresponsible borrowing and lending has led to homes that are overpriced. The more defaulting, the faster home prices will come down – all great things for me personally. However these benefits might also mean unemployment as businesses fail, which might affect me. I am sick of reading articles about how a possible recession means the minimum wage worker no longer goes to Starbucks “every” day to buy their latte, or how homeowners can’t make their mortgages along with their 50K in credit card debt, despite that on paper, if you work through the numbers, they make enough to cover their mortgage if they lived a bit more responsibly. But I can’t fix or change the way people live in debt – the system supports people’s belief in debt. Like Asia pointed out – if the Fed raises rates, it will help inflation – hurray for me – but also means more people lose their homes.

This issue isn’t about me or you, its about a larger system that albeit very broken, needs to be worked through in preferably a fashion that limits panic. I have no clue if what the Fed has done will help us avoid further catastrophes or rather just delay it.

[zzz]

EX-SD…the fire burns because we live in a debt ridden society and believe in the fundamentals of having debt. This isn’t about putting out the fire, its about trying to “contain” the fire the best we can. This is all about limiting – not fixing. There is no fix and never will be.

I doubt my personal ideology differs that greatly from what you taught your daughters regarding social and moral responsibility. The Feds actions don’t benefit me- I have no debt – therefore I’d rather see the dollar regain in value, I’d rather have interest rates increased. I benefit from stocks getting killed – it means I buy them cheaper and have the capital to do it. I don’t enjoy inflation nor that irresponsible borrowing and lending has led to homes that are overpriced. The more defaulting, the faster home prices will come down – all great things for me personally. However these benefits might also mean unemployment as businesses fail, which might affect me. I am sick of reading articles about how a possible recession means the minimum wage worker no longer goes to Starbucks “every” day to buy their latte, or how homeowners can’t make their mortgages along with their 50K in credit card debt, despite that on paper, if you work through the numbers, they make enough to cover their mortgage if they lived a bit more responsibly. But I can’t fix or change the way people live in debt – the system supports people’s belief in debt. Like Asia pointed out – if the Fed raises rates, it will help inflation – hurray for me – but also means more people lose their homes.

This issue isn’t about me or you, its about a larger system that albeit very broken, needs to be worked through in preferably a fashion that limits panic. I have no clue if what the Fed has done will help us avoid further catastrophes or rather just delay it.

[zzz]

EX-SD…the fire burns because we live in a debt ridden society and believe in the fundamentals of having debt. This isn’t about putting out the fire, its about trying to “contain” the fire the best we can. This is all about limiting – not fixing. There is no fix and never will be.

I doubt my personal ideology differs that greatly from what you taught your daughters regarding social and moral responsibility. The Feds actions don’t benefit me- I have no debt – therefore I’d rather see the dollar regain in value, I’d rather have interest rates increased. I benefit from stocks getting killed – it means I buy them cheaper and have the capital to do it. I don’t enjoy inflation nor that irresponsible borrowing and lending has led to homes that are overpriced. The more defaulting, the faster home prices will come down – all great things for me personally. However these benefits might also mean unemployment as businesses fail, which might affect me. I am sick of reading articles about how a possible recession means the minimum wage worker no longer goes to Starbucks “every” day to buy their latte, or how homeowners can’t make their mortgages along with their 50K in credit card debt, despite that on paper, if you work through the numbers, they make enough to cover their mortgage if they lived a bit more responsibly. But I can’t fix or change the way people live in debt – the system supports people’s belief in debt. Like Asia pointed out – if the Fed raises rates, it will help inflation – hurray for me – but also means more people lose their homes.

This issue isn’t about me or you, its about a larger system that albeit very broken, needs to be worked through in preferably a fashion that limits panic. I have no clue if what the Fed has done will help us avoid further catastrophes or rather just delay it.

[zzz]

“The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all” stated by deadzone

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[zzz]

“The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all” stated by deadzone

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[zzz]

“The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all” stated by deadzone

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[Author]

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