The problem with bailing out the GSEs is that the stockholders benefit at the cost of tax payers. There are two options that work: split the 2 GSEs into 18 or 20 different publicly held companies so the $5 trillion is spread out further and lower leverage can be achieved. Or when they go bankrupt (i.e. virtually know common stock value), the government can make them actual government agencies. They dual-handedly make the mortgage market liquid, and it's way too risky to have all of that market making power in the hands of two firms.
--
Aaron
"Early to bed and early to rise probably indicates unskilled labor." - John Ciardi
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U.S. Fed to lend $85 bln to AIG, take 80 pct stake
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
and helllooooo socialism!
Evan Wrote:and helllooooo socialism!
So does this mean Obama is no longer running on a "Change" platform?
Current: 1985 LS1 Corvette | 2014 328i Wagon F31
Former: 2010 Ford Edge | 1999 Integra GS
I have a little bit of a rub near lock but if you are turned to lock on a track there are other problems already...
Evan Wrote:and helllooooo socialism!
weeeeeee!
I Am Mike
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.
helicopter Ben Bernanke to the rescue!!!
Daily: 2011 Subaru Impreza WRX STi, 2000 Honda S2000
AutoX/track: 1991 Honda CRX HF D15B, 1993 Honda Civic CX H2B 225whp@2120lbs
RallyX: 1997 Subaru Impreza Outback Sport
man I wish I didn't have any $ in the market.... :?
this video of an automatic shotgun makes me feel better though
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Or, well, really it makes me want to go stock up on guns.
The only thing that stops a bad guy with a van is a good guy with a van
Steve85 Wrote:Evan Wrote:and helllooooo socialism!
So does this mean Obama is no longer running on a "Change" platform? "Hey, we're halfway there, might as well finish off the job!"
*crowd silence*
"HOPENCHANGE HOPENCHANGE HOPENCHANGE"
*crowd bursts into thunderous applause and women faint"
fuggit, I'm buying more while everything's so depressed.... it can't go to 0 right? :lol:
The only thing that stops a bad guy with a van is a good guy with a van
BLINGMW Wrote:fuggit, I'm buying more while everything's so depressed.... it can't go to 0 right? :lol:
that's how i'm feeling. this has been a pretty painful last few weeks.
I Am Mike
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.
I don't think we've seen the bottom yet, so hold onto your cash. The low point will probably be in ~2 months, where I expect it to be ~9k.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
Apoc Wrote:I don't think we've seen the bottom yet, so hold onto your cash.
You should spend your cash. You should be helping the economy.
Why do you hate America?
I don't hate America, just the troops.
My rollover IRA was worth $13k Nov 1, now it's worth $7.5k. :thumbup:
My 401k: "Personal Rate of Return from 01/01/2008 to 09/17/2008 is -14.0%"
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
dont hold onto cash, unless you like holding onto a fiat currency that will soon see hyperinflation. Buy gold bullion, great hedge against inflation and itll prolly rise in value to boot
Daily: 2011 Subaru Impreza WRX STi, 2000 Honda S2000
AutoX/track: 1991 Honda CRX HF D15B, 1993 Honda Civic CX H2B 225whp@2120lbs
RallyX: 1997 Subaru Impreza Outback Sport
gold is starting its own bubble. of course, that means you just have to sell it before it pops.....
Hyper monetary inflation is kind of pushing it. But I guess if you're shooting for a job on Fox networks....
When it comes to Ryan Jenkins, the story ends with me putting him in the wall.
2009 Speed Triple | 2006 DR-Z400SM | 1999 CBR600F4 | 1998 Jeep Cherokee
-Ginger
Apoc Wrote:My 401k: "Personal Rate of Return from 01/01/2008 to 09/17/2008 is -14.0%"
i feel you - mine is -12.3
the only stock of my funds that has actually appreciated in that time frame is my own company stock
my laziness has paid off. I never bothered to switch my 401k out of money market.
Apoc Wrote:http://www.reuters.com/article/bondsNews...5820080917
U.S. Fed to lend $85 bln to AIG, take 80 pct stake
Yes but you hear how their shitting on AIG? A base rate based on England's rate which I beleive is 2-3 percent right now plus an 8.5% punitive rate on top of that for 3 month interest. They are just basically loaning. Who knows, if everyone would stop freaking out.
Then rumors spread about Goldman Sachs and Morgan Stanley. Both companies are going wtf? We are fine, they were not idiots and beleive it would never burst and have plenty of cash on hand for the writedowns. They will come out fine according to them, but of course we dont have their knowledge. However it may be a hint because Morgan Stanley is in talks with Wachovia to merge and Gao Xiqing may be going for more stock, up from his 9% that he gained in december. Who knows, itd be interested to see how this may mean goldman sachs is something to invest in once the markets stabilize.
We have not hit rock bottom but its far from as bad as rumors are starting to circulate. Evan is right, gold is up hardcore and is going to continue, I cant wait till people figure out its more than its worth.
D_Eclipse9916 Wrote:They will come out fine according to them, but of course we dont have their knowledge. Ho
This is what private audits are for.
When it comes to Ryan Jenkins, the story ends with me putting him in the wall.
2009 Speed Triple | 2006 DR-Z400SM | 1999 CBR600F4 | 1998 Jeep Cherokee
-Ginger
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