Bye Wachovia!
They have ruined the best independent brokerage firm in the US. AG Edwards was by far the best brokerage firm around. Management at AG Edwards was bored and wanted more more more. Ben Edwards, the former CEO was a champion for the firm and wanted nothing to do with Wachovia. The deal was done after he stepped down as CEO. His son "Tad" Edwards was a failure and a spoiled rich punk that probably couldn't balance his checkbook, because he never had to. Albert Gallatin Edwards is rolling over in his grave! One can only hope that Ben comes in and takes them private again.
Well, that's no surprise. At least it's over with.
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
I think the Media is going to do its best to ruin all of the other banks as well with its hysteria. Elliot in the Morning was all but telling people to go withdraw every penny they had.
Just the guy I would take my financial advice from...... :lol:
Ole Wrote:Just the guy I would take my financial advice from...... :lol: You may not, but a lot of people will. There's this epidemic in America where people listen to whoever yells the loudest, even if its bullshit.
stevegula Wrote:Ole Wrote:Just the guy I would take my financial advice from...... :lol: You may not, but a lot of people will. There's this epidemic in America where people listen to whoever yells the loudest, even if its bullshit.
thats the only reason people listen to me... well that and i'm always right 
#99 - 2000 Civic Si (Future H2 Car, Former H1 car)
IPGparts.com, AutoFair Honda, Amsoil, QuikLatch Fasteners
NASA-MA Tech Inspector (Retired)
The only thing that stops a bad guy with a van is a good guy with a van
Bill didn't pass market down substantially right now.
Ole Wrote:Bill didn't pass market down substantially right now.
Good.
1987 Oldsmobile Cutlass 442
Ole Wrote:Bill didn't pass good, yes I agree.
Ole Wrote:market down substantially right now. bad.
The only thing that stops a bad guy with a van is a good guy with a van
Ole Wrote:Pelosi screwed the pooch
doesnt she always
#99 - 2000 Civic Si (Future H2 Car, Former H1 car)
IPGparts.com, AutoFair Honda, Amsoil, QuikLatch Fasteners
NASA-MA Tech Inspector (Retired)
It ain't gonna fix overnight
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
Ole Wrote:Pelosi screwed the pooch
Wow... serious?
Quote:In her speech before the vote, Pelosi, a California Democrat, said the Bush administration's policies were ``built on budgetary recklessness, on an anything-goes mentality, with no regulation, no supervision and no discipline in the system.''
Lets fire up the wayback machine... and party like its 1999
<!-- m --><a class="postlink" href="http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all">http://query.nytimes.com/gst/fullpage.h ... wanted=all</a><!-- m -->
Quote:Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Peter Wallison for President!
.RJ Wrote:http://query.nytimes.com/gst/fullpage.ht...wanted=all ugh.... good find. Reading that article now turns my stomach. We are so stupid.
The only thing that stops a bad guy with a van is a good guy with a van
I thought this article from a Harvard economist summed the whole situation up pretty well.
<!-- m --><a class="postlink" href="http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html">http://www.cnn.com/2008/POLITICS/09/29/ ... index.html</a><!-- m -->
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
Ole Wrote:Pelosi screwed the pooch how?Quote:About two-thirds of Republican lawmakers refused to back the rescue package, as well as 95 Democrats.
I'm not being combative. I really want to know. What did Pelosi do? Why was it a bad choice?
It appears that CNN and I get along pretty well..
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
Ginger Wrote:It appears that CNN and I get along pretty well..
quoted just so i can put this in my sig block one day.
#99 - 2000 Civic Si (Future H2 Car, Former H1 car)
IPGparts.com, AutoFair Honda, Amsoil, QuikLatch Fasteners
NASA-MA Tech Inspector (Retired)
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