Wednesday, December 23, 2009, 11:53PM ET - U.S. Markets Closed.
Well now..the latest Gov't Brainstorm is that the Gov infuse cash and get stocks in return (Pref non voting) to bolster these Banks. The problem I have with this is... Doesn't this open up and create a potential NEW FRAUD on the Taxpayer?... I mean no Gov makes a decision like this in a NY minute nor does it execute in a way that would minimize "INSIDER Foreknowledge temptation to CHEAT, Right? So everyone involved in these discussions on a plan like this that had PRIOR Knowledge of this effort, BEFORE THE PUBLIC AT LARGE KNEW, is Suspect. And I think this should involve Investigations into particular bank accts and assets assets subsequent to the Action!
For Dave, Don't forget after Hours settlement "The previous close was at 9447 so how in the heck can 9394 be an upward number. " The actual close, according to YHOO on Oct 8th was 9,258.10
Actually, in my prior post re Gov buying a Particular security to keep it afloat.., on pondering this - I see a Perfect Mousetrap here to Catch Insider Crooks, used as a periodic Sting
On even further thought of Gov buying Pref Shares with Non Voting, this could be a String that, actually, for the first time in History may actually make the Gov an Income producing entity ( Asusming they seize the assets of the crooks who cheated, and Throw them in a Prison 4x4 for Life, and Repay the JQ Publics Hurt by it all.)... This could actually allow more taxcuts to us all.. since the Gov for the first would be contributing some Honestly made income of its own into the BIG PIG TROUGH, all the while DOIN Some GOOD for a change for all HONEST People in that Gov.
Barney Frank and Chris Dodd along with the Fanny and Freddy kruger monsters created caused this real estate bubble by lending to unqualified "buyers" with no money down and deceptive "loans" that tax payers get to pay for. Those of us who put 20% down and paid our mortgage payments now have the pleasure of paying for the dead beats. Satudayrnight Live got it right for a change. Now we want them to have their fingers in all the bank deposits, please say it ain"t so.
These companies are going to tank just like everyone else right now. Campbells soup and dog food brands are the way to go!
If Yahoo does not introduce some modern Forum tools, They may not be elibible to be a top company in the future of this "Transparency Talk and Using Modern Tech to enhance SPEEED and ACCURACY. Like they had a few Good tools back in old forum days, that SOME 1 Dropped... I know I know.. we have alot of newcomers who takeover and say ' Heck with old way here's the new way I wanna do it' and then we the user count how many steps we go backwards.. happens in all companies all the time......Yahoo Check out Some of the Newspapers wesbites out there... they have far more better forum tools for just navigating alone thru these messages
Can some of you please bring the Indian (India) stock market down?. Please, do so. It is the only market that has not come down and it is all fraud there! I can't believe that is not coming down! Over night all the real estate owners have gotten billions (yes, the Billion with the B) of US dollars!! and we middle class people suffer. Please, bring down the indian stock market!! esp the commodities and the real estate ones!! Please.
Ah I think it pretty much says the finance industry has a lot of buddies in Washington (AKA lobbyist) and the Technology guys don't. That pretty much sums it up, not that complicated.
After reading the comments before mine if feel the pulse of america. the govenment swaping nonexisting cash for poorly made dicissions well it's a shame. but it's the best idea so far 30 years of serious saving and planned investing have held up to the new novel "The Rise and Fall of the American Empire" it's a true Love Story ! A story that can have a great out come if ALL Americans just live within their means. It's not that hard to save 10% of what you earn. No your wrong Pal, I do have kids 8 and and they all know the meaning of WORK ! ( No WORK No REWARD ) ( LOOK Before you LEAP) If it looks to GOOD to be TRUE it probably IS. My Great Grand Father was A Delaware Mohawk Indian on my mothers side. His wisdom passed from generation to generation was watch the " Pale Face " My cousin only got $21.00 for our island and a promiss of the bounty that would come from there. So nothing new guys, let the keeper of the bounty give it to the harvast keepers, better them than NO Seed for Spring ! Another Great Wise Man said " Put all your Eggs in One Basket then SIT on Them ! " M.Twain So, just " 3 H " it . HANG ON, HANG IN, HANG OUT. WE ARE ALL JUST PASSENGERS ON THIS FLIGHT,TO RECOVERY TIGHTEN YOUR SEAT BELT, GRAB THE OXYGEN, AND PRAY TO GOD,THE CREW REALLY KNOWS HOW TO FLY. COME ON WARREN ! TAKE ONE FOR THE TEAM, PLEASE !
Less cash in the wallet of consumers will boost non-Microsoft low-energy consuming inexpensive personal computers, like Asus Eee and Cherrypal. More cost pressure on IT budgets will force IT managers to say good-bye to the Wintel world as well. Every crisis accelerates innovation, same will lose, some will gain.
Less cash in the wallet of consumers will boost non-Microsoft low-energy consuming inexpensive personal computers, like Asus Eee and Cherrypal. More cost pressure on IT budgets will force IT managers to say good-bye to the Wintel world as well. Every crisis accelerates innovation, same will lose, some will gain.
As far as forgiving the home owners debt, go ahead and pay their mortage and let them live in "their" homes. When they die or move they get no proceeds from the sale, it goes to pay the "loan" there getting from the rest of the tax payers. The prospect of letting sitting judges modify mortages is wronger than 2 boys doing the horizontal bop!
Of course the govt. wants ownership of the banks. They want ownership of you. Just wait until they force the tracking microchip and we go into a cashless society. Laugh now. It will happen.
Is the US finally becoming the new face in the group of the so called ' Third World Countries' ? And are the goons managing the companies,banks and the government only not working for enriching themselves ? It is time to ban all forward and speculative trading in stocks, currencies, commodities and derivatives. And also the time to start doing some real work !
It's time consioder how we actually can take control of thy government. Just think about how messed up everything is. Both parties are hopeless, they can't work together no matter what they say they WILL DO. We revolted against England for less than this mess. It's time to consider a major change of all of it. First thing, NO LOBBYISTS. I wonder if they have them in England. We should unite and form an new party, THE PARTY OF THE PEOPLE, and take control by voting us in.
Why can't the SEC SUSPEND STOCK TRADING????? Why don't they look at overseas Stock Markets who have suspend Stock Trading. We need to do that, till we know what the HECK is happening!!! The Feds, Treasury Dept etc.. do not have ****ing Clue as to what is happenning!!!!
I'm not worried the least bit, God is in control.
I vote for davidatubbs for Treasury Secretary. No truer words have ever been spoken. I paid off my house, my car, my HELOC, and all of my credits cards and this financial crisis does not feel like as much a crisis to me as I'm sure it must to people up to their eyeballs in debt. On the down side of things, I "thought* I would be retiring withing 4 years. Now, it looks like I'll have to keep working til those retirement accounts gain back some ground. Good luck out there, everyone. It's gonna be a rough ride....
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Yahoo! Finance User - Thursday October 09, 2008 10:10AM EDT
new media may benefit, lower costs of production and delivery, but need to get telecoms that operate on debt out of the way. electronic banking, as banks have to operate with less cost. green tech, as the country re-invests in new energy infrastructure. education delivery, as the country re-invests in building a core asset, although this will be fraught with politics as usual. technology to enable the senior work force that will delay retirement healthcare technology for an aging but active senior population language technologies so that we can export our experienced business expertise