It was the market that cause the failures

[Gary Allan]

I need you on the stand as Col. Nathan R. Jessep while I'm saying ..

..if false money was in the market due to mortgages ..and this money had no business being there ...and ...


Well, if what you say is true ..or rather imply ..then there is no need for a bail out. The state of the union is fine without the mortgage money that wasn't really there and it provided no growth in the economy and/or the market.

So what's this $700B for anyway, the Pablo's enhancement fund??


Hey, pal ..most of the future retirement money is in the market now. That is there due to employment. If our real employment isn't due to the watershed housing market ..then we have nothing to fear ..there is no recession ..no loss of jobs ..no side effects of the bubble bursting.

Again, what's this $700B for, anyway??

Some where ..some few have the "extract" of this false economy. Why should I (we) be the one's filling in the void that's leftover?? According to you there was no impact of the lack of an unsustainable housing market.

 

[MarkC]

Why not? Already reached out to blame most everybody else.

 

[Pablo]

Originally Posted By: Gary
ccording to you there was no impact of the lack of an unsustainable housing market.


Where the heck did I say that?????

Sheesh this is getting old really fast. I merely said other industries can and did grow, regardless of the easy sleazy money.

 

[Gary Allan]

So we still need to fill in the void of the 99 and 44/100% false economy?

Why? What happens that wouldn't have happened when the housing market went from "real" to "unreal"? Just what are we shielding ourselves from in the bailout?

Reality???

Why not throw the $700B in the street and let it "trickle up"?

 

[Pablo]

Nobody even knows if that is even a real number. That's probably one of the bigger jokes. Is the money just gone? Poof? Then it's too late.....buwaaaaahahhahaaaaahaaaa....

The rush rush bill is mightily loaded, that probably the only truth within 300 miles of DC!

 

[Gary Allan]

All right, I'll try and stop being Howard Beale ..but it's rough when you haven't had a talk with Arthur Jensen and aren't on the payroll.

I'm waiting for my terminal performance and meeting up with The Ecunemical Liberation Army

 

[Al]

It seems fairly clear to me that Government spending, balance of trade deficits, domestic borrowing in the form of cc and homes/home equity probably accounts for 4 to 5 trillion out of a 15 Trillion GNP. I mean this is not that difficult. Is it not just logical that all of this is finally unwinding? There is just no more money.

Very grim but we can't afford the borrowed fuel, over-size borrowed houses on a service economy. Its just not economically or logically possible. Why all of the kings economists and thinkers haven't figured it out is unknown to me.

I guess its just hope that the Ponzi scheme could just go on and on.

 

[XCELERATIONRULES]

I say forget the bailout.Let the economy crumble.
It can't get much worse.
People have been suffering for years and nobody cared.
Now that the banks are hurting,lets help them out?

 

[Amkeer]

Since we can bring forward what was written in the past to understand how we stand today, let's look at what I wrote May 2, 2005. Before we do this we need to go back, and understand what was happening in 2005:

1. Real estate was still the favored investment. Those with free cash and time could not obtain it fast enough.

2. Home building was booming, and homes could not outpace buyers that bought.

So when most where applauding the victories in Real Estate, and thinking the tree would continue to grow straight up, I was one that had opposing views, which was very unpopular, especially in booming Florida. We carefully calculated, and investigated to come up with conclusions we deemed were highly likely, and made moves accordingly.

So I wrote here:

((((((((05/02/05 12:55 PM

Pabs,

Greeny is overeacting and will cause another recession. By the time the damage is done he will be retired. The problem is you can not restimulate again by lowering rates!

Its amazing that these so called experts can not get it right.

The housing bubble is about to burst and Fannie Mae is holding over a trillion in home loans! You know when the market is spent when there are so callled investors popping up everywhere speculating on real estate. These speculators are late and overleveraged. As the market slows panic selling will kick in. You will get a surge of homes for sale. Those that are forced to sell will be forced to reduce a price. As price reductions become common to stimulate sales property values will pull back. Foreclosures will start to pile up since leveraged investors compete with banks to unload properties.

Enough for now!)))))))))))))))))

So based on that simple paragraph I wrote in May of 2005, our analysis was pretty close.

What we fail to understand about these disasters is how the government can be so far off the mark on most everything. However, in studying the government we realize that they are heavily influenced by cash. With cash becomes greed. Greed is the ultimate destroyer, and clouds all sense of logical reasoning. We also understand that the government is a pawn that is used to position corporate interests in the most favorable positions. In essence the money you and I pay is the payroll that allows posturing of the pawns in a position that most influences those positions to take full advantage.

 

[Turk]

Great.

So, now what?

 

[Pablo]

Buy some weed and hang out?

No, just keep on keeping on and just keep the old wisdom in mind:

"HR and the Government are NOT your friends"

 

[Amkeer]

Thanks, but I don't smoke.

How do we fix the problem? Fix government. How do we fix government? Simple, get involved. So how did we get into this mess? Lack of involvement, laziness. Will $700 billion fix it? No, it will only fix those that are on the receiving end of the reward (remember pawns). So what will the $700 billion do? Make the rich richer. How can they do this, and get away with it? Because they can. Those PAWNS that oversee criminal conduct are influenced to "look the other way". It is simple, if you like your job, do what you are told. Most of those with the "cozy" jobs and benefits are not going to risk their "comfy position". So they are told it is better to look the other way.

 

[Pablo]

Amkeer (welcome back btw!!)

You mean like this guy: SCORE!!!!!!!!!!!!!

 

[Amkeer]

The best that could happen. Do not pass the $700 billion dollar scam. The free market will correct itself with minimal involvement. Those that ran the companies into the ground will survive. If they cannot survive with $20 million dollar severance packages that is their own fault. Let them fill out a resume, and see who will hire them.

Asset management needs to be setup similar to RTC, Resolution Trust from the early 90's, S&L Crisis. Take the non-performing assets and manage them in 6 separate quadrants throughout the United States. Each quadrant will be overseen by the management firms. The management (RE) firms will be in charge of marketing, maintenance, and liquidating the non-performing assets. The assets will be aggressively marketed. Those properties will be setup with attractive finance options, to qualified buyers. The properties will be sold no less than 10% under current market value. The inducement to buy is the lower fixed rate financing, first time homebuyer programs, and home improvement incentives built-in.

The remodeling, construction industry, and home improvement retailers will be able to take advantage of the slowing sectors, but inducing "perks" to use their products to management firms, to benefit end consumers.

The idea is to stimulate areas of the economy weakened by the real estate collapse, and gradually stabilize the housing prices. Investors have already started to gobble up distressed RE. You should be a buyer, based on what we see.

 

[Amkeer]

Pabs,

Never left. Just in certain phases of consumed issues has forced me to delegate time more wisely. It takes alot of time to fight against:

1. ConocoPhillips, the $200 billion dollar energy giant.
2. The Massachusetts Department of Environmental Protection.
3. The United States Environmental Protection Agency.
4. The Commonwealth of Massachusetts.
5. URS
6. Many others.

So reflecting on the battle along with working, running a business, raising two children, and trying to complete minor items with my home leaves me with little time. So we are doing what we can to battle the [censored], and yet I still see people picking their nose and wondering how we got here? You should not be asking how we got here, instead you should be asking what we can do to make a difference.

 

[Pablo]

Quote:
You should not be asking how we got here, instead you should be asking what we can do to make a difference.


The best sentence in this whole thread. I will take this to heart.

Does NOT mean I will hesitate to speak against this bailout bill if it has money for ACORN, for executives of companies WE now own, etc.

 

[Turk]

I am definitely not for the bailout.

Once you open up the faucet, everyone will want to drink from it.

 

[Steve S]

Remember for the U.S. has to become a third world country to fall into the join into the NEW WORLD ORDER if you study up most all the politicians are new world order types so what can be expected. The U.S. citizens can tell you who is on Dancing with the Stars or the stats of their teams wins but are royally getting the shaft in real life and are happy as long as their credit cards aren't charged up.

 

[Steve S]

Originally Posted By: tpitcher
I am definitely not for the bailout.

Once you open up the faucet, everyone will want to drink from it.
The sloptrough of the U.S. taxpayer feeds well. Bribe a Senator of representative and the world is at your feet. Barney Frank gets big donations from the bankers for example .

 

[Gary Allan]

Well, I think that more here are realizing that we've been taken to the cleaners. We're also getting the lint shook out of us too with the bailout.

No productive outcome can come from it. It's giving crack to the crack addicts so they won't suffer as much. Throw the same money in the street if you want to stimulate the economy. Not that it will last long, but it will touch more of the population in benefit.