Thread: coolhand's Account Talk

Originally Posted by WorkFE

Not funding FERS (1%). Not sure about the matching for TSP.

I was asking myself the same queastion.

Yeah, I don't see any borrowing inferred in the article. Just no funding to pensions. And you may be correct. Only the first 1%, but I'm not sure about that either. If you can't fund 1%, why would the rest get funded?

Of course, not funding the pensions is the first step. Borrowing comes next.

Originally Posted by coolhand

Yeah, I don't see any borrowing inferred in the article. Just no funding to pensions. And you may be correct. Only the first 1%, but I'm not sure about that either. If you can't fund 1%, why would the rest get funded?

Of course, not funding the pensions is the first step. Borrowing comes next.

Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com

At the top of the list is a plan to suspend investments to two government employee retirement funds, while borrowing from one of them.

Read more: http://www.foxnews.com/politics/2011...#ixzz1MYGb95dK

I told you this was the second step.

Originally Posted by nnuut

Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com



Read more: http://www.foxnews.com/politics/2011...#ixzz1MYGb95dK

The least they could do is wait 24 hours before starting step 2.

It's amazing how little they know about running the country but know exactly where to get money when they need it.
Must be the second thing they learn after getting elected. First thing is to learn how to forget all the promises and keep a straight face.

To true!

Originally Posted by WorkFE

The least they could do is wait 24 hours before starting step 2.

It's amazing how little they know about running the country but know exactly where to get money when they need it.
Must be the second thing they learn after getting elected. First thing is to learn how to forget all the promises and keep a straight face.

The way it looks right now, there's a very good chance that the Seven Sentinels give another sell signal today. But that's as of now and not necessarily at the close. There's certainly no shortage of selling interest right now.

Originally Posted by coolhand

I told you this was the second step.

Originally Posted by nnuut View Post
Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com



Read more: http://www.foxnews.com/politics/2011...#ixzz1MYGb95dK

Heh ! Next they'll try to bring down the market so we all bail to the G Fund

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http://www.bloomberg.com/news/2011-0...-analysis.html

Banks and Merchants Reload for Fee Battle

http://online.wsj.com/article/SB1000...NewsCollection

McDonald's Under Pressure to Fire Ronald

http://online.wsj.com/article/SB1000...LEFTTopStories

The Hidden State Financial Crisis

http://online.wsj.com/article/SB1000...ctions_opinion

Fed Wants Annual US Bank Stress Tests

http://www.cnbc.com/id/43068610

MATT TAIBBI: Here's How Goldman Sachs Lied To Its Customers And Congress

http://www.businessinsider.com/goldm...hs-lied-2011-5

LED bulbs hit 100 watts as federal ban looms

http://www.usatoday.com/money/indust...lighting_n.htm

Japan Falls Into Recession After Economy Shrinks 3.7%

http://www.bloomberg.com/news/2011-0...-forecast.html

Lagarde May Stake Claim as First Female IMF Chief

http://www.bloomberg.com/news/2011-0...tionality.html

Why Egypt Is Descending Into Sectarian Strife And Lawlessness

http://www.businessinsider.com/why-e...#ixzz1MnSUsvtA

Federal workers lash out at benefits cut

http://money.cnn.com/2011/05/18/news....htm?iid=HP_LN

IMF tells Greece to stop dragging its heels over reform

http://www.telegraph.co.uk/finance/e...er-reform.html

Bank of Japan Refrains From Adding Stimulus

http://www.bloomberg.com/news/2011-0...-stimulus.html

Emerging Equity Funds Post First Outflows in Eight Weeks as Appetite Ebbs

http://www.bloomberg.com/news/2011-0...tite-ebbs.html

Food Inflation in India Seen Acclerating as Farmers’ Costs, Oil Increase

http://www.bloomberg.com/news/2011-0...sion-says.html

Obama's Israel Surprise

http://online.wsj.com/article/SB1000...LEFTTopStories

You Need To Be Watching What's Developing In Spain Right Now

http://www.businessinsider.com/spain...#ixzz1Mt4Bohs6

A Trial Balloon That Could Deflate The Muni Market Even Further

http://blogs.forbes.com/investor/201...-even-further/

Chinese Student Takes Aim, Literally, at Internet Regulator

http://www.nytimes.com/2011/05/20/wo...tner=bloomberg

At I.M.F., Men on Prowl and Women on Guard

http://www.nytimes.com/2011/05/20/bu...pagewanted=all

Dude, Where's My Waiver?

http://www.realclearpolitics.com/art...me_109902.html