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Thread: Tsunami's Account Talk

  1. #385

    Default Re: Tsunami's Account Talk

    I'm afraid they would lose as many votes as they gained by cutting only the underwater loans. However if they sold off all the fannie and freddie paper for whatever they could get and then used tax money to pay the difference between book value and real value it would be a politically safe way to slide yet another bailout package to the banks. The banks get the property back at true value (After selling it to fan/fre for 100 cents on the dollar) which washes their books clean and the only loser is the poor smuck that goes to work everyday and pays his taxes. (and they don't vote Dem anyway) so its a win/win for the gov't and the bank.

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  3. #386

    Join Date
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    Default Re: Tsunami's Account Talk

    They can always make the tax issue retroactive - or even reduce the levels lower.
    just hold the unemployment rate level at 9.5% and they are all toast. We need gridlock for the economy to survive - enough socialist policy already. Well we could let the NINAs off the hook and provide them free section 8 housing on the condition they remain pregnancy free for as long as they live there - that would work. We all have to make a sacrifice.

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  5. #387

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    Default Re: Tsunami's Account Talk

    Heh, actually women have a higher employment rate than men right now, are you sure they are the ones on the dole?
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python


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  7. #388

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    Default Re: Tsunami's Account Talk

    I'm referencing NINAs (no income no assets) - the minority at risk population that couldn't afford a chicken coup but ended up in four bedroom homes. Let'em stay providing they remain pregnancy free. The illegitimates cause more problems than they are worth. The only people that benefit are the corrections officers that work our prisons. This way we solve several socionomic problems at once. This may sound harsh - but reality of crime and murder is harsh.

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  9. #389

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    Default Re: Tsunami's Account Talk

    at one point I heard someone mention that PMI is on the vast majority of the more recent loans, but discussion surrounding PMI liability between the loan value and real value has been suspiciously absent.

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  11. #390

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    Default Re: Tsunami's Account Talk

    Hey Birch, how about restricting the guys too?:toung:
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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  13. #391

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    Default Re: Tsunami's Account Talk

    Government policy already restricts the Negro American male - if there is a male in the household there will be no welfare benefits. Thus policy encourages the trend toward illegitimacy as a mechanism for the Negro American female for economic survival instead of working - thus 75% rate of illegitimacy in the minority at risk class. And as a society we all pay the price for this immoral policy. But they love to be bused to the polls to vote.

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  15. #392

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    Default Re: Tsunami's Account Talk

    Point is, more negro males are unemployed than negro females.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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  17. #393

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    Default Re: Tsunami's Account Talk

    I'll stay out of this conversation, but did want to make one point. Having been married to a grade A wonderful black (and yes, highly skilled and working) woman for the better part of two decades, I can tell you that blacks don't much care for the term "negro". That went out with the 60's....kinda like some people on this message board. It's OK for us white folks to use the term "black", really, it is.

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  19. #394

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    Default Re: Tsunami's Account Talk

    A case of the broke leading the broke. The UK and Japan are about the only remaining buyers of U.S. treasuries. This includes private investor purchases as well though...

    China is looking to greener pastures to invest in: http://www.bloomberg.com/news/2010-0...-u-s-debt.html


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  21. #395

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    Default Re: Tsunami's Account Talk

    The Fed doesn't want us to know the M3 money supply figures any more and doesn't report them, but John William's of Shadowstats.com does. His comments on the current chart below:

    "The signal for a downturn or an intensified downturn is generated when annual growth in real M3 first turns negative in a given cycle; the signal is not dependent on the depth of the downturn or its duration. The current downturn signal was generated in December 2009. The broad economy tends to follow in downturn or intensification roughly six to nine months after the signal."

    Hmm, 6 to 9 months...that would be about, NOW. This points to deflation if the Fed can't throw money out the window fast enough.




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  23. #396

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    Default Re: Tsunami's Account Talk

    Quote Originally Posted by Tsunami View Post
    A case of the broke leading the broke. The UK and Japan are about the only remaining buyers of U.S. treasuries. This includes private investor purchases as well though...

    China is looking to greener pastures to invest in: http://www.bloomberg.com/news/2010-0...-u-s-debt.html

    ...



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