Posted on 11/12/2008 7:04:15 AM PST by Red Badger
How about lowering your user fees? Come on now, share the wealth!
Good Point!
Quick lets get all the Freepers to form a Corporation ask for 4 Billion Bailout and settle for 2 Billion and divy up equally and move to Barbados!
So where has everyone put their money....I transferred my $$ into Fidelity at retirement and it just continues to go out the door....they are managing it pretty conservatively....any suggestions?
While making sure Americans were on the hook for any unpaid bills.
Paulson just announced that mortgage backed assets are no longer on the table.Now,it's credit cards,auto loans,and NON-bank entities.
I moved mine into CASH 6 months ago,within my Fidelity account.It’s not making anything,but it’s not LOSING any value either.You should be able to do so,via Fidelity’s web site.
Holy Moly! They told one of their really good customers that they wanted to restrict their business with him. That is NUTS!
Neal Boortz: “What we have here is trough fever.”
Oh, I thought that was made clear. The first 85B was for executive bonuses and golden parachutes.
Now they're negotiating for working capital...........
This is not the half of it, I have talked with two of my suppliers, EVERYONE OF THEIR CUSTOMERS WHO USED AMEX HAD THE SAME EXACT THING HAPPEN.
ALl of the sudden AMEX cards were rejected when trying to purchase. Not a few EVERYONE OF THEM.
Why? Because the stuff we buy in the numbers we buy is well over 1500 for a single purchase.
It makes no sense whatsoever.
I am thinking of buying something from Canada and yesterday I asked the seller if his quoted price was in Canadian or US dollars. He said Canada’s money is valued according to the price of oil and to forget Canadian money, it’s unreliable. I’m beginning to wonder how much longer anyone will think our money is reliable.
AMEX did the same to me. Didn’t realize it till an automatic payment for some software was rejected.
“Out of the blue last month they dropped ALL our credit lines down to 1500 dollars. No warnings nothing. Just did it.”
So now you don’t have any access at all? And do you have to pay down to the $1500 limit?
I’m just curious.
When the RATS control everything, and we are ALL in the POOR HOUSE!!!
They decided they’d rather do less business then possibly get caught with bad debts - so they have NO faith that the economy won’t collapse. But what they did is a self-immoliation - you’d think they’d be selective. $1500 is a joke.
I bet he wasn't saying that six months ago. He's saying he'll accept stability in your currency while his is in the tank, meaning more profit for him.
The latest on the current disaster-—
NEW YORK, Nov 12 (Reuters) - U.S. stocks extended losses on Wednesday after Treasury Secretary Henry Paulson said his department would consider capital needs of non-bank financial institutions, renewing concerns about the scope of problems in the U.S. economy.
I work in a building with several major financial companies and take a peek at the behind the scenes stuff every day or so. One person described it to me this way:
“Democrats may run the Wall Street firms, but Republicans have the money invested in the market. And they are all going to money market funds. All the major brokerage firms are awash with cash in their member acounts, and people are very hesitant to go back in.”
Just what “Non-banks” is he talking about? GMFORDCHRYSLER, AMEXVISAMASTERCARD, CIRCUITCITYSTARBUCKS?.............
This would be hilarious if it wasn't so idiotic, pathetic and tragic.
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