Posted on 04/11/2008 5:59:16 AM PDT by King of Florida
“The GOP and McCain knew beforehand he was going to dump conservatives, so knowing this fact, I am sure they are factoring in that they will lose many conservative voter.”
Brilliant post. McCain does not want my vote. I am not going to give it to him. If he picks a smart economic savvy VP that runs rings around him I may change my mind. But somebody on the ticket at least has to ask for my vote.
The media have for years pounded Bush for his malapropisms. He has been labeled fore and aft as the most stupid pesident since Truman. However, in reality George Bush is not that dumb. Now McCain, THAT is another matter entirely.
May I “assume” you’re also for bailouts (Chrysler yesterday, Bear Stearns today, GE tommorrow)?
When I bought my first home in 1998 with a fixed 30 year mortgage, there were plenty of ARM fans that told me how stupid I was to spend the extra money ever month compared to what they were saving. In 2003, when we moved and once again when with a 30 year fixed mortgage, the same ARM fans gave me the same flack. I hope all those ARM fans really did save their money over all those years. Now they really need it.
“old people are always forgetting what they said originally”
I do not!
Oh, if you’ve been watching, you’ve heard myself b$tch about it pleanty.... however when I do point out the absolute joke our financial systems have become.. and the wretchedly horrible fed and trade policies of the past several decades that have helped create it..
Well, generally a few folks show up and call me a liberal democrat or some other such name.
You and I just assumed BILLIONS in debt to prop up billionaires lifestyles... I have to listen to absolutely ignorant pinheads on talk radio, and their mindless minions here try to blame the housing collapse on federal policies.. (absolute nonsense, but it plays to their ideological view) instead of flat out greed by a bunch of snakes, which was to blame.
Free Republic is a lot like Being married when it comes to certain topics.. free trade, bailing out wall street, etc.. you can either be happy, or you can be right. If you are going to be right on certain topics here, folks will make sure you won’t be happy.
The mortgage lenders must have made some major contributions to McCain’s campaign...
How in the world are people going to afford a 30-year fixed mortgage when they had to go the subprime route to be able to make their initial monthly payment?
They can’t, which is why we taxpayers will be forced to bail out the lenders - regardless of who gets elected.
...and that’s why Bear Stearns was bailed out?”
BSC was not bailed out. Tell that to the share holders. The lenders to Bear got a slight reprieve the same way a failed bank would more or less. It had to happen to keep a cascade of defaults from happening.
I have some great books on fixed income capital markets I can refer you to if you are interested in learning how all this works.
Exactly how does your statement differ from this --
I am committed to using all the resources of this government and great nation...
Chrysler was a good deal. Loan was paid back in full with interest.
One thing most people do not understand is that the Fed is a profit center. It is one federal agency that actually makes money.
In 1976, everyone was sick and tired of what the Republicans had become. Whoever would have thought a Democrat could be any worse than Nixon, or a Nixon appointee? If the Soviets had only known how weak we really were after Carter got in office. I'm sure the Chinese have been keeping track, and won't make the same mistake.
I didn’t realize that Patrick had that kind of role in the expansion of the subprime market.
Just another illustration as to how Billy Blythe’s economy was simply ‘smoke and mirrors’
I know how it works ... Skilling and Lay make a killing on hay -- (before their employees, forced to put their retirement into the company's stock plans, and other stockholders realize that hay is just plain old dry grass). You seem to be pretty much on researching companies; me, well I try to read the annual reports and monthly material that comes along with the proxy cards, but I have to pretty much rely on a broker to make sound decisions. Most of whom I've dealt with were honest brokers, others weren't and I've been burned plenty. And, I dare say, no amount of "great books" can avoid dishonesty in finances. It is here that I do see (much to the dismay of probably you, other FReepers, and most of my libertarian cohorts) a role for government oversight.
Ever hear of Nash-Rambler? Hudson? Neither got help. AMF once owned Harley-Davidson and nearly bankrupted it...but the company was able to pull away before it went under without government help.
“I have to pretty much rely on a broker to make sound decisions”
Kiss of death.
“forced to put their retirement into the company’s stock plans”
should have bought puts to lock in profits. they were astoundingly cheap. Most of these people, for the cost of a trip to disney,oblige could have protected the 401k. Instead they were part of the problem. De facto speculators all the way up.
Actually knowledge of finances can not only help you avoid dishonesty in finances it can actually let you profit. 99% of americans do not know what buying puts is.
I do see a role for government oversight - especially when it is backing the assets (assuming the risk).
Lay went to jail for his actions.
I do not make investments without knowing as much as I can. Reading is a good thing - I repeat. If you want some recommendations I’ll be happy to oblige.
“Ever hear of Nash-Rambler? Hudson? Neither got help. AMF once owned Harley-Davidson and nearly bankrupted it...but the company was able to pull away before it went under without government help. “
Yes. What does that have to do with Chrysler being a good deal and paying off the notes with interest.
His and his friend, Ted, will take care of that in the amnesty bill.
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