Posted on 02/11/2009 3:03:27 AM PST by Halfmanhalfamazing
My guess is some dem PR firms were in on it - you know - they guys who get dems elected... They would play it like it was some kind of hoot pulling the rug out from under George Bush - just like they did with his dad over the "no new taxes" thing. Both Bush's have kind hearts - think "powerful soft touch" types.
The folks who play on pity are the sociopaths - and I can just see Bush and his concern for people losing their homes and 401K's and pensions and wanting to "help". He's a good man - the people feeding him the crap were not.
Bush is a sociopaths' dream - a powerful soft touch with deeper pockets (taxpayer money) than anyone on the planet.
Just the kind sociopaths are drawn toward...
Obama might be another soft touch - he's being rolled - with his assistance - bankrupting his chance of fulfilling his programs after paying congressional dems to get all their chits in...
Then there's big incentive for bankers who have a clue ( just like they knew NOT to invest with Madoff) they'd figure this one out. To say anything would be to ask for destruction... Bankers are easy to play but they know the game. And they've been both rewarded - and double crossed. Things might get interesting.
>>Remember, we are talking about money market money, which is considered cash by many, so it needs to be parked somewhere, but where?<<
For a very short time, there were a lot of lumpy mattresses.
And finally, light is shed on the phrase “Go to the mattresses.”
I always love your posts!
When my hubby and I were interviewing investors, I told the guy the only thing I knew about was Socks & Socks. Being a brilliant broker of Merill Lynch, he stated he did not know about Socks and Socks.
I had to inform him that you fill one sock with money, hide it in a safe place and start another. That unfortunately, my father had large feet so we only got to Socks & Socks before he passed.
My husband looked at me like I was crazy, but that was how it was after WWII.
Lesson not learned.
Sleep tight and what ever you do, don't put your cash in the oven. We ladies can bake you a roast at the strangest times. At least the freezer means you have to thaw the stuff out!
LOL
Actually, you could see what they did in the market: they bought short-term T-bills. They bought them so hard, they drove the yields down to zero, and for a half day or so in October, the yields went negative.
That’s panic, that’s fear. When people who need a place to park millions don’t trust “cash equivalents” and they want the *explicit* “full faith and credit of the US Treasury” - with very high liquidity, they buy US T-bills or US Treasuries.
OH — OK, sorry, misunderstood.
Corporate bonds - the right corporate bonds - are probably a good investment right about now.
What’s “the right corporate?” Well, nothing in financials, nor in consumer discretionary - like auto companies.
I’m starting to sniff around bonds from companies in heavy industry with good track records, big tech, biotech/pharma... things like that.
There are some people putting out ‘buy’ recommendations on muni’s, but I’d want to avoid certain states - like CA, LA, NY, NV, AZ, MD, MI, OH, etc...
BOL.
Also, never hide your loaded pistol in an oven or micro wave.
“OK, Dave, the lion’s share of the damage was done by 220 entities within 1 hour. Now as a sweet, open-minded, reasonable, even-tempered, fair, non-pre-judgemental, polite, scrupulous, and equitable man, I say we waterboard this Soros sonofabeech until he talks.... and then turn his soaking butt over to Vladimir Putin for some serious fact-finding, before working over every member of his family.”
That appears to preplanned re deposits and the rapid with drawal. You know how I feel about $oreA$$. He deserves to be abused, gored and eaten by starving wild Russian Boars.
“At that point, I will personally interrogate you mercilessly at Pete and Shorty’s, plying you with spirits, until you tell me EGGZAKLY what you did with your IRA.”
It is very simple. Bank CDs, we kept most of the holdings of two mutual funds, and GLD, TLO, TLH, SHY and recently SLV. I promise to tell all when you ply me with some east cost seafood like lobster, good micro beer and never mention Zer0.
The solid economic growth myth of the past few years is republican crap talking points( Hannity still repeats this on his show) . It was a fake asset bubble based on debt. There is no way you can have house prices rise (with debt) as fast as they did and not expect a disaster. That huge housing industry required an endless flow of legal and illegal imigrants to buy the houses and build them, not to mention foreign capital(since we dont have any) . It was obvious something was very wrong but as long as people saw the their house appraisals get bigger no one would ask questions. Now it crashed and it's point fingers time, but Bush as president is the last guy without a chair, and we republicans have to pay for it (Pelosi and Obama , UGGG) . The party is over and socialism is here.
.......Now as a sweet, open-minded, reasonable, even-tempered, fair, non-pre-judgemental, polite, scrupulous, and equitable man, ........
Wow, How did you know? you described me to a T
People were moving every two years - making much more than you could make in stocks because of the tax advantages. Then the "flippers" got in on it - most of them "shoeshine boy" types who had no idea the houses weren't going up because of their wonderful "improvements".
I was in some of those houses - and didn't have the heart to tell some of those people that their big gain was because of the bubble - and not because they did such a great job putting new white tile in the kitchen...
I believe those original tax changes were done under the Clinton administration. Bush also got on board with it - refinements.
Or course the banks got in on it with more legislation to facilitate the mess - with their "2 payments and you can sell the loan" stuff. It's all sociopath scam stuff done on a very sophisticated level...
God help us - it's worse than anyone can imagine. ( And yeah, we'll have up times - maybe a year - maybe two - but the piper will be paid.)
Some of the things that contributed:
Tax laws were changed so gains on homes didn’t count as long as you had lived there for at least 2 years. And the cap on home profit was high ...
People were moving every two years - making much more than you could make in stocks because of the tax advantages. Then the “flippers” got in on it - most of them “shoeshine boy” types who had no idea the houses weren’t going up because of their wonderful “improvements”.
I was in some of those houses - and didn’t have the heart to tell some of those people that their big gain was because of the bubble - and not because they did such a great job putting new white tile in the kitchen...
I believe those original tax changes were done under the Clinton administration. Bush also got on board with it - refinements.
Or course the banks got in on it with more legislation to facilitate the mess - with their “2 payments and you can sell the loan” stuff. It’s all sociopath scam stuff done on a very sophisticated level...
God help us - it’s worse than anyone can imagine. ( And yeah, we’ll have up times - maybe a year - maybe two - but the piper will be paid.)
Bookmarked for later reading!
There was no need to do anything to ensure Obama took the White House.
This is a straight out financial cluster *#!
Thanks, Dave.
Always enjoy your insights.
.......Now as a sweet, open-minded, reasonable, even-tempered, fair, non-pre-judgemental, polite, scrupulous, and equitable man, ........
BOL, that was Kenny Bunk.
Since, I don't pay close attention to the markets everyday, did this buy down happened the very same day?
Very good points!
Schiff was on Laura Ingrahm today and she asked him if he thought a conspiracy was responsible for crash and he said
no of course.
Who would bring down the entire world economy to get Obama elected? Heck, Many of our enemies are suffering because of drop in oil prices.
It was the financial mess that derailed McCain...
It was the financial mess that derailed McCain... I believe it was a dem “ace in the hole” - October surprise - whatever.
Can you explain? T-bills? CD's? What?
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