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* Wake up people. The Fed's bailout just cost you personally $2,000. - 23
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TOPIC: Wake up people. The Fed's bailout just cost you personally $2,000.
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/2dc712cf824f1eb3?hl=en
==============================================================================
== 1 of 23 ==
Date: Sat, Mar 15 2008 3:48 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>> and we're smarter than that now. they're
>> always the ones leading us into the next crash.
>
>How odd that we havent actually had a full depression since 1929.
>
>Thats only a decade short of a full century now.
Two, but who's counting. Do you know how?
== 2 of 23 ==
Date: Sat, Mar 15 2008 3:52 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>
>> But for the past ten years we've abandoned those fundamentals
>
>Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
The fed is using new tricks because the old ones won't work. Do try to
keep up.
Go find out what the Term Securities Lending Facility (TSLF) is.
Query also when was the last time the Fed bailed out an investment
company (not a bank) as they did this week with Bear Stearns?
== 3 of 23 ==
Date: Sat, Mar 15 2008 3:53 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>> and deregulated many of the measures taken that gave us those results.
>
>You cant deregulate a measure.
Sheesh, just when I think you can't be any denser.
== 4 of 23 ==
Date: Sat, Mar 15 2008 3:57 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>> You're not noticing the new and highly creative things the Fed is doing this month?
>
>Nothing new or highly creative.
I'll take that as a "NO" confirming your ignorance.
The Wall Street Journal, press and economists see it.
March 15, 2008, 10:36 am
Behind the Fed's Bear Loan: Systemic Risk Fear
The Federal Reserve's decision to invoke a Depression-era law so that
it could lend to Bear Stearns shows how seriously it believes the
financial system is at risk.
Since last August the Fed has used both rate cuts and creative steps
to infuse cash into the banking system and thaw markets as a whole,
while striving to avoid anything that smelled like a bailout of any
particular firm.
But officials concluded the collateral damage that could accompany the
failure of a major player in the debt markets was a far greater threat
than the moral hazard it created by bailing out one firm and possibly
encouraging risky behavior in the future.
The Fed has two principal tools for lending money to market
participants. It lends to its 20 "primary dealers," including Bear
Stearns, every day for up to 28 days in return for top-quality
collateral such as Treasurys. But this doesn't enable it to lend any
single firm much money. It can lend unlimited sums through its
discount window, but only to banks. It has, since 1932, had the
authority to lend to nonbanks, but has been reluctant to use it. To
underline the gravity of its use, at least five of the Fed's seven
governors must ordinarily vote in its favor.
It was last used to make loans during the Depression. The Fed invoked
the clause in 1970 to lend to companies cut off from the commercial
paper market by the failure of the Penn Central railroad, but did not
end up lending any money.
Also for your further consideration:
"A man should never be ashamed to own he has been in the wrong, which
is by saying, in other words, that he is wiser today than he was
yesterday."
-- Alexander Pope
Of course one has to chose to be smarter.
== 5 of 23 ==
Date: Sat, Mar 15 2008 4:03 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>
>> That's desperation.
>
>Nope, entirely appropriate to the current circumstances.
Desperation is totally appropriate at this time, yes.
http://www.guardian.co.uk/business/2008/mar/15/creditcrunch.useconomy4
Credit crunch woes claim America's fifth-biggest bank
. . .
"Analysts said the call for help from the Fed amounted to an act of
>desperation.
Carl Lantz, at Credit Suisse, said it meant the bank "didn't have
enough money to turn the lights on this morning".
http://www.ft.com/cms/s/0/5b2b37da-f232-11dc-9b45-0000779fd2ac.html
Financial Times - UK
Dow down in the doldrums
By Dominic Picarda
Published: March 15 2008 02:00 | Last updated: March 15 2008 02:00
>The US Federal Reserve's latest act of desperation
to cope with the deepening crisis has produced the customary fillip in
stock markets. But, as with its other interventions since August, the
Fed's decision to accept mortgage-backed securities as loan collateral
will probably fail to arrest equities' downward spiral. Ignoring this
stunt, though, there is a good reason why the Dow might bounce just
now.
I could go on and on, but that's enough to point out how foolish your
being. Do you want to stop or do I need to keep rubbing your nose in
knowledge in hope you might smell some?
== 6 of 23 ==
Date: Sat, Mar 15 2008 4:07 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>> they recognize the old tools have been largely neutralized and are unavailable.
>
>Bare faced pig ignorant lie. Every single thing that has been done in the
>last month is an old tool used again, because it works and will do so again.
LOL.
Tell me the last time the Fed used the Term Securities Lending
Facility (TSLF). (This should be interesting.)
When's the last time they bought up private bonds?
when the last time they bailed out an investment firm like Bear
Stearns?
(Here's I'll help you with that one:
http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
== 7 of 23 ==
Date: Sat, Mar 15 2008 4:09 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>stuff_stuff@comcast.net wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> stuff_stuff@comcast.net wrote
>>>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>>>> stuff_stuff@comcast.net wrote
>
>>>>>> A lot of people a whole hell of a lot smarter than you are talking depression.
>
>>>>> Easy to claim, hell of a lot harder to actually substantiate that claim.
>
>>>>> There have been fools mindlessly hyperventilating about depression ever since 1929.
>
>>>> And the day before the Oct. 29 crash there were a whole bunch of
>>>> cheerleaders like yourself saying "the fundamentals were sound".
>
>>> And even someone as stupid as you should have noticed
>>> that we havent had a full depression since that one.
>
>> Which is why people have forgotten it's lessons
>
>No they havent. The fed is already applying the lessons that were learnt
>at that time and is taking the steps we learnt were required to ensure that
>we wont have a depression, just like it has quite a few times since 1929.
>
>> and dismantled many of the preventative measures
>> that were put in place when the knowledge was fresh.
>
>Bare faced pig ignorant lie. List even a single one of those, you cant.
>
>> It might just be time for another then, aye?
>
>Nope. Taint gunna happen, you watch.
>
>> Or are you in the school of "the fundamentals have changed
>
>Nope.
>
>> and we're smarter than that now. they're
>> always the ones leading us into the next crash.
>
>How odd that we havent actually had a full depression since 1929.
>
>Thats only a decade short of a full century now.
>
>>> There were lots of them in the century before 1929.
>
>> Yep. I've noted often that following the fundamentals with a proper mix of Keynesian
>> and monetarist polices has made recession less frequent and less severe.
>
>And we havent had a full depression for almost a century now.
>
>There were lots of them in the century before 1929.
>
>> But for the past ten years we've abandoned those fundamentals
>
>Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
>
>> and deregulated many of the measures taken that gave us those results.
>
>You cant deregulate a measure.
>
>> You're not noticing the new and highly creative things the Fed is doing this month?
>
>Nothing new or highly creative.
>
>> That's desperation.
>
>Nope, entirely appropriate to the current circumstances.
>
>> they recognize the old tools have been largely neutralized and are unavailable.
>
>Bare faced pig ignorant lie. Every single thing that has been done in the
>last month is an old tool used again, because it works and will do so again.
>
>> They're desperately scrambling to find some way to hold this all
>> together. It's getting down to baling wire and duct tape at this point.
>
>Only in your pathetic little pig ignorant drug crazed fantasyland.
>
>> For example - the stimulus package is going to return virtually
>> nothing because we've neutralized it as a tool because of the
>> amount of our goods and services that come from over seas now.
>
>Bare faced pig ignorant lie. The vast bulk of services are STILL provided
>locally and so stimulate the economy, just like they have always done.
>
>And while some of the cheap goods come from overseas, a large part
>of the stimulus sales of them provide still pays the wages of the moneys
>involved in selling them in the US, just like they always have been.
>
>> One or two hops and those dollars are in China, Japan, the UK, Canada, etc.
>
>A small subset of those dollars, actually. And that STILL ensures that china wont
>see a full depression either, and thats what matters for the US economy anyway.
>
>> Even if the work or goods are made or done here,
>> more of the companies doing it are foreign owned.
>
>Fuck all of them are, actually.
>
>> (www.economyincrisis.org)
>
>Pure drivel.
>
>> and the profits go overseas.
>
>Bare faced pig ignorant lie.
>
>> This cuts the multiplier considerably
>
>Pigs arse it does since the same mindless pig
>ignorant hyperventilation was done about the Japs.
>
>The only thing thats changed is that much more of it ends up in china instead of in japan.
>
>> (hopefully you've read enough to know what we're talking about).
>
>Known what that was about since before you were even born thanks child.
>
>> Similarly lowering interest rates to increase monetary supply
>
>That isnt why interest rates are lowered.
>
>> isn't as useful a tool any more because it only drives the dollar lower,
>
>The dollar is irrelevant to stopping the economy from going into depression.
>
>> making oil cost more and pulling foreign investment away from the US
>
>The US doesnt need foreign investment, stupid.
>
>> (and foreign investment is almost all that keeping us afloat.)
>
>Bare faced pig ignorant lie.
>
>> Lowering dollar and lowering interest rates make
>> Japan and China less interested in our treasuries,
>
>Bare faced pig ignorant lie. The yuan is close to locked to the
>USD. And US interest rates still leave those in Japan for dead.
>
>> and that's what's financing Bush's deficit spending and war.
>
>They get to like that or lump it.
>
>> we could go on but an intelligent person will get the idea.
>
>Only a very stupid person would run those bare faced pig ignorant lies.
>
>> Our customary tools have been broken.
>
>Bare faced pig ignorant lie.
>
>> The fed is struggling to find ways that might work.
>
>Bare faced pig ignorant lie.
>
>The credit crunch is quite different to what was last seen.
>The way of dealing with that is necessarily different.
>
>> With luck and ingenuity they might manage.
>
>No might about it, they'll manage fine, just like they have for the last century.
>
>> But nothing so far looks near clever enough or effective enough.
>
>Only in the eyes of pig ignorant fools that dont have a clue about whats actually happening.
>
>> But shit idiots like you are still denying we're even in a recession.
>
>Corse that wouldnt be you doing any name calling, would it hypocrite ?
>
>And I never ever said a word about a recession anyway, liar.
>
>> And clinging to high school definitions and sloppy logic to pretend we're not.
>
>> SO is this where you talk issues or just cant more denials and names?
>
>You in spades, child.
>
>> Like I have to ask.
>
>You in spades, child.
>
So once again you got nothing. LOL.
== 8 of 23 ==
Date: Sat, Mar 15 2008 4:17 pm
From: stuff_stuff@comcast.net
On Sun, 16 Mar 2008 09:28:39 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:
>> BOCA RATON, Florida (Reuters) - The United States is in a recession
>> that could be "substantially more severe" than recent ones, National
>> Bureau of Economic Research President Martin Feldstein said on Friday.
>
>Doesnt even say anything about a depression, fuckwit child.
>
>> "The situation is very bad, the situation is getting worse, and the
>> risks are that it could get very bad," Feldstein said in a speech at
>> the Futures Industry Association meeting in Boca Raton, Florida.
>
>There's been plenty of mindless hyperventilation like that in the last century, child.
LOL. Damn you can be stupid. That "mindless hyperventilation" is
coming from NBER President Martin Feldman you moron.
He is currently the George F. Baker Professor of Economics at Harvard
University, and the president and CEO of the National Bureau of
Economic Research (NBER). From 1982 to 1984, Feldstein served as
chairman of the Council of Economic Advisers and as chief economic
advisor to President Ronald Reagan.
But I understand he doesn't conform with your need for denial. But
damn at some point someone has to be able to hammer a simple fact
through that dense skull of yours.
More news today:
http://www.businessandmedia.org/articles/2008/20080314131851.aspx
Not Just Recession, Clinton Appointee Talking 'Depression'
Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of
a Depression'
By Jeff Poor
Business & Media Institute
3/14/2008 1:21:16 PM
Many economists warn of tough economic times, but former Clinton
Labor Secretary Robert Reich doesn't just warn of a "recession," he
warns of a "depression."
"I think there's a 20 percent chance of a depression," Reich said
to the Business & Media Institute on March 14.
. . .
== 9 of 23 ==
Date: Sat, Mar 15 2008 4:45 pm
From: stuff_stuff@comcast.net
On Sat, 15 Mar 2008 16:07:31 -0700, stuff_stuff@comcast.net wrote:
>On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
><rod.speed.aaa@gmail.com> wrote:
>
>>> they recognize the old tools have been largely neutralized and are unavailable.
>>
>>Bare faced pig ignorant lie. Every single thing that has been done in the
>>last month is an old tool used again, because it works and will do so again.
>
>
>LOL.
>
>Tell me the last time the Fed used the Term Securities Lending
>Facility (TSLF). (This should be interesting.)
>
>When's the last time they bought up private bonds?
>
>when the last time they bailed out an investment firm like Bear
>Stearns?
>(Here's I'll help you with that one:
>http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
>
I gotta say Rod, I find your denials pretty damn funny. The more I
build the case with facts, figures and expert opinions the louder and
shriller your name calling gets. I see you're really trying to
convince yourself of your view. That's damn funny. I think you're the
last Bull in this economy. Not even Bush and Co. are pretending it's
all as rosey as you are. Find someone out there with some street cred
who sees it all as great these days.
Your own desperation is getting comical. But hey, if you're right you
can make a killing. Put your money where your mouth is and when the
market rebounds you'll be rich! Or do you really not have all that
faith you profess? :-)
== 10 of 23 ==
Date: Sat, Mar 15 2008 5:35 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> BOCA RATON, Florida (Reuters) - The United States is in a recession
>>> that could be "substantially more severe" than recent ones, National
>>> Bureau of Economic Research President Martin Feldstein said on Friday.
>> Doesnt even say anything about a depression, fuckwit child.
>>> "The situation is very bad, the situation is getting worse, and the
>>> risks are that it could get very bad," Feldstein said in a speech at
>>> the Futures Industry Association meeting in Boca Raton, Florida.
>> There's been plenty of mindless hyperventilation like that in the last century, child.
> LOL.
Village eejut imitations cut no mustard.
> Damn you can be stupid.
We'll see...
> That "mindless hyperventilation" is coming from
> NBER President Martin Feldman you moron.
There's been plenty of mindless hyperventilation like that in the last century, fuckwit.
Plenty from those with much better credentials that that particular one too.
> He is currently the George F. Baker Professor of Economics at Harvard University,
Well whoopy fucking do. Wouldnt be the first time some Harvard
professor of economics has got it just plain wrong, fuckwit.
> and the president and CEO of the National Bureau of Economic Research (NBER).
Well whoopy fucking do. Wouldnt be the first time one of those has got it just plain wrong, fuckwit.
> From 1982 to 1984, Feldstein served as chairman
> of the Council of Economic Advisers and as chief
> economic advisor to President Ronald Reagan.
And we all know how comprehensively that fool
Raygun fucked things up economically, fuckwit.
> But I understand he doesn't conform with your need for denial.
Nothing to deny yet, fuckwit.
Bet it turns out to be nothing like as bad as he mindlessly hyperventilates,
and even he said nothing like your mindless pig ignorantly stupid claim that
the fed has no tools available anymore anyway.
> But damn at some point someone has to be able to
> hammer a simple fact through that dense skull of yours.
You dont actually have a single FACT, fuckwit.
Just a CLAIM, a different matter entirely.
> More news today:
> http://www.businessandmedia.org/articles/2008/20080314131851.aspx
> Not Just Recession, Clinton Appointee Talking 'Depression'
> Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a Depression'
Which is nothing like your previous mindless hyperventilation that a full depression is absolutely certain.
And that fool cant explain why we havent had a full depression for almost a century now anyway.
> By Jeff Poor
> Business & Media Institute
> 3/14/2008 1:21:16 PM
> Many economists warn of tough economic times,
Nothing like your mindless hyperventilation.
> but former Clinton Labor Secretary Robert Reich doesn't
> just warn of a "recession," he warns of a "depression."
And it remains to be seen if he has got that right.
And its just a bit odd that Benanki doesnt say anything like that.
> "I think there's a 20 percent chance of a depression,"
> Reich said to the Business & Media Institute on March 14.
And it remains to be seen if that predication is anything more than just another
fool that ends up with egg all over its face, just like all the other ones that have
said that sort of thing repeatedly since 1929, who have ALL got egg all over
their silly little faces very comprehensively indeed.
== 11 of 23 ==
Date: Sat, Mar 15 2008 5:39 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>> stuff_stuff@comcast.net wrote
>>>> And even someone as stupid as you should have noticed
>>>> that we havent had a full depression since that one.
>>> Which is why people have forgotten it's lessons
>> No they havent. The fed is already applying the lessons that were learnt
>> at that time and is taking the steps we learnt were required to ensure that
>> we wont have a depression, just like it has quite a few times since 1929.
>>> and dismantled many of the preventative measures
>>> that were put in place when the knowledge was fresh.
>> Bare faced pig ignorant lie. List even a single one of those, you cant.
> Oh good lord. How can you be this childish. Go read about the
> Glass-Steagall Act. Before that there was the deregulation of
> the Savings and Loans. Remember how that worked out?
Didnt have a damned thing to do with producing a DEPRESSION, fuckwit.
> It's a long list,
Like hell it is on producing a DEPRESSION, liar.
> but your not interested in learning and just deny everything
> so I'm not going to be your teacher unless you pay the tuition.
No one is ever going to be stupid enough to pay you a cent, liar.
== 12 of 23 ==
Date: Sat, Mar 15 2008 5:42 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> But for the past ten years we've abandoned those fundamentals
>> Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
> The fed is using new tricks
Bare faced lie with interest rates.
> because the old ones won't work.
Bare faced lie with interest rates.
> Do try to keep up.
Let go of your dick before you end up completely blind, liar.
> Go find out what the Term Securities Lending Facility (TSLF) is.
Irrelevant to that lie of yours still at the top.
> Query also when was the last time the Fed bailed out an investment
> company (not a bank) as they did this week with Bear Stearns?
Irrelevant to that lie of yours still at the top.
== 13 of 23 ==
Date: Sat, Mar 15 2008 5:43 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> and deregulated many of the measures taken that gave us those results.
>> You cant deregulate a measure.
> Sheesh, just when I think you can't be any denser.
Never ever could bullshit its way out of a wet paper bag,
or work out how to avoid premature ejaculation either.
== 14 of 23 ==
Date: Sat, Mar 15 2008 5:55 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> You're not noticing the new and highly creative things the Fed is doing this month?
>> Nothing new or highly creative.
> I'll take that as a "NO" confirming your ignorance.
You can take it and shove it up your arse, where it belongs.
> The Wall Street Journal, press and economists see it.
Nothing like that stupid lie of yours now at the top.
> http://blogs.wsj.com/economics/2008/03/15/behind-the-feds-bear-loan-systemic-risk-fear/?mod=googlenews_wsj
> March 15, 2008, 10:36 am
> Behind the Fed's Bear Loan: Systemic Risk Fear
> The Federal Reserve's decision to invoke a Depression-era law
So it doesnt actually qualify as new or creative, fuckwit.
> so that it could lend to Bear Stearns shows how
> seriously it believes the financial system is at risk.
> Since last August the Fed has used both rate cuts and creative steps to
> infuse cash into the banking system and thaw markets as a whole, while
> striving to avoid anything that smelled like a bailout of any particular firm.
> But officials concluded the collateral damage that could accompany
> the failure of a major player in the debt markets was a far greater
> threat than the moral hazard it created by bailing out one firm and
> possibly encouraging risky behavior in the future.
> The Fed has two principal tools for lending money to market
> participants. It lends to its 20 "primary dealers," including Bear
> Stearns, every day for up to 28 days in return for top-quality
> collateral such as Treasurys. But this doesn't enable it to lend
> any single firm much money. It can lend unlimited sums through
> its discount window, but only to banks. It has, since 1932, had
> the authority to lend to nonbanks,
So it doesnt actually qualify as new or creative, fuckwit.
> but has been reluctant to use it. To underline
> the gravity of its use, at least five of the Fed's
> seven governors must ordinarily vote in its favor.
Irrelevant to that pig ignorant lie of yours at the top.
> It was last used to make loans during the Depression.
So it doesnt actually qualify as new or creative, fuckwit.
> The Fed invoked the clause in 1970 to lend to companies cut
> off from the commercial paper market by the failure of the
> Penn Central railroad, but did not end up lending any money.
Irrelevant to that pig ignorant lie of yours at the top.
> Also for your further consideration:
> "A man should never be ashamed to own he has been in the wrong, which
> is by saying, in other words, that he is wiser today than he was yesterday."
> -- Alexander Pope
Its you that needs to consider that when you have just got egg all over your
stupid face above, and you cant even claim that its my selective quoting since
you were actually stupid enough to blow your own stupid feet right off yourself.
Feel free to fall over now.
> Of course one has to chose to be smarter.
Not even possible for fools like you to do that.
So stupid that it blows both feet right off without any assistence what so ever.
== 15 of 23 ==
Date: Sat, Mar 15 2008 6:01 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> That's desperation.
>> Nope, entirely appropriate to the current circumstances.
> Desperation is totally appropriate at this time, yes.
Pathetic.
> http://www.guardian.co.uk/business/2008/mar/15/creditcrunch.useconomy4
> Credit crunch woes claim America's fifth-biggest bank
You previously claimed that it aint a bank. Do at least TRY
to maintain a consistent line in mindless pig ignorant bullshit.
> . . .
> "Analysts said the call for help from the Fed amounted to an act of desperation.
Just some stupid journalist's claim.
> Carl Lantz, at Credit Suisse, said it meant the bank
> "didn't have enough money to turn the lights on this morning".
Just more mindless hyperventilation.
> http://www.ft.com/cms/s/0/5b2b37da-f232-11dc-9b45-0000779fd2ac.html
> Financial Times - UK
> Dow down in the doldrums
> By Dominic Picarda
> Published: March 15 2008 02:00 | Last updated: March 15 2008 02:00
> The US Federal Reserve's latest act of desperation
Just another stupid pig ignorant journo.
> to cope with the deepening crisis has produced the customary fillip
> in stock markets. But, as with its other interventions since August,
> the Fed's decision to accept mortgage-backed securities as loan
> collateral will probably fail to arrest equities' downward spiral.
Different matter entirely to your stupid claims about the economy about to implode.
> Ignoring this stunt, though,
It aint a stunt.
> there is a good reason why the Dow might bounce just now.
> I could go on and on,
And fool absolutely no one at all, as always.
> but that's enough to point out how foolish your being.
Wrong again, you blew both feet right off.
> Do you want to stop or do I need to keep rubbing your
> nose in knowledge in hope you might smell some?
I find it a lot more amusing watching you keep blowing both feet off.
Keep doing it child.
== 16 of 23 ==
Date: Sat, Mar 15 2008 6:04 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> they recognize the old tools have been largely neutralized and are unavailable.
>> Bare faced pig ignorant lie. Every single thing that has been done in the
>> last month is an old tool used again, because it works and will do so again.
> LOL.
Village eejut imitations cut no mustard.
> Tell me the last time the Fed used the Term Securities Lending Facility (TSLF).
Irrelevant to that pig ignorant lie of yours at the top.
> (This should be interesting.)
Nope, you're always completely pathetic.
> When's the last time they bought up private bonds?
Irrelevant to that pig ignorant lie of yours at the top.
> when the last time they bailed out an investment firm like Bear Stearns?
Irrelevant to that pig ignorant lie of yours at the top.
> (Here's I'll help you with that one:
> http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
Irrelevant to that pig ignorant lie of yours at the top.
== 17 of 23 ==
Date: Sat, Mar 15 2008 6:09 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote
> stuff_stuff@comcast.net wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>>> they recognize the old tools have been largely neutralized and are unavailable.
>>> Bare faced pig ignorant lie. Every single thing that has been done
>>> in the last month is an old tool used again, because it works and
>>> will do so again.
>> LOL.
>> Tell me the last time the Fed used the Term Securities
>> Lending Facility (TSLF). (This should be interesting.)
>> When's the last time they bought up private bonds?
>> when the last time they bailed out an investment firm like Bear Stearns?
>> (Here's I'll help you with that one:
>> http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
> I gotta say Rod, I find your denials pretty damn funny.
Cant say the same for your spectacular footshots, they are too pathetic
to be funny and its not supposed to be nice to laugh at village eejuts.
> The more I build the case with facts, figures
You havent ever presented even a single one of either, liar.
> and expert opinions
Which dont say anything like you initially lied about.
> the louder and shriller your name calling gets.
Corse you never ever do anything like that yourself, eh child ?
<reams of your puerile shit any 2 year old could leave for dead flushed where it belongs>
Try harder child. You might actually manage to fool someone sometime, before you actually burst a blood vessel.
== 18 of 23 ==
Date: Sat, Mar 15 2008 6:11 pm
From: "Rod Speed"
stuff_stuff@comcast.net wrote:
> On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
> <rod.speed.aaa@gmail.com> wrote:
>
>> stuff_stuff@comcast.net wrote
>>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>>> stuff_stuff@comcast.net wrote
>>>>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>>>>> stuff_stuff@comcast.net wrote
>>
>>>>>>> A lot of people a whole hell of a lot smarter than you are
>>>>>>> talking depression.
>>
>>>>>> Easy to claim, hell of a lot harder to actually substantiate
>>>>>> that claim.
>>
>>>>>> There have been fools mindlessly hyperventilating about
>>>>>> depression ever since 1929.
>>
>>>>> And the day before the Oct. 29 crash there were a whole bunch of
>>>>> cheerleaders like yourself saying "the fundamentals were sound".
>>
>>>> And even someone as stupid as you should have noticed
>>>> that we havent had a full depression since that one.
>>
>>> Which is why people have forgotten it's lessons
>>
>> No they havent. The fed is already applying the lessons that were
>> learnt
>> at that time and is taking the steps we learnt were required to
>> ensure that
>> we wont have a depression, just like it has quite a few times since
>> 1929.
>>
>>> and dismantled many of the preventative measures
>>> that were put in place when the knowledge was fresh.
>>
>> Bare faced pig ignorant lie. List even a single one of those, you
>> cant.
>>
>>> It might just be time for another then, aye?
>>
>> Nope. Taint gunna happen, you watch.
>>
>>> Or are you in the school of "the fundamentals have changed
>>
>> Nope.
>>
>>> and we're smarter than that now. they're
>>> always the ones leading us into the next crash.
>>
>> How odd that we havent actually had a full depression since 1929.
>>
>> Thats only a decade short of a full century now.
>>
>>>> There were lots of them in the century before 1929.
>>
>>> Yep. I've noted often that following the fundamentals with a proper
>>> mix of Keynesian and monetarist polices has made recession less
>>> frequent and less severe.
>>
>> And we havent had a full depression for almost a century now.
>>
>> There were lots of them in the century before 1929.
>>
>>> But for the past ten years we've abandoned those fundamentals
>>
>> Bare faced pig ignorant lie. The fed has just used them again to
>> avoid a depression.
>>
>>> and deregulated many of the measures taken that gave us those
>>> results.
>>
>> You cant deregulate a measure.
>>
>>> You're not noticing the new and highly creative things the Fed is
>>> doing this month?
>>
>> Nothing new or highly creative.
>>
>>> That's desperation.
>>
>> Nope, entirely appropriate to the current circumstances.
>>
>>> they recognize the old tools have been largely neutralized and are
>>> unavailable.
>>
>> Bare faced pig ignorant lie. Every single thing that has been done
>> in the
>> last month is an old tool used again, because it works and will do
>> so again.
>>
>>> They're desperately scrambling to find some way to hold this all
>>> together. It's getting down to baling wire and duct tape at this
>>> point.
>>
>> Only in your pathetic little pig ignorant drug crazed fantasyland.
>>
>>> For example - the stimulus package is going to return virtually
>>> nothing because we've neutralized it as a tool because of the
>>> amount of our goods and services that come from over seas now.
>>
>> Bare faced pig ignorant lie. The vast bulk of services are STILL
>> provided
>> locally and so stimulate the economy, just like they have always
>> done.
>>
>> And while some of the cheap goods come from overseas, a large part
>> of the stimulus sales of them provide still pays the wages of the
>> moneys
>> involved in selling them in the US, just like they always have been.
>>
>>> One or two hops and those dollars are in China, Japan, the UK,
>>> Canada, etc.
>>
>> A small subset of those dollars, actually. And that STILL ensures
>> that china wont
>> see a full depression either, and thats what matters for the US
>> economy anyway.
>>
>>> Even if the work or goods are made or done here,
>>> more of the companies doing it are foreign owned.
>>
>> Fuck all of them are, actually.
>>
>>> (www.economyincrisis.org)
>>
>> Pure drivel.
>>
>>> and the profits go overseas.
>>
>> Bare faced pig ignorant lie.
>>
>>> This cuts the multiplier considerably
>>
>> Pigs arse it does since the same mindless pig
>> ignorant hyperventilation was done about the Japs.
>>
>> The only thing thats changed is that much more of it ends up in
>> china instead of in japan.
>>
>>> (hopefully you've read enough to know what we're talking about).
>>
>> Known what that was about since before you were even born thanks
>> child.
>>
>>> Similarly lowering interest rates to increase monetary supply
>>
>> That isnt why interest rates are lowered.
>>
>>> isn't as useful a tool any more because it only drives the dollar
>>> lower,
>>
>> The dollar is irrelevant to stopping the economy from going into
>> depression.
>>
>>> making oil cost more and pulling foreign investment away from the US
>>
>> The US doesnt need foreign investment, stupid.
>>
>>> (and foreign investment is almost all that keeping us afloat.)
>>
>> Bare faced pig ignorant lie.
>>
>>> Lowering dollar and lowering interest rates make
>>> Japan and China less interested in our treasuries,
>>
>> Bare faced pig ignorant lie. The yuan is close to locked to the
>> USD. And US interest rates still leave those in Japan for dead.
>>
>>> and that's what's financing Bush's deficit spending and war.
>>
>> They get to like that or lump it.
>>
>>> we could go on but an intelligent person will get the idea.
>>
>> Only a very stupid person would run those bare faced pig ignorant
>> lies.
>>
>>> Our customary tools have been broken.
>>
>> Bare faced pig ignorant lie.
>>
>>> The fed is struggling to find ways that might work.
>>
>> Bare faced pig ignorant lie.
>>
>> The credit crunch is quite different to what was last seen.
>> The way of dealing with that is necessarily different.
>>
>>> With luck and ingenuity they might manage.
>>
>> No might about it, they'll manage fine, just like they have for the
>> last century.
>>
>>> But nothing so far looks near clever enough or effective enough.
>>
>> Only in the eyes of pig ignorant fools that dont have a clue about
>> whats actually happening.
>>
>>> But shit idiots like you are still denying we're even in a
>>> recession.
>>
>> Corse that wouldnt be you doing any name calling, would it hypocrite
>> ?
>>
>> And I never ever said a word about a recession anyway, liar.
>>
>>> And clinging to high school definitions and sloppy logic to pretend
>>> we're not.
>>
>>> SO is this where you talk issues or just cant more denials and
>>> names?
>>
>> You in spades, child.
>>
>>> Like I have to ask.
>>
>> You in spades, child.
>>
>
>
> So once again you got nothing. LOL.
You in spades, child.
== 19 of 23 ==
Date: Sat, Mar 15 2008 6:40 pm
From: Wiiliam Souden
Rod Speed wrote:.
>
> No one is ever going to be stupid enough to pay you a cent, liar.
>
>
>
Other than your short lived fast food job who has ever paid you
anything, welfare boy?
== 20 of 23 ==
Date: Sat, Mar 15 2008 6:42 pm
From: Wiiliam Souden
Rod Speed wrote:
> stuff_stuff@comcast.net wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>
>>>> But for the past ten years we've abandoned those fundamentals
>
>>> Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
>
>> The fed is using new tricks
>
> Bare faced lie with interest rates.
>
>> because the old ones won't work.
>
> Bare faced lie with interest rates.
>
>> Do try to keep up.
>
> Let go of your dick before you end up completely blind, liar.
>
>> Go find out what the Term Securities Lending Facility (TSLF) is.
>
> Irrelevant to that lie of yours still at the top.
>
>> Query also when was the last time the Fed bailed out an investment
>> company (not a bank) as they did this week with Bear Stearns?
>
> Irrelevant to that lie of yours still at the top.
>
>
Welfare Rod says "irrelevant" whenever facts contradict his fantasies.
William Souden
Sales fool / racetrack bum
== 21 of 23 ==
Date: Sat, Mar 15 2008 6:42 pm
From: Wiiliam Souden
Rod Speed wrote:
> Never ever could bullshit its way out of a wet paper bag,
> or work out how to avoid premature ejaculation either.
>
>
Welfare Rod uses the paper bog bot when the facts fail him.
William Souden
Sales fool / racetrack bum
== 22 of 23 ==
Date: Sat, Mar 15 2008 6:43 pm
From: Wiiliam Souden
Rod Speed wrote:
>
> So stupid that it blows both feet right off without any assistence what so ever.
>
>
Come on welfare boy, give is the flushing bot, a sure sign that your
welfare money is spent and the meds ran out.
William Souden
Sales fool / racetrack bum
== 23 of 23 ==
Date: Sat, Mar 15 2008 6:44 pm
From: Wiiliam Souden
Rod Speed wrote:
>
> I find it a lot more amusing watching you keep blowing both feet off.
>
> Keep doing it child.
>
>
In the world of welfare boy the above passes for a cite.
==============================================================================
TOPIC: The Beatles.. The Live & The Rare
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/fe7d3716c71a02c4?hl=en
==============================================================================
== 1 of 1 ==
Date: Sat, Mar 15 2008 5:11 pm
From: Hostel
The Beatles.. The Live & The Rare
Collect Now...
http://cdtrade.netfirms.com/HELP1.htm
http://cdtrade.netfirms.com/HELP.html
http://cdtrade.netfirms.com/CDBOOT.htm
==============================================================================
TOPIC: Concerned about home inspection required for homeowner's insurance
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/699f651b1a7086f8?hl=en
==============================================================================
== 1 of 1 ==
Date: Sat, Mar 15 2008 5:40 pm
From: "hallerb@aol.com"
On Mar 15, 11:57 am, trad...@optonline.net wrote:
> On Mar 14, 6:18 pm, "hall...@aol.com" <hall...@aol.com> wrote:
>
>
>
>
>
> > On Mar 13, 11:26�pm, trad...@optonline.net wrote:
>
> > > On Mar 14, 12:08 am, Jeff <jeff@spam_me_not.com> wrote:
>
> > > > muzicia...@yahoo.com wrote:
> > > > > I'm in Florida. My homeowner's provider - Metlife - is non-renewing my
> > > > > policy, apparently pulling out of the state after the 2004 hurricanes.
>
> > > > > I just signed up with a policy through an independent agency with a
> > > > > company called Security First. After first being advised it won't
> > > > > require what they're calling a four-point inspection, now they're
> > > > > saying it will. That's an issue unto itself but...
>
> > > > Google yields this on 4 point inspections:
>
> > > >http://www.square-oneinspection.com/4x/4point.html
>
> > > > The Four Point Insurance Inspection consists of a visual survey of the
> > > > following four primary components:
>
> > > > � � 1. Roof
> > > > � � 2. Electrical
> > > > � � 3. HVAC System
> > > > � � 4. Plumbing
>
> > > > The insurance companies are expecting the condition of the components
> > > > listed above to be working as intended within the manufacturer's
> > > > specifications. The criteria used to judge the components include:
>
> > > > � � �* Current operating conditions
> > > > � � �* Scheduled maintenance requirements
> > > > � � �* Expected service life
>
> > > > � �Why worry about anything else, they aren't.
>
> > > > � �Jeff
>
> > > > > There are some issues with the interior of the house - I've got some
> > > > > of the tile pulled away in a shower stall that had some water seepage,
> > > > > one wall in master bed with the sheet rock removed where I repaired
> > > > > some carpenter ant damage. Also some holes in the sheet rock in the
> > > > > garage - one where I knocked it away to determine where a leak was
> > > > > coming from. Turned out it was just the hot water tank, also a couple
> > > > > of other spots where I cut out a section of sheet rock to inspect for
> > > > > other carpenter ant damage.
>
> > > > > Could this be an issue? Should I scramble to patch these things up
> > > > > before the inspection or is it not a concern? Otherwise the house is
> > > > > in decent shape. Just had a new roof (shingles and paper) put on after
> > > > > the hurricanes.
>
> > > > > What I'm also concerned with is this turning into some kind of
> > > > > extortion/scam - where they "find" problems that they claim need
> > > > > fixing and oh, they just happen to know someone who will do the work,
> > > > > knowing I have to have a thumbs up to get insurance coverage.
>
> > > I don't see why you would worry about this. �You don't even have a
> > > policy with them. �If they fail anything, you can choose whether to
> > > fix it or not and if so who you choose is entirely up to you.
>
> > > As for concern about passing the inspection, I'd say it's hard to
> > > say. � For example they could have a basic reqt that the house has to
> > > be CO worthy. � I think missing sheetrock in the bedroom probably
> > > means it's not. �Worse case they may squak about something. � Then you
> > > can fix it or try another company.
>
> > You dont get it, if their home doesnt pass inspection not only will
> > this company not insure them but no company will. Apparently like
> > credit reporting the info is shared on a national database of some
> > type......
>
> Hmmm, they won't ever be able to get insurance again? It seems a lot
> more likely to me that if the insurance company inspection finds some
> problem of the nature mentioned, ie, some missing drywall, they will
> say they will insure the property provided it is fixed. Perfectly
> normal.
>
> Now, personally, I'd fix the obvious stuff that needs fixing first
> just to avoid any hassles.
>
>
>
> > Try to fix everything you can before the inspector comes.
>
> > or they might fail some stuff and jack up your rates a lot, in florida
> > they are already sky high- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
what i meant is that with any of a long list of supposed troubles they
will be unable to get any company to insure them unless its all
fixed.....
yep fix everything you can and be prepared to meet their rules. or no
homeowners
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