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Today's topics:
* lvfashionworld.com Reebok NFL Equipment New England Patriots Navy Authentic
Customized Jersey - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/f5bfa24beeec3b65?hl=en
* Math on the bailout doesn't add up... - 2 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/3213ff522966e10e?hl=en
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TOPIC: lvfashionworld.com Reebok NFL Equipment New England Patriots Navy
Authentic Customized Jersey
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/f5bfa24beeec3b65?hl=en
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== 1 of 1 ==
Date: Sun, Oct 12 2008 9:17 pm
From: creditbiz38@gmail.com
Mesh body
Dazzle shoulders, sleeves & sides
Tackle twill numbers & lettering
Embroidered NFL equipment logo at the neck
Rib knit collar
Jock tag
V-Neck
Drop tail
100% Nylon
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TOPIC: Math on the bailout doesn't add up...
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/3213ff522966e10e?hl=en
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== 1 of 2 ==
Date: Sun, Oct 12 2008 10:13 pm
From: Michael Coburn
On Sun, 12 Oct 2008 05:07:33 -0400, Neil Jones wrote:
> Jitney wrote:
>> It is hard to find statistics on the mortgage crisis, so I'm making an
>> estimate. There are about 100 million households in the USA, assuming
>> 10% are in default or foreclosure, which I think is a high estimate,
>> subtracting rentals from the 100 million (if you can refute me from a
>> credible authority, I would love to be corrected). Ten million divided
>> into 700 billion works out to $700,000 per distressed property, which
>> should on the average buy out each property twice. What is happening to
>> the rest? I think this is a massive raid on the US treasury, with a
>> threat of a Great Depression if we don't pay up, and that isn't even
>> counting AIG, Countrywide, Fannie Mae, Freddie Mac, and Bear Stearns.
>> Wall Street is stealing more than the Huns that raided the Roman
>> Empire, with similar results. And this is not the end. Congress forked
>> over 25 Billion to the automakers, the airlines are next, and who then?
>> Ben and Jerries? We are looking at a new Dark Ages.
>
> McCain's plan to buy back bad mortgages from owners is rewarding bad
> behavior of people who could not afford those houses. If I had known
> this, I would have bought a huge home and waited for McCain to come and
> rescue me. Darn it.
>
> According this McCain's plan, all normal people living within their
> means are stupid and greedy behavior should be rewarded. Isn't McCain
> supporting one of the christian principles in "The 7 deadly sins" which
> is GREED? (I am not a christian but I like somethings in Christianity).
It is a case by case basis that should recognize that there was a bubble
caused by the Wall Street Weasels and encouraged by the "We don't want no
stinkin' regulation" Republican government.
However:
You will not convince me that a person that put no money down on a
subprime loan is supposed to be "saved" by a bailout. The person will be
"inconvenienced" if forced to move to other accommodations. But the
person has been minimally harmed financially. This assumes a rewrite of
the bankruptcy code and the tax code to prevent enslavement of the home
buyers who in most cases were acting in goof faith.
== 2 of 2 ==
Date: Sun, Oct 12 2008 11:36 pm
From: Michael Coburn
On Mon, 13 Oct 2008 05:13:35 +0000, Michael Coburn wrote:
> On Sun, 12 Oct 2008 05:07:33 -0400, Neil Jones wrote:
>
>> Jitney wrote:
>>> It is hard to find statistics on the mortgage crisis, so I'm making an
>>> estimate. There are about 100 million households in the USA, assuming
>>> 10% are in default or foreclosure, which I think is a high estimate,
>>> subtracting rentals from the 100 million (if you can refute me from a
>>> credible authority, I would love to be corrected). Ten million divided
>>> into 700 billion works out to $700,000 per distressed property, which
>>> should on the average buy out each property twice. What is happening
>>> to the rest? I think this is a massive raid on the US treasury, with a
>>> threat of a Great Depression if we don't pay up, and that isn't even
>>> counting AIG, Countrywide, Fannie Mae, Freddie Mac, and Bear Stearns.
>>> Wall Street is stealing more than the Huns that raided the Roman
>>> Empire, with similar results. And this is not the end. Congress forked
>>> over 25 Billion to the automakers, the airlines are next, and who
>>> then? Ben and Jerries? We are looking at a new Dark Ages.
>>
>> McCain's plan to buy back bad mortgages from owners is rewarding bad
>> behavior of people who could not afford those houses. If I had known
>> this, I would have bought a huge home and waited for McCain to come and
>> rescue me. Darn it.
>>
>> According this McCain's plan, all normal people living within their
>> means are stupid and greedy behavior should be rewarded. Isn't McCain
>> supporting one of the christian principles in "The 7 deadly sins" which
>> is GREED? (I am not a christian but I like somethings in
>> Christianity).
>
> It is a case by case basis that should recognize that there was a bubble
> caused by the Wall Street Weasels and encouraged by the "We don't want
> no stinkin' regulation" Republican government.
>
> However:
>
> You will not convince me that a person that put no money down on a
> subprime loan is supposed to be "saved" by a bailout. The person will
> be "inconvenienced" if forced to move to other accommodations. But the
> person has been minimally harmed financially. This assumes a rewrite of
> the bankruptcy code and the tax code to prevent enslavement of the home
> buyers who in most cases were acting in goof faith.
That was to have been "good faith" as opposed to "goof faith".
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