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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (403823)	8/2/2008 7:00:54 PM
From: tejek	Read Replies (4) \| Respond to of 1573920

I love the way they are staging these bank closings over the weekend.....no hysteria, no muss, no fuss, no inconvenience. But will the FDIC have enough in reserve to cover the costs? That is the million question at this point. Fla. Bank Shuttered; SunTrust to Take Over Branches By David Mildenberg and Alison Vekshin Bloomberg News Saturday, August 2, 2008; Page D03 First Priority Bank of Bradenton was closed by Florida state regulators yesterday, the eighth bank to collapse this year as lenders grapple with failed loans and writedowns stemming from a slump in home prices. First Priority, with $259 million in assets, was turned over to the Federal Deposit Insurance Corp., the agency said in a statement. The bank's deposits were sold to SunTrust Banks, and six First Priority branches will open Monday as SunTrust offices, the FDIC said. The pace of closings is accelerating. Banks and securities firms have reported more than $480 billion in writedowns and credit losses since 2007, when three banks were shuttered. Regulators in July closed IndyMac Bancorp, a California-based mortgage lender with $32 billion in assets, the third-largest bank seizure in U.S. history. "The only thing sure other than death and taxes is that deposit insurance premiums will be going up as more banks fail," said Gerard Cassidy, an analyst with RBC Capital Markets in Portland, Maine. He expects 300 U.S. banks to fail in the next several years, mainly because of mounting losses from real estate-related loans. SunTrust will buy about $227 million in deposits for no premium, while acquiring about $42 million in assets, the FDIC said. The transactions will cost the U.S. deposit insurance fund an estimated $72 million, the FDIC said. read more........ washingtonpost.com

To: Road Walker who wrote (403823)	8/4/2008 7:49:35 PM
From: TimF	Read Replies (1) \| Respond to of 1573920

That has to do with regional COGS. That's part of it. A very big part if your including taxes. In any case it is a price difference. Also its not just different regions that have variations, you have variations within a region as my post pointed out, or as you can tell by driving around a bit looking at prices, or looking up prices on any of several internet sites. So the prices really are not all that similar, but if they where, it wouldn't indicate much. Whatever the pricing pattern you have someone can use it to claim your doing something they think is wrong, and their claim is probably nonsense, or at least totally unsupported - " If your price is higher than your competitors than you're "gouging", if it's lower your "engaging in unfair competition", if its exactly the same "you're colluding"." Message 24182041 My "profits" aren't my savings, but my after tax income. You need to change your thinking... the old adage is "pay yourself first". Saving and investing is a good idea, and I invest a good chunk of my income. But that doesn't change the fact that my overall "profits" in this context or analogy, or the closest analogue to them, is my after tax income, not my investments. If I "changed my thinking" about that than I would be changing it to assume something that is incorrect.