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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (42810)	11/16/2008 6:31:17 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217865

Quote - It is not in most people's experience to witness a complete breakdown of financial controls that does not impair one's ability to continue to borrow more money—indeed, access to more money is near infinite and this situation is combined with decision making driven by personal profit and imagined sexual potency. One of the examples given was Jamie Gorelick, (1, 2) who joined Fannie Mae as vice chairman from 1997 to 2003 after engineering the move to private for-profit prisons as deputy attorney general in the Clinton Administration. Gorelick's name received national attention as a member of the 9-11 Commission and close advisor to Hillary Clinton. Gorelick got Fannie Mae compensation and bonus payments of $26 million, which she gets to keep. However, the bill stipulates that Americans at risk of foreclosure who get a mortgage workout must share future equity capital gains with the government. The challenge that U.S. Treasury Secretary Hank Paulson faces when working out the problems with Fannie Mae or Freddie Mac is that a significant number of mortgages that serve as collateral for U.S. mortgage-backed securities markets are not real. They do not exist.

To: Riskmgmt who wrote (42810)	11/16/2008 3:07:28 PM
From: TobagoJack	5 Recommendations Read Replies (1) \| Respond to of 217865

here is something else, watch the idiots laughing, but back in 2006 Peter Schiff Was Right 2006 - 2007 (2nd Edition) aleablog.com featuring Arthur Laffer, Ben Stein and Dow 16000 watch twits recommending buying mer, gs, bsc, and homes, and watch peter schiff being laughed at by jerks and wastrels and fox tv, which itself is twitty, watched by idiots and wastrels, and by folks who enjoys a good laughing at fox tv and people who watch fox tv Cheers, TJ

To: Riskmgmt who wrote (42810)	11/17/2008 6:22:26 AM
From: TobagoJack	5 Recommendations Read Replies (3) \| Respond to of 217865

funny, just in in-tray Asian twist to explain the financial crisis.... by a HK genius. One day, a plain-looking man came with a pretty-looking office lady to the LV store in Causeway Bay Hong Kong Island. He chose an LV bag worth HKD 65,000 for the office lady. When it came time to pay, the man took out a cheque book and wrote out a cheque. The salesperson was hesitant because the couple hadn't shopped there before. The man discerned what the salesperson was thinking and he said calmly: "I sense that you are concerned that this cheque may bounce, right? Today is Saturday and the banks are closed." "Let me suggest that I leave the cheque and the handbag here. When the cheque clears on Monday, you can deliver the handbag to this lady. How about that? The salesperson was reassured and gladly accepted the suggestion. In addition, he waived the delivery charges. He promised that he would personally make sure that this gets done. On Monday, the salesperson took the cheque to the bank. The cheque bounced! The irate salesperson called up the client, who told him: "What is the big deal? Neither you nor I have suffered any loss. Last Saturday night, I went to bed with that girl already! Oh, by the way, I thank you for your cooperation." This story reveals the nature of the sub-prime mortgage crisis. When people have high hopes for huge future returns, they lower their guard about the potential risks. This pretty girl thought that the HKD 65,000 LV bag was going to come home on Monday, and so she lowered her guard. Therefore, she believed that her investment in the ONE NIGHT STAND was worth it even though it was based upon huge and highly uncertain risks. Investment companies are great with packaging high return (but high risk) deals. The Chinese stock speculators are like this pretty woman. As such, they deserve to lose money. Without people like these, how are people going to make money from the stock market? As for the media and the stock analysts, they often play the role of the LV salesperson.