Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks, so for the time being, I would assume it's just business as usual at wamu branches.
Buzz
What does that mean to wamu bank account holders? They become jp morgan?
Buzz
Oh, not cash. SHares of that pos, LOL. eom
i gave my 700 billion to urban casavante
This email is circulating, but it must have been composed by a former cmkx stockholder. They obviously have a problem with math since 85 billion divided by 200 million is actuall $425.00 per person
No doubt, you have to love this idea!
> >
> > The Birk Economic Recovery Plan
> >
> > I'm against the $85,000,000,000.00 bailout of AIG.
>
> >
> > Instead, I'm in favor of giving $85,000,000,000 to
> America in
> > a We Deserve It Dividend.
> >
> > To make the math simple, let's assume there are
> 200,000,000
> > bonafide U.S. Citizens 18+.
> >
> > Our population is about 301,000,000 +/- counting every
> man, woman
> > and child. So 200,000,000 might be a fair stab at
> adults 18 and up..
> >
> > So divide 200 million adults 18+ into $85 billon that
> equals
> $425,000.00.
> >
> > My plan is to give $425,000 to every person 18+ as a
> > We Deserve It Dividend..
> >
> > Of course, it would NOT be tax free.
> > So let's assume a tax rate of 30%.
> >
> > Every individual 18+ has to pay $127,500.00 in taxes.
> > That sends $25,500,000,000 right back to Uncle Sam.
> >
> > But it means that every adult 18+ has $297,500.00 in
> their pocket.
> > A husband and wife has $595,000.00.
> >
> > What would you do with $297,500.00 to $595,000.00 in
> your family?
> > Pay off your mortgage - housing crisis solved.
> > Repay college loans - what a great boost to new grads
> > Put away money for college - it'll be there
> > Save in a bank - create money to loan to
> entrepreneurs.
> > Buy a new car - create jobs
> > Invest in the market - capital drives growth
> > Pay for your parent's medical insurance - health
> care improves
> > Enable Deadbeat Dads to come clean - or else
> >
> > Remember this is for every adult U S Citizen 18+
> including the folks
> > who lost their jobs at Lehman Brothers and every other
> company
> > that is cutting back. And of course, for those serving
> in our Armed
> Forces.
> >
> > If we're going to re-distribute wealth let's
> really do it...instead of
> > trickling out
> > a puny $1000.00 ( "vote buy" ) economic
> incentive that is being proposed
> by
> > one of our candidates for President.
> >
> > If we're going to do an $85 billion bailout,
> let's bail out every adult U
> S
> > Citizen 18+!
> >
> > As for AIG - liquidate it.
> > Sell off its parts.
> > Let American General go back to being American
> General.
> > Sell off the real estate.
> > Let the private sector bargain hunters cut it up and
> clean it up.
> >
> > Here's my rationale. We deserve it and AIG
> doesn't.
> >
> > Sure it's a crazy idea that can "never
> work."
> >
> > But can you imagine the Coast-To-Coast Block Party!
> >
> > How do you spell Economic Boom?
> >
> > I trust my fellow adult Americans to know how to use
> the $85 Billion
> > We Deserve It Dividend more than I do the geniuses at
> AIG or in Washington
> > DC.
> >
> > And remember, The Birk plan only really costs $59.5
> Billion because $25.5
> > Billion is returned
> > instantly in taxes to Uncle Sam.
> >
> > Ahhh...I feel so much better getting that off my
> chest.
> >
> > Kindest personal regards,
> >
> > Birk
> >
> > T. J. Birkenmeier, A Creative Guy & Citizen of the
> Republic
> > &nbs p;
> >
> > PS: Feel free to pass this along to your pals as
> it's either good for a
> > laugh
> > or a tear or a very sobering thought on how to best
> use $85 Billion!!
> >
Now es only up 12. another gap and crap set up.
Buzz
congrats on the trade!!! eom
Only if I maintain internet sales rights. eom
little short covering rally in oil today. understatement of the year, lol.
Buzz
you two should really just get a room and let your latent man love for one another express itself with a little baby oil wrestling.
Buzz
still no where near the one teens. eom
several perma-bears are pointing out the last time the dow had back to back percentage gain days like thurs and fri, here's what happened. just food for thought, and i don't think this will be the case now, but just to put it all in perspective:
buzz
s and p futs down 27 right now, btw, from friday's close.
Buzz
The consumer still has to get back in the game, and this bank bailout does nothing to help the consumer.
Buzz
Just because you can't initiate new shorts in financials doesn't mean the market can't go down. We may see final selling into this really, as many will view this as their last chance to get out if there's continued weakness over the next year.
Buzz
I'm taking tomorrow off, and back to the futs Monday. I traded today, against my rules, but I got too many very very strong signals in both direction, had a record day, and am taking tomorrow off. Have football practice w/ my team anyway, and we have our 1st scrimmage, so have to prepare.
(5th grade 8 man flag football, all eligible)
Buzz
we'll call it "gold" friday. eom
maybe more. eom
500 point up day tomorrow. eom
Can they do that? LOL. We live in a totalatarian state.
Buzz
Snap back short covering on quad witch thursday - the bear ain't done yet.
Buzz
Maybe cause they're spending so damn much money proppin up the markets for the last two years. Liquidity pumps by the fed have gone way over what they used to be starting last summer.
Buzz
'Naked Shorting' Crackdown Exposed as Another Failed Effort to Prop Up Stocks
Posted Sep 18, 2008 01:31pm EDT by Aaron Task in Investing, Recession, Banking
Related: GS, MS, GE, XLF, JPM, ^DJI, ^GSPC
Updated from 1:31 p.m. EDT
If the effort was primarily aimed to stem declines in Morgan Stanley and Goldman Sachs, as was widely reported, the new SEC rules to prevent "naked shorting" are shaping up to be a miserable failure. (Which may explain John McCain's calls for SEC Chairman Cox to be fired.)
Update: To be fair, the new SEC rules will penalize anyone who doesn't deliver shares within three business days of the effective date (today), so it's premature to judge their success or failure.
Still, the new SEC rules will penalize anyone who doesn't deliver shares within three business days, so it's premature to
After rallying Thursday morning, when the new restrictions went into effect, Morgan and Goldman shares slumped midday in concert with the broader market.
Update: At approximately 2:25 p.m. EDT, Morgan shares were down more than 20% and Goldman by 11%, adding to massive declines in recent days.
The new rules against naked shorting -- the already illegal practice of betting against a stock without a contract to borrow the shares -- will "change the structural DNA" of the capital markets, says Todd Harrison, CEO of Minyanville.com, who has no positions (long or short) in Goldman or Morgan.
But forcing hedge funds to focus more on compliance vs. trading will not solve the ongoing crisis, says Harrison, a former trader at hedge funds Galleon Group and Cramer Berkowitz.
The government is "playing a game of chicken with the underlying imbalances" created by the various and sundry efforts to keep the economy afloat after the bursting of the tech bubble and 9/11, he says. The current turmoul is a "natural and overdue" downside from those efforts and the government's efforts, no matter how well intended, can't prevent it from occurring, Harrison says. "Only time and price" can solve what's ailing the financial markets.
nuke iraq, and iran while we're at it, and shit, throw in afghanistan for good mesure, and quit wasting money there. what's a nuke cost to make now? lot less than we're spending in iraq, not to mention the wasted american lives.
Buzz
I don't understand why you call me a liberal? I'm a Republican in the truest sense of the word. The current Republican party is not even close to the fundamentals that the Republican party was formed on. Ron Paul type Libertarianism is the closest thing to that. I believe in
- less government intervention, especially in private sector and financials
- give a person the right to make individual choices, i.e. abortion, marijuana, religion. the government has no business interfering with people's rights in these areas.
- separation of church and state. Thomas Jefferson et al would be appalled by the influence of the religious right in the republican party today.
- protection of our environment. go back and read what ben franklin and others had to say about this. This is where you think I'm a liberal, but it's fundamental to our survival.
- less taxes, including the rich. those who earn more are the same ones who will take risks starting new businesses in new areas, thus providing more jobs in the private sector.
These are ther principles that founded our country and the republican party. It's not what we have today.
Thomas Jefferson, Ben Franklin, George Washington - they were not only liberals, they were revolutionaries!
Buzz
May have to to avoid bear raids eom
LOL toldya last night, gonna be volatile today.eom
Yes, traders will jump on stuff, but joe public may be afraid to get back in yet.
Buzz
Yes, largest percentage move ever yesterday, another big move tody, that is panic.
buzz
But Greenspan CREATED the bubble. Of course he knew about it. He gave away free money for years and years, then encouraged the consumer to cash out equity in their homes to feed the economy, all while he KNEW the run in real estate was out of control and couldn't last.
buzz
It will take 10 years to fix the mess bush has made. I still don't blame bernanke. He inherited this mess from greenspan.
Greenspan has done more damage to the us economy than any man in history, imo.
Buzz
Yes. I am finally beginning to see panic setting in. I'd like to see a 500 to 700 point drop here to confirm panic and capitulation. Then, I'd look for a bottom for a bit - 9,600 to 9.800 impact low.
Buzz
10,6 dow and 1160 s and p went and this is not good. If 10,5 dow doesn't hold, crash to 10,2 in a hurry.
buzz
Words of wisdom from the Yak. One day when you are gone, they should put that on your tombstone.
Buzz
Very informative post, thank you. eom
U should see the battle going on right now ES at 1160. I mean, just a brutal tug of war right now.
Buzz
Fed can't pump too much into futures right now to support. They pissed it all away on aig and saving the money markets.
Buzz
Another gap and crap. If we take out yesterday's lows, stops are going to hit big time. Crash scenario right now. See if the bulls have any balls here to defend.
Buzz
If I feel like shorting and I'm naked, there is NOTHING the SEC can do about it! I might be naked right now!
HAHAHAHAHAH
Buzz