Replies to post #68739 on Tornado Alley (PROG)

[JamaicaBaby]

uh huh, want some coffee?



.....that caused the middle class to bail out the upper 1-2% of society, Wall Street, Hollywood, government/lobbyists/foreign interest.

I mean really how many millions does one person need to live within their means. Why should I help financially support peeps who either refuse to work, or who work to the tune of a gazillion dollars a year, plus a bonus (this last financial package, just signed)... so that states would not default, and small biz could do their payroll.....

so, what is your point.

I bet while all the new money (middle class WORKING peeps hoping to ride the WAVE) bought into the bubble, while all of wall street, hollywood, and govt officials were... selling?

yeah, thought so.


Cream or sugar, F6?

[JamaicaBaby]

Right I was talking of the last bubble.. during BUBBA , the tech bubble.


Ah, yes you meant THIS bubble, the real estate one.. right, actually I have a close relative who took a cold call last summer from their broker, to BUY fannie, I'm guessing if you pull up a chart for argument sake..let's say they bought @ $10/share (fixed income, growth type vehicle, sounded great, US backed security.. what's wrong with this picture,.. um, what is fannie worth today? pennies? I don't play financials, airlines, etc....just bios, and now back into techs,,and guess what those funds are green since I jumped back into the market a few weeks ago.



The ONLY good thing about Uncle Sam holding most of the defaulted mortgages is that foreign interest can not buy US property.. just the stock,, like an etf, right?

Am i right?

mmmmm,,......java, muy delicioso!