seffieandcoco

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    • Sat Sep 27th 10:27 AM | Rating: 0 0
      Commented on:
      WaMu Shows, Again, Smart Money Can Be Wrong
      Insiderman makes some good points. It was politically correct to let people with no money and no income own homes. It was a terrible idea. But the bulk of the disaster is going to be Alt A where a lot of decent earners fell because they wanted the granite and the new appliances. That was no government policy.......that was greed on all sides.
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    • Sun Sep 7th 13:08 PM | Rating: 0 0
      Commented on:
      Forget the Moral Outrage: Just Restore the Mortgage Markets
      The problem is not mortgage availablility......it is income availability........th... housing market, once the speculative expectation is gone, can only be supported by the income of the people living in the houses......the days of free living on house appreciation are over and housing will be worth what it is......a roof.......The whole premise of the GSE's was flawed and remains flawed......you are dreaming if you think that housing can be stabilized by a nation without industry and stable work......until there is a sound industrial policy in this country housing will continue to drop to rental value.........
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    • Sun Sep 7th 13:02 PM | Rating: 0 0
      Commented on:
      The Two-Ton Wall Street Conflict of Interest Few Dare To Talk About
      I am always amazed that those getting a government check seem to be the ones that complain about government intervention the most......and I include the investment class......without manipulation by the fed the wealthy classes in this country would have been wiped out by a stock market meltdown........it is not just tax policy but it is fed policy that is making the wealthy rich........imagine if you were living on a fixed income!!!! And if the trickle down effect is so effective why do they not give us a tax rebate when we are high earners? We will trickle down more to the gardeners and nannys so they can send more dollars to their native countries.
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    • Mon Aug 25th 14:26 PM | Rating: 0 0
      Commented on:
      Obama Is Bad for the Economy - Barron's
      I commend user 21284 and concur.......having made millions in the bond market myself during the runup I do think I deserve some sort of tax reward......I have three boats, two houses, one condo and six cars.....and I spend a lot of money on illegal aliens who do my yard and take care of my house as well as paint and maintain my boats......
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    • Sun May 25th 22:11 PM | Rating: 0 0
      Commented on:
      America's Energy Policy: Coming to Terms with Reality
      We need to have a manhattan project to get fusion power online in the next decade. As soon as the producers hear that we mean science and business the price will collapse. Methinks that the Arabs are paying off the congress.
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    • Mon May 19th 09:53 AM | Rating: 0 0
      Commented on:
      Bernanke's Fed: Fox in the Henhouse
      The oil price has to go up a bit more to make the alternative energy story take off.....but with the increase in dollars worldwide that might not take too long
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    • Sat May 17th 23:22 PM | Rating: 0 0
      Commented on:
      Why GE's Selling Its Appliance Division
      It is not the management that has sent all these jobs overseas........it is the doctors and the lawyers......and the workers
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    • Sat May 17th 23:22 PM | Rating: 0 0
      Commented on:
      Why GE's Selling Its Appliance Division
      Oh I go on........and GE provides good health benefits for its employees....and even if Haier was to have a United States facility it does not have to worry about health benefits. GE spends another 7000 per year on health insurance for every employee and when you add the families and the hangers on it is a lot more........they just cannot make washing machines profitably on that.......Something has to give.......
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    • Sat May 17th 23:19 PM | Rating: 0 0
      Commented on:
      Why GE's Selling Its Appliance Division
      And I would add that from my perspective GE's manufacturing management is second to none worldwide..........it is all in the politics and PR.......and I have done a lot of work for GE over the years.....if the Unions and the worker's comp attorneys were flexible they could make a good product with reasonable wages and good profits but doing heavy manufacturing in this litigation laden hell is just not going to work.....And the next place this is going to happen is in jet engines........right now they have a lot of work since we are in Iraq burning up a lot of turbines.......and they have to be domestically sourced.........but Brazil and the third world have engine rebuild facilities equal to ours and that is where the commercial work is headed. In ten years the entire manufacturing process will be overseas.....same problem......The IAM better wake up soon but I think the ages of the employees are just too high to enable them to think about who is going to be making these jet engines in 15 years....as long as they get their retirement checks and worker's comp awards.......who cares? Their kids can work for the government as firemen or policmen or prison guards at 200K per year.
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    • Sat May 17th 23:12 PM | Rating: 0 0
      Commented on:
      Why GE's Selling Its Appliance Division
      I think the commenter on the Appliance Park wages hit it on the head. GE should stay in the appliance business from a historical and ethical and patriotic standpoint. We do not need to create more McJobs....but the wages and benefits for GE employees are huge....I have seen it first hand......and when you add worker's comp and the litigation and the fact that our comp laws are so liberal that the normal ageing process gets stuck on GE's bill,,,,
      Haier can buy it and make the appliances in China and ship them here for a lot less than it costs to make them in Louisville......or if shipping is an issue Haier can make them in Mexico and ship them across the border. Politically GE can't do that. So the sale is really about politics and PR. They know that something has to be done drastically but they just can't, as an American icon, do the dirty work themselves.
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    • Sat May 17th 23:04 PM | Rating: 0 0
      Commented on:
      How to Default on Your Mortgage and Stay in Your House
      There is no fault........everyone was greedy........the homeowners were not innocent.......they were all equally greedy........and the homeowners should simply walk...........
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    • Sun Apr 20th 13:04 PM | Rating: 0 0
      Commented on:
      Exercise Your Capitalism
      good article......corporate governance is the biggest issue we face. Our country is controlled by the corporations and the stockholders have little voice. The regulations need to be modified to give the stockholders control of the corporations. They could have it even now but they cannot act with a unified voice. Some method has to be found to strengthen the voice of the stockholders. Now we just sell a stock when the CEO pay goes through the roof.......
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    • Sun Mar 9th 13:35 PM | Rating: 0 0
      Commented on:
      Executive Compensation: Common Sense, Not Politics
      While it is true that it is none of the governments business the protected state of a corporation with limited liability is a gift from the state. In other words the government has given corporations a special place that enables them to have limited liability. What this really means is that an investor wins or loses but is not liable for more than the investment. This privilege was provided in this country to enable corporations to exist so that projects like the Erie Canal could be built. These big projects needed a lot of money and an individual simply could not finance them. What we have now are corporations......char... by the state on the basis that they would help the state develop its economy.....shipping jobs overseas and doing labor arbitrage. Obviously, what corporations do is entirely within the realm of the responsibility of the state. Otherwise, let us convert them to general partnerships and let Angelo Mozilo, or Stan O'Neal, Nardelli and their ilk be responsible for the huge monetary losses.
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