Another Citigroup Scandal: Business as Usual for Wall Street [View article]
The Media is in these corrupt Banks Pocket, that is why they don't report this stuff. You are right about the American Public being Numb to this news also. Everything is too much of a Hassle in Life, just let the Government Deal with it, is the General Attitude. Complacency Sucks!!!
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
A coworker once told me that his Uncle poured a Gallon of gas in the cars that were rolling off the assembly line. This was in 1999. He told me he made $27 per hour!!! Somehow these workers were receiving unrealistic paychecks and continued to want more... I understand them wanting, what they THINK is a fair hourly rate, when compared to the PROFITS the Big 3 were making. Delphi workers (who manufactured components of vehicles) rejected taking a pay cut a few years ago, preferring that they put Delphi into bankruptcy. Sorry, but I don't have much Sympathy for Greedy people. I'm sure it started at the top, with the Managers drawing nice Fat Paychecks. This Corporate Greed has destroyed the Corporations ability to compete with our friends in China (which work for roughly $15 per WEEK for 60 hours of work). Remember R-E-S-P-O-N-S-I-B-I-L-... We as a Nation, have become derailed with the "Live Now, Pay Later" mentality. Guess What, "LATER" is here, it's time to pay the piper.
This should be considered a "Good" thing for politicians. The more prices Drop, the easier the solution for the "Affordable Housing" issue. They say they want Affordable Housing, but they write bills to try and prevent the Housing Correction from happening!!! Oh, I get it, they just want to TAX us at the higher ASSESSED Value, but want us all to be able to Afford the Monthly Payment...
California Home Sales: 43% Year Over Year Increase! [View article]
Only because the prices have fallen, are there any sales. I'm not worried of the prices taking off anytime soon, as the money out there is being guarded a bit more careful by the banks... I hope prices continue to decline (To an AFFORDABLE level, that allows me to ENJOY LIFE and also be able to SAVE). I hope almost all lending comes to a halt. That will drive the prices DOWN and maybe I will continue making the same income. I can then live a much less STRESSFUL life.
Just How Terrible Is Housing as an Asset Class? Roubini Weighs In [View article]
So, how can we get rid of the current misguided FED and get Mr. Roubini to take over the reigns, as FED Chairman Can we "VOID" Bernankes' contract, due to incompetence?
Roubini Now Says House Prices to Fall 30% [View article]
Everything is fine, this is America. Wall St. will figure a way to blow smoke up all the Global Investors (Gamblers) butts. :( Cash is King... Greed Kills!!!
Why Tuesday's Surprise Rate Cut Won't Cut It [View article]
Let's have a Dollar Devaluation day. Print tons and tons of a new AMERICAN Currency and move it to the Financial Institutions. On a given Sunday, we cut everything 90%. Our pay, Gas, Food, EVERYTHING. Any bills owed, cut 90%. Then we can compete with the "Emerging" Countries. Go backwards in time to 1960 levels. Then we can sell our goods overseas and make a Killing. Start from scratch... Zat will pizz off the Rich and Incompetent for creating this mess...
I have a Pen and need $5Mil. I have no credit and I make $100K per year. Will someone please lend me the $5Mil ? I want to buy a $1Mil home and a Lamborghini. I figure I can invest the other $3.75Mil and pay back the loan off the Dividends. My name is Black Hole...
No, Pending Home Sales Index Did Not Rise [View article]
Try building a bridge, spanning 1 mile, with NO support. Same here, peoples income has to go hand in hand with housing prices. Now, here is the conspiracy: This is NOT just a US problem, it is a global problem. So, if you expect me to believe all these RICH INVESTORS didn't see this coming... They deserve to get the leg kicked out from under them. They saw it coming, deliberately caused this CHAOS about to hit, as the ones that will fight, tooth and nail, to keep their homes will still net them a profit. Figure it out people. Let the house price come to the peoples income, not the peoples income being STRETCHED out to the housing prices.
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Latest | Highest ratedCramer's Stop Trading! Citigroup Is Red Hot (8/11/09) [View article]
I view them and their being BAILED OUT Twice by the Taxpayers as Public Enemy # 4.
Right After Public Enemy #1 being THE FED (Under Greenspan and Bernanke)
Public Enemy #2 The Treasury Dept. (Under Paulson)
Public Enemy #3 Goldman Sachs (And Paulson)
Public Enemy #4 Citigroup
Public Enemy #5 AIG
Public Enemy #6 Bank of America
Do I need to keep going?
Another Citigroup Scandal: Business as Usual for Wall Street [View article]
You are right about the American Public being Numb to this news also.
Everything is too much of a Hassle in Life, just let the Government Deal with it, is the General Attitude.
Complacency Sucks!!!
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
This was in 1999.
He told me he made $27 per hour!!!
Somehow these workers were receiving unrealistic paychecks and continued to want more...
I understand them wanting, what they THINK is a fair hourly rate, when compared to the PROFITS the Big 3 were making.
Delphi workers (who manufactured components of vehicles) rejected taking a pay cut a few years ago, preferring that they put Delphi into bankruptcy.
Sorry, but I don't have much Sympathy for Greedy people.
I'm sure it started at the top, with the Managers drawing nice Fat Paychecks.
This Corporate Greed has destroyed the Corporations ability to compete with our friends in China (which work for roughly $15 per WEEK for 60 hours of work).
Remember R-E-S-P-O-N-S-I-B-I-L-...
We as a Nation, have become derailed with the "Live Now, Pay Later" mentality.
Guess What, "LATER" is here, it's time to pay the piper.
Inverse (Short) Market Cap ETFs [View article]
Home Price Reality Check [View article]
Oh, I get it, they just want to TAX us at the higher ASSESSED Value, but want us all to be able to Afford the Monthly Payment...
California Home Sales: 43% Year Over Year Increase! [View article]
California Home Sales: 43% Year Over Year Increase! [View article]
Just How Terrible Is Housing as an Asset Class? Roubini Weighs In [View article]
Roubini Now Says House Prices to Fall 30% [View article]
Greed Kills!!!
Why Tuesday's Surprise Rate Cut Won't Cut It [View article]
No End in Sight to Banking Crisis [View article]
Look What They're Saying About the Housing Market [View article]
Ditech.com says people are SMART.
GW said today (Dec. 17th, 2007) that the "Housing Bubble" isn't as bad as it is being made out, and that the economy is fine also.
So, it's OK right????
Life goes on, just print more Dollar Bills.
No, Pending Home Sales Index Did Not Rise [View article]
Same here, peoples income has to go hand in hand with housing prices.
Now, here is the conspiracy: This is NOT just a US problem, it is a global problem.
So, if you expect me to believe all these RICH INVESTORS didn't see this coming... They deserve to get the leg kicked out from under them.
They saw it coming, deliberately caused this CHAOS about to hit, as the ones that will fight, tooth and nail, to keep their homes will still net them a profit.
Figure it out people.
Let the house price come to the peoples income, not the peoples income being STRETCHED out to the housing prices.