tramp

5 Comments

    • Central Bank Rates Around the World [view article]
      icandoit.. 100% agree.. now what i want to know is: Are you an economist? or just smarter than all the economists who keep saying "Ben had to bail them out" Jun 20 12:13 PM
    • "Rubinomics" Is Back [view article]
      thku4grace.. i totally agree.. Newt gingrich and John Kasich were the sole source of fiscal responsibility during the 90's and somehow it is now all attributed to Clinton;.. in 1995 Clinton said 1 million american babies would die if he signed the welfare reform act.. in 1996, to remain president, he signed it in the most marketed signing ceremony in the history of the presidency.. today he takes sole credit for the reform.. i guess the murder of 1 million american babies is irrelevant if its done for a democrat to remain president.. (it's quite entertaining to do a google search and read some of the attacks from democrats on that particular piece of legislation).. that every democrat in america now takes credit for the work of Gingrich and Kasich is truly the height of irony, as those same people crucified them while they were working to give us a balanced budget; and now today i discover that it was Rubin & Clinton who did it.. AMAZING Jun 17 03:47 PM
    • Freefall Fed Policies? [view article]
      The COD rules in IRC Section 108 did not, prior to amendment, cause income to people who were technically bankrupt after the cancellation. THUS, the only people who benefitted from the amendment were people who had wealth AFTER their foreclosure. Mar 09 04:52 PM
    • Freefall Fed Policies? [view article]
      Rush.. your comments seem well thought out, but one point concerns me. Allowing the defaulting debtor to bid on the "30 cent" paper will encourage the mass psychology of "profiting by default". A huge mistake was made when the "Cancellation of Debt" (COD) income rules were amended. COD had applied from the inception of the income tax laws, as the theory is indisputable. I no longer expect "moral" reasons to encourage people to pay their debts. But the law should encourage it. Once COD no longer was taxable income, one of the BIG reasons to continue making payments was abandoned. The "profiting defaulter" no longer worries about COD. If you're in a home that's upside down, the "Jim Cramer" mentality of ignoring the monthly payment until the bank "makes me a deal" becomes "acceptable" nationwide. The LAST person that should profit from his own default is the defaulter. If you pay people to default, they will default. The debtor has his chance to acquire the property at the "fair market value" in the foreclosure process. To provide him with other less "embarrasing"... means to make a buck on his own decision to not honor his contract will simply encourage it via the "law"; which condones the "Jim Cramer" mindset. Mar 09 04:46 PM
    • How to Make Money While You Sleep [view article]
      so now the obvious question is how do stocks do when congress is NOT in session AND the market is closed Jan 08 08:30 PM
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