hypratt

Don't Get Sanguine About This Bill

Wake up, this has not been our government for a long time. It has been in the hands of the lobbyist. It takes $200 million to get elected to the position of President (that only pays $400,000). Two years ago the Democrats told us "Elect us, we will get us out of Iraq", but have not put a single bill forward to do so. When Newt Gingrich and the Republicans took over with their promise to America and then got in troulble because of ties to Jack Abrahamoff (the lobbyist). Both parties in this two party system are corrupt and yet they have changed the rules that make it so difficult for a third party to have more than a slim chance to get one or two elected. Yes, we should throw them out for this bailout as we should have thrown them out many, many times before. Let us try something different this time. Vote for Libertarians, Ralph Nader, the Green Party and any other third Party candidate. Do not vote for either Democrat or Republican. We the people can make change, we can take back our system of Government. For those of you who say that you do not want to waste your vote by supporting someone who cannot win and to those of you who vote for someone because you feel that they are the lessor of two evils I say BULLSHIT. Neither McSame nor Nobama are good choices and it is surprising that they both made it this far. Both are for this BAILOUT. So remember... you want to vote out anyone who votes for this bailout but you will continue to elect a president with the same take care of the lobbyist views as the ones that you want to oust.

When It Rains, It Pours

Stop this Bailout. Since those of us who pay our mortages on time are really more valuable than thought previously. This whole mess started with greedy bankers and mortgage brokers offering obsurd rates and adjustable loans (some of which were interest only) and lent money to those who could fabricate any kind of income in order to make a purchase (greedy borrowers)

My solution: Reduce the interest rate by 1% on all existing mortgages thus lowering the payments for those of us who read the fine print and only but things that we can afford. It will also leave more discressionary funds available most of which would end up back in the economy and be a number higher than anyamount the a bailout could create. Then, let those companies fail that got themselves overloaded with all of this toxic crap

If you or I make a high risk investment hoping to make huge gains and it turns out that if something looks too good to be true it usually is there is noone there trying to make a backroom deal to save us.

All of this occurring just prior to an election and the alarm bells don't ring inside the brains of most of you.

This is probably too simple of a solution because there would be no way for the politicains, lobbyists and the over-compensated CEO's to line their pockets at our expense.

No Wonder the $700 Billion Bailout 'Deal' Failed

My solution: Lower the interest rate by at least 1% on all existing mortages. Instead of rewarding those who created this problem (the borrowers who are defaulting, the mortage bankers who sold these adjustable mortages, the companies the packaged and sold these "bad loans", etc. Then let those companies that hold all of this crap cease to exist. The economy would not melt down as those "Chicken Littles" are saying. By lowering the interest rate and thus the payments for the rest of us that pay our bills it leaves a greater amount to be pumped back into our economy than any amount of Bailout and at the same time we do not add to the debt that we will already have.

Let Bush and Paulson figure out another way of lining their pockets at our expense.

The T. Boone Pickens Approach

Everyone always talks about all of the $$$ that go overseas when the price of oil goes up. Here is something to consider: Exxon, Chevron and Conoco all rake in huge profits and use that money to buy back their shares instead of putting it into solutions that would be good for the country (and themselves) like T. Boone Pickins. When the price of oil went up from $125 to $147 per barrel the price of gasoline went up 65 cents per gallon and yet now that oil has come back down to $125 per barrel gas has come down 10 to 15 cents per gallon. Maybe it is time that we nationalize the oil industry like Hugo Chavez did. After all, we still subsudize these same oil comglomerates to the tune of $1 billion.
Ever heard of the Ice Age? One theory that it was caused by a huge meteor. Maybe someone should be working on creating a man made one to lower the warming trend. Climate change happens all of the time.

Not Just Another Bear Cycle

These certainly are troubling times financially. Who can tell how long it will last. Then look at our two top choices for President. Twiddle Dee says that we should stay the course and keep paying thru the nose in IRAQ while Twiddle Dum wants to get out and use the money to pay for health care. This is of course with borrowed money anyway. Why are they our choices? Because most of us are too stupid to vote for someone who thinks that we should have a balanced budget and no deficit. The savings on the interest could be used in a lot of beneficial ways one of which would be to shore up Social Security. I was hoping that someone like Bloomberg would throw his hat in the ring. He certainly did not get to be a billionaire by spending more money than he made. Some of my friends say that he would not look out for the little guy because he is rich. So rich that he would not have gotten us into Iraq just to make billions of dollars for his cronies in charge of all of the no bid contracts that were issued. (Halliburton comes to mind).

Fannie and Freddie: When the GSEs Go, So Goes the Dollar

Here is an idea, an across the board lowering of interest rates on all existing mortgages instead of attempting to help only those cash strapped borrowers and bailing out the banks who tried to take advantage of those with poor or no credit. That would be the very ones that all contributed to the massive problem that exists. The rates do not encourage any savings. While we are at it let's reduce the exhorbenent rates that are charged by the credit card companies to say a maximum of 10%. Both of these reductions would certainly leave more available cash to fund our consumer driven society. It is always about profit, profit, profit. Just what do all of these companies need with hoardes of cash but to buy other companies anyway.

Is Smallcap Volatility Pain Worth the Gain?

Bear Stearns was a large cap. No pain there. Or Enron, Worldcom need I go further. As for neuropeptides give me a break. You forgot to analyze what color the logo of the company has to do with whether or not the stock does better in even or odd years. Don't count on me to subscribe to your newsletter M. Zhuang.

Six Ways to Invest in Russia

There are also a couple of mutual funds that perform quite well ING:LETRX even with its 5.75% load it is a sure bet and TMRFX (can't remember the fund family)

U.S. Recovery Could Push Oil Much Higher

As the price of oil (and gasoline) increases it only makes more sense to stop subsudizing the big oil companies whose profits are obscene and instead get behind new technologies like the compressed air cars in France and Austrailia or the electric cars like the Tesla. Replacing all cars that currently use gasoline would certainly affect demand and prices would come down.