bobbobwhite

Wall Street Breakfast: Must-Know News

Couldn't have written your comment better myself. Untold millions of USA high paying, non-productive gov't and service industry "jobs" are really harming us terribly in huge overhead costs for what they truly accomplish, as most of the gov't and service jobs prevalent now produce primarily lots of paper landfill and its cyber space equivalent, and not much else of real value relative to their cost. Too much in, too little out.

And, companies complaining that lowered pay will cost them their best employees to higher paying, unrestricted companies should recognize that losing them is really a blessing in disguise. The executives they stand to lose are the ones who created our economic crisis in the first place, as giant money rewards were always their primary motivation and not the quality and need of their products. Good riddance to those self centered non-producers.

On Oct 23 09:15 AM AndrewBaker wrote:

> A basic problem is that there are too many people getting paid for
> doing non-jobs and non-productive jobs: the list includes many politicians,
> State and Federal workers, bank, insurance and financial company
> workers and the many media commentators who are so fond of telling
> us what needs to be done for the economy to improve.
>
> Add to this the exorbitant pay that is now common in many companies
> for higher and highest level staff and paid on the excuse that they
> need to retain the best people, and it is no wonder that the greed
> of these non-producers has caused a downturn from which it will years
> to recover.
>
> Token gestures to restrict pay for a certain group is just not enough.
> Pay differentials from base to peak need to be far less than they
> are, and based on real productiveness and genuine capability, not
> just paid to someone just because they've reached a level where excessive
> pay is the norm regardless of the quality of the person's real personal
> contribution.

Blackberry’s 26 Advantages over iPhone

Apple is way hip to the tastes of young people and older those who like very artistic displays and action. Yes, the iPhone has many limitations compared to Blackberry, but it looks and works just like a fantastic Disney animated movie, and with the early CGI film-worshiping crowd now mature and thus fully entrenched in expensive personal assistant devices for business/personal use, it will only get better for Apple. But, BB will do just fine too as it rules business/gov't use. Great that we have choices.

All that said, I drive a Crackberry.

The Mac vs. PC Debate Was Never Clearer

I fully expect Microsoft to eventually go the way of GM and Detroit. Mr. Softie has never listened to the consumer and continues to build only the products it wants to sell due to Bill Gates' hubris which includes his need for total mass market dominance. This worked well for a while, but then it arrived at the mostly maintenance level of today(see MSFT earnings miss today on SA)and it will continue to flounder until it fails. Times are changing for his technology and The Evil Empire has made too many people upset with its flawed attitude and products and also its deceptive to downright false advertising.

Apple is the cool kid on the block and will always pick off the upper end of the market....the only place it wants to be. The rest will have to be satisfied with Mr. Softie and its automaton's mass market products, at least for now.

Wall Street Breakfast: Must-Know News

Obama cutting back on financial regulators and oversight is just another example of why politics is different than any other job in this universe and why it is universally damned: you can say you will do this or that great thing in order to get elected, then you do nothing at all or just the opposite when you get into office, and still keep your job! What a system.

Where other area of employment can one do that? That's why so many undesireables go into politics, and not because they want to do anything good for America. It's all about themselves.

Wall Street Breakfast: Must-Know News

Do not touch that monitor in every room in your house! Big Brother will know if you do.

Da, comrades!

Wall Street Breakfast: Must-Know News

This is not "the venue" for such long posts. Condense it to its core essence. Or, write it at eHow and possibly get paid for it.


On May 05 08:49 AM Bestsolutionsfl wrote:

> Can anyone out there edit this to 500 words or less and post it.
>
> No one has said it would not work,only that it is to long.
> HOW IS THIS FOR PPIP!?
>
> Dr M. Yunus
> NOBLE PEACE PRIZE WINNER
> "Banker to the Poor"
> Quote,
> "As with any new idea. Challenge it!
> Change it! or Endorse it!"
>
> As brief as possible:
> "The Everybody Wins Plan"
> A business plan that makes a profit,ends foreclosures,and
> restore "credare"-full trust in the American people.
>
> Please edit this plan,post it.Help turn this American Nightmare into
> an American Dream.
>
>
> Contact information: Carmen Basilovecchio
> Best Solutions Fl Real Estate
> 9804 S Military Trail E-10
> Boynton Beach, Fl 33436
> 561-738-5188...email:b... at aol dot com
>
>
> THANK YOU
> PLEASE
> Change it,
> Challenge It
> or Endorse it.PASS IT ON
>
> A SOLUTION TO THE HOUSING MORTGAGE CRISIS with accountable Bank Funding
> at NO COST to the taxpayers. By using the 1930's method,i.e., lower
> interest rates with a longer payback period.The ranch had to be paid
> for using a 5 year mortgage,till someone created the 25 year mortgage.
>
>
> Using today's rates and knowledge,the entire inventory of troubled
> homes will become EXTREMELY AFFORDABLE and thereby
> AAA and 100% asset based.At no cost to the taxpayer and with an option
> for a profit to the taxpayers.
>
> A special 10 year year mortgage with an automatic 30 year
> mortgage that includes :
> PRINCIPAL
> INTEREST
> TAXES and
> INSURANCE.
>
> PER $100,000 loan there would be a total fixed 10 yr. PITI payment
> of
> .........$475........PITI followed with a 30 year fixed mortgae with
> a principal and interest payment of around $510 to $540.
> Revised 5/05/09
> PITI payment .........$500
> (Using 10 yr Treas Rate @3%)
>
> FOR HOMEOWNERS;
> Let them stay in their homes,
> Let them be able to afford it,
> and be able to manage it.
> THIS IS THE REAL AMERICAN DREAM.
> Help the 8% (not for their sake but because it is the only way to
> stop the 92% that have done no harm from being destroyed by that
> 8%)
>
>
> We simply must get off the idea that we should only help "the good"
> people and leave the "reckless" ones to their own ends. Whether the
> foreclosed house next to me was owned by a good guy or a reckless
> flipper doesn't matter.. my home value goes down either way due to
> the foreclosure.
> We simply have to set aside moral judgments and fix the problem.Why
> not at the same time create revenue for all taxpayers.
>
> Turn this challenge into a greater good for all.Re-establishing "CREDARE"
> .Faith in the American people,that we are credit worthy and will
> clean up this mess made by GREED.
> This is a fast and great solution to the problem and it allows for
> time
> to fix the blame and to do what is nessecary for future prevention."Repair
> and Reform",then RESTITUTION.
>
>
> Problem solved: All homes become owner occupied.All housing supply
> will be eliminated by demand,created by those who wish to stay in
> their homes(85%) and by new homeowners (15% foreclosed or rented,Investor
> owned) because of the extremely low affordable payments.An 18 year
> old sibling working a fast food job could afford selter payments
> for their single parent and two siblings.
>
> ACTION:Solve Trillions of dollars crisis at no cost to the taxpayers,and
> allowing for a tax payer profit.
> RESOLVED:ALL "underwater" loans and foreclosed homes to be purchased
> at 100% of FAIR MARKET VALUE.Loan to be marked "paid-in-full"This
> is a one time deal and could be done in 6 months are less.As allowed
> by Freddie and Fannie as part of their interest in securing mortgages
> and with others a condition for banks if they desire any federal
> help.
> PURCHASE to be made with the use of 10 Year US Treasury Notes at
> 2.7%.NOTES will be given as payment in full. THIS IS MERELY A HOME
> EQUITY CONVERSION.
> This is a 100% asset based loan that will probable increase invalue
> in a very short time.
> Legislation is already in place for GSE agency to do this and also
> funding is already approved (seekingalpha.com/symbo...).
> (seekingalpha.com/symbo...)
> NEW LOAN: is a special "EVERYBODY WINS PLAN" loan
> A 10 Year loan that has fixed payments (120) with payment number
> 121 (the magic bullet) ...... paying the balance in full.Because
> of the low cost of the funding(12/31/08 @ 2.08%)now @ 2.6% with the
> special long term payback this will be a very affordable payback.
>
> TERMS FOR THE NEW LOAN:120 fixed, low, and affordable monthly payments
> of........
> .................. (seekingalpha.com/symbol/a) payment of
> total interest;
> .................. (seekingalpha.com/symbo...% of principal
> ;
> .................. (seekingalpha.com/symbo...% for taxes
> and insurance.
> This is a total payment ,known as P.I.T.I.
> MAGIC BULLET:Payment number 121..the new 30 year mortgage.. is given
> by a third party lender to the owner at a fixed prevailing rate,for
> the 85% balance.NOTE:IF A TAXPAYER PROFIT IS DESIRED AT 5%,then the
> 30 year is to be 90% of the original new loan.(If 3 Trillion needed
> that's 150 Billion profit).
> Example:$100,000 "EVERYBODY WINS LOAN"
> LOAN AMOUNT $100,000 with payments to include:
> A...Total 10 years interest............... $27,000
> B...15% for principle reduction........ .$15,000
> C..15%..TAXES and INSURANCE.....$15,000
> TOTAL....................
> paid by 120 fixed equal payments of $475.00 each...... (wow, how
> affordable is a $100,000 mortgage at a total P.I.T.I. payment of
> $475.00 per month???)Then the 10 year treasury bond is paid-in-full
> since a new 30 year fixed mortgage is acquired for the $85,000 balance.NOTE:
> if 5%taxpayer profit is desired then the new 30 year loan is for
> $90,000.
>
>
> To calculate payment for 10 year portion use a factor of 4.75 per
> $1,000. If 3% factor is 5.00 per $1,000.
> Example:, if loan amount is $250,000;payments of $1187.50
> ($250 X 4.75 = TOTAL PITI FOR A HOME VALUE OF $250,000
> at an unbelievabe low $1187.50
> REPEAT: Extremely affordable.It is total payment...P.I.T.I.
>
> Thank you,Paul Volcker......"An outside agency" Fannie Mae and Freddie
> Mac create
> Freddie Aff (Federal Affordable housing)
> Robert Shiller...."properly funded"(10 year Treasury Note)
> Dr. Yunus..........." a profittable business that does
> a social good."(Freddie Aff a business plan with a
> social agenda)
>
>
>
> **********************...
>
> PLAN MODIFIED**************.
> 4/29/09****************
> Calif, .... STYLE*****
>
>
> You Gotta Luv CA.
> They have the solution to the Subprime Mortgage Crisis,
> all the foreclosures and short sales.To finally stop the falling
>
> home prices and stabilize the housing market.
> As per WSJ article( Google:Tax Credit Gives California Builders A
> Lift )
> Some economists state it is doing nothing to help but it also generates
>
> increased TAX revenues as well as Sale tax revenues on household
> items
> and CREATES employment......THIS IS FOR NEW HOMES PURCHASE!!! <br/>
>
> PLEASE APPLY THE SAME PRINCIPLE TO ALL THE UNDERWATER,
> DEFAULTING AND SOON TO BE DEFAULTING LOANS and turn the "toxic"
>
> bad loans INTO 100% asset based AAA loans.
>
> The "EVERYBODY WINS PLAN" is simple and it is profitable.
> A longer term loan at very low interest rates that
>
>
> MAKE ALL THE HOMES AFFORDABLE.
>
> As in California
> They have added $10,000 to the $8,000 credit
> to purchase new homes.
>
> WHY NOT USE THE SAME TACTIC TO END
> ALL FORECLOSURES AND SHORT SALES
> AND TURN THEM INTO AFFORDABLE HOMES.
> END THE MASSIVE INVENTORY ON THE MARKET
> AND STABILIZE PRICES.
>
> The "EVERYBODY WINS PLAN"
>
> ALL LOANS TO BE MODIFIED AT 105% of
> FAIR MARKET VALUE.
> NEW LOAN GOES ON THE BOOKS
> It is a 10 year loan at 4% with a balloon payment
> of the balance.
>
> THE LOAN
> PER $100,000 will have a PITI payment of
> $467 per month fixed for 120 Months.
>
> YES,a $100,000 home will be an affordable residence
> for an American homeowner for $467 per Month
> ...TOTAL PITI (PRIN. INT. TAXES, INS.
>
> A $200,000 home will be $934
> TOTAL PITI.
>
> TOO GOOD TO BE TRUE?????
>
> It just may be true using the California way-
> Federal contribution of $100 per month for interest
> instead of cash gift up front
> and State contribution of $100 per month for taxes
> instead of cash gift up front.
> Both fed and state will benefit from giving.Yes If loans are
> FDIC and Home Bank Loans they would be
> "Stimulating the cash flow to banks and firm their assets.
> The state will more than increase their tax revenues by
> giving.Giving back on the 8% of homes in trouble will INCREASE <br/>the
> income from the other 92%
> EVERYBODY WINS!!!!
>
> Too Good To Be True????
>
> you will have to ask me for details of the "EVERYBODY WINS PLAN"
>
> in order to find out how 120 payments of $467 with $100 (Fed) and
> $100 (State)
> pays a $100,000 Note at 4%.
>
> I a wait your request for free details: bestsolutionsfl at aol dot
> com
> Information provided so anyone who wishes to post can verify originallity.
>
>
> Carmen Basilovecchio
> Best Solutions Fl Real Estate
> 9804 S Military Trail E-10
> Boynton Beach,Fl 33436
>
> Basics:
> On new loan of $100,000.
> 10 years payments (120)
> at $467,$100,and $100 equals $80,040
> which is applied as follows:
> PRIN -$15,000
> INT -$40,000
> TAXES-$15,000
> INS -$10,000
> THIS REDUCES THE AMOUNT OWED ON THE HOUSE
> PER $100,000 TO $85,000.
> THIS BALANCE IS PAID IN FULL with a new 30 year mortgage.
> HOW THIS FOR "SMOKE AND MIRROWS:
> *$40,000 paid to FDIC insured banks or Home Loan Bank
> with no government stock issues
> *$15,000 paid in property taxes,a net gain
> *and if you really want to help the economy how about
> $10,000 IN INSURANCE PRIMEUMS GOING TO AIG
> TO HELP GET TAXPAYERS MONEY BACK.
> HOW MANY JOBS WOULD BE SAVED AND NEW ONES CREATED.
> And do not forget ,about 6 million homeowners with excellent credit
> with EQUITY
> (the ignored part) in their home.What do you think they will do the
> the most
> important part of the economy-CONSUMER SPENDING?
>
> PLEASE post,send to Obama,Summers,Geithner,
> their think tanks have already stated the solution is in LOWER RATES
> OVER A LONGER PERIOD OF TIME!!!
> This is at NO cost to taxpayers and makes a profit.
> bestsolutionsfl at a ol dot com
>
>
> ADDENDUM:NOW that all homeowners are resuced at a profit we MAY,we
> COULD make a profit by helping the banks.
>
> **Optional help for banks.
> For this to be a full solution,that is making the asset 100% whole,the
> difference between the new borrowers loan and the UNPAID LOSS has
> to be addressed
>
> Lenders are given 100% of Fair Market Value which the borrowers pay
> back.The lenders would also be given the
> "PHANTOM AMOUNT" ( the actual amount of the bad loan that is loss).
>
> The payment is in the same form-the 10 year Treasury.
> Once again,with terms and conditions for repayment at a profit!
>
>
> Out of money loan to lender:10 year payback that includes Principle
> and Interest
> 25% of loan amount full interest plus .25% with payment 121 being
> the 75% balance making the loan paid in full.
> If 10 years recovery is not sufficient the payment
> could be a repeat of the process( repeat with a new
> 10 year loan)
>
> Example:per $100,000
> 120 payments for.............$25,000 principle
> ............. $29,500 Interest (2.7+.25)
> at $425 per month.
>
> Banks will easily earn that money from using the money given , PLUS
> THE FREED RESERVES. The lenders will have DOUBLE the money to lend
> at DOUBLE the rate.Make a profit to pay off it's losses.
> The American people are learning DAILY that banks know how to profit
>
> as the people with GREAT credit see their credit card rates go to
> 24%.
>
>
> THE ******MOST UNBELIEVABLE PART*********
> the agency(GSE's) and the funding ($7 00 Billion "plus what is needed")
> is already legally there,so this could be done within 90 days!!!!!!!
>
> An anouncement of this plan
> with details would create an immediate RELIEF and "CREDARE"-CREDIT-TRUST
> in the AMERICAN SYSTEM.
>
> REQUEST DETAILS,ASK QUESTIONS
> More details:
> A fair ,fast action business plan ; a loan modification to end foreclosures,
> defaulting or soon to be defaulting loans,establish firm housing
> prices,re-
> establish the faith and credit of the American homeowner.At no cost
> ,rather a profit to the taxpayer.
> * EVERYBODY WINS PLAN*
> PERHAPS The first step is to form a NEW agency
> to last for ten years,owned by taxpayers,hopefully with 5 or 7 Directors
> .
> ( Former Pres.Clinton,with Former Pres.Bush,Bill Gates with Warren
> Buffett, Sheila Bair, Paul Volcker,Robert J Shiller ????)
> This new agency will be adequately funded,and as described will operate
> as a profit driven business,not a bailout plan.THE LEGALITY is already
> there.
> we could call this agency "FREDDIE AFF" (FERERAL AFFORDABLE HOUSING)
>
> THE MAGIC BULLET"
> Freddie Mac and Fannie Mae can create legally a branch,(Freddie AFF)
>
> that legally can re-modify all loans it has using power it already
> has had legislated to them,and it has already been funded by congress
> at an UNLIMITED AMOUNT.(There is no limit on TARP).
> All passed and signed in law!!!
> A 10 year fixed rate Treasury Bond bond is used by this new agency
> to pay for all foreclosures , defaulting and "underwater" loans.The
> discount rate still allows for a 2.7 10 year Treasury Note! !(10
> Year Treas.@ 2.7% an unbelievable high with the discount rate at
> 0%).
> THEY ARE NOT SOLD ON THE MARKET!They are issued as rep lacement for
> the present loans.
> Freddie Aff is to purchase from lenders all loans that seek modification,and
> pay lenders 110% fair market value(the real asset value) and 100%
> of lost portion of asset that was packaged and sold.Asset must be
> made whole,100%
> Everybody must win in order to succeed..This Fair Market Value can
> be a written document acquired in days ,one for each and every single
> home out there.There are over one million real estate agents just
> a phone call away that can do this at an extremely low cost effective
> method.Cost could be capped at $99 per household. OR GET IT FREE
> ON THE NET!
> Lender must sell all loans on which borrowers seek modification,because
> all American homeowners were and are victims.(Remember blame fixing
> will come)Loans are marked "paid-in-full".In this portion (borrowers)
> pay off the new loans which shall be a "HOMESAFE 10/30 LOAN.(As Described.)Yes,borrowers
> will be winners.
> There is a gap between this new true asset loan amount and the bad
> or "toxic" loan,we shall call this amount the "out of money" amount.
> This must be made whole from the bottom up.
> The "out of money" loss- 100% of which will be paid directly to the
> lenders ,thereby covering 100% of the refinanced CDO's "true asset
> value" of their money already loss.This portion (lenders)will be
> dealt with a by the EVERYBODY WINS 10 year loan special loans.YES,even
> the lenders will be winners.Yes at NO cost to taxpayers rather as
> an investment with a net profit.This is a business plan that has
> a payback agreement attached to it.
> NEW LOAN with an AFFORDABLE PAYMENT is then set with collectable
> terms and conditions,thereby turning Bad Loans into Good LOANS.
>
> THE BORROWER WINS,the LENDER WINS,but yet we need everybody to win.YES,even
> the taxpayer,the real provider of the money shall win because beginning
> with immediate payments that end in just 120 months this entire "EVERYBODY
> WINS PL AN"
> INVESTMENT will have ALL principle,interest and profit paid back!
>
> For EVERYBODY TO WIN the payments Must be affordable , collectable
> and AAA credit worthy.
> Freddie Aff will be a totally taxpayer owned corporation with a ten
> year life span,it will be a profit making venture , fully funded
> by the use of 10 Year Treasury Bonds.
> The bonds will be used to purchase all the bad loans in afore mentioned
> manner.This could be done in an unbelievable speedy manner at an
> extremely cost effective method.As mentioned a Market evaluation
> in just days with a million real estate agents begging for the opportunity.The
>
> home owner will then make an appointment with a title company or
> attorney of their choice,who will complete a HUD-1 Statement once
> again at an extremely cost effective method ( This could be capped
> at $499)
> The new agency can then settle (close ) the contract with Freddie
> Aff. Immagine payment will start immediately on a 100% asset backed
> AAA loan at settlement (closing) with two months payment.
> HOME SALES INVENTORY DRASTICALLY REDUCED,NEW HOMEOWNERS CREATED!
>
> AFFORDABLE HOUSING.WOW!
> This is a business plan that will let everybody win,"EVERYBODY WINS"
>
> This can be done within 90 days.
> "CREDARE" latin CREDIT......TRUST will be restored.
> PPIP
> SIMPLY GUARANTEE THE NEW LOAN!
> Already legislated.HOME EQUITY CONVERSION
> guarantees TRILLIONS!

Wall Street Breakfast: Must-Know News

Why does SA allow book-long postings like yours, no matter what it says??? This is not the right venue! Write a book on it instead.

On Apr 29 09:21 AM Bestsolutionsfl wrote:

>
> Dr M. Yunus
> NOBLE PEACE PRIZE WINNER
> "Banker to the Poor"
> Quote,
> "As with any new idea. Challenge it!
> Change it! or Endorse it!"
>
> As brief as possible:
> "The Everybody Wins Plan"
> A business plan that makes a profit,ends foreclosures,and
> restore "credare"-full trust in the American people.
>
> Since it seems to good to be true,the rules of engagement are
> ignored and all the powers to be act as if this message is in invisible
> ink.
> Please edit this plan,post it.Help turn this American Nightmare into
> an American Dream.
>
>
> Contact information: Carmen Basilovecchio
> Best Solutions Fl Real Estate
> 9804 S Military Trail E-10
> Boynton Beach, Fl 33436
> 561-738-5188...email:b... at aol dot com
>
>
> THANK YOU
> PLEASE
> Change it,
> Challenge It
> or Endorse it.PASS IT ON
>
> A SOLUTION TO THE HOUSING MORTGAGE CRISIS with accountable Bank Funding
> at NO COST to the taxpayers. By using the 1930's method,i.e., lower
> interest rates with a longer payback period.The ranch had to be paid
> for using a 5 year mortgage,till someone created the 25 year mortgage.
>
>
> Using today's rates and knowledge,the entire inventory of troubled
> homes will become EXTREMELY AFFORDABLE and thereby
> AAA and 100% asset based.At no cost to the taxpayer and with an option
> for a profit to the taxpayers.
>
> A special 10 year year mortgage with an automatic 30 year
> mortgage that includes :
> PRINCIPAL
> INTEREST
> TAXES and
> INSURANCE.
>
> PER $100,000 loan there would be a total fixed 10 yr. PITI payment
> of
> .........$475........PITI followed with a 30 year fixed mortgae with
> a principal and interest payment of around $510 to $540.
> FOR HOMEOWNERS;
> Let them stay in their homes,
> Let them be able to afford it,
> and be able to manage it.
> THIS IS THE REAL AMERICAN DREAM.
> Help the 8% (not for their sake but because it is the only way to
> stop the 92% that have done no harm from being destroyed by that
> 8%)
>
>
> We simply must get off the idea that we should only help "the good"
> people and leave the "reckless" ones to their own ends. Whether the
> foreclosed house next to me was owned by a good guy or a reckless
> flipper doesn't matter.. my home value goes down either way due to
> the foreclosure.
> We simply have to set aside moral judgments and fix the problem.Why
> not at the same time create revenue for all taxpayers.
>
> Turn this challenge into a greater good for all.Re-establishing "CREDARE"
> .Faith in the American people,that we are credit worthy and will
> clean up this mess made by GREED.
> This is a fast and great solution to the problem and it allows for
> time
> to fix the blame and to do what is nessecary for future prevention."Repair
> and Reform"
>
>
> Problem solved: All homes become owner occupied.All housing supply
> will be eliminated by demand,created by those who wish to stay in
> their homes(85%) and by new homeowners (15% foreclosed or rented,Investor
> owned) because of the extremely low affordable payments.An 18 year
> old sibling working a fast food job could afford selter payments
> for their single parent and two siblings.
>
> ACTION:Solve Trillions of dollars crisis at no cost to the taxpayers,and
> allowing for a tax payer profit.
> RESOLVED:ALL "underwater" loans and foreclosed homes to be purchased
> at 100% of FAIR MARKET VALUE.Loan to be marked "paid-in-full"This
> is a one time deal and could be done in 6 months are less.As allowed
> by Freddie and Fannie as part of their interest in securing mortgages
> and with others a condition for banks if they desire any federal
> help.
> PURCHASE to be made with the use of 10 Year US Treasury Notes at
> 2.7%.NOTES will be given as payment in full.
> Legislation is already in place for GSE agency to do this and also
> funding is already approved (seekingalpha.com/symbo...).
>
> NEW LOAN: is a special "EVERYBODY WINS PLAN" loan
> A 10 Year loan that has fixed payments (120) with payment number
> 121 (the magic bullet) ...... paying the balance in full.Because
> of the low cost of the funding(12/31/08 @ 2.08%)now @ 2.6% with the
> special long term payback this will be a very affordable payback.
>
> TERMS FOR THE NEW LOAN:120 fixed, low, and affordable monthly payments
> of........
> .................. (seekingalpha.com/symbol/a) payment of
> total interest;
> .................. (seekingalpha.com/symbo...% of principal
> ;
> .................. (seekingalpha.com/symbo...% for taxes
> and insurance.
> This is a total payment ,known as P.I.T.I.
> MAGIC BULLET:Payment number 121..the new 30 year mortgage.. is given
> by a third party lender to the owner at a fixed prevailing rate,for
> the 85% balance.NOTE:IF A TAXPAYER PROFIT IS DESIRED AT 5%,then the
> 30 year is to be 90% of the original new loan.(If 3 Trillion needed
> that's 150 Billion profit).
> Example:$100,000 "EVERYBODY WINS LOAN"
> LOAN AMOUNT $100,000 with payments to include:
> A...Total 10 years interest............... $27,000
> B...15% for principle reduction........ .$15,000
> C..15%..TAXES and INSURANCE.....$15,000
> TOTAL....................
> paid by 120 fixed equal payments of $475.00 each...... (wow, how
> affordable is a $100,000 mortgage at a total P.I.T.I. payment of
> $475.00 per month???)Then the 10 year treasury bond is paid-in-full
> since a new 30 year fixed mortgage is acquired for the $85,000 balance.NOTE:
> if 5%taxpayer profit is desired then the new 30 year loan is for
> $90,000.
>
>
> To calculate payment for 10 year portion use a factor of 4.75 per
> $1,000.
> Example:, if loan amount is $250,000;payments of $1187.50
> ($250 X 4.75 = TOTAL PITI FOR A HOME VALUE OF $250,000
> at an unbelievabe low $1187.50
> REPEAT: Extremely affordable.It is total payment...P.I.T.I.
>
> Thank you,Paul Volcker......"An outside agency" Fannie Mae and Freddie
> Mac create
> Freddie Aff (Federal Affordable housing)
> Robert Shiller...."properly funded"(10 year Treasury Note)
> Dr. Yunus..........." a profittable business that does
> a social good."(Freddie Aff a business plan with a
> social agenda)
>
>
>
> **********************...
>
> PLAN MODIFIED**************.
> 4/29/09****************
> Calif, .... STYLE*****
>
>
> You Gotta Luv CA.
> They have the solution to the Subprime Mortgage Crisis,
> all the foreclosures and short sales.To finally stop the falling
>
> home prices and stabilize the housing market.
> As per WSJ article( Google:Tax Credit Gives California Builders A
> Lift )
> Some economists state it is doing nothing to help but it also generates
>
> increased TAX revenues as well as Sale tax revenues on household
> items
> and CREATES employment......THIS IS FOR NEW HOMES PURCHASE!!!
>
> PLEASE APPLY THE SAME PRINCIPLE TO ALL THE UNDERWATER,
> DEFAULTING AND SOON TO BE DEFAULTING LOANS and turn the "toxic"<br/>bad
> loans INTO 100% asset based AAA loans.
>
> The "EVERYBODY WINS PLAN" is simple and it is profitable.
> A longer term loan at very low interest rates that
>
>
> MAKE ALL THE HOMES AFFORDABLE.
>
> As in California
> They have added $10,000 to the $8,000 credit
> to purchase new homes.
>
> WHY NOT USE THE SAME TACTIC TO END
> ALL FORECLOSURES AND SHORT SALES
> AND TURN THEM INTO AFFORDABLE HOMES.
> END THE MASSIVE INVENTORY ON THE MARKET
> AND STABILIZE PRICES.
>
> The "EVERYBODY WINS PLAN"
>
> ALL LOANS TO BE MODIFIED AT 105% of
> FAIR MARKET VALUE.
> NEW LOAN GOES ON THE BOOKS
> It is a 10 year loan at 4% with a balloon payment
> of the balance.
>
> THE LOAN
> PER $100,000 will have a PITI payment of
> $467 per month fixed for 120 Months.
>
> YES,a $100,000 home will be an affordable residence
> for an American homeowner for $467 per Month
> ...TOTAL PITI (PRIN. INT. TAXES, INS.
>
> A $200,000 home will be $934
> TOTAL PITI.
>
> TOO GOOD TO BE TRUE?????
>
> It just may be true using the California way-
> Federal contribution of $100 per month for interest
> instead of cash gift up front
> and State contribution of $100 per month for taxes
> instead of cash gift up front.
> Both fed and state will benefit from giving.Yes If loans are
> FDIC and Home Bank Loans they would be
> "Stimulating the cash flow to banks and firm their assets.
> The state will more than increase their tax revenues by
> giving.Giving back on the 8% of homes in trouble will INCREASE <br/>the
> income from the other 92%
> EVERYBODY WINS!!!!
>
> Too Good To Be True????
>
> you will have to ask me for details of the "EVERYBODY WINS PLAN"
>
> in order to find out how 120 payments of $467 with $100 (Fed) and
> $100 (State)
> pays a $100,000 Note at 4%.
>
> I await your request for free details: bestsolutionsfl at aol dot
> com
> Information provided so anyone who wishes to post can verify originallity.
>
>
> Carmen Basilovecchio
> Best Solutions Fl Real Estate
> 9804 S Military Trail E-10
> Boynton Beach,Fl 33436
>
> Basics:
> On new loan of $100,000.
> 10 years payments (120)
> at $467,$100,and $100 equals $80,040
> which is applied as follows:
> PRIN -$15,000
> INT -$40,000
> TAXES-$15,000
> INS -$10,000
> THIS REDUCES THE AMOUNT OWED ON THE HOUSE
> PER $100,000 TO $85,000.
> THIS BALANCE IS PAID IN FULL with a new 30 year mortgage.
> HOW THIS FOR "SMOKE AND MIRROWS:
> *$40,000 paid to FDIC insured banks or Home Loan Bank
> with no government stock issues
> *$15,000 paid in property taxes,a net gain
> *and if you really want to help the economy how about
> $10,000 IN INSURANCE PRIMEUMS GOING TO AIG
> TO HELP GET TAXPAYERS MONEY BACK.
> HOW MANY JOBS WOULD BE SAVED AND NEW ONES CREATED.
> And do not forget ,about 6 million homeowners with excellent credit
> with EQUITY
> (the ignored part) in their home.What do you think they will do the
> the most
> important part of the economy-CONSUMER SPENDING?
>
> PLEASE post,send to Obama,Summers,Geithner,
> their think tanks have already stated the solution is in LOWER RATES
> OVER A LONGER PERIOD OF TIME!!!
> This is at NO cost to taxpayers and makes a profit.
> bestsolutionsfl at aol dot com
>
>
> ADDENDUM:NOW that all homeowners are resuced at a profit we MAY,we
> COULD make a profit by helping the banks.
>
>
> For this to be a full solution,that is making the asset 100% whole,the
> difference between the new borrowers loan and the UNPAID LOSS has
> to be addressed
>
> Lenders are given 100% of Fair Market Value which the borrowers pay
> back.The lenders would also be given the
> "PHANTOM AMOUNT" ( the actual amount of the bad loan that is loss).
>
> The payment is in the same form-the 10 year Treasury.
> Once again,with terms and conditions for repayment at a profit!<br/>
>
> Out of money loan to lender:10 year payback that includes Principle
> and Interest
> 25% of loan amount full interest plus .25% with payment 121 being
> the 75% balance making the loan paid in full.
> If 10 years recovery is not sufficient the payment
> could be a repeat of the process( repeat with a new
> 10 year loan)
>
> Example:per $100,000
> 120 payments for.............$25,000 principle
> ............. $29,500 Interest (2.7+.25)
> at $425 per month.
>
> Banks will easily earn that money from using the money given , PLUS
> THE FREED RESERVES. The lenders will have DOUBLE the money to lend
> at DOUBLE the rate.Make a profit to pay off it's losses.
> The American people are learning DAILY that banks know how to profit
>
> as the people with GREAT credit see their credit card rates go to
> 24%.
>
>
> THE ******MOST UNBELIEVABLE PART*********
> the agency(GSE's) and the funding ($700 Billion "plus what is needed")
> is already legally there,so this could be done within 90 days!!!!!!!
>
> An anouncement of this plan
> with details would create an immediate RELIEF and "CREDARE"-CREDIT-TRUST
> in the AMERICAN SYSTEM.
>
> REQUEST DETAILS,ASK QUESTIONS
> More details:
> A fair ,fast action business plan ; a loan modification to end foreclosures,
> defaulting or soon to be defaulting loans,establish firm housing
> prices,re-
> establish the faith and credit of the American homeowner.At no cost
> ,rather a profit to the taxpayer.
> * EVERYBODY WINS PLAN*
> PERHAPS The first step is to form a NEW agency
> to last for ten years,owned by taxpayers,hopefully with 5 or 7 Directors
> .
> ( Former Pres.Clinton,with Former Pres.Bush,Bill Gates with Warren
> Buffett, Sheila Bair, Paul Volcker,Robert J Shiller ????)
> This new agency will be adequately funded,and as described will operate
> as a profit driven business,not a bailout plan.THE LEGALITY is already
> there.
> we could call this agency "FREDDIE AFF" (FERERAL AFFORDABLE HOUSING)
>
> THE MAGIC BULLET"
> Freddie Mac and Fannie Mae can create legally a branch,(Freddie AFF)
>
> that legally can re-modify all loans it has using power it already
> has had legislated to them,and it has already been funded by congress
> at an UNLIMITED AMOUNT.(There is no limit on TARP).
> All passed and signed in law!!!
> A 10 year fixed rate Treasury Bond bond is used by this new agency
> to pay for all foreclosures , defaulting and "underwater" loans.The
> discount rate still allows for a 2.7 10 year Treasury Note! !(10
> Year Treas.@ 2.7% an unbelievable high with the discount rate at
> 0%).
> THEY ARE NOT SOLD ON THE MARKET!They are issued as replacement for
> the present loans.
> Freddie Aff is to purchase from lenders all loans that seek modification,and
> pay lenders 110% fair market value(the real asset value) and 100%
> of lost portion of asset that was packaged and sold.Asset must be
> made whole,100%
> Everybody must win in order to succeed..This Fair Market Value can
> be a written document acquired in days ,one for each and every single
> home out there.There are over one million real estate agents just
> a phone call away that can do this at an extremely low cost effective
> method.Cost could be capped at $99 per household. OR GET IT FREE
> ON THE NET!
> Lender must sell all loans on which borrowers seek modification,because
> all American homeowners were and are victims.(Remember blame fixing
> will come)Loans are marked "paid-in-full".In this portion (borrowers)
> pay off the new loans which shall be a "HOMESAFE 10/30 LOAN.(As Described.)Yes,borrowers
> will be winners.
> There is a gap between this new true asset loan amount and the bad
> or "toxic" loan,we shall call this amount the "out of money" amount.
> This must be made whole from the bottom up.
> The "out of money" loss- 100% of which will be paid directly to the
> lenders ,thereby covering 100% of the refinanced CDO's "true asset
> value" of their money already loss.This portion (lenders)will be
> dealt with a by the EVERYBODY WINS 10 year loan special loans.YES,even
> the lenders will be winners.Yes at NO cost to taxpayers rather as
> an investment with a net profit.This is a business plan that has
> a payback agreement attached to it.
> NEW LOAN with an AFFORDABLE PAYMENT is then set with collectable
> terms and conditions,thereby turning Bad Loans into Good LOANS.<br/>THE
> BORROWER WINS,the LENDER WINS,but yet we need everybody to win.YES,even
> the taxpayer,the real provider of the money shall win because beginning
> with immediate payments that end in just 120 months this entire "EVERYBODY
> WINS PLAN"
> INVESTMENT will have ALL principle,interest and profit paid back!
>
> For EVERYBODY TO WIN the payments Must be affordable , collectable
> and AAA credit worthy.
> Freddie Aff will be a totally taxpayer owned corporation with a ten
> year life span,it will be a profit making venture , fully funded
> by the use of 10 Year Treasury Bonds.
> The bonds will be used to purchase all the bad loans in afore mentioned
> manner.This could be done in an unbelievable speedy manner at an
> extremely cost effective method.As mentioned a Market evaluation
> in just days with a million real estate agents begging for the opportunity.The
>
> home owner will then make an appointment with a title company or
> attorney of their choice,who will complete a HUD-1 Statement once
> again at an extremely cost effective method ( This could be capped
> at $499)
> The new agency can then settle (close ) the contract with Freddie
> Aff. Immagine payment will start immediately on a 100% asset backed
> AAA loan at settlement (closing) with two months payment.
> HOME SALES INVENTORY DRASTICALLY REDUCED,NEW HOMEOWNERS CREATED!
>
> AFFORDABLE HOUSING.WOW!
> This is a business plan that will let everybody win,"EVERYBODY WINS"
>
> This can be done within 90 days.
> "CREDARE" latin CREDIT......TRUST will be restored.

Wall Street Breakfast: Must-Know News

Everyone with half a brain, and that covers most of us it seems, sees this for what it truly is. The big issue is ...what do we do about it, sheeple? Nothing, right, as usual?

What if all of us banded together and refused to pay our taxes?

Let some problem go unattended and you deserve whatever happens. That's our American citizenry today. Blacks make a million man march on Washington for better male responsibility as fathers, and the rest of us...we sit at home watching TV and bitching. That's it. No tax protests, no one-man marches even, no Civil War, no Boston Tea Party, no Berkeley protests.....nothing. We are so pathetic we deserve the harsh end results of global pollution and warming that will come. Nice cars and houses you have, folks, but very inferior survival instincts toward dire threats on your very existence.


On Mar 18 08:33 AM daffy wrote:

> I see that testimony from CEO's now makes the economic calendar.
> AIG this, AIG that. It is a nice diversion. I guess the fact that
> the new administration so joyously offer small business in America
> 15 billion while AIG gets 170 billion (with no end in sight). Am
> I the only one who sees a serious problem with this?
>

Wall Street Breakfast: Must-Know News

Re: Madoff. So, I now must assume that anyone who has ever been mugged or rolled in their lifetime for their weekly paycheck can now recover the taxes they paid on the income? Yes, folks, that's the very thing Madoff victims now want and the gov't is considering, and it opens wide the taxpayer coffers for restitution claims from anyone who has ever lost earned money to crime and can prove it. As my grandaughter texts, "OMG!"

What a lawyer's goldmine this will be, and so much better than chasing ambulances. "Hey, Jimmy stole my lunch money 50 years ago, can I get my deceased parents refund of their taxes paid on it?" Makes perfect gov't sense, doesn't it?.

The 15 Most Cash Rich Companies

I thoroughly dislike and distrust anything Gates does. He spends far too much philanthropic money on foreign country's welfare(99% down a rathole doing no lasting good and lots of harm) and not enough right here in America. Of course, as MSFT cannnot get many workers here that still will work for its crooked ways, it must get them from overseas. A vicious circle if there ever was one. Think Gates cares? That's why I have nothing and do nothing with Microsoft products.


On Mar 13 10:36 AM TeresaE wrote:

> It wasn't too long ago that GM had $25 billion in cash on their balance
> sheet too.
>
> And Microsoft seems to never climb in value. People just hate Bill
> Gates and I believe it has a lot to do with off shoring &amp; importing
> cheaper foreign workers.

13 Safe Stocks in a Return to the 1970s

Who really knows whether your very conservative advice will be the best for the recovery years or whether a giant new speculative bubble will form from all the pent up investor demand resulting from being so loss-battered for so long by this latest economic debacle? It will take years after to see which is best, as nothing is even close to predictable with such unpredictable beings as we humans. But, yours is one point of view.

I do not think your approach is a poor one, it just may not take the best advantage of a strong recovering market.

Connecting the Dots in a Jobs-Less Apple

A lot of quasi-egghead blather, to be sure, and not very helpful nor informative.

The only thing Apple needs to do now, with the spector of Jobs' imminent demise at issue along with Apple leadership in the future, is to slowly and gradually bring his selected successor into focus and authority over the next few months, with Jobs full approval and company support, without insensitively blasting it out to the masses that "Jobs is dying and this guy is taking his place today".

A well-planned emergence of his successor into our consciousness will get the public acquainted with him at just the right pace and will serve to cushion the company and the stock when Jobs time there is actually ended. Apple can convince the public by this action that dynamic creativity and leadership will continue to grow unabated "in the Apple way" just as it did under Jobs.

Given enough time for this process to play out at the right pace, the ultimate transition will be totally successful.

Apple Will Still Thrive Post-Steve

Apple and Jobs cannot ever be compared in any way with GE and Walmart other than for the dynamism of their departed CEO's, which is a good comparison. I am at odds with your statement that GE stock "suffered for a while" after Jack Welch left...get real, as GE stock is at a 12+ year low and the company will most probably have to be split up to do OK again, or perhaps even survive. Depends a lot upon how long this econ downturn lasts.

(Walmart does well selling its Chinese-made junk to poor folks at rock-bottom, fire sale prices. Poor people are always a great sucker market, even though their buy cheap concept is bad longterm economics as top quality is always cheaper in the long run. But, they have to spread a little money a long way, so Walmart it is! I detest the place and that concept.)

Apple Will Survive Jobs' Departure

Everyone dies sooner or later, even Jobs. Apple will be a different company without him due to the loss of his unique vision, but it has enough bright people who now get the "Jobs way" for it to continue being successful, even if not as much as with Jobs still there leading the charge like a great battle general. He is one of a kind, to be sure, and irreplaceable.

I know he's dying. He will be so missed. Thanks, Steve, for all you have done for Apple, tech comm. and the smart people of the world.

Cramer's Mad Money - Brazil vs. China (1/14/09)

Re Geithner: With him and Larry Summers holding top Obama jobs, how can anyone in therir right mind think anything ethical and moral is going to improve much in DC? If theirs is the mindthink Obama wants his underlings to have, even if Obama was pure as the driven snow now he won't be that way for long after these two start working on him to influence his decisions.