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.

Outlandish CEO Pay: How to Fix the Problem

When rich people still had some sense of social responsibility in the 50s, the highest tax rate was 92%. Rich people then accepted that they had to pay a higher share due to their success, but today they resent it as unfair and onerous.

The proof to me that those days were more as a country should be was that America cared more about the things that really matter in life, like honesty, duty and country, then they do in these days of "me, before everything else".

What's next in the logical progression of that hubris...... "only me"?

10 Notes on the Current Markets

Every time I see Bernanke interviewed on TV he appears to be very nervous and totally stilted/nervous. The controlled I can understand, but nervous is not something comforting to see in a person with so much influence on our counrty's financial direction and future.

I would temporarily like to be a shrink with Bernanke on my couch for some sessions. Getting to the bottom of the reasons for his gross nervousness while he discusses national fiscal policy would be my goal. Perhaps he is scared to death about being unqualified and incompetant for the job and, as a result, is barely keeping his head above water? Not a great sign for this country to have him so challenged by his job that he faces a mental/physical breakdown while attempting to perform it.

And, "attempting" is the best word for his job perfomance to date.

When Goldman Might Have Failed

Too many cronies in DC for Goldman to ever go under, or even be hurt much in relation to the other WS houses. Not only many cronies presently "working" in DC, but many in "emeritus" positions from the Fed and Treasury, etc. One of those, but of course, is the infamous Alan Greenspan.

Goldman is the uncontested fair-haired boy in DC, and will stay that way for at least 4 more years, and surely longer than that if the present boys stay on to give us even more Obamanation.

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

Re auto pollution standards: All the concern is with cars. What about unregulated pollution from other sources that is never calculated into the auto figures or as a defined, specified contributor to overall CO2 pollution? These are construction machines, mining machines, buses, all sizes of cargo trucks, NASCAR, drag racers, sprint racers, all modified competition vehicles such as demolition derby participants and monster trucks, motorcycles, lawn mowers, gas trimmers and blowers, ATV's, outboard and inboard boat engines, gas generators, gas compressors, and much more. Everywhere you look there are many of these working every day, obviously adding greatly to the problem but never directly included in gov't studies.

I have never read anything anywhere where the effects of the above machines were calculated into the overall air pollution figures. I truly would like to know the amount of CO2 they produce and add to the problem in comparison to that produced only by cars.

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

First, drug wars, now swine flu. Mexico's tourist industry and economy is going to be badly hurt for an indefinite time as once again, it never seems to be able to solve any of its most pressing social problems, most of which it ships off to the good old USA.

At least swine flu is not the direct result of Mexican government corruption as is the drug industry. Is that progress?

Wall Street Breakfast: Must-Know News

I have not read anything anywhere about how much TARP funds have contributed to many banks' improved 2009 profits. JPM just reported surprising earnings in light of the econ. mess, and how much of that was due to TARP funds it received? GS too. Does anyone know anything about this? Links, etc. would be appreciated. Thanks.

Wall Street Breakfast: Must-Know News

The lack of reserves required is the main reason these financial houses got "too big to fail". And, thanks so much to the gov't for allowing its Wall Street cronies to "do business" this fatally risky way. When nearly nothing is required for reserves and controls are removed on growth, the sky is the limit in boom times and the only disaster backup becomes the taxpayer's wallets. What could be more obviously wrong than that, and why didn't "our best and brightest" see this coming and better protect us as is their duty? That corrupt system can only work well when everything is going gangbusters, and will not work even in a slow growth cycle, let alone in a recession, so what were they thinking they would do with that mess when business slowed? That's the American economic "system" today...."do what you can to make a killing today, and we'll worry about tomorrow tomorrrow."

For the religious out there, where would we be if Noah thought that way?


On Mar 27 10:47 AM axelrod608 wrote:

> Credit default swaps (seekingalpha.com/symbo...) are nothing
> but "insurance: without the reserve requirement to back them up (
> insure them). In AIG's case, the backup is being provided by taxpayer
> funds. It is time for a requirement for mandated reserves for any
> and all financial products. And it is time that any and all "financial
> products" be approved before they can be sold - just as insurance
> products are now. And it would be wise to require banks and other
> financials to do as reserve insurance companies do now - prrovide
> the backup for any company that fails. If a reserve insurance company
> goes under, the other reserve insurance companies cover the products
> of the one that failed. Time to make the financials do the same.
>
>
> If this kind of requirement had been in place, none of those idiotic
> MBS's would have been approved or sold, and the industry would have
> screamed bloody murder at AIG writing tons of CDS's without sufficient
> reserves.
>
> If "too big to fail" is a reality, it's time to lump them together
> and make them each others' reserve. Make the financials police each
> other. Why have the gummint do it ? Any financial institution that
> KNOWS it will be held responsible for its competitors' failures will
> make sure its competitors don't screw up.

Wall Street Breakfast: Must-Know News

When Porsche ever sells fewer $80-$170K sports cars than it did the previous year, I will finally believe that this latest econ. scandle means something more than merely an inconvenient nuisance to very rich Americans.

Other than that happening, I am so very sure that it's life-at-the-top as usual for them and crap once again for the middle class that mostly pays for everything bad that our "fearless leaders" do to us as citizens.

Wall Street Breakfast: Must-Know News

And, don't forget how that oil reaches its destination. Tankers. Also dryshippers...steel, coal, grain, etc. has to be shipped. These are great buys now for great profits later when this silly mess is in the past. One of the only buy and holds I would consider now other than those you said.

We have at least 2 more generations of oil energy use and a lot of big profits will be made on its high prices in the years to come. Also coal.




On Mar 23 01:05 PM AndrewBaker wrote:

> Well, the plan is the government will guarantee some of the toxic
> assets with government money to induce private individuals to buy
> in. Now, as I understand it, government money is money paid to the
> government in taxes by private individuals: so - correct me if I'm
> wrong - the government will encourage us to buy toxic assets by guaranteeing
> that they will pay a big chunk of any future loss by paying us back
> our own money. Uuummm ... something not quite right there.
>
> Yet, the market is up on the news. I'll have to give in: I can't
> understand it. We're now pouring money into stocks that are rising
> without regard to fundamentals, and will just as easily and quickly
> fall again when people realise we're still in a big financial mess.
>
>
> O'k. So I'll buy gold and oil for the longer term, and day-trade,
> long and short as appropriate, financials and the S&amp;P. Maybe
> I have understood it after all.

Wall Street Breakfast: Must-Know News

When overt lies to our faces become commonplace and expected in finance and gov't, TV news(CNBC) actually becomes worse than the movie Network, personal and corporate honor runs well behind greed in personal and business "attributes", and devious, treacherous manipulation or outright theft of other people's hard-earned savings and "investments" becomes the goal of the day/week/year for the largest possible payoff or bonuses, what can we expect from America but failure? And, will we correct it soon enough to ward off total collapse?

Wall Street Breakfast: Must-Know News

How about a shoot to kill order for border jumpers? Either way, doesn't matter.

Whoa, better change my vacation plans right now!


On Mar 17 08:03 PM a. palmer jr. wrote:

> I'd kinda like to see the border to Mexico completely blocked..nobody
> goes either way. I'd also like to see the North American Free Trade
> Agreement apply only to the U.S. and Canada. I don't think Mexico
> has earned a position in NAFTA because of their allowing massive
> drug smuggling and illegal immigration by the millions into the U.S.
> If they don't like it, so what?