VicM

Madoff: What did his accountants know?

As bad as Bernie Madoff is, I wonder how many more Bernie Madoff's are lurking in the wings? As soon as a few people start asking for their principle the ponzi scheme fails.

Madoff's Trading Statements

How many more Bernie Madoff's are lurking in the wings?? This may be just the tip of the iceberg???

Madoff's Trading Statements

How many more Bernie Madoff's are lurking in the wings??? Could this be the tip of the iceberg?

Beacon Power: My Top Stock Pick for 2008

They would sell to any energy producer who can not produce a steady energy supply. Excess supply would be stored in flywheels to be used several hours later when demand reached it peak. (Theoretically)


On Aug 26 10:28 AM User 251141 wrote:

> How will Beacon make money off this setup? Who will they sell this
> storage to?

Beacon Power: My Top Stock Pick for 2008

Punch presses have used this technology for more than 75 years. A punch press is used to press parts out of sheet metal. Some parts like car sheet metal parts (Fenders etc.) require 500 tons or more of pressure to stamp part from flat sheets of steel. Electricity cannot supply this much power in one second. What they do is get a flywheel spinning and then when flywheel is engaged it can stamp parts out of sheet metal with over 500 tons pressure in one second. My father saw a flywheel come off a machine and said it went thru 2 cement walls and went down the street and was finally stopped by a third cement wall. So you can see the amount of energy stored by a flywheel.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Upside down.....I don't blame you. The problem seems to be the Gov't basically gave the banking system so much cheap money they had to find ways to give it away so they gave $500,000 loans to people who had no down and no way to make payments. Also causing the housing bubble because instantly everyone became eligiable as a buyer instead of limiting buyers to those who had saved enough for a down payment.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

If all these borrowers got their loans with nothing down.....Why do they need saving from foreclosure? With nothing down all they have been doing is, effectively, paying rent. They lose nothing because they put nothing down.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Let me understand.....All the delinquent borrowers get low interest so they can keep their home and the honest, mortgage payers will just have to pound salt with their high interest loans.

Just another form of American justice...Reward the delinquent borrowers .......and screw the honest paying, upside down borrowers.

How Is GM Still Alive?

Bottom Line: Look at Consumer Reports. Consumer Reports are ratings based on what owners of the cars say about the cars they own. GM cars are always at the bottom in reliability. Honda and Toyota are always at the top in reliability.

Personally my Honda has 180,000 miles on transmission and still shifts like new. Several relatives have had heavy duty GM Suv's and just used them as a Soccer Mom vehicle and transmissions have went out at about 60,000 miles. Another friend had a brand new Mustang (44,000 dollars top of the line). He had to take it back to dealer and they have had it 2 months and can't figure out what the problem is.

GM products are cheaper than Honda's and Toyota's. But who wants a product that can't out last the payment book?????