satguru's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/246401/comments http://seekingalpha.com/article/151612-was-the-aig-bailout-a-goldman-bailout-by-proxy?source=feed#comment-604879 604879 Tue, 28 Jul 2009 09:51:07 -0400 http://seekingalpha.com/article/131190-bring-in-the-antitrust-division-on-banking?source=feed#comment-465879 465879 Thu, 16 Apr 2009 19:05:30 -0400 http://seekingalpha.com/article/121147-barron-s-is-way-off-base-regarding-mark-to-market?source=feed#comment-394000 394000 I had my house on the market in 2007 for $750,000 and got no buyers for it but there were other similar homes that had sold for about that price. I dropped my price to $699,000 a few months later and still no buyers so I pulled my house off the market. Right now the value has been set at about $500,000 since two homes in foreclosure sold for that price. Nobody will pay me $699,000 or $750,000. Right now the market has set it at $500,000. This is the problems with banks. I still in the back of my mind think the house is worth more but I know it is not. My only choice is to wait it out until house prices go up but I have the luxury of time which the banks don't. I can hold on to it forever. If the house goes on foreclosure the bank can either mark to market and sell or hold on to it. What's so difficult with this concept. ]]> Wed, 18 Feb 2009 15:35:15 -0500 I had my house on the market in 2007 for $750,000 and got no buyers for it but there were other similar homes that had sold for about that price. I dropped my price to $699,000 a few months later and still no buyers so I pulled my house off the market. Right now the value has been set at about $500,000 since two homes in foreclosure sold for that price. Nobody will pay me $699,000 or $750,000. Right now the market has set it at $500,000. This is the problems with banks. I still in the back of my mind think the house is worth more but I know it is not. My only choice is to wait it out until house prices go up but I have the luxury of time which the banks don't. I can hold on to it forever. If the house goes on foreclosure the bank can either mark to market and sell or hold on to it. What's so difficult with this concept. ]]> http://seekingalpha.com/article/120698-foreclosure-moratoriums-it-s-time-to-get-real?source=feed#comment-389569 389569

On Feb 15 01:50 PM Tricky wrote:

> > I don't fully understand the reasoning behind the objections here.]]> Sun, 15 Feb 2009 14:48:34 -0500

On Feb 15 01:50 PM Tricky wrote:

> > I don't fully understand the reasoning behind the objections here.]]> http://seekingalpha.com/article/117755-when-bonuses-aren-t-discretionary?source=feed#comment-372543 372543 And these bankers create this financial crisis, get billions in our taxpayer money and then want a bonus for craeting this carnage. What did they learn in these private schools - cheat, lie and steal and get a bonus????]]> Sun, 01 Feb 2009 12:18:50 -0500 And these bankers create this financial crisis, get billions in our taxpayer money and then want a bonus for craeting this carnage. What did they learn in these private schools - cheat, lie and steal and get a bonus????]]> http://seekingalpha.com/article/117298-the-bias-in-reporting-job-losses?source=feed#comment-370256 370256 On the point of new jobs being created offseting the ones that are given the pink slips, I beg to differ. If this was the case we would not see so many businesses shuttered. Look at Circuit City alone, over 600 stores being shut down, Linen'N Things, the shuttered Wall Street Investment banks, the banks and brokerages and the list goes on and on. All I can say from personal experience from my own close family members almost 40% have been given notices of layoffs or their hours cut or cuts in pay.
These are unprecedented times and the govrenment stats are bogus - I worked for the FEDs and we were ordered to make numbers reported
make the General for the base look good- and guess what it always did!
Look at all the home foreclosures - it's all the result now of people losing their jobs. We are in a state depression not a recession.
God help us all.
On Jan 29 02:07 PM canonicalman wrote:

> The population of the US grows by about 2.7m/yr which is about 0.9%/yr.
> This means that the total number of jobs must grow each and every
> year by roughly that same fracti8on. This is another reason why jobs
> number are misleading. Even if the net jobs number stays even, this
> means an effective rise in unemployment because the new jobs for
> the new workers were not created.]]> Thu, 29 Jan 2009 15:05:51 -0500 On the point of new jobs being created offseting the ones that are given the pink slips, I beg to differ. If this was the case we would not see so many businesses shuttered. Look at Circuit City alone, over 600 stores being shut down, Linen'N Things, the shuttered Wall Street Investment banks, the banks and brokerages and the list goes on and on. All I can say from personal experience from my own close family members almost 40% have been given notices of layoffs or their hours cut or cuts in pay.
These are unprecedented times and the govrenment stats are bogus - I worked for the FEDs and we were ordered to make numbers reported
make the General for the base look good- and guess what it always did!
Look at all the home foreclosures - it's all the result now of people losing their jobs. We are in a state depression not a recession.
God help us all.
On Jan 29 02:07 PM canonicalman wrote:

> The population of the US grows by about 2.7m/yr which is about 0.9%/yr.
> This means that the total number of jobs must grow each and every
> year by roughly that same fracti8on. This is another reason why jobs
> number are misleading. Even if the net jobs number stays even, this
> means an effective rise in unemployment because the new jobs for
> the new workers were not created.]]> http://seekingalpha.com/article/116132-stock-buybacks-where-did-they-all-go?source=feed#comment-364320 364320 Fri, 23 Jan 2009 13:17:32 -0500 http://seekingalpha.com/article/115328-orwellian-finance-is-1984-happening-in-2009?source=feed#comment-360183 360183

On Jan 19 02:54 PM patio wrote:

> What is the difference between ignorance and apathy?
> I don't know and i don't care.]]> Mon, 19 Jan 2009 15:58:18 -0500

On Jan 19 02:54 PM patio wrote:

> What is the difference between ignorance and apathy?
> I don't know and i don't care.]]> http://seekingalpha.com/article/115328-orwellian-finance-is-1984-happening-in-2009?source=feed#comment-360068 360068 Mon, 19 Jan 2009 14:09:31 -0500 http://seekingalpha.com/article/113398-stimulus-plan-includes-tax-breaks-stocks-that-will-benefit?source=feed#comment-347410 347410 The more things change, the more things remain the same.]]> Tue, 06 Jan 2009 10:46:47 -0500 The more things change, the more things remain the same.]]> http://seekingalpha.com/article/112986-first-call-of-a-double-dip-recession-setting-up-a-market-bottom?source=feed#comment-344976 344976 Sat, 03 Jan 2009 16:24:38 -0500 http://seekingalpha.com/article/112374-2009-outlook-and-beyond-let-truth-be-your-guide?source=feed#comment-339747 339747 Sun, 28 Dec 2008 11:24:46 -0500 http://seekingalpha.com/article/111561-the-illicit-relationship-between-goldman-sachs-and-paulson?source=feed#comment-334035 334035 Fri, 19 Dec 2008 12:12:56 -0500 http://seekingalpha.com/article/111572-cramer-s-stop-trading-general-electric-brings-bad-credit-to-light-12-18-08?source=feed#comment-334014 334014 Fri, 19 Dec 2008 12:02:27 -0500 http://seekingalpha.com/article/96379-bush-speaks-evildoers-to-be-persecuted?source=feed#comment-260215 260215 Did I hear correctly that 'evil-doers will be persecuted'. Be careful Mr President, be very careful what you ask for, you may get it.]]> Sat, 20 Sep 2008 16:52:39 -0400 Did I hear correctly that 'evil-doers will be persecuted'. Be careful Mr President, be very careful what you ask for, you may get it.]]> http://seekingalpha.com/article/96430-bailouts-the-moral-imbalance?source=feed#comment-260203 260203 They sold us the war in Iraq with lies - read my lips - Saddam was not responsible for 9-11, no, there was no weapons of mass destruction, no, we have not won the war either in Iraq or Afganistan and no there is no subprime mortgage worth $1 trllion dollars (we have already used over $500 billion in bailouts and these crooks are asking for 700 billion more. This is all a set-up. First you blame it on the poor (sub-prime welfare types) and then you sucker the rest of the people into believing this and then you raid the coffers on the backs of these idiots who fall for the lies and they win again and again. What will it take for the people to learn. NO MORE BAILOUTS - PERIOD. THIS 700 billion is a drop in the bucket for the problem we are facing.
These are the facts:
-We have a 3 trllion dollar mortgage market in this country.
-13% of this market is considered sub-prime (fico score of less than 620)
-Out of this 13% we have about 1 to 2% in default.
So with a 3 trllion mortgage market, that would give you about 235 billion subprime (13%)
Out of this we have a high of 2% in default which would make that amount around 5 billion.
Now tell me who are we bailing out? Why do we need 700 billion more than the 500 billion we have already used. IS THIS A SUBPRIME PROBLEM - HELL NO!! Just another in a string of lies to dupe the electorate and right before elections.
It is not a Democrat or Republican thing. Both parties are equally responsible. When will we have truth, when will the lies stop, when will we have honesty in our elected officials.
This 700 billion is a drop in the bucket. What will be done for the 600 trillion derivatives market, the credit card crisis which is right on the horizon and where is the rest of the world in sharing this burden. Why more than 90% of the bailout cost is on the backs of the American people. It is time to say no - ENOUGH!
]]> Sat, 20 Sep 2008 16:29:52 -0400 They sold us the war in Iraq with lies - read my lips - Saddam was not responsible for 9-11, no, there was no weapons of mass destruction, no, we have not won the war either in Iraq or Afganistan and no there is no subprime mortgage worth $1 trllion dollars (we have already used over $500 billion in bailouts and these crooks are asking for 700 billion more. This is all a set-up. First you blame it on the poor (sub-prime welfare types) and then you sucker the rest of the people into believing this and then you raid the coffers on the backs of these idiots who fall for the lies and they win again and again. What will it take for the people to learn. NO MORE BAILOUTS - PERIOD. THIS 700 billion is a drop in the bucket for the problem we are facing.
These are the facts:
-We have a 3 trllion dollar mortgage market in this country.
-13% of this market is considered sub-prime (fico score of less than 620)
-Out of this 13% we have about 1 to 2% in default.
So with a 3 trllion mortgage market, that would give you about 235 billion subprime (13%)
Out of this we have a high of 2% in default which would make that amount around 5 billion.
Now tell me who are we bailing out? Why do we need 700 billion more than the 500 billion we have already used. IS THIS A SUBPRIME PROBLEM - HELL NO!! Just another in a string of lies to dupe the electorate and right before elections.
It is not a Democrat or Republican thing. Both parties are equally responsible. When will we have truth, when will the lies stop, when will we have honesty in our elected officials.
This 700 billion is a drop in the bucket. What will be done for the 600 trillion derivatives market, the credit card crisis which is right on the horizon and where is the rest of the world in sharing this burden. Why more than 90% of the bailout cost is on the backs of the American people. It is time to say no - ENOUGH!
]]> http://seekingalpha.com/article/96106-the-financial-crisis-explained?source=feed#comment-257937 257937 I live in an affluent neighborhood and five of the homes went on foreclosure and guess what none of them are owned by poor and blacks. These are rich white folks who used there homes as ATMs buying fancy SUVs and boats and spending lavishly on everything. This is where the big cost of mortgage financing went to the fat cats. SO CUT YOUR BS!!!!]]> Thu, 18 Sep 2008 10:35:59 -0400 I live in an affluent neighborhood and five of the homes went on foreclosure and guess what none of them are owned by poor and blacks. These are rich white folks who used there homes as ATMs buying fancy SUVs and boats and spending lavishly on everything. This is where the big cost of mortgage financing went to the fat cats. SO CUT YOUR BS!!!!]]> http://seekingalpha.com/article/94026-freddie-fannie-debt-ridden-but-their-bonds-are-worth-holding?source=feed#comment-246185 246185 I also carry some Municipal Tax frees at over 4.5% guaranteed by Ambac - that stock has been soaring lately but the bond only fetches 88 cents on the dollar. Go figure? Can you trust anyone in the financial marketplace?]]> Fri, 05 Sep 2008 10:36:30 -0400 I also carry some Municipal Tax frees at over 4.5% guaranteed by Ambac - that stock has been soaring lately but the bond only fetches 88 cents on the dollar. Go figure? Can you trust anyone in the financial marketplace?]]> http://seekingalpha.com/article/93690-option-arm-time-bomb-about-to-explode?source=feed#comment-245037 245037 Wed, 03 Sep 2008 21:41:55 -0400 http://seekingalpha.com/article/93438-inequality-and-the-credit-crisis?source=feed#comment-243092 243092 Mon, 01 Sep 2008 10:01:04 -0400 http://seekingalpha.com/article/92916-california-home-sales-43-year-over-year-increase?source=feed#comment-240821 240821 I live in the city of Folsom, California, one of the most beautiful places to live. Two homes down the street from me just sold on foreclosure after being on the market for over 14 months for $450,000 when it was selling for over $750,000 18 months ago. Nothing is selling unless there's a huge haircut. These are good people with jobs just walking away from their homes as the mortgages reset and they cannot afford the payments. Why can't the mortgage holders sell these homes back to these people at the lower prices based on current value. It would be a lot cheaper just to do that and it would eliminate the mortgage crisis. If we can uselessly throw away over $500 billion of taxpayers money on the Iraqis why not give it to our own people? What's happening is a planned shifting of wealth from the masses to the ultra rich. It happens like clockwork every 8 to 10 years - we had it in the early 70s with Nixon, in the 80s with Reagan, in the 90s with Bush Sr and in 2000 with Bush Jr. And by the way, all Republican Presidencies!!!! ]]> Thu, 28 Aug 2008 10:15:04 -0400 I live in the city of Folsom, California, one of the most beautiful places to live. Two homes down the street from me just sold on foreclosure after being on the market for over 14 months for $450,000 when it was selling for over $750,000 18 months ago. Nothing is selling unless there's a huge haircut. These are good people with jobs just walking away from their homes as the mortgages reset and they cannot afford the payments. Why can't the mortgage holders sell these homes back to these people at the lower prices based on current value. It would be a lot cheaper just to do that and it would eliminate the mortgage crisis. If we can uselessly throw away over $500 billion of taxpayers money on the Iraqis why not give it to our own people? What's happening is a planned shifting of wealth from the masses to the ultra rich. It happens like clockwork every 8 to 10 years - we had it in the early 70s with Nixon, in the 80s with Reagan, in the 90s with Bush Sr and in 2000 with Bush Jr. And by the way, all Republican Presidencies!!!! ]]> http://seekingalpha.com/article/92347-fannie-freddie-beyond-the-balance-sheets?source=feed#comment-238749 238749 Good luck to all the losers.]]> Mon, 25 Aug 2008 15:50:01 -0400 Good luck to all the losers.]]> http://seekingalpha.com/article/92300-real-estate-bubble-is-only-in-4-states-ca-fl-nv-az?source=feed#comment-238730 238730 Mon, 25 Aug 2008 15:20:26 -0400 http://seekingalpha.com/article/91787-will-a-7-mortgage-threat-doom-fannie-and-freddie?source=feed#comment-235122 235122 Wed, 20 Aug 2008 17:17:10 -0400