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Jim Myrtle

Jim Myrtle
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  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "What more damage can he do?"

    Cap and Trade. FOCA. There are hundreds of damaging things he'd like to do.

    " I will say that if we do nothing and rely only on the Fed to stimulate lending, it won't work"

    I agree.

    "And some Republicans want a VAT tax"

    I can't think of any who want that. It'd be a stupid idea.
    Nov 4 09:30 AM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "You want failure?"

    When I look at the damage Obama wants to do to the country, damn right I want his efforts to fail.

    "That is sick"

    Why?

    "Are you shorting Obama in some swap?"

    If I could I would.
    Nov 3 06:45 PM | Likes Like |Link to Comment
  • Fed's QEII Anti-Climactic [View article]
    "On a good note, Ron Paul has just be selected as the Chair to the Subcommittee on Monetary Policy. Look for Bernanke to get called out very frequently"

    Great, more long, stupid questions from Ron Paul.
    Nov 3 06:16 PM | 3 Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Here is the deal, you can't trust big business and you can't trust mass greed. These money changers are like mosquitos. They never go away and they cannot be trusted"

    We can only trust the honest politicians.
    Obama please save us. LOL!!!
    Nov 3 06:10 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "However, a victory in time is not lasting"

    Poor Obama is thinking that now.
    It will be easier for him to fail now that he doesn't have big majorities in both chambers.
    Nov 3 06:06 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "Yes, the scam of making toxic loans. That indeed was a scam"

    Ah yes, free people freely taking out loans. What a scam.

    "If that was your business"

    No, not my business.

    "then did you warn people that they were involved in a bubble where real estate was liquid when it should not be liquid"

    Warn people they were in a bubble? LOL!
    Sorry, I won't let you buy a house, we're in a bubble.
    You're funny.

    "Did you tell them that the prices could crash and that they were playing with their futures by taking these loans?"

    Do adults really need to be told that prices could go down, they're not guaranteed to go up? Maybe liberals need to be treated like children....

    "I think people who made those loans without full disclosure"

    Without full disclosure of what? Have you ever seen the paperwork involved in a mortgage? Page after page of disclosures.
    Of course you have to read them. And know a little math.
    Tough for the liberals, I know......
    Nov 3 12:55 AM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "I don't pay credit cards either, Jim"

    Excellent! You don't need a rate cut to make your payments easier.

    "Why are you being so arrogant?"

    Something to do with your silly comments.

    "This is about the greater economy and the scam of big banks"

    The scam of big banks? LOL!

    "Again, if you don't make payments did you get bonus money that should go to the taxpayers?"

    Why should my bonus money go to the taxpayers, comrade?

    "Did you make your money through the banking scam?"

    You mean the scam of accepting deposits and making loans?

    " You won't post a bio so your statements about your financial advantages have no use"

    My financial advantages? Have no use for what?
    Nov 2 07:06 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    I haven't paid any credit card interest in over 10 years.
    Maybe you shouldn't count on a Fed interest rate cut to make your credit card payments easier?
    Nov 2 06:17 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    While borrowers can refinance fixed-rate mortgages, Greenspan said homeowners were paying as much as 0.5 to 1.2 percentage points for that right and the protection against a potential rate rise, which could increase annual after-tax payments by several thousand dollars.

    He said a Fed study suggested many homeowners could have saved tens of thousands of dollars in the last decade if they had ARMs. Those savings would not have been realized, however, had interest rates shot up.

    "American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage," Greenspan said.

    I don't see anything objectionable in the above 3 paragraphs. And I didn't see anything in the speech where he recommends anyone get an adjustable.
    Nov 2 06:14 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "Based on what was coming, it turned out he was very wrong"

    OMG! He couldn't predict the future? LOL!

    "He made an assurance that was built upon the sand of toxic mortgages"

    An assurance? I think you're reading too much into his statement.

    "I suppose you could foolishly defend toxic mortgages"

    I'm defending toxic mortgages? There's that silly imagination of yours again. My adjustable mortgages were anything but toxic.
    I wish I still had the last one. I'd be paying 2.5% right now.
    Nov 2 02:11 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    Yes, people who were underwater walked away.
    They weren't underwater because they had adjustables.
    Nov 2 02:09 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "You have to rely on circumstantial evidence in proving a conspiracy"

    I'm still waiting for your "proof" that the rich families control the big banks and therefore the Fed.

    Despite your link which clearly stated shareholders don't control the Fed. That was funny. I love when your "proof" shows the opposite of your claim.
    I wonder if that's part of your conspiracy to make conspiracy theorists look like clowns?
    Nov 2 02:08 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "And the part where he said households are in good shape also turned out to be a lie"

    Households didn't seem to be in good shape in February 2004?
    Nov 2 01:54 PM | Likes Like |Link to Comment
  • "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."  [View news story]
    "American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage," Greenspan said."

    Thanks. Once again your own source disproves your original claim.
    You're on a roll. LOL!
    Nov 2 01:53 PM | Likes Like |Link to Comment
  • Why the Fed Will Be Dissolved Within Five Years [View article]
    "But when they were massively borrowing they didn't pass a dime on to credit card customers"

    Did credit card customers really need to borrow more money?

    Well I'm glad you learned something about borrowing from the Fed.
    Maybe your posts will be more useful now?
    Nov 2 01:50 PM | Likes Like |Link to Comment
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