NAFI

Obama's Auto Incentives Are Off the Mark

why are people so stuipid. When you refine crude you get a ton of ethylene, benezene, etc, etc. You might as well use it. Crude is here to stay. Without it, we live back to the turn of the 1800's. Oh yeah, and your car will be made completely out of steel. Which means more coal fired furnaces. The oil crunch will cause a ton of oil tankers to dump their entire loads in the deep ocean since they can't sell it here and there is no way their country will take it back, cause they already have enough. Self centered on green is a hypocritical idea that will fail. This 'we should be like europe' thing is frustratingly stupid since europe refines 90% of it's imported oil in facilities built in foreign countries. I guess don't crap where you live is how we should start doing it as well, again hypocritical at best. Great Article and Spot On Econmoically!!!!!!

Reforming Corporate Board Structure: Why Barney Frank Is Right

Toro, Frank has been wrong too many times for even one ounce of right to matter much to me. The guy is a politician at heart and not a gate keeper like he should be. He failed at his job and has the audacity to blame his former CEO for his borderline fraudulent service.

CNBC is the same as Frank that's why they can't get along. If anyone thinks that a CEO is going to take a job where he can be removed at a whim and controlled like a dog and there is no money to catch him on the way out, think again. In comes Barney............duh, du, duh, dah, duh!

Don't Worry, We've Had an Even Higher Debt to GDP Ratio Before

Man......what a bunch of sidewalk superintendant's! Everyone here seems to know that this is the 'big one!'

A few things to chew on................If the government fails it starts over with whatever the public debt is....paid for by the bonds that back it up. Our trade deficeit's are rectified with purchases of our debt by those countries that are profiting from the trade. The debt is a fallback plan invented becasue nothing lasts forever. Quit acting like a high debt is really a problem and realize having one, as far as fiat currency is concerned, is a good thing!

Supply and Demand. Government's do not make money off of each other, only private business's that are watched like hawks by all the parting governments can do this and the resulting influx of cash by the benefactor is rectified by spending that cash in their country by purchasing debt, or cash gift's which most moron countries seem to want the most. There is nothing to fear, but fear itself. Quit whining and pick your battles more precisely with what you know rather than what you have read in the paper.

U.S. Debt Is Staggering, But Not Unprecedented

most people here are also missing the fact that US global business did not exist during WWII. Those countries that are buying our debt securities do so to to assure that we do not go out of business. Foreign owned debt will continue to increase as long as we have business' overseas. You want foreign owned debt to decrease then start some business and produce here (Tree Huggers!)

The entire 10 trillion is backed by securities bought and paid for by domestic and foreign entities. It is to their benefit to not see us go down since the only thing that will happen is that their investments crash and they end up in the same situation as the US.

This issue has been beaten to death and a ton of people spreading a ton of bologne love to talk about it.

Toro - do me a favor and write about how borrowning from yourself is not necessarily debt that needs to be repaid as long as you borrow for certain things. You vest your time in the certain things part! Thanks

5-1/2 Ways to Make the Market Rally

On Nov 22 12:45 AM eddy shore wrote:

> well no one put a gun to the heads of the bankers either. your telling
> me they didnt know someone making 50K a year was gonna default on
> 450,000 loan? yet my tax dollars have to bail them out. i say let
> em all hang. the sooner we come clean and stop trying to save everyone
> the sooner we'll get past this mess and move on.

Is it the bankers problem to try and figure out what the buyer is trying to do? NO! Have you ever heard of a bridge loan? Most of these people were trying to flip houses. They got caught on the bridge. Too bad so sad! Lock them into a second 0% mortgage that they cannot refinance. Then lock them into a real world mortgage they can afford.

Number of U.S. Homes With Negative Equity Is Stunning

I think everyone has it wrong. It's not a bailout. The regulators said these loans were good. I repeat, the regulators said these loans were good! The banks did not create ARMS out of thin air so when they started hitting the market the big banks bought them up as investments because they were told do so, as they always have, to free the banks from the debt burden so business can continue as usual.

We all seem to think that it is 'our money', or 'my money', when in effect it is the USA's money, and they will let us have a little if we do what they want us to do.

The horse was led to the water, but the water was poison. Who's at fault? The horse, or the man who led it there to drink? THe banks were led by the regulators to buy this filth that they created.

Now for the automakers............... yeah, that's the same thing!!!