Global Warming: Investment Implications [View article]
AAUK is now AAUKY. Just keep kicking that global warming can down the road. Like energy independence, Social Security, and health care. Socialize those costs, and then go bankrupt moving the seaports. The Greatest Generation is followed by the Greedy Generation. I'm ashamed.
Wall Street Breakfast: Must-Know News [View article]
Yeah, it's a sad comment on how much the dollar has depreciated in a generation. Most kids laugh like I'm senile when I tell them you could buy a new vehicle for $7k in the '80s.
On Jun 22 09:26 AM prudentinvestor wrote:
> Almost a footnote at the end of the page: "Georgia-based Southern > Community Bank's closure will cost the FDIC $114M. North Carolina-based > Cooperative Bank's closure will cost the FDIC $217M. Kansas-based > First National Bank of Anthony's closure will cost the FDIC $32.2M." > > > These add up to roughly $365m, which is roughly the cost to the taxpayers > of the entire real estate crash of the late 1980's. > > In other words, the total cost to the taxpayers of the previous, > disastrous real estate crash of twenty years ago is now treated as > a minor footnote, repeated on a weekly basis, and almost unnoticed. > Last time, fraudulent bankers were led in chains by the FBI, and > this time they are getting bonuses. Is this the "change we can believe > in" ?
Global Warming: Investment Implications [View article]
Just keep kicking that global warming can down the road.
Like energy independence, Social Security, and health care.
Socialize those costs, and then go bankrupt moving the seaports.
The Greatest Generation is followed by the Greedy Generation.
I'm ashamed.
Wall Street Breakfast: Must-Know News [View article]
in a generation. Most kids laugh like I'm senile when I tell them you could buy a new vehicle for $7k in the '80s.
On Jun 22 09:26 AM prudentinvestor wrote:
> Almost a footnote at the end of the page: "Georgia-based Southern
> Community Bank's closure will cost the FDIC $114M. North Carolina-based
> Cooperative Bank's closure will cost the FDIC $217M. Kansas-based
> First National Bank of Anthony's closure will cost the FDIC $32.2M."
>
>
> These add up to roughly $365m, which is roughly the cost to the taxpayers
> of the entire real estate crash of the late 1980's.
>
> In other words, the total cost to the taxpayers of the previous,
> disastrous real estate crash of twenty years ago is now treated as
> a minor footnote, repeated on a weekly basis, and almost unnoticed.
> Last time, fraudulent bankers were led in chains by the FBI, and
> this time they are getting bonuses. Is this the "change we can believe
> in" ?