| Author |
 Topic  |
|
|
Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 09/28/2008 : 15:45:32
|
From the New York Post today:
You must be logged in to see this link.
Excerpt,
JPMorgan finally unloaded a two-story Colonial at 139 Blackford Ave. The bank repossessed the house in May from an owner who owed $377,265 and then sold it in July for $172,380.
Way to go Congress!!! Knowing the knuckleheads we've got in charge down there, they'll buy the sludge a full face value, sell it at one third, and the 1/3 they recover will be MORE than consumed in RED TAPE!
OBTW, every source I read and trust says $700B is just the tip of the iceberg 
|
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
|
|
|
pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/28/2008 : 19:48:23
|
Unfortunately, the $700 Billion is only the down payment.
Much like a sub-prime loan, wait until the reset kicks in. |
 |
|
|
starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 09/30/2008 : 16:39:14
|
The most common figure being thrown around is 1.3 trillion dollars ($1,300,000,000,000).
And even that will prove to be just the tip of the iceberg.
Ouch! |
|
|
|
swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 10/01/2008 : 15:32:49
|
The government isn't going to buy the loans at face value. If they bought the loan for $150,000, then they made $22,000 before red tape expenses.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
|
|
|
Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 10/01/2008 : 17:23:49
|
quote:
Originally posted by swusc
The government isn't going to buy the loans at face value. If they bought the loan for $150,000, then they made $22,000 before red tape expenses.
-SWUSC
If we're lucky, they won't buy any at all. Why would any other party bid on assets once the Gov places a bid? And if only one party bids, how can they possibly establish fair market value?
Way too many unanswered questions, way too much leeway for Paulson and his pals w/ ZERO ACCOUNTABILITY.
|
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
|
|
|
|
Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/01/2008 : 18:35:24
|
Let me get this right… they have taken a 700 billion dollar bailout and added 150 billion more to sweeten the deal to try to buy votes!
Ughhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
|
|
|
|
Copper Catcher
Administrator
USA
2092 Posts |
|
|
Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/01/2008 : 20:36:11
|
| The Senate passed the bill...again! Let’s hope the House has more sense! |
|
|
|
n/a
deleted
41 Posts |
Posted - 10/03/2008 : 12:05:30
|
| Sonofabitch. I'm watching MSNBC right now and it's passing more than 2 to 1. Bend over and assume the position! |
I'm not gone, I'm just lurking. |
|
|
|
starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 10/03/2008 : 14:35:16
|
| Now the "Joe six-packs" and "soccer moms" will be able to keep their McMansions and SUVs! America is saved! |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/03/2008 : 19:18:33
|
And gold closed $.30 higher today with all that going on. What's wrong with that picture? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 10/03/2008 : 20:18:18
|
quote:
And gold closed $.30 higher today with all that going on. What's wrong with that picture?
Answer;
The Golden Rule - He who has the gold rules.
It's like going to a casino,they set the odds in their favor.
You can't beat the house...
> |
|
|
|
Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/04/2008 : 23:40:41
|
Hey, they're the Government, I thought they were her to help US?
"Of The Rich, By The Rich, For The Rich"
Maybe I can sign up for employment with Soylent Green? |
There's profit if you melt things!!
8{> |
|
|
|
fb101
Administrator
USA
2856 Posts |
Posted - 10/05/2008 : 00:03:41
|
One thing is for sure, no longer can the Dems say the republicans cater to wall st. and the rich.
I think this has proven that the game is the same for both sides, Especially since more Dems voted for it than republicans. |
 |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/05/2008 : 15:31:58
|
quote:
Originally posted by Computer Jones
Hey, they're the Government, I thought they were her to help US?
"Of The Rich, By The Rich, For The Rich"
Maybe I can sign up for employment with Soylent Green?
Mmmmmmmmmm.. Soylent Green.  Do you get an employee discount if you work there? Get some of that, and a bunch of Ant's non-shrimp flavored Ramon noodles and you are gonna be gormandizing on the cheap.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
| |
Topic |
|
America, this is what your $700B will buy you
Forum Locked
