FUCK
- Thread starter dorian gray
- Start date
this just broke in the NY Times yesterday, did not see it in any national media yet ... guess $50billion schemes are chump change nowadays.
wonder how many more of these will surface as the economy dives
http://www.nytimes.com/2008/12/13/b...l=1&adxnnlx=1229187765-oIX9zuZilmXrHV3vQR9Kgw
wonder how many more of these will surface as the economy dives
http://www.nytimes.com/2008/12/13/b...l=1&adxnnlx=1229187765-oIX9zuZilmXrHV3vQR9Kgw
J.
Old Fart
so has anyone refinanced their mortgage? with the new rates, i read mortgages are gong for around 4% for people with good credit. time to throw this 6.5% shit to the wind and take advantage of our shitty economy so i can hoard more money
- Apr 8, 2004
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I've thought about this. You need to make sure it's worth the closing costs though. Mine is 5.85% btw.
- Apr 8, 2004
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I've thought about this. You need to make sure it's worth the closing costs though. Mine is 5.85% btw.
edit: lol at you asking anyone on RC if they were going to refi their mortgage.
edit: lol at you asking anyone on RC if they were going to refi their mortgage.
- Apr 8, 2004
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During the 1929 Financial Crash it was said that some Wall Street Stockbrokers and Bankers JUMPED from their office windows and committed suicide when confronted with the news of their firms and clients financial ruin . . Many people were said to almost feel a little sorry for them . . . . .
In 2008 the attitude has changed somewhat:
In 2008 the attitude has changed somewhat:
cthulufhtagn
Went Out for Smokes 13 Years Ago
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looks like one "jumped"
http://dealbook.blogs.nytimes.com/2...n-madoff-said-to-commit-suicide/index.html?hp
http://dealbook.blogs.nytimes.com/2...n-madoff-said-to-commit-suicide/index.html?hp
wildfyr
unus spiritus est
There was a segment on PBS recently about U.S. economic history. It covered a lot of ground on the crash and Great Depression of the early 20th century. I don't recall the title of it but the archival film footage was top notch. Apparently people from all walks of life, from the Big Kahunas to Johns Q. Six-Public invested in the stock market as a way to earn their living, or to supplement an already existing source of income. There is evidence in the film footage of those ticker machines installed in all kinds of establishments, from drug stores to the ocean liners the upper crusties used to commute back and forth between Europe and the States.
Some of the comments and factoids that stuck in my brain were things like (paraphrased):
1. some play the market as a way to avoid physical labor
2. one guy called people who gambled their futures in market speculation: "suckers" and "delusional". I lol'd when I heard that.
"Delusional suckers" eh?
3. the story narrator said that there were not as many jumpers as popular history would have us believe. He said there were jumpers but they were mostly the small-time investors - the Johns Q. Six-Public.
A lot more of the pre-crash history and aftermath was covered. I'll have to check pbs.org to find the title because I may want to buy the DVD and watch it again to review the scant few parts they covered concerning foreign influence.
What I can't get my head around though is this: the guy who bets the rent and grocery money on the crap tables, or dogs, or ponies (i.e., the guy with a gambling problem) is considered to have a disease, but somehow the high rollers on Wall Street don't ever get this disease. How does this happen?
Some of the comments and factoids that stuck in my brain were things like (paraphrased):
1. some play the market as a way to avoid physical labor
2. one guy called people who gambled their futures in market speculation: "suckers" and "delusional". I lol'd when I heard that.
"Delusional suckers" eh? 3. the story narrator said that there were not as many jumpers as popular history would have us believe. He said there were jumpers but they were mostly the small-time investors - the Johns Q. Six-Public.
A lot more of the pre-crash history and aftermath was covered. I'll have to check pbs.org to find the title because I may want to buy the DVD and watch it again to review the scant few parts they covered concerning foreign influence.
What I can't get my head around though is this: the guy who bets the rent and grocery money on the crap tables, or dogs, or ponies (i.e., the guy with a gambling problem) is considered to have a disease, but somehow the high rollers on Wall Street don't ever get this disease. How does this happen?
and now for the story of the day 
http://politicalticker.blogs.cnn.com/2009/01/07/porn-industry-seeks-federal-bailout/
http://politicalticker.blogs.cnn.com/2009/01/07/porn-industry-seeks-federal-bailout/
Reign in Acai
Of Elephant and Man
EricT
Don't you ever get...
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http://money.cnn.com/2009/01/26/news/economy/nabe_survey/index.htm?eref=googletoolbar
This is the shit that drives me up a wall. 50% of economists say the economy will grow in 2009 and 50% say it won't. Which is it assholes?!?!?! It's one or the other. Meanwhile my 401(k) might as well just not exist at this point and it's all based on speculation and polls of so-called experts. I lost some $900 from Jan 1 to Jan 22.
This is the shit that drives me up a wall. 50% of economists say the economy will grow in 2009 and 50% say it won't. Which is it assholes?!?!?! It's one or the other. Meanwhile my 401(k) might as well just not exist at this point and it's all based on speculation and polls of so-called experts. I lost some $900 from Jan 1 to Jan 22.
