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Posted by: not2needy 1 year, 8 months ago
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not2needy1 year, 8 months ago
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You're welcome tex.
Another issue is the new bankruptcy laws. They make filing a bankruptcy almost impossible for poor people, and with the enormous interest rates people are being charged, NO WAY can they make a dent in their debt.
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AnteUp1 year, 8 months ago
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not2needy ~
I remember how engrossed we were listening to the debate
about that bankruptcy legislation. It was similar to that
feeling the morning after the 2000 and the 2004
elections..........you just couldn't believe we lost.
How could Congress pass it and still be considered the
representatives of the PEOPLE? The new laws only protect the
big guys.
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not2needy1 year, 8 months ago
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When they passed that backruptcy legislation, to only protect big corporations, it was like a heinous crime had been committed against the American people.
HOWEVER, if people don't have jobs and have no money, they can't get blood out of a turnip!
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Will13131 year, 8 months ago
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that was the real prize... the dollar...
why invest slowly.. when you have the game rigged from the beginning...
install forest gump in the WH and a weak dollar policy...
invest in euro futures and short the dollar on the market....
just a few billion which I'm sure the Bush family and their Saudi friends could come up with....invested when Bush was selected as pres.. would have returned over 1600 times the money invested..... 1600
5 billion times 1600.. you do the math.. i don't have a calculator that big.. it's in the TRILLONS...
and the beauty .. no one tracks currency trading and IT'S NOT TAXABLE....
read TRILLIONS.. on just a very few BILLION.. they could have paid for the war OVER AND OVER.. instead it's in SOMEONES pocket...
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jordan111 year, 8 months ago
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When they passed that backruptcy legislation, to only protect big corporations, it was like a heinous crime had been committed against the American people.>>>>
And even after doing that, Americans voted for the fools, or worse, didn't vote at all. Maybe this is the crisis that is needed to force Americans to educate themselves on important issues that affect THEM. Personally, I'm sick and tired of paying for their ignorance.
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AnteUp1 year, 8 months ago
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not2needy ~
No - and they can't be putting beaucoup bucks in the
old campaign coffers like the favored few either - eh?
I get SO angry when I go through the logic. I've got
one vote - and a great big CEO has only one vote.
Ah, it's a level playing field, No? No - but why?
Because they have the power of their fortune to BUY the
candidate some votes. So, realistically, if we weren't
lead by their crummy ad campaigns and glossy flyers, that
their money makes possible,(and throw in a few journalists
on the payroll too) to decide our choice,we could level the
playing field. It's not easy - "It's hard work" - lol,
but it is the only way to regain OUR power.
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quackpot1 year, 8 months ago
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The current proposals to help Wall Street tycoons become even more wealthy make the laws to which AnteUp refers seem mild.
Currently, in response to the irresponsible actions of the financial community that have placed us in this mess, the Fed and Mr. Paulson (Secretary of the Treasury) are pumping about $200 billion in newly printed money directly into the pockets of not only the Banks, but also large Wall Street firms such as J.P. Morgan (technically a loan in exchange for worthless Wall Street paper; the Fed usually exchanges newly printed money for Treasury Notes, and only deals with banks).
Mr. Paulson then goes on to propose the creation of a new financial system that will REDUCE oversight and give the Wall Street tycoons even more freedom to fleece the unsuspecting.
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flyonthewallzz1 year, 8 months ago
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It is hard for me to figure this stuff out, and I could be wrong.
But just for yucks: it looks like if you took the $200 billion and let 2 million folks refinance $100 thousand of their mortgage from %5 to %2.5, Their payments would drop by $141.70 a month. This would amount to a $3.4 billion per year economic stimulus package for 30 years.
Can this be right?
$200 billion / $100 thousand = 2 million
30yr Mortgage monthly payments @ %5 = $536.82 @ %2.5 = $395.12 difference $141.70
$141.70 X 2 million =$283 million per month
$283 million X 12 months = $3.4 billion (x 30 years = $102 billion)
Regular folks pay more than 80 percent of the government receipts and contribute about the same to the GDP.
I think the stimulus package cost us about $150 billion and we get about $100 a month out of it.
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flyonthewallzz1 year, 8 months ago
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Call me a Socialist, and give it to some punk in a cubicle to buy Euros with.
He will make about $30 billion in a year.
http://realestate.yahoo.com/calculators/payment...
http://finance.yahoo.com/currency/convert?from=...
Please check my numbers.
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flyonthewallzz1 year, 8 months ago
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I know, Amazed it is a total moonbat concept that ignores the administrative costs.
But I think the $200 billion is going to securities traders at that rate, not banks.
I also think that many of the Sub-Prime borrowers are paying 25 percent on there paper.
That means that after they are tickled and amortized there monthly payments can hit $2 thousand on a $100 thousand dollar loan.
Pretty easy to see why traders gobbled them up and why folks are having a hard time paying them.
Sure the blame can be spread across the board, but I used to get a lot of fax's at my office to refinance and they where very deceptive.
I was just trying to get some perspective.
(Propeller does inconsistant stuff with %)
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