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<title>It is the economy, stupid forum - dslreports.com community</title>
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<description>It is the economy, stupid forum current topics</description>
<language>en</language>
<copyright>Copyright 2007, dslreports.com</copyright>
<pubDate>Wed, 10 Feb 2010 10:51:21 EDT</pubDate>
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<item>
<title>Scary charts thread</title>
<link>http://www.dslreports.com/forum/remark,23743216</link>
<description><![CDATA[Ok I'll start:

[att=1]

Post your stock charts, FED charts or any crazy financial figures here for our viewing 'pleasure'. ]]></description>
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<pubDate>2010-02-02 15:01:52</pubDate>
</item>

<item>
<title>WS Bonus pool $145 BILLION, or 1% of GDP</title>
<link>http://www.dslreports.com/forum/remark,23691400</link>
<description><![CDATA[http://online.wsj.com/article/SB10001424052748704281204575003351773983136.html

Read it and weep, welcome to official Banana Republic status.  :(
--
TANSTAAFL]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23691400</guid>
<pubDate>2010-01-23 15:50:27</pubDate>
</item>

<item>
<title>What would you do with this stock?</title>
<link>http://www.dslreports.com/forum/remark,23777024</link>
<description><![CDATA[EAGB.PK  0.0018   0.0000   0.00% 
I can't sell it, it would cost me money to do that!
 :(]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23777024</guid>
<pubDate>2010-02-09 10:28:01</pubDate>
</item>

<item>
<title>This Bank can&#x27;t lose.</title>
<link>http://www.dslreports.com/forum/remark,23773141</link>
<description><![CDATA[So IndyMac goes bust in and is seized by the FDIC in July 2008, and all assets sold to 1WestBank in March 2009. 1WestBank is owned my GS VP Steven Munchkin, and GS shareholders John Paulson (no relation to Hank) and George Soros. 

1WestBank purchased the mortgage assets for $.70 on the dollar and HELIOCs for $.58 on the dollar with the FDIC backstopping 80-95% of any losses to be incurred due to short sales or foreclosures. And oh yeah, losses are generously calculated using the ORIGINAL loan value, NOT the .$70/dollar haircuts.

Real world example:

$478,000 original mortgage value + 6 months of missed payments=
$485,200/.70 haircut means 1West paid $334,600 for the loan.

The house is sold for $241,000 on a short sale. Using FDICs most generous formula, 1West gets to use the original $478,000 to calculate their FDIC insured losses which comes to $244,200.

FDIC then writes a cheque for 80% of the net loss (80% of 244,200) which comes to $195,360.

Ok, so add the short sale and the FDIC cheque and 1West made $436,360 on a loan they paid $334,600 for. 

NET PROFIT: $101,760 and oh yeah...the borrower was forced to sign a promissory note for $75,000. 

Good thing the FDIC is well capitalized eh? And good thing J6P isn't simmering to a slow boil...

Moral Hazard personified, IMHO. 

5 minute Video explaining my written example:http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1111064

Edit-Thanks Phil for the spelling correction :)]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23773141</guid>
<pubDate>2010-02-08 15:07:39</pubDate>
</item>

<item>
<title>Trading and investing in 2010</title>
<link>http://www.dslreports.com/forum/remark,23601261</link>
<description><![CDATA[Short term, long term, stocks, options, bonds, commodities, real estate, what have you. If there is a *legal* market for it ;), it's open game.

Play nice. If you disagree with a play, attack the play on fundamentals, not the player. 

SPAMing, anonymous and otherwise, will not be tolerated. 

Investment type games should not be posted here. 

Good luck, and be wise.
--
It's a fact : Chicks dig Mafia players.
'Wanna help buy a goat?' - http://www.kiva.org
]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23601261</guid>
<pubDate>2010-01-06 19:19:51</pubDate>
</item>

<item>
<title>401(k)/IRA Screw Job Coming?</title>
<link>http://www.dslreports.com/forum/remark,23612872</link>
<description><![CDATA[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aR9zVMXzOeX0

 quote:The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.More from Market-Ticker Central: quote:Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market! 



http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
--
The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. 
]]></description>
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<pubDate>2010-01-08 18:34:21</pubDate>
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<item>
<title>Social Security: Cash-Flow NEGATIVE in 2010</title>
<link>http://www.dslreports.com/forum/remark,23752627</link>
<description><![CDATA[Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.

A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits.

Instead of helping to finance the rest of the government, as it has done for decades, our nation's biggest social program needs help from the Treasury to keep benefit checks from bouncing -- in other words, a taxpayer bailout.

No one has officially announced that Social Security will be cash-negative this year. But you can figure it out for yourself, as I did, by comparing two numbers in the recent federal budget update that the nonpartisan CBO issued last week.

The first number is $120 billion, the interest that Social Security will earn on its trust fund in fiscal 2010 (see page 74 of the CBO report). The second is $92 billion, the overall Social Security surplus for fiscal 2010 (see page 116).

This means that without the interest income, Social Security will be $28 billion in the hole this fiscal year, which ends Sept. 30.

http://finance.yahoo.com/focus-retirement/article/108747/next-in-line-for-a-bailout-social-security?mod=fidelity-readytoretire

So much for 2017! and 2009 was likely negative as well. Jim Chanos on CNBC this morning, summed it:""developed countries have 2 choices inflation or break promises, no other way out"

These 'entitlements' are toast, one way or the other though I fully expect they'll seize (NOT the word .gov is going to use obviously) 401(k)s first in a last ditch effort at appearing solvent. 

Savers be warned, it couldn't be more obvious how they will try and preserve the system. 
--
Political tags - such as royalist, communist, democrat, liberal, conservative, and so forth - are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire. -R. A. Heinlein]]></description>
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<pubDate>2010-02-04 09:06:58</pubDate>
</item>

<item>
<title>Ford earning profits?</title>
<link>http://www.dslreports.com/forum/remark,23717198</link>
<description><![CDATA[Just read Ford made some money last quarter.

http://www.latimes.com/business/la-fi-ford-profit29-2010jan29,0,7206695.story

"Ford Motor Co. posted a profit of $2.7 billion for the year, a dramatic turnaround for the company, which weathered one of the worst years in the history of the automotive industry in comparatively good health."

I bought a couple shares when it was at $2.94 a little while back.  And plan to throw some IRA dough their way this year.  
--
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote."]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23717198</guid>
<pubDate>2010-01-28 12:06:09</pubDate>
</item>

<item>
<title>Eggo shortage or a lesson in not putting eggs in one basket</title>
<link>http://www.dslreports.com/forum/remark,23667543</link>
<description><![CDATA[Dunno how many of you have been hit by the Eggo shortage or not. I normally don't eat them, but it reminded me of something a company I worked for had gone through, a lesson Kellogs now learned the hard way.

When my company signed a contract with a customer, part of the contract stated we would have two locations in two seperate parts of the country. The reason was in case one location got hit by a flood or fire the other would keep up production.
As the Eggo shortage proves out, kellogs failed to do that, and when their plant in Atlanta got flooded, it hit the whole country as supplies where sold.
--
I want Obama money. "wheres it comming from?" I dunno, his stash. I don't care, I just want obama money. Shows the lack of education and the greed of people. Hand outs from the government comes from your pay check and wallet. Think about it.]]></description>
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<pubDate>2010-01-19 13:25:49</pubDate>
</item>

<item>
<title>NY Fed and their unaudited control of economy</title>
<link>http://www.dslreports.com/forum/remark,23724491</link>
<description><![CDATA[This should get everybody interested in the economy and in money upset about how a small group of bankers led by the NY Federal Reserve Bank has almost unlimited control over our economy. 

This will get the conspiracy theorists spinning, but even just the pure facts are enough to scare anyone over the power these unaccountable to Congress or anyone else bankers have over our economy.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaIuE.W8RAuU

It isn't a long article, and you should read it.]]></description>
<guid isPermaLink="true">http://www.dslreports.com/forum/remark,23724491</guid>
<pubDate>2010-01-29 16:51:08</pubDate>
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