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-herb wrote:
> "Steven L." <s...@e...net> wrote in message
> news:eomdnRANnZMWk3XVnZ2dnUVZ_tCdnZ2d@earthlink.com.
..
>> HiC wrote:
>>> 700 billion of the taxpayer's money give or take to bail out these
>>> supposedly public sector enterprises. So, what about the officers and
>>> boards of directors of these various firms who were ultimately
>>> responsible for the decisions that caused the problems? Theoreticaly
>>> these are the people who bear the weight of responsibility for these
>>> firms, isn't that why they're supposedly in these positions - and
>>> getting the big payday?
>>>
>>> They're asking you and me to foot the bill, what are they who have
>>> been profiting the most going to forfeit?
>> In some cases, the CEOs were required to resign their positions. And as I
>> understand it, the bailout bill prevents them from receiving any "golden
>> parachutes." So they won't get attractive severance packages.
>>
>> And you and I are *NOT* going to "foot the bill" in the long term. Sooner
>> or later (probably later), the housing market will bottom out and begin a
>> new bull market in real estate. Then these mortgage-based securities that
>> the Fed bought will appreciate rapidly in value (because they're
>> leveraged). So who knows, you and I may even get a tax break from the
>> profits from those deals.
>>
>> What the Fed is doing, is buying up all these assets that nobody else
>> wants to buy right now because the housing market is still sinking. The
>> Fed has the money and the power to be patient and wait for the housing
>> market to turn around.
>
> If these are such good investments you wouldn't think we'd have to put a gun
> to Congress' head to get them to buy them. They should sell themselves.
>
> Have you bought any?
As I just explained,
the time horizon is too long for me, at my age and state of health, to
be able to wait 20+ years for a turnaround. At some point, I have to be
able to liquidate my investments to live on.
The U.S. government can wait as long as necessary. Because it never
needs the money.
Warren Buffett also thinks very long term. So he was one of the VERY
few private investors to still be interested in putting his money into
U.S. financial assets right now.
If I had a young grandchild, maybe a toddler, who hopefully may live 70+
years into the future, I would recommend such a long term investment for
him too. But I won't be here in 70+ years.
--
Steven L.
Email: s...@e...net
Remove the NOSPAM before replying to me.
"Steven L." <s...@e...net> wrote in message
news:QfudnRCvoat2ZXbVnZ2dnUVZ_q_inZ2d@earthlink.com.
..
> -herb wrote:
>> "Steven L." <s...@e...net> wrote in message
>> news:eomdnRANnZMWk3XVnZ2dnUVZ_tCdnZ2d@earthlink.com.
..
>>> HiC wrote:
>>>> 700 billion of the taxpayer's money give or take to bail out these
>>>> supposedly public sector enterprises. So, what about the officers and
>>>> boards of directors of these various firms who were ultimately
>>>> responsible for the decisions that caused the problems? Theoreticaly
>>>> these are the people who bear the weight of responsibility for these
>>>> firms, isn't that why they're supposedly in these positions - and
>>>> getting the big payday?
>>>>
>>>> They're asking you and me to foot the bill, what are they who have
>>>> been profiting the most going to forfeit?
>>> In some cases, the CEOs were required to resign their positions. And as
>>> I understand it, the bailout bill prevents them from receiving any
>>> "golden parachutes." So they won't get attractive severance packages.
>>>
>>> And you and I are *NOT* going to "foot the bill" in the long term.
>>> Sooner or later (probably later), the housing market will bottom out and
>>> begin a new bull market in real estate. Then these mortgage-based
>>> securities that the Fed bought will appreciate rapidly in value (because
>>> they're leveraged). So who knows, you and I may even get a tax break
>>> from the profits from those deals.
>>>
>>> What the Fed is doing, is buying up all these assets that nobody else
>>> wants to buy right now because the housing market is still sinking. The
>>> Fed has the money and the power to be patient and wait for the housing
>>> market to turn around.
>>
>> If these are such good investments you wouldn't think we'd have to put a
>> gun to Congress' head to get them to buy them. They should sell
>> themselves.
>>
>> Have you bought any?
>
> As I just explained,
> the time horizon is too long for me, at my age and state of health, to be
> able to wait 20+ years for a turnaround. At some point, I have to be able
> to liquidate my investments to live on.
>
> The U.S. government can wait as long as necessary. Because it never needs
> the money.
>
> Warren Buffett also thinks very long term. So he was one of the VERY few
> private investors to still be interested in putting his money into U.S.
> financial assets right now.
>
> If I had a young grandchild, maybe a toddler, who hopefully may live 70+
> years into the future, I would recommend such a long term investment for
> him too. But I won't be here in 70+ years.
What a defeatist attitude. I'm guessing that as soon as I go on the bed
pan, they'll find a way to arrest aging.
So you wouldn't buy 30 year Treasuries if they were selling them?
If it takes 20 to 70 years to recoup value, these 'investments' are a scam.
-herb
On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
<R...@v...com> sayd the following:
>Robert Blass <b...@m...xcx> wrote in crayon...
>
>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>><I...@S...com> sayd the following:
>>
>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>
>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>kind of financial crisis,” said Representative Barney Frank of
>>>Massachusetts, the ranking Democrat on the Financial Services
>>>Committee. ”The more people exaggerate these problems, the more
>>>pressure there is on these companies, the less we will see in terms of
>>>affordable housing.”
>>
>>
>>I bet you get all your wisdom from your hero O'reilly...
>>good little doggie....
>
>You cannot argue the points so you demonstrate what an idiot you are.
>
>I see you have something in common with Barney Frank.
>
>Good job, Blasshole.
>
>
>-
>
>If American Liberals hated al Qaeda as much as they
>hated President G.W. Bush, we'd have the War on
>Terrorism already beat.
well said o'reilly ballsmoocher
Robert Blass <b...@m...xcx> wrote in crayon...
>On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
><R...@v...com> sayd the following:
>
>>Robert Blass <b...@m...xcx> wrote in crayon...
>>
>>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>>><I...@S...com> sayd the following:
>>>
>>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>>
>>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>>kind of financial crisis,” said Representative Barney Frank of
>>>>Massachusetts, the ranking Democrat on the Financial Services
>>>>Committee. ”The more people exaggerate these problems, the more
>>>>pressure there is on these companies, the less we will see in terms of
>>>>affordable housing.”
>>>
>>>
>>>I bet you get all your wisdom from your hero O'reilly...
>>>good little doggie....
>>
>>You cannot argue the points so you demonstrate what an idiot you are.
>>
>>I see you have something in common with Barney Frank.
>>
>>Good job, Blasshole.
>>
>>
>>-
>>
>>If American Liberals hated al Qaeda as much as they
>>hated President G.W. Bush, we'd have the War on
>>Terrorism already beat.
>
>
>well said o'reilly ballsmoocher
It took you four days to come up with that?
Good job, Blasshole.
-
"Before I became governor of the great state of Alaska
I was mayor of my hometown. And since our opponents in
this presidential election seem to look down on that
experience, let me explain to them what the job involves.
I guess a small-town mayor if sort of like a COMMUNITY
ORGANIZER, except that you have actual RESPONSIBILITIES."
-Governor Sarah Palin September 9, 2008
On Sat, 11 Oct 2008 14:56:54 GMT, VRWC Destruction Machine
<R...@v...com> sayd the following:
>Robert Blass <b...@m...xcx> wrote in crayon...
>
>>On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
>><R...@v...com> sayd the following:
>>
>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>
>>>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>>>><I...@S...com> sayd the following:
>>>>
>>>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>>>
>>>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>>>kind of financial crisis,” said Representative Barney Frank of
>>>>>Massachusetts, the ranking Democrat on the Financial Services
>>>>>Committee. ”The more people exaggerate these problems, the more
>>>>>pressure there is on these companies, the less we will see in terms of
>>>>>affordable housing.”
>>>>
>>>>
>>>>I bet you get all your wisdom from your hero O'reilly...
>>>>good little doggie....
>>>
>>>You cannot argue the points so you demonstrate what an idiot you are.
>>>
>>>I see you have something in common with Barney Frank.
>>>
>>>Good job, Blasshole.
>>>
>>>
>>>-
>>>
>>>If American Liberals hated al Qaeda as much as they
>>>hated President G.W. Bush, we'd have the War on
>>>Terrorism already beat.
>>
>>
>>well said o'reilly ballsmoocher
>
>It took you four days to come up with that?
Not 4 days, it's a macro post everytime people suck republicans'
asses...so many sucking asses means the latency increases per batched
posting reply...it is a log jam..
Stop posting so many ballsucking republican posts and the cache will
lower and post day-of posts...
Robert Blass <b...@m...xcx> wrote in crayon...
>On Sat, 11 Oct 2008 14:56:54 GMT, VRWC Destruction Machine
><R...@v...com> sayd the following:
>
>>Robert Blass <b...@m...xcx> wrote in crayon...
>>
>>>On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
>>><R...@v...com> sayd the following:
>>>
>>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>>
>>>>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>>>>><I...@S...com> sayd the following:
>>>>>
>>>>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>>>>
>>>>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>>>>kind of financial crisis,” said Representative Barney Frank of
>>>>>>Massachusetts, the ranking Democrat on the Financial Services
>>>>>>Committee. ”The more people exaggerate these problems, the more
>>>>>>pressure there is on these companies, the less we will see in terms of
>>>>>>affordable housing.”
>>>>>
>>>>>
>>>>>I bet you get all your wisdom from your hero O'reilly...
>>>>>good little doggie....
>>>>
>>>>You cannot argue the points so you demonstrate what an idiot you are.
>>>>
>>>>I see you have something in common with Barney Frank.
>>>>
>>>>Good job, Blasshole.
>>>>
>>>>
>>>>-
>>>>
>>>>If American Liberals hated al Qaeda as much as they
>>>>hated President G.W. Bush, we'd have the War on
>>>>Terrorism already beat.
>>>
>>>
>>>well said o'reilly ballsmoocher
>>
>>It took you four days to come up with that?
>
>Not 4 days, it's a macro post everytime people suck republicans'
>asses...so many sucking asses means the latency increases per batched
>posting reply...it is a log jam..
>
>Stop posting so many ballsucking republican posts and the cache will
>lower and post day-of posts...
>
You have this obsession with sucking and balls. You didn't have to
tell us what you did during those last four days.
-
"Before I became governor of the great state of Alaska
I was mayor of my hometown. And since our opponents in
this presidential election seem to look down on that
experience, let me explain to them what the job involves.
I guess a small-town mayor if sort of like a COMMUNITY
ORGANIZER, except that you have actual RESPONSIBILITIES."
-Governor Sarah Palin September 9, 2008
On Tue, 14 Oct 2008 22:34:25 GMT, VRWC Destruction Machine
<R...@v...com> sayd the following:
>Robert Blass <b...@m...xcx> wrote in crayon...
>
>>On Sat, 11 Oct 2008 14:56:54 GMT, VRWC Destruction Machine
>><R...@v...com> sayd the following:
>>
>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>
>>>>On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
>>>><R...@v...com> sayd the following:
>>>>
>>>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>>>
>>>>>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>>>>>><I...@S...com> sayd the following:
>>>>>>
>>>>>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>>>>>
>>>>>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>>>>>kind of financial crisis,” said Representative Barney Frank of
>>>>>>>Massachusetts, the ranking Democrat on the Financial Services
>>>>>>>Committee. ”The more people exaggerate these problems, the more
>>>>>>>pressure there is on these companies, the less we will see in terms of
>>>>>>>affordable housing.”
>>>>>>
>>>>>>
>>>>>>I bet you get all your wisdom from your hero O'reilly...
>>>>>>good little doggie....
>>>>>
>>>>>You cannot argue the points so you demonstrate what an idiot you are.
>>>>>
>>>>>I see you have something in common with Barney Frank.
>>>>>
>>>>>Good job, Blasshole.
>>>>>
>>>>>
>>>>>-
>>>>>
>>>>>If American Liberals hated al Qaeda as much as they
>>>>>hated President G.W. Bush, we'd have the War on
>>>>>Terrorism already beat.
>>>>
>>>>
>>>>well said o'reilly ballsmoocher
>>>
>>>It took you four days to come up with that?
>>
>>Not 4 days, it's a macro post everytime people suck republicans'
>>asses...so many sucking asses means the latency increases per batched
>>posting reply...it is a log jam..
>>
>>Stop posting so many ballsucking republican posts and the cache will
>>lower and post day-of posts...
>>
>You have this obsession with sucking and balls. You didn't have to
>tell us what you did during those last four days.
I just can't understand why grown men are willing to suck bill
o'reilly's balls.
you guys eat republican cum and ask for more.
Robert Blass <b...@m...xcx> wrote in crayon...
>On Tue, 14 Oct 2008 22:34:25 GMT, VRWC Destruction Machine
><R...@v...com> sayd the following:
>
>>Robert Blass <b...@m...xcx> wrote in crayon...
>>
>>>On Sat, 11 Oct 2008 14:56:54 GMT, VRWC Destruction Machine
>>><R...@v...com> sayd the following:
>>>
>>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>>
>>>>>On Mon, 06 Oct 2008 23:32:09 GMT, VRWC Destruction Machine
>>>>><R...@v...com> sayd the following:
>>>>>
>>>>>>Robert Blass <b...@m...xcx> wrote in crayon...
>>>>>>
>>>>>>>On Sat, 04 Oct 2008 03:46:45 GMT, Ich bin ein Amerikaner
>>>>>>><I...@S...com> sayd the following:
>>>>>>>
>>>>>>>>My favorite quote is from Barney Frank when oversight was proposed.
>>>>>>>>
>>>>>>>>”These two entities — Fannie Mae and Freddie Mac — are not facing any
>>>>>>>>kind of financial crisis,” said Representative Barney Frank of
>>>>>>>>Massachusetts, the ranking Democrat on the Financial Services
>>>>>>>>Committee. ”The more people exaggerate these problems, the more
>>>>>>>>pressure there is on these companies, the less we will see in terms of
>>>>>>>>affordable housing.”
>>>>>>>
>>>>>>>
>>>>>>>I bet you get all your wisdom from your hero O'reilly...
>>>>>>>good little doggie....
>>>>>>
>>>>>>You cannot argue the points so you demonstrate what an idiot you are.
>>>>>>
>>>>>>I see you have something in common with Barney Frank.
>>>>>>
>>>>>>Good job, Blasshole.
>>>>>>
>>>>>>
>>>>>>-
>>>>>>
>>>>>>If American Liberals hated al Qaeda as much as they
>>>>>>hated President G.W. Bush, we'd have the War on
>>>>>>Terrorism already beat.
>>>>>
>>>>>
>>>>>well said o'reilly ballsmoocher
>>>>
>>>>It took you four days to come up with that?
>>>
>>>Not 4 days, it's a macro post everytime people suck republicans'
>>>asses...so many sucking asses means the latency increases per batched
>>>posting reply...it is a log jam..
>>>
>>>Stop posting so many ballsucking republican posts and the cache will
>>>lower and post day-of posts...
>>>
>>You have this obsession with sucking and balls. You didn't have to
>>tell us what you did during those last four days.
>
>
>I just can't understand why grown men are willing to suck bill
>o'reilly's balls.
>
>you guys eat republican cum and ask for more.
You do have issues that would give a psychiatrist job security.
-
"Senator Obama, I am not President Bush. If you wanted
to run against President Bush, you should have run four
years ago. I'm going to give a new direction to this
economy in this country."
-John McCain 10-15-2008
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Takes "Open Mouth, Insert Foot" to an entirely new level
Bailout: What Really Happened on Wall Street
"Stocks drop on concern bailout won't help economy" - And a Nobel Prize is ready
The drama surrounding this bill is like a horror movie at the drive-in
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