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Originally Posted by MDPilot
(Post 1241440)
Roll (over) Eagle! :eek: Or is it War Tide! :D Either way, I'm really sick of watching men's field hockey and woman's weight lifting! Who are the two new teams in the SEC? Is it Texas A+M, and...? And when is Payton's first game? And Tebow's? |
Originally Posted by Bucking Bar
(Post 1241495)
Began watching California muni's after reading this book:
Michael Lewis, How The Financial Crisis Created A 'New Third World' : NPR This "depressing" author, also penned Money Ball, which is a great movie, and The Big Short, which made Billionaires out of those on the correct sides of the trades in 2008. It is LOL funny and very educational. I actually think muni defaults will be easier to manage than the feared US Government default. For starters, each is smaller and more isolated. It will be very ugly if you own a home in a community where this occurs. He wasn't wrong, but everything hinges on Andrea Merkle and the German taxpayer. Eventually they will say, "Die faule Griechen ihre eigenen Rechnungen bezahlen." Municipal solvency is something to track now as you invest. Clamp; Bar is IMO correct in his assessment of the macro economy. It isn't a question of whether or not, just a question of when. It is difficult for a seasoned investor to really understand how to protect assets because when your brain goes through all possible machinations, you realize that the government can always nationalize your assets. |
Originally Posted by scambo1
(Post 1241507)
It is difficult for a seasoned investor to really understand how to protect assets because when your brain goes through all possible machinations, you realize that the government can always nationalize your assets.
When Mr. Greenberg was running the show he would have let AIGFP (Financial Products) go bankrupt and told Goldman "sorry Charlie, you knoew what you were doing." Instead the US taxpayer made Goldman whole on their very speculative bets. AIGFP was completely firewalled from the rest of the organization. It was no different from other subsidiaries like International Lease Finance (who probably owned the jets you've flown). Anyway, AIG should have:
Still just can't believe it. Like a dream after too many White Russians. |
Bar, all true. We live on fiat money and if the world governments and those in power wish to keep their good deal going, they will just forgive a lot of the debt. The free market will squeal for a little bit until they realize that they good deal remains intact too.
What is CA's pension obligation again? 500 billion? |
California will legalize and tax it's number one cash crop before they let the pensions go bust. The Feds will let it happen because they need the electoral votes.
Nu |
Originally Posted by Bucking Bar
(Post 1241512)
In this cycle the government has done things that I considered impossible and illegal. The recapitalization of AIG and the forced transfers to Goldman and the German banks for 100 cents on the dollar still makes me about pass out.
When Mr. Greenberg was running the show he would have let AIGFP (Financial Products) go bankrupt and told Goldman "sorry Charlie, you knoew what you were doing." Instead the US taxpayer made Goldman whole on their very speculative bets. AIGFP was completely firewalled from the rest of the organization. It was no different from other subsidiaries like International Lease Finance (who probably owned the jets you've flown). Anyway, AIG should have:
Still just can't believe it. Like a dream after too many White Russians. Hey, what about the PBGC??? Oh, they're underfunded... But that's where OUR retirements went! |
Originally Posted by tsquare
(Post 1241456)
27 days until the VOLS and NC State face off in the Chick-Fil-A kickoff on 31 Aug.
I got my tickets... 25 yard line... 6th row in the upper deck. GBO |
Originally Posted by NuGuy
(Post 1241521)
California will legalize and tax it's number one cash crop before they let the pensions go bust. The Feds will let it happen because they need the electoral votes.
Not that I plan on starting, but it's that law of unintended consequences stuff... |
Originally Posted by tsquare
(Post 1241462)
I don't know if you non-JFK people have seen/heard this, but it is very amusing.
Click here <------------ |
Originally Posted by Timbo
(Post 1241505)
Roll (over) Eagle! :eek:
Or is it War Tide! :D I hear they are actually picking Clempson to beat Auburn, at least around here, which is Gamecock country. Either way, I'm really sick of watching men's field hockey and woman's weight lifting! Who are the two new teams in the SEC? Is it Texas A+M, and...? Missouri |
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