Any "Latest & Greatest" about Delta?
08-07-2012 | 08:16 AM
Runs with scissors
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
Roll (over) Eagle!
Or is it War Tide!
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?
08-07-2012 | 08:17 AM
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
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.
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.
08-07-2012 | 08:29 AM
Can't abide NAI
Joined: Jun 2007
Posts: 12,078
Likes: 15
From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
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:
- Let AIGFP sink and stuck it to Goldman, or
- Went to zero, and stayed there
Still just can't believe it. Like a dream after too many White Russians.
08-07-2012 | 08:40 AM
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
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?
What is CA's pension obligation again? 500 billion?
08-07-2012 | 08:48 AM
Gets Weekends Off
Joined: Mar 2008
Posts: 4,105
Likes: 100
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
Nu
08-07-2012 | 09:08 AM
Runs with scissors
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
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.
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:
- Let AIGFP sink and stuck it to Goldman, or
- Went to zero, and stayed there
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!
08-07-2012 | 09:21 AM
Gets Weekends Off
Joined: Dec 2009
Posts: 2,115
Likes: 1
From: 127.0.0.1
08-07-2012 | 09:22 AM
Gets Weekends Off
Joined: Jan 2008
Posts: 4,629
Likes: 15
From: blueJet
Not that I plan on starting, but it's that law of unintended consequences stuff...
08-07-2012 | 09:23 AM
Gets Weekends Off
Joined: Dec 2009
Posts: 2,115
Likes: 1
From: 127.0.0.1
Roll (over) Eagle!
Or is it War Tide! 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
Or is it War Tide!
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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