Jack please address this question:
Why is it that Oak and Mario and Jennifer posted on this topic all
day, and you said nothing. I posted on it, and you jumped on me.
Why the varied treatment?
--- In AsburyPark@yahoogroups.com, "Jack Pitzer" <[EMAIL PROTECTED]> wrote:
>
> It's actually not prejudice. You have a tendency to plant
discussions that you know are
> going to go on, and on and on, because you tend to rile people up.
> So, for a few years now, a bunch of us would occasionally try and
steer this ship on topic,
> the topic being Asbury Park.
> So, I created a political forum, for AP people like you and I to
discuss politics, and it's
> been pretty lively...but you refuse to join, because you think
you'll be censored, but you
> won't. I only made one rule, two parts, no racism, no threats...but
no, you won't go there,
> and I theorize that you like the attention of more then 400 members
rather then the 17 we
> now have participating in Politics.
> There may be hope for a new way to look at our groups. Yahoo is beta
testing a thing
> called Grouplets, which I'm hoping will let this Yahoo groups thing
act more like a
> message board, with a large group filled with sub topics. That would
rock.
> Sorry if I pissed you off.
>
>
> --- In AsburyPark@yahoogroups.com, "justifiedright"
<justifiedright@> wrote:
> >
> > Jack what the hell are you talking about? This column is about the
> > topic Oak and Mario and Jennifer and others have been discussing
all day.
> >
> > Your prejudice against me is showing.
> >
> >
> >
> > --- In AsburyPark@yahoogroups.com, "Jack Pitzer" <hinge98@> wrote:
> > >
> > > Read it. But it's in the wrong group forum. It should be in
> > politics, just as the moderator
> > > said. Political discussions shouldn't be here after Wed. It's Wed.
> > > Now, I'm sure Tommy will argue that this relates to AP, but the
> > article doesn't demonstrate
> > > a connection to AP.
> > > And Tommy, if you are so against the political group, because you
> > think there will be
> > > censorship, then I'll make you an admin. How does that sound. Please
> > spare this group
> > > from endless discussions that have nothing to do with AP.
> > >
> > >
> > > --- In AsburyPark@yahoogroups.com, "justifiedright"
> > <justifiedright@> wrote:
> > > >
> > > > Read it and weep:
> > > >
> > > > Paulson Speaks. But Will It Move Markets?
> > > >
> > > > By Liz Peek
> > > > Financial Columnist
> > > >
> > > > Treasury Secretary Paulson held a press conference today to
explain
> > > > why his department has shifted the focus of the TARP program from
> > > > buying distressed assets to injecting capital into banks.
> > > >
> > > > Financial Meltdown
> > > >
> > > > He emphasized that the goals of the program - to stabilize the
> > > > financial system and spur lending - have not changed. However, in
> > > > response to shifting events and the threat of potential systemic
> > > > disruption from bank failures, Paulson and his team deemed direct
> > > > capital infusions a more effective prop to the economy. Going
forward,
> > > > Paulson emphasized that his three objectives were
strengthening the
> > > > capital base of the financial system, shoring up the asset-backed
> > > > securities market (which is key to lending in numerous consumer
> > > > sectors) and working to mitigate mortgage foreclosures.
> > > >
> > > > As to the latter, Paulson pointed to the FDIC's proposed loan
> > > > modification metrics used at IndyMac as a guidepost to similar
> > > > efforts. He called the agreement reached yesterday with Fannie
Mae and
> > > > Freddie Mac "extraordinary progress" in attempting to limit
mortgage
> > > > foreclosures. He said, "I have been working to avoid preventable
> > > > foreclosures for some time" and had reviewed innumerable proposals
> > > > aimed at keeping people in their homes, but that mortgage
> > > > modifications were extremely complicated.
> > > >
> > > > As to the outlook, Paulson described the economy's road ahead
as "full
> > > > of challenges." Questioned about the outlook for the Big Three
> > > > automakers, clearly one of those `challenges,' Paulson
described the
> > > > auto industry as "critical," and the administration as
supportive of
> > > > manufacturing.
> > > >
> > > > He declined to promise a bailout of the Big Three, however, and
> > > > repeated the administration's view that the solution has to
lead to
> > > > long-term viability for the industry.
> > > >
> > > > Mr. Paulson said that there was no timetable for the Treasury
to ask
> > > > Congress for the second half of the original $700 billion TARP
plan
> > > > and also confirmed that the $700 billion in funds available
should be
> > > > adequate.
> > > >
> > > > The Dow was off over 250 points as Paulson spoke. The secretary's
> > > > comments are unlikely to alleviate investor concerns about the
length
> > > > or depth of the economic downturn, since the numerous federal
programs
> > > > that have already been initiated have barely taken effect.
Also, the
> > > > Treasury's flip-flop on the use of TARP funds confirms the reality
> > > > that Paulson and his team are navigating uncharted waters -
and may
> > > > not have the answers that investors so desperately crave.
> > > >
> > > > With the global economy weakening by the day, and with financial
> > > > bailouts in countries like Iceland seemingly under stress, the
capital
> > > > markets continue to struggle. One discouraging sign is that
spreads on
> > > > speculative and investment grade debt have narrowed only a
fraction
> > > > from 5 year highs hit on November 4. That is the equivalent,
in debt
> > > > markets, of voting with your feet.
> > > >
> > >
> >
>
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