Re: [AsburyPark] Re: Why should the people bail out Wall Street?
Blame is unhelpful? They should be replacing the guys that left with golden parachutes with lead parachutes and then drop their asses from a plane. --- On Thu, 10/2/08, Jersey Shore John [EMAIL PROTECTED] wrote: From: Jersey Shore John [EMAIL PROTECTED] Subject: Re: [AsburyPark] Re: Why should the people bail out Wall Street? To: AsburyPark@yahoogroups.com Date: Thursday, October 2, 2008, 10:50 AM Blame is ALWAYS unhelpful, when the blame falls on Republicans. On Oct 2, 2008, at 9:35 AM, justifiedright wrote: --- In [EMAIL PROTECTED] ups.com, Gabrielle Obre gabrielleobre@ ... wrote: and i don't think it is possible to point the blame for the mess in any one place, of course it feels good when we can find evidence that its the other teams fault, but thats all ego and nonsense. the responsibility is all of ours. and we'll all be reasonably ok..especially if we are here participating in this forum...though I understand the need for all to take responsibility and blame is unhelpful. I just don't understand then when people claim the lack of regulation of Fannie and Freddie was a Republican problem when the video of the congressional hearing shows the opposite, as does McCain's 2005 bill he proposed to regulate them (remember I'm no McCain fan; just telling the facts). I've always thought that Presidents generally don't affect the economy, rather they ride or crash the cyclical wave the are lucky enough/unlucky enough to meet. I'm pretty sure two Presidents directly affected the economy, one a Dem the other an R - FD Roosevelt and Reagan. I wish we could talk to them both right now. love the physics/god stuff. i am a big fan of the physics as God idea. the first thing that blew my mind was listening to a physicist describe how everything is mostly space, including us..and energy connects all of us. we are not separate sacs of skin and bones. our seeming division is not real. You, your neighbor, your dog, that flower you are smelling and the computer you are typing on are all made from material formed in a Star. Pretty cool. don't read my column this week...you'll really be disappointed in me. I suggest you avoid mine as well :-) [Non-text portions of this message have been removed] [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote: How do you use Mark to Market accounting when dealing with an asset that is not widely traded? You have no data upon which to set a value. Also, when a firm goes under and is selling off their assets at a fire sale, is it fair to use those sale numbers when someone else is valuing an asset under Mark to Market? Maybe the realty experts on the board can opine. If only we had someone on the board who regularly dealt with burden of valuing unique property? :-) Mark to market is the only true way. Difficulty in estimating value? Welcome to my world. Like trying to catch a falling knife today. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Why should the people bail out Wall Street?
Bush, Greenspan brought up the Fannie and Freddie problem years ago. Barney Frank insisted that there were no problems. http://www.youtube.com/watch?v=VgctSIL8Lhs --- On Tue, 9/30/08, justifiedright [EMAIL PROTECTED] wrote: From: justifiedright [EMAIL PROTECTED] Subject: [AsburyPark] Re: Why should the people bail out Wall Street? To: AsburyPark@yahoogroups.com Date: Tuesday, September 30, 2008, 10:45 PM --- In [EMAIL PROTECTED] ups.com, dfsavgny [EMAIL PROTECTED] . wrote: But this is the mess you get with LESS REGULATION. Regulation of Fanny and Freddy? Really? Watch this. 8.5 minutes. Watch the whole thing to the end. Let me know what you folks think. http://www.youtube. com/watch? v=_MGT_cSi7Rs [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
Tommy - Not sure if here you're referring to my post about the Wall St. bailout. If you are, I'd want to say that there are indexes by Creditex and Markit, which contain traded prices on Credit Default Swaps (CDS) and Collaterolized Debt Obligations (CDOs). Paulson doesn't want taxpayers paying the low prices the professional traders are currently paying for these. He's already said he wants taxpayers to buy these assets at future maturity rates. Wasn't that what Asbury Park residents wanted and didn't get in the redevelopment and rehab zones? Maureen --- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote: How do you use Mark to Market accounting when dealing with an asset that is not widely traded? You have no data upon which to set a value. Also, when a firm goes under and is selling off their assets at a fire sale, is it fair to use those sale numbers when someone else is valuing an asset under Mark to Market? Maybe the realty experts on the board can opine. If only we had someone on the board who regularly dealt with burden of valuing unique property? :-) --- In AsburyPark@yahoogroups.com, asburycheech asburycheech@ wrote: Hi Folks, Maureen Nevin who is a member of this group is having an issue with her internet connection, so she asked me to pass along the following. She has a lot of good information on her asburyradio.com website, but hoped those interested might like to read the following as well: -- Forwarded message -- From: Jay Hyde jhyde@ Date: Tue, Sep 30, 2008 at 3:12 PM Subject: CAQ Urges Congress to Reject Proposals to Suspend Mark-to-Market (Fair Value) Accounting To: maureen@ September 30, 2008 Dear Member of Congress: The Center for Audit Quality (CAQ) believes that proposals advocating suspension of mark-to-market (or fair value) accounting are not in the best interest of investors or the capital markets and should be rejected. The principles of mark-to-market accounting are rooted in the fundamental virtue of transparency and are central to informed market decisions and efficient allocation of capital. In our view, investor confidence would be undermined by efforts designed to mask the actual value of financial assets at a given point in time. It is important to underscore that mark-to-market accounting has contributed positively to revelations about the severity of the economic crisis facing our country's credit markets and certain institutions, but it did not create the economic crisis. Recently, some have suggested that the Securities and Exchange Commission (Commission or SEC) or the Financial Accounting Standards Board (FASB) should suspend the application of mark-to-market or fair value accounting or somehow impose a moratorium on mark-to-market requirements for certain financial institutions when preparing financial statements to be used by investors. Although determining fair values for financial instruments in an illiquid market can be challenging, the best estimate of the prices that would be received for such instruments in orderly transactions occurring at the measurement date remains the most relevant information for investors and policymakers. To lessen the uncertainties about the value of these securities, it is critical that investors continue to have the insight provided by the application of mark-to-market accounting principles. Many of the current requirements stem from the Savings Loan crisis in the 1980s, when we learned that not knowing the real, current values of financial instruments held by financial institutions can be devastating when the bubble finally bursts and institutions are forced to close their doors. The current requirements provide a uniform and consistent method to measure market values and provide investors increased disclosures about those measurements. Suspending mark-to-market accounting would throw financial reporting back to a time of less comparability, less consistency and less transparency. If there are concerns with the impact of asset valuations on capital requirements of financial institutions, regulators have alternatives other than obscuring information relevant to investors. Regulators may modify those requirements based on criteria other than fair value accounting measurements to the extent they deem appropriate. Other capital markets participants also have expressed concern about the lack of transparency that would be created by a suspension of mark-to-market accounting. The Council of Institutional Investors, which represents 130 public, corporate and union pension funds with combined assets of more than $3 trillion, stated in a recent letter to the SEC that [a]ny termination or suspension of fair value accounting
[AsburyPark] Re: Why should the people bail out Wall Street?
To my knowledge these are actual trades that are reported in these indices, not assigned values based on aspects of the assets or what an insurer would give you in an accident. These indices are a recent benefit to the market, since OTC products have typically lacked transparency for this as well as other reasons. Did you read the open letter from the auditors that Frank posted for me yesterday? Maureen --- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote: Are creditex and markit reliable? Do people routinely take issue with their amounts (like I do with blue book on cars?) --- In AsburyPark@yahoogroups.com, radio881gal restore881FM@ wrote: Tommy - Not sure if here you're referring to my post about the Wall St. bailout. If you are, I'd want to say that there are indexes by Creditex and Markit, which contain traded prices on Credit Default Swaps (CDS) and Collaterolized Debt Obligations (CDOs). Paulson doesn't want taxpayers paying the low prices the professional traders are currently paying for these. He's already said he wants taxpayers to buy these assets at future maturity rates. Wasn't that what Asbury Park residents wanted and didn't get in the redevelopment and rehab zones? Maureen --- In AsburyPark@yahoogroups.com, justifiedright justifiedright@ wrote: How do you use Mark to Market accounting when dealing with an asset that is not widely traded? You have no data upon which to set a value. Also, when a firm goes under and is selling off their assets at a fire sale, is it fair to use those sale numbers when someone else is valuing an asset under Mark to Market? Maybe the realty experts on the board can opine. If only we had someone on the board who regularly dealt with burden of valuing unique property? :-) --- In AsburyPark@yahoogroups.com, asburycheech asburycheech@ wrote: Hi Folks, Maureen Nevin who is a member of this group is having an issue with her internet connection, so she asked me to pass along the following. She has a lot of good information on her asburyradio.com website, but hoped those interested might like to read the following as well: -- Forwarded message -- From: Jay Hyde jhyde@ Date: Tue, Sep 30, 2008 at 3:12 PM Subject: CAQ Urges Congress to Reject Proposals to Suspend Mark-to-Market (Fair Value) Accounting To: maureen@ September 30, 2008 Dear Member of Congress: The Center for Audit Quality (CAQ) believes that proposals advocating suspension of mark-to-market (or fair value) accounting are not in the best interest of investors or the capital markets and should be rejected. The principles of mark-to-market accounting are rooted in the fundamental virtue of transparency and are central to informed market decisions and efficient allocation of capital. In our view, investor confidence would be undermined by efforts designed to mask the actual value of financial assets at a given point in time. It is important to underscore that mark-to-market accounting has contributed positively to revelations about the severity of the economic crisis facing our country's credit markets and certain institutions, but it did not create the economic crisis. Recently, some have suggested that the Securities and Exchange Commission (Commission or SEC) or the Financial Accounting Standards Board (FASB) should suspend the application of mark-to-market or fair value accounting or somehow impose a moratorium on mark-to- market requirements for certain financial institutions when preparing financial statements to be used by investors. Although determining fair values for financial instruments in an illiquid market can be challenging, the best estimate of the prices that would be received for such instruments in orderly transactions occurring at the measurement date remains the most relevant information for investors and policymakers. To lessen the uncertainties about the value of these securities, it is critical that investors continue to have the insight provided by the application of mark-to-market accounting principles. Many of the current requirements stem from the Savings Loan crisis in the 1980s, when we learned that not knowing the real, current values of financial instruments held by financial institutions can be devastating when the bubble finally bursts and institutions are forced to close their doors. The current requirements provide a uniform and consistent method to measure market values and provide investors increased
[AsburyPark] Re: Why should the people bail out Wall Street?
Mo, I did read the post that Frank made for you. I wasn't even aware of the issue until you posted it. Thanks for doing so - it's an interesting insight. For those of you who don't know, this business stuff is Marueen Nevin's area of journalistic expertise. That's why I asked her the questions. We're futunate to have folks like her on this board with expertise in such an important current event (wish she was back on the radio). --- In AsburyPark@yahoogroups.com, radio881gal [EMAIL PROTECTED] wrote: To my knowledge these are actual trades that are reported in these indices, not assigned values based on aspects of the assets or what an insurer would give you in an accident. These indices are a recent benefit to the market, since OTC products have typically lacked transparency for this as well as other reasons. Did you read the open letter from the auditors that Frank posted for me yesterday? Maureen --- In AsburyPark@yahoogroups.com, justifiedright justifiedright@ wrote: Are creditex and markit reliable? Do people routinely take issue with their amounts (like I do with blue book on cars?) --- In AsburyPark@yahoogroups.com, radio881gal restore881FM@ wrote: Tommy - Not sure if here you're referring to my post about the Wall St. bailout. If you are, I'd want to say that there are indexes by Creditex and Markit, which contain traded prices on Credit Default Swaps (CDS) and Collaterolized Debt Obligations (CDOs). Paulson doesn't want taxpayers paying the low prices the professional traders are currently paying for these. He's already said he wants taxpayers to buy these assets at future maturity rates. Wasn't that what Asbury Park residents wanted and didn't get in the redevelopment and rehab zones? Maureen --- In AsburyPark@yahoogroups.com, justifiedright justifiedright@ wrote: How do you use Mark to Market accounting when dealing with an asset that is not widely traded? You have no data upon which to set a value. Also, when a firm goes under and is selling off their assets at a fire sale, is it fair to use those sale numbers when someone else is valuing an asset under Mark to Market? Maybe the realty experts on the board can opine. If only we had someone on the board who regularly dealt with burden of valuing unique property? :-) --- In AsburyPark@yahoogroups.com, asburycheech asburycheech@ wrote: Hi Folks, Maureen Nevin who is a member of this group is having an issue with her internet connection, so she asked me to pass along the following. She has a lot of good information on her asburyradio.com website, but hoped those interested might like to read the following as well: -- Forwarded message -- From: Jay Hyde jhyde@ Date: Tue, Sep 30, 2008 at 3:12 PM Subject: CAQ Urges Congress to Reject Proposals to Suspend Mark-to-Market (Fair Value) Accounting To: maureen@ September 30, 2008 Dear Member of Congress: The Center for Audit Quality (CAQ) believes that proposals advocating suspension of mark-to-market (or fair value) accounting are not in the best interest of investors or the capital markets and should be rejected. The principles of mark-to-market accounting are rooted in the fundamental virtue of transparency and are central to informed market decisions and efficient allocation of capital. In our view, investor confidence would be undermined by efforts designed to mask the actual value of financial assets at a given point in time. It is important to underscore that mark-to-market accounting has contributed positively to revelations about the severity of the economic crisis facing our country's credit markets and certain institutions, but it did not create the economic crisis. Recently, some have suggested that the Securities and Exchange Commission (Commission or SEC) or the Financial Accounting Standards Board (FASB) should suspend the application of mark-to- market or fair value accounting or somehow impose a moratorium on mark-to- market requirements for certain financial institutions when preparing financial statements to be used by investors. Although determining fair values for financial instruments in an illiquid market can be challenging, the best estimate of the prices that would be received for such instruments in orderly transactions occurring at the measurement date remains the most relevant information for investors and policymakers. To lessen the
[AsburyPark] Re: Why should the people bail out Wall Street?
Gabbi, seriously, I don't understand you. You post last week quite dramatically about your frustration that Americans are absorbed in frivolity and don't discuss issues deeply. I posted for you the congressional hearing where the Republicans were demanding regulation of Fannie and Freddie, insisting both were acting wrongly and warning of the serious consequences of a collapse. The Democrats were denying the problem and the need for regulation. That's contrarty to what the mainstream media is feeding us. In response, you say you stopped watching and instead listened to a song. Are you must a poser when it comes to intellectual discussion? Content to just blame other Americans for refusing to discuss a problem deeply as a projection of your own shortcomings in that regard? You disappoint me. --- In AsburyPark@yahoogroups.com, Gabrielle Obre [EMAIL PROTECTED] wrote: i tried to watch. ADD kicked in so i listened to this song instead...-..here are the lyrics. heres the song... http://www.youtube.com/watch?v=g7CxvBr7x8o Mr Nothing's got A lot to say Mr. Nothing's got a lot He's got a lot to say He's good at being what he's not Gives nothing away Another day goes on by And he never speaks his heart He takes his chance with what he's got It's too late now to stop You push and you pull and struggle with the knot It's tying you up while you're fadin' You give and you take and take what you got Round and round 'till it breaks and You push and you pull and struggle with the knot It's tying you up while you're fadin' into your lie Mr. Nothing is late He's running out of time He questions whether chance or fate will ever show a sign Looks to the sky above For a glimpse of what it means And never never never make Make no sense to him You push and you pull and struggle with the knot It's tying you up while you're fadin' You give and you take and take what you got Round and round 'till it breaks and You push and you pull and struggle with the knot It's tying you up while you're fadin' into your lie You push and you pull it --- In AsburyPark@yahoogroups.com, justifiedright justifiedright@ wrote: --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote: But this is the mess you get with LESS REGULATION. Regulation of Fanny and Freddy? Really? Watch this. 8.5 minutes. Watch the whole thing to the end. Let me know what you folks think. http://www.youtube.com/watch?v=_MGT_cSi7Rs Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
John did you watch the video of the congressional hearing I posted? Seems that there is cause to blame the mortgage/lending crisis advocates for housing for the poor. I believe we have one of those folks on this board. Love to hear what she thinks (makes the issue Asbury related, too). --- In AsburyPark@yahoogroups.com, Jersey Shore John [EMAIL PROTECTED] wrote: The Democrats were denying the problem and the need for regulation. HUH? Just: WHA? On Oct 1, 2008, at 8:15 AM, justifiedright wrote: Gabbi, seriously, I don't understand you. You post last week quite dramatically about your frustration that Americans are absorbed in frivolity and don't discuss issues deeply. I posted for you the congressional hearing where the Republicans were demanding regulation of Fannie and Freddie, insisting both were acting wrongly and warning of the serious consequences of a collapse. The Democrats were denying the problem and the need for regulation. That's contrarty to what the mainstream media is feeding us. In response, you say you stopped watching and instead listened to a song. Are you must a poser when it comes to intellectual discussion? Content to just blame other Americans for refusing to discuss a problem deeply as a projection of your own shortcomings in that regard? You disappoint me. --- In AsburyPark@yahoogroups.com, Gabrielle Obre gabrielleobre@ wrote: i tried to watch. ADD kicked in so i listened to this song instead...-..here are the lyrics. heres the song... http://www.youtube.com/watch?v=g7CxvBr7x8o Mr Nothing's got A lot to say Mr. Nothing's got a lot He's got a lot to say He's good at being what he's not Gives nothing away Another day goes on by And he never speaks his heart He takes his chance with what he's got It's too late now to stop You push and you pull and struggle with the knot It's tying you up while you're fadin' You give and you take and take what you got Round and round 'till it breaks and You push and you pull and struggle with the knot It's tying you up while you're fadin' into your lie Mr. Nothing is late He's running out of time He questions whether chance or fate will ever show a sign Looks to the sky above For a glimpse of what it means And never never never make Make no sense to him You push and you pull and struggle with the knot It's tying you up while you're fadin' You give and you take and take what you got Round and round 'till it breaks and You push and you pull and struggle with the knot It's tying you up while you're fadin' into your lie You push and you pull it --- In AsburyPark@yahoogroups.com, justifiedright justifiedright@ wrote: --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote: But this is the mess you get with LESS REGULATION. Regulation of Fanny and Freddy? Really? Watch this. 8.5 minutes. Watch the whole thing to the end. Let me know what you folks think. http://www.youtube.com/watch?v=_MGT_cSi7Rs [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: I'm an equal opportunity religious hater. To me, they are all BS. The only redeeming quality of religion is it's ability to bring people together as a support group. Why can't we do this on our own, without mythology? Why not have non-religious holidays just because we all work so hard? Christmas depresses me, and it makes me ponder the absurdity of a holiday that promotes spending excess. It's total hypocrisy. Spend spend spend, in the name of jesus. I'm sure god would approve. Sorry to sound so offensive, but we need to wake up on a global level and stop letting mythology rule our lives. When the stock market crashes, if it does, how can we justify the fact that some of the people guiding our destiny are on holiday because their religion gives them the opportunity? I understand what you mean Jack (even if I don't share the view about religion - I'm still Catholic ;-)). There are ways to explore the why are we here question without religion or even the need for a personal God with a name. I've taken great spiritual comfort in reading about science. In physics and cosmology, I particulary read about the Big Bang and the expansion of the Universe. Related to that is quantum mechanics. Add to that Biology and Geology, particularly Darwin's work and then going forward. Give a try - you might dig it. It's helped my spriituality greatly. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
I was probably being a little harsh last night. While I'm not religious, I've had moments in my life where I found comfort in being around religious people. I'm also a big fan of Buddism. --- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: I'm an equal opportunity religious hater. To me, they are all BS. The only redeeming quality of religion is it's ability to bring people together as a support group. Why can't we do this on our own, without mythology? Why not have non-religious holidays just because we all work so hard? Christmas depresses me, and it makes me ponder the absurdity of a holiday that promotes spending excess. It's total hypocrisy. Spend spend spend, in the name of jesus. I'm sure god would approve. Sorry to sound so offensive, but we need to wake up on a global level and stop letting mythology rule our lives. When the stock market crashes, if it does, how can we justify the fact that some of the people guiding our destiny are on holiday because their religion gives them the opportunity? I understand what you mean Jack (even if I don't share the view about religion - I'm still Catholic ;-)). There are ways to explore the why are we here question without religion or even the need for a personal God with a name. I've taken great spiritual comfort in reading about science. In physics and cosmology, I particulary read about the Big Bang and the expansion of the Universe. Related to that is quantum mechanics. Add to that Biology and Geology, particularly Darwin's work and then going forward. Give a try - you might dig it. It's helped my spriituality greatly. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: I was probably being a little harsh last night. While I'm not religious, I've had moments in my life where I found comfort in being around religious people. I'm also a big fan of Buddism. MY dad's a bio teacher. He told us pretty simple about where you go when you die, But I've felt a bit religious the past year. Last friday driving down he parkway, in my rear view mirror, I watched about a mile back as a car lost control, went into the trees, flipped and came to a stop. I pulled off the road cause no one else was, backed up what I thought was close to the accident. Jumped out and started running, which turned out to be about another mile, in sweats. I got up to the car, and the women was getting out of the car, not a visible bruise. I was sure that by the time I got there, I would of hard time as I hate the site of blood. I took her and sat her down in one of the only other cars that stopped. She said thank you, thank you for stopping. Troppers came and I left. I couldn't breath for about the next hour or more as I had cramps from running. That was the fourth accident I had the opportunity to come upon and watch people more or less get up and walk from this year. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: That being said, why should any of us agree on this bailout plan? Financial Meltdown. Its like chemotherapy. This or another plan, but a plan. There has to be lending. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: But I've felt a bit religious the past year. Last friday driving down he parkway, in my rear view mirror, I watched about a mile back as a car lost control, went into the trees, flipped and came to a stop. I pulled off the road cause no one else was, backed up what I thought was close to the accident. Jumped out and started running, which turned out to be about another mile, in sweats. I got up to the car, and the women was getting out of the car, not a visible bruise. I was sure that by the time I got there, I would of hard time as I hate the site of blood. I took her and sat her down in one of the only other cars that stopped. She said thank you, thank you for stopping. Troppers came and I left. Something like that happened to me. I saw a car turn over and ran to it and found a catholic priest in the car. I asked if he was alright and he said yes my son, Jesus rides with me. I said, he should get himself another driver because you are going to get him killed. I couldn't breath for about the next hour or more as I had cramps from running. That was the fourth accident I had the opportunity to come upon and watch people more or less get up and walk from this year. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
Dan the Man, Didn't the Fed just free up another $680 Billion for lending this week? Why is that not enough without the bail-out? --- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: That being said, why should any of us agree on this bailout plan? Financial Meltdown. Its like chemotherapy. This or another plan, but a plan. There has to be lending. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote: Dan the Man, Didn't the Fed just free up another $680 Billion for lending this week? Why is that not enough without the bail-out? The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities. The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone. Temporary patch. That adds some liquidity. Don't get me wrong - I am no fan of the plan as written (but I would have more relief for my less well off brethen - bless my socialist soul), but I recognize the need to set a market for the bad assets. If done right, we may make money off of this thing. The liquidity above will not really provide the capital (or faith) for lenders to lend. The pipeline needs to be unclogged. But this is the mess you get with LESS REGULATION. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
You and I know it's all a bunch of BS! So 7% of Congress is Jewish. Would Christians work on Christmas Day, if they had to? I'm Catholic and I would in a budget crisis. Israel runs the US. Please! My opinion! I went through this schitt every year around the Christian Holidays. The Arabs wanted something, the Jews wanted something and the Christians? Well, instead of penis envy, we had religious envy! Speaking of my Bell Labs day, when I was a Facilities Manager, in charge of purchasing decorations, etc. --- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: I'm an equal opportunity religious hater. To me, they are all BS. The only redeeming quality of religion is it's ability to bring people together as a support group. Why can't we do this on our own, without mythology? Why not have non-religious holidays just because we all work so hard? Christmas depresses me, and it makes me ponder the absurdity of a holiday that promotes spending excess. It's total hypocrisy. Spend spend spend, in the name of jesus. I'm sure god would approve. Sorry to sound so offensive, but we need to wake up on a global level and stop letting mythology rule our lives. When the stock market crashes, if it does, how can we justify the fact that some of the people guiding our destiny are on holiday because their religion gives them the opportunity? --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: --- government the luxury of a day off because of a religious holiday? I'll be working. Why aren't they? I;m working right now. Drive by my office. Stay open on Xmas as well and new years day It's now an option as a floating holiday - or in some schools in areas where there is a heavier J population - close them down. Like Ocean Township Two days off. We've had these discussions before. shana tova and Laila Tov (I had to google that one) Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote: But this is the mess you get with LESS REGULATION. Regulation of Fanny and Freddy? Really? Watch this. 8.5 minutes. Watch the whole thing to the end. Let me know what you folks think. http://www.youtube.com/watch?v=_MGT_cSi7Rs Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
--- government the luxury of a day off because of a religious holiday? I'll be working. Why aren't they? I;m working right now. Drive by my office. Stay open on Xmas as well and new years day It's now an option as a floating holiday - or in some schools in areas where there is a heavier J population - close them down. Like Ocean Township Two days off. We've had these discussions before. shana tova and Laila Tov (I had to google that one) Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Why should the people bail out Wall Street?
I'm an equal opportunity religious hater. To me, they are all BS. The only redeeming quality of religion is it's ability to bring people together as a support group. Why can't we do this on our own, without mythology? Why not have non-religious holidays just because we all work so hard? Christmas depresses me, and it makes me ponder the absurdity of a holiday that promotes spending excess. It's total hypocrisy. Spend spend spend, in the name of jesus. I'm sure god would approve. Sorry to sound so offensive, but we need to wake up on a global level and stop letting mythology rule our lives. When the stock market crashes, if it does, how can we justify the fact that some of the people guiding our destiny are on holiday because their religion gives them the opportunity? --- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: --- government the luxury of a day off because of a religious holiday? I'll be working. Why aren't they? I;m working right now. Drive by my office. Stay open on Xmas as well and new years day It's now an option as a floating holiday - or in some schools in areas where there is a heavier J population - close them down. Like Ocean Township Two days off. We've had these discussions before. shana tova and Laila Tov (I had to google that one) Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Why should the people bail out Wall Street?
In a message dated 9/29/2008 11:35:29 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: shana tova and Laila Tov (I had to google that one) L'Shanah Tovah Tikatevu, 5769 **Looking for simple solutions to your real-life financial challenges? Check out WalletPop for the latest news and information, tips and calculators. (http://www.walletpop.com/?NCID=emlcntuswall0001) [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
