From Remi Cornwall:
They're baaack part II.
http://news.bbc.co.uk/1/hi/uk/7634641.stm
Yes, yes, yes the megaphone of public office. Most of what they say is true.
But guys, that's some fine silk you're wearing and you don't really need a
cathedral to preach from as Christ did it
: 25 September 2008 15:09
To: vortex-l@eskimo.com
Subject: Re: [Vo]:Do do do doo. Do do do doo...
You appear to have stated there are few thinkers of any caliber worth
having a discussion with on Vortex. You then state you're out of
here, and end the threat with an unsuccessful attempt
For those who have not been following the news and do not have a fixed
opinion about the financial problems, let me add a bit of reality.
The collapse of the mortgage market was the event that started the
collapse but it was not the true cause. The big problem is the
derivative market.
On Thu, Sep 25, 2008 at 6:56 AM, Remi Cornwall [EMAIL PROTECTED] wrote:
No more interest only mortgages
You might be interested to know that the interest only loans
originated in the UK in the 80s. AAMOF my wife, a home mortgage
underwriter, actually refers to them as a LIBOR, which is
with itself self-flagellating
and self loathing as your enemies want it.
-Original Message-
From: Edmund Storms [mailto:[EMAIL PROTECTED]
Sent: 25 September 2008 16:11
To: vortex-l@eskimo.com
Cc: Edmund Storms
Subject: Re: [Vo]:Do do do doo. Do do do doo...
For those who have not been
Sobering and provoking thoughts from Remi, Ed, and Terry. Gives me the shudders.
I find it curious that the consumer credit card industry doesn't seem
to have been mentioned in this mess, or perhaps I missed that aspect.
Considering the huge credit card debt load that our population has
On Sep 25, 2008, at 11:51 AM, OrionWorks wrote:
Sobering and provoking thoughts from Remi, Ed, and Terry. Gives me
the shudders.
I find it curious that the consumer credit card industry doesn't seem
to have been mentioned in this mess, or perhaps I missed that aspect.
Considering the huge
,
sports stars or movie stars that inherently have no value.
Therein lies the problem of credit card applications dropping on the
doormat.
-Original Message-
From: OrionWorks [mailto:[EMAIL PROTECTED]
Sent: 25 September 2008 18:52
To: vortex-l@eskimo.com
Subject: Re: [Vo]:Do do do doo. Do
that inherently have no value.
Therein lies the problem of credit card applications dropping on the
doormat.
-Original Message-
From: OrionWorks [mailto:[EMAIL PROTECTED]
Sent: 25 September 2008 18:52
To: vortex-l@eskimo.com
Subject: Re: [Vo]:Do do do doo. Do do do doo...
Sobering and provoking
gets it, it's a poisoned chalice...
-Original Message-
From: Edmund Storms [mailto:[EMAIL PROTECTED]
Sent: 25 September 2008 19:52
To: vortex-l@eskimo.com
Cc: Edmund Storms
Subject: Re: [Vo]:Do do do doo. Do do do doo...
Actually, credit is essential in an active economy. For example
or movie stars that inherently have no value.
Therein lies the problem of credit card applications dropping on the
doormat.
-Original Message-
From: OrionWorks [mailto:[EMAIL PROTECTED]
Sent: 25 September 2008 18:52
To: vortex-l@eskimo.com
Subject: Re: [Vo]:Do do do doo. Do do do doo
of all kinds.
Mike Carrell
- Original Message - From: Edmund Storms [EMAIL PROTECTED]
To: vortex-l@eskimo.com
Cc: Edmund Storms [EMAIL PROTECTED]
Sent: Thursday, September 25, 2008 2:51 PM
Subject: Re: [Vo]:Do do do doo. Do do do doo...
Actually, credit is essential in an active economy
In reply to Mike Carrell's message of Thu, 25 Sep 2008 16:47:34 -0400:
Hi,
[snip]
Fundmentally, it depends on energy, the energy of human intelligence, and
the physical energy to do work of all kinds.
[snip]
...and this is why a new source of essentially unlimited energy can lead to a
golden age
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