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Agreed 100%.

This is nothing new. It just depends on what your idea of a REASONABLE tax is. But for many here on ET who don't even have an ounce of knowledge on Estate Taxation, here is some background: Right now Obama wants the first $3.5 million of an Estate exempt from the Estate Tax, with anything...

It has certainly been a long ride up from that 776 DJI Low back in 1982.

Anyone want to log-on to Prechter's website at Elliott Wave International for a FREE trial? http://elliottwave.net/aboutewi/freetrial.aspx I've overstayed my "welcome" at EWT and run out of bullets. :)

You may be a "Man" but you are also an Idiot with a capital "I". Giving the Govt. the right to legislate what is deemed to be "hard" work is downright scary . . . not too mention your support of "double-taxation" when it comes to a person's assets, let alone at a 45% tax. The fact that you...

I am well aware of what NOTIONAL value is. That having been said, your sole blame of the consumer for causing the current financial crisis in the banking sector doesn't add up. The numbers don't add up. 6.85% default on $14 trillion doesn't even get you to $1 Trillion dollars . . . and...

Bingo!

What's funny about your last two posts is just how ironic they are . . . You proclaim yourself as a "free-marketer", but then go on to admit that the free-market is not devoid of distortion and failure, is not "self-regulating" as Greenspan thought, and was most likely not ALL THAT FREE (...

I'm sorry, but you have no idea what you are talking about. Have you ever taken a basic course in Macro-economics? The CREDIT MARKETS ( and thus banking sector ) is what makes the Economy run. It has ALWAYS been the focal point. But because TARP-1 got changed at the last minute by Paulson...

Excellent post! Unfortunately, the lack of BRAIN power here on ET these days has resulted in a preponderance of idiotic posts made by people who believed that markets were "Free and Fair" on the way up, and just like Alan Greenspan embraced the idea that the marketplace would be...

Once again your political bias BLINDS you to what is actually going on . . . and you show that you have NO IDEA what you are talking about. Obama is requesting $82.8 Billion to fund operations in Iraq and Afghanistan through the fiscal year ending in September - - - a request that if fully...

You really don't get it do you? I guess you have never heard of "counter-party" risk. Think Lehman X's 1000.

And it's the SAME plan that John McCain proposed during the Presidential debates . . . You know, the guy that Rick Santelli voted for??? Think about that ONE for a moment. :D

I will make this as clear as possible, even for the mentally challenged such as yourself. Consumer debt did in fact double from $7 Trillion in 2000 to $14 Trillion in 2008, without much gain whatsoever in wages. That having been said, the default rate on this debt has been reported by Fitch...

Yep. I lived in NYC for 10 years and paid a 3.1% NY City Tax on top of State and Federal back in the early 90's. And if you commute in from New Jersey or Connecticut, or NY State you are subjected to a Non-Resident City Tax.... usually around 1% or more. But leave it to Gnome and his...

Ding! Ding! Ding! We have a WINNER!!! :D

You mean Hank Paulson.

For the 10,000th time, the Housing Plan is a whole lot more about the BANKS than it has to do with the homeowner that is underwater and thinking about bailing on his mortgage. I am at a total loss as to why people here on this thread (and ET in general) are unable to grasp this!

LOL! :D :D :D

http://www.cfo.com/article.cfm/12280060/c_12280236?f=home_todayinfinance "But since AIG had issued credit-default swaps covering more than $440 billion in bonds—far more than it could afford to cover—what was designed to be tool for hedging became a risk to the entire financial system."...