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Screw that. I don't have any credit card debt, and printing up a trillion dollars or whatever will harm my savings account more than receiving the massively diluted $10k. Propose a solution that benefits ME, and I'll post rave reviews of the idea... well, wait... I could charge the rest of...

hey! many here are devoted elitecnbcwatchers. they're very much like elitetraders except that they don't trade or are elite at anything... so go easy! :)

Someone post the Clinton policy initiative pushing subprime lending. I've been seeing it around again lately... It's all Greenspan's fault... :p lol

Agree somewhat. To mark properly the assets have to be fungible, which I don't think they are. Also, in the absence of transactions in the market, what are you going to mark them to? It would be analogous to valuing everyones house in the neighborhood on just one sale, because that's all the...

Thank you. Appreciate the info.

I think it's crazy how the IMF can have 3000 tons of gold. that just blows me away (it is not new knowledge to me; it has always stunned me). Countries just gave it to them to fritter away on 3rd world POS countries who then simply default on the debt. But if someone could use a mortgage...

I wish they had retail denominations of this stuff. Savings bonds type things. I'd buy 'em...

big hats, no cattle...

Wait, WTI is trading below heavier, more sour grades??? Or WTI is relatively less expensive than the sour grades at the moment? I must be looking at the wrong prices...

This is one of the best parts: "After three days in Reykjavík, I receive, more or less out of the blue, [a phone call. It's] from a producer of a leading current-events TV show. All of Iceland watches her show, she says, then asks if I’d come on and be interviewed. “About what?” I ask...

That article is so funny I almost wet myself. On another note, how the hell did I miss Iceland??????

LOL!!! you hit my funny bone with that. I wish everyone always spoke like that. That'd be my kind of world. :D

^thx. that's what I thought.

xyanix: are you trading the USO fund or crude futures? looking at your chart, what is the 1st month? I'm guessing the spikes are spreads between delivery months right close to settle??? Pardon my ignorance, but I may not be inderstanding what you're talking about. :confused: Can you...

well wait a minute. I thought the new plan was for the bank to take it in the ass on the property, reducing the principal to the point where the payment is no more than 31% of the janitors income???

Everyone in ERCOT west must be long as hell too. more negative prints than positive all day. all that damn wind...

I wonder if we'll be able to offset our personal taxes with the dividends of the shares they buy on our behalf. Or maybe they ought to be required to pay out a refund to everyone when they realize a gain. lol

What were the acquisitions?

Me too. bought my car brand new in 2006 for ~28k. Same make and model (just a 2009) costs $44k today. Must be the deflation the "experts" are all so worried about.

hard for models to be in a spectacular bubble like amazon or yahoo, since their value can't really go up 5x (I guess they could, if we end up paying $500 for a $100 bond). Giving the govt money for a long time at 3% interest is plain stupid, especially given that they're printing money as...