Search results

Even though we are not on the gold standard, if our dollar completely lost its value overnight, the government has the gold to back up any neccesary purchases it might need and it could pay any employees it needs to keep with gold backed paper if the need should ever arise. Also, imagine if...

Bailout is perfect plan. This is how it works. Government spends 700 billion and takes 80% stakes in these companies they bailout. Most of the stocks they will get the equity in have already lost more than 90% of their value. so they stand to make a ton of money....for instance...

Thats such B.S. We already hit bottom. Im in sacramento (one of the hardest hit areas in the country) we had a 12 month inventory of resales in february of this year...today we have just a little over a 2 month inventory of resales. And the thing is, that because they report that prices are...

So warren buffet buys a stake in GS, and THEN goes on to say the bailout is a good thing. Also wants to hide certain information so the rest of us cant see whats going on because we will "Make our own reality"?? WTF is that? I tell you what. I'm not normally a doom & gloomer, but I...

Why cant they just ban CDS's now? Force the floating rate payers to give back the money collected from fixed rate payer(or part of what they collected), and tell the greedy fixed rate payer investors that were hoping for a big payoff to go f*** themselves cause they aint getting anymore than...

You talk about how great brazil is, but why dont you mention that more people have been murdered in brazil between 1979 and 2003 than all the american soldiers killing in WWII, vietnam, IRAQ and the revolutionary war put together! That basically means it was safer to walk the streets where...

No problem in my family with getting credit. Wife just got her first credit card last week for 3500. (she's always been on mine so this is the first one that she got on her own) I have 3 credit cards, but only use one because I get 2% cash back on all purchases to the first 25000 dollars...

After WWI in england, they knew that alot of soldiers would not have homes to come home to. So they announce that they would build 1,000,000 new homes for these soldiers. If they did that today, at todays median home price in the U.K., that would equate to about 400 billion dollars (at todays...

Just did the math. If you took all the gold in the world, then sold it all at 900 dollars per ounce, it still wouldnt be enough money to cover the 700 billion dollar bailout. (We would be short about 57 billion dollars)

http://news.yahoo.com/s/ap/20080923/ap_on_re_mi_ea/un_general_assembly If Ahmadinejad says we are going to collapse, you can take it to the bank (no pun intended). I think everyone will flock to buy US dollars tommorrow since the entire world knows that this guy is never right about...

If one of the richest men in the world is underwater, what does that mean about us? That would mean we are about 100 miles under the deepest part of the ocean floor. Dang...he just made another 32 million now! Now his total profit for the day for GS is 858,695,652 (and 17 cents...you...

He is getting warrents to buy 5 billion dollars of GS common stock with a strike price of 115. With after hours trading hitting 133.50 per share, that means he is up about 800+ million dollars already. Every time GS moves 1 penny, thats $434k he makes or loses. Must be nice to be able to make...

Funny, but after i read this article, i just happened to notice a "tent city" outside of a small town in the napa wine country somewhere near calistoga.

nah...they are just playing with their new bailout toy right now. In a little while we will see interest rates go up and then again the next month and again and again and we'll get interest rates up to 1980s levels. It would be nice to get a 7% interest rate again on my regular savings account :)

So now that the government is taking on all the bad debt, it seems a pretty safe bet that they are going to start jacking up the fed rate, right? I mean, now they got NO reason to keep it so low, right? They will start working on inflation by raising rates and we will see oil, gold and the...

Well it looks like the government isnt going to let all the people that they are bailing out give themselves bonuses this year (or so i read) So heck...theres a few 100 billion that just paid for itself!

Gotta love that slogan "Helping thousands of families nationwide" But they need to add "while destroying 1000s of banks & economies worldwide"

If it was that easy, dont you think they wouldve been good hard working citizens BEFORE they went to jail? They ended up in jail because they didnt want to work, then committed crimes so they could have a quick buck. If someone commits a crime and their sentence is they gotta stay...

Your math is a little off there buddy. 700 billion buys 2.8 MILLION depositor accounts worth 250k...not billion.

This is what i suggest you do. Sell all your shares in WM and collect your profit, then take 1k to 2k and buy Jan 10 12.50 calls. The ask price is .40 right now which means you will get about 25 options per 1k. Then dont even look at until near the end of 2009. By them WM will be back at 40...