Search results

where did you come up with this idea? no bk court would simply wipe away gm's debt when they have billions in cash and hard assets that could be given to creditors. the $15/sh you came up with is just some made-up number that has no meaning. if gm liquidated, shareholders would get $0 which...

fvck gm and ford and all these lame ass companies who are asking for handouts. i'm sick of how this country is turning into a socialist economy where taxpayers pay for others' incompetence. -mervyns just went out of business. should we have given them a billion dollars too? -circuit city...

the auto industry in general (not just gm) needs to reduce supply to match dramatically falling demand. every manufacturer has seen double-digit sales declines from 2007 and it's gonna get worse in 2009, as it appears this recession won't be a mild one. gm and ford may go bankrupt or...

this is what used to happen, but the mortgage relief act of 2007 that bush signed will temporarily change this for certain debt forgiven in 2007-2009

is sipc insurance is per individual or per account? for instance, if you have $100k cash per account at two different brokerages and both fail, does sipc reimburse you $200k?

nothing will happen. if ibkr goes out of business, your paper account will be deleted and you can open a new account elsewhere.

this is why the commission structure is dumb and a ripoff for buyers/sellers: 10 years ago, the full commission on a sale was 6%. in 2006, it was still 6%. but the price of a home was 70% higher. did the agent's costs go up 70% in that time? did they have to do 70% more work?

the op is increasenow, does it surprise you he's doing something idiotic?

the entire process is lame. you're paying tens of thousands of dollars for someone to drive you around and fill out some docs. give me a break. they argued that the process is needed to protect the buyer. well, tell me how well that worked for the 100,000+ people who are being foreclosed...

that's why i said fractal is a fraud and is just showing his false bravado. he's pretending that he's real cool for defaulting on his debt but won't mention the downside. anyway, who the hell pays 31% interest on a credit card? you gotta be a total loser who's constantly late on payments to...

the most important thing we need to do to keep social security viable indefinitely is to actively tie the entitlement age to the cdc's life expectancy. when social security was first signed into law, the l/e was ~62 years. right now, the entitlement age should be in the mid 70s.

people falsely assume that low rates necessarily cause a bubble. sometimes they do, sometimes they don't. what was japan's bubble the last 15+ years? what was the usa's bubble from the early 50s to mid 60s when rates were consistently low? low rates didn't solely cause the latest...

i didn't make myself clear last time so i'll try again. you don't seem to understand what "naked put selling" is, and neither does jjack for that matter. if the op sells a put without shorting the stock, that is a naked short sell. whether he has the cash to back it up is not relevant to...

who cares? baseball is retarded and boring as hell. now that it's over, there's only one other retarded thing on tv that i can't wait to end: election coverage

fractal is showing false bravado (and is dumb for defaulting).. what he's too embarassed to mention is, his credit is fvcked up now and he: 1. can't rent a car or book a hotel room without putting up hundred of dollars cash deposit, because he can't get a credit card. 2. can't get water...

this is not correct. he is selling naked because he did not short the stock and he's probably not approved for naked selling. if you want to gain approval for it in a margin account, you generally need 6-figure account equity. alternatively, he can convert the account to cash (instead of...

the other question is, when will prices return to their peak? i say 15+ years for the core metro areas and 25+ years for the less desirable, overbuilt, outlying areas.

boy, the education system is failing left and right. lol, how many homes did you expect there to be in a state that has 35 million residents? los angeles alone has over 750,000 single family structures

by getting an r8 or vantage or low-end exotic, you're telling the world "i'm a pretty good trader, not that great though. i couldn't afford the 200k car so i settled for this". :D the great ones get ferraris and lambos. the r8 reminds me of the nsx. it'll be popular the first couple of...

the lifetime limit for stafford loans is $20ish thousand, and for perkins it's $40k. and you have to be freaking way below the poverty line to get the max. my family was poor and i remember getting nowhere near the max. that means most of this guy's $160k debt was not backed by the govnt.