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Is that the Wealth Tax that was being pushed as a proposition a couple of years ago? I thought it would be an incentive for rich people to move out of state (talk about unintended consequences), but IIRC they also wanted to make it retroactive and cross-border. That is, you could move, but they...

There are so many weasel clauses in the final bill it's almost the same as Paulson's original 3 page "give me everything and don't ask any questions" proposal. I don't recall the paragraph numbers, but it goes something like: 1. Financial institutions 2. Or anything thing else that the...

You would think the central bankers understand this. Instead they have meddled in the free market and have made it worse, much worse.

So they want to use a high tech kludge to get people to pay more for driving? Why not just raise the gas tax? It would be simpler, cost less and achieve the same result. Well, except someone's brother-in-law wouldn't get the contract. Edit: Oh yeah, it sounds like it would increase the...

All true capitalists should believe in that.

This has been debunked over at Ticker Forum. http://www.tickerforum.org/cgi-ticker/akcs-www?post=75781

GM sent the repo man to collect all the new cars from the local dealership about two months ago. Grass Valley, CA. They had just built a new facility last year. In fact I think it went for auction on 12/15. Edit: Postponed a couple of weeks. On a dreary day on the county courthouse...

Didn't the Japs try 100 year mortgages like about 20 years ago?

This is seriously demented. What would they be backed by? Not the US taxpayer I hope.

With thunderous applause.

Is that a 40-50% increase in actual refis or applications? And what percentage of apps are getting approved these days? Screw the T-shirt. I want a pony.

Farming should be a natural for most of them. It also involves spreading a lot of manure.

Yeah, how can they live with record profits when absolute failures are making more money?

Anyone still think the Dow will hit 10,000 by year end? I think I was optimistic about 2010.

This is not so funny: http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

My wife also grew up in the Soviet Union. After the collpase the Mafia moved in. She said the Chechens were the worst and most brutal. Their signature was beheading their enemies. She knew someone who got on their wrong side and his headless body was found in his car.

Deflation is not bad if you have no debt and lots of cash. Hyperinflation fucks everyone.

Like Australia.

Looks like it's a flat fee of $15 to exercise. It was the same for different numbers of contracts. Of course as soon as I canceled the sell order the b/a started jumping around and TOS was showing positive extrinsic value. I'll try again tomorrow.

Hell, they should cut by 2 points.