Search results

Apparently you don't understand the difference between the FHA and the GSE's. $300B is the FHA liability - that is new as a result of this bill. The $5T GSE's liability has always been there. You think that the gov't would have let the GSE's default even without this bill passing...

Read what I wrote - if EVERY FHA-backed home is foreclosed upon and deemed completely and totally worthless (ie: $0 value) then the loss is $300B. Unless the homes are worth less than zero (!?!) the FHA cannot lose more than that. Do you comprehend that?

False Worst case if every home is foreclosed and sold for $0 then the FHA program loses $300B - that is a hard limit, not "bottomless" The GSE's are liable for $5T but the gov't has always implicitly backed their debt so all this is doing is making the guarantee more explicit. Letting...

Exactly. Raising the debt ceiling had to happen regardless, its not like we are running a balanced budget. This bill actually doesn't cost that much money - read the details. It puts the gov't on the hook to guarantee a lot of GSE debt but it doesn't actually spend that much money...

They can't and they know it. Sucks to be them as much as it sucks to be us.

http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=4873&accnt=64847 http://finance.yahoo.com/tech-ticker/article/41423/Roubini-More-Than-1-Trillion-Needed-to-Solve-Housing-Crisis

I think you don't understand what the fed does. They are short-term not long-term loans - your 2.5 trillion calculation makes no sense. The fed's balance sheet is published online, every week I believe. Read it for yourself.

http://www.hothardware.com/printarticle.aspx?articleid=1178 OCZ NIA Brain-Computer Interface Designed for gamers but perhaps this would have some use for scalpers. I found this quote interesting: "The difference in reaction time between a finger twitch and a twitch of an eyebrow is...

Do you have a macro that adds "Excellent Commentary" to every reply or do you type it manually each time?

Old news

If you want to image the entire drive I prefer Acronis (that would alone you to replicate the current drive to a new drive and avoid re-installing the OS) Do not delay, once a drive starts failing you likely don't have much time before it will become unreadable

Did you read this thread? http://www.elitetrader.com/vb/showthread.php?s=&threadid=100878 That's what happened. His old fund (not advertised) and his new fund (http://www.schindlertrading.com/index.php?page=performance) are still in existence. No problem accessing the site here, maybe it...

Ummm, if you were familiar with the FDIC you would know that it is NOT a hassle to get your money back during a crisis. IndyMac closed on Friday, by Monday the take over was complete and customers had full access to the FDIC insured portion of their money. That means ATM, online access...

Translation - southamerica made up the "about 1,000 other banks around the United States in the edge of the abyss and ready to go under at any time" stat. He references something he heard from "some fellow" and turned that into a talking point about 1,000 banks ready to go under. And...

The people waiting in line / showing up to the bank 4 hours before it opens are idiots. Clue alert: A bank taken over by FDIC isn't like WalMart on the day after Thanksgiving - its not like they are going to run out of money and then turn you away. The first person in line isn't...

No, Read page 11 of the PDF: "There are both informal and formal revocable trusts. Informal revocable trusts, often called “payable-on-death” (POD), “Totten trust,” or “in trust for” (ITF) accounts, are created when the account owner signs an agreement–usually part of the...

That isn't always true, its easy to title a single account so that has more than $100k in coverage: http://www.fdic.gov/deposit/deposits/insured/yid.pdf If Robert Clark had listed his mother, sister and brother on the account as POD on his account then that account would have been covered...

Why does it matter? As long as you stay within the FDIC limits your money is safe. IndyMac was taken over Friday and Monday morning customers could walk in and get their money. Can't get much better than that.

Not true. A single individual can have multiple accounts at a single institution by using different POD titling on the different accounts http://www.fdic.gov/deposit/deposits/insured/yid.pdf

"NEW YORK (Dow Jones)--The U.S. government's plan to bolster Fannie Mae (FNM) and Freddie Mac (FRE) by increasing their federal lines of credit and possibly injecting equity capital won't help the firms' shareholders, Goldman Sachs analysts said Monday, repeating their recommendation that...