Is the US Bailout a Fraud ?

[The Lone Gunman]

No, I am not happy when I see supposedly serious people using hotmail/yahoo addresses, to me this always looks like fraud and cheap one at that.

If he was working for Wall Street journal and does not know value of presentation and PR then his judgement is highly suspect.

Paulson has only got first part of the plan - get lots of money approved, they don't know yet what to spend it on. Most likely they'd be wise to wait until things drop down further to buy more junk using that money.

Can you for once stop being a tit and try to think about something before posting your ever twisted opinion.
He quite probably wouldnt mind some feedback, but he is likely to get all kinds of demented idiots ranting about all sorts of irrelevant stuff (have you mailed him yet).
With the number of web crawlers out there he will probably rapidly start getting spammed from all directions. With a Yahoo account you can just bin it whereas you can not get rid of your personal domain name and regular account quite so easily.
If you dont understand that then your SKA is doomed to failure.

[AlfredJPruffock]

Are you anyone close to "Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review"?

The guy can't afford his cheap virtual email server with his name or something like this, so he uses free cheap yahoo/hotmail. Yet he worked on Wall Street. It's like using Rover to arrive to a world wide convention of banking that discusses multi-billion issues.



The guy ain't got a clue.

The Govt ain't got enough money for that. Homeowners will continue defaulting, the only thing the Govt can do is to try to reduce losses banks suffer so that they don't go down totally. I can guarantee you 100% that if Govt started bailing out defaulting customers then defaults would grow up to 100%, that's not enough money for that at all, nowhere near.

I think you will find Atw that not all people care about what image their email address projects - especially when you are 68 years old.

At any rate to state the Government doesnt have the money for the Homeowner bailout for defaulting customers - he means people currently behind with their payments - those who stop paying after a cutout date to earn a free ride would not be treated as defaulting customers.

The effective Nationalisation of the housing market is a possible reality not only for the US but for the UK as well.

[expat]

Are you anyone close to "Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review"?

The guy can't afford his cheap virtual email server with his name or something like this, so he uses free cheap yahoo/hotmail. Yet he worked on Wall Street. It's like using Rover to arrive to a world wide convention of banking that discusses multi-billion issues.

Give us a break! He has his own email address, he just doesn't give it out to you.

And the Queen drives a Rover. If you really have the cattle, you don't need a good Stetson.

[AtW]

With the number of web crawlers out there he will probably rapidly start getting spammed from all directions. With a Yahoo account you can just bin it whereas you can not get rid of your personal domain name and regular account quite so easily.

If he is afraid of spam maybe he should not have posted full email but did something like this: unemployedwsjeditor AT yahoo.com. He did not think of that. Just like he did not think of negative image that he gets (in eyes of professionals) when there is such a discrepancy between his supposedly high statue (which may well be true) and usage of the email address that fraudsters use left right and center. It is particularly ironic in light of his fraud article.

If you dont understand that then your SKA is doomed to failure.

SKA is doing well. In many respects due to my judgements that you disprove. That does not bother me.

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The pyramid of debt is falling apart now - everyone can't be saved and a lot of people will be shafted simply because there is not enough money.

[AtW]

And the Queen drives a Rover. If you really have the cattle, you don't need a good Stetson.

Ranger Rover?

In any case Her Majesty is very modest and it shows her right judgement in this case. I doubt very much she'd use yahoo or hotmail email addresses.

[AtW]

At any rate to state the Government doesnt have the money for the Homeowner bailout for defaulting customers - he means people currently behind with their payments - those who stop paying after a cutout date to earn a free ride would not be treated as defaulting customers.

Ok, let's say you give money to those behind payments - what do you think others who struggled to cut costs NOT to be behind payments will do? Well, they'd pretty damn pissed off and fall behind next month! You can't really save the bottom level of the pydamid - it is the most numerous.

The thing you miss is that leverages in money movements is what fed the system with blood - as soon as banks lost money it started hitting real economy because multiplication effect was lost. That's why money need to be injected into the system (each billion should mean extra 10 years of prison for people who got banks into this mess including regulators of course).

[AlfredJPruffock]

Ranger Rover?

In any case Her Majesty is very modest and it shows her right judgement in this case. I doubt very much she'd use yahoo or hotmail email addresses.

Her Majesty's a pretty nice girl
But she doesn't have a lot to say

Her Majesty's a pretty nice girl
But she changes from day to day

I want to tell her that I love her a lot
But I gotta get a bellyful of wine

Her Majesty's a pretty nice girl
Someday I'm going to make her mine, oh yeah
Someday I'm going to make her mine

[AlfredJPruffock]

The thing you miss is that leverages in money movements is what fed the system with blood - as soon as banks lost money it started hitting real economy because multiplication effect was lost

It may surprise you I am well aware of the impact of leveraging - and the thing you miss is that the real Death Star of the financial markets are derivatives - and the abuses thereof.

You aint seen nothing yet.

[AtW]

It may surprise you I am well aware of the impact of leveraging - and the thing you miss is that the real Death Star of the financial markets are derivatives - and the abuses thereof.

Of course I know about derivatives. I've been talking about this for a while now - specifically saying that any leveraging (above 1) should be illegal.

If banks needs to loan money as a morgage they should use their deposits less %-tage put into reserves. So if bank gets £100k deposits they can use £90k for loans. In the last few years they would take £100k deposits in and use leverage to loan out £500k or even more (especially for hedge funds).

[sasguru]

Are you really complaining about his having a Yahoo address when your supposed "business" website has (had?) spelling errors and looks like it was designed by a 5 year old? Now I've heard it all.
Words fail me.