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JPM ChaseI'm glad I moved some of my cash into a CD.
At WaMu
You'll do fine . . .
Please...pretty soon you'll be able to name your price. This is regardless of whether or not a bailout bill passes or not.
JPM ChaseI'm glad I moved some of my cash into a CD.
At WaMu
You'll do fine . . .
You think the market around here is that inflated?
I'm happy where I am. it.
they're not buying neighborhoods. i thought you were talking about middle class joe catching a break.
i should have known better.
The JPM funds have been losing money.JPM Chase
You'll do fine . . .
No ? Did you figure this out on your own or is it something you were taught?
He probably already is...but what I am talking about is the 5 billion dollar investment he just made(incidentally on shares that took an asskicking today) that's set to pay him a 10% annual dividend along with some warrants to buy common shares at 115 the value of which is going to be determned entirely by this bailout when G/S is the first to get in line to sell their bad mortgages.He is probably going to be doing a LOT better than you in the very near future....
That's 500 million per year...because of your taxes.
Do you understand this fool?
Do you understand that he audacity to talk about how the Superrich should be taxed as he was doing this?
This is your hero?
I'll be your hero too...give me all your money.
Dumbass.
You go ahead and cheer the world's richest man getting richer off your taxes..
Why don't you suck his and loan him your wife while you're at it...
Genius.
He's going to take it up the ass without this bailout on this particular deal. He's already started too and if those common shares drop below 115(they were down to 105 at times today) those warrants are useless.With or without the bailout.
And if he tries to get out now he is going to lose money....he's down 200 million right now.
I had nothing against the guy until he pulled this while talking about how the superrich should be taxed....while he's setting himself up to make @500 million a year annually off our taxes...
And has sheltered multiple billions of his wealth from any form of taxation.
this dude. He's dirty and he serves himself. Forget everything you ever heard about him previously.
I was never worried. I'm not sure if they can change the really good rate I got or not, but I know if they do I can take it out with the accrued interest and no penalty -- which I will do.JPM Chase
You'll do fine . . .
me and wife are RN's we make $$$$ pretty much anywhere....thank god.
At the very worst, I'm in under the FDIC limits so I don't care much. The only bad thing about the Chase takeover compared to an FDIC takeover is that depositor rates are going to down no matter what. The IndyMac bank that the FDIC has been running for months still has really high rates for depositors.
If you have good credit they'll give you a loan at a good rate. You might not be going to a large national bank...but there are going to be some good state banks that didn't get ed by the CRA that are going to have cash to give out.
...there are lots of COMPANIES that have bunches of cash that are still issuing commercial paper.
You're wrong. Maybe in a year or two you when the market settles down you might be able to rely more on that kind of investing but for now you're wrong. Anyone who's anyone in the realty business knows the only way to feed themselves is get the general public to believe home values are so low its the deal of the century. Meanwhile yeah their down but they were way up to begin with. Taxes anyone?
I do believe that Texas especially South Texas is a bit sheltered from this.
Reason:
The economy here isn't that bad. We have a ton of military employees and South Texas is swarmed with millions of oil field workers. Not to mention the new windmill employees are really booming in the Corpus and Valley areas.
Its not the best its been but its still rocking pretty strong. Certainly not the their taking up North.
Home appraisals aren't as bad but its still out of control. Taxes Taxes Taxes. Its the easiest way to get them.
I'm middle class according to Obama...and I know i'll be looking for some deals...
How the house voted----
http://clerk.house.gov/evs/2008/roll491.xml
Doesn't mean its any cheaper.
Prime used to be around 620. This is where these banks got into some trouble. They set the prime so low and the rest of the guys cleaned up on the mid 500's. Most of which were horrible lends.
then it went to 680
then the economy started to tumble and they moved it to 700
then 720
and now half the banks are doing prime at 740 or better which is almost no one.
So the rates are higher regardless of how good a deal you got.
Its not going to get affordable until the criteria levels off and the banks come up with a more subjective system.
You can have great credit and not get a decent home loan. Its a real problem.
I'm not talking about buying stuff tomorrow...i'm talking about paying attention to the markets and being ready to deal...that might be 2 months and it might be 2 years. You just have to be ready.
Source?
I heard an interview with an economist of some sort saying that the commercial paper market has virtually dried up recently.
I wish I could source that better.
Here is an attempt:
U.S. Commercial Paper Slumps Most Since August 2007 (Update3) (Bloomberg news)
Sept. 25 (2008) (Bloomberg) -- Corporate short-term borrowing plunged as rates around the world soared and investors pulled record amounts of cash from the biggest buyers of the debt.
The U.S. commercial paper market slumped $61 billion, or 3.5 percent, to a seasonally adjusted $1.7 trillion for the week ended Sept. 24, the Federal Reserve said today in Washington. On a non-seasonally adjusted basis, the market dropped $44 billion to $1.64 trillion.
The financing arms of equipment makers such as Caterpillar Inc. and Deere & Co. may reduce their reliance on commercial paper after General Electric Co. said it will cut the debt by about $10 billion. Investors pulled a record amount of cash out of money-market mutual funds in the week ended Sept. 23 after the first shareholder losses in 14 years. Money-market funds are the biggest buyers of commercial paper, which typically helps fund day-to-day expenses including payroll and rent.
``If you can't do that, we have some serious problems,'' said Jerry R. Marlatt, a partner in New York in the financial products group of Clifford Chance LP who works with issuers of asset-back commercial paper. ``We're at a key intersection here in terms of confidence.''
--------------------------------------------
Thats not what it sounded like you were talking about. You suggested it was a good time to jump in and I don't agree.
2 months....maybe. 2 years who knows but hopefully its more stable.
Just internal industry knowledge...
x 472.00
Weak. Hehe...my bad.
EDITED: first time I have ever cut and paste...well, anything that wasnt an article. I got that email from my brother-in-law not 5 minutes before posting that drivel. Embarassed doesnt begin to explain my position.
True...and it's the Republicans that are flailing about in a panic because the bill they didn't want passed didn't get passed.
They didn't want it passed because they were in a panic, and now that it didn't get passed as they wanted they are really in a panic...while the Democrats were calmly trying to force it through and are no doubt thrilled that didn't go through.
I heard they popped open a bottle of champagne to calmly celebrate the fact that they bill they want passed didn't get passed. While the Republicans are desperately handwringing that they bill they didn't want passed didn't get passed.
You're brilliant.
From a stockholder, this is one of those times you need to hold on thru the rough times.
Waiting another few days won't be the worst thing in the world. Letting the worst offenders sell themselves for nothing will be a good thing. However, I expect enough of a crash to change a few votes.
lol @ libs being so eager to tax anyone making a buck and now worried the end of the world is near
Yeah that makes a lot of sense.
What's funny is the are the mother ers that have been railing against the evils of coprorate America for the past 8 years and now they are upset that corporate America is being hung out to dry for their own greed.
Liberal logic...gotta love it.
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