The government bailouts have started as the markets freeze up

Parent Cafe
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<p>Ground Zero of the real estate bust…
<a href=“http://www.time.com/time/magazine/article/0,9171,1653635,00.html[/url]”>http://www.time.com/time/magazine/article/0,9171,1653635,00.html&lt;/a&gt;&lt;/p&gt;

142

<p>“Is the NYT the Jewish paper??”</p>

<p>No silly that would be the Washington Post. I subscribe to both the Jewish paper and the Moonie paper here in Washington. I do so wish we had a real American paper. Maybe Conrad Black or Rupert Murdoch could come start one.</p>

143

<p>Wow. Jewish equals Moonie equals non-American.</p>

<p>What a refreshing breath of honesty!</p>

<p>(Nice self-parody in the Murdoch starting an American paper remark, though!)</p>

144

<p>While still on the topic of NYT, here is an article on Countrywide Financial Corporation:</p>

<p><a href=“http://www.nytimes.com/2007/08/26/business/yourmoney/26country.html?_r=1&pagewanted=print&oref=slogin[/url]”>http://www.nytimes.com/2007/08/26/business/yourmoney/26country.html?_r=1&pagewanted=print&oref=slogin&lt;/a&gt;&lt;/p&gt;

<p>

</p>

<p>This does not surprise me one bit. As I said before, you don’t get to the top by being nice.</p>

145

<p>“This does not surprise me one bit. As I said before, you don’t get to the top by being nice.”</p>

<p>Nope, Microsoft was not built on being nice to the competition or the consumers either.</p>

<p>Here’s another interesting point on the income numbers</p>

<p><a href=“Immigration news | Workpermit.com”>Immigration news | Workpermit.com;

146

<p>I thought you got to the top by making those incredibly shrewd cattle futures trades like the world’s smartest lawyer. Hillary made a 10,000% return on a $1,000 investment in 10 months.</p>

<p><a href=“http://www.commodex.com/Hot_Story/Hillary.htm[/url]”>http://www.commodex.com/Hot_Story/Hillary.htm&lt;/a&gt;&lt;/p&gt;

<p>The only time I ever saw a run of luck like that the dice were loaded.</p>

147

<p>^ If you bought an investment (house, property, stocks, bonds, cattle, gold,) at $50/unit and the next day you sell at $55/unit. What is your Rate of Return?</p>

<p>If you bought those units on margin. What is your Rate of Return?</p>

<p>There will be incredible opportunities in RE for flipping repos and distressed properties with no money.</p>

148

<p>Yup. Many homes that would have been foreclosed will instead be gotten rid of by “short sales”. There will be big money to be made in this too! Think of the opportunities!</p>

<p><a href=“http://www.boston.com/business/globe/articles/2007/08/24/short_sales_of_homes_on_rise/[/url]”>http://www.boston.com/business/globe/articles/2007/08/24/short_sales_of_homes_on_rise/&lt;/a&gt;&lt;/p&gt;

149

<p>Vulture funds have already geared up to take advantage of the buying opportunities.</p>

150

<p><a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg;

<p><a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg;

<p><a href=“http://www.cnbc.com/id/20477558/site/14081545[/url]”>http://www.cnbc.com/id/20477558/site/14081545&lt;/a&gt;&lt;/p&gt;

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<p>The RE market is only beginning its slide, real value will be had sometime next year. This is not my game so I have to leave it to those who are more knowledgeable.</p>

<p>I agree that Hillary’s trades are highly questionable, but it was not something that I could have benefited from. What Bernanke is doing or will be doing, however, is another story. We must keep political opinions far away from investing decisions.</p>

<p>US equity is getting interesting again, if it falls for another couple hundred points on the Dow. I am starting to get interested again.</p>

<p>Thank goodness I am not applying to college now. Adcoms will not see any “passion” from me, only clinical detachment. They will see it as bitterness or worse, cynicism.;)</p>