Wednesday, 16-07-08 12:53

Let the lenders take the properties back. Let the property loser take the loses on their taxes for the years allowed. Let the market take the true correction. Check out these Representatives that maybe using their positions to protect their personal interest or investments, which would be a violation of their office. Prosecute them to the full extent.

Tuesday, 15-07-08 20:09

It makes me sad, to see all these airlines suffering. Unprotected by high fuel prices, what can they do? I work for a company that manages and tracks frequent flier mile programs and I've been following the airline industry on savvywallet.com. One thing to consider are the millions of unredeemed miles. My advice? Spend them before the companies decide to ground all their planes and services.

Tuesday, 15-07-08 11:05

The Bobby Sturgell FAA: (A) continues to subject Americans to a steady stream of aircraft near-misses and near-disasters in epic numbers since Bobby Sturgell took over as Acting FAA Administrator almost a year ago; (B) tells us that it is OK for an agency and airlines working together to enlist publicists to tell Americans that air travel was never safer whilst planes are falling apart in un-inspected disrepair, aviation inspectors are criminally threatened by FAA management, and passengers are continually put in harm’s way; (C) is a revival of the Oberstar-decried, Schiavo-decried Tombstone Agency, the notion that ‘If the plane doesn't crash, we're doing great’; the notion that a federal agency is not required to anticipate and navigate around safety problems, but only react if there is a tombstone. The talent pool is deeper than this. There is more to leadership than wearing aviator glasses. We have an ugly aviation safety crisis on our hands. Let's wash our hands of it. Let’s wash our hands of Bobby Sturgell and his failed administration. The FAA’s cozy relationship with the airlines and the agency's abject failure to regulate must end NOW. We again ask all members of the United States Congress and American citizens to Just Say No to Bobby Sturgell.
Quiet Rockland
http://ejectsturgell.blogspot.com

Monday, 14-07-08 22:36

New York Times reported that hedge fund managers have a new champion in their effort to keep legally dodging the taxes the rest of us pay: none other than New York Senator Charles Schumer. Now you know who is Schumer's friend and why he caused the bank run on Indymac. He truly support hedge fund and private equity because they truly support him.

http://www.nytimes.com/2007/07/30/washington/30schumer.html?_r=1&oref=slogin

"Large Investor decided to pay a few bucks to a Senator in New York to force the issue."(Prospect Mortgage Backed By Sterling Fund--Private Equity Acquired The Mortgage Branches from Indymac before FDIC takeover)
http://www.housingwire.com/2008/07/03/regulators-to-schumer-weve-got-a-whole-bag-of-shhh-[..] do remember that there are many investment bankers located in New York, making them pretty influential constituents of Sen. Schumer."
http://www.pasadenastarnews.com/opinions/ci_9783402

"In a Sunday news conference, he said everything in his letter was already known to the public."
If it was already known to the public, what is the reason for his public letter? It is contradict to what he said previouly :"I just bring private message to the public. Do not kill the messanger." What a great liar from time to time!
http://www.cnn.com/2008/POLITICS/07/13/indymac.schumer/?iref=mpstoryview

Monday, 14-07-08 17:22

Now that IndyMac is the first of many banks to fail, I think we're going to see a lot more banks, not only close for the weekend, but close for good and go bankrupt. Rumors talk about 90+ banks, I think that's a little exaggerated, but very well possible. I would guesstimate around 30+ banks will close shop.

I'm an investor in the stock market and have started to build a position in Bank of America. One of the few 500 lb. gorillas left in the room. Every dip, I pick up more shares. I don't think there going anywhere, but you never know. Investments are all risky.

I never thought I would see this happen here in the USA, but here we are....let's all cross our fingers.

petes2cents.com