Monday, October 26, 2009

Alright it is behind us



There's at least another 50 years to go. Advice as to what to talk about will be appreciated.

13 comments:

wagga said...

Does this make my butt look big?

My first thought, anyway.

Lou Minatti said...

Rob,

Has AARP contacted you yet about membership?

Mr. Outspoken said...

Zerohedge is always showing a graph of the fed's balance sheet, and honestly I don't have a fucking clue. Can we have some discussion of what this means to me, and how exactly I am being screwed? That or you could throw up some varied ethnicities. It's the 21st century. Equal opportunity, man!

Property Flopper said...

OK - I'm confused... why are these guys getting prosecuted?

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/26/financial/f145705D39.DTL&tsp=1

Lou Minatti said...

Just deserts? I should feel ashamed. Fuck it.

getyourselfconnected said...

Waste of a perfectly good cake.

Rob Dawg said...

Waste of a perfectly good cake.

Oh ye of such little imagination.

Mr. Outspoken said...

It's just a little flattened! It's still good! It's still good!

Property Flopper said...
This comment has been removed by the author.
Property Flopper said...

> Waste of a perfectly good cake.

Not at all, would you call a picture of a fork with cake on it a waste? Same principal, just more fun to lick than a fork.

Or did you mean "Waist" of a perfectly good cake?

Property Flopper said...

By the way - Not usually a fan of the Govenator, but this is pretty darned good. He sent back a nice message when he vetoed a bill.

http://www.sfgate.com/cgi-bin/object/article?f=/c/a/2009/10/28/MNBN1ABKB8.DTL&o=0

Mr. Outspoken said...

So September new home sales came in below expectations for the first drop since March.

Wells Fargo sez: "We're attributing most of the decline to the potential expiration of the new home-buyer tax credit,"

WTF?!? So an incentive of $8,000 is going away and he thinks this makes people less likely to engage in the incentivized behavior? As I recall in the Cash for Clunkers fiasco, the automakers didn't announce disappointing sales due to the looming expiration of the trade in credit.

I can't believe my tax dollars are going to subsidize a wanker who would allow his name to be associated with such a "black-is-white" quote.

getyourselfconnected said...

Tax Credit = rebirth of subprime; no money down nothing to lose. At least subprime loans were at higher rates, now everyone gets a low FHA loan.

Unless mortgage rates stay low for the next 5-8 years (hello MBS purchase massive expansion) I would say at least 60% of these loans are defaulters (inability to refi, or move out later). Bond market cares not, why should we?

Re waste of cake:
You are begging for a case of pink eye there!