Your Historic Day
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URL: http://www.CorrectCraftFan.com/forum/forum_posts.asp?TID=12708
Printed Date: December-22-2024 at 4:54pm
Topic: Your Historic Day
Posted By: uk1979
Subject: Your Historic Day
Date Posted: January-20-2009 at 11:06am
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All the best from the UK on your day,he has a lot to do and only time will tell,the feeling we get its bringing people together for the good of the US so a great start, and with this hope the rest of the world will gain too. We had a second bailout yesterday for our banks one has posted a loss of around £20 billion a new record over here and the taxpayer is giving £600 billion or more to the banks,something has to change ------------- Lets have a go 56 Starflite 77 SN 78 SN 80 BFN |
Replies:
Posted By: Morfoot
Date Posted: January-20-2009 at 11:09am
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CHANGE is HERE!
Better hold on to your wallets boy's! ------------- "Morfoot; He can ski. He can wakeboard.He can cook chicken.He can create his own self-named beverage, & can also apparently fly. A man of many talents."72 Mustang "Kermit",88 SN Miss Scarlett, 99 SN "Sherman" |
Posted By: Rglover
Date Posted: January-20-2009 at 11:22am
and your guns! |
Morfoot wrote:Posted By: Morfoot
Date Posted: January-20-2009 at 2:26pm
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Upon this historic day in this wonderful country of ours;
I can't seem to get this thought out of my head but........................................................ Is Obama gonna score tonight??? ------------- "Morfoot; He can ski. He can wakeboard.He can cook chicken.He can create his own self-named beverage, & can also apparently fly. A man of many talents."72 Mustang "Kermit",88 SN Miss Scarlett, 99 SN "Sherman" |
Posted By: eric lavine
Date Posted: January-20-2009 at 4:32pm
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Ive been holding onto my wallet for 8 years,how could this guy screw it up any worse?
has anyone noticed that the last 8 were'nt so great, good times ahead, lol ------------- "the things you own will start to own you" |
Posted By: Riley
Date Posted: January-20-2009 at 4:50pm
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Eric, 2000 to 2006 were the best economic times in my life time. 07 & 08 have been similar to 94 to 98 which were terrible. ------------- |
Posted By: Kristof
Date Posted: January-20-2009 at 5:00pm
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UK, the feeling that reigns in your country is the same across the Canal...
No matter which way you look at it, it is a historic day. The average intelligent guy in me knows that he won't live up to all his promises, but I'll take a little part of them as a good thing... ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: 75 Tique
Date Posted: January-20-2009 at 5:01pm
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And Bruce, you being in the real estate field, perhaps you can confirm (or refute) my understanding that the severe downturn had it roots in the real estate lending arena due to zillions of sub prime loans that should never have been granted but were under pressure from liberal policies from liberal legislators like Dodd and Frank. Is there any truth to that? ------------- _____________ “So, how was your weekend?†“Well, let me see…sun burn, stiff neck, screwed up back, assorted aches and pains….yup, my weekend was great, thanks for asking.†|
Posted By: Riley
Date Posted: January-20-2009 at 6:32pm
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Larry, apparently the sub prime loans did start this mess. I did not believe that there were actually enough sub prime loans out there to cause the problems they were talking about and I thought the media was overstating it all.
I personally don't think sub prime loans is a libral versus conservative thing. They were a product that someone came up with which made tons of money. The fees, terms, interest rates that they charged was akin to loan sharking so that everyone from the loan originator to the investors were making money hand over fist, (well not the final investor, he got stuck). I never had a regular appraisal client that I know of that did sub prime loans, but you could always tell a sub prime lender that you never heard of that called for an appraisal. If a regular borrower borrows a $100k, the mortgage company makes a couple grand. With subprimes they were making 10k or even more. They had the borrowers over a barrel so they would sign anything. They were making so much money on each loan that they were highly motivated to see that every loan went through. I did do review appraisals for 2 big sub prime lenders that went under and they seemed cautious to me. ------------- |
Posted By: 86BFN
Date Posted: January-20-2009 at 6:56pm
and your SUV's ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: eric lavine
Date Posted: January-20-2009 at 8:17pm
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Riley thats cause they were writing all them good loans and kept the appraisors busy, good times for the brokers.
one from the memory on an Ameriquest was the people of certain ethnic background, they made 45k and were approved for 350k house, thats one i remember, and there were a ton more in the stacks of approved loans that the wife brought home, ------------- "the things you own will start to own you" |
Posted By: Tate
Date Posted: January-20-2009 at 8:21pm
------------- Tate |
Posted By: Waterdog
Date Posted: January-20-2009 at 9:45pm
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Obama; I wish him the best IF we get out of this mess he's the man, if not - Look at history free countries last 200 years or so on average. We have had a good run.
Sub-prime = preditory banking. Spin it, shake it, turn it up-sidedown. NONE of this would have happend if the lender was required to hold the morgage for 5 years. AND don't get me started on Visa/Master card. CRAP - I sound like Eric, hell that's not so bad! ------------- - waterdog - http://www.correctcraftfan.com/diaries/details.asp?ID=3896&sort=&pagenum=2&yrstart=1978&yrend=1978" rel="nofollow - 78 Ski Tique |
Posted By: Riley
Date Posted: January-20-2009 at 10:24pm
That's it in anut shell, they were lending other people's money. Until recently, we always had a target to hit and if we didn;t hit it, there was disbelief, "how can this be?". But for home equities, (their money). Never a target or a question. ------------- |
Posted By: Gary S
Date Posted: January-20-2009 at 10:45pm
For our family,these years were the worst,after the dot com collapse,my wife's company was done,she was able to retire and get her pension,but can't come close to the money she made. ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1711&sort=&pagenum=1&yrstart=1966&yrend=1970" rel="nofollow - 69 Mustang HM SS 95 Nautique Super Sport |
Posted By: eric lavine
Date Posted: January-20-2009 at 10:46pm
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Im sitting here talking to my wife and trying to remember some of the other crazy crap they were doing, some people had 4 Mortagages on thier houses, everyone had thier hands out, the interest rates were unbelievable. if I remember correctly the title company she was working for had about 350 employees, they threw big parties at 5 star hotels and to the likes..then all of a sudden they started laying off in a hurry and my wife got laid off and went over to the law firm down the street that handled foreclosures and that started to boom....what a cycle ------------- "the things you own will start to own you" |
Posted By: eric lavine
Date Posted: January-20-2009 at 11:04pm
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I bet by the time this is done and said, the price tag will be in the trillions, those 5 year arms havnt kicked in yet, the housing market is flooded along with the auto market and they are NOT writing loans, my friend is 4 months behind on his car payment and he said come get the car, they told him we arent in the used car business, can you maybe make a 200 payment? the banks are overwhelmed with foreclosures from the west to the east and its starting to de-value the dollar and throw you into negative equity, your better off renting
the flood of unemployed will start flowing into the system draining thier life savings, exhausting thier unemployment benefits, use to making 80k a year with no education, and will flow out into the work pool, opening landscape companies, remodeling companies, boat repair companies which now there is more competiton driving the prices down even further I could go on and on, if you want to use the light at the end of the tunnel as an example......im not even going to go there, because we are at the bottem of Mount Everest looking up. I hate to be so negative, its hard not to be ------------- "the things you own will start to own you" |
Posted By: 86BFN
Date Posted: January-21-2009 at 10:00am
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Here's some interesting historic facts:
http://www.youtube.com/watch?v=_MGT_cSi7Rs - Hearing to Investigate Fannie and Freddi's Illegal book keeping practices from late 2004 I believe 8:37 well spent.  ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: eric lavine
Date Posted: January-21-2009 at 10:16am
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another great day at the stock market ------------- "the things you own will start to own you" |
Posted By: uk1979
Date Posted: January-21-2009 at 10:38am
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The bank that has the £20 billion loss £7 billion on sub prime and £400 million with Madeoff (great name) some guys have made allot of money out of this mess,for us to pick up the bill.
Still have five more big banks to come clean on there loss yet. ------------- Lets have a go 56 Starflite 77 SN 78 SN 80 BFN |
Posted By: Kristof
Date Posted: January-21-2009 at 12:20pm
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Government here decided to inject more money for the banks in trouble.
Budget for 2009 is already predicted with a deficit of 3% for 2009 and even 4,3% in 2010... I'm just wondering where they're gonna get all that money... (Out of our pockets of course!) ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: eric lavine
Date Posted: January-21-2009 at 12:20pm
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The IRS attacks me for meager pennies, alot of these guy's are still walking around as if nothing happened. it kills me that they can moniter me with a microscope but cant keep an eye on what happened, they all had thier hands out covering eachothers asses. are these guy's exempt from personal audits? unless its cash, its traceable ------------- "the things you own will start to own you" |
Posted By: h20loo
Date Posted: January-21-2009 at 12:26pm
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Eric- do you or your brother attend the car auctions like Grove City. What's happening there? ------------- 70 Mustang project |
Posted By: 75 Tique
Date Posted: January-21-2009 at 12:47pm
That's only as long as they can get blood out of that stone. Then (at least over here) they'll start printing more That's just fine until it leads to a loaf of bread costing about $95. (do you realize that they are projecting a $TRILLION deficit here this year!!! I remember when it was a big deal that the annual national budget exceeded $1/2 trillion, now just the deficit is twice that!!!) The inmates are running the asylum. There are 2 TV shows over here on the "house and garden network" about buying real estate. One is US homes, the other is "international" homes and they focus on the islands and latin america. The more I watch the international one, the better places like aruba and costa rica look. I could run the water ski concession at a resort like KO does. Anyone see the downside to that plan? ------------- _____________ “So, how was your weekend?†“Well, let me see…sun burn, stiff neck, screwed up back, assorted aches and pains….yup, my weekend was great, thanks for asking.†|
Posted By: eric lavine
Date Posted: January-21-2009 at 1:03pm
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I'll hit Adessa and Akron, you can buy cars cheap, the only problem is re-sale, the banks have locked thier doors and are not giving money, only high risk companies are loaning money. its up in the 24 percent range....thats what got this sht started....
car lots will run 20 credit apps. and will be lucky if 2 are good alot of foriegners are buying and shipping abroad till lately. I just gave a Camry away for 2500.00, it booked at 4800.00 it was a tough sell at 2500.00 ------------- "the things you own will start to own you" |
Posted By: Riley
Date Posted: January-21-2009 at 1:05pm
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I just did an appraisal for a guy that was pulling equity out of his house to by a house in Panama. He said it is a wonderful place. Cheap real estate and the people love Americans. I'm not worldly, I'm leary about leaving Maine, let alone going to Panama. ------------- |
Posted By: eric lavine
Date Posted: January-21-2009 at 1:25pm
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someone talked him into the deal of a lifetime, I spent some time down in Panama and was strictly told not to stray away from the hotel, because of the roundness of my eyes, dam, racism again ------------- "the things you own will start to own you" |
Posted By: Kristof
Date Posted: January-21-2009 at 6:43pm
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Still, it was heart warming to see all those people united on the Mall... At least you are the UNITED States, that's a h*ll of a lot more than I can say for my country these days.
Now, after the euforia comes the real work for "the man"... ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: eric lavine
Date Posted: January-21-2009 at 7:15pm
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Obama's at it already with salary freezes and the lobbyists....good times ahead, I have a feeling he is pissed off too,
i didnt catch the reasoning on why Israel pulled out of the Gaza strip on the eve of the Inaugaration ------------- "the things you own will start to own you" |
Posted By: Kristof
Date Posted: January-21-2009 at 7:28pm
Yeah Eric, they lost me there too... Israeli's little scared of the big black man...? ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: WakeSlayer
Date Posted: January-21-2009 at 9:07pm
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Same reason Iran let the hostages go the day Reagan got elected.
I do believe we are headed for better times, but, like Obama says, we all have to do it together. We are all going to pay a price for the sins of the past few years. We will come out of this and be a better country for it. ------------- Mike N 1968 Mustang |
Posted By: eric lavine
Date Posted: January-21-2009 at 9:25pm
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you know when you look at a man, and he says what he means and he means what he says, all the BS aside, thats how i look at Obama, the media trys to put a spin on it with the black this the black that....I dont think he thinks that way, I think in his mind he is a patriot and he wants to get things straightened out, he wants to change the system and i really dont think he is approachable and willing to "sway" for the betterment of the powers to be. i think he is looking out for the interests of me and you...the common man ------------- "the things you own will start to own you" |
Posted By: sanity
Date Posted: January-21-2009 at 9:51pm
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ACORN
------------- |
Posted By: eric lavine
Date Posted: January-21-2009 at 10:08pm
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and woman ------------- "the things you own will start to own you" |
Posted By: 86BFN
Date Posted: January-22-2009 at 12:24am
Don't get me started Chelle------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: Kristof
Date Posted: January-22-2009 at 6:14am
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ACORN...? Would someone be so kind as to educate me on that one? ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: eric lavine
Date Posted: January-22-2009 at 10:07am
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me too. walking the line..everyone is usually afraid too ------------- "the things you own will start to own you" |
Posted By: Waterdog
Date Posted: January-22-2009 at 10:56am
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ACORN ; the short answer is the group that registered the dallas coyboys to vote,I think it was in Ca. One guy voted 70ish times for guess who? Also pressured banks into Hi risk home loads. ------------- - waterdog - http://www.correctcraftfan.com/diaries/details.asp?ID=3896&sort=&pagenum=2&yrstart=1978&yrend=1978" rel="nofollow - 78 Ski Tique |
Posted By: Riley
Date Posted: January-22-2009 at 11:07am
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There's an unbelievable amount of people that seem just orgasmic over Obama. I think a lot of them are people that were emotionally devastated during the last 2 elections and now finally, their guy has gotten in. The Dems whould have had a big celebration no matter which of their contenders won.
In 2000, I worked for a guy, a typical Portland ME libral, that was so devastated after the election went to Bush, that he had dark circles under his eyes and looked depressed for months. He swore he would never vote again, (I won a 30 pak of Bud from him over that one  ). He thinks the world has now been saved.------------- |
Posted By: eric lavine
Date Posted: January-22-2009 at 11:58am
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really sit and think about guy's could we of went another 4 with the current ex administration. its time to clean house...dem or rep...something had to give
to many deals and handshakes and business as usual, Putin hates Mccain a matter of fact the Russian people hated Mccain. and we sure the *************** dont want to poke at that beehive I had a hard time making the choice....i voted for the lesser of 2 evil's, just my take, the rich got way richer in the last 8, only thing is they got caught and tax dollars are paying for it ------------- "the things you own will start to own you" |
Posted By: sanity
Date Posted: January-22-2009 at 6:21pm
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what's done is done........
Obama is a great spokesman...I'll give him that. Time will tell and I know we all agree on one thing; we all hope for the best. ------------- |
Posted By: sanity
Date Posted: January-22-2009 at 6:25pm
Amazing what one small word can mean...LOL
------------- |
Posted By: 75 Tique
Date Posted: January-22-2009 at 6:37pm
Can never be figured out, but how much of the problem can be attributed to: 1. Free market economy going to crap 2. Executive branch - i.e. Mr Bush (R) 3. Legislative branch - i.e Congress (D-for last two years...just a coincidence??) I'd like to see that "house" cleaned out too. Congress has an approval rating in the teens, much lower than W, yet the same knotheads keep getting reelected. Get what we deserve. ------------- _____________ “So, how was your weekend?†“Well, let me see…sun burn, stiff neck, screwed up back, assorted aches and pains….yup, my weekend was great, thanks for asking.†|
Posted By: 62 wood
Date Posted: January-22-2009 at 6:57pm
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I didnt vote for the new Prez....my 32 year old saleman did, based on "Im tired of old white guys running the country".
Me being from the "great" state of Illinos was VERY concerned about his relationship with our dipsh!t gov.Blogo. Obama has wisely distanced himself from that jerk. As of now..my thoughts are neutral to just a little positive. Hey, if everybodys excited about him, and it gets the economy moving.. Im All for it! BTW, I think Im going to ask for my own bailout... if Larry Flint and Joe Francis can ask , why not me!? ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1117&sort=&pagenum=6" rel="nofollow - 64 American Skier 62 Classic.. 73 Ski Nautique |
Posted By: peter1234
Date Posted: January-22-2009 at 10:19pm
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my only worry is the gun control freaks , I bet if I could get obama into a sand pit with some clays for shotgunning and some cans for the a/r to shoot up he would realise that they dont kill people and they are fun to plink ------------- former skylark owner now a formula but I cant let this place go |
Posted By: eric lavine
Date Posted: January-23-2009 at 9:09am
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gun control is like abortion, there will always be guns and there will always be abortion....they keep bouncing both issues. Pete bring a mac 10 and he'll be your best friend, bring alot of cans too lol ------------- "the things you own will start to own you" |
Posted By: eric lavine
Date Posted: January-23-2009 at 9:43am
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62 I can see right through Blogo, i dont think that was his first time and would imagine all of his cronies had the state in thier palms too. its hard to pick up that type of practice with Obama, I dont see him as wanting to become a rich man, I really think he wants to go down in History as what he preaches...change, and in the 4 frickin short days, he is doing what he says. once again time will tell. this guy is intelligent you cant dispute that.
Ive been around people with big big money, they treated me differently, thier thoughts are different than mine and yours...being rich isnt enough for them, thats how i think the last 8 years were run, more as a business than a government...its suppose to be for the people, by the people ------------- "the things you own will start to own you" |
Posted By: Kristof
Date Posted: January-23-2009 at 8:01pm
Let those people just read my signature line...  ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: Riley
Date Posted: January-23-2009 at 8:31pm
Eric, put the cool aid down. He already is a rich man, and he went to Harvard. How many people in your family have gone to Harvard? He's hardly a man of the people. He's likeable and strikes me as honest. I hope he is a good leader. I heard today that all the Guatonomo prisoners are going to be housed in Mendina. ------------- |
Posted By: h20loo
Date Posted: January-23-2009 at 8:38pm
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Canada has a great gun control program. We pay millions to have our hunting rifles registered and this is suppose to keep us safe and secure! The trouble is that all the fatal shootings are from unregistered guns. We have put ourselves in a situation where no lawabiding citizens have easy or quick access to guns but the criminal element does. Now they know that when they pull a gun that they definitely have the upper hand. I see the US following the same road. ------------- 70 Mustang project |
Posted By: 86BFN
Date Posted: January-23-2009 at 8:42pm
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I do not believe any of these bums in Washington, let alone trust them.
As far as I am concerned, the less government I have in my life the better! I think with this latest person you are going to see government grow and grow and grow. And were all going to pay and pay and pay. Sometimes I think we would be better off with the government doing nothing that way they do not screw it up. I not to encouraged that the people that created the problem in the first place are capable of fixing it!
http://www.youtube.com/watch?v=_MGT_cSi7Rs - Banking Hearing Go Steeler's!  ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: Riley
Date Posted: January-23-2009 at 8:46pm
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I'm not getting crazy over gun control. Gun laws are looser now than they were 20, 30, 40 years ago. They may chip away at some gun rights, but they are'nt going to do anything rash or the American public will pound them. The Dems wouldn't even talk about it during the last 2 elections because they knew they would lose votes. ------------- |
Posted By: BuffaloBFN
Date Posted: January-23-2009 at 8:51pm
Did you see him ride Silver to the press conference this afternoon?!!? His are either the biggest or smallest in history! ------------- http://correctcraftfan.com/diaries/details.asp?ID=2331&sort=&pagenum=12&yrstart=1986&yrend=1990" rel="nofollow - 1988 BFN-sold "It's a Livin' Thing...What a Terrible Thing to Lose" ELO |
Posted By: eric lavine
Date Posted: January-23-2009 at 10:54pm
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I cant think of anything the guy could do wrong to screw up the country anymore than it is, I watch how you guy's talk skeptically about him, you wont pick a side yet, your waiting for one of two things, either for him to screw up so you can say i told you so or , your secretly sitting back and thinking take this country by the balls and get it back on track, because you think secretly deep down he is capable of doing it and Riley, with a laugh, Reagan cut out free schooling in 1980 for fatherless kids such as myself....so a different road i took, not harvard material but surely the local community college material lol ------------- "the things you own will start to own you" |
Posted By: critter
Date Posted: January-23-2009 at 11:17pm
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Trillion dollar deficit, Bank Bailouts, Auto Bailouts, Trillion dollar Stimulas Package, State Bailouts, Credit Card Bailouts, Forclosure Bailouts, closing Gitmo with no idea where to put them..
When do we actually stop throwing money away that we do not have and making decisions with no real solution. When does the government start tightening its belt like I have. Good idea to freeze salaries over $100,000 for White House staff... that just got hired... duhh. Are we saying that we are on the right track now ?? I am not convinced... ------------- 1980 Ski Nautique 1966 Barracuda |
Posted By: eric lavine
Date Posted: January-24-2009 at 9:17am
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lets talk about the last 8, how are you better off now than you were 8 years ago,
how is the country better now than it was 8 years ago...the rich got filthy rich, the middle class got poorer, the Poor? still living off the system. my house is now worth what i paid for it 12 years ago, my healthcare fck, i dont even want to talk about that, drugs.....more on the streets than there ever was, only to put more AK's in the hands of the towels, I'll keep going after i wipe my tears.... the CEO's that took the money and ran, are the same type of people that ran this country the last 8, thats a bold statement, and it is also disputable ------------- "the things you own will start to own you" |
Posted By: uk1979
Date Posted: January-24-2009 at 10:30am
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Kris sorry to here the news from your neck of the woods, mad people are the problem not weapons.
------------- Lets have a go 56 Starflite 77 SN 78 SN 80 BFN |
Posted By: eric lavine
Date Posted: January-24-2009 at 10:33am
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UK, what happened? ------------- "the things you own will start to own you" |
Posted By: uk1979
Date Posted: January-24-2009 at 10:46am
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Eric all I know a kid walked into a nursery killed 2 babies and a teacher with a knife and stabbed others a real mess over there, Kris will know the full story.
------------- Lets have a go 56 Starflite 77 SN 78 SN 80 BFN |
Posted By: 62 wood
Date Posted: January-24-2009 at 11:23am
Eric, I dont know how you can pick a side with almost ANY politician today.. I think we're tired of empty promises. Unforunately, like it was stated before, a lot of us vote for what we feel is the lesser of two evils.....Pretty sad. Fact is whoever got in has a long hard road ahead. Damn.... now if we coulda got that Sarah chick... you know...good looking, guns, snowmobiles, hunting, fishing .... life would have been good! ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1117&sort=&pagenum=6" rel="nofollow - 64 American Skier 62 Classic.. 73 Ski Nautique |
Posted By: eric lavine
Date Posted: January-24-2009 at 11:33am
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she also thought Africa was a country too..
towards November the choice got easier and easier, ------------- "the things you own will start to own you" |
Posted By: Riley
Date Posted: January-24-2009 at 11:49am
You really believe that Eric? I'd say the libs went for her throat. She's the kind of woman they hate, good looking, successful, anti abortion, pro gun, pro hunting, conservative. I hope Obama can come through with all his promises. What he's doing with his stimulous plan is akin to dumping a lot of ether down the the carb. The engine's either going to fire up or blow up. I don't think I've ever voted for a candidate that was anything but the lesser of 2 evils. What program were you talking about that Reagan took away for free college for fatherless kids? I got out of schools in 75 and there wasn't any program like that, other than a meager SSI benifit that about paid for my monthly supply of milk and chicken pot pies. ------------- |
Posted By: peter1234
Date Posted: January-24-2009 at 12:27pm
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Eric I really enjoy your comments , they may drift toward political incorrectness but we need a bit of that in this world so people dont have to misread between the lines .
you may or may not have been harvard material but you (not to blow sunshine up your*** )are very well versed .. I think you might have missed your calling and should pursue a talk radio show I bet it would be a riot. Peter ------------- former skylark owner now a formula but I cant let this place go |
Posted By: eric lavine
Date Posted: January-24-2009 at 12:30pm
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how can you blow something up that is already blown up?
Obama didnt create the mess were in, I saw some of the stimulus this morning, part of it was 600 million for government cars, people think they dont need new cars, but... lets spend 10 billion a month, in Iraq, lets search for a half dead man in Afghanistan, that 600 million is 1/10th of whats spent every month on the war. it keeps money inside the walls of this country... the Gitmo, thing is already getting blown out of hand, what do we do with them? put them in general population of our federal prisons and justice will prevail. Bush blew it for the party, plain and simple and people are tired of it, its not Obama this Obama that, he is there because of that reason. jmo,with a laugh ------------- "the things you own will start to own you" |
Posted By: h20loo
Date Posted: January-24-2009 at 12:47pm
Eric "how can you blow something up that is already blown up?" Anal problems Eric or am I out of context??? LOL ------------- 70 Mustang project |
Posted By: Riley
Date Posted: January-24-2009 at 12:47pm
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Eric, the general prison population will either kill them or join them, not good either way.
I like Obama, he's cool. I hope he can get his party under control. Peter, I'm working. Give me a call. 207-842-9030. ------------- |
Posted By: BuffaloBFN
Date Posted: January-24-2009 at 12:48pm
I think she's smarter than the average bear. There was a very revealing exit poll done on BO supporters...most believed the SNL routines as real and thought the Repubs controlled congress, and that BO made an excellent choice in Sarah as a VP, and had no idea who Nancy or Harry are, and that they supported his committment to stay in Iraq untill the job was finished...on down the line. ------------- http://correctcraftfan.com/diaries/details.asp?ID=2331&sort=&pagenum=12&yrstart=1986&yrend=1990" rel="nofollow - 1988 BFN-sold "It's a Livin' Thing...What a Terrible Thing to Lose" ELO |
Posted By: eric lavine
Date Posted: January-24-2009 at 12:52pm
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Peter, i think its from my natural father RIP, he wrote for the "stars and Stripes" and died young. I just put something out there, we are a society that wont bother until it affects us personally and lately I'm affected...thanks, i dont know how i wound up doing what i do (job wise) ------------- "the things you own will start to own you" |
Posted By: Kristof
Date Posted: January-24-2009 at 8:13pm
Indeed, that's what happened. They only aprehended the guy a few hours later, and in his pocket, they found a list of fifty more targets in three other daycare centers in the neighborhood. When it happened, they interrupted all programs on the radio and TV to broadcast a special report. A colleague of mine had his kids in one of those daycares. As we where hearing the news on the radio, he jumped off his desk an got in his car and immediatly drove off... Hope to hear good news from him when he gets back on monday! ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: critter
Date Posted: January-24-2009 at 9:34pm
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Kristof, we will keep you and your friends in our thoughts and prayers. ------------- 1980 Ski Nautique 1966 Barracuda |
Posted By: critter
Date Posted: January-24-2009 at 9:50pm
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Eric, I am not a Republican or Democrat. I am a Citizen. I work and live from day to day no matter what animal is in office.
The economy is not like hitting your thumb with a hammer and feeling the pain. From what I understand, this issue may have started more than 8 years ago. Some track it back to Clinton signing the Sub-Prime lending act that ACORN supported and pushed forward. Mr Obama was a lawyer for ACORN. If this is true, I do not fault Mr Obama. He was supporting what he believed in and supported. Why you would ever include funds like child support, allomony, and unemployment as Income for calculating a possible loan is beyond me. This is what the sub-prime lending act did. Folks purchased homes that could not afford them. But back to a fix for what has happened, I do not about others but I have tried to avoid pumping my hard earned money into failed businesses. If the gas station owner down the street came to you and said "if you do not give me money I will have to file for bankruptcy ?? How about the Baker or Barber ? How much would you give him/her ?? I must confess that I would turn them away. The government does not let me spend money that I do not have so why should they do it themselves so freely ? It is real money. It is time to let businesses stand or fail on their own merits. ------------- 1980 Ski Nautique 1966 Barracuda |
Posted By: Riley
Date Posted: January-24-2009 at 10:33pm
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There was actually something called the SubPrime Lending Act? Sub Prime is a term I first heard in the early 2000s. But, back in the 90's I always heard it referred to as C paper. Lenders would say they specialized in B & C paper. ------------- |
Posted By: critter
Date Posted: January-24-2009 at 11:34pm
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I guess I really do not know what it was actually called but there is a lot out there about it..
http://hotair.com/archives/2008/10/10/video-subprime-loans-affirmative-action-andrew-cuomo/ - 1998 I think you are correct about it being called the CRA.. http://en.wikipedia.org/wiki/Community_Reinvestment_Act - CRA It should have been stopped by the Bush admin but the Banks were making too much money from the fees. It was just a matter of time before the house of cards came down. Took about 8 years. ------------- 1980 Ski Nautique 1966 Barracuda |
Posted By: 86BFN
Date Posted: January-25-2009 at 12:54am
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Leave it to the government to meddle in private businesses and screw it up.
Now they want to run the banks, the auto companies, health care ect. ect. They cannot even run the government efficiently. Yes, my friends, were in deep sh*t! ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: 86BFN
Date Posted: January-25-2009 at 12:56am
On the bright side Oprah's Happy!
 ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: Riley
Date Posted: January-25-2009 at 12:13pm
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They way I see it, the government is not responsible, whether it be Clinton in the 90's or Bush in the 2000's, Dems or Reps. The banks and Wall Street are resonsible. They're the ones that provided and loaned the money. Sub Primes were attractive, like you said because of the fees. The returns were so much greater than on regular mortgages.
I hope these bail outs are loans and not free money. I will say that when it comes to regulation involving appraisals, the Dems are typically the ones that sponsor or have anything to do with the legislation. Back in the 1990's during the last bail out, FIRREA was invented which involved regulation of banks and licensing regulation of appraisers. It was pretty strict, but got really watered down during the 2000s. Not for the appraisers, just for the banks, so they didn't have to use appraisers at all. The Republicans were saying back in the 1990s that FIRREA was an accronym for "Finally I am a Rich Real Estate Appraiser". ------------- |
Posted By: eric lavine
Date Posted: January-25-2009 at 1:13pm
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GD you guy's, when i got my home loan i crunched the numbers and knew what i could afford and couldnt afford, i demanded a fixed rate loan cause i dont know what i would be doing in 5 years, i was hoping my house would appreciate.....everybody blames the government or the banks or this or that
my frieng got an arm his payments were 800 and shot up to 2200.00...I asked him in derogatory way and my exact words were.....Are you a fcin idiot...he lost the home predatory lending, I know if i owned a bank and these applications came across my desk and all applications get approval from the bank manager. i would deny them, thats why i think it goes much higher than the local bank level...it didnt just surprisingly happen, I think some group made this happen, way above the government level and the end results were known.....banks just dont give money away ------------- "the things you own will start to own you" |
Posted By: eric lavine
Date Posted: January-25-2009 at 1:15pm
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btw 86, she reminds me of the blueberry girl on Willy Wonka, with a tear...sniffle,i fight with my weight problem....girlfriend, lay off the twinkies ------------- "the things you own will start to own you" |
Posted By: 86BFN
Date Posted: January-25-2009 at 1:49pm
LMAO!
Eric I agree that alot of irresponsible people have contributed to the problem. Everyone being able to own a house might not have been such a good idea after all. It's all about buying votes and getting re-elected in my opinion. ------------- 👣 Steve http://www.correctcraftfan.com/diaries/details.asp?ID=4057&sort=&pagenum=1&yrstart=1986&yrend=1986" rel="nofollow - 86 Barefoot Nautique 89 Martinique Former Owner: 93 Hydrodyne 350 MAG |
Posted By: BuffaloBFN
Date Posted: January-25-2009 at 1:56pm
Ding, Ding, Ding...we have a winner! ------------- http://correctcraftfan.com/diaries/details.asp?ID=2331&sort=&pagenum=12&yrstart=1986&yrend=1990" rel="nofollow - 1988 BFN-sold "It's a Livin' Thing...What a Terrible Thing to Lose" ELO |
Posted By: Riley
Date Posted: January-25-2009 at 2:52pm
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Eric, to go from $800 to $2,200 is a huge jump in interest rate. Either your friend was sub prime or completely numb and didn't read or understand the docs and got ripped off by a crook. No doubt a lot of it was preditory lending and they preyed on those that were desperate and willing to sign anything.
I was a landlord for 19 years and always had ARMs. That's all I could get for investor owned properties. Over the years they saved me more than they cost me. And in an economic downturn they would usually go lower rather than higher. They were 3-3.5 over the 10 year T Bill and set yearly. Right now they would re set at 5.5% to 6%. Not bad for an investor owned multi family. ARMs aren't all bad. ------------- |
Posted By: 65 'cuda
Date Posted: January-25-2009 at 3:04pm
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Eric, the banks had no dis-incentive to deny any of the loans. The originator, whether it be a broker or a mortgage bank took NONE of the risk. The people making the lending decision knew the loans would get sold to to a clearing house mortgage company and then to wall street.
If your job was to lend other peoples money and collect your fee and commission's, you would do just that. If your job was to lend your money out, you'd pay attention. The guys at the clearing houses and wall street also took none of the risks. Do you think that they understood the paper they were selling was suspect? Of course they did. The money was in the fees and commissions. The investors in the securtized mortgage paper wound up with all the risk. Who was taking on that risk? The insurance companies (AIG) the investment banks (bear sterns, etc.). Do you think the guys buying the paper understood that it was suspect? Of course they did. In an effort to chase returns (their bonuses and stock options were based on this) they were willing to take the risks with other peoples money (the shareholders, policy holders, the pension funds, etc.) They took none of the risks, and got all of the rewards. Every one is talking about the billions and billions being lost on this, no one is talking about the billions and billions that were made. Most of the money made was never transferred to the balance sheet it was paid out to management as compensation bonuses and expensed by the company. This transfer of wealth has been going on for a decade, yet when it all falls apart, W and his wall street buddy paulsin hand a trillion dollars to the same people who already made the money once. Look at equity values (stocks)over the last decade, even if you take out the last 5 months, its easy to see the game on wall street was not to invest clients money in growth, it was to chase returns and collect the fees. The retirement industry (401k's, etc) has been like a great big fire hose pouring money at wall street, every month the 401k's contribute hundreds of millions of dollars to equities. Look total market capitalization a decade ago and compare it to today. In the mean time, trillions of dollars have gone into capital markets, where did all those hard dollars go? Paper losses? I don't think so. It went to the brokers,investment bankers, traders etc. the same guys we're bailing out now. BS Rant over. ------------- Gary http://www.correctcraftfan.com/diaries/details.asp?ID=941" rel="nofollow - 1965 Barracuda SS |
Posted By: uk1979
Date Posted: January-25-2009 at 3:21pm
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65 That is how I see it with our Banks and all the rest over here.the Bankers can not lose here no bank can fail,so its bailout time for the Taxpayer.
The £ is down the pan and the word is the Euro is next. ------------- Lets have a go 56 Starflite 77 SN 78 SN 80 BFN |