On Mar 15, 9:56*am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying for it.

How is this different from Reagan, Bush (41 and 43)?

Come on Professor DaviD! We await you answer with bated breath!! WE
AWAIT YOUR ENLIGHTENED WISDOM!!!

Telamon wrote:

In article
,
wrote:

On Mar 15, 9:56 am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying for it.

How is this different from Reagan, Bush (41 and 43)?

Why don't YOU explain it to us with your infinite reservoir of
omnipotent Liberal Fascist wisdom and knowledge and all.
[We wait with bated breath.]

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.

Instead of being a conservative president and preventing the over
heating of the housing markets with what amounts to unsecured debt the
whole industry was screwed. Today¹s economic conditions were just a
matter of time before this house of cards folded.

You understand that once these poorly at best secured real estate debt
was created it had to be repackaged as something else so it could be
sold and resold like most credit contracts in the credit market. These
created and inflated for crap government unsecured real estate debt
became the toxic derivatives.

People in the credit industry were very creative packaging together good
secured loans with the heavily leveraged ones to spread the risk. The
market went down and the leveraged loans started failing, which in the
process now ruined many good loans starting a snowball down hill turning
into an avalanche. Most of the debt was frozen in place because it was
now un-sellable.

The right answer is to wait this out. People that own the contracts will
have to wait for them to play out. Some will win with reasonable
returns, some will lose, and some will break even. The worst thing one
could do is bail anyone out of this situation they got themselves into,
which is what we are doing.

This problem which has added itself to the recession would play out in a
couple of years, which would be tough but not bad but now we have Bush
followed by the obomination making a recession into a depression.

Bush allowed this to happen and the Dem's in Congress created the
problem so who are you going to call to solve the problem? The
obomination? You think he knows what to do with it? Nope.

The obomination is in the process of making things worse. We are screwed.

I don't know how old you are, but myself, I'm happy to be retired.

The folks I currently feel sorry for are those who saved our butts during WWII
and are leaving us in ever increasing numbers.

Imagine looking at the current debacle, and wondering if it was all worth it?

We let them down.

In article ,
dxAce wrote:

Telamon wrote:

In article
,
wrote:

On Mar 15, 9:56 am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying for it.

How is this different from Reagan, Bush (41 and 43)?

Why don't YOU explain it to us with your infinite reservoir of
omnipotent Liberal Fascist wisdom and knowledge and all.
[We wait with bated breath.]

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.

Instead of being a conservative president and preventing the over
heating of the housing markets with what amounts to unsecured debt the
whole industry was screwed. Today¹s economic conditions were just a
matter of time before this house of cards folded.

You understand that once these poorly at best secured real estate debt
was created it had to be repackaged as something else so it could be
sold and resold like most credit contracts in the credit market. These
created and inflated for crap government unsecured real estate debt
became the toxic derivatives.

People in the credit industry were very creative packaging together good
secured loans with the heavily leveraged ones to spread the risk. The
market went down and the leveraged loans started failing, which in the
process now ruined many good loans starting a snowball down hill turning
into an avalanche. Most of the debt was frozen in place because it was
now un-sellable.

The right answer is to wait this out. People that own the contracts will
have to wait for them to play out. Some will win with reasonable
returns, some will lose, and some will break even. The worst thing one
could do is bail anyone out of this situation they got themselves into,
which is what we are doing.

This problem which has added itself to the recession would play out in a
couple of years, which would be tough but not bad but now we have Bush
followed by the obomination making a recession into a depression.

Bush allowed this to happen and the Dem's in Congress created the
problem so who are you going to call to solve the problem? The
obomination? You think he knows what to do with it? Nope.

The obomination is in the process of making things worse. We are screwed.

I don't know how old you are, but myself, I'm happy to be retired.

The folks I currently feel sorry for are those who saved our butts during WWII
and are leaving us in ever increasing numbers.

Imagine looking at the current debacle, and wondering if it was all worth it?

We let them down.

I'm still working and wondering just how much money I need to amass so I
can retire one day. It's not looking good.

--
Telamon
Ventura, California

In article 49bd706b.3303953@chupacabra,
Bob Dobbs wrote:

Telamon wrote:
Bush allowed this to happen

Yes he did!

Bush sat there with a veto pen in his hand and a **** eating smirk on
his face doing nothing, yet folks still try to blame the other party?

It's no wonder the backlash worked for Barama.

I'm not trying, I'm doing it.

It is the Dem's agenda to implement this kind of socialist law and if a
republican president goes along with it we might as well have the
obomination as dictator over us.

--
Telamon
Ventura, California

Telamon wrote:

In article ,
dxAce wrote:

Telamon wrote:

In article
,
wrote:

On Mar 15, 9:56 am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying for it.

How is this different from Reagan, Bush (41 and 43)?

Why don't YOU explain it to us with your infinite reservoir of
omnipotent Liberal Fascist wisdom and knowledge and all.
[We wait with bated breath.]

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.

Instead of being a conservative president and preventing the over
heating of the housing markets with what amounts to unsecured debt the
whole industry was screwed. Today¹s economic conditions were just a
matter of time before this house of cards folded.

You understand that once these poorly at best secured real estate debt
was created it had to be repackaged as something else so it could be
sold and resold like most credit contracts in the credit market. These
created and inflated for crap government unsecured real estate debt
became the toxic derivatives.

People in the credit industry were very creative packaging together good
secured loans with the heavily leveraged ones to spread the risk. The
market went down and the leveraged loans started failing, which in the
process now ruined many good loans starting a snowball down hill turning
into an avalanche. Most of the debt was frozen in place because it was
now un-sellable.

The right answer is to wait this out. People that own the contracts will
have to wait for them to play out. Some will win with reasonable
returns, some will lose, and some will break even. The worst thing one
could do is bail anyone out of this situation they got themselves into,
which is what we are doing.

This problem which has added itself to the recession would play out in a
couple of years, which would be tough but not bad but now we have Bush
followed by the obomination making a recession into a depression.

Bush allowed this to happen and the Dem's in Congress created the
problem so who are you going to call to solve the problem? The
obomination? You think he knows what to do with it? Nope.

The obomination is in the process of making things worse. We are screwed.

I don't know how old you are, but myself, I'm happy to be retired.

The folks I currently feel sorry for are those who saved our butts during WWII
and are leaving us in ever increasing numbers.

Imagine looking at the current debacle, and wondering if it was all worth it?

We let them down.

I'm still working and wondering just how much money I need to amass so I
can retire one day. It's not looking good.

My advice: Do the best job you can. Save your money. Invest it as best you can,
being aware of risks and returns. Work overtime if offered. Work two jobs if
possible. Don't lend money without a written agreement. Get a pre-nup. Don't trust
lawyers, but use them if you must. Take what those who lie about their academic
credentials with a grain of salt. Kick back, enjoy your hobby. Etc...

In article ,
dxAce wrote:

Telamon wrote:

In article ,
dxAce wrote:

Telamon wrote:

In article
,
wrote:

On Mar 15, 9:56 am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying
for it.

How is this different from Reagan, Bush (41 and 43)?

Why don't YOU explain it to us with your infinite reservoir of
omnipotent Liberal Fascist wisdom and knowledge and all.
[We wait with bated breath.]

Bush 43 in his second term allowed the Dem's in congress to
create this toxic debt crisis by allowing the repeal of the
70-year-old Glass-Spiegel Act and he didn't rein in the Barney
Frank on the banking and finance committee, who loosened the
lending rules that Fanny may and Freddy Mac were required to go
by. This was the genesis of the problems we are facing today.

Instead of being a conservative president and preventing the
over heating of the housing markets with what amounts to
unsecured debt the whole industry was screwed. Today¹s economic
conditions were just a matter of time before this house of
cards folded.

You understand that once these poorly at best secured real
estate debt was created it had to be repackaged as something
else so it could be sold and resold like most credit contracts
in the credit market. These created and inflated for crap
government unsecured real estate debt became the toxic
derivatives.

People in the credit industry were very creative packaging
together good secured loans with the heavily leveraged ones to
spread the risk. The market went down and the leveraged loans
started failing, which in the process now ruined many good
loans starting a snowball down hill turning into an avalanche.
Most of the debt was frozen in place because it was now
un-sellable.

The right answer is to wait this out. People that own the
contracts will have to wait for them to play out. Some will win
with reasonable returns, some will lose, and some will break
even. The worst thing one could do is bail anyone out of this
situation they got themselves into, which is what we are doing.

This problem which has added itself to the recession would play
out in a couple of years, which would be tough but not bad but
now we have Bush followed by the obomination making a recession
into a depression.

Bush allowed this to happen and the Dem's in Congress created
the problem so who are you going to call to solve the problem?
The obomination? You think he knows what to do with it? Nope.

The obomination is in the process of making things worse. We
are screwed.

I don't know how old you are, but myself, I'm happy to be
retired.

The folks I currently feel sorry for are those who saved our
butts during WWII and are leaving us in ever increasing numbers.

Imagine looking at the current debacle, and wondering if it was
all worth it?

We let them down.

I'm still working and wondering just how much money I need to amass
so I can retire one day. It's not looking good.

My advice: Do the best job you can. Save your money. Invest it as
best you can, being aware of risks and returns. Work overtime if
offered. Work two jobs if possible. Don't lend money without a
written agreement. Get a pre-nup. Don't trust lawyers, but use them
if you must. Take what those who lie about their academic credentials
with a grain of salt. Kick back, enjoy your hobby. Etc...

Good advice, I'm working on it.

--
Telamon
Ventura, California

Telamon wrote:

In article ,
dxAce wrote:

Telamon wrote:

In article ,
dxAce wrote:

Telamon wrote:

In article
,
wrote:

On Mar 15, 9:56 am, dave wrote:
wrote:
Welcome, kids, to the Brokest Generation

The young aren't to blame for this mess, but they'll be paying
for it.

How is this different from Reagan, Bush (41 and 43)?

Why don't YOU explain it to us with your infinite reservoir of
omnipotent Liberal Fascist wisdom and knowledge and all.
[We wait with bated breath.]

Bush 43 in his second term allowed the Dem's in congress to
create this toxic debt crisis by allowing the repeal of the
70-year-old Glass-Spiegel Act and he didn't rein in the Barney
Frank on the banking and finance committee, who loosened the
lending rules that Fanny may and Freddy Mac were required to go
by. This was the genesis of the problems we are facing today.

Instead of being a conservative president and preventing the
over heating of the housing markets with what amounts to
unsecured debt the whole industry was screwed. Today¹s economic
conditions were just a matter of time before this house of
cards folded.

You understand that once these poorly at best secured real
estate debt was created it had to be repackaged as something
else so it could be sold and resold like most credit contracts
in the credit market. These created and inflated for crap
government unsecured real estate debt became the toxic
derivatives.

People in the credit industry were very creative packaging
together good secured loans with the heavily leveraged ones to
spread the risk. The market went down and the leveraged loans
started failing, which in the process now ruined many good
loans starting a snowball down hill turning into an avalanche.
Most of the debt was frozen in place because it was now
un-sellable.

The right answer is to wait this out. People that own the
contracts will have to wait for them to play out. Some will win
with reasonable returns, some will lose, and some will break
even. The worst thing one could do is bail anyone out of this
situation they got themselves into, which is what we are doing.

This problem which has added itself to the recession would play
out in a couple of years, which would be tough but not bad but
now we have Bush followed by the obomination making a recession
into a depression.

Bush allowed this to happen and the Dem's in Congress created
the problem so who are you going to call to solve the problem?
The obomination? You think he knows what to do with it? Nope.

The obomination is in the process of making things worse. We
are screwed.

I don't know how old you are, but myself, I'm happy to be
retired.

The folks I currently feel sorry for are those who saved our
butts during WWII and are leaving us in ever increasing numbers.

Imagine looking at the current debacle, and wondering if it was
all worth it?

We let them down.

I'm still working and wondering just how much money I need to amass
so I can retire one day. It's not looking good.

My advice: Do the best job you can. Save your money. Invest it as
best you can, being aware of risks and returns. Work overtime if
offered. Work two jobs if possible. Don't lend money without a
written agreement. Get a pre-nup. Don't trust lawyers, but use them
if you must. Take what those who lie about their academic credentials
with a grain of salt. Kick back, enjoy your hobby. Etc...

Good advice, I'm working on it.

Best of luck to ya, and I mean that.

dxAce
Michigan
USA

On Mar 15, 4:39*pm, Bob Dobbs wrote:
dxAce wrote:

The folks I currently feel sorry for are those who saved our butts during WWII
and are leaving us in ever increasing numbers.

Why feel sorry for the ones leaving?
Their race is run, they're home free.
The ones still in the checkout queue
mostly don't keep up with whatever is going on,
just trying to remember if they took their meds today
while they shuffle around in an endless loop of confusion.
You need to feel sympathy for Claude's doggie g

--

Operator Bob
Echo Charlie 42

Ja, Ja, said Like a True EUropean Socialist - "America Alone" read it!

"Telamon" wrote in message
...
In article ,
"Reverend Billy Bob" wrote:

"~ RHF" wrote in message
...
Meanwhile the Obama-Regime© does nothing
to protect America's Sovereignty from the
encroachment by Russia into Cuba putting
Bombers and ?Missiles? within a few Miles
of the US Mainland.

And you know this how?

Have you read the news lately? The Russian's are also considering
Venezuela.

--
Telamon
Ventura, California


B-b-b-ut....I thought they were our newest, bestest buddies in the whole
wide world...


"I looked the man in the eye. I was able to get a sense of his soul..."

On Mar 15, 4:17*pm, Telamon
wrote:
In article ,
*"Reverend Billy Bob" wrote:

"~ RHF" wrote in message
Meanwhile the Obama-Regime© does nothing
to protect America's Sovereignty from the
encroachment by Russia into Cuba putting
Bombers and ?Missiles? within a few Miles
of the US Mainland.

And you know this how?

Have you read the news lately? The Russian's are also considering
Venezuela.


Billy Boobs doesn't know how to read.