Jump to content

Archived

This topic is now archived and is closed to further replies.

DrStool

And the band played on

Recommended Posts

nob dy ca pr dic t e ma ket

 

beca e nobo y has co pl te infor a ion

 

alw s har ta te l wh t all th ot r mora go na do ext

Share this post


Link to post
Share on other sites
"What are the banks doing with these massive excess reserves"?

Asked Doc in the Fed report...

 

Well maybe they are holding the cash as collateral for the $1.7 TRILLION of Interest Rate Swaps they have written.

 

Five large commercial banks represent 88% of net current credit exposure.

 

Wait till this bubble pops...

 

Whoops, I meant $170 TRILLION.

 

Also here's the link to the OCC report.

Share this post


Link to post
Share on other sites

mebbe the big Nathty happenth thith week if CrAApl common dithappointh

 

a lotta overextended dongth might get thnapped off in the crithp autumn air

Share this post


Link to post
Share on other sites

yer taxrape dollars at work....

 

The stimulus bill includes $17 billion to boost the Pell Grant program and raise the maximum annual award from $4,731 to $5,350.

 

Pell Grants are awarded to low-income students. The grants don't have to be repaid.

 

The government doesn't allocate the money based on an assessment of what kinds of job skills are in demand. Rather, students apply to the government for the grants and if eligible can put the money toward the vocational school, college or university to which they've been accepted.

 

More than $2.3 million in federal economic stimulus grants have gone to eight Tampa Bay area cosmetology and massage schools to pay tuition for the hairdressers, masseuses and nail technicians of tomorrow.

 

Chad Malm, owner of Salon Jack in Tampa, said he gets as many as six applicants every week. There are plenty of hairdressers, he said, and using stimulus money to put students through beauty school is ridiculous.

 

Only 1 to 2 percent of beauty school graduates will be working in the field five years from graduation, said Bonnie Poole, treasurer of the Florida Cosmetology Association.

Share this post


Link to post
Share on other sites

to all ye Pell Grant "award" winners splittin' up that $17,000,000,000.00 of tax loot "award" money ripped outta yer neighbors' asses:

 

my sincere congratulations on yer "awards"

 

by the way, what do you do each year to keep winning yer annual "awards"?

 

maybe yer neighbors just awful kind and generous

post-2457-1255909294.jpg

Share this post


Link to post
Share on other sites

Hairdressers, masseuses and nail technicians are important entry level, stepping stone jobs to those high paying manufacturing positions, like hamburger assembly at restaurant factories.

Share this post


Link to post
Share on other sites
Hairdressers, masseuses and nail technicians are important entry level, stepping stone jobs to those high paying manufacturing positions, like hamburger assembly at restaurant factories.

yup, plus if they got the talents, they can git promoted to "happy ending" technicians

Share this post


Link to post
Share on other sites
nob dy ca pr dic t e ma ket

 

beca e nobo y has co pl te infor a ion

 

alw s har ta te l wh t all th ot r mora go na do ext

 

I have a headache.

Share this post


Link to post
Share on other sites

In the bigger scheme of things, is the buying of Treasuries ipso facto considered to be "savings?" If any such purchase of a treasury is considered savings then I guess that might be why our government says that the rate of savings is going up even though fewer people seem to have disposable income these days.

 

To me savings is like the old money in the bank before all the multiplier effects of fractional reserve banking. Buying a treasury today seems more like a loan to the government and that amount is already spent. A treasury is like giving the money to someone else who has already spent your money by proxy and the government is only acting as the middleman taking a cut of the action while you have to wait 20-30 years to get your money back at a ridiculously low percent interest before any taxes and inflation effects.

Share this post


Link to post
Share on other sites
In the bigger scheme of things, is the buying of Treasuries ipso facto considered to be "savings?" If any such purchase of a treasury is considered savings then I guess that might be why our government says that the rate of savings is going up even though fewer people seem to have disposable income these days.

 

To me savings is like the old money in the bank before all the multiplier effects of fractional reserve banking. Buying a treasury today seems more like a loan to the government and that amount is already spent. A treasury is like giving the money to someone else who has already spent your money by proxy and the government is only acting as the middleman taking a cut of the action while you have to wait 20-30 years to get your money back at a ridiculously low percent interest before any taxes and inflation effects.

 

It is "saving" US Treasury's ... isn't it?

:lol: :lol: :lol:

 

Without someone buying USBonds interest rate would be much higher ....

Share this post


Link to post
Share on other sites

Drop in foreclosures called ‘very scary’

 

Something to keep track of...

 

Nobody is sure exactly how many bank walkaways are occurring. For various reasons, they can’t be identified in searches of public real estate and court data without individually pulling case files, experts say.

 

But nobody questions that they are on the increase.

 

David Rothstein, a researcher with Policy Matters Ohio, summarized the way they occur like this:

 

• The lender files a foreclosure, gets the foreclosure judgment in court, takes the property to sheriff’s auction but doesn’t bid on it if no one else does.

 

• The lender files as above, gets the judgment, sets the sheriff’s auction, then cancels the sale at the last minute.

 

• The lender files as above but then never requests a sheriff’s auction.

 

• The lender doesn’t even bother to file foreclosure.

 

All of these actions leave the foreclosed property in the hands of the original owner who, in many cases, has moved out and is unaware the lender hasn’t taken it.

 

One indicator of the trend in walkaways is the gap between the number of foreclosure filings by lenders and the number of properties actually sold at sheriff’s auction.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×