mdporter Posted July 10, 2009 Report Share Posted July 10, 2009 take it away Link to comment Share on other sites More sharing options...
Peek Paper Posted July 10, 2009 Report Share Posted July 10, 2009 NEW YORK (CNNMoney.com) -- Fresh out of bankruptcy, the new General Motors hopes to soon start selling its whole line of cars on eBay through a pilot program. While the marketing effort would initially be limited to California, it could go national if it proves to be successful, said GM Chief Executive Fritz Henderson at a news conference Friday. GM on ebay "We were able to follow through on Chrysler's lead and stiff our bondholders for pennies on the dollar. California should be a great partner in this new effort, with its rapidly expanding IOU program and a potential 11-figure bond default looming." Link to comment Share on other sites More sharing options...
T_Slim Posted July 10, 2009 Report Share Posted July 10, 2009 silence. I see they held it together again. treasury prices took another stab for their respective s/r zones. 10 year treasury looking like hidden bearish divergence. I'm thinking YM 8200 should be resistance now and 7800 to 8000 awaits. poor little dow couldn't even get to 9000. This market is screwed. Link to comment Share on other sites More sharing options...
Jetlag Posted July 10, 2009 Report Share Posted July 10, 2009 NEW YORK (CNNMoney.com) -- Fresh out of bankruptcy, the new General Motors hopes to soon start selling its whole line of cars on eBay through a pilot program. While the marketing effort would initially be limited to California, it could go national if it proves to be successful, said GM Chief Executive Fritz Henderson at a news conference Friday. GM on ebay "We were able to follow through on Chrysler's lead and stiff our bondholders for pennies on the dollar. California should be a great partner in this new effort, with its rapidly expanding IOU program and a potential 11-figure bond default looming." Do they accept Kali IOU's as way of payment? Link to comment Share on other sites More sharing options...
mdporter Posted July 10, 2009 Author Report Share Posted July 10, 2009 In the news today both the University of California and California State University systems are announcing both wage cuts and also lowering the number of students they will accept. No word on if they are going to root out all the money wasting and cronyism that is endemic to both systems. One of my friends that took a 10% pay cut earlier this year is going to take another 8%, because his wife works for UC Berkeley. And he has a kid attending USC and another at Berkeley. He's gonna be hurting bigtime now. Something will have to give way as his personal budget is shredded. Speaking of budgets, the lawmakers (lawbreakers) in Sacramento are not even trying to come up with a budget anymore. They appear to be content to let the state burn. Great moves. We here on this forum could make a budget for the state in one afternoon. Just tell the state, "This is it, there is no money for anything else. Sorry." Link to comment Share on other sites More sharing options...
DrStool Posted July 10, 2009 Report Share Posted July 10, 2009 They Know All, We Know Nothing- Professional Edition by Lee Adler, Friday, July 10, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit The Fed’s balance sheet shrinkage trend continued this week as ongoing drops in Alphabet Soup outstripped the amount of securities the Fed bought directly. Commercial paper’s shrinkage problem also continued, as did that of retail money market funds as holders liquidated in order to meet current obligations. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
mdporter Posted July 10, 2009 Author Report Share Posted July 10, 2009 DESPERATION MYFOXNY.COM - How early is too early for Christmas marketing? Apparently it's not July for Sears Holdings Company. The company owns Sears and Kmart. It has opened an online holiday store and Christmas boutiques at hundreds of stores. The company hopes to nudge consumers into starting their holiday shopping early and use the retailer's lay-a-way plan. Lay-a-way plans allow shoppers to pay for items over an extended period before they actually take the merchandise home. Sears reintroduced the program year-round in January. source Link to comment Share on other sites More sharing options...
shorty Posted July 11, 2009 Report Share Posted July 11, 2009 In the news today both the University of California and California State University systems are announcing both wage cuts and also lowering the number of students they will accept. No word on if they are going to root out all the money wasting and cronyism that is endemic to both systems. One of my friends that took a 10% pay cut earlier this year is going to take another 8%, because his wife works for UC Berkeley. And he has a kid attending USC and another at Berkeley. He's gonna be hurting bigtime now. Something will have to give way as his personal budget is shredded. Speaking of budgets, the lawmakers (lawbreakers) in Sacramento are not even trying to come up with a budget anymore. They appear to be content to let the state burn. Great moves. We here on this forum could make a budget for the state in one afternoon. Just tell the state, "This is it, there is no money for anything else. Sorry." if she draws a paycheck from the school I think her kids also get to free-ride there, correct? or do they have to pay like everyone else? Link to comment Share on other sites More sharing options...
Jorma Posted July 11, 2009 Report Share Posted July 11, 2009 Winthrop, Mitchell believes market is in much better condition after recent liquidation, believes stocks "getting near rock bottom levels", would buy many major stocks on further selling. They may go a little lower, but not worth trying to pick a bottom: "The long pull prospect of large profits is too good to be concerned about 5 or 10 point dips, which later will be regarded as only minor setbacks in a major upturn." In the news. 7/8/1930 http://newsfrom1930.blogspot.com/ Link to comment Share on other sites More sharing options...
shorty Posted July 11, 2009 Report Share Posted July 11, 2009 DESPERATION MYFOXNY.COM - How early is too early for Christmas marketing? Apparently it's not July for Sears Holdings Company. The company owns Sears and Kmart. It has opened an online holiday store and Christmas boutiques at hundreds of stores. The company hopes to nudge consumers into starting their holiday shopping early and use the retailer's lay-a-way plan. Lay-a-way plans allow shoppers to pay for items over an extended period before they actually take the merchandise home. Sears reintroduced the program year-round in January. source Walmart's plan is better -- it allows shoppers to use items over an extended period before they actually bring the merchandise back and get a full cash refund. "What's wrong with it, sir?" "Nuthin'. We just done usin' it. Now gimme my money back." Link to comment Share on other sites More sharing options...
shorty Posted July 11, 2009 Report Share Posted July 11, 2009 NEW YORK (CNNMoney.com) -- Fresh out of bankruptcy, the new General Motors hopes to soon start selling its whole line of cars on eBay through a pilot program. While the marketing effort would initially be limited to California, it could go national if it proves to be successful, said GM Chief Executive Fritz Henderson at a news conference Friday. GM on ebay "We were able to follow through on Chrysler's lead and stiff our bondholders for pennies on the dollar. California should be a great partner in this new effort, with its rapidly expanding IOU program and a potential 11-figure bond default looming." Now that's a plan. Screw the CA bondholders. Just walk away. Problem solved. Link to comment Share on other sites More sharing options...
Charmin Posted July 11, 2009 Report Share Posted July 11, 2009 In the news today both the University of California and California State University systems are announcing both wage cuts and also lowering the number of students they will accept. No word on if they are going to root out all the money wasting and cronyism that is endemic to both systems. One of my friends that took a 10% pay cut earlier this year is going to take another 8%, because his wife works for UC Berkeley. And he has a kid attending USC and another at Berkeley. He's gonna be hurting bigtime now. Something will have to give way as his personal budget is shredded. Speaking of budgets, the lawmakers (lawbreakers) in Sacramento are not even trying to come up with a budget anymore. They appear to be content to let the state burn. Great moves. We here on this forum could make a budget for the state in one afternoon. Just tell the state, "This is it, there is no money for anything else. Sorry." and this: SEC calls for Calif. IOUs treated as securities "The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators." http://www.sfgate.com/cgi-bin/article.cgi?.../f111915D34.DTL Link to comment Share on other sites More sharing options...
shorty Posted July 11, 2009 Report Share Posted July 11, 2009 Do they accept Kali IOU's as way of payment? No butt you can do zero-down financing then never make a payment, just drive the thing into the ground and park it all over the place until they find it, then just walk away. Car loans are non-reamcourse just like RE, right? You can also refi the thing a couple times with the help of a friendly loan borker, and pull out cash.....plus you can cannibalize it fer parts if ya smell the repo man gettin' close. 1. Use it 2. Strip it 3. Trash it 4. Walk away 5. Laugh yer aSS off The secret to the strong CA economy. Link to comment Share on other sites More sharing options...
Charmin Posted July 11, 2009 Report Share Posted July 11, 2009 Walmart's plan is better -- it allows shoppers to use items over an extended period before they actually bring the merchandise back and get a full cash refund. "What's wrong with it, sir?" "Nuthin'. We just done usin' it. Now gimme my money back." A couple of guys I knew had a high speed mission to travel across country. They bought a fuzz buster at Walmart and when they were done with it they turned it in and got their money back. Link to comment Share on other sites More sharing options...
Charmin Posted July 11, 2009 Report Share Posted July 11, 2009 Speaking of Government Motors: "J.P. Morgan and Citi Group get paid first in GM bankruptcy" Andrew Gause on radio explaining the situation to Patrick Timpone http://www.oneradionetwork.com/money%10fin...h_200907081164/ You may have to register to listen to podcast. As one person said - "Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi." Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.