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U.S. Government Announces Holiday Surprise

 

Under a new policy approved today by the Bush Administration, all U.S. Post Offices will provide free 24-hour access to ATM machines with unlimited withdrawals available to anyone who needs money.

 

"This new program will boost our economy during these uncertain times, and I'm sure the American peoples will use the money to put food on their families. Remember, there is no limit to the amount you can withdraw. Take all you want, just be sure to spend all you take."

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Candidates Spar Over Promised Aid to Strapped Homeowners

 

"I'll provide up to $100 Trillion in tax-free grants during my first 30 days in office, and furthermore......"

 

"I'll do a $Quadrillion!"

 

:blink:

633913[/snapback]

 

This should come in handy for the electronic money printing

 

A68-1054-callout.jpg

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Democrats Offer Alternative Liquidity Plan

 

Under the proposal now before CONgress, President Bush's postal ATM machine plan will be replaced by a more energy-efficient and environmentally-friendly approach.

 

"All that driving to post offices is releasing terrible amounts of greenhouse gaSSes into our atmosphere. Under our proposal, local fire departments will use high-powered hoses to blaSSt every homoaner's walls and attics full of hundred dollar bills, for easy access by all consumers in the family. We estimate the extra insulation will also cut home heating costs by up to 20% during the winter season."

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it's true, click it :ph34r:

 

Southern Californians Moving Into Depression-Style Tent Cities

 

The unraveling of the region reads like a 21st century version of "The Grapes of Wrath," John Steinbeck's novel about families driven from their lands by the Great Depression.

 

The noisy, dusty camp now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis.

 

Steve, 50, who declined to give his last name, moved to tent city four months ago. He gets social security payments, but cannot work and said rents are too high.

 

"House prices are going down, but the rentals are sky-high," said Steve. "If it wasn't for here, I wouldn't have a place to go."

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2007 A GREAT YEAR OF INFORMATION ASSYMETRY

 

Yes it was a great year for information assymetry - as some municipalities in Norway and Australia who invested in AAA subprime bonds found out.

 

I give Jimbo awards for Blackstone, Fortress, Ochs Ziff , RAMS and Vonage.

 

Great stuff in unloading your overvalued stock at outrageous prices on complete idiot bagholders

 

A special mention to CENTRO for buying property like crazy at the top of the market financed completely with short term borrowings. Great strategy guys. And valuing your rights to manage the properties you actually owned at $5.5 billion - a stroke of genius - I think that the rights to manage the properties were worth more than the value of your equity stake in the properties themselves!!!!!!!!!!!! I think that is called having your cake and eating it too. :ph34r:

 

Next year will be a great year for bankruptcy.

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Anyone realize the 3 major averages are all less than 5% from 52 week highs.  :mellow:

 

All the bad financial news.

Funds blowing up.

Recession talks.

Liquidity drains.

 

All the bad news and the best the bears can do is nudge a small 3-5% correction.  I wonder what will happen if the banks bottom.  :mellow:

633898[/snapback]

 

 

A 3-5% correction?! UNACCEPTALBE!!! Interest rates MUST be cut!

 

Speaking of which, don't look now, "There's-no-inflation" gang, but oil and gold are holding their own. I don't know WHEN the truth will come out, but every day they hold up is one day closer to the day of reckoning- whenever THAT may be....

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Anyone realize the 3 major averages are all less than 5% from 52 week highs.  :mellow:

 

All the bad financial news.

Funds blowing up.

Recession talks.

Liquidity drains.

 

All the bad news and the best the bears can do is nudge a small 3-5% correction.  I wonder what will happen if the banks bottom.  :mellow:

633898[/snapback]

 

 

mad this is something that i tend to watch when a stock goes up on really bad news. things are just so bad and stocks are going up. but i just trade charts ;)

 

too be honset a couple the issues i held were down today. i did not have that great of a day.

 

nxg got the POP finally and Cne welll Ugh !

post-4787-1198288131.png

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