
Thursday, November 27, 2008
Relentless

Tuesday, November 4, 2008
Election Day is OVER!

Tuesday, September 23, 2008
Plan for the Future, It Has Been Seen
You can see why I draw so many parallels here, and here.
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"These are critical days, now is when we’ll get a better picture of how bad things will actually get, how long until we see the economy back on it’s feet."
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"For an economical crisis like the one the US seems to be getting into, isolating yourself and living like a hermit is the last thing you should look forward too.The idea of being completely self sufficient, and thinking that achieving that is some kind of nirvana survival state, that’s OK for a 16 year old living in mom’s basement, but that’s not what an adult with a family to take care of should look forward to."
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Please READ the WHOLE post here
Tuesday, September 16, 2008
Bailout(s)
"In an unprecedented rescue effort, the Treasury Department and the Federal Housing Finance Agency seized control of the two mortgage giants Sunday, replacing the firm's chief executives and pledging to provide up to $200 billion in order to stem losses and keep the companies afloat."
Details
Second, AGI:
"In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG."
Details
Third,?????
God I wish I liked taxes, and believed the Fed was even constitutional.
Image and another foretelling blog of this fiasco
From an editorial February 2008
"The recession will cause a sharp increase in defaults in all other forms of unsecured consumer debt such as credit cards, auto loans, student loans, etc. As the Fed Loan Officers Survey suggests, the credit crunch is spreading from mortgages to consumer credit, and from large banks to smaller banks, it is becoming clear that the losses are much higher than the $10-$15 billion rescue package that regulators are trying to put together. The Monolines are actually borderline insolvent if not out and out bankrupt and none of them deserves a AAA rating regardless of how much recapitalization is provided. Any business that requires an AAA rating just to stay in business is a business that does not warrant an AAA rating. However, any downgrade of the Monolines will lead to another $150 to $250 billion of write-downs since it will also lead to huge losses on their portfolio of Muni Bonds. Just their downgrade will spillover into large losses and potential runs on the Money Market Funds that have relied on those AAA ratings. The Money Market Funds that are backed by banks or that bought liquidity protection from banks against the risk of a fall in the NAV may avoid a run, but such a rescue will exacerbate the capital and liquidity problems of their underwriters. Any Monolines' downgrade would lead to another sharp drop in US equity markets already shaken by the risk of a severe recession and large losses in the financial system but worst of all, to a general loss in overall CONFIDENCE."
Details
Jason
III
Wednesday, August 13, 2008
"Guns are what you end up using when you fucked up and failed in your awareness. I’ve been coming back home late at night again everyday at the same time.Yesterday some guys tried to cut me off but when they saw that I was a) armed and b) not slowing down, but rather accelerating, they moved away fast enough.Today I took a different route, and I’ll be using different ways back home so as to avoid being ambushed like that.These things happen often, and being armed and not stopping or the combination of both always got me trough. But when they target you they may use other resources like setting traps like stones on the street or throwing bricks at your windshield to force you to stop."
We would all do well to do some extensive reading of his postings frequently.
Jason
III