[Rhodes22-list] Brad - definitely gas in Tennessee

petelargo petelauritzen at earthlink.net
Sat Sep 27 15:04:33 EDT 2008 

interesting back-peddle. you've definitely got a political future


Brad Haslett-2 wrote:
> 
> Wally,
> 
> You didn't get sucked in, you jumped.  And yes, I had takers and, no -
> the window of opportunity for that bet has passed.  Now I'm really
> going out on a limb and make a bold prediction.  An earthquake of
> magnitude 8.5 on the Richter scale (last time was 200 years ago) is
> going to hit Memphis. It may happen today or it may be in 200 years
> from today.  Would someone with perfect insight let me know exactly
> when so I can determine whether to cancel my earthquake insurance?
> 
> Brad
> 
> On Sat, Sep 27, 2008 at 1:07 PM, TN Rhodey <tnrhodey at gmail.com> wrote:
>> I saw Brad's call for VP bets too late. I do agree that Biden was a poor
>> chooice but I don't see him getting dumped...of course anything is
>> possible.
>> Man I am getting sucked back into the list politics.......Did Brad get
>> any
>> takers?.
>> On Sat, Sep 27, 2008 at 1:45 PM, petelargo
>> <petelauritzen at earthlink.net>wrote:
>>
>>>
>>> You called it right Wally. I wasn't on the posts 2 1/2 years ago. But
>>> for
>>> the
>>> year I have been on the posts Brad has been a musician on the titanic -
>>> financially. More falling predictions: He also stated numerous times in
>>> March-April that Obama was total political toast and would never be
>>> elected
>>> to anything again.  We are awaiting his "inside knowledge" call that
>>> Biden
>>> will be replaced with Hillary.
>>>
>>>
>>> TN Rhodey-2 wrote:
>>> >
>>> > Brad,  Sorry I call Bullshit.....Did you read my post????You and I did
>>> not
>>> > agree on this 2.5 years ago . You said this crisis was limited to
>>> > sub-prime
>>> > and a minor problem. Do you remember telling all how rosy the economy
>>> was,
>>> > the cost of war was not a problem, and how little the sub-prime crisis
>>> > would
>>> > hurt the economy? Just a speed bump compared to the S & L crisis. you
>>> > said...You provided  links that you claimed supported your views
>>> (often
>>> > they
>>> > did not). You actually told me to go back to school and read some
>>> economic
>>> > books.You do remember all of your rosy claims and me suggesting you
>>> remove
>>> > your rose colored glasses? Come on I know you remember. ..... If you
>>> had
>>> a
>>> > pair you would admit you were a little off the mark if not flat out
>>> wrong.
>>> >
>>> >  I told you way back then that sub-prime was just the tip of the ice
>>> berg
>>> > and the crisis would hit Alt A, A paper, consumer credit and
>>> commercial..
>>> > You disagreed and painted a rosy picture. Now you tell me the problem
>>> is
>>> > commercial.......you are too much. This is what I TOLD you. Thanks for
>>> > playing. Selective memory is a great thing!  LOL
>>> >
>>> >
>>> > You say we need to bail these institutions out.  I thought we were
>>> better
>>> > off letting the private sector handle these problems? We can trust the
>>> > government to fix this problem but they can't handle health care???
>>> > Honestly
>>> > if this wasn't so serious it would strike me as funny. This bail out
>>> may
>>> > very well be the right thing but we don't need to make a hasty knee
>>> jerk
>>> > decision. This is the same type of thought process that got us into
>>> Iraq.
>>> > There may be more than one way to skin this cat. We need to get it
>>> right.
>>> >
>>> > Comrades hang on to your wallets and tighten your belts!
>>> >
>>> > Fair Winds, Wally
>>> >
>>> >
>>> > On Sat, Sep 27, 2008 at 10:55 AM, Brad Haslett <flybrad at gmail.com>
>>> wrote:
>>> >
>>> >> Wally,
>>> >>
>>> >> The immediate crisis is commercial paper.  If the market quits buying
>>> >> and selling commercial paper the wheels of the entire economy grind
>>> to
>>> >> a halt.  That IS bad.
>>> >>
>>> >> You and I agreed 2.5 years ago that the real estate market silliness
>>> >> wouldn't last forever and it didn't.  The financial institutions
>>> would
>>> >> have made a correction but for Fanny and Freddie continuing to serve
>>> >> "free" drinks until the patrons fell off their bar stools.
>>> >>
>>> >> As for safe, do business with a local bank.  I bank with the Memphis
>>> >> Area Teachers Credit Union and they hold their own loans.  There's
>>> >> nothing sexy about borrowing money at 4% and lending it at 7% but
>>> it's
>>> >> worked for years.  Every community has a small bank or S&L.
>>> >>
>>> >> Complaining about the equities market going South makes about as much
>>> >> sense as me whining about my airplane losing 30% of its value in the
>>> >> last year.  It is only a problem if I plan to sell (and I don't). 
>>> The
>>> >> stock market has outperformed every other investment in the long run.
>>> >> For most Americans, the long run means the day after tomorrow.
>>> >>
>>> >> Never forget what Thomas Malthus said about the long run.  In the
>>> long
>>> >> run, we'll all be dead!
>>> >>
>>> >> Brad
>>> >>
>>> >> On Sat, Sep 27, 2008 at 9:35 AM, TN Rhodey <tnrhodey at gmail.com>
>>> wrote:
>>> >> > Did Brad really say this crisis is worse than people
>>> think...congrats
>>> >> it
>>> >> > looks like you finally got it! I told you this was going to be huge
>>> 2.5
>>> >> > years ago. But no no no....Brad you really had your blinders on but
>>> it
>>> >> > sounds like you may be catching up!......Thankfully I ignored the
>>> >> optimistic
>>> >> > opinions of Brad, Ed, Herb (maybe a few others).and made dramatic
>>> >> changes
>>> >> to
>>> >> > my meager portfolio over the last 2 years.  Now i am worried about
>>> my
>>> >> bank
>>> >> > closing.....there is only so much FDIC insurance to go around. 
>>> Bank
>>> >> runs
>>> >> > are making a comeback. What is safe?
>>> >> >
>>> >> > I say no bail out! Let the chips fall..... It will be ugly but does
>>> >> anyone
>>> >> > really think the government can fix this? Plenty of blame to go
>>> around
>>> >> but
>>> >> > this is all about greed at every level.  I find no joy in seeing my
>>> >> fears
>>> >> > realized......hopefully not my WORSE fears.
>>> >> >
>>> >> > Maybe we could fix this the "American" way.......we can get one of
>>> >> those
>>> >> > Credit Repair/Tax Settlement companies to renegotiate our debt with
>>> >> > China.....or can we just default on our debt and tell China tough
>>> shit?
>>> >> We
>>> >> > can put the White House on the national "Do Not Call" list and get
>>> a
>>> >> new
>>> >> > unlisted phone number for the White House.  The national FICO score
>>> >> will
>>> >> go
>>> >> > down the shitter but a good credit repair company could help us
>>> rebuild
>>> >> our
>>> >> > credit in a mere matter of a couple of years.  Problem solved. Just
>>> >> > kidding.....
>>> >> >
>>> >> > I just hope the new pres is up to the task.
>>> >> >
>>> >> > Fair winds, Wally
>>> >> >
>>> >> >
>>> >> >
>>> >> >
>>> >> > On Fri, Sep 26, 2008 at 6:23 PM, Brad Haslett <flybrad at gmail.com>
>>> >> wrote:
>>> >> >
>>> >> >> Ed,
>>> >> >>
>>> >> >> Haven't heard anything about it but then I've been out of pocket
>>> >> >> today. What I've been reading about the last hour is that the
>>> Dem's
>>> >> >> don't want their version to pass without the Republicans on board
>>> >> >> because then "they own it". Barney Frank tried to load it up with
>>> >> >> Christmas ornaments, ie, "funding housing for the poor", etc.  Hey
>>> >> >> Barney, DUMBASS, that's how we got to this point.  Anyway, he's
>>> >> >> already backed down from that.  The Republicans are getting Very
>>> Heavy
>>> >> >> anti-bailout messages from their constituents, and in the
>>> right-wing
>>> >> >> blogsphere where I spend a fair amount of time, it is not popular.
>>> >> >> That's an understatement. Bush wanted McCain to bring the
>>> Republicans
>>> >> >> on board and I'm not sure McCain was able to do that. Presidential
>>> >> >> election year or not, McCain is a RINO and he's not getting the
>>> party
>>> >> >> to fall in line  behind him in lockstep. My hope is that a bill
>>> gets
>>> >> >> passed over the weekend, as clean a bill as we can possibly get. 
>>> The
>>> >> >> Dems have the votes to do it on their own and IMHO are on the
>>> right
>>> >> >> side of the issue.  The Republican concerns are valid but it's too
>>> >> >> late to implement them.  The crisis is worse than most people
>>> think.
>>> I
>>> >> >> can only watch TV news coverage until Harry Reid shows his face
>>> and
>>> >> >> then I start looking for things to throw at the TV, so now I just
>>> >> >> leave the room. Reid is a worthless asswipe that tries to
>>> politicize
>>> >> >> everything. Obama has an opportunity to come out of this looking
>>> like
>>> >> >> a hero even though his fingerprints are all over the cause of the
>>> >> >> mess.  Such is politics.
>>> >> >>
>>> >> >> You can't say this year has been boring.
>>> >> >>
>>> >> >> Brad
>>> >> >>
>>> >> >> On Fri, Sep 26, 2008 at 2:52 PM, Tootle <ekroposki at charter.net>
>>> wrote:
>>> >> >> >
>>> >> >> > You two guys have access to the latest information, what is
>>> behind
>>> >> rumor
>>> >> >> that
>>> >> >> > Paulson is feeding Obama information thru his old friends at
>>> >> Goldman,
>>> >> >> Sacks?
>>> >> >> >
>>> >> >> > Next rumor:  Is Paulson trying to bail out Goldman, Sacks so
>>> that
>>> he
>>> >> >> > personnally is not brought into lawsuits to recover losses?
>>> >> >> >
>>> >> >> > Ed K
>>> >> >> > Greenville, SC, USA
>>> >> >> > --
>>> >> >> > View this message in context:
>>> >> >>
>>> >>
>>> http://www.nabble.com/Brad---Bell-E%2C-Political-question-tp19695267p19695267.html
>>> >> >> > Sent from the Rhodes 22 mailing list archive at Nabble.com.
>>> >> >> >
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>>>
>>> --
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