[Rhodes22-list] Brad - definitely gas in Tennessee
Herb Parsons
hparsons at parsonsys.com
Sat Sep 27 19:51:53 EDT 2008
Sorry Pete, you either didn't read well, or didn't comprehend well. I
say that because I specifically remember Brad saying that if Obama gets
elected, he'll likely be impeached. That doesn't square with your
interpretation that he's claimed Obama "would never be elected to
anything again".
petelargo 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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