tag:blogger.com,1999:blog-18675105.post6905891468250549767..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: FLASH: UK government rushes new policies to prepare for more bank failures. Get ready folks, it's coming...bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-18675105.post-30068819648165298852008-01-05T22:55:00.000+00:002008-01-05T22:55:00.000+00:00Anon said:"i WONDER THE KICKBACKS RECEIVED THAT WE...Anon said:"i WONDER THE KICKBACKS RECEIVED THAT WENT TO THE BOARDS OF DIRECTORS OF THE BANKS THAT ARE PAYING 11 PERCENT INTERESTS ON INTERBANK LOANS WHILE DEPOSITORS RECEIVE WHAT? 3,4,5 PERCENT..."DIFFERENT" MONEY?"<BR/><BR/>Exactly. The banks have it turned around backwards.Miss Goldbughttps://www.blogger.com/profile/10801986805626811706noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22831623588785191622008-01-05T22:47:00.000+00:002008-01-05T22:47:00.000+00:00lulu said:"If numerous banks were to go bankrupt, ...lulu said:"If numerous banks were to go bankrupt, would the FDIC be capable of paying everyone who had money deposited in those banks?"<BR/><BR/>FDIC Insurance was created after aprox 8000 banks closed their doors during the Great Depression.<BR/><BR/>I doubt even if there were a run on banks today, FDIC insurance would cover all deposits - no matter how many banks went bellyup in the process.<BR/><BR/>If I'm not mistaken, the Feds job is too create money out of thin air and to keep the economy on track by raising or lowering interest rates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65852892616757631942008-01-05T22:38:00.000+00:002008-01-05T22:38:00.000+00:00What to do said:"With the markets tanking, gold an...What to do said:"With the markets tanking, gold and my precious minerals stock should have gone up modestly today. Hmmmm..... traders cashing out to cover hedges? Might be time to seriously look into physical gold ownership. What country to hold it in though?"<BR/><BR/>I noticed that also. Must be either sell off in gold (assets)to cover losses, or possibly the feds are manipulating gold stocks.<BR/><BR/>All I know, is if the stocks are manipulated, they can't keep them down for too much longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73556780926437690412008-01-05T18:44:00.000+00:002008-01-05T18:44:00.000+00:00Are the bank ratings at bankrate.com legitimate. F...Are the bank ratings at bankrate.com legitimate. For example if I put my money in a bank that bankrate.com rates 4 stars, should I not have to worry about it? How accurate is their rating?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68065779967737988332008-01-05T18:40:00.000+00:002008-01-05T18:40:00.000+00:00Anonymous Anonymous said... Forgive me if I so...Anonymous Anonymous said...<BR/><BR/> Forgive me if I sound dumb, but would it be prudent to post articles here regarding safe cash equivalents or would that be considered way off topic on this board? I could use some serious advice on where to deposit approx. one million USD in cash please. Right now I'm getting 5% at a local bank in an MMA.<BR/><BR/> I love this website, so please don't be too hard on me. I'm sensitive.<BR/><BR/> Thank you guys very much. I appreciate this site very much.<BR/><BR/> January 05, 2008 2:30 AM<BR/><BR/>Well I remember reading in a book by Robert Prechter and in that book, he discusses how to buy gold and silver and where to store it at and which overseas banks are the strongest. Also, I do know that banks in Switzerland, Lichtenstein, etc... are very strong and they respect personal private property rights much stronger than the U.S. For more information on that go to the http://www.sovereignsociety.com/<BR/><BR/>Good luck and take care. I am hoping that things get really bad financially but I too am preparing myself. The worst thing a person can do is listen to the main stream media and listen and follow all of their rosy predictions. Thank God for alternative sources of information like this blog and others and then one can read, research and make up their own mind in terms of where to take their finances.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68783441169987354262008-01-05T18:23:00.000+00:002008-01-05T18:23:00.000+00:00Thank you for your responses. No I am not joking a...Thank you for your responses. No I am not joking about my million dollar money market account. I am not in a money market fund, it is a money market account. I believe there is a huge difference, please correct me if I am wrong. I know I can be in several different banks or use different ownership vehicles in the same bank to be within the FDIC insurance requirements, however I am very surprised that separate accounts or gold are the only safe alternatives. Does anybody have an opinion on Swiss Money Market Claims or New Zealand government paper, or anything else for that matter? Thank you again for your responses. I appreciate it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22633647071009993172008-01-05T17:57:00.000+00:002008-01-05T17:57:00.000+00:00What good will it do to put money into FDIC insure...What good will it do to put money into FDIC insured banks if there is not enough money to cover? And even if there is, with the value of the dollar plummeting, it sounds like it will be worthless. Where is the safest place to put it? I have a CD with Indy Mac Bank that will mature on Jan. 20 and I am considering using it to pay off an equity loan of $22,000? Should I buy gold instead? If so, where do I buy it and how liquid is it? ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40464377723264184132008-01-05T17:19:00.000+00:002008-01-05T17:19:00.000+00:00I just have never understood how you can have an u...<I><BR/>I just have never understood how you can have an unbiased media that depends on advertisement.<BR/></I><BR/><BR/>Are they supposed to work for free? Even PBS and NPR have donors, so they are not unbiased. Government owned media are funded by the government, so they are not unbiased. Even blogs are biased by the opinions of the blogger.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22017161783027248912008-01-05T16:14:00.000+00:002008-01-05T16:14:00.000+00:00What good will it do to put money into FDIC insure...What good will it do to put money into FDIC insured banks if there is not enough money to cover?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27690595041539748952008-01-05T07:08:00.000+00:002008-01-05T07:08:00.000+00:00I could use some serious advice on where to deposi...I could use some serious advice on where to deposit approx. one million USD in cash please. Right now I'm getting 5% at a local bank in an MMA.<BR/>_________________________________<BR/><BR/>OK, assuming you're not joking, you need to do two things ASAP, because it's better to be safe than sorry. First off, get out of money market funds immediately; they're full of all sorts of exotic derivatives which will cause you to lose your shirt when the economy tanks. Secondly, deposits at FDIC Banks are guaranteed ONLY up to a maximum of $100,000. I know it will be a lot of work, but you'll need to set up at least ten more accounts in ten different banks. Put $90,000 in each account, preferably in CDs. That should hold you for a couple of years until accrued interest pushes you over the $100,000 limit and you'll have to open more accounts at different banks for the excess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10667265627917156872008-01-05T06:45:00.000+00:002008-01-05T06:45:00.000+00:00DIS CRIME IN ATION................DIS CRIME IN ATION................Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61137731315584092182008-01-05T06:44:00.000+00:002008-01-05T06:44:00.000+00:00SHAREHOLDER (DOLLAR") DISCRIMINATION LAWSUITSSHAREHOLDER (DOLLAR") DISCRIMINATION LAWSUITSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45264658217074963102008-01-05T06:42:00.000+00:002008-01-05T06:42:00.000+00:00i WONDER THE KICKBACKS RECEIVED THAT WENT TO THE B...i WONDER THE KICKBACKS RECEIVED THAT WENT TO THE BOARDS OF DIRECTORS OF THE BANKS THAT ARE PAYING 11 PERCENT INTERESTS ON INTERBANK LOANS WHILE DEPOSITORS RECEIVE WHAT? 3,4,5 PERCENT..."DIFFERENT" MONEY?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78879105534848005642008-01-05T06:26:00.000+00:002008-01-05T06:26:00.000+00:00DIS IS 2 Funny BOSS!!!! If I had an ARM and it was...DIS IS 2 Funny BOSS!!!! If I had an ARM and it was about to reset then I would pocket the loot for the 6 months and run! You know it's coming so why be broke with bad credit later? Save the money now. Rent later and still have bad credit. Wake up Mcfly Wake UP!!!!! Gee Boss can I keep paying my loan and feel good? Huh Boss? Huh???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17715382468180809702008-01-05T05:57:00.000+00:002008-01-05T05:57:00.000+00:00sell California and So Arizona to the Asians and A...sell California and So Arizona to the Asians and Arabs now<BR/><BR/>I was born in California<BR/><BR/>If its sold, do I retain citizenship with the US or do I now become an Asian, an Arab or a Mexican?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28692451382155874042008-01-05T04:42:00.000+00:002008-01-05T04:42:00.000+00:00God forbid the media do their job and dig a bit.--...God forbid the media do their job and dig a bit.<BR/>--------------------------------<BR/><BR/>I just have never understood how you can have an unbiased media that depends on advertisement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34050423217822727122008-01-05T04:25:00.000+00:002008-01-05T04:25:00.000+00:00million dollar anon: Read this.Warning: Not invest...million dollar anon: <A HREF="http://www.itulip.com/forums/showthread.php?t=2806" REL="nofollow">Read this</A>.<BR/><BR/>Warning: Not investment advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74783475029838572112008-01-05T03:55:00.000+00:002008-01-05T03:55:00.000+00:00Forgive me if I sound dumb, but would it be pruden...Forgive me if I sound dumb, but would it be prudent to post articles here regarding safe cash equivalents or would that be considered way off topic on this board? I could use some serious advice on where to deposit approx. one million USD in cash please. Right now I'm getting 5% at a local bank in an MMA. <BR/><BR/>I love this website, so please don't be too hard on me. I'm sensitive.<BR/><BR/>Thank you guys very much. I appreciate this site very much.<BR/>..................................<BR/> Not sure if you are legitimate or not, but in these times, your question sure is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66268471780335979332008-01-05T02:39:00.000+00:002008-01-05T02:39:00.000+00:00Countrywide and Indymac are paying far and away th...Countrywide and Indymac are paying far and away the highest rates on CD's today in America<BR/><BR/>http://tinyurl.com/yowjfh<BR/><BR/>Now why do you think that would be?<BR/><BR/>In my opinion, these two toxic lenders are on the brink of failure. They need cash like a crack junkie needs a fix - it's life or death<BR/><BR/>The Fed via their secret auctions and the FHLB have been their supplier recently, but at one point that funding runs dry as CFC and IMB's collateral can't cover more debt, even from the reckless fools at the Fed and FHLB.<BR/><BR/>So the two junkies go to suckers on main street promising high returns and FDIC insurance. That lasts for awhile, but at one point SOMEONE in our government or FDIC notices that they're about to fail and puts a stop to it.<BR/><BR/>God forbid the media do their job and dig a bit.<BR/><BR/>Get some popcorn. When CFC and IMB fail, you know the real serious stuff has started, and it's time to head to the bunker. They'll start falling like dominoes after that.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79494327975442760002008-01-05T02:30:00.000+00:002008-01-05T02:30:00.000+00:00Forgive me if I sound dumb, but would it be pruden...Forgive me if I sound dumb, but would it be prudent to post articles here regarding safe cash equivalents or would that be considered way off topic on this board? I could use some serious advice on where to deposit approx. one million USD in cash please. Right now I'm getting 5% at a local bank in an MMA. <BR/><BR/>I love this website, so please don't be too hard on me. I'm sensitive.<BR/><BR/>Thank you guys very much. I appreciate this site very much.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37564716425130071752008-01-05T02:15:00.000+00:002008-01-05T02:15:00.000+00:00To anon 12:42am, Your ideas would solve most of ou...To anon 12:42am,<BR/><BR/> Your ideas would solve most of our major problems in the U.S. That's in a controlled environment though.<BR/><BR/> Now, how could a Leader do this with all of the other influences involved though? <BR/><BR/> That's the challenge.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6675562225503863592008-01-05T00:42:00.000+00:002008-01-05T00:42:00.000+00:00Like I said, sell California and So Arizona to the...Like I said, sell California and So Arizona to the Asians and Arabs now. We're going to lose it to the Mestizos anyway, so sell it now. I figure we can get $10 trillion. After that, pass a balanced budget amendment so we never get in this mess again. No more defending Europe, Asia and Israel. They will have to stand on their own. No more generational welfare. Anyone on welfare will be sterilized until they are off welfare. No more government subsidies for business. Death penalty for thieving CEO's and BOD's who rape the country and shareholders. Everyone who committed mortgage fraud will be forced to perform community service on the weekends or else face hard prison time. we build a border wall and pass an immigration bill that will allow more educated people to come over. Anyone who is deported and comes back will be sentenced to work on a chain gang to build the border wall. All gang mambers will be shipped off to Iraq or Afghanistan.<BR/><BR/>It can and should be done.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56684199114576327052008-01-05T00:28:00.000+00:002008-01-05T00:28:00.000+00:00If numerous banks were to go bankrupt, would the F...<I><BR/>If numerous banks were to go bankrupt, would the FDIC be capable of paying everyone who had money deposited in those banks?<BR/></I><BR/><BR/>The Fed has the printing presses and will be happy to lend us the money needed to repay our own debtsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9177868088669090262008-01-05T00:25:00.000+00:002008-01-05T00:25:00.000+00:00Yep. Student loans can't even be discharged in ban...<I>Yep. Student loans can't even be discharged in bankruptcy.<BR/></I><BR/><BR/>They will garnish your wages tooAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50427440606679208832008-01-05T00:07:00.000+00:002008-01-05T00:07:00.000+00:00The FDIC insures over $4 trillion in deposits and ...The FDIC insures over $4 trillion in deposits and has reserves of about 1.2% to cover that $4 trillion or about $40 billion.<BR/><BR/>In other words, not even close. Countrywide alone has more than $40 billion in deposits.<BR/><BR/>The US taxpayer will pay the price.<BR/><BR/>http://www.fdic.gov/about/strategic/report/2006highlight/fin_hi.htmlbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.com