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Originally posted by RolandBrichter
Originally posted by GreenBicMan
Well, if I am being hasty from day 1 on this thread I think I said I hate people being misinformed/mislead and I would be here to try to clean that up. Seems like most of that is gone, and seriously I really dont mind the opinion, but when I think it is pretty much made up/outright lie - then I logically in my mind must write off a lot of what he says
Funny, I feel the same way about a lot of what you post....the term "pumper" comes to mind.....at least guys like KD link their opinions to actual economic numbers, as opposed to EVERY MSM bubblevision source that can only yell "GREEEEEN SHOOOOTS!!!!!"...
Yes, he can be dramatic, but when you combine what he is trying to impart with other very respectable sources outside the bankster's control, he is spot on.
BTW, he started his public warnings during the tech bubble because what the market was doing had no correlation to reality..(sound familiar????)...and he called that collapse as well...if you paid attention to him like I did back then, odds are you would have saved yourself a nice chunk of change...you might do well to listen to him this time.
[edit on 5-8-2009 by RolandBrichter]
Failed Bank List
Community National Bank of Sarasota County Venice FL 27183 August 7, 2009
First State Bank Sarasota FL 27364 August 7, 2009
...you didn't offer him a coupon for the up-coming Golden Slacks, "Here's yer Wad", Picnic and Isle buying outing?
Originally posted by stander
reply to post by Rockpuck
These are the pearls decorating the times of present:
Aug. 7 (Bloomberg) -- Congress sent President Barack Obama an emergency measure giving $2 billion to the “cash for clunkers” discount program, which lawmakers said was helping ailing automakers and the U.S. economy.
Why would this environmentally-oriented idea be called "an emergency measure?"
* Net income for the second quarter of 2009 was $768 million. After the dividend payment of $1.1 billion to the U.S. Department of the Treasury on the senior preferred stock, net loss per diluted common share was $0.11 for the quarter.
* Net worth at June 30, 2009 was $8.2 billion. As a result of the positive net worth, no additional funding from the U.S. Department of the Treasury was required under the terms of the Senior Preferred Stock Purchase Agreement for the second quarter. The positive net worth includes a $5.1 billion increase to total equity reflecting the April 1, 2009 adoption of FSP FAS 115-2 and FAS 124-2 relating to accounting for security impairments.
* The second quarter 2009 results were primarily driven by:
o Net interest income of $4.3 billion;
o Gains on the company's derivative portfolio and guarantee asset of $4.2 billion, mainly related to net mark-to-market gains due to increases in long-term interest rates;
o Net impairment of available-for-sale securities recognized in earnings of $2.2 billion, also reflecting the adoption of FSP FAS 115-2 and FAS 124-2; and
o Provision for credit losses of $5.2 billion.
* Freddie Mac continued to support the recovery of the housing market. During the second quarter of 2009, the company:
o Provided $171 billion of liquidity to the mortgage market, helping to finance more than 720,000 single-family homes and nearly 100,000 units of rental housing;
o Helped refinance approximately 28,500 loans under the Freddie Mac Relief Refinance Mortgage(SM); and
o Helped approximately 45,000 borrowers stay in their homes or sell their properties, including approximately 16,000 borrowers who were placed in trial period payment plans under the Home Affordable Modification program.