Monday, September 15, 2008

MY EMAIL TO LOCAL TALK SHOW

Well, they went and did it, Fed is only lender left for home loans, and even they are tightening standards, a mere few getting best rates, most needing 20% down!

Banks make money when they lend, they cant lend, don’t have capital reserves and are AFARID to loan!

This is a wakeup call to America, like WWII this can never happen again, so you have to chase Fox out of Henhouse.. WHO was watching this all play out, the housing bubble and did nothing? The Federal Reserve system and Hank Paulson were nowhere to be found except now as they pick and choose who gets BAILED OUT and who is saved (CHINESE BOND HOLDERS)

PLEASE MENTION PIMCO HAD TON OF LEH PAPER!!!! HE is very self serving Mr Gross.

WE are heading for KOndratief Winter as it is a CONTRACTION of credit we have now and it wont turn on a dime.

WHAT FUELED ALL THESE BUBBLES was ever expanding credit.

WHAT FINANCIAL PLANNER, even JOhnathon advised clients to SELL, RAISE CASH? Instead of “invest for long haul” or “It’s not timing market it’s time in the market”

I’ve been on sidelines for some time now,, 100% cash, because I saw this coming and I wont come out of bunker until I see it is past.

This isn’t end, contagion is spreading. G-d help us. WHAT OF ALL THE POSITIONS and DERIVITIVES going to unwind? And how these frims in trouble effect that? BIGGEST BUBBLE OF ALL!

IN A BEAR MKT< STAND ASIDE

2 comments:

Anonymous said...

you got that right, but it will never happen as long as folks vote for only a two party system, vote for one of the other canidates, and over time maybe the public can be reeducated, unfortunatly, imo, it is many decades into the future, and by that time, i wont give a shit, as i will be old! lol, want a good read, justin just gave me a book , the lucifer principle, a really interesting read, i think you would enjoy it.

Anonymous said...

here is a link
http://books.google.com/books?id=YctWRSbQessC&dq=lucifers+principle&pg=PP1&ots=6nWkv8Ji0-&sig=CmsjONJBv2VhXJe0JzyfFnTjzxU&hl=en&sa=X&oi=book_result&resnum=1&ct=result