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justme
2009 Feb 19, 8:28am
Correction:
PP, so then why did the people NOT show up in Napa for a “romantic weekend�
Peter P
2009 Feb 19, 9:30am
PP, so then why did the people NOT show up in Napa for a “romantic weekend�
Napa is quite expensive. Perhaps people want to save money.
Need to market my "Mind, Body, Spirit - How to date a girl for free" video. :)
justme
2009 Feb 19, 10:16pm
Well, if you don't consider so-called "fine dining" an expense, then you may be correct, or at least up to a point.
justme
2009 Feb 19, 10:23pm
Close your eyes, and imagine you are geting a spoonful of Creme Brule...
Peter P
2009 Feb 22, 8:56am
Only one event this Bank Failure Friday?
Yes, only vanilla creme brule.
justme
2009 Feb 22, 11:33am
http://www.ft.com/cms/s/0/806418a0-0140-11de-8f6e-000077b07658.html
Citi is trying to force the US taxpayers to convert the taxpayers ownership of preferred shares (purchased under TARP-1 in Oct/Nov) into common shares.
The motivation is obvious:
1. Citi does not want to pay back the preferred shareholders (THAT's YOU!!) the principal, nor the interest.
2. Citi wants to convert the preferred into essentially worthless common stock
3. Citi is going to ask for another capital injection in the form of selling preferred stock to the public (US taxpayers), but not until the previous batch of has been made worthless.
JUST SAY NO !! Under TARP-1, Paulson overpaid tremendously for the preferred stock, thereby shifting the losses to the taxpayers.
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So home prices are down, gold price is up, and Europe is facing economic collapse...
What should we do? What are the best investments? What stocks/currencies/bonds/commodities should we short?
We must think for ourselves because nobody else will care.