« First « Previous Comments 41 - 45 of 45 Search these comments
I think you are missing the point. I'm just trying to point out that what people like you are striving for and have not yet experienced, is not all it's cracked up to be. I'm passing on my opinion based on my experience. Owning a house is a novelty that wears off. The joy of ownership might go away but the upkeep expense will certainly not. You've been sold an idea that's bogus. You dont need to be a debt slave home owner.
I DONT WANT TO SELL MY FRICKEN HOUSE! All I'm saying is that they are a lot of work. I didn't ask for the house. I didn't work hard to buy the house. I just got an extra house all of a sudden and now I need to do the most prudent thing. That happens to be a lot of work under these conditions. I dont need to sell the house in the way many people NEED to sell their house in this environment. I will not compete in that market if I dont need to. I'm basically stuck doing a bunch of work because the alternative is to sell a house in the worst housing market I've ever experienced and I'm in my 50's and have seen several downturns. I dont expect any sympathy nor do I need any. All I'm saying is that having a few houses right now is not all it's cracked up to be.
I hope everyone in California turns out to the polls today. Although I haven't a foggiest how you all should vote.
Thomhall,
That is a great idea. Somehow I didn't think of that. You are a very fart smeller. The world needs more smart fellers. Thanks!
Headset,
>>McCain proclaimed a pro-immigrant stance saying the illegals were only doing the work the union membership was unwilling to do. He was nearly booed off the stage.
He was booed for the very explicit insult to the union members, and not for proclaiming support for immigrants.
(I thought I posted a reply two days ago, must not have hit "submit" properly?)
« First « Previous Comments 41 - 45 of 45 Search these comments
After watching the PBS show about Bernie Madoff's Ponzi scheme my conclusion is that Bernie Madoff was simply serving just desserts to his "clients".
The people who invested with Madoff were all:
They assumed that since Madoff was a big market-maker, he was "front running", or trading stock for himself and his clients using non-public information about what others were willing to bid or accept. Front running is illegal because it corrupts the stock market by making stock prices and stock brokers untrustworthy.
It must have been quite a surprise to find the crime was not front running, but just a simple Ponzi scheme! Ha!
The psychology of the Madoff scheme was just like the Nigerian scam letters in that the mark agrees to play along with something illegal. This keeps the mark quiet. The Nigerian scammers ask you to participate in foreign corruption. Bernie asked his victims to participate in American corruption. Either way, the mark is reluctant to talk because he himself was trying to do something illegal at public expense.
The scary part about the Madoff affair is how corrupt the SEC was proven to be. Not only did they fail to detect Madoff, but even when Harry Markopolous shoved compelling evidence in their faces they ignored it. Bernie seems to have had lots of help from inside the SEC, which means you can most definitely not trust the US government to regulate financial markets fairly.
Patrick
#crime