patrick.net

bgamall4 says

Everything. If you can't get your cash out, they can collect the interest. If you had the choice of taking your cash out you would not pay a damn bank to keep your cash. You would buy a safe!

People have the choice of taking out their money now and in the US they pay the bank to handle their current accounts, don't they? And without interest on those accounts.

I can't tell which comments are sarcastic and which are real. Maybe in addition to "Like" and "Dislike" flags we need "Sarcastic" and "Genuine".

bgamall4 says

Janet Yellen says the Fed can't regulate it, but wants congress to regulate it, and then the Fed will tell congress how to do that. I am telling you, they want a NWO worldwide currency!!

Think so too, it's not that they can't, it's that they don't want to.

Hey bgamall got you a little rhyme, since it's Dr. Seuss birthday based on Fox in Sox.

Here is a new trick Mr. Gox.
Bits to dolts and bits for bucks.

Call it Crazy says

How about these states???

Is Rockford a state? When did that happen?

bgamall4 says

But if both banks had negative interest rates it wouldn't matter much. You still pay the banking system for the privilege to leave your money with them. So the other bank needs a bailout, so what? Usually a big run on banks is because the entire banking system is in jeopardy because of failure of interbank lending.

That's a completely different issue. If you leave your money in the bank (as people do whilst getting charged for current accounts), then that is your choice. If you don't like it, put your money to use elsewhere.

The news today is reporting that Mt. Gox has "lost" bitcoins numbering six figures, belonging to both them and their clients.

How do bitcoins get "lost?" What does this do to the advancement of virtual currencies in general?

It would help if you copied the title of the chart so we know what we're looking at. Is it median price, zillow home value, etc?

bgamall4 says

Ah, so you have to take on risk and put it to use. Sorry, they can crash those markets too, Bigsby. Now I think you are a Zionist again. Only banksters think like that.

You're a conspiracy nut. I'd have thought you'd love to put it into gold bars and stuff them under your mattress. And what do you think people have been doing with their savings since interest rates went into freefall? What do you imagine they'd do if those rates went negative?

bubblesitter says

This year is starting out exactly like last year. When are you and your buddy going to get tired of being wrong?

Keep your band wagon moving, with all your graphs. Reality on the ground is different cuz I see em in the redfin listings in my area, and in the open houses, offers are drying up, listings are repeatedly coming back on market after going into pending.....can't hide the truth behind your graphs...go check it out yourself....outside of Concord.

Call it Crazy says

Sorry dude, but you're wrong again. The chart was sales, not estimates. Plus, it's their one year chart, I didn't cut anything off.. Run their one year sales not estimate chart and prove me wrong.

You cut off the title of the graph, dude.

bubblesitter says

Keep your band wagon moving, with all your graphs. Reality on the ground is different cuz I see em in the redfin listings in my area, and in the open houses, offers are drying up, listings are repeatedly coming back on market after going into pending.....can't hide the truth behind your graphs...go check it out yourself....outside of Concord.

Let me translate:

"My anecdote beats your data."

Call it Crazy says

You want me to do all your work?? A few clicks of your mouse and you can find it. It's public data...

Huh? I want you to actually include the title of the graph that you post on here. That's not my work. That's YOUR work.

I thought he was a Zionist?

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Friday, February 28, 2014 __ Level is 104.2

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

Sooooo, if G.W. Bush were to pull the mask off Darth Vader, he would find his grandfather?

"Nooooooooooooooooooooooooooooooooooooooooooooooo!"

People accessing their financial accounts through their phones are looking for problems.

Putin could place nuclear missiles in Cuba,Iran & Syria at their request & tell the U.S. that:
"Any violation of their sovereignty and territorial integrity would be deeply destabilizing," & "profound interference".

Fuck the Democrats,Republicans & any other U.S. warmongers Because they don't care if America gets fucked. Maybe they can bring war to the front door of every American.

Einstein:"I do not know how the Third World War will be fought, but I can tell you what they will use in the Fourth — rocks!"

anonymous says

If Crimea decides to secede from Ukraine—especially with what appears to be direct efforts from Russia to help that happen—there's almost nothing Ukraine or anyone else can do to stop it.

Crimea is a peninsula and Ukraine controls the neck of it. If it decides to build up forces there, it can do so much quicker than Russia could do it via air and sea. So, technically speaking, there is lots Ukraine can do to stop it, IF there is a political will to do that.

Straw Man says

anonymous says

If Crimea decides to secede from Ukraine—especially with what appears to be direct efforts from Russia to help that happen—there's almost nothing Ukraine or anyone else can do to stop it.

Crimea is a peninsula and Ukraine controls the neck of it. If it decides to build up forces there this can be done much quicker than Russia could do it via air and sea. So, technically speaking, there is lots Ukraine can do to stop it, IF there is a political will to do that.

And there is a lot of Shock & Awe that Russia can inflict on Ukraine.
I heard that Russia has missiles & aero'planes.

HEY YOU says

And there is a lot of Shock & Awe that Russia can inflict on Ukraine.

I heard that Russia has missiles & aero'planes.

Ukraine has plenty of these too. And very robust air defense system. Do not confuse it with much smaller and weaker Georgia.

Darth Vader was never as evil as a Bush. G.W. Bush & Republicans rhyme with the Death Star on 9-11. The Death Star was a failure & so was Bush/Reps.

APOCALYPSEFUCKisShostikovitch says

Guess what? Your data is already gone!

And your money is worthless.

But is the new political party in Ukraine in control,of the Ukranian military yet? I have been wondering that. Any answers to this.

casandra says

But is the new political party in Ukraine in control,of the Ukranian military yet? I have been wondering that. Any answers to this.

So far looks like it is in control.

I love this Putin guy: he's like me, but with smaller labor camps and better media managers.

Plus, right-wing Americans love him!

Call it Crazy says

I wonder who wins in this duel???

http://www.youtube.com/embed/Cn8FPOt2uZM

jojo says

Yes, but I think there is a 43% DTI rule that is now in place. So there are limits to the credit expansion.

The qualified mortgage rule attempts to define “safe” lending standard. The general number to remember here is 43%, which is the maximum debt-to-income ratio to qualify for a loan.

As with anything in the mortgage industry, the small text is a bit more complicated.

“The 43% debt ratio is what everybody has latched onto,” said Central Coast Lending owner Daniel Podesto. “There is a big ‘or’ that goes into that statement as well.”

“The loan has to be ‘qualified’, or meet Fannie, Freddie, or FHA standards.”

As Podesto goes on to explain, Fannie and Freddie qualifying loans can go up to a 50% DTI (with approval), FHA will go up to 57%, and VA will go to 60%. HARP loans go even higher.

Lenders that fail to meet these threshold will be subject to a 5% stake in the loan before selling it on the secondary market, which gives them incentive to manage risk effectively.

http://www.centralcoastlending.com/2013/10/mortgage-rules-2014-fees-cap-qualified-mortgage-loans-expensive/

Idiotic

Obama does a lot of warnings, most are PR stunts for the public, since often those being warned are well aware of the emptiness in the actions behind words.

He's been acting like a king lately, not exactly someone who is taken seriously diplomatically. I just don't like that he has taken that attitude with us too, I don't care what he says to others... but he hasn't been treating America any better.

jojo says

This is what our country has become, paper pushers and gamblers looking for the next fix...(er...I mean innovation).

Very true, just by looking at the market cap data in the below link, the financial sector makes up 33% of the the total capitalization of the markets.

http://biz.yahoo.com/p/s_mktu.html

Follow the money.

Iosef V HydroCabron says

Plus, right-wing Americans love him!

Oh we love anybody who keeps Obama in his place...

Obama should ask Bush for help with Ole Puttie Poo.

Substitute realtors with left wing politicians (nancy pelosi, f u schumer, barbara boxer) and I will buy.

bgamall4 says

Now the only way house prices won't crash is if they do the easy money loan thing again. They can do that, drive prices up, crash the hell out of it and the investors will come back.

Life is a bitch.

Nope...will never happen the Banks are absolutely with out a doubt 110% still totally insolvent ...that would be the final straw for this fragile economy!

It could be called Grand Theft Realtor!

If you chainsaw nuns, you get bonus points!

Why the dollar will not crash

1. USA has energy and food independence
2. USA has strong national security
3. Interest rates will remain low while the deficits shrink
4. Inflation causes the debt to decrease relative to tax revenues
5. Increase in tax revenues due to increase in capital gains tax receipts
6. Eventual pay down of the debt in a few years because of the above conditions

Ceffer says

If you chainsaw nuns, you get bonus points!

What do you get if you slice pelosi in half?

indigenous says

Ceffer says

If you chainsaw nuns, you get bonus points!

What do you get if you slice pelosi in half?

You wouldn't want to do that, she might multiply.

A wood chipper feeding and incinerator might work.

Banks insolvency problem will be solved by the Federal Reserve providing further quantitative easing.

bubblesitter says

Waiting for the next comment. "The zerohedge guy is an idiot"

Ok I'll say it. Going from 5% to 8% then back to 5% isn't blowing a bubble then crashing or anywhere close. Get a grip. They grabbed all the low hanging fruit and are now trying (pretty unsuccessfully so far) to consolidate and manage what they bought.