tax payers bail out aig-thank you!

P

patrick and linda

New member
what a great system we have today. for-profit companies mismanaged by over paid executives, run the company in the toilet, no one on wall street would bail them out and who comes to the rescue, the good old taxpayer, thanks to the crooks in public office. dow's down 300 pts, could easily be a 1000 pt reverse for the week, oh well, mccain and palin, yeah, there's the fix, or obama and biden, take your pick!
how's all this tie in to boating you ask, i'm not sure, just venting my frustration at how our economy is heading, south, at big wake speed!
hope your days is going better than mine!
best regards to all,
pat
 
Yeah, those golden parachutes for executives and big companies sure do suck...

Wish I knew the answer. Clinton didn't have it, Bush certainly didn't.

Warren
 
Captain Pat,
I'll use your words "Don't jump off the bridge just yet". It just goes to show you you can't get away with robbing a bank with guns, but you can rob it from the inside. The housing market boom we saw we are now paying for. I'm thinking depression including my own. I mean where is the gov getting all the money from with record deficits? The war in Afganistan and Iraq no matter how noble is a pretty pricey conflict. Bear Stearns, Leyman Bros. not exactly small potatoes. There's more banks and financial institutions going to fall. Maybe better invest in paper cause the gov is going to have to keep printing mo money for all these bank failures. It's time to put away the policical correctness and stop letting people ride for free. I'd be taking those CEO's houses boats and any money and possessions they had to set an example for the other low lifes that have been stealing everyone blind. Social security has to stop giving money away to folks that never paid in to it in the first place. Have the immigrants call the ACLU if they need money. We need to start to hold people (politicians especially) accountable for their actions. I'm thinking it's going to get worse before it gets better. Man I lost there a little didn't I
D.D.
 
d.d.
i'm on the top of the bridge looking down, ready to jump, unfortunately my cell phone is ringing, it's the office and they need me back there. so, have no time to jump now. will consider another day.
the fdic has 110 banks on a short list of those that are one step from failing and wall street is thinking there's at least 1000 that will not survive the next two years.
will it get better, absolutely, but boy does it suck right now.
i agree with everything you stated. thanks for remembering my words, i knew that would come back to bite in in the butt.
best regards
pat
 
Hi Folks,

While all this crap is going on, I have my little Inn going on Nantucket. Sheila and I are having a good year. So good that Sheila can not see why I want to sell.(Maybe something to do with all the stories of people cruising with their C-Dory's.) The bank I deal with is called Nantucket Bank. There are 20+ Foreclosures on Nantucket. Not one from Nantucket Bank. Says something about Yankees and how they run things.

I read about these guys who loot companies and get away with it. Some don't. Koslowski is now residing in a 8 by 10 cell in New York. He had a big house on the ocean on Nantucket.. His second wife is somewhere around, having divorced him. We can remember about Kenneth Lay. The thought of jail scared him to death. This shows that sometimes our government holds people responsible. That is what we need.

We have a couple of developers fixing up resort properties into condolets. One isn't doing any work because we think he has not paid his contractors. He has not paid the contractors because nobody is buying his condolets. Price for a piece of the Island. $1,600,000.00.

An example of what has been going on. I have been following a 1960 apartment/condo development. Last spring I read about a couple of condo's changing hands to banks at $230,000.00+. Never in the history of this apartment/condo development was a condo sold for more than $200,000.00. What happened. The mortgage broker told the realestate appraiser the price he wanted the property to be evaluated for. If the appraiser didn't come through, the mortgage broker found one that would. Word gets out, and more business comes the way of the mortgage broker. I have not read yet where an appraiser and mortgage broker being indicted yet. That is where the problem came from.

Just some thoughts from a C-dory lover. (I must be smart if I own a C-Dory.)

Fred
 
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