Sell. Sell. Sell.
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Re: Sell. Sell. Sell.
I really feel for the poor bastards in the southeast. This on top of the gas crisis must really make them feel like the world is going to end.Push the envelope, watch it bend.
www.kansascitytechno.com
Wakarusa Dj Winter Classic Mix Submission Feb 2011Comment
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Re: Sell. Sell. Sell.
@ dancing queen
no. if anything, we need to return the liquidity to the marketplace. all this is based on a giant sell off of stock which lead to the massive shortages of cash on hand.
to put it better... i have been using this...
remember the movie"its a wonderful life".. how all the people ran up to jimmy stewart and demanded thier money ?? thats called a bank run.. that's what happened in 29.
today, the safe from jimmy stewart's bank is the stock holdings of these companies, as they are not operating on the township level, but on the global level. people ran the bank by selling stock based on a monster over-reaction of thinking the banks were holding a ton of bad debt, well they arent, it is literally less than one %, and furthermore what the media isnt telling you people, is that the bad debt is ensured by the Federal Housing Association anyway, and now the FHA is planning on buying bad debt and sitting on it, allowing the debtors to pay it back at a cheaper rate and longer term, still making a profit. it was the investing public that demanded that the bonds these loans are collateralized to be paid in full, and hold a better performance.
and to clear things up further. sub prime lending is MASSIVE. bascially it is any mortgage underwritten above 95% of home value, for anyone with a 620 or lower mid score of the 3 reporting bureaus in the US, any ARM, anything mortgaged above 417600. (which, accounts for pretty much every home in lower NY, california, any coastal state, florida etc)your life is an occasion, rise to it.
Join My Chant. new mix. april 09. dirty fuck house.
download that. deep shit listed there
my dick is its own superhero.Comment
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Re: Sell. Sell. Sell.
^^^ Thanks for the info Sean!
Between speaking with you and someone at work, I have a pretty good understanding about how this all ties together now....hopefully things continue to climb back up like they did todaysigpic
RIP Steve "Jibs" James - Your footprint is forever on my soul and in my heart xoxo
RIP Jeff Shewchuk aka DJ Jeff Taylor (day_for_night) - You will live on in my heart forever xoxo
Life isn't about how to survive the storm, but how to dance in the rain.
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you could put an Emfire release on for 2 minutes and you would be a sleep before it finishes - Chunky
it's RA. they'd blow their load all over some stupid 20 minute loop of a snare if it had a quirky flange setting. - Tiddles
Am I somewhere....in the corners of your mind....
----PEACE-----Comment
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your life is an occasion, rise to it.
Join My Chant. new mix. april 09. dirty fuck house.
download that. deep shit listed there
my dick is its own superhero.Comment
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