Comments on: JPMorgan Agrees To Buy Bear Stearns

Despite Deal, Asian Markets Falter In Response To U.S. Financial Insecurities

[Latrocinor]

Did my post SAY I thought they cant? no, it simply says the SCHEME was invented and started in the 1920s, where do you read that I said otherwise?

Posted by newsterl at 10:59 PM : Mar 16, 2008
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I apologize, I did read into it. Good call.

[newsterl]

...the crazy loan scheme invented in the 20''''''''s where you paid 10% down on stock but the catch was they could call in the loans on 24 hour notice,...

Posted by newster1 at 10:41 PM : Mar 16, 2008

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So you think they still cant? Read the fine print.
Posted by bhoogren"

Did my post SAY I thought they cant? no, it simply says the SCHEME was invented and started in the 1920s, where do you read that I said otherwise?
You paid 10% down to control 100%, the catch was they could call in the loans to be paid within 24 hours. You have a similar scam today in mortgages with balloon or adj rates- people dont READ the fine print, so comes the day when their $450 payment suddenly becomes a note for an immediate payment of $12,000 due for your *balloon* payment, whats a balloon payment? OOPS you didnt read the FINE print when you bought the house did you?

See, Im smarter than that, I made SURE my mortgage was fixed rate with NO penalty for prepayment, then I paid it off in 6 years with double payments- the extra put on the prin. THAT my friend is how you buy a HOUSE and more importantly- how you STAY there thru think or thin.

[Latrocinor]

Our sales are up from normal

[nothappyatall]

mcv57; in a major breakdown like the depression but 10 times worse, paying your property tax (or the county even trying to collect any) would be the LEAST of the problems. MY taxes are $125 a YEAR on my house with 1/2 acre of land.
As far as food, electric and gas etc. a single person does not eat a lot of food, thus a closet full of sealed canned goods would keep for years, as would dry bulk foods like rice, spaghetti, flour.
Electric can be generated without a power company pretty easy if you know the basics.
We may be in the same boat but when the ship sinks, I''m going to be the one who has a floatation device, it ight be cold, difficult etc but on the other hand, the ones who have the $1500/mo mortgage, cant screw in a lightbulb without help, have to call in a plumber to fix a leaking faucet- the Al Bundy types. Those in debt to their eyeballs are the ones who will be like folks in the bottom level of the titanic sealed in by waterproof doors unable to escape- those are the ones who will ''drown'' in a month and sink to the bottom along with their SUV''s.
THIS year is probably the best/last opportunity to take action to ensure you HAVE a stockpile of what you need.
I dont work for a paycheck, I have an on-line business that does well, the downturn in the economy hasnt affected my sales in the least

[Latrocinor]

...the crazy loan scheme invented in the 20''''s where you paid 10% down on stock but the catch was they could call in the loans on 24 hour notice,...

Posted by newster1 at 10:41 PM : Mar 16, 2008

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So you think they still can''t? Read the fine print.

[nothappyatall]

You DID notice that the dollar is devaluating against every other currency havent you? Now the Canadian dollar which was worth about 70 US cents is worth MORE than the US dollar, the british pound was worth about $1.50 is now worth about $2, as the US dollar continues to devaluate remember that the dollar is no longer backed by GOLD as it was, it''s all just paper now since 1933

Go WATCH this 5 part movie that details all you need to learn about the Fed Reserve bank and its history, who was behind its creation and the panic of 1907, the crazy loan scheme invented in the 20''s where you paid 10% down on stock but the catch was they could call in the loans on 24 hour notice, they were, and the end result was the crash of ''29

JP Morgan, Rockefeller and others were involved in this banking scheme, JP Morgan- the FOUNDING guy whose name is on the conglomerate in this article- JP Morgan-Chase

http://www.youtube.com/watch?v=_dmPchuXIXQ&NR=1

[Latrocinor]

Whereas insolvent banks in the United States were typically detected and shut down quickly by bank regulators, Congress sought to change regulatory rules so S&Ls would not have to acknowledge insolvency and the FHLBB would not have to close them down.

Savings and Loan Crisis
From Wikipedia, the free encyclopedia

[Latrocinor]

I''ll answer it, they won''t. The government will back it up just like Bear.

Also there are significant checks and balances to preven "runs".

It takes a run on liquidity to cause this. There are certain levels of liquidity where certain safeguards kick in.

This sounds like one of those Y2K website things.

[Latrocinor]

Running out of money is a obvious no brainer. How do they run out of money?

[mcv57]

Please explain how the FDIC can go bankrupt?

Posted by bhoogren

Can''t get into the details. I recommend you research the S & L debacle of the 1980s. Yea, they ran out of funding and guess who flip the bill - you guessed it, YOU, the taxpaper.

Good nite.