Fannie Mae Eases Credit To Aid Mortgage Lending

Interesting article for the NY Times that explains how Fannie eased credit requirements to help homeowners back in 1999:

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1

Financial Planning in a Market Meltdown

What do y'all think about this type of financial planning?

Actually, if the market is behaving healthily, the DJA will decline to 8000. A normal sine cycle would fluctuate around +/1 2000 on a baseline of 10000. This cycle should continue for at least another 30 years before moving up to a baseline of 18000 wherein it will cycle for another 40 years.

So, if you’re doing your financial planning, here is what to do, because the time is getting close.

1. Convert 90% to cash for the moment. Savings accounts or savings funds are good. Very little interest but it’s a down market and you’re not losing money.

2. When the market hits 8000, convert to equities.

3. The market will fluctuate between 8000 - 10000, and you can surf on the swells. Big bursts of money making surges.

4. When bank stocks start rising, go all in. The market will again go on a 5-6 year surge up to 12000-14000. You can triple or quadruple your money during this phase.

5. At 14000, begin to convert to cash, but there will still be pockets of equity opportunities as the DJA goes down 5-7 years to 8000 again.

6. At 10000 begin to take your profits and convert to cash or tangible assets.

7. At 8000 the cycle will begin again until we reach the year 2040.

Lies and More Lies from the Democrats

Shocking video that shows Democrats in their own words covering up the Fannie Mae, Freddie Mac scam that caused our economic crisis:

Paulson Bernanke 700 Billion Dollar Bailout Explained

Good Explanation!

Run on Bank Helped Kill WaMu, But Your Money Is Safe

Classic "run on the bank" killed WaMu:

http://finance.yahoo.com/tech-ticker/article/73415/Run-on-Bank-Helped-Kill-WaMu-But-Your-Money-Is-Safe?tickers=WM,JPM,XLF,WB,%5EDJI,%5EGSPC

WaMu becomes biggest bank to fail in US history

This is the largest bank in US history to fail:

http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/washington_mutual_future

Financial Meltdown Timeline

Here's another good video that explains what is going on:

http://www.reuters.com/news/video?videoId=91276&videoChannel=5

Dirty Laundry

This guy sums it up!

http://digg.com/business_finance/This_is_a_financial_controlled_demolition

Bank of America Acquires Merrill

No. 2 BoA acquires No. 3 Merrill. Wow! This is an unprecedented level of consolidation. What are your thoughts?

http://money.cnn.com/2008/09/15/news/companies/barr_merrill.fortune/index.htm?cnn=yes

Gas Stamps

What are your thoughts about this latest plan from the Democrats?

http://thehill.com/leading-the-news/democrats-latest-idea-gas-stamps-2008-09-11.html

Wall Street on Red Alert

This is another sign that the economy is heading into a depression:

Lehman says it will file for bankruptcy. Fed and 10 strong banks expand lending to weaker players. Plus: Bank of America and Merrill strike a deal.

http://money.cnn.com/2008/09/14/news/companies/lehman_brothers/index.htm

Bailouts Will Push US into Depression: Manager

This has been my view for a while now. If the markets can/will not bail out the government, then the dollar may collapse and the US may experience another depression. This may set up the conditions for the government to bring in the Amero and the North American Union which I think has been the plan all along:

http://www.cnbc.com/id/26656750

Lehman suffers nearly $4 billion loss

Will any investors help out Lehman or will they meet the same fate as Bear Stearns?

http://money.cnn.com/2008/09/10/news/companies/lehman/index.htm?cnn=yes

Here's an email that I received about this situation:

"Lehman Brothers’ shares are crashing. The stock closed at 16.20 on Friday. As we write this alert, it’s trading at $9.80, signaling a major new collapse could be on the immediate horizon. If we’re right, this debacle is going to be several times worse than the Bear Stearns disaster of last March. In a last act of desperation, cash-strapped Lehman was in meetings with the state-owned Korea Development Bank trying to sell its profitable Neuberger asset management unit. But those meetings have now broken down. Its last hope for survival seems to be down the tubes. But Lehman isn’t alone ...Washington Mutual to its CEO: “Pack up your desk. You’re FIRED!” Kerry Killinger, the CEO responsible for nearly bankrupting the bank was canned yesterday. At almost the same time, WaMu took the first step towards failure, filing a memorandum of understanding with the U.S. Office of Thrift Supervision.Unsurprisingly, Washington Mutual stock plunged, bringing its total losses for the year to 70% of its market value.Wachovia admits to bigger woes in its $122 billion options ARMs portfolio. In a shocking revelation, Wachovia announced that 23,600 of its loans are going bad, and a whopping two-thirds of borrowers with options ARMs are opting not to pay the interest and principal due each month."

Homestead Strike

I thought that I would add this to this blog for a good history lesson about strikes in America. I didn't realize that management in these industries could be so cold blooded toward the workers back then:

http://en.wikipedia.org/wiki/Homestead_Strike

More history details about yellow dog contracts:

http://en.wikipedia.org/wiki/Yellow-dog_contract

U.S. seizes Fannie and Freddie

What are the implications to the economy as a result of the Feds taking control of Fannie and Freddie?

http://money.cnn.com/2008/09/07/news/companies/fannie_freddie/index.htm?cnn=yes