What happened was 'risk' was removed from the equation. If you went to a casino and knew that someone was going to make good your gambling losses no matter what when you left, what do you think would happen.
Every Tom, Dick and Mary would cram in there and stay as long as they could. They did.
People bought houses with no money down - then withdrew money from the house like it was an ATM.
Mortgage brokers made grand fees and commissions for selling the mortgages and loans then promptly gave them to the bank.
Banks bundled and sold off the mortgages to Wall Street. They collected their share and offloaded the risk.
Wall Street took the bundles of mortgages bundled them up with more bundles then sliced and diced them into nice packages of rated bonds. In the process Wall Street collected billions in fees and commissions.
Pension Plans, Banks, Credit Unions and everyone else bought these bonds without analyzing - super safe and producing nice returns. Now they lie there stinking like dead fish.
So, the government steps in, says the market is no longer working, and we'll buy that toxic paper for ... let's see, hmm, ... well, whatever you think you need!
What a scheme! Tell me I'm dreaming, please!
Aren't there any politicians with any basic economic sense. Very few as it turns out.
I have never really bought into conspiracy stuff but www.shadowstats.com and www.austrianenginomics.com opened my eyes a bit in some areas. So I began digging myself. Most of there numbers are, for the most part, are fairly close to reality. Mainly in the area of the governments debts and obligations.
I believe that fanny, freddy, and the other bank troubles are revealing a over all, larger, problem. And that problem is Debt. both public and private. These debt issue go back a long ways but have key events that have led us to this point.
well I got to go play with my kids... maybe I will post more later.
For those with boys and men in the house, you know how stinky the bathroom can become after awhile. Regular household cleaners just weren't getting that smell out. Now, I throw baking soda on the floor and scrub it in with a wet scrub brush (around the toilet, the floor boards) and let it sit until it dries. Then I vacuum it up (you have to use a dry scrubber to get all the baking soda up). It completely eliminates that smell. Love it!
My mom is in a nursing home and she loves chocolate. She is 92 and tends to drool, so therefore we have chocolate stains on nearly every shirt she owns. Can I get them out???
Wall Street reacted to the "bailout" by dropping another 157 points.
I'm not sure where this rescue plan gets us. There does not appear to be any provision to rein in the marketing of subprime loans. Sure they're not being sold now because credit is tight but if the markets loosen up again I don't see any reason why banks won't be able to sell more risky loans and offload them on the Feds. They'll call it "stimulating demand" or some other such rubbish and point to re-rising home prices as an excuse to securitize more bad debt.
Meanwhile us taxpayers are on the hook for $800+ billion we don't have.
My wife and I have become much more frugal when it comes to birthday parties for our daughter. For our older daughter's first few birthdays, we had large bashes where we invited everyone we knew, down to people we had met a few times at church. We spent a lot of money on gifts and activities that our daughter will never even remember, because she was so young.
In recent years we've gotten better, but my wife still insists each year that we have a pinata. I don't get why, since every year that we've had one, we've always forgotten about it until the very end. Then, at the point when kids are ready to go home and parents are ready to take them, we're rushing around trying to put it up, make sure everyone has a bag, make sure everyone gets a turn, and then make sure everyone gets enough candy.
And of course, generic pinatas aren't good enough -- we have to have whatever character our daughter is into at the time, whether it's Dora, Disney Princesses, or (the latest) Hannah Montana. Then there's also the expense of the candy to fill it up.
I told my senators and representatives that I will not be voting for them if they vote yes. I needed more time to review the bill before I could accept it. I encourage every person to make a follow up call/email to their representatives to let them know where your vote is going when they are up for re-election.
One thing that most people are not really getting here is that who care how well its gonna handle in an accident with an SUV. I mean common no better then your standard passenger car is gonna handle up against a semi-truck. And a motorcycle is a heck of a lot less protected against crashes than the iunit. I think it is an incredible idea and if they can incorporate at least a little bit of storage and slightly faster, Then it could be an excellent way to travel around. In conclusion i think it looks like a beautiful piece of art and kind of fun, and i would certainly purchase one myself if it was available.
if u have a big zit dab teatree oil on it with a Que tip and it will dry it out overnight it works great and is a natural way to get rid of a zit and doesn't scar like some zit creams. also i usally have puffy bags under my eyes and cold wet tea bags really help and they make u feel nice and fresh too. does any1 have any other tips for puffy bags under their eyes?
Thanks for linking me to this! I got three mini-mascaras, a mini lip gloss, a regular lip gloss, a lipstick, the three samples and the bonus gift for just under $30. Ordinarily it would have been $60!
Bush, Obama, Palin, Biden, McCain -- they're all in on it together. The free market is dead, even though it was governmental restrictions that caused the problem in the first place. It's really disgusting.
And the cause of the problem was basically in two parts:
a) People ignoring the logic of math in their finances. Logic works; we need to deal with it.
b) Statist restrictions. The government encouraged the problem by implying a "too big to fail" system early on, and while also passing tons of laws /encouraging/ the loosening of credit for the poor. The government tied the hands of the market down, watched it fail and then smirked -- that's not proof that the market failed. That's proof that the government failed.
That said, there's money to be made for the long haul. Stocks are cheap. Time for some value buys. ;-)
You know you don't have to save receipts to take the sales tax deduction, the IRS has tables you can use instead based on income (and you don't have to itemize either.)
You know, Wednesday I sent a letter to my darling senator Sherrod Brown here in Ohio, and you should see what I got in return. The way I saw it, it was basically a "Piss off, I know better than my constituents" if I ever saw one. So much for representing the public instead of the Big Money Wall Street guys. Great to know the system works, huh?
Life's about to get interesting. Want to bail and go open a rum distillery in the Virgin Islands with me? Anyone?
Marty did the same to my client and we just got a call from another broker where the same thing happened to her client
He promises the world.. issues a bogus letter of interest to get the client to pay then disappears. You can't get him to call or return emails. Once you get heavy handed with him he finally replies and to tell you because you demanded a response from him he is killing the loan and then refers you to his attorney.
This guy needs to be stopped. I'll definitely be in touch with you. I feel like billing this clown for my time and energy wasted because of fraudulent claims that he leveled about his ability. i have lost clients and my rep. has been tarnished.
Whoa, you can get a C-section for $24K? My bill (c-section, 4 days hospital stay, plus I suppose a little extra for that dratted endocrinologist they sicced on me because I'm diabetic) was FORTY THOUSAND DOLLARS (Southern New Jersey). Thank god we have good insurance.
Other than the $1600 I paid out of pocket for delivery, though, we spent about $300 total on baby stuff. I inherited all my sister's boys' clothes, bibs, bedding, and burp clothes, as well as a bassinet. Somebody nice gave us a swing, which I didn't think we needed, but it really has been a big help (baby likes to be in constant motion, and sometimes I really DO have to set him down...), and his grandparents gave us a crib. The only things I had to buy were a car seat and cloth diapering supplies. Someone did give us a stroller, but baby usually rides around in a pouch sling or a mei tei (I sewed these... you do want to get sturdy fabric and good thread, but even so, you can shop carefully and make a carrier for about $6)
As for indulging in cute outfits, I highly recommend sticking with pants or little jumpers with adjustable button straps at the shoulders (buy or make the pants a little long... babies' waist measurements don't change very quickly, so you'll be able to use them for months). I like to sew, so I get cheap entertainment and a little "me" time by making baby stuff-- good way to use up scraps and recycle fabric.
Sarah's absolutely right. I managed to ruin a nice Banana Republic polo by using a type of Old Spice antiperspirant in combination with Tide's "color-safe" bleach. The bleaching was activated only in areas of the shirt that had absorbed the antiperspirant, and was subtle, so I didn't notice it until five or six washings. By that time, it was too late.
I always wear a blouse and skirt or a conservative dress, whether at the office or at home, so I don't have to double up too much on clothes. I keep a plain black blazer and one pair of black pumps in my office, just in case I have to look "dressy" for a client. And I make a point of changing out of my good work shirts before the baby pukes on me. :P
What I don't make myself, I buy at thrift stores or off the clearance racks. I'm an odd shape, and if I'm going to have to alter a garment anyway, I resent paying more than $10 for it.
I also NEVER ever buy anything white, cream, or pastel, as I know that I will destroy it the first time I wear it. Blacks, browns, and prints hide coffee and fountain-pen booboos pretty well. It helps to know the colors that work for you and buy only pieces that go with those colors. Preferably, something you can wear with two or more items already in your wardrobe. Buy only things in cuts that suit you. If you're not comfortable in a straight skirt, don't buy it. A nice A-line skirt is still office-appropriate and much more forgiving on "fluffy" days. As long as you get good fabric and forgo whatever weird ornamentation the current fashion calls for, a basic skirt can last for years.
I have to have a suit for court, which is an aggravation, because I wear the darn thing perhaps twice a year, and I always have to take something in or let something out before I wear it in public (I made it, so I made sure it was readily alterable). This is also the only dry-cleanable item I own. If I can't wash a garment (by hand or machine) there's no point wasting money on it-- it will never be worn.
Turn your anger into something positive. Join the Green Party.
What happened was 'risk' was removed from the equation. If you went to a casino and knew that someone was going to make good your gambling losses no matter what when you left, what do you think would happen.
Every Tom, Dick and Mary would cram in there and stay as long as they could. They did.
People bought houses with no money down - then withdrew money from the house like it was an ATM.
Mortgage brokers made grand fees and commissions for selling the mortgages and loans then promptly gave them to the bank.
Banks bundled and sold off the mortgages to Wall Street. They collected their share and offloaded the risk.
Wall Street took the bundles of mortgages bundled them up with more bundles then sliced and diced them into nice packages of rated bonds. In the process Wall Street collected billions in fees and commissions.
Pension Plans, Banks, Credit Unions and everyone else bought these bonds without analyzing - super safe and producing nice returns. Now they lie there stinking like dead fish.
So, the government steps in, says the market is no longer working, and we'll buy that toxic paper for ... let's see, hmm, ... well, whatever you think you need!
What a scheme! Tell me I'm dreaming, please!
Aren't there any politicians with any basic economic sense. Very few as it turns out.
This isn't going to turn out well.
Congratulations
As frugal people, you have positioned yourself to be either protected in an economic collapse, or to even take advantage.
Read "Economic Collapse Winners and Losers"
I have never really bought into conspiracy stuff but www.shadowstats.com and www.austrianenginomics.com opened my eyes a bit in some areas. So I began digging myself. Most of there numbers are, for the most part, are fairly close to reality. Mainly in the area of the governments debts and obligations.
For example check out http://www.fms.treas.gov/fr/03frusg/03frusg.pdf and you will see some real eye openers. And that was 2003.
I believe that fanny, freddy, and the other bank troubles are revealing a over all, larger, problem. And that problem is Debt. both public and private. These debt issue go back a long ways but have key events that have led us to this point.
well I got to go play with my kids... maybe I will post more later.
For those with boys and men in the house, you know how stinky the bathroom can become after awhile. Regular household cleaners just weren't getting that smell out. Now, I throw baking soda on the floor and scrub it in with a wet scrub brush (around the toilet, the floor boards) and let it sit until it dries. Then I vacuum it up (you have to use a dry scrubber to get all the baking soda up). It completely eliminates that smell. Love it!
I'm moving to Amsterdam. I think I'm going to make it the new Paris. Any other writers want to join me?
My mom is in a nursing home and she loves chocolate. She is 92 and tends to drool, so therefore we have chocolate stains on nearly every shirt she owns. Can I get them out???
Wall Street reacted to the "bailout" by dropping another 157 points.
I'm not sure where this rescue plan gets us. There does not appear to be any provision to rein in the marketing of subprime loans. Sure they're not being sold now because credit is tight but if the markets loosen up again I don't see any reason why banks won't be able to sell more risky loans and offload them on the Feds. They'll call it "stimulating demand" or some other such rubbish and point to re-rising home prices as an excuse to securitize more bad debt.
Meanwhile us taxpayers are on the hook for $800+ billion we don't have.
My wife and I have become much more frugal when it comes to birthday parties for our daughter. For our older daughter's first few birthdays, we had large bashes where we invited everyone we knew, down to people we had met a few times at church. We spent a lot of money on gifts and activities that our daughter will never even remember, because she was so young.
In recent years we've gotten better, but my wife still insists each year that we have a pinata. I don't get why, since every year that we've had one, we've always forgotten about it until the very end. Then, at the point when kids are ready to go home and parents are ready to take them, we're rushing around trying to put it up, make sure everyone has a bag, make sure everyone gets a turn, and then make sure everyone gets enough candy.
And of course, generic pinatas aren't good enough -- we have to have whatever character our daughter is into at the time, whether it's Dora, Disney Princesses, or (the latest) Hannah Montana. Then there's also the expense of the candy to fill it up.
My advice: Stay away from pinatas.
I told my senators and representatives that I will not be voting for them if they vote yes. I needed more time to review the bill before I could accept it. I encourage every person to make a follow up call/email to their representatives to let them know where your vote is going when they are up for re-election.
One thing that most people are not really getting here is that who care how well its gonna handle in an accident with an SUV. I mean common no better then your standard passenger car is gonna handle up against a semi-truck. And a motorcycle is a heck of a lot less protected against crashes than the iunit. I think it is an incredible idea and if they can incorporate at least a little bit of storage and slightly faster, Then it could be an excellent way to travel around. In conclusion i think it looks like a beautiful piece of art and kind of fun, and i would certainly purchase one myself if it was available.
if u have a big zit dab teatree oil on it with a Que tip and it will dry it out overnight it works great and is a natural way to get rid of a zit and doesn't scar like some zit creams. also i usally have puffy bags under my eyes and cold wet tea bags really help and they make u feel nice and fresh too. does any1 have any other tips for puffy bags under their eyes?
hydrogen peroxide is EXCELLENT for removing blood stains. Pour, let it bubble out, blot, start over till its gone
Well, good to know they have their priorities in order.
Thanks for linking me to this! I got three mini-mascaras, a mini lip gloss, a regular lip gloss, a lipstick, the three samples and the bonus gift for just under $30. Ordinarily it would have been $60!
This kind of thing makes me so frustrated! I just don't understand how people who are apparently intelligent can pass this kind of garbage.
Maybe we need to elect a frugal politician one of these days.
You're dead right; It's so messed up.
Bush, Obama, Palin, Biden, McCain -- they're all in on it together. The free market is dead, even though it was governmental restrictions that caused the problem in the first place. It's really disgusting.
And the cause of the problem was basically in two parts:
a) People ignoring the logic of math in their finances. Logic works; we need to deal with it.
b) Statist restrictions. The government encouraged the problem by implying a "too big to fail" system early on, and while also passing tons of laws /encouraging/ the loosening of credit for the poor. The government tied the hands of the market down, watched it fail and then smirked -- that's not proof that the market failed. That's proof that the government failed.
That said, there's money to be made for the long haul. Stocks are cheap. Time for some value buys. ;-)
You know you don't have to save receipts to take the sales tax deduction, the IRS has tables you can use instead based on income (and you don't have to itemize either.)
http://www.irs.gov/newsroom/article/0,,id=152316,00.html
And here I thought bribing a Congressman/woman was illegal. I guess it's ok if it's another Congressman/woman.
You know, Wednesday I sent a letter to my darling senator Sherrod Brown here in Ohio, and you should see what I got in return. The way I saw it, it was basically a "Piss off, I know better than my constituents" if I ever saw one. So much for representing the public instead of the Big Money Wall Street guys. Great to know the system works, huh?
Life's about to get interesting. Want to bail and go open a rum distillery in the Virgin Islands with me? Anyone?
Marty did the same to my client and we just got a call from another broker where the same thing happened to her client
He promises the world.. issues a bogus letter of interest to get the client to pay then disappears. You can't get him to call or return emails. Once you get heavy handed with him he finally replies and to tell you because you demanded a response from him he is killing the loan and then refers you to his attorney.
This guy needs to be stopped. I'll definitely be in touch with you. I feel like billing this clown for my time and energy wasted because of fraudulent claims that he leveled about his ability. i have lost clients and my rep. has been tarnished.
Wa
Whoa, you can get a C-section for $24K? My bill (c-section, 4 days hospital stay, plus I suppose a little extra for that dratted endocrinologist they sicced on me because I'm diabetic) was FORTY THOUSAND DOLLARS (Southern New Jersey). Thank god we have good insurance.
Other than the $1600 I paid out of pocket for delivery, though, we spent about $300 total on baby stuff. I inherited all my sister's boys' clothes, bibs, bedding, and burp clothes, as well as a bassinet. Somebody nice gave us a swing, which I didn't think we needed, but it really has been a big help (baby likes to be in constant motion, and sometimes I really DO have to set him down...), and his grandparents gave us a crib. The only things I had to buy were a car seat and cloth diapering supplies. Someone did give us a stroller, but baby usually rides around in a pouch sling or a mei tei (I sewed these... you do want to get sturdy fabric and good thread, but even so, you can shop carefully and make a carrier for about $6)
As for indulging in cute outfits, I highly recommend sticking with pants or little jumpers with adjustable button straps at the shoulders (buy or make the pants a little long... babies' waist measurements don't change very quickly, so you'll be able to use them for months). I like to sew, so I get cheap entertainment and a little "me" time by making baby stuff-- good way to use up scraps and recycle fabric.
www.dealdump.com is also an RSS aggregator
Sarah's absolutely right. I managed to ruin a nice Banana Republic polo by using a type of Old Spice antiperspirant in combination with Tide's "color-safe" bleach. The bleaching was activated only in areas of the shirt that had absorbed the antiperspirant, and was subtle, so I didn't notice it until five or six washings. By that time, it was too late.
I always wear a blouse and skirt or a conservative dress, whether at the office or at home, so I don't have to double up too much on clothes. I keep a plain black blazer and one pair of black pumps in my office, just in case I have to look "dressy" for a client. And I make a point of changing out of my good work shirts before the baby pukes on me. :P
What I don't make myself, I buy at thrift stores or off the clearance racks. I'm an odd shape, and if I'm going to have to alter a garment anyway, I resent paying more than $10 for it.
I also NEVER ever buy anything white, cream, or pastel, as I know that I will destroy it the first time I wear it. Blacks, browns, and prints hide coffee and fountain-pen booboos pretty well. It helps to know the colors that work for you and buy only pieces that go with those colors. Preferably, something you can wear with two or more items already in your wardrobe. Buy only things in cuts that suit you. If you're not comfortable in a straight skirt, don't buy it. A nice A-line skirt is still office-appropriate and much more forgiving on "fluffy" days. As long as you get good fabric and forgo whatever weird ornamentation the current fashion calls for, a basic skirt can last for years.
I have to have a suit for court, which is an aggravation, because I wear the darn thing perhaps twice a year, and I always have to take something in or let something out before I wear it in public (I made it, so I made sure it was readily alterable). This is also the only dry-cleanable item I own. If I can't wash a garment (by hand or machine) there's no point wasting money on it-- it will never be worn.