Who's Whining Now?

[MrsSmith]

And a stich in time saves nine.

Somehow, I never pictured you sitting home mending clothes.

[Cold Warrior]

Somehow, I never pictured you sitting home mending clothes.

Actually, I prefer cooking. I really don't have the patience to knit.

However, my point is that I'm not sure what your reference has to the topic under discussion. But, after considering it, I do see one -- the DUmmies are overreacting in an analogous, but opposite, way that people here did. They're saying that capitalism is dead while posters here have been saying there's absolutely nothing wrong. So, my compliments to you for a very insightful observation.

Two sides. Same coin.

[Eyelids]

BUT, don't forget, McCain's going to carry NJ!!! :D What f**king idiot would believe that? Only one who's never been to NJ (or perhaps, out of the Swamps).

Uhh McCain is carrying NY too didn't you hear?

[OwlMBA]

It's a great time to buy investment property! There are going to be a whoooooooooooooooole lot of new renters out there!

So those with money are going to profit off of this recession. BIG TIME. Best case scenario is that access to loans and capital dries up for 20-30% of the population. Worst case scenario it dries up for 50-60%. That means a lot of people who can't buy homes. America already spends every cent that it earns, and that is in a GOOD economy. Nobody will have money to put down to buy a house, and no bank will loan without a down payment, and even then they are going to only loan to the lowest risk customers. That means a lot of renters.

That means a lot of money for people buying cheap houses and renting them out. The housing market is so overbuilt that the demand for houses will never, and I mean NEVER match the over-supply.

Cash in!

[LogansPapa]

It's a great time to buy investment property! There are going to be a whoooooooooooooooole lot of new renters out there!

Shhhhhhhhhhhh! ;)

[OwlMBA]

Shhhhhhhhhhhh! ;)

Meh, there is still plenty to go around. :D

[LogansPapa]

Citigroup to buy Wachovia banking operations
Monday September 29, 11:25 am ET

Citigroup will buy Wachovia's banking operations; FDIC says Wachovia didn't fail

NEW YORK (AP) -- In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.

Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said Monday. Citigroup also will issue $12 billion in preferred stock and warrants to the FDIC.

The deal greatly expands Citigroup's retail outlets and secures its place among the U.S. banking industry's Big Three, along with Bank of America Corp. and J.P. Morgan Chase & Co. But it comes at a cost -- Citigroup said Monday it will seek to sell $10 billion in common stock and slashed its quarterly dividend in half to 16 cents to shore up its capital position.

http://biz.yahoo.com/ap/080929/wacho...roup.html?.v=1

[Cold Warrior]

Citigroup to buy Wachovia banking operations
Monday September 29, 11:25 am ET

Citigroup will buy Wachovia's banking operations; FDIC says Wachovia didn't fail

NEW YORK (AP) -- In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.

Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said Monday. Citigroup also will issue $12 billion in preferred stock and warrants to the FDIC.

The deal greatly expands Citigroup's retail outlets and secures its place among the U.S. banking industry's Big Three, along with Bank of America Corp. and J.P. Morgan Chase & Co. But it comes at a cost -- Citigroup said Monday it will seek to sell $10 billion in common stock and slashed its quarterly dividend in half to 16 cents to shore up its capital position.

http://biz.yahoo.com/ap/080929/wacho...roup.html?.v=1

Don't worry. Be happy. I hear house prices are up in the LA swamps.

[LibraryLady]

Looks like you don't have to work . Insult edited . I guess you aren't her only customer, huh?

[Gingersnap]

Looks like you don't have to work . Insult edited . I guess you aren't her only customer, huh?

Let's leave friends, family members, and defenseless animals out these discussions, shall we? There's more than enough material to work with involving the actual membership. ;)