What will the Fed do ?

Shelly,

ok the real meltdown has started? what if they freeze the exchange rates.. ie similar to the 1940?s thus they were able to get all of the major players to agree to a global fixed exchange rate.

Would this "freezing" act put the brakes on your meltdown?

Back in the 40's the US was an industrial, manufacturing, economic and military super power; Europe and Japan were smoking ruins; Russia and China were communists; and the Middle East was distracted by establishment of the state of Israel. Things have changed a bit since then.

I don't speculate on things that will never happen....which is precisely why I'm not saddled with 3 preconstruction contracts for condos that I plan to flip to baby boomers for a 50% profit.


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I just got the shakes reading all this. I am glad my money is safe in the mattress

I would say that's not exactly "safe"....money placed in the 'Bank of Serta' is subject to inflation risk.

Last year at this time gas was $2.15 a gallon--now it is $3.05, a 90-cent or 41.9% increase).

If you put $100 away in your mattress to buy gas, you would have to add another $41.90 to get the same amount of gas today.

But, if you'd put that $100 into a CD drawing 5% interest, you would have $105.00. After Uncle Sugar snatches back $1.25 in taxes (25% tax bracket) you will be left with $3.75. You can now buy the same amount of gas as last year and you would only have to add an additional $38.15!

Now, if you had invested the $100 in JOE stock, you'd have to borrow money to take the bus.

But of course the US government doesn't count energy and food when it figures CPI, so forget all that information you read above.



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...thanks SHEL! I think you should open a bank and we can keep our $$ with you.

...thanks SHEL! I think you should open a bank and we can keep our $$ with you.

A Shelly Belly Bank.

...thanks SHEL! I think you should open a bank and we can keep our $$ with you.

Exposed!! All this time spent by Shelly earning our trust. Turns out he is Kitty's alter ego in a scam to defraud Sowal denizens of their wampum. I should feel disillusioned and disappointed I suppose but ....

...thanks SHEL! I think you should open a bank and we can keep our $$ with you.

My friendly staff of professionals will be more than happy to help you out with your Savings & Loan needs.

...omg, my knee caps hurt just looking at that pic!

Everyone seems to be saying they'll cut the rate by a quarter today.

Sowal pundits?

Everyone seems to be saying they'll cut the rate by a quarter today.

Sowal pundits?

Another 25 basis point hit of crack.









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Another 25 basis point hit of crack.



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Silly Monkey hit it again. Do you work for the FED?

Silly Monkey hit it again. Do you work for the FED?

No, but Ben does have me in his Alltel "My Circle."


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Hindsight

What a difference a year makes. There were some pretty interesting predictions in this old thread. Some correct, some not.

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Thanks for the generous bailout U.S. Taxpayers!!

-Your Friendly Staff at Shelly's Savings and Loan



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Slap in the face

This bailout is a slap in the face to anyone who has been responsible and really is just a multi-bank bailout that reatains a glorious golden parachute for all of Ben's buddies. If you didn't write your representatives this past week, you should be ashamed of yourself.

Rescue Plan from a Healthy Banks Perspective

http://scconservative.wordpress.com/2008/09/24/rescue-plan-from-a-healthy-banks-perspective/

The money quote:

"Arbitrary limits on executive compensation will be self defeating. With these limits, only the failing financial institutions will participate in the ?rescue,? effectively making this plan a massive subsidy for incompetence."

http://scconservative.wordpress.com/2008/09/24/rescue-plan-from-a-healthy-banks-perspective/

The money quote:

"Arbitrary limits on executive compensation will be self defeating. With these limits, only the failing financial institutions will participate in the ?rescue,? effectively making this plan a massive subsidy for incompetence."

I heard this very thing on NPR this week. Suits me just fine. Get all those great smart top business school graduates out of there and replace them with some "second tier" business school graduates that either took ethics or were born with them. There is something bad in the water at some of these schools and with some of the people that attend them.

Gordon Gekko. Fiction

Gordon Gekko is a [ame="http://en.wikipedia.org/wiki/Fictional_character"]fictional character[/ame] from the 1987 film Wall Street. Gekko was portrayed by actor-producer [ame="http://en.wikipedia.org/wiki/Michael_Douglas"]Michael Douglas[/ame], in a performance that won him an [ame="http://en.wikipedia.org/wiki/Academy_Awards"]Oscar[/ame] for [ame="http://en.wikipedia.org/wiki/Best_Actor"]Best Actor[/ame]. Gekko may return in [ame="http://en.wikipedia.org/wiki/Money_Never_Sleeps"]Money Never Sleeps[/ame] which is currently in pre-production.
Gekko is based loosely on [ame="http://en.wikipedia.org/wiki/Arbitrageur"]arbitrageur[/ame] [ame="http://en.wikipedia.org/wiki/Ivan_Boesky"]Ivan Boesky[/ame], who gave a speech on [ame="http://en.wikipedia.org/wiki/Greed"]greed[/ame] at the University of California, Berkeley in 1986 and real-life activist investor / corporate raider [ame="http://en.wikipedia.org/wiki/Carl_Icahn"]Carl Icahn[/ame]. In 2002 Gordon Gekko was named one of the [ame="http://en.wikipedia.org/wiki/Forbes_Fictional_15"]Fifteen Richest Fictional Characters[/ame] according to [ame="http://en.wikipedia.org/wiki/Forbes"]Forbes[/ame] who attributed him with 650 million dollars. In 2003, the [ame="http://en.wikipedia.org/wiki/American_Film_Institute"]AFI[/ame] named him number 24 of the top 50 movie villains of all time.

Jeff Skilling...non-fiction.

Havard School of Business.

Wow, I just realized this was a very old thread. Forgive me for my earlier dramatic post. I was in a mood. But, after reading and watching some more damm TV, I remembered some stuff and have a new question...

Can someone explain to me the golden parachutes the CEOs get in their contracts? I think this is some of what makes us Main Streeters boiling mad. I have a feeling that in order to lure the best and the brightest people to head these companies, they must have to "safeguard" these CEOs bank accounts. I know there are many good guys on Wall Street, it is just that right now most of us are lumping them all together and putting a Greed sticker on them.

HELP!

Wow, I just realized this was a very old thread. Forgive me for my earlier dramatic post. I was in a mood. But, after reading and watching some more damm TV, I remembered some stuff and have a new question...

Can someone explain to me the golden parachutes the CEOs get in their contracts? I think this is some of what makes us Main Streeters boiling mad. I have a feeling that in order to lure the best and the brightest people to head these companies, they must have to "safeguard" these CEOs bank accounts. I know there are many good guys on Wall Street, it is just that right now most of us are lumping them all together and putting a Greed sticker on them.

HELP!

The way I remember it, Nardelli did not do a very good job and was ousted from Home Depot. Now he heads another small name in business, Chrysler. My mom is not big in business, but she always repeats the same thing, "It's not what you know, but who you know"