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An August Surprise from Obama? - 8/5/2010 10:35:57 AM

pahunkboy

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http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/

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RE: An August Surprise from Obama? - 8/5/2010 10:40:50 AM

mnottertail

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I am going to doubt the shit outta the POTUS being able to single handedly without even advise and consent of congress do that with FMA FMC.

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RE: An August Surprise from Obama? - 8/5/2010 10:43:45 AM

pahunkboy

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It is a curious idea.

However- with all the lobbyists- I would not count on it. In other words- make you August house payment.

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RE: An August Surprise from Obama? - 8/5/2010 10:45:48 AM

mnottertail

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If there was truth to this, it would argue to not make the August payment, the adage is buy low, sell high, not the other way 'round.

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RE: An August Surprise from Obama? - 8/5/2010 11:16:08 AM

joether

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Actually, mnottertail,

'Buy High and sell low', is what selling short is all about. Goldman Sachs did it this year, and made a HUGE amount of money off it. Of course, it was completely unethical, but then, Goldman Sachs doesnt seem to care much for ethics, when greed is their view point. So yes, you can make a helluva alot of money, if A) Your greedy B) Selfish and C) Unethical. Sounds like Republicans in general to me...

Anyways, the financial reform, was created, in part, to deal with this particular method of 'money generation'. Republicans, naturally, are against it. So the question is, which party do you want in power in the USA?

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RE: An August Surprise from Obama? - 8/5/2010 11:18:53 AM

mnottertail

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Yeah, I am aware of that, but it was not the premise of any administration to set up FMA and FMC to short sell housing. That's why we only discuss the other side of the equation in the context of someone make a house payment, and if its shorting, don't make it.

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Have they not divided the prey; to every man a damsel or two? Judges 5:30

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RE: An August Surprise from Obama? - 8/5/2010 11:22:28 AM

pahunkboy

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anywhere one lives there is a cost- be it - rent or mortgage- or simply carrying costs.

So- to expect to not have to pay something is erroneous. A faction of people are into strategic defaults- that would not suit me- as even simple rent would cost more then my mortgage. So- it would be needly worry to try to save $30 or so by demanding a lower int rate.

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RE: An August Surprise from Obama? - 8/5/2010 11:32:52 AM

willbeurdaddy

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quote:

ORIGINAL: joether

Actually, mnottertail,

'Buy High and sell low', is what selling short is all about. Goldman Sachs did it this year, and made a HUGE amount of money off it. Of course, it was completely unethical, but then, Goldman Sachs doesnt seem to care much for ethics, when greed is their view point. So yes, you can make a helluva alot of money, if A) Your greedy B) Selfish and C) Unethical. Sounds like Republicans in general to me...

Anyways, the financial reform, was created, in part, to deal with this particular method of 'money generation'. Republicans, naturally, are against it. So the question is, which party do you want in power in the USA?

you apparently dont understand short selling. Short selling is selling securities you dont own at a HIGH value and replacing them with the same securities bought LOW. It is only the timing that is reversed, not the values.

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RE: An August Surprise from Obama? - 8/5/2010 11:34:05 AM

willbeurdaddy

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WRT to the OP, anything he does to buy votes wouldnt surprise me.

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RE: An August Surprise from Obama? - 8/5/2010 11:37:48 AM

pahunkboy