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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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Comments
84 comments:
Keith.. You are a monkey that keeps trying to call the bottom. I kept saying Denial.. Now moving towards Desperation.
Remember "trend is your friend" Stop being a monkey!
The video mentioned every stage from Denial to Depression - amazing! It must be the last one.
And how nice to hear a sane counter to Jim Cramer's incessant raving - the market drop was a response to AIG and other bad reports. Barak Obama might make the most golden decisions, and the economy would do the same. If Cramer's right that "the stock market is the economy" - I think that's more hyperbole - then that's no good, either. How about you stop with the Cramer clips altogether?
Denial! She says people are buying shoes and they think the world's getting better? So freaking what.
We're not going back to the normal of the last 25 years which was a boom fueled by debt accumulation. Much of our banking system and population is insolvent. People will now be poorer and have to work making things of value.
Cramer says greatest wealth accumulation destruction?! It was never there in the first place! F you Cramer, America is not the stock market, we owe it nothing! Ponzi
Sell...Sell...Sell
All the sheep are running to one end of the boat...
You know what that means
But...Buy...Buy
Time to make some Mad $$$$
Have we just witnessed capitulation?
Sure felt like it.
The news really cannot get much worse. The largest financials have all proven to be insolvent, Americans are saving money and the gubmint will not take action to change either of those two problems.
This is MOABO.
Or just another pre-shock to the big one.
Where do they come up with these loser-shills?
Burnett talks about a 'lower standard of living' and 'having more that your parents' with a reference to China.
Jeezus, she belongs on a stripper pole in the wrong end of Scottsdale and he belongs in anut house.
BTW: What ever happened to that loudmouth nutcase Frank from Hell with all his tragic wisdom. I sure miss that imbecile. Maybe ha became Mayor of a tent city-Bushville somewhere.
Frank, My Hero, where are you?
Hiding?
I still see too much "temporary setback - I'm a long term investor" out there. When people finally stop dollar cost averaging every 3%+ drop, then we might be close to the bottom. It's still going to be a looong recovery, though, if you ask me.
Sure after the pumpkin of Omaba has his 3 hour Ra/Ra stock hype show coming to a television set near you.
After the show you will see the stupid money rallying the market higher.
So bet the index before the Ra/Ra and sell after to make fast cash.
(3500-4000 Dow by summer)
Keith,
We are still at delusion. TV and the MSM are going to keep us in this Wiley Coyote moment, with legs spinning on air above the sheer drop for a loooong time. I think many will never exit delusion until the plasma is repo'd.
Coming soon to El Norte...
Thousands of Mexican soldiers pour into the country's most violent city in crackdown on drug gangs
"Armed to the hilt, they came from land and air, determined to restore order to Mexico's most violent city.
Nearly 2,000 Mexican soldiers and armed federal police poured into the border town of Ciudad Juarez last weekend.
The city - just across from El Paso in Texas - has been ravaged by drug gangs. Just this month 250 people were killed there by hitmen fighting for lucrative smuggling routes.
http://tinyurl.com/dzzre8
Probably time for a nice rally. If Jim Cramer is saying we're going lower, there's a damn good chance we are going higher.
Keith, please don't rush this thing...
We are not even fully in fear yet as I suggested before. We are hitting the missing tag line of reality and after people are awoken then Fear will set in and things will rapidly decline from their. Once reality is met there is no turning back.
The problem to any solution anytime soon is that we are still quite a way from reality as a country so we still have much further to fall. Some of that is Obama making all these vacuum decisions which is causing unfair hope and / or preventing reality from being felt.
Once it hits however it gets ugly fast. Just ask people that have seen and / or felt it and then take a good long look into their eyes as they speak to you and notice the fear.
We live in scary times and the unfortunate thing is that they must get a lot scarier before things begin to turn back towards positive once again...
Jim is right, she is in denial.
No, no, no. No signs of a real foam-at-the-mouth-sell-everything panic yet. We are still transitioning from denial to fear.
One more 5% uptick in the markets to raise false hope of a bottom, and then it's look out below!
No way keith....what you heard was desperation. I cannot wait to seen Erin Burnett working as a $1.00 a night hooker. What a total evil bitch she is. I'd pay her a buck just to watch her wave her cheerleader pom poms naked in a bread line saying "its just attitude people. Get out there and buy stocks!" What a total idiot. Few people can make me yell at the TV but she is one of them.
Sashers,
Serious question:
Why are Mercedes drivers such snobs?
1)Does the car make one a snob?
2)Does the snob choose a Mercedes?
America will survive as long as we have nuggets.
Authorities say a Florida woman called 911 three times after McDonald's employees told her they were out of Chicken McNuggets.
Noooooooo
Cramer is such an idiot. he called for swift action back in 11/08 but then at the end of this bit with Lauer, he says that the agenda was "too radical" and that it should be slow. So what the hell does he want? He spits on himself just talking all the while contradicting himself. He can't have it both ways. "The stock market is America" oh really? okay, so as an America, I want a healthy stock market not one propped up by castles in the sky. Purge the fucking system, let the weak and stupid fail, and start over with Americans saving (living in the means), houses priced appropriately (not pricing out people), and let's fucking regulate the cancers (CDS, MBIS, rating agencies, mortgage brokers, etc.). I hate Cramer. He is such a self-serving blowhard. Give me complete capitulation and get rid of Cramer and his millions.
Of course these fucks, at the very heart of deception for personal gain, are despondent.
They know what role they played.
"...people need to speak more positively..."
Spoken like a true PAID SHILL, whose only insight is into manipulation; certainly not the fundamentals which comprise reality.
J6P still retreats into denial. He now knows something has changed for the far worse, but is both too afraid to ponder it for long and doubtful of his ability to do so.
The stock market hit its bottom in 1932 during the great depression. The economy as a whole didn't start substantially improving until 1940, IIRC.
We may be approaching a stock market bottom soon, but it may be awhile before the economy as a whole hits rock bottom. Most people still are living their lives like they always have. There isn't any blood in the streets yet, nor is it splatter on the wall.
chuck ponzi would be proud.
Approaching Desperation.
Cramer won't have hit bottom until he's writhing on the floor, weeping.
Not quite despondency. Capitulation, maybe. But this hasn't extended to Joe 6 pack yet...
maybe I'm waiting too long to jump in. But I'd say wait more.
-Mike
From what I've been seeing, we're still in fear mode. Not even close to the bottom of this yet.
Prices need to drop 50% more to get despondency.
Walmart in N.W Arkansas is laying off something like 800...
Unheard of.
And we've hit bottom?
.
It must be true.
Every Realtor you ask say's,
"Now is the Time to buy"
"We've hit bottom"
"Better buy now before your priced out of the market"
. A**Holes!
.
White House Kicks Off Housing Plan Aimed at Helping 9 Million Borrowers.
Where is a good "OH GOD" from Keith Olberman when you need it?
And the chick with Cramer seems to want more happy graphs. I think she knows her audience are idiots.
We are at fear Keith. The stock market bubble is just in the process of deflating, we have not had a crash yet. Historical valuations.
OT:
Obama's cap-and-trade plan is a tax on every single American, even poor people. When the utility companies have to pay those huge fees (taxes) who do you think they will pass it on to? Look for very high utility bills under O. This while CA electrical costs never came down after the Enron scam.
GT Charlie
Keith, sorry, but we are still in a late stage of denial. In a nine inning game of baseball, I think we are still in the bottom of the second inning and we are about to head into the third inning this summer.
You keep trying to call the bottom. I think you are too early. We have had a 25 year debt party (1982 to 2007) and all of this reckless conduct, spending, debt, etc... isn't going to get washed away in one or two years!
Honey-bunny's head is firmly in denial, Cramer's is up his aSS!
I didn't notice, is there a DOOMED on that chart?
Boy I wonder if Erin had to purge herself after all of that.
At 2:27 the chick starts trying to say the stimulus package is gonna start to work...what a load of crap, and even Cramer shudders at her attempt to shill for Obama.
I agree that using Cramer as a focal point or lens for viewing the economy at large is a big mistake.
There has been no circuit breaker yet on the downside.
somewhere between Denial and Desperation.
we won't hit fear until there's a high profile assassination. either a banker, Fed governor, or politician.
OoooBaaamy!
Gimme Cheese.
I'd say in between denial and fear. Because most of the country is definitely in denial. Sorry Keith, I know you've been constantly calling bottom for a while now, but you're way off base. You were right about the housing market but you're dead wrong about this.
Sorry Keith. Here in Wisconsin we are only now starting to see a little fear (not much, but some).
Kenduffelsniffenspotzen
Why is cramer all of a sudden wearing a suit jacket?
Its about time!
--> http://tinyurl.com/bsgfp3
Direct your anger at the real bad guys..
Bankers only steal what you give them.
Murderers sreal everything, and the damage is ireversibale
Establishment Messiah
Posted by Justin Raimondo on October 09, 2008
http://www.takimag.com/site/article/establishment_messiah/
Oh no, that’s not Obama’s style at all, and especially when it comes to the bailout issue, because, you see, his entire mission is to convince the American people that there truly is “no separation between Main Street and Wall Street”—because, after all, he is Lehman Brothers’ bridge between the two. As the OpenSecrets.org web site points out, Lehman Bros. was generous with its contributions to members of Congress, especially Democrats:
In the current Congress, 271 lawmakers have collected nearly $3 million since 1989, with 72 percent going to Democrats. Democratic presidential candidates and senators Hillary Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively. Sen. Charles Schumer, D-N.Y., a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee, hauled in $181,450, while Sen. Chris Dodd, chair of the Senate banking committee, has collected $165,800.
401(k)onfiscation
Posted by Richard Spencer on November 10, 2008
http://www.takimag.com/sniperstower/article/401_konfiscation/
I actually think his most radical measures will seem “centrist” and get quite a bit of bipartisan support. Take for instance the recent proposal for the government to confiscate everyone’s 401(k)—oh, did I say confiscate? I meant guarantee everyone’s 401(k). You didn’t really want to take any money out of it before you retire, right? And you certainly wouldn’t mind if we borrowed your savings to fund social security, would you? Don’t worry, we’ll come up with a way to refund all those accounts we confiscated later.
What I just described was seriously discussed in the House this past October, and, sadly, I imagine that such a proposal would get the backing of Republicans as a “conservative” measure meant to protect citizens.
Another 30 or 60 days of the god king Obamma and his henchmen, the puny disgusting smelly serfs that make up America will know fear. Those who have been feeling rage the last 60 days are not serfs, they are freemen.
Right now we're still at the denial stage. I mean as a country.
That's why Mozillo is still walking around.
The Long Emergency - James Howard Kunstler , 'nuff said.
"you Cramer, America is not the stock market"
ummmm, the stock market was one america's religions; i.e. being an investor made you moral since you were discovering economic efficiencies that helped everyone in america; you were raising all boats.
that didn't happen; thus, that dream was but smoke and mirrors.
onto plan b.
We are in between
CAPITULATION AND DESPONDENCY!
Still lots of Capitulation to happen which will take us to 5000 or lower on the DOW.
It is not possible to place the whole population in one area. Here in Southern Californina a lot are in denial, some in fear, some are desperate. If I had to say my area as a whole. We are still between denial and fear.
Young professionals like myself are more in denial than fear yet. Those who are retired or are close to retirement are beginning to be very fearful and some are a little desperate.
For me, I have been purchasing canned food and bottled water, ammo, and thinking about how, and how much fuel I want to store. I have plenty of money in my safe at home as well. This weekend I will be spending a lot of time on the family yacht and probably enjoying some good food and entertainment with friends. Last weekend I was in the sand dunes of Southern CA running race gas that cost seven dollars a gallon in my quad.
In other words I am prepared, but I am still living life as usual. Am I in denial? No. Am I panicing? No. Do I have some worries that one could say are fears? Sure. Am I mad as all fu*king hell. Absolutely!
Hey Keith! Why are you posting endless stupidity from buffoons like Cramer and Beck when you could be helping spread the word about real moves being made by true patriots to expose and end the Federal Reserve banking cartel?
Ron Paul Introduces ‘Federal Reserve Transparency Act’
F*ck Obama!
but but but
Sophisticated and all-knowing media talking head-shill headed for a stripper pole in Scottsdale after the TV gig is over Erin Burnett says not to worry in Calif. as "5,000 new jobs will kick in this week"...
Really. WTF are they? I'll take ten of them (liars paperwork, you know).
Erin does have a pleasant enough face though unlike that Frankenstein monster Bartiromo who looks like a surgical adventure in facial aesthetics gone horribly wrong.
Like a young chimpanzee or Gibbon or baboon...
And that speed-freak looking clown Cramer. He should get some floppy clown feet and join the circus or take Ed McMahons gig when he croaks soon and be the publishers clearinghouse give-away man....
Is this the Best America has to offer the public hungry for Real News?
America Sucks. Turd World Nation
but but but
Sophisticated and all-knowing media talking head-shill headed for a stripper pole in Scottsdale after the TV gig is over Erin Burnett says not to worry in Calif. as "5,000 new jobs will kick in this week"...
Really. WTF are they? I'll take ten of them (liars paperwork, you know).
Erin does have a pleasant enough face though unlike that Frankenstein monster Bartiromo who looks like a surgical adventure in facial aesthetics gone horribly wrong.
Like a young chimpanzee or Gibbon or baboon...
And that speed-freak looking clown Cramer. He should get some floppy clown feet and join the circus or take Ed McMahons gig when he croaks soon and be the publishers clearinghouse give-away man....
Is this the Best America has to offer the public hungry for Real News?
America Sucks. Turd World Nation
Why does Wall Street like massive unemployment? Today an ADP report put private sector job losses for February at 697,000, up from a revised 622,000 in January.
Not close to Despondency. We are moving from Fear to Desperation. Last night I heard it in the voice of a friend of mine who, for the first time, started talking about her 401K and what she should do...in other words, wondering if she should sell. Up till now she has just said "stay the course, it'll come back in 20 years". But as the market continues to decline, this kind of thinking will stop and people will say "I can't take it anymore" and cash out.
As Kindleberger said: in the final stage their is a rush to quality and cash is king.
We haven't gotten there yet.
My prediction is that after some suckers rallies, there will be a final, and wrenching, act of Capitulation...where all the 401k owners throw in the towel and sell. This will drop the market another 25% or more over some unspecified period of time.
Anonymous Anonymous said...
America will survive as long as we have nuggets.
"Authorities say a Florida woman called 911 three times after McDonald's employees told her they were out of Chicken McNuggets."
Now that sounds like desperation.
LOL
Past denial but not at capitulation.
It's coming though. The question is when???
Still in denial.
To use your own words- "The world is not going back to normal after the magnitude of what they have done." ....and despite my undying lust for Erin, they still haven't accepted how bad things are going to get. "The Bezzle" continues on, the shadow market still exists, the Masters of the Universe still haven't been arrested, etc.
The graph assumes gradual continuity of emotion and eventual healing.
There is no allowance for schizophrenic reactions.
The economy is in a manic-depressive phrase for the forseeable future.
> Obama's cap-and-trade plan is a tax on every single American, even poor people.
Good. Let's pay out that ass for bushels of nothing. Do you climate asshats realize that while this crash means pain and embarrasment here, it means mass-STARVATION in many other parts of the world. One quick example. Tourism dollars drying up. What effect will that have on the slums of aruba (yes there are slums. i've been there).
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PHONY RALLY TODAY, THEN BACK ON THE WAY DOWN TO DOW 5,200 AND S&P 500.
.
Walmart, McDonalds, Arby's are "doing well" ... cheap products and cr*ppy food.
The markets have a long way to fall still, and once everyone has bailed ship, then we can say it's hit bottom.
It's time to put an end to this casino game run by the banksters and wall-street cronies.
Our new treasury secretary is more illusive (and slippery) then the last.
The entire congress needs to be held accountable for the accelerating devestation being caused across this country as well as others.
This ship of state is heading down the tubes, and the *con*fidence men and women are still trying to tell us everything is OK.
I have to throw my hat into the ring for being somewhere between denial and fear.
This is a big ship and it takes a very long time to turn it, in the order of a decade or more for the complete cycle I think. The layoffs are really only just beginning, and the effect they will have as they snowball into more and more will not truly be felt for months yet (probably years).
I do think we will be done with denial in the next month or so though, certainly by summer when everybody has cast off the pall of winter but sees everything still sucks. You'll know when fear hits because shit will actually start to be done to those who caused this mess. America is a cornered rat right now (though still in denial about it) and woe betide any who are perceived as being against it in the future. The sad fact is that our masters will probably direct this rage against many people who do not deserve it - those who dare to stand against them. I'm thinking Mcarthy style witchhunts for any who admit to thinking sane, rational, "un-american" thoughts. I mean, can you imagine scum like Bella Pelosi not abusing the power of popular outrage?
America's direction for the next fifty years will be decided in the next few months - make sure it's the right one. Sadly I think the right way is going to be paved with blood, as the elites will not go quietly.
Anonymous Anonymous said...
America will survive as long as we have nuggets.
"Authorities say a Florida woman called 911 three times after McDonald's employees told her they were out of Chicken McNuggets."
Had something this grave occurred in Europe there would have been riots on the streets with burning tires by now.
Classic denial insanity by a realtwhore.
“Microwave Man”
Aaron Auxier is a high end real estate broker for Shapiro & Sher, a salesman who always sees the bright side of the housing situation in Vegas even as prices have dropped 40 percent on the Strip.
Only one in ten homes for sale in town involve “regular transactions”, meaning they aren’t foreclosures or short sales. “This is such a resilient city, I’m actually not even worried about it,” Auxier told me as we stood in a beautiful condo at the Panorama with a view of CityCenter, on the market for about $800,000. When I asked him how it’s possible that he’s not worried, he replied, “I choose not to participate in that kind of mindset.” However, he admits he lives in a planned community in Summerlin, northwest of the Strip, where he is surrounded by foreclosures. He said he saw someone he calls “Microwave Man”—“You drive through a master planned community, and you’ll see someone selling appliances in their front yard to make their payments. I mean, it’s a true statement.”
Erin does have a pleasant enough face though unlike that Frankenstein monster Bartiromo who looks like a surgical adventure in facial aesthetics gone horribly wrong.
Bless your heart, another one who can't stand Maria Bartiskanko. These CNBS clowns really need to be taken out and shot. Every last one of them.
Geez, what are the odds. After big drop, in the last day we see this all over the newspapers and on the dumb-screen:
1. Obamy tells people to buy stocks
2. Screwed China creates rumor about more stimulus
3. Oil reserves are lower. Oh my, no manipulation there
4. Sheila Bair does CNBC with CRAMER
5. Details of welfare parasite housing plan comes out.
Wow, that unemployment figure on Friday must be really scary. Create fake rally two days earlier, so sell off won't feel as strong on Friday.
And the fundamental principal behind all that is the same:
1. We're becoming Turd World Country, full of welfare parasites.
2. There was no wealth destruction because high debt ISN'T wealth
3. Unemployment is skyrocketing
4. Historical shift in consumer behavior by force: Baby Boomers are too broke to retire and to spend
5. No easy credit to continue business as usual.
Just to show you how stupid and speculative is this stock market, Apple shares is right now up 4%. What has changed in the last 24 hrs to make the idea of purchasing $4,000 laptops viable? Folks aren't buying cars and homes but they will buy $4,000 laptops?
So I ask all of you. Are you planning a big purchase this year or next? Are you buying expensive electronics? Are you taking lavish international vacations? Are you buying a new car? Are you remodeling your house by using Heloc? Are you buying a brand new Harley Davidson? Are you going in a shopping spree with your credit card at Bloomingdales or Neiman Marcus. Are you buying vacation homes? What about you Keith, are you buying a $500k 300 sq ft apt in London, since you've called the bottom?
I suggest you take the opportunity to sell during these fake rallies because this market is going down much lower. Don't forget that Hedge Funds have imposed emergency Measures to block customer redemptions. That's coming up, along with the commercial real estate implosion.
.
JIMBO SAID, "IT WON'T COME TO CIVIL UNREST". YOU KNOW WHAT IT MEANS...START BUYING YOUR GUNS NOW!
.
"We are not even fully in fear yet as I suggested before. We are hitting the missing tag line of reality and after people are awoken then Fear will set in and things will rapidly decline from their. Once reality is met there is no turning back."
----------------------
The people that middle class and went from Explorers to Escalades and back to Explorers aren't the ones you need to worry about, it's the people that went from the slums to a middle class lifestyle during the bubble that will go back to having nothing. They're going to be pissed off.
I heard and hear a mix of denial and fear ... sorry ...
Oh by-the-way ... the myth that the economy IS Wall Street is the biggest denial BS I have heard.
"The Market" has deterimined that Wall Street in its current form must die. If the government would get out of the way it would be dead already and we would be already on our way to a better tomorrow. Do you expect Jim Kramer to acknoweldge that all his success over the past 30 years has been a BS illusion?
Sorry folks ... denial is still the domminant sentiment.
Don Payne
There still enough people between the stages of Euphoria and Anxiety, that determines how little we've developed in this Great Depression II.
The problem with these graphs is that people don't understand that different classes of people and different regions of the nation are at different points on the graph.
We have a spectrum of people staging from Excitement to Acceptance. True, most people are bunching up at nodes in between. In the Midwest, you see people bunching up towards the latter nodes, with the wealthier ones bunching up around Denial. On the coasts, you see those bunchings moved upward, putting off the day of Acceptance for a long, long time.
There really isn't a national thermometer of crash sentiment. The national nature of the Great American Housing Bubble (I) does mean that most people will end up at Acceptance at some point, whether today or 10 years from now.
The point I have to make today that is there is still a huge set of bunchings around Denial. People are hooked on asset-speculation bubbles and the housing fraud will take a VERY long time to flush out of the American cultural system. I have a deep-seated fear that Americans may NEVER release their lusts for speculated lucre, so we may keep booming and busting to great social damage. But we'll see, as this is the first time that there has been a NATIONAL housing bubble and then a national housing crash -- caused by a national banking fraud, of course!
I really like the succinct nature of this previous poster; we should listen to this person:
"When people finally stop dollar cost averaging every 3%+ drop, then we might be close to the bottom."
The stock markets are full of people believing in the Myth of the Sinking Bottom. He's right. The Denial out there with such things is HUGE.
P.S. I'm expecting "Stimulus Package II: The Big Lie Must Work". Coming by this time next year, it's gonna be a BLOCKBUSTER! Or at least a BUDGET buster, since it's gonna be a clean trillion.
The curve should be a full circle. history keeps repeating itself.
So Obama is rolling out his spiffy new plan to prevent more foreclosures. Apparently it will help homeowners who are 5% underwater. Wow, big friggin deal. Hey Obama how about helping out those of us who are 40% underwater because when we wanted to buy a home we had to compete with deadbeats getting liar loans through crooked banks. Actually I don't need your help, but if you want to do something productive why don't you tell your Attorney General to get off his pontificating ass and go arrest that crook Angelo Mozilo for starters.
"okay, so as an America, I want a healthy stock market not one propped up by castles in the sky.
on another blog, someone thought that public employees should get their salaries cut and he got creamed.
living within our means will mean cutting salaries that were set based on stock market wealth, etc...
it's not going to be pleasant.
at the very least, salaries will stagnate and home prices, etc... will go way down....
fun, fun, fun... till her daddy took her tbird away.
"Why are Mercedes drivers such snobs?"
It's a magnetic attraction producing a synergistic effect.
Gee Wizzz I sure miss the free money days Spankey.
"...a Florida woman called 911 three times after McDonald's employees told her they were out of Chicken McNuggets..."
I'll see your nuggets, and raise you a Western Bacon Cheeseburger.
Keith,
I agree with outhers - you are too early on this. Too many are still in denial, just recently moving into fear. This depression will have *many* false bottoms - to part the optimists with thier wealth. Keep your powder dry, there is a lot more left in the bear yet. The bounce we are in now may go on for a bit but then it'll get back to reality, which is still trending down.
By June 1930, with the depression 8 months old, "[t]he panic had subsided and the wreckage had been cleared away. Most people could look about them and see just about where they stood." Though the spring had passed "[t]here was an air of puzzlement but the optimism was there, too" with many still expressing the belief that " 'prosperity is just around the corner.’ "
As the author explains (48-49) this idea: "would be repeated and repeated. When the fall had some and gone, people talked about the upturn that would come the next spring. The next spring people would say that the upturn would come in the summer, and so on. The thing is that people really believed this. They had a blind faith in it, and because they did, they set up a pattern of living called 'hanging on.’
From oftwominds
Keith still in denial just like in a time lomg ago
Finally got a fast connection to watch the video.
I see lots of DESPERATION.
And d*ckhead Cramer is dead wrong about "people's" wealth being wrapped up in the market. I'm 98% cash and anyone with half a brain cashed out too.
d*ckhead Cramer just spouts what he thinks his viewers want to hear.
Hey Mitesh, are you a bot or an human? You just post clichés several times a day.
This is despondency
http://tinyurl.com/c3dlls
Incredible must-watch clip.
This is a clip of a borrower calling the show questioning why he should continue to pay for a home for which he owes so much more than it is worth. The guy bought the home for $600k and put a 50% down payment on it. Now he owes $350k due to neg-am but the value has dropped from $600k to $270k. This guy has been destroyed losing $300k cash.
remember keith, burnett said we must get used to a new reality. it is strange to hear them say such a thing. keith, does that sound to you, like there will be a recovery? a recovery? a recovery to what? the game is over. we lived a lie based upon credit. now the bills have come due. as jimmy hendrix would say, And so castles made of sand melts into the sea, eventually.......yep, it is over for the united states and most of the western world. we have no industry. we have crushing debts that cannot be paid. we have 40 million illegal aliens living here. and on and on it goes. so i ask you keith. what is there to cause us to recover? what does recovery mean?
Keith,
is this a REAL market mover or just a bluff http://www.cnbc.com/id/29513722
Mark to market new rules by congress.
Hey Mitesh, are you a bot or an human? You just post clichés several times a day.
I.. am a bot...... Shall I stop posting?
I.. am a bot...... Shall I stop posting?
just the Indian's clichés.
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