Postby philstar on Mon 15/Dec/08 4:29pm

j2hyde wrote: The whole marketing strategy and branding of the big 3 in their main market is that they make american cars.

You cant claim to be selling "freedom" when its made in china


you can if you still make a few of them in USA so that no one knows which ones are made where:)
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Postby Tama on Wed 17/Dec/08 8:32am

[quote=" http://www.nytimes.com/2008/12/13/busin ... ml?_r=1&em "]The zoning lawyer in Miami trusted him because his father had dealt profitably with him for decades. The officers of a little charity in Massachusetts respected him and relied on his advice.

Wealthy men like J. Ezra Merkin, the chairman of GMAC; Fred Wilpon, the principal owner of the New York Mets; and Norman Braman, who owned the Philadelphia Eagles, simply appreciated the steady returns he produced, regardless of market conditions.

But these clients of Bernard L. Madoff had this in common: They chose him to oversee much of their personal wealth.

And now, they fear, they have lost it.

While Mr. Madoff is facing federal criminal charges, accused by federal prosecutors of operating a vast $50 billion Ponzi scheme, many of his clients are facing an abrupt reversal of fortune that is the stuff of nightmares.

“There are people who were very, very well off a few days ago who are now virtually destitute,â€
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Postby E Dogg Capizzle on Wed 17/Dec/08 8:48am

Hur hur, merkin.
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Postby thorg on Wed 17/Dec/08 8:48am

:pmob: wow, putting money into a scheme that is too good to be true is actually too good to be true :eh:

Wonder how many 'new' Ponzi's will erupt onto the landscape in the current financial climate :huh:
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Postby phunk on Wed 17/Dec/08 8:54am

:pmob: Its nice to see that rich stupid people can be scammed out of their money as easily as poor stupid people.
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Postby bugle on Wed 17/Dec/08 8:54am

Hur hur, E Dogg Capizzle
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Postby Tama on Wed 17/Dec/08 9:03am

bugle wrote: Hur hur, E Dogg Capizzle
I didn't see that :D

phunk wrote: :pmob: Its nice to see that rich stupid people can be scammed out of their money as easily as poor stupid people.

Is the technically correct term "formerly rich yet still stupid" people?
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Postby phunk on Wed 17/Dec/08 9:06am

:pmob: Depends if they "invested" all their money or not :lol:
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Postby neels on Wed 17/Dec/08 3:51pm

Oh dear, there really is no money...

http://nz.biz.yahoo.com/081216/3/9uai.html
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Postby Tama on Wed 17/Dec/08 4:36pm

Crikey

http://money.cnn.com/galleries/2008/for ... index.html wrote:8 really, really scary predictions
Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.
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Postby E Dogg Capizzle on Wed 17/Dec/08 4:41pm

Doom mongering is fun. :)
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Re: Us Mortgage Lender Collapses

Postby Tama on Mon 16/Mar/09 11:33am

Just stumbled across this awesome graph :lol:
http://davidlereahwatch.blogspot.com wrote:David Lereah is the former Chief Economist and Senior VP of the National Association of Realtors (NAR). Between 2001 and 2007, Mr. Lereah regularly made statements regarding the housing bubble. The media regulary turned to him for real estate quotes. He was very influential. Mr. Lereah tells half truths and manipulates facts and figures. He cannot be trusted as he was a paid shill.
housingbellwetherisbv9.jpg
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Re: Us Mortgage Lender Collapses

Postby iodi on Mon 16/Mar/09 11:54am

And here's an updated version of the same index, shown in comparison with the tech bubble (Source).
HousingBubble.JPG
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Re: Us Mortgage Lender Collapses

Postby happybaboon on Mon 16/Mar/09 5:29pm

Whats the next bubble going to be I wonder? I like bubbles.
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Re: Us Mortgage Lender Collapses

Postby Dazzle on Mon 16/Mar/09 5:40pm

Tulip bulbs
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