President Bush plans to address the nation at 9:01 p.m. EDT on the financial crisis (LIVE THREAD)

The Wall Street Journal (excerpt) (subscription required) | September 24, 2008

[Gvl_M3]

Thanks for posting his remarks.

I missed them the other day and am now happy I got to read them.

p.s. Does PhiKap stand for Phi Kappa Sigma?

[LomanBill]

>>My advice.....concentrate on the living
>>UnAmerican Democrat Party.

You let your hatred of the Rats blind you to the fact that there is only one party that matters in D.C. today - and that is the fund raiser party.

Arnall’s history of buying both sides of the aisle does not make him unique - quite the opposite in fact. He’s typical of the carpetbaggers who have infested and corrupted our Republic from within. Just because he had the good manners to die at a convenient time does not let him off the hook.

I don’t care about his kids - as far as I know, they weren’t running the company.

His wife, Dawn Arnall, however, was rather intimate with Ameriquest’s operations it seems; and so there ought to be a nice cell in Federal Prison being warmed up for her.

http://www.google.com/search?hl=en&q=Roda+Oil+Dawn+Arnall&btnG=Search

[roses of sharon]

Cool have at her...I'll be after the commies in Congress who actually have power, and the black Marxist liberation theologian, Obama.

[LomanBill]

[I'll be after the commies in Congress who actually have power, and the black Marxist liberation theologian, Obama.]

 

Ah yes, chasing "the commies", of course.

 

Care to differentiate the various members of the collectivist's taxonomic tree for the class?

 

Corporatism == Collectivism == Communism.

 

But here, let me arrange it in the order you prefer - from left to right:

 

Communism == Collectivism == Corporatism

 

If you really want to effect change in congress, first you'll have to see through the dialectic smoke screen - and go where the real power is:  The Money.

 

"Follow the Money".   You think Deep Throat was just talking about a paper bag given to a bunch of Cuban plumbers?

[roses of sharon]

LOL, cut the drama, it does not work with me.

[LomanBill]

>>(3) kill the bank, divide up its surviving assets among the depositors, and prosecute the bankers?

>>[snip]

>>Choice number three is the only one that makes sense to me.

 

Yep, it's the only choice that makes sense to me too - especially the prosecution part.  Otherwise the thieves will be encouraged to go right back in the watermelon patch - only, since the Fedster Fraudsters are so enthusiastic to help the thieves load up the loot,  with a bigger truck.

 

Thanks for referencing that post.

[PhiKapMom]

It sure does stand for Phi Kappa Sigma. My son is an alum and past President of the University of Oklahoma chapter. When I joined Free Republic in Jan 99 he had started at OU the previous fall and in January when I was looking for a screen name for Free Republic, this named was picked and have had it ever since.

[LomanBill]

>>LOL, cut the drama.

 

No Drama, LOL, just the truth LOL - and it LOL, IS, LOL what it, LOL, IS.

 

And BTW, I ripped all of the Hibiscus bushes out of my yard a long time ago.  Nothing but a nuisance, filled with white flies and useless flowers always falling off making a big LOL nasty LOL mess.

 

LOL.

[worst-case scenario]

Wouldn’t it be simpler to just have Grandma “go home” the way they did in “Soylent Green”? A starving person is so distasteful to see, all those bones and those sunken eyes.

[Gvl_M3]

I thought so.

I’ve seen you around and meant to ask earlier.

I’m a PhiKap from Georgia Tech, class of ‘94

[rubofthebrush]

Right now, illiquidity is slowing loan underwriting, driving down real estate prices, and actually feeding the problem

Thats what TPTB are most afraid. That housing prices will truly match wages.If housing prices were reasonable mothers would not be forced to go to work and would stay home raising junior.

[Paul R.]

Hey, RKBA, Thanks for the thoughts. My business is not presently profitable: I would have to support my family mainly with our savings for several months, and, we CAN get by. But it’s a tricky balance between that and having the money to operate and develop the business into a moneymaker. You know: It’s the old “have to spend money to make money” situation. In a better economic time, I’d say that we’d make it. But if things continue to deteriorate... well, that’s the question, isn’t it? How much and how far, and, how long?

The interesting thing is, I even have a potential new GOOD job lined up, but the CEO / part owner of the company (who is a pretty good friend) has basically said he can’t hire any engineering staff until the economy improves. (He’s a bit worried, too.) And, that job is 20 hours driving time away...

My guess is that my bank is in better shape than average. It is more of a local operation, and seems to be somewhat conservatively run. It’s also “in the Heartland” (a rather large area, eh?) and the popping of the housing price “bubble” is not as much a factor here as in some areas. So, unless the consensus is that really bad times are coming, I’m inclined to keep going (but keep my eyes open!)

As for the IRA, my question is whether IRA’s in general could go “poof”. If not, then there should be enough time for it to recover from whatever happens in the next couple years. I absolutely agree that cashing even part of it out would be a last resort.

I think my biggest problem is having enough money for advertising. I’ll bet FR has a policy against my giving out my web site address in my tagline, don’t they...? :-)

Thanks again.

[newnhdad]

“newnhdad,I hate to say it but people can not afford the heating bills this winter.I work in a thrift store and it sometimes makes me cry.We can hang onto our 2nd property and are OK.It’s kinda like nobody cares and we are all hanging in a noose of their orgy for money.They didn’t play fair and said F you.”

I know. People who aren't as lucky as our families won't be able to purchase oil to heat their homes this winter, this is especially difficult up in new england and the great lakes region. I think there are a few thoughtful people in Washington and we'll see what happens today. I had a friend that worked for Fannie until 2003, he said that the place was going to flop because it's being used as a piggy bank. They instructed him to buy only from certain companies for a high price and sell to certain companies for little or no profit. They knew back then and the democrats that created it and ran it hid everything behind inflated numbers and tricky bookkeeping schemes. Now they want to give the potential profits (not even realized money) to a series of leftwing corruption groups in an attempt to hold on to power.
Glenn Beck said that we need to storm the place with torches and pitchforks. I agree.

[JFC]

“GUNS UP”, Boomer Sooner. We will see you in OK on November 22nd. I had us picked at 11-1 and ou being our 1 loss. Maybe I will be wrong. ;)

[bboop]

Won’t Bush’s speech cut into Obama’s PERFORMANCE tonight? Waaahhhhhh.

I say — if Larry Kudlow and Jim Kramer are on board with this, I’m behind it too. I think McCain’s presence will help keep Harry Reid’s give-aways out of the bill.

Holding out for theoretical purity will not stop a Depression.

[RKBA Democrat]

You’re welcome. Hope it helps. One parting thought on your IRA; your IRA company should offer you plenty of options to diversify or get away from investments you don’t want to be in. If it doesn’t, you might want to switch.