I work in high tech. We are notorious for being an 'up-and-down' industry. My company is making money big time. My next bonus should be pretty big. The rest of the industry is doing good as well.
And the two schools I train at are growing as well.
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams
Which candidate got over $100,000 in campaign money from Fannie Mae and Freddie Mac?
Franklin Raines, Bill Clinton's White House budget director, ran Fannie Mae and made $50 million dollars.
Jamie Gorelick, Clinton Justice Dept official, worked for Fannie Mae and made $26 million dollars.
Jim Johnson, served on Obama's VP search committee, was a Fannie Mae CEO.
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams
Well that seems to be quite a few banks.
Also, people who have money invested in the stock market are going to be hurt, people who have money in mutual funds are going to be hurt, people who have money in CD's are going to be hurt. People with CD's can't get thier money out without taking a penalty. So if they have a CD with a bank thats about to go under their screwed.
Last edited by mkriii; 09-26-2008 at 11:22 AM.
one of the major martial arts business consulting groups just sent out an article saying when the small schools go under, the bigger schools will get even more members from those schools....
in NYC, this may finally bring down the absurd residential and commercial real estate rates. I live in a city where studio aparments sell for a million dollars
those who had big fat bonuses on wall street are definitely going to take a hit, and some of those guys are my clients, but isn't it about time they started living in the real world?
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams
The banks going under are getting bought out cheep by the banks still on top and growing at the losers expense just like it should be. The bailout is not needed, let them go under, so others can take their place.one of the major martial arts business consulting groups just sent out an article saying when the small schools go under, the bigger schools will get even more members from those schools....
- 三和拳
"Civilize the mind but make savage the body" Mao Tse Tsung
"You're certainly intelligent enough to know how to be a good person without the lead weights of religious dogma." Serpent
"There is no evidence that the zombie progeny of an incestuous space ghost cares what people do." MasterKiller
"If there isn't a chance that you're going to lose in a fight, then you're not fighting tough enough competition." ShaolinTiger00
BLOG
MYSPACE
YOUTUBE
The Office of the Comptroller of the Currency (OCC) has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function.
In 2003 the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks.