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alstry (35.28)

Why Is Benny The B Afraid Of The Man Who Got It Right?????

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April 04, 2010 – Comments (6)

Instead, our leaders in Washington either willfully or ignorantly aided and abetted the bubble. And even when the full extent of the financial crisis became painfully clear early in 2007, the Federal Reserve chairman, the Treasury secretary, the president and senior members of Congress repeatedly underestimated the severity of the problem, ultimately leaving themselves with only one policy tool — the epic and unfair taxpayer-financed bailouts. Now, in exchange for that extra year or two of consumer bliss we all enjoyed, our children and our children’s children will suffer terrible financial consequences.

http://www.nytimes.com/2010/04/04/opinion/04burry.html?pagewanted=2&hp

IT HAS ALREADY BEEN A YEAR.....

As our politicians and Wall Street executives suck huge salaries while filling our pension/retirement/and investment accounts with more and more toxic debt.....until the money runs out.

http://www.zerohedge.com/article/michael-burry-demolishes-feds-self-perceived-infalliblity-discusses-cost-extend-and-pretend

Maybe Benny The B is afraid what is going to happen if the Fools find out their savings is simply a collection of toxic investments????

6 Comments – Post Your Own

#1) On April 04, 2010 at 2:03 PM, alstry (35.28) wrote:

Remember, a couple years ago Alstry told the Fools that Alstrynomics valued homebuilder SPF's net worth at NEGATIVE $1 Billion dollars......

since then, between a private equity fund investing over $600 million of what is likely pension fund money, and massive tax rebates from government..

WELL OVER $1 Billion of new money has been invested into Standard Pacific....yet the current market cap is UNDER $500 million.

SPF is simply one example of many.....it will not be too long before many of you find out that much of your retirement funds are being invested in money losing/cash flow negative companies simply so exectutives can draw large compensation packages and Wall Street can generate large commisissions.

Whether you can retire or not is really not important anymore....and it appears many on Motley Fool don't care anymore either.....as long as they can enjoy a short term bump in the market.

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#2) On April 04, 2010 at 2:41 PM, alstry (35.28) wrote:

White House braces unemployed Americans for slow recovery

HOW ABOUT NO RECOVERY...UNLESS YOU WORK FOR THE FEDERAL GOVERNMENT OR WALL STREET!!!!!!!!!!!!!

Soon you will understand that America is being outsourced.....keep enjoying the ticker as our nation shuts down.

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#3) On April 04, 2010 at 2:46 PM, alstry (35.28) wrote:

For every positive headline, simply add the words "For Federal Government Workers and Wall Street Workers".....

Economic news getting better

For the rest of the nation and economy, expect many more headlines like the following:

Everything is on the Table For New York Budget

Utah College Students Brace For Another Tuition Hike  

Missouri's March Revenues Collections Falls 18% 

Georgia Loses 600 Child Care Centers in 2009

Honolulu Office Vacancy Reaches 11.4%

Norwich CT - Public School Face Catastrophic Budget Woes

Over 400 California Hotels Are Now in Distress

Average Wages Drop in North Texas 

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#4) On April 04, 2010 at 6:31 PM, oshiri (< 20) wrote:

How's the METRO Sempai Al :^D

     Anyway, as you keep pointing out, we are living in fantasyland.

     Out here on the left coast, the New United Motor Manufacturing Incorporated (NUMMI) plant just closed down. It was a partnership between GM (Government Motors) and Toyota. The last Toyota Corolla rolled off the line this past week.

     So you lose your job and what's your severance pay -- two weeks worth if you're extremely lucky or nothing right?

     Hold on there, if you haven't heard, NUMMI workers are getting $54,000 in severance pay and can go on unemployment insurance, for what, 18 to 24-months???

     I'm sorry Cappers, there is absolutely no reality left in this country.

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#5) On April 04, 2010 at 7:53 PM, alstry (35.28) wrote:

oshi...

No reality????

Here is a bit for you;)

200 teens rally at City Hall against 35000 job cut to Summer Youth ... 

35,000 including suppliers due to the NUMMI plant you mention

US Post Service wants to cut Saturday deliveries—49000 jobs could ... 

30,000 from the space shuttle program

Illinois job cut announcements jump nearly five-fold in March 

AT&T plans up to 100 more job cuts in Birmingham

DC to Lay Off Hundreds of Workers

Technicolor to cut 625 Grass Valley jobs worldwide

City of North Las Vegas to Cut Over 200 Jobs

SOON THE TAX RECEIPTS TO THE FEDERAL GOVERNMENT WILL BE SO LOW THAT OUR ASSETS COULD BE THE LAST PLACE LEFT TO TAX!!!!!

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#6) On April 04, 2010 at 8:04 PM, oshiri (< 20) wrote:

Al-ster . . . 

     Our "fiscally responsible" government will implement a national sales tax or VAT to delay the inevitable. They will temporarily patch a few cracks to extend unemployment benefits and create more temporary government jobs, and we will have "turned the corner."

     We know it's all illusion, but most people don't. And if unemployment goes down under 8.5% this fall, it'll be more of the same from Washington -- no change, no hope, just a 15% sales tax.

    We're turning the corner Sempai Al, all is well. There's a "laser-like" focus on jobs.

     As Beck once said, "I'm a loser baby!" 

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