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Good News: SDCERS Discussing Lowering Interest Rate on DROP Account
Response to post #2: But if SDCERS lowers the interest paid on the DROP pot, it would represent a step in the right direction. Best, Don Bauder =========================================== Don, lowering the interest rate a point or two on DROP is like trying to trying to stop a dam from breaking with a 5 oz. bottle of Elmers glue. It ain't going to do jack sheet. In addition, the expected rate of return on pension fund assets is still set at 8.5% even though Calpers has lost 35% of fund value in the last 2 months and in the private sector the rate of return is set at 4%.— October 21, 2008 3:49 p.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
Fumbler comes and goes with posts that are weeks apart. Makes me wonder if he spends time in county. How about it Fumbler-you a jail bird???— October 20, 2008 11:37 p.m.
County Continues to Lose Jobs in September; Construction, Real Estate Big Losers
Don't expect a rebound of this local economy soon. This could be the start of a period like the late 70's with persistent sky-high unemployment that took years to work out. ============================= I agree, it will be a long period of bad times.— October 20, 2008 6 p.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
I am going to go on record today and state today that KFC Sanders will do nothing-not do a thing- to improve San Diego's fiscal standing or problems. To me Sanders is a big fat zero. A loser. He has basically been in office for 4 full years and has nothing to show for his tenure-zero, nada, nothing. I predict the remaining 4 years will produce the same results. If tax revenue drops too low KFC Sanders will be FORCED to file BK (as will numerous other muni's), ut that is the only possible scenario I see with anything at all happening with Sanders in office.— October 19, 2008 1:05 p.m.
Is Socialism Seductive? Or Was Today's Huge Rally More of a Technical Bounce?
answer my own post #7: It appears that Countrywide was able to buy lots of different pieces as subsidiaries, and then essentially cherry pick which regulatory body would oversee (or not oversee) each individual piece of their business. They then move different types of business to a subsidiary that will have the least regulation and the most opportunity for fraud in that particular area. Can we put Mozilo in jail already? ============================================= The FBI and US Attorney's office in LA has brought charges, or is in the process of bringing them, against some major sub prime lenders based in LA. I am sure Countrywide is at the top of that list. I would guess that charges have already been brought under seal and the FBI is wrapping up loose ends, trying to refine their case. We will see very soon if Mozilo goes down.— October 19, 2008 12:59 p.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
Anybody favoring a pro sports subsidy in this economy should not get into political office -- in fact, should see a psychiatrist. =================================== LOL Don't forget tarred, feathered and run out of town on a pogo stick-in any economy.— October 18, 2008 9:13 a.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
just sitting back, hoping and praying things change accomplishes nothing. Since you have expressed your disdain for both major parties, calling them both corrupt, perhaps it's time you expanded your field of vision ======================================= I agree 100%. I watch Lou Dobbs every single day and he is an Independant, and urges all his viewers to register as Independant also. I no longer am registered with or follow the Democratic party, which I had since I was 18 years old. I am disgusted by their actions, especially with public unions. It used to be the Democrats would stand up for the little guy against Big Business-now they just stick up for the Public Unions while destroying the poor and middle class. I voted H. Ross Perot in 92 and 96, and Nader in 2000 (that was a mistake). This year I am going with Obama, but I think McCain would also be a big improvement over Bushie. I don't care who is elected November 4, as long as Bush is out in January I will be a happy camper.— October 17, 2008 12:23 p.m.
Lawsuits Filed Across Nation Against Countrywide Will Be Heard in San Diego
Yes, an explanation is needed. ==== This district is the busiest in the entire nation. The notion that we have capacity here is a bald faced lie.— October 16, 2008 5:08 p.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
That joke about Zsa Zsa getting that cat off her lap is far and away the most talked-about joke ever on the Carson show ================================= I think the "cat" tale is an old wives story. The funniest thing I ever saw on Carson was when he had Dolly Parton and and her well endowed chest came up and Johnny said he had no business making comments on it, but that he would "give a years pay to just take one peak"......LOL— October 16, 2008 8:39 a.m.
Ben Bernanke, Henry Paulson prepare for bank bailout
Yes, Maria is a good interviewer. === ============== Yes, but much better eye candy.— October 16, 2008 8:35 a.m.