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Union-Tribune is up for sale, company tells employees
Well, it cannot get any worse. It is going to be a "fire sale" with very little $$$ for the dying paper. In addition, an investment banking firm will take a major slice of the sale as a comission, further reducing the $$$ from the sale. If they were smart (msart and David Copley do not mix) they would have shopped the paper on their own to the SMALL handful of potential buyers that could step up to the plate. BUT, if a new buyer plays their carDs right and does not start using their editorial powers on Page 1 (unlike what the current editors do), then there is hope for the paper.— July 24, 2008 6:24 p.m.
More Wall Street Socialism: SEC Wants to Thwart Short Selling of Fannie, Freddie, Brokerage Stocks
It was NOT deregulation of the housing market-it was allowing banks to underwrite home loans with no criteria-anyone who filled out an application was in. No money down-No problem. Bad credit-No problem. Unemployed- No problem. That is what caused the housing market to crash. There was sound underwriting up until 2003-then it went in the toilet.— July 23, 2008 3:18 p.m.
SDPD dog handlers want pay for after hours
Even JohnnyV recognizes skilled lawyering. ======== I only see properly compensated OT-not pension $$$. The problem was the City mis-classified those hours in their computer system. Glad they fixed it though. BTW-I have to admit $300K for an appeal is a bit on the high side-I could have done it for $5K-and done just as good. I am dead serious. Should have kept that in house.— July 22, 2008 9:29 p.m.
County Retail Sales Dropping Sharply; Tax Receipts Will Feel It
You do realize, don't you, that this disaster you speak of was an almost negligible increase in benefits? From 2.9999% at 55 to 3% at 55? At age 50 it was a less than 10% increase. =============================== No it is not a 10% decrease. Dropping 5 years off was a 17% gain. And I want to know where you got the 2.9999% from??? Because according to a lawsuit filed against the pension system by former police officers-they were only getting 2% per year, not 2.9999% or 3%, so they sued to try to get more-they lost. I dont recall the case off the top of my head-I will hunt for it.— July 21, 2008 7:20 p.m.
Administration Wants To Bail Out Wall Street Through Massive Subsidy of Fannie Mae, Freddie Mac. But Market Not Buying It
Response to post #47: I take it you don't like being called "ego boy." ======================== Hahah... that is a PG-13 comment for me-you see the OTHERS!— July 21, 2008 6:30 p.m.
More Wall Street Socialism: SEC Wants to Thwart Short Selling of Fannie, Freddie, Brokerage Stocks
I'll check Grant out-thanks.— July 21, 2008 6:26 p.m.
Administration Wants To Bail Out Wall Street Through Massive Subsidy of Fannie Mae, Freddie Mac. But Market Not Buying It
The U.S. overconsumes and underproduces, and is far too deeply in debt at all levels (federal, state and local governments), consumers, and corporations (which are the best off, but still too leveraged. Financial institutions are ridiculously leveraged.) Best, Don Bauder ================= The WS Investment Banks should not be allowed to leverage themselves as much as they have-because as Bear Sterns points out-they are not the ones that are going to be soaked when they fail-it is the taxpayer. That goes 100 times more for the unregulated hedge funds/private equity firms. Private profits = private losses-not socialized losses!— July 21, 2008 11:21 a.m.
Administration Wants To Bail Out Wall Street Through Massive Subsidy of Fannie Mae, Freddie Mac. But Market Not Buying It
Trestles needs to relax, it's only the Internet.— July 21, 2008 11:18 a.m.
More Wall Street Socialism: SEC Wants to Thwart Short Selling of Fannie, Freddie, Brokerage Stocks
So Asia has a quarter of Fannie/Freddie's debt - no suprise there. I am sure Dubai holds another quarter, or even half the debt, because Americans/America does not have any money left-we have shipped it all overseas with trillion dollar trade deficits. We should just default on it like the Russians did in 1998. Didn't seem to hurt them, and since America is starting to look like the Russian business model more and more everyday why not. Our country is going down the tubes and the idiots at the top (ie Bush et al) don't give a damn. The ONLY people I have heard challenge the trade (errr......"Free Trade") scams are Ross Perot and Jesse Ventura.— July 21, 2008 11:18 a.m.
Administration Wants To Bail Out Wall Street Through Massive Subsidy of Fannie Mae, Freddie Mac. But Market Not Buying It
One other thing ego boy. I am not a frequent poster on the reader blogs. Since my profile says 33 posts I'll go with that. Thats probably 1/10th of what you post so I think your idea of "cosntant harping" is somewhat distorted by your own perceived self importance, like most of what you post. I do have to admit though, alot of us get a kick out of you. Sometimes you are just down right hilarious, although I doubt you intend to be. By trestles 1:27 a.m., Jul 17, 2008 =============================== LOL!..... I didn't see that meltdown coming.— July 21, 2008 8:10 a.m.