tag:blogger.com,1999:blog-9067736168494850179.post4725832618920246161..comments2023-07-06T11:04:39.992-04:00Comments on upsidetrader: Just Nationalize Alreadyupsidetraderhttp://www.blogger.com/profile/05867859698563421515noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-9067736168494850179.post-52744199352865213682009-02-13T20:39:00.000-05:002009-02-13T20:39:00.000-05:00Yeah, fuck the banks! Hang the bastards. All of th...Yeah, fuck the banks! Hang the bastards. All of them. <BR/><BR/>I thought there was incredible irony in how the general public (lead by the media, of course) reacted to the auto bail out versus the bank bail out. We were pretty cool about the banks but how we //loathed// the auto guys... Was it some sort of self hatred? On one hand we were happy to see the crooks in white collars get everything and on the other we wanted only pain for the largely blue collar car industry... What IS that about? <BR/><BR/>As for the banks, though, their crimes are many and their misdeeds are multitudinous. If George and Dick hadn't spent eight years softening us up to scum bugs fucking us over, perhaps things would be different and we'd actually be in the streets demanding real change, real accountability. <BR/><BR/>The banks knew. They always knew. <BR/><BR/>Now, we're picking up the pieces. Why? Because to them we're just a useless underclass of useless eaters. That's what you get when you have a system that rewards sociopaths from cradle to grave. <BR/><BR/>Welcome to America. <BR/><BR/>Not mine or yours. But it's theirs. We just live here.Jonnyhttps://www.blogger.com/profile/17354397063794056092noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-70391119820710319452009-02-13T13:49:00.000-05:002009-02-13T13:49:00.000-05:00a friend of mine just purchased a condo in San Fra...a friend of mine just purchased a condo in San Francisco. The condo was close to $1M. The problem is the bank did not ask for 20% down payment, they required 70%. Yes, you are reading that correct. I know for a fact that he has $2M liquid in one of his bank accounts and they still raped him. Perhaps because he is self employed. It's just wrong. <BR/><BR/>According to him he will also be cutting back on any "nice to have items" through the remainder of the year.<BR/><BR/>We need to do something. Even people I know that have a crap load of money are suffering from buying paralysis. It's very strange!<BR/><BR/>Nationalize the banks and hang all the bank executives. <BR/><BR/>As the Nike slogan says "Just Do It"GLhttps://www.blogger.com/profile/01028662078630417676noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-86872707345555446562009-02-13T11:26:00.000-05:002009-02-13T11:26:00.000-05:00I have no idea what to think, but I enjoy your com...I have no idea what to think, but I enjoy your commentary and twitter. I find it very interesting that raging capitalists are now begging for bank nationalization! I see you point.<BR/><BR/>I'm a physician with no debt and largely unaffected by this so-called "meltdown", altho I'm sure I'll be swept up into it eventually. I've always thought banks and lending should be a utility with humungous regulation, little leverage and uniform standards-- like a utility.<BR/><BR/>I find it frankly amusing that all the supposed attributes of capitalism has now brought the system to its knees. Makes me glad I turned left into med school and not right into business school lo those many years ago. I may be poorer than Angelo Mozillo, but my soul is still intact.<BR/><BR/>Keep up the great work, Upside.<BR/><BR/>GrodgeTonyhttps://www.blogger.com/profile/03056377038486402824noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-18897018216433638692009-02-13T10:21:00.000-05:002009-02-13T10:21:00.000-05:00j girlholla backj girl<BR/><BR/>holla backupsidetraderhttps://www.blogger.com/profile/05867859698563421515noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-88603330852100721162009-02-13T09:28:00.000-05:002009-02-13T09:28:00.000-05:00Drew is my bro-in-law - I forwarded your post to h...Drew is my bro-in-law - I forwarded your post to him and a link to the background of your twitter page.<BR/><BR/>Holla!Janahttps://www.blogger.com/profile/05146403462902668072noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-89897050067813715672009-02-13T09:13:00.000-05:002009-02-13T09:13:00.000-05:00thanks drew and u know i'm with uthanks drew and u know i'm with uupsidetraderhttps://www.blogger.com/profile/05867859698563421515noreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-83179955936143782322009-02-13T08:50:00.000-05:002009-02-13T08:50:00.000-05:00I have been a commercial Mort banker for 10+ yrs. ...I have been a commercial Mort banker for 10+ yrs. It has always been harder to find good deals than to find good banks to do them. this has CHANGED. The banking industry is holding the US hostage, lower LTV ratios,higher debt coverage requirements all had lead to banks not doing loans, good loans, investment grade loans! Their cost of funds has never been lower and the spreads the are charging the borrowers are at a 10 yr high! Its killing my business and causing a chain reaction. I just canceled my Disney trip for this year,put off home remolding, both of which would have put $$ in the economy. The banks are part of the cause for this problem and they are the cause of the continuing problem. Until the tax payers buy all the bad debt!! What a bunch of BS!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9067736168494850179.post-13441374807583539652009-02-13T08:49:00.000-05:002009-02-13T08:49:00.000-05:00I have been a commercial Mort banker for 10+ yrs. ...I have been a commercial Mort banker for 10+ yrs. It has always been harder to find good deals than to find good banks to do them. this has CHANGED. The banking industry is holding the US hostage, lower LTV ratios,higher debt coverage requirements all had lead to banks not doing loans, good loans, investment grade loans! Their cost of funds has never been lower and the spreads the are charging the borrowers are at a 10 yr high! Its killing my business and causing a chain reaction. I just canceled my Disney trip for this year,put off home remolding, both of which would have put $$ in the economy. The banks are part of the cause for this problem and they are the cause of the continuing problem. Until the tax payers buy all the bad debt!! What a bunch of BS!!Anonymousnoreply@blogger.com