Brilliant… 
This has been one-tough-day…
I struggled all my working days to save the little I have…
I estimate that as of today my savings are worth some 30-to-35% less than they were this time a year ago…
Do I hang on and loose more??
OR…
do I cash it in and pay the Government 40-45% in taxes for cashing it in and taking it as earnings 
?
If I had a coin to flip to take a chance… I would…
If I procrastinate, I may not be able to choose to take it as cash…
My life’s earnings are in someone’s pocket…
as pocket change…
It ain’t lost or misplaced…
Bill…
It’s an outrage. (Well that was big of Fannie).
We are all going to regret this bailout.
Like Ralph Nader said (not an exact quote) If they can
come up with (print) 700bil for these (criminals?),
then they could have come up with that for health care
earlier. Robbed again.
I’m sorry, but other countries are going to see that
you just can’t print money to buy your way out of this mess.
DOW down below 10,000 today, and probably 5,000 by next week.
Bye bye Wall Street.
A major research institution (MRI) has recently announced the discovery of the heaviest chemical element yet known to science. The new element has been tentatively named Governmentium. Governmentium has 1 neutron, 12 assistant neutrons, 75 deputy neutrons, and 224 assistant deputy neutrons, giving it an atomic mass of 312. These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called peons. Since governmentium has no electrons, it is inert. However, it can be detected as it impedes every reaction with which it comes into contact. A minute amount of governmentium causes one reaction to take over four days to complete when it would normally take less than a second. Governmentium has a normal half-life of three years; it does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places. In fact, governmentium's mass will actually increase over time, since each reorganization will cause some morons to become neutrons, forming isodopes.
This characteristic of moron-promotion leads some scientists to speculate that governmentium is formed whenever morons reach a certain quantity in concentration. This hypothetical quantity is referred to as Critical Morass.
What do you do with mortgage problems? That’s a no brainer.
When you find yourself in difficulty, you borrow from a predatory lender. (With chronic health problems, added to the fact you stupidly burnt your previous house down, no one else will give you anything).
Then, when the bastard forecloses, you spend 6 months fighting him in the courts. But, as he can afford a whole host of attorneys, and you can afford bugger all, and you realise that he has the local judges in his pocket, you give up.
You grab what you can, and get out.
So now you’re homeless. But if you’re lucky, you discover that you’ve got more friends than you ever thought you had, so you survive.
And then you realise that you’ve probably only got a few years to live at the most anyway, so, "what the ****!"
You live, you laugh, you play your guitar; what else is there to do? 
Yes sir going to hell in a bucket!
Better enjoy the ride!
Let me just say, we can bail out crooks on wall street but when natural disasters happen like “HURRICANES” the gov ain’t go no money. We can blow the hell outta of another country but when elderly and young folk are being “ABUSED” there’s no funding available for helping.
What’s wrong with this picture you might ask? Cause we sit back and let it be so. Time for the government to answer to the people!
yep - to think we also bailed out Freddie & Fannie so they could continue to take peoples homes away. Burns my ass and breaks my heart. (if that ain’t a Willie Nelson song, it should be)…
kevin -
That is the funniest thing I’ve read in a long time.
Grrrrreat!!!
yep - to think we also bailed out Freddie & Fannie so they could continue to take peoples homes away. Burns my ass and breaks my heart. (if that ain't a Willie Nelson song, it should be)......
Yep, I can hear it, to the tune of Whiskey River!
The day of financial reconning is here, and you HAD to see this coming. Burns my ass that those of us that played by the rules and lived within our means have to bail out anyone…loosing your home because you didnt read the contract, home equity loan to buy 2 new cars, 3rd mortage go on vacation,…TFB! Its not just the financial people/institutes that did this…everbody went right along with it. You would not live as I did, now you can not live as I do.
woxnerw(Bill)
You have not lost anything until you sell. If you owe taxes at the end of the year you can sell off a couple of loosers and take a LONG TERM CAPITOL LOSS against any tax liability. That is if they are not in an IRA,401K,403B, or other defined retirement account. I dont remember for sure but I think you can roll any left over loss forward for 7 years.
Right now cash is king. If you got some hang on to it…wait for the time to swoop in and do some major bargain buying. I am self-employed and have 20+ years before I plan to retire, so I have plenty of time to ride this out and take advantage of the stock bargains to come.
DUFF
Kevin…That’s Brilliant!
Hi duffman:
Being an East Coaster, Canuck, I don’t think those laws/rules apply to us…
But we’re gonna feel the fall-out of how you people are gonna recover from this…
Actually, this has been going on sense the Free-Trade Act has taken hold…
For a good number of years we had a .60 - .70 cent dollar…
Today, we have a .90 - .95 cent dollar…
compared to the Greenback… For one brief moment this summer our loonie was valued at $1.10
Every country in the world deals with Greenbacks…
I don’t understand why you people are being told to bail out the rest of the world…
Is there something big coming down… ?
that we are not aware of…
?
We all pay property tax according to it’s accessed value…
Property owners up here were never permitted to declare our homes as a tax write-off…
If we owned property that we made income from we are permitted to write that off…
Over here we are accessed by one government and we pay taxes to the local government…
So, no arm of the government is responsible for taking the blame for the taxes we pay… That idea is quite socialistic, in my mind…
I’m not so sure that it happens like that anywhere else in the world…
We work for the governments for 8 months of the year…
Then we are left to our incomes for the other 4 months…
On the other hand…
The Petrol Industry’s total fuel production is bought by our governments…
Then it’s sold to the users…
Our governments are the middlemen to the petroleum we use…
Doing that allows our governments to sift through our pockets and take what money we think we have left for heating our over-priced homes… as if…
heating our homes should be taxable…
I consider heat as a necessity for survival…
We should be ashamed of ourselves for allowing our governments this privilege…
I consider myself one of the silent majority…
Shame on me…
I invite any of you to reply to this comment…
Bill…
The day of financial reconning is here, and you HAD to see this coming. Burns my ass that those of us that played by the rules and lived within our means have to bail out anyone....l
Yeah, but if you listen to the fear mongering (and it is yet to be seen if it really is fear mongering...) no bail out would be even worse for you and me in the long run. Meh, who knows. This seems to be a world wide deal at this point. I personally welcome my new Chinese credit over lords.
U wike a chop suey wi’ dat Visa sur? Maybe flied lice?
TG
kevin -
That is the funniest thing I've read in a long time.
Grrrrreat!!!
Wish I could take credit for it, but I heard it read over the radio yesterday while at work. Found it on the web when I got home... copy... paste...uhoh, you don't reckon the copyright police are looking for me, do you?
Freedom of the press(es)
Bill,
Don’t sell - ride it out if you can.
It will take a year or more for this cycle to reverse itself but sooner or later prices will fall sufficiently that people will start to see bargains and start buying again.
I’ve taken a huge hit on my investments as well but if I had $100,000 sitting in GICs or bonds or something right now I’d be putting it in the market - these things are always cyclical and if you don’t panic you can profit from the panic of others.
It’s the BOM that hurt me the most…
When I invested the money, the guy promised me that I’d never come out with less then my investment on a yearly basis…
I took some risk…
as the more risk the more rewards I’d earn…
Then the Mortgage Markets fell on Wall Street (that’s where the BOM had invested my loonies…
as I’ve been told)…
and then, the BOM reported a big loss, it was already too late… So, even if Washington props up Wall Street, I’ll be the last one on the list to receive any money loss from the BOM…
What’s the saying.
?
Ashes-to-Ashes…
Dust-to-Dust
?
That tells me that Ottawa doesn’t deal in Canadian Loonies…
They deal in Greenbacks or Swiss Franks…
They have no faith in the people of the Country they govern…
The rest of the world is plundering Canada’s natural resources…
That’s what I think…
Bill…