Comments on: Can we really afford home rule?

By: Al Gore

Al Gore — Tue, 01 Dec 2009 06:14:35 +0000

Bank Failures in Brief
——————————————————————————–
2009
The list of Bank Failures in Brief is updated through November 20, 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).
http://www.fdic.gov/BANK/HISTORICAL/BANK/index.html

By: Mantalooker

Mantalooker — Tue, 01 Dec 2009 05:04:35 +0000

A good Book…

” New Jersey’s Municipal Madness ”
Author Mr. Karcher ( former state rep) deceased. Amazon may have avail. local lib , also

His daughter Ellen Karcher may still be active in Pol. in NJ , Sayreville

The book presented a blueprint and rationale for consolidating the hundreds of NJ towns. Book years old…

Highly regarded when published then…. ha ha ha

I used to love Cardinale collecting campaign $$ at the Asbury Park toll stop… it was legal I think… and at toll exit 114 if you didn’t have exact change you sent it in to the PKWY authority… Exit 114 had lots of envelopes taped to booth with the dime… and then Quarter taped inside… woowwwww…

Sing with Archie and Edith…. ” Thooooossssssseee wereeee theeeee dayyyyyssssss… ”

Never again… watch your #*% wherever you go… even in Holmdel… sorry gang…

Meteoric rise…Astoria to Hazlet to Holmdel to Mantaloking, and NYC… what a ride… sold all in 2005… here in FL…

Remember Meteors drop to earth they don’t rise..lol..

Mlooker

By: still_looking

still_looking — Tue, 01 Dec 2009 04:56:34 +0000

this: http://www.zerohedge.com/article/fed-facing-margin-calls-european-banks

is the article that is causing me angst…

(thanks for the Krugman op-ed)

By: Al Gore

Al Gore — Tue, 01 Dec 2009 04:55:11 +0000

SL,

probably because they are living paycheck to paycheck. Those that arent need to make sure they can keep it that way.

By: still_looking

still_looking — Tue, 01 Dec 2009 04:51:50 +0000

Thanks…Al G and SG,

Currency race to the bottom is on.

BOJ announces yen QE (down 1.1% already) and their market surges 1.3%

Everything I read includes the same line: “This isn’t going to end well…”

Not too many other people seem to notice or care about this though….

By: Al Gore

Al Gore — Tue, 01 Dec 2009 04:47:15 +0000

SL,

Here is a good article that sums it up.
http://www.nytimes.com/2009/07/17/opinion/17krugman.html?_r=2

You see nothing has changed.

By: Shore Guy

Shore Guy — Tue, 01 Dec 2009 04:24:40 +0000

For starters, we don’t get to borrow from overseas anytime during the next 50+ years, so we better not have a budget or trade deficit.

By: Al Gore

Al Gore — Tue, 01 Dec 2009 04:23:57 +0000

252. The US wont default at least not yet. It has a printing press and the debt is denominated in our dollars.

I mentioned earlier and I want to correct a mistake. Money market funds guarantees ended on 9/18/09 not 9/18/10.

Keep an eye on that FDIC. They are already broke as hell and they are lying about the number of banks on their watch list. They came out and said they are 8 billion in the hole but have a 80 billion credit line from the public treasury.

I smell a bank run or bank holiday in 2010. Some would call me crazy but I would rather be crazy and prepared then a sucker. Just keep enough in the bank to cover expenses for 3 months.

The big boys get bailed out and the little banks go bye bye. Good little banks like Hudson City who were responsible over the past few years are going to be interesting to watch.

By: Al Gore

Al Gore — Tue, 01 Dec 2009 04:08:41 +0000

250. Remember what I said about municipal bonds? Lots more of that to come.

By: still_looking

still_looking — Tue, 01 Dec 2009 04:00:30 +0000

Preface: I realize this is probably a dumb question….

What happens if the US defaults its debt?

By: A.West

A.West — Tue, 01 Dec 2009 03:56:09 +0000

PCG,
So that’s what a degree in post-modern literature and ethnic studies is good for? Isn’t this what the anti-immigrant crowd was hoping for? To take back the day-labor jobs from immigrants? Except they probably thought it would come with a $40,000/yr salary and benefits too. That’s government day labor.

By: confused in NJ

confused in NJ — Tue, 01 Dec 2009 03:54:38 +0000

TRENTON — To help close an unexpected budget gap, the state plans to withhold $20.7 million in aid payments to municipalities, a move that could force cuts in services or higher property taxes, according to three legislative sources briefed on the move.

This is the start of Property Taxes going through the roof.

By: PGC

PGC — Tue, 01 Dec 2009 03:33:57 +0000

Back to real estate

Clot/Schumt anyone giving odds that HM will end up picking up Xanadu at pennies on the dollar. They are the only company that can put it to use and make it work. Its funny that one of the best names in comercial real estate is an animal feed company.

Former site Ford assembly plant in Edison undergoing make-over
http://www.app.com/article/20091130/NEWS/91130117/Former+site+Ford+assembly+plant+in+Edison+undergoing+make-over

By: PGC

PGC — Tue, 01 Dec 2009 03:27:57 +0000

The tide changes

Unemployed U.S.-born workers seek day-labor jobs
http://www.app.com/article/20091130/NEWS06/91130111/Unemployed+U.S.-born+workers+seek+day-labor+jobs

By: sas

sas — Tue, 01 Dec 2009 03:21:37 +0000

Deutsche Bank Life Insurance Fund in Hot Water
http://www.spiegel.de/international/business/0,1518,662447,00.html