StreetScooby

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Everything posted by StreetScooby

  1. StreetScooby
    That's a great one. And so few people know how true that is. We are all engines of karma
  2. StreetScooby
    LOL We are all engines of karma
  3. StreetScooby
    Huh? We are all engines of karma
  4. StreetScooby
    I think she would have winced. We are all engines of karma
  5. StreetScooby
    You have the pics? We are all engines of karma
  6. StreetScooby
    LOL We are all engines of karma
  7. StreetScooby
    Actually, my first thought was - "It must have cooled off". We are all engines of karma
  8. StreetScooby
    Has anyone ever suggested that you think about stuff too much? Just curious... We are all engines of karma
  9. StreetScooby
    Is his wife going to help out? Just might work.. If they're relying on their military, ain't happening. Ah, what about water? That's a big topic that rarely gets mentioned in the articles I read. We are all engines of karma
  10. StreetScooby
    The agencies P&I guarantees are still going to happen, mainly because the mortgage paper they've guaranteed is, and will continue to be, performing paper (i.e., the home owners are paying their mortgage). Right now, FNMA and FHLMC "balance sheets" are precipitous using mark-to-market accounting techniques (i.e., they don't have enough "cash" in the company account according to generally accepted accounting principles). If the fed "takes them over", FNMA and FHLMC stock will become worthless. The corporate bonds they have issued will be honored. Likewise, the P&I guarantee that MBS bond holders are expecting will be honored by the US govt (...that will only happen if people stop paying their mortgages, not an issue since it's mainly high quality paper). We are all engines of karma
  11. StreetScooby
    Yep. But, they won't go under. FNMA, FHLMC, GNMA simply guarantee principal and interest payments for mortgages they back. Their underwriting standards are high, and the mortgages they're backing are still performing paper. If you own agency corporate bonds, you'll be fine. If you own agency stock, you're hurting as already shown in the market place. Do I agree with bailing out subprime home owners? Absolutely not. Unfortunately, the situation is much more complicated than that due to securitization of what is basically insurance policies. These insurance policies (e.g., CDOs) now need to be honored, and it's not working out very well for the people who bought the policies. This will be going on for some time to come. We are all engines of karma
  12. StreetScooby
    Even though I don't know you, I'd be happy to show you my latest bruise. I figure we have until Christmas. We are all engines of karma
  13. StreetScooby
    Has anyone passed you a baton in freefall, yet? Did you bring it back to manifest? We are all engines of karma
  14. StreetScooby
    We are all engines of karma
  15. StreetScooby
    Nice grouping! We are all engines of karma
  16. StreetScooby
    IIRC, Daley said there were thousands of hand gun incidents in Chicago, that's why they need the ban . We are all engines of karma
  17. StreetScooby
    Yep, sadly so. We are all engines of karma
  18. StreetScooby
    I'm inclined to think you've never fired a hand gun... We are all engines of karma
  19. StreetScooby
    Not if you know how to use it We are all engines of karma
  20. StreetScooby
    We are all engines of karma
  21. StreetScooby
    What kind of cammo is that? We are all engines of karma
  22. StreetScooby
    LOL! We are all engines of karma
  23. StreetScooby
    Yes, it did hurt. I try so hard sometimes. We are all engines of karma
  24. StreetScooby
    Hi Gawain. Is it safe in here? We are all engines of karma
  25. StreetScooby
    I just harvested a bunch of lettuce. I can't believe how much came in. I was advised to simply cut them off, and they'll regrow again every 30 days. I'll ask around my resources and see what people say. Lots of knowledgeable old timers around my town. We are all engines of karma