stock market was up today...

[DancingOutlaw]

oh yeah, now that you mention it. Was’t Trump in on that also?

Trump was at a Russian hooker pee party and Putin told him about the idea. Then he told Bush.

 

[MontyPython]

Who’s lax credit policies?

Alan Greenspan / GWB / Lenders / Banks.

 

[hog88]

Alan Greenspan.

When did he take over Freddie and Fannie?

 

[MontyPython]

When did he take over Freddie and Fannie?

If you're trying to argue Greenspan was not culpable for the lax lending, nobody's going to take you seriously, man.

 

[Velo Vol]

Bullish?

 

[Velo Vol]

If you're trying to argue Greenspan was not culpable for the lax lending, nobody's going to take you seriously, man.

How far do you want to spread responsibility?

 

[MontyPython]

Bullish?

Complete BS headline.

(1) It was a BID for a price, not an actual sale; and
(2) It was for a super cheap derivative of oil (Wyoming Asphalt Sour, a dense oil used mostly to produce paving bitumen), not for an entire barrel of "oil".

A price for a barrel of oil is NEVER going negative. If it did, I would gladly have EVERYONE PAY ME to take THEIR oil away.

Stupid fearmongers.

 

[Velo Vol]

If it did, I would gladly have EVERYONE PAY ME to take THEIR oil away.

What would you do with it? You can't dump it in the river.

 

[VolStrom]

Complete BS headline.

(1) It was a BID for a price, not an actual sale; and
(2) It was for a super cheap derivative of oil (Wyoming Asphalt Sour, a dense oil used mostly to produce paving bitumen), not for an entire barrel of "oil".

A price for a barrel of oil is NEVER going negative. If it did, I would gladly have EVERYONE PAY ME to take THEIR oil away.

Stupid fearmongers.

I have some old gas and oil in a few lawn machines sitting in my garage, come get all of the oil out of them you want.

 

[85SugarVol]

If you're trying to argue Greenspan was not culpable for the lax lending, nobody's going to take you seriously, man.

Barney Frank played a Major role in pressuring Fannie & Freddie to purchase sub prime mortgages in an effort to drive “affordable housing” for low income borrowers.

 

[1972 Grad]

Barney Frank played a Major role in pleasuring Freddie's Fannie to purchase sub prime mortgages in an effort to drive “affordable housing” for low income borrowers.

fyp

 

[hog88]

If you're trying to argue Greenspan was not culpable for the lax lending, nobody's going to take you seriously, man.

How was Greenspan culpable? Granted, I’m no fan of his but I don’t see how you are tying him to that.

 

[85SugarVol]

Coronavirus stimulus-package tax relief: Withdraw $100K from your IRA — and repay in 3 years with zero tax liability

 

[85SugarVol]

They’ve also waived the 10% penalty completely, even if you don’t pay it back.

 

[MontyPython]

How was Greenspan culpable? Granted, I’m no fan of his but I don’t see how you are tying him to that.

Surely you're joking? Dude, he is the very first person I would point to.

"The Federal Reserve chairman — an economist and a disciple of libertarian icon Ayn Rand — met his first major challenge in office by preventing the 1987 stock-market crash from spiraling into something much worse. Then, in the 1990s, he presided over a long economic and financial-market boom and attained the status of Washington's resident wizard. But the super-low interest rates Greenspan brought in the early 2000s and his long-standing disdain for regulation are now held up as leading causes of the mortgage crisis. The maestro admitted in an October congressional hearing that he had "made a mistake in presuming" that financial firms could regulate themselves."

NYTimes:
Greenspan Concedes Error on Regulation

The Guardian:
Recession culprits? Start with Alan Greenspan and Jean-Claude Trichet

Time:
25 People to Blame for the Financial Crisis

Rolling Stone:
How Alan Greenspan Helped Wreck the Economy

 

[Grudenator]

They’ve also waived the 10% penalty completely, even if you don’t pay it back.

Now isn’t a good time to withdraw though lol

 

[1972 Grad]

Now isn’t a good time to withdraw though lol

twss

 

[MOOOOONEY]

March:

Biggest winner: Zoom

Biggest loser: Tesla

 

[MOOOOONEY]

I'm a gambler. Going to load up on the SPXL 3X bull shares when they bottom out and hang on for the ride back up when it comes.

I was actually going load up a few days ago when it hit around $18 but thought it would go lower and now it’s back around $25.

I guess I will wait until the next dip.

 

[85SugarVol]

Surely you're joking? Dude, he is the very first person I would point to.

"The Federal Reserve chairman — an economist and a disciple of libertarian icon Ayn Rand — met his first major challenge in office by preventing the 1987 stock-market crash from spiraling into something much worse. Then, in the 1990s, he presided over a long economic and financial-market boom and attained the status of Washington's resident wizard. But the super-low interest rates Greenspan brought in the early 2000s and his long-standing disdain for regulation are now held up as leading causes of the mortgage crisis. The maestro admitted in an October congressional hearing that he had "made a mistake in presuming" that financial firms could regulate themselves."

NYTimes:
Greenspan Concedes Error on Regulation

The Guardian:
Recession culprits? Start with Alan Greenspan and Jean-Claude Trichet

Time:
25 People to Blame for the Financial Crisis

Rolling Stone:
How Alan Greenspan Helped Wreck the Economy

Barney Frank

 

[85SugarVol]

Now isn’t a good time to withdraw though lol

Of course not. Some people may have no choice though.

 

[hog88]

Surely you're joking? Dude, he is the very first person I would point to.

"The Federal Reserve chairman — an economist and a disciple of libertarian icon Ayn Rand — met his first major challenge in office by preventing the 1987 stock-market crash from spiraling into something much worse. Then, in the 1990s, he presided over a long economic and financial-market boom and attained the status of Washington's resident wizard. But the super-low interest rates Greenspan brought in the early 2000s and his long-standing disdain for regulation are now held up as leading causes of the mortgage crisis. The maestro admitted in an October congressional hearing that he had "made a mistake in presuming" that financial firms could regulate themselves."

NYTimes:
Greenspan Concedes Error on Regulation

The Guardian:
Recession culprits? Start with Alan Greenspan and Jean-Claude Trichet

Time:
25 People to Blame for the Financial Crisis

Rolling Stone:
How Alan Greenspan Helped Wreck the Economy

Ok out of the articles you linked tell me which one says Greenspan had anything to to with setting the credit criteria for a mortgage. Yes Greenspan artificially kept rates too low, for political reasons but he had nothing to do with setting credit criteria.

 

[Thunder Good-Oil]

Repeal of Glass-Steagall, sub-prime mortgage lending, low interest rates/highly leveraged investments, B Frank and Bubba pushing for mortgages for anybody, cheap mortgages creating a real estate Ponzi scheme, big banks repackaging garbage loans and selling as fancy investments, financial institutions hiding their purchased garbage loans in special purpose entities and sliding them off of their balance sheets.

 

[Septic]

 

[norrislakevol]

I was actually going load up a few days ago when it hit around $18 but thought it would go lower and now it’s back around $25.

I guess I will wait until the next dip.

I should have done the same. I bought at 24 a share. If it goes under 20 a share I'll buy more. They way I look at it is that it will eventually.....likely within the next year.......be worth around 50 a share, so I'll set my trailing edge stop/sell then and double my money.