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constant struggle

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Posts posted by constant struggle

  1. Well that is why you need to be in multiple banks...

    Also lets give this example, you and your wife can be insured up to 400K

    How???

    Two single accounts each in one of your names

    Mary Single Account insured up to 100K

    Joe Single Account insured up to 100K

    Mary and Joe Joint Account insured up to 200K ( 100K per person)

    Total Insurance 400K

  2. Cramer is a huge moron, if you wanted to make money during the bull cycle, basically you should have done the exact opposite of what he said.

    Cramer is basically an entertainer, his opinion is worthless.

  3. your money is insured up to 100k by FDIC. if a bank goes down your money is safe.

    What happens when we need to bail out the FDIC where they cannot pay the 16 trillion in deposits if most major banks fail?

    Also it is 100K per type of account

    (Single, Joint, Retirement, the Revocable Trust Accounts)

    Also Kunk you aint a balla? 100K in the bank is nothing if you were a true balla

  4. Listen

    1) Cramer is a total moron

    2) The economy built on debt cannot function forever

    3) We are trying to prop up the market with more money which won't work

    4) The media is trying to instill fear to everyone on Main Street

    5) Ron Paul is the man

    6) The Derivatives market is a whole nother laughing matter

    7) Being that the taxpayer is buying this at a price which isn't marked to market, we will be paying too much and won't retrieve the money (inflation will kill us if we do)

    8) If you are debt free you will be better off than most

    9) Housing prices are still historically too high, median house price needs to be 3x median income, from 2001 to 2007 median house price went up 65% whereas median income only went up 16% - this is a huge disconnect

    10) The government cannot dely the inevitable, the market needs to correct itself, supply and demand will win

    11) The LIBOR Rates are getting quite scary (if they keep going up no one will be lending at all!)

    12) The Feds need to raise the rate and save the dollar

    13) I'd rather have a quick downturn recession than a long slow painful one.

    14) Thx for reading

    15) Word is Bond.

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