On Sat, 17 Apr 2010 15:47:20 -0400, wrote:

On Sat, 17 Apr 2010 14:51:11 -0400, bpuharic wrote:

i DID save for my future you MORON

WALL STREET STOLE IT!!!

where the **** have you been for the last 2 years you blithering
IDIOT??

I have been watching my stocks shoot up like they did in the 90s. What
were you doing?

while you were sitting on your fat ass listening to limballs

i was putting in 60 hour weeks, paying taxes and working for a living.

Watching a stupid money manager ride the market to
the bottom with a buy and hold philosophy?
You seem to be the only one here who's 401k hasn't recovered.

guess you dont read the net much. no one's stocks have come back.
you're a moron

and, in fact, it's mathematically impossible for them to do so.

On Sat, 17 Apr 2010 18:38:18 -0400, wrote:

On Sat, 17 Apr 2010 15:50:31 -0400, bpuharic wrote:

guess you dont read the net much. no one's stocks have come back.
you're a moron

What "net" the whining of people like you who don't even own stocks?

ever hear of 401K's. no wonder the right hates the middle class. they
don't know anything about our situation

I read the stock market closings every day and I gave you some of my
stocks that far more than "recovered". In fact, since 2007 I only have
one loser.(EXP) simply because I overestimated the effect of the
chinese drywall problem. Win 5, lose one I can take that.

let's see...if you had 100K in 2006. the average drop in 401K's was
40%. that means your 401K is now 60K

to get back to 100K youd have to gain 40K or 65%.

any 401k"s up 65% in the last year?

nope

the right is out of touch with normal people

On Sat, 17 Apr 2010 20:35:49 -0400, wrote:

On Sat, 17 Apr 2010 18:51:40 -0400, bpuharic wrote:


to get back to 100K youd have to gain 40K or 65%.

any 401k"s up 65% in the last year?


I don't pay that much attention to my 401K day to day but I know it is
worth 2.2 times more now than it was in 2001 (the only old statement I
turned up when I was digging out the tax tables).

mine is worth about what it was i 2001. so i've lost about 9 years.
and i'm 55. how does wall street give me those back?



the right is out of touch with normal people



If your 401k manager's head was a quarter inch out of his ass he knew
the market was crashing soon by 4q 2006

bull****. no one saw it save folks like roubini, etc. hell, t hey
just indicted goldman sachs for fraud because they defrauded some of
the world's most sophisticated investors.

if the guys who were DOING this **** for a living didnt see it, how
was middle class america supposed to?

you right wingers ALWAYS want to blame middle class america for wall
street's lies and deceptions

On Sun, 18 Apr 2010 01:07:36 -0400, wrote:

On Sat, 17 Apr 2010 21:36:21 -0400, bpuharic wrote:

On Sat, 17 Apr 2010 20:35:49 -0400, wrote:




If your 401k manager's head was a quarter inch out of his ass he knew
the market was crashing soon by 4q 2006

bull****. no one saw it save folks like roubini, etc. hell, t hey
just indicted goldman sachs for fraud because they defrauded some of
the world's most sophisticated investors.

You are talking about the phony derivatives scams, the market would
have crashed without that, it just wouldn't have needed the TARP to
fix it.

correct. but the CDOs...beyond the 'synthetic' ones...went from 1B in
'96 to 60 TRILLION in 2006.

so tell me how you cover that?



if the guys who were DOING this **** for a living didnt see it, how
was middle class america supposed to?

They weren't "doing it" if they didn't see this one coming.

ROFLMAO!! if they SAW it coming by committing fraud...what happened to
the professional investors, the rating services, etc, who DIDNT see it
coming??


you right wingers ALWAYS want to blame middle class america for wall
street's lies and deceptions

No I wouldn't blame anyone but myself for not seeing this crash
coming.

gee. and if you come home one day and find your house burglarized, do
you blame yourself? you're gonna die someday. you gonna blame
yourself?

that's the problem with the right. they never blame criminals...IF the
crooks are rich

In article ,
says...

On Sun, 18 Apr 2010 08:22:31 -0400, bpuharic wrote:

On Sun, 18 Apr 2010 01:07:36 -0400, wrote:

On Sat, 17 Apr 2010 21:36:21 -0400, bpuharic wrote:

On Sat, 17 Apr 2010 20:35:49 -0400, wrote:




If your 401k manager's head was a quarter inch out of his ass he knew
the market was crashing soon by 4q 2006

bull****. no one saw it save folks like roubini, etc. hell, t hey
just indicted goldman sachs for fraud because they defrauded some of
the world's most sophisticated investors.

You are talking about the phony derivatives scams, the market would
have crashed without that, it just wouldn't have needed the TARP to
fix it.

correct. but the CDOs...beyond the 'synthetic' ones...went from 1B in
'96 to 60 TRILLION in 2006.

so tell me how you cover that?

There is no way to cover that. The money never existed
The government is trying to fix it by just printing more money.


if the guys who were DOING this **** for a living didnt see it, how
was middle class america supposed to?

They weren't "doing it" if they didn't see this one coming.

ROFLMAO!! if they SAW it coming by committing fraud...what happened to
the professional investors, the rating services, etc, who DIDNT see it
coming??

Lots of people saw the crash in housing and knew the market would
follow that down.
If you can find things I wrote in 2004 you will see I saw it coming.
The prices in housing were simply unsustainable.


you right wingers ALWAYS want to blame middle class america for wall
street's lies and deceptions

No I wouldn't blame anyone but myself for not seeing this crash
coming.

gee. and if you come home one day and find your house burglarized, do
you blame yourself? you're gonna die someday. you gonna blame
yourself?

that's the problem with the right. they never blame criminals...IF the
crooks are rich

I would blame myself for not locking the door and having security
measures in place.
If you are asking what I think should happen to the people who caused
this, throw them in jail.
Obama's answer HIRE THEM as his advisors.!
I am looking at Geithner on TV pontificating about outlawing things he
advocated when he was in charge of the NY Fed and I should be
watching him in an orange jumpsuit pickling up trash on the highway.

I try to be as objective as possible about political matters, so it not
with any malice that I suggest a corollary to having people such as
Geithner and Summers in such high positions in the Obama administration
is that of Werner von Braun as the head of the U.S. space program.
The U.S. employed a number of ex-Nazis after WWII, for what I believe to
be cynical motives. Personally, I believe as you do, that hanging them
would have been the better option.
I do believe we can muddle through challenges without the aid of the
black hearted.
It is sad that both political parties support these people who have
shown such bad judgment in the recent past.
Is it any wonder that the population is disturbed?
Or are they?
It seems Mr. Bpuharic would be pleased if Geithner and Summers would
pump up his 401k to the level it was before the crash.
And ignore that that reliance on Wall Street is what led to our current
economic ills.
It is a strange world.
I sometimes get a customer who absolutely insists on a smaller shoe
than is healthy for her. She will jam her feet into those shoes.
I will not assist in this, BTW, and do my best to warn her off.
But in the end, I can not refuse to sell her the shoes.
It is the most disheartening aspect of my job, and I am only saddened
more by learning of the death of one of my long-time customers.
Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.
Most of my customers who mention their 401k are happy that they have
recovered as much as they have.
I alway demur from financial discussions, but customers will talk.

Peter

On Sun, 18 Apr 2010 11:24:55 -0500, "Peter (Yes, that one)"
wrote:


It seems Mr. Bpuharic would be pleased if Geithner and Summers would
pump up his 401k to the level it was before the crash.
And ignore that that reliance on Wall Street is what led to our current
economic ills.

uh no. i'm not rush limballs. im not a right wing devotee of the 'free
market'. you have me confused with someone else or, more likely, you
dont know what part the 'chicago school' played in the meltdown

i favor the french approach. ban CDO's and CDS. tie them to assets.
make the banks keep higher assets to cover losses. divorce proprietary
trading from banking.

of course, the right wing opposes this. a senator from new hampshire
said last week he's worried that CDO's would go to singapore if the US
regulated them

so you support his view of reality?


Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.
Most of my customers who mention their 401k are happy that they have
recovered as much as they have.

betcha few of them are close to retirement

In article ,
says...

On Sun, 18 Apr 2010 11:24:55 -0500, "Peter (Yes, that one)"
wrote:


It seems Mr. Bpuharic would be pleased if Geithner and Summers would
pump up his 401k to the level it was before the crash.
And ignore that that reliance on Wall Street is what led to our current
economic ills.

uh no. i'm not rush limballs. im not a right wing devotee of the 'free
market'. you have me confused with someone else or, more likely, you
dont know what part the 'chicago school' played in the meltdown

Yes, I know it well enough.
Please don't misunderstand. I actually am in agreement with many of
your views.
I too am not happy with the 401k system, as it designed to benefit Wall
Street, not retirees. I see it as a form of socialism for the wealthy.
But I choose not to benefit from it to any great degree as a matter of
principle. Yes, I contribute to the extent of matching contributions,
but my contributions all go into a very low return money market fund.
My salary does not justify putting more in for the tax savings.
Since I don't feed the beast we both seem to abhor, I am not concerned
with it.
That is the only issue of real disagreement I have with you.
Your 401k protestations calls to mind "I have seen the enemy, and he is
us."
I am a frugal person, and avoid debt and save what I can.
I am not expecting a rich environment in retirement, but nor have I in
my working life.
Selling shoes in a way that keeps my customers happy is fine with me.


i favor the french approach. ban CDO's and CDS. tie them to assets.
make the banks keep higher assets to cover losses. divorce proprietary
trading from banking.

of course, the right wing opposes this. a senator from new hampshire
said last week he's worried that CDO's would go to singapore if the US
regulated them

so you support his view of reality?


Of course not.

Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.
Most of my customers who mention their 401k are happy that they have
recovered as much as they have.

betcha few of them are close to retirement

Actually, many are. It is my understanding that those who consistently
contributed to 401k equity funds starting +20 years ago are well ahead
of the game even now.
I suspect they held on during the recent dive, and didn't move their
equity investments into other funds.
But I never get into that sort of detail with a customer.
Out of curiosity, and I don't mean to pry, doesn't your 401k show a
hefty profit over contributions?
I think much of it is a matter of timing, and those who entered in more
recently got "screwed." Does Ponzi come to mind here?

Peter

On Sun, 18 Apr 2010 16:46:55 -0400, wrote:

On Sun, 18 Apr 2010 13:37:10 -0400, bpuharic wrote:

Most of my customers who mention their 401k are happy that they have
recovered as much as they have.

betcha few of them are close to retirement

Bubba I have been retired for 14 years. My 401k has recovered nicely.

that accounts for your love of being lazy and shiftless

On Sun, 18 Apr 2010 13:03:08 -0400, wrote:

On Sun, 18 Apr 2010 11:24:55 -0500, "Peter (Yes, that one)"
wrote:

Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.

I just see the irony in someone who has all of his future dreams and
aspirations tied to wall street and then demonizes it as much as he
does.

ROFLMAO!! hey genius

what choice did i have. the 'chicago school' of reagan and friedman
told the middle class that if we unregulated the free market, our
401k's would be safe. we wouldnt need pensions because the rich needed
our pension money, and our 401k'd would be fine

or, i guess you're too stupid to realize george bush proposed to to do
for social security what was done to 401k's.

I would think a guy like that would be 100% invested in government
guaranteed paper.

i love it. the right wing ignores the fact 100,000,000 middle class
wage earners got raped by wall street. after all, wall street NEVER
makes mistakes. it's infallible because it's free market

another measure of how much the right HATES the middle class and
worships wall street

On 18/04/2010 11:39 AM, bpuharic wrote:

what choice did i have. the 'chicago school' of reagan and friedman
told the middle class that if we unregulated the free market, our
401k's would be safe. we wouldnt need pensions because the rich needed
our pension money, and our 401k'd would be fine

Born yesterday? But you believe Obama today? Doomed to repeat.

or, i guess you're too stupid to realize george bush proposed to to do
for social security what was done to 401k's.

Uh? Social security will be broke before too long, I wouldn't count on
it being increased to keep up with inflation. Obama has other ideas for
the money than to shore up social security. Besides Obama is in a debt
spiral.

I would think a guy like that would be 100% invested in government
guaranteed paper.

i love it. the right wing ignores the fact 100,000,000 middle class
wage earners got raped by wall street. after all, wall street NEVER
makes mistakes. it's infallible because it's free market

another measure of how much the right HATES the middle class and
worships wall street

Raped by corruption, yes. Again, Wall Street is just a 10 month mirror
into the economic outlook of the markets. Don't be such a simpltom
sheeples.

--
Time to ask, is our government serving us or are we serving the government?