TJ_98370

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TJ_98370
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  • Buying a new car is generally a bad investment, the first few years depreciation is killer. However, if you are the type that keep a car a long time, buying a new car may be the way to go. Maintenance is important with respect to a car's longevity, …
  • I've read that this program morphed into something not originally intended. Note the measly 1 to 2 mpg improvement required for large light duty trucks. Some interpret this as another form of bailout to auto manufacturers so they can rid themselves …
  • David, For the sake of simplicity, perhaps you should define "savings" as a percentage of gross income for this poll.
  • David, Why don't you set up a poll about personal savings rates? That way responders can be anonymous.
  • david_mcmanus wrote: Define mandatory retirement contributions. It's all voluntary last I checked except for social security....... If you work for the Federal Government, deductions taken for your retirement are "mandatory".
  • Along the same line as biliruben' comment: Are mandatory retirement contributions savings? Is reinvested return on investment savings?
  • david_mcmanus wrote: I was just running some numbers and I've determined that my personal savings rate is a whopping 45%..... . Is that 45% of gross or net?
  • . From Market Ticker / Karl Denninger: Banks: Here Come The Option ARM Blowups!
  • Twelve additional bank failures since I last posted this link. Tracking the Nations Bank Failures
  • Hi Jon, . You are right. The graphic doesn't indicate the relative sizes of bad debt. However, it's reasonable to assume that the bad debt would be approximately proportional, relative to other banks, otherwise WaMu would not have been in trouble …
  • I just discovered this very effective interactive graphic illustrating just how big the WaMu failure was, relative to other bank failures. It's worth a look..... . Tracking the Nations Bank Failures .
  • biliruben wrote: What is up with Georgia! Troubled-bank central. . Your right biliruben, this WSJ article addresses that fact: Failed Banks Dot Georgia's Vista The U.S. government's decision to let 10 big financial companies repay t…
  • A couple of good Seattle Times articles related to the health of local banks are linked below - . Washington banks sink deeper, quarterly figures show . City Bank is not looking too good with a 43.95% non-performing assets to total assets ratio.…
  • Articles about two more "vulnerable" local banks linked below - Article dated March 2, 2009; Feds set strict rules for Horizon Bank The Federal Deposit Insurance Corp. and the Washington state Department of Financial Institutions have laid …
  • Interesting to note that Anchor is supposedly one the "vulnerable" banks. Anchor Bank Closes Poulsbo Branch ......It (Poulsbo branch) was one of four Anchor Banks in Wal-Marts to close, all at the same time. The others were in Covington, Hawks…
  • . U.S. Map of Troubled Banks .
  • . I posted a link to this 60 Minutes feature once before awhile ago, but I think the story is becoming more relevant now as it becomes known that a number of small local banks are in trouble. . Video and text - . Your Bank Has Failed: What Happ…
  • . A response to S-Crow's post and a sad story that I fear may be repeated many times throughout the country - How Westsound Became Not So Sound ......"The lessons learned are that any time an institution begins to emphasize growth and share p…
  • . Pndscm, . Be advised, I received similar info about Westsound bank and about a month later it was shut down. It was taken over by Kitsap Bank. I was a bit surprised at how quickly it happened. No problems accessing my funds so far.
  • The cause for this most recent rally is that I just sold all of the stock in my retirement portfolio and put the proceeds into a short term treasury securities fund. Now that I have locked in my losses, we should have a significant bull run. You …
  • The trouble with a state income tax is that they always start out small when first enacted, but they don't stay that way.
  • Ford, GM, and Chrysler announce big losses - 10 Nov 2008 Bailout for Ford, GM, and Chrusler announced - 20 Dec 2008
  • AIG bailout announced - 16 Sept 2008
  • Pndscm wrote: If ya'll haven't seen the latest post on SREP you OWE it to yourselves to take a peek. Mack has finally flipped his lid. . http://blog.seattlepi.nwsource.com/real ... 162121.asp . Whooa! Quite a read, that one........ .
  • Maybe appraisers and realtors were considered too low in the food chain to be worthy of mention?
  • Sniglet - While I agree the program did play up the emotional side of people losing their homes, it did include interviews of these same people in which they admitted their financial troubles stemmed from expectations of ever increasing home valu…
  • I just finished watching "House of Cards" on CNBC. It is an excellent, excellent program with regards to providing an overview of the current "credit crisis". I strongly recommend anyone taking the time to watch it. . It will be shown again on CNB…
  • . A former Bear Stearns economist has the answer! No really! All we need to do is continue with the fantasy real estate valuation process! . How to Fix the Financial Crisis: Suspend Mark-to-Market Accounting .
  • . Subaru posts 2008 sales increase in US . Subaru said Monday (5 Jan 2009) its U.S. sales crept higher in 2008 on strong demand for Forester and Impreza models, making it the only automaker to post a year-over-year sales increase..... .
  • The above is rated as PG-13. Some material may be inappropriate for children under 13.