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To: coug who wrote (190658)3/15/2009 3:38:15 AM
From: energyplay
of 306816
 
OT / I have at times owned some Mercator Minerals, Canadian listed CA:ML, has the Mineral Park copper moly mine near Kingman, AZ.

It appears the moly price has collasped since last fall.

Are there still good size orebodies to be found in Arizona and Southern Nevada, or has it all been worked over ?

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To: Elroy Jetson who wrote (190662)3/15/2009 3:44:12 AM
From: energyplay
of 306816
 
So while the tenants of retail properties maybe going BK, and then bring down the property owners, in the non-retail space the sole reason for their financial failure will due to getting a 3 year loan instead of 7 or 10.


Looks like this could be a giant opportunity for private equity.

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To: Les H who wrote (190705)3/15/2009 3:57:25 AM
From: energyplay
of 306816
 
The time limit should be 7 or maybe 10 years, and it should apply to all schemes, not just Madoff.

13 years is too damn long for all parites to keep records, and thus invites people to create phony documentation, knowing there will be no cross checking documents.

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From: Bank Holding Company3/15/2009 7:42:11 AM
of 306816
 
Jim Cramer On "Daily Show": Full Unedited, Uncensored Video
huffingtonpost.com 

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To: energyplay who wrote (190727)3/15/2009 8:37:20 AM
From: Elroy Jetson
of 306816
 
The refinancing of short-term debt affects retail properties as well as other types of commercial property.

I was surprised to learn my own Father has one of these short-fuse loans on one of his properties, in this case a five year loan. Apparently the low interest rates on these loans and their easy availability made them almost irresistible.

I would have thought that almost anyone can see the obvious vulnerability in this scheme. But then I can't explain why Jack Welch thought it was brilliant to fund General Electric with money having an average maturity of 90 days. And we can see how that's turning out for them.

A significant percentage of the business community took leave of their senses.
.

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To: Sea Otter who wrote (190719)3/15/2009 9:07:12 AM
From: DebtBomb
of 306816
 
WTF is this? Insurance giant AIG to pay $165 million in bonuses
WASHINGTON (AP) -- American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.
biz.yahoo.com 

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To: geode00 who wrote (190724)3/15/2009 9:10:58 AM
From: Giordano Bruno
of 306816
 
“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury.”

-Edward Liddy

nytimes.com 

Gee, your best and the brightest talent already cost taxpayers 170 billion dollars.
Colossal f*ck ups would seem a more fitting description of AIG's senior management.

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To: Sea Otter who wrote (190719)3/15/2009 9:11:01 AM
From: DebtBomb
of 306816
 
"The suburb has been a costly experiment. Thirty-five percent of the nation's wealth has been invested in building a drivable suburban landscape, according to Christopher Leinberger, an urban planning professor at the University of Michigan and visiting fellow at the Brookings Institution."

What a scam....but cramer is telling everyone housing will bottom....summer. LOL. Right before all of the 5 year option arms blow.

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To: geode00 who wrote (190724)3/15/2009 9:39:43 AM
From: DebtBomb
of 306816
 
WHAT THE FUCK IS THAT? Tell me....while the public goes bankrupt and gets thrown into the street....someone do something!

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To: DebtBomb who wrote (190734)3/15/2009 9:51:21 AM
From: Secret_Agent_Man
of 306816
 
more like thrown under the moving train! not enuff people are mad as hell yet?
and are still willing and able to take it up the ass- As a country are we simply too stoopid? I just don't know anymore but have moved to full protection mode-

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