Sorry made misleading comments above:
FDIC only insures checking, savings, CD's and IRA's.
Great site to see if your funds are insured: MyFDIC.gov - will tell you what of your investments are FDIC safe.
401K's are stocks/bonds vulnerable to market fluctations. Only options are to hold onto until market improves - change to safer funds or Money Markets/Bonds. Can but don't wanna cash out as hugh tax fee unless crisis.
Best for young to stay w/stocks as can wait longer and older to stay safe w/bonds although less return on money - same general rule as always.
If panic and people cash all moneys out they will not get any return on monies but inflation will continue to grow so will loose money more than leaving in either insured FDIC bank or safe bonds, etc. Not to mention where are ya gonna put that is safe????? Maybe safe deposit box?
Other correction: Republicans (Gov't) didn't change laws on mortgage loans, etc. but the commision that is supporsted to oversee and regulate failed miserably. I hate too much gov't regulation but it is necessary in these type cases.
Businesses should be held accountable and not wait till crisis and have gov't bail out at tax payers expense. They don't save small business.
AIG was hugh issue - gov't bailed out w/$85 billion loan for 2 yrs using AIG's assets as equity at 79%...in otherwords if AIG fails to repay gov't will own AIG at our expense.....
Nuff said...just wanted to correct misstatements above so as to not badly confuse or affect anyone.
Probably should have put this on dump but started as kinda joke fun to have MOP play game saving world and their own self and families.
xoxo
We've added new hugs! Send some love to your friends now! 
Discussion Topic
Financial Crisis - Meeting Suggested
Posted on 09/16/08, 11:24 am
As ya know world is shocked/scared as they should be by Wall Street stock drop lowest in decades and actual Wall Street firms, AIG Insurance and even Hewlett Packard, manufacturing, etc buisineses already or soon be going bankrupt? Thousands of unemployed! This will be a dominoe effect of horrific porportions.
As ya know this will trikel down in every avenue of US life as we know it! Gov't ain't got the money to save it as it was wasted on pork barrel funs and unecessary wars. The rich cause the problems and us tax payers pay for it...what happens when middle class is unemployed and homeless & can't pay taxes what then?????
Ironic I used to also be in real estate and there was a law before republicans changed that you couldn't buy a house w/o great credit and only house value = to 25% of salary...then changed where anyone w/o job or credit could buy any house....this is what started this spiral...now NIGHTMARE!
Millions will be layed off so may be opportunity to get open positions here filled. However, may need to use your Goat Security to keep MOP from being overrun by desparet illegal immigrants of all types. US is big enough to welcome all but our island might sink!
Think we all need to get together and have finanacial meeting to access our status. Also assure MOP citizens that we are financially secure. Know our 401K stocks & CD's are protected however interest will be lower. Thank god for overseas banks in Switzerland-need to look at moving funds there. Or I guess we can make our own!
However, may need to make quick decisions on where to move stocks and diversify more! I would tell all to make sure they never put over $100K cash or CD into 1 bank - use several banks so FDIC will insure ya. But anyone w/indiviually owned stock god bless em! Also, be very aware when investing in their own company's stock regardless of matching!
We don't need the money but could be opportunity to buy stock, business & real estate. Then after investments grow as eventually will we can use profits to provide US cash for economic crisis, help charities and service organizations. China is buying most of US while cheap - maybe we can buy before them and help save US from their own ignorance and prevent communisim!
It's about time some body helped the US instead of the US saving the world while letting itself die a slow death. We could just let it fail but we at MOP are better people than most of world. Just my opinion.
Who is your Senior CPA at MOP - I'm sure they got this all under control but if ya don't mind I'd like to see a copy of our financials and current budget. Used to be Financial Analyst so maybe can help a bit. As an independtly owned Country we can set our own financial laws if haven't already? You probably already have as you are so organized....just a bit concerned (understatement of year).
We are probably safe at MOP since not in US - damn aren't these depressions depressing?
Sorry for bummer guys - old job skills don't go away when ya retire or loose most brain functions dammit!
Sure if we all combine brains we can do great!
I know boring subject but had to get outta system and keep bit of optimistic dream! Not all are as blessed as us at MOP including our own families.
As ya know this will trikel down in every avenue of US life as we know it! Gov't ain't got the money to save it as it was wasted on pork barrel funs and unecessary wars. The rich cause the problems and us tax payers pay for it...what happens when middle class is unemployed and homeless & can't pay taxes what then?????
Ironic I used to also be in real estate and there was a law before republicans changed that you couldn't buy a house w/o great credit and only house value = to 25% of salary...then changed where anyone w/o job or credit could buy any house....this is what started this spiral...now NIGHTMARE!
Millions will be layed off so may be opportunity to get open positions here filled. However, may need to use your Goat Security to keep MOP from being overrun by desparet illegal immigrants of all types. US is big enough to welcome all but our island might sink!
Think we all need to get together and have finanacial meeting to access our status. Also assure MOP citizens that we are financially secure. Know our 401K stocks & CD's are protected however interest will be lower. Thank god for overseas banks in Switzerland-need to look at moving funds there. Or I guess we can make our own!
However, may need to make quick decisions on where to move stocks and diversify more! I would tell all to make sure they never put over $100K cash or CD into 1 bank - use several banks so FDIC will insure ya. But anyone w/indiviually owned stock god bless em! Also, be very aware when investing in their own company's stock regardless of matching!
We don't need the money but could be opportunity to buy stock, business & real estate. Then after investments grow as eventually will we can use profits to provide US cash for economic crisis, help charities and service organizations. China is buying most of US while cheap - maybe we can buy before them and help save US from their own ignorance and prevent communisim!
It's about time some body helped the US instead of the US saving the world while letting itself die a slow death. We could just let it fail but we at MOP are better people than most of world. Just my opinion.
Who is your Senior CPA at MOP - I'm sure they got this all under control but if ya don't mind I'd like to see a copy of our financials and current budget. Used to be Financial Analyst so maybe can help a bit. As an independtly owned Country we can set our own financial laws if haven't already? You probably already have as you are so organized....just a bit concerned (understatement of year).
We are probably safe at MOP since not in US - damn aren't these depressions depressing?
Sorry for bummer guys - old job skills don't go away when ya retire or loose most brain functions dammit!
Sure if we all combine brains we can do great!
I know boring subject but had to get outta system and keep bit of optimistic dream! Not all are as blessed as us at MOP including our own families.
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Reply #1 09/16/08 10:52pm
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Reply #2 09/16/08 11:03pm
1 more thing that used to confuse me when laid off and had option to move 401k's w/o penalties:
IRA's make more interest but can't be cashed out until 65?? w/o hugh penalties/taxes. Don't have to pay taxes on interest.
CDs' can be cashed out at anytime it expires or be reinstated at then current interest rate (length of time on CD critical)....less interest than IRA but can be liquid cash in crisis. Must pay taxes on interest.
Don't let broker talk you into Annuity w/o seriously researching...sounds great but has alot of negatives...is insured and makes money but mostly can't touch....generally savings for your children in my opinion. You can get at maturity age but only pieces at a time not entire amount. Hope I got all that right...very complicated so don't trust me...just research research as w/anything you put your hard earned monies into.
I'm sure most know these basics but just in case...hope this helped a bit as it is VERY confusing and complicated...especially in these times when lenders are so corrupt and greedy they are taking hugh risks.
Already heard of 2 people that panicked cashed all out put in home...one was robbed other had house burn.
Sadly Banks' can't afford risks now so people wanting loans / credit will have hard time getting. -
Reply #3 09/17/08 12:58am
You know, This is a serious problem you have brought up, and a real one as well.
I think this is the right place to start a discussion on this issue. This is "Games AND OFF TOPIC" group. This is off topic as far as hcv goes. You are in the right place, and I think we can joke about it, but at the same time address the problem seriously as it is.
As far as the humorous side, I think the UZB and MOP will start using their profits and follow in the footsteps of other countries. We will loan the US government Billions that they will never be able to pay back for years or until another political party is elected. At the same time we are going to buy all of the stocks we can while the prices are down and companies are worthless. Then we will invest in them and make a killing. Then we will buy all of the mortgages and foreclosures available, and all other real estate we can get our hands on. One day, the UZB will be a super power, and they will accept the commando goats in the NATO forces. You have heard of Guerrilla warfare? Just wait till they get a taste of the goats.
Seriously though, the economy has surpassed the war in Iraq in the top ten list. I bet Hoover is turning in his grave. I'm sure George Bush will be remembered as the worst president, he makes Hoover look like Saint Herbert. How in the hell can a country go from a balanced budget with a surplus to being nearly five trillion dollars in debt in only eight years? Gas was fairly inexpensive when Bush took office. I can't believe that anyone would actually support McCain unless they are just total morons. They share the same values as Bush when it comes to the economy. I'm not fooled by todays speech. He has no intension on doing anything or saying anything unless it will help him get elected. Not only is he lying, he is a BIG DUMB ASS! And so is anyone who buys the shit he is saying. Clinton got us out of debt last time, so what if he is a womanizer, we need a Democrat to clean up this damn mess they caused again. Conservatives keep screwing up and screwing the American citizens, and the a Democrat comes along and has to fix it. I wish those bastards would stop being so greedy and think of all of us instead of themselves. Let's look back in time and look at problems vs: politics. Who fixed the depression? FDR, a Democrat. WW2? Truman, a Democrat. Started laying the groundwork for civil rights and other things such as space travel? JFK, a Democrat. You don't have to be a brain surgeon to figure this out. And the American people should stand together and demand that our elected officials do what they promise. McCain can say anything, but without congress and the Senate, he's just spewing shit! And Americans need to get education, cut down on crime, drugs and stop being a bunch of lazy bums.
Shit, I'm just getting started.
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Reply #4 09/17/08 4:28pm
HOW MUCH STOCK TO I HAVE AT MOP, AND I WANT TO SEE A FINICAL REPORT. THANKS,JUST FAX TO ME ASAP -
Reply #5 09/17/08 6:12pm
I'D LIKE TO STAY AT MOP FOR MY LIFETIME. THE GOATS, PIGS, BESSIE AND THE GANG, DUMBO, AND EVEN TINA ARE MUCH BETTER TO LIVE AND DEAL WITH THAN THOSE CLOWNS IN OFFICE.
LET ME HEAR A "HELL YEAH," NEUT! -
Reply #6 09/17/08 11:59pm
Hell yeah Cali.
Fred, send a memo to accounting, I'm sure they will be able to help you.
Did you buy the stock online, or were they part of the employee incentive program? You know we had a split several months ago. Cali has hers invested long term so she will really make out. I still own 75% of the stock, so I still pretty much rule, that's why I wear the crown. -
Reply #7 09/18/08 12:37am
Hahahahaha! Hell yeah Cali and Amen to Neutron!
I used to be the 1 paragraph person (lol) and now seems Neutron is the novelette writer. However, I have to say I couldn't have said it better and totally agree.
I did write an entire 20 pg response on word but by the time I finished and came back to post DS had signed me off....damn did you guys get lucky (lol).....or tell on me and have someone turn me off for sanity of all????
Not only was I gonna seriously respond on Economics but also politics...then attach copy of email to Obama I responded to last night as a email supporter...then copy of ltr I sent to my local sen/rep requesting backing on 2 HepC bills and 1 req for increase in HepC appropriations on CDC 2009 budget bill.....both did agree however as 1 is a doctor and another a health care reformer!
Oh well, gonna go chill in plush condo....then party like hell...try to forget that I know too much about politics and finances..
Who am I kidding...if I didn't care and no one else did then we would continue to allow the fraud and corruption to continue until US no longer functions.
Ok gonna now duct tape fingers so they will stop cause they seem to continue even when the brain is way off somewhere else (lol)...
Fred: Be careful....thank god accounting is at MOP - my company bought out my original company - sent most accountants to Florida and the Tech guys to India (thus my lay off after 20 yrs there)....
Had I kept my 401K as rollover I would have lost over $80K as it was invested in high risk 'American Funds' who are now also going possibly going under soon. My hubby lost $4K this week and only has small 401K...he was smarted and put most his in credit union. My funds are safely invested as I am now retired and am not going back to work in the corrupt corporate world.
Cali and Neutron have the plan!!!!! I'm just gonna keep and eat my cows and catfish - a country gal can survive!!!
Okeydockey then - where is the keg - got my hat w/straws and bikini on!!! -
Reply #8 09/18/08 1:20am
Here's a good one I stold from an email sent to me:
Only in America ......do we use the word 'politics' to describe the process so well: 'Poli' in Latin meaning 'many' and 'tics' meaning 'bloodsucking creatures'.
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Reply #9 09/18/08 6:28am
Excellent observation..... That is so true that it is really sad isn't it? I have to send that to my Sis and Bro-in-law no later than later on today. Let's do up a delicious prime rib from one of your cows and celebrate! One of the goats will do the dirty work I'm sure.
Neut, if you do up the potatoes and salad, I will do up the Creamy apple squares for dessert. We can eat like the rich boys while we sit on the beach of MOP. Anybody out there make a good appetizer? FRED? Oh Fred???
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Reply #10 09/18/08 6:29am
Oh, we may talk then.....!
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Here is a new place where we can play games and post off topic comments, about anything. This group is created because of the new posting policies DS has created. We want to play nice, but we can also think of this as a freedom zone.
