southsider2k5

QUOTE (Chisoxfn @ Mar 30, 2010 -> 01:34 PM) Hey Mike What you are referring to above has no relevance to SOX. Sox was purely something created to ensure companies evaluated there controls and ultimately appropriately had the necessary controls in place to prevent from Fraud. IT also added a lot of responsibility to upper management to sign off and basically was set-up as a giant CYA for things like Enron. I'm a little confused as to what accounting guidance you are referring to Mike, but my assumption is you are thinking about the mark-to-market? Mark to market comes about because of SOX. Companies have to report asset valuations accurately in real time.

QUOTE (NorthSideSox72 @ Mar 30, 2010 -> 01:19 PM) I see what he is saying about the asset accounting, but its unrealized P&L, so it doesn't matter here (that's where I agree with you). The key parts as to cash flow, and as to taxpayer dollars, is the lack of subsidy (as SS pointed out), and it sounds like the interest amounts go to the Fed Gov't now as income to the D of Ed. Feds still take on default risk in either case, so that is no difference. Implementation costs will rise now however, which will negate SOME of those savings. SOX is all about unrealized P&L. Think about the upsidedown real estate loans putting banks out of business. Its the same idea.

QUOTE (bmags @ Mar 30, 2010 -> 01:06 PM) if obama runs against his signature legislation in 2012 then you'll have a point. He just did it.

QUOTE (NorthSideSox72 @ Mar 30, 2010 -> 01:01 PM) It can't be just an accounting rule difference. That isn't about saving money anyway, that is about asset valuation. Taxpayer dollar savings are about cash flow, not asset and obligation valuation. Where does the tax savings supposedly come from? It is all related. Because of SOX when a bank makes a loan, they have to always have the value of their loan reported on their books. If they are giving out loans below market value, they have to report them as losses, which is counted as a negative against their capital requirments with the FDIC. The subsidy is the payment from the government to make up the difference so that the banks can stay in business while making these sorts of loans. The federal government isn't subject to SOX, so it doesn't matter what the loan's actual worth is. They don't need the subsidy in other words.

QUOTE (NorthSideSox72 @ Mar 30, 2010 -> 12:59 PM) Still doesn't tell me the tax part. I get the part where students could save some money, potentially. But where does this cost FEWER taxpayer dollars? Seems to me it would cost more, just on program implementation. Is the US going to be collecting the interest now? I believe it is two different things. Taxpayers save because they don't have to pay the subsidy anymore to keep the loans at book value, which is where the 50 or 68 billion dollar numbers come from. I think the interest now goes to USA loans, which is basically the DOE.

QUOTE (southsider2k5 @ Mar 28, 2010 -> 01:04 PM) Gee, I wonder why. It is Sabane's Oxley 101. The value of a loan on a companies books has to reflect its value. If the loan is being made at below market value, it has to be shown as a money loser on the books. That is where the subsidy came in. It was the gap between a market value loan and the below market value that the US government forces student loans to be made at. That way a bank wasn't hurting itself with the Federal Reserve by making these loans. Why do they no longer need the subsidy when the government takes over? The government exempted itself from SOX. They can make below market value loans without having to take a loss on them. It is the same reason the Fed Bank doesn't have to do anything with all of the toxic loans it took on. It is exempt. QUOTE (NorthSideSox72 @ Mar 30, 2010 -> 12:11 PM) I'd love it if someone could give me a real answer on this... Obama says that by cutting banks out of the student loan business, it will save taxpayers $68B over the next few years. Where does that savings come from? How is this possible? And please don't give me the "it doesn't, he's lying as usual!" or "because banks are evil and will take profit from taxpayers" B.S., I'd really like to know the math involved here. There you go.

QUOTE (Athomeboy_2000 @ Mar 30, 2010 -> 12:47 PM) Can we get a thread on the student loans topic? I too am curious as to how this all works. What has changed in the loan process? Will my loans be effected? Damn that was a quick split! Anyway, if you loan payment is >10% of i, then you can be adjusted downward.

QUOTE (Athomeboy_2000 @ Mar 30, 2010 -> 12:47 PM) Can we get a thread on the student loans topic? I too am curious as to how this all works. What has changed in the loan process? Will my loans be effected? It sounds like if your loans are >10% of i then they can be adjusted downwards.

QUOTE (Jordan4life @ Mar 30, 2010 -> 12:43 PM) They're going to score some runs. They've got a plethora of young talented arms. But they're all at least a couple years away. I will say the two trades they made in landing Carlos Santana and Chris Perez will pay big dividends this year and beyond. Especially since they gave up two older players who've already seen their best days. Young arms don't equal immediate success. You need some veterans and some leadership, and I just don't see that there.

QUOTE (iamshack @ Mar 30, 2010 -> 12:31 PM) Fixed. I was also thinking of Freddy Garcia and Sergio Santos in that statement. There is nothing to say the AL won't figure him out quickly, or he runs into a wall.

QUOTE (JPN366 @ Mar 30, 2010 -> 11:08 AM) That's true, but I didn't know where to slot him. He's played two whole seasons with B'ham, with no positive progress. They should've sold high on him in 2007. Ever since he landed in B'ham, it's been all downhill. I think the highest value McCullough had was the day he was drafted. It was all downhill after that.

Glad they stayed with 12 pitchers. Odds are someone will fall apart or need a DL trip anyway, so we might as well keep them fresh, instead of pitching once every 10 days or so.

QUOTE (Athomeboy_2000 @ Mar 30, 2010 -> 11:33 AM) Nice little dig by Obama: Kinda like Obama distanced himself from himself on forcing people to buy health insurance?

QUOTE (LittleHurt05 @ Mar 30, 2010 -> 10:51 AM) This is from the upcoming ESPN Magazine, they did 100 computer simulations and the Twins finished 1st more often, but somehow the Indians were next in line, as well as the only team to snag a wild card berth in one simulation. They also dont think much of the division, as the Twins are the only team to average a +.500 finish, at barely 82 wins. http://insider.espn.go.com/mlb/insider/news/story?id=5028413 I agree with how they see Minnesota and Detroit for sure, but Cleveland? I don't see it.

QUOTE (Steve9347 @ Mar 30, 2010 -> 11:18 AM) The Blackhawks really need to pull their heads out of their asses and start winning some f***ing games. The Predators are only 5 points back to take the Central. Vancouver is also five points back for the #2 spot.

QUOTE (KyYlE23 @ Mar 30, 2010 -> 09:11 AM) I am not fully convinced he is still technically alive. I think he may be a zombie at this point, especially given his recent photos It makes sense. Zombies eat brains, JaMarcus Russell has no brains.

QUOTE (Athomeboy_2000 @ Mar 30, 2010 -> 08:20 AM) To play devils advocate, havent we been doing this to Pakistan for a while now? (GOing into another country to take out our enemies... not the country) I'd be willing to bet we do it to Mexico now.

QUOTE (Balta1701 @ Mar 30, 2010 -> 08:15 AM) Different subject. Paul Konerko right now probably wishes the season started a week ago. He's swinging the bat as well as I've seen him swing it since the first half of 2006. Every ball is hit hard. He's driving things every direction, he's got that hard fly ball to RF working just fine, he's hitting balls hard up the middle, down the LF line, everywhere. Here's hoping PK14 realizes he's playing for what could be his last contract. He always hits like this in March. April is the month that kills him. I will say if he carries this approach north, he should be fine. He is thinking up the middle first, and turning on pitches when he gets a count.

QUOTE (knightni @ Mar 30, 2010 -> 12:35 AM) Shipps, rejoin Facebook, I found a group for you! http://www.facebook.com/group.php?gid=5095601877 Whippedbyaho.com

QUOTE (Balta1701 @ Mar 30, 2010 -> 07:48 AM) Well, you do have to admit, that's an offense with some weapons, if you put someone with talent in at the organizing position. QUOTE (KyYlE23 @ Mar 30, 2010 -> 07:55 AM) I think it would take a lot more than adding McNabb to make the Raiders good. They have been the Redskins of the AFC, throwing money around aimlessly with no rhyme or reason, no cohesion, no idea of where they are going. Perfect comparison. Some teams can take a world of talent and turn it into s***. The Raiders are embodiment of this team.

Danks seems like he is tiring, because the ball is getting up in teh zone.

Danks cost himself by being lazy that time.

Anyone know who else is scheduled to pitch tonight?

7-0 after 3.

We've been invaded by land and water for decades now, might as well add by air to round it out...