southsider2k5

QUOTE (Texsox @ Feb 22, 2009 -> 10:58 PM) No. The problem is the limiters and the very poor execution of installing and making certain the people know how they work. The other problem is people who do not mind living in a country where people just freeze to death in their homes. There are many third world countries where that is a reality. I guess we could devolve into that kind of nation, with a disregard for human life. And taken to the extreme the other way, no one would have any power because no one would have to pay their bills, because the power company couldn't turn off power to those who don't pay. How about a happy medium?

QUOTE (Balta1701 @ Feb 22, 2009 -> 03:12 PM) You should have known better than to get a job with a company that might lay you off or to buy a house when the value could go down and you could lose the job. You should be cowering in a cave somewhere. I promise, the bankers will take care of you. This problem started long before the layoffs did. Also the value of a house going down has nothing to do with the payment you agreed to make being out of your budget. Plus if a person is unemployed, what housepayment are they going to be able to afford?

QUOTE (Balta1701 @ Feb 20, 2009 -> 02:50 PM) So basically you're saying that it allows the zombie bank to get some collateral back for the terrible loan it wrote and therefore it can stay quasi-alive as a zombie bank longer because of how long the foreclosure process takes. I've explained this stuff every single way I know how. I have broken it down from a technical angle, even getting into capital ratios, and the affect that SOX has on those. I really don't know how else to explain it to you. The fun part of this that everyone is totally missing is the effect this will have on corporate taxes. You can only carry a single loss so many years in accounting and taxes. If a bank writes off an asset, their window for using that as a write down is small. By forcing them to take a continual loss for years, maybe decades in many cases. I can't wait to see the assault in 5 to 10 years on companies for not paying their fair share of taxes, when it will be a governmental action, as usual, causing the problem.

QUOTE (Cknolls @ Feb 22, 2009 -> 02:27 PM) So they(White House) tries to b**** slap Santelli after he criticizes the mortgage plan. They say T.V. anchors should be more responsible with their words. How about U.S Senators? Should Dodd just STFU or is it o.k for him to talk recklessly affecting the mkt with every assinine word he says. These guys should be held accountable for what they say. Speech and debate clause was not meant to extend outside of the Halls of Congress. First Durbin with the vets and now Dodd with the nationalization of banks. These guys are morons and should be more careful with their words, right Robert Gibbs? Or is it just everyone who disagrees with you and your boss? Its not a big surprise. This administration gets NASTY when it gets critisized, and it has been that way since the campaign. Its funny that Bush got so much critisizm for saying stuff like you are with us or against us, because Obama might not be saying it, but he is sure as hell doing it.

It also appears that Condit is going to write a tell all book.

I didn't realize how short of a time this kid has acutally been catching. It makes me feel better about where he is defensively as a C. http://www.chicagotribune.com/sports/baseb...0,6956242.story

QUOTE (lostfan @ Feb 20, 2009 -> 02:24 PM) It's not that far outside of the original sphere is it? You'd need your protractor for that one.

QUOTE (Steff @ Feb 20, 2009 -> 01:50 PM) They counted on, and got, and spent the $$ from the '05 run. As they do every year the Sox put all "green" back into the club. I don't think so, but this maybe the first year they run red and don't put anything back into the '10 season. It's been a long time since that's happened. As for businesses, from what I have heard all the suites that were sold last year are still sold this year. Those are the real cash cows of the park. The chairman is worried about that exact thing. http://money.cnn.com/2009/02/18/magazines/...seball.fortune/

QUOTE (NorthSideSox72 @ Feb 20, 2009 -> 01:58 PM) Interesting to think about that LASIK part. He was noted to have a hard time catching up to fastballs. The assumption made, was that it was his swing, that he loaded his bat too much at the top of his swing, etc. That might be true, or, it could have been his eyes, or some of each. Should be interesting to see what happens. If he is trying to recognize the spin of an off-speed pitch, it make sense that he would be late on the fastball if he was having a hard time seeing it.

QUOTE (Dick Allen @ Feb 20, 2009 -> 02:14 PM) Every dog has its day. OC got used and abused by the Dodgers to entice Hudson to sign. I think that leaves Oakland and its $5 million offer, which is probably shrinking as I type. He supposedly is looking for $1 more than Renteria for 2009. He'll need to buy a lottery ticket. Now that is f***ing petty!

QUOTE (Kalapse @ Feb 20, 2009 -> 02:13 PM) Orlando Cabrera's situation still directly affects the White Sox so we're definitely in the proper forum. As for possible suitors, if he wants to start the season in uniform he'll probably sign with the A's netting us a second round and comp pick. Which do you think is more valuable to the Sox? A comp and second rounder, or a later first rounder?

QUOTE (kapkomet @ Feb 20, 2009 -> 02:10 PM) TMI TMI TMI... Could you really see Tex's angle? I hope not. Well to be fair I still needed a proof.

QUOTE (Soxbadger @ Feb 20, 2009 -> 01:39 PM) Id love for Atlantis to be found, but I think that the island of Santorini is most likely what Plato was referring to. Its always the thing that made the most sense to me when combined with legends.

QUOTE (Texsox @ Feb 20, 2009 -> 01:54 PM) That segment would be Dems and Reps. Basically everyone who actually clicked on the link had something to be offended about. I was offended as soon as I saw your angle.

QUOTE (Balta1701 @ Feb 20, 2009 -> 01:00 PM) So basically your argument is that somehow the more expensive and bad for pretty much everyone foreclosure process is cheaper for banks because they can write down the loss all at once? Here's the obvious problem with that...the inter-connectedness of the housing market. Where if people keep going in to foreclosure, it continues to push the value of the neighboring housing down and thus drives them closer to that same point, making even more loans go bad. I would like to ask you this in response...how exactly is taking a partial loss on a loan more expensive for a bank than going through the whole foreclosure process? If the loan is rewritten in a fashion where the people are able to pay, isn't that going to be significantly cheaper for the bank than having to go through the whole foreclosure process and selling the house off for even less value because it's a foreclosure sale? Can you explain to me how exactly having these loans go bad and have the houses go through the foreclosure process and thus having the house sold off for less than what the loan would be re-written for is a better situation for the banks? As I have said a million times before, this stuff just destroys the capital ratios of the banks. Taking a loss now, and getting it off of the books allows them to clear the bad assets off of their books. It puts money back onto their balance sheets and allows them to lend again. This plan not only locks them into a loss, but it keeps the bad assets on their books. Its exactly why the banks keep wanting the "bad asset bank" more than any of the other plans that are being kicked around. The rest of these plans are just going to exaserbate the problems. This plan is also just going to artificially stop the housing market from finally hitting bottom and actually starting to recover.

QUOTE (mreye @ Feb 20, 2009 -> 12:59 PM) You guys start talking about sine and cosine you're really going to piss me off! Quit being obtuse.

QUOTE (Athomeboy_2000 @ Feb 20, 2009 -> 12:35 PM) DRAT!!! False alarm... That's what the government wants us to believe...

QUOTE (Brian @ Feb 20, 2009 -> 12:12 PM) There is one outside of Gurnee Mills. Someone is on strike and they figured a big rat would get people's attention. A Giant rat is a pretty standard part of any union action.

QUOTE (Balta1701 @ Feb 20, 2009 -> 12:37 PM) Which is why a key element of any foreclosure prevention plan has to be allowing bankruptcy judges to do a cram-down, rewriting the mortgage so that there's some loss but the loss in housing value and to the banks is less than it would be if the person simply walked away. The plan is actually worse for the banks. First of all is forces another write down of assets, and it means they will never see that money, thus hurting their capital ratios, and making less money for them to lend. The person walking away from the house at least gives them a chance to sell the house, and get the loan off of their books for good. Instead now it will sit and fester, and it will carry that loss forward. It might be a good plan for people who aren't paying their mortages, but it is terrible for banks. All you have to do is look at what bank stocks have done since that plan was announced to understand what sort of affect this is going to have on the financial industry. We are probably days away from one of the largest banks in the world being shutdown or sold for pennies. Their stock has lost over half of its value since the plan was announced.

QUOTE (NorthSideSox72 @ Feb 20, 2009 -> 12:11 PM) Does Balta count as a segment? Well he can be kinda perpendicular.

So I guess 7286 is the big closing low number on the Dow Jones. After that, the next leg down is in the low 6000's back from 1997/1998. Wow.

QUOTE (NorthSideSox72 @ Feb 20, 2009 -> 11:40 AM) Oh yeah. I forgot about him. And John Kerry if you want to back to 04.

QUOTE (Balta1701 @ Feb 20, 2009 -> 11:09 AM) Somehow Gene Orza knew the players who tested positive in 2003, even though no one at the league or Union was supposed to know that. I wouldn't be surprised if Selig knew, but I have yet to see something that confirms Bud DID know.

QUOTE (NorthSideSox72 @ Feb 20, 2009 -> 11:33 AM) Hillary Clinton, and, who? I know that Obama and Kucinich were consistently against it. I don't know about Dodd, Biden or Gravel. Richardson was a governor, and I don't remember what (if any) statements he made about it when it was being discussed. John Edwards.

QUOTE (Balta1701 @ Feb 20, 2009 -> 10:51 AM) The invasion of Iraq. And there were plenty of Dems who were in favor of it, then against it when the times called for different public stances. A couple of them ran for President.