moukanoid

Don't think that this will be the last bailout for the theives in suits. Now that the precedent has been established and taxpayers haven't revolted violently, more bailouts are sure to come. I heard on CNBC yesterday both candidates are for the idea of giving all the morons who gambled with ARM's would get special 4 3/4 - 5 1/2% fixed rate mortages and that the PRINCIPLE on the loan will also being reduced. Needless to say it will be subsidized with more taxpayer dollars and mortage companies who stand to get stiffed on the deal will pass on unjust higher rates to other responsible and loan worthy applicants. Looks like alot of greedy pencil-necked paper-pushers in suits and irresponsible home buyers have been rewarded while the rest of us pay the price. Just another entitlement obligation for us to pay to go along with the illegals using our system to their advantage, welfare parasites, and the rest of the free riders gumming up the works.

Do you mean cancelled at MTP or cancelled altogether? I thought it was going to DTP. :reading: :reading:

I would Disagree with this statement: Liquidity is not the answer!! Liquidity is the answer and having cash, especially YOUR CASH available when you need it. Lots of people have gotten SCREWED by having their money in someone elses hands and having trust it will be there. Just ask the Enron investors, Bear Stearns, Original Kmart investors, bank depositors during depression who lost it all and thousands of other situations involving millions of people whose assets suddenly bemane non-liquid. Ford Interest Advantage is an on-demand account which means if you have $$ in it you want it liquid so you can access it.. If I wanted to stash cash in a (in hope of) higher yield, "I hope it will be there in 20 years or more scenario", I'd put it in a Roth and pray daily I would get my money some day if it's even around after all the thieving. I'll going back in September also on afternoons but just figure I'll be back in trim or the door line - no letter came my way yet. Good luck to you on the ladder line and maybe I'll be there too. Hope you are enjoying your summer - I am but I don't like the fact that ford is losing money while we sit.. Later

Looks like Ford Credit took their biggest hit ever - $2 billion + for write-downs of their lease loan portfolio. This might be just the tip of the iceberg. http://www.latimes.com/business/investing/...,0,527862.story

Definitely slim pickens out there for safe investments, and govt/muni bonds are an option. I know even they are starting to have some new (and unheard of til now) risk - something about the bond insurers are screwing up that may cause some future mayhem in a up-til-now Very safe form of investment. Thanks to the incorporated form of govt. known as city which has replaced townships, I can see defaults coming down the pike. Just look at all the expenditures and budget problems going on in most townships and cities and every time they can't make ends meet they float new bonds and then even more bonds to pay down the ones coming due. The fed beating down rates has also impacted muni bonds which are paying very low rates right now and it's locked up for years and my feeling is that interest rates will pick up in a big way next year. It seems fairly clear that earnings and assets of 98% of Americans are under assault to prop up a failing system that's been manipulated by a few at the top. While we've been working our tails off and trusting the system, the wizards on wall street have been "makin hay while the sun's been shinin" !!!! Looks like muni bond rates are rising along with more risk on them-http://deseretnews.com/article/1,5143,700242978,00.html

I think finding safe havens that will leave your cash intact (never mind the investment even growing) is becoming tough. I see the stock market as increasingly just another pyramid sceme that pays the fat cats their neverending commission fees and the overvalued company (outstanding shares X price) is getting siphoned off at the top while most stockholders are holding overvalued stock just begging to come down in value eventually. I heard on MSNBC Squak Box this morning that at least 55 smaller banks will go under this year alone and FDIC only has 53 billion dollars to cover them. High Class welfare for wall street in the form of the federal reserve discount window letting every mismanaged investment bank holding those garbage troubled mortgage backed securities can get ca$h using that junk for collateral. I don't think any bank in the world would accept crap collateral to give out cold hard cash except the federal reserve who gives other people's (Us!!) money to imcompetant crooks. Looks like the mostly hurting taxpayer will back those loans to the wall street beggars and could get stuck with Worthless junk that us and our children will have to pay off in the future in the form of a higher national debt with interest. Bear Sterns, IndyMac (huge recent failure), Freddie Mac, Fannie Mae, the list goes on and on with these pencil-necked paper-pushers robbing us blind. Destruction of our currency that is being debased to help out the banks scared to death of having to re-set loans for all the ARM mortgages that will fail but at the same time, the bank's yield curve - their profits on those loans have gone up since they can now borrow money at the artifially low rate (since the fed has dropped interest rates to the beggars in suits and ties) and leave the ARM rate AND fixed rate (actually is rising!!)to their customers untouched. Since inflation has been rampant with much higher fuel costs, food, and just about everthing we buy, it stands to reason the fed should of raised interest rates to defend our currency, but I guess helping out wall street was more important than fulfilling their charter goal of using the fed rate to control infation. Weak dollar means Everything we buy Especially imported goods which is just about everything, will drive prices to unseen levels. Looks like a re-distribution of wealth is in full effect. Argh. Bottom 3 paragraphs raise an interesting question. http://online.barrons.com/article/SB121428...glenews_barrons An interesting article on the state of our banks--http://finance.yahoo.com/banking-budgeting...Banks-Will-Fail

Thanks for the reply, 8A4RE, that's true, and I agree with you. Let me ponder options: Stock market and mutual funds are under capitalized, probably gonna head down and is lookin like a big pyramid scheme, real estate in most regions will be worth less than today for at least the next year or two, FDIC insured CD's - 1.5-3%. Seems like the dilution of the dollar thanks to The Fed's printing press on overtime for all the high class welfare for wall street will cause alot of inflation for all the imported items we buy. Gold is an option but who says the govt. won't ban private ownership like they did from 1935-1974. Time to fasten our seat belts for a rough ride and stock up on lots of ammo.

Hi, I'm new to the forum and am a bit concerned about Ford Credit's future. I have some savings in a Ford Interest Advantage which has been a Great high interest on-demand account for years but I am seeing trouble on the horizon from alot of sources. From what I gather, Ford Credit is on the hook for alot of sub-prime auto loans and the situation is beginning to rear an ugly head. Ford recently announced that Ford Credit is projected to make only 36 million this year compared to 150 or so million last year and even more in years prior and divedends to shareholders were done away a year or so ago which is a sign of trouble looming. High gas prices have squeezed borrowers and with many driving larger gas guzzling trucks and SUV's, they are simply not paying the loans forcing repossesion which costs Ford money and leaves them with a glut of gas guzzlers that have lost value. That must affects new truck sales... Seems similair to the sub prime mortgage mess. I know GM had floating rate on demand account for it's employees backed by GMAC and a whole lotta folks had a helluva time getting their money out with many not being able to withdraw their cash or having limits placed on how much and how often they could withdraw before the situation stabilized. Just wondering if anyone has any good info or an opinion that may be pertinent to this issue. Thanks. I tried to add a link on the subject.. http://www.theaustralian.news.com.au/story...7-20142,00.html