Comments for AnnuityIQ

Comment on The Fed lost its appeal! by Johnnymustardseed

Johnnymustardseed — Sat, 20 Mar 2010 13:28:13 +0000

I think they spent it buying back our worthless Treasuries from the Chinese. I do not think that a $2 Trillion loss could be hid on the books any company or could it be kept quiet. I remember that time well and saw article of high level Chinese visting Washington and Bush. What would that do to the bond mnarket?

Comment on Andrew Cuomo, can NY ever catch a break? by Johnnymustardseed

Johnnymustardseed — Fri, 05 Mar 2010 23:22:13 +0000

Banksters made the loans out of greed for the fees to people who couldn’t afford, but were told they could. It was not just Democrats that pushed housing.
“Under 50 percent of African Americans and Hispanic Americans own a home,” Bush observed in 2002. “That’s just too few.” He called on Fannie Mae and the private sector “to unlock millions of dollars, to make it available for the purchase of a home”–an important reminder that subprime lenders were taking their cue straight from the top.

Comment on And the Moron of the Week Award goes to… by Ray

Ray — Thu, 04 Mar 2010 01:22:38 +0000

LOL, your rant was very well done! I agree with much of what you said. I believe drugs, some drugs, should be legalized as it would reduce imprisonment and generate tax revenue. Regulating it would probably make it safer and reduce crime overall. We spend way too much on stuff that has a negative impact on society, prison only makes people harder, not citizens. We live in crazy times! The good news is gold is defying the dollars strength, I wish I had bought more below $1100, I was wrong when I thought it would hit 1,000 even.

Comment on And the Moron of the Week Award goes to… by Johnnymustardseed

Johnnymustardseed — Wed, 03 Mar 2010 15:44:22 +0000

Let them eat cake! It is apparent that Democracy has failed. Crime rates are soaring and it will only get worse and these idiots show boat about unemployment for millions. They will not get it until some poor unemployed bastard kicks in their door and takes enough of their stuff to feed their family and I bet they still won’t get it then. They spend $10 billion in a week on war, what a waste. We give Israel $90 billion a year, for what? Here is a crazy idea, quit both wars, pull all troops back including those in Japan, Germany Korea and everywhere else and spend that money on protecting our borders and building real industry here in our own country. Imagine a world where they stopped drugs from coming across the border? I heard something like 80% of prison inmates are drug related. We could free up a lot of prison cells for banker and brokers. Ray how was that for a rant?

Comment on Rate Hike! by Johnnymustardseed

Johnnymustardseed — Wed, 24 Feb 2010 22:41:16 +0000

Ray,
I feel the same way, almost dispondent, I see the future and I wonder what it means for my children. Those CPAC speeches were stupid, I hope you got to see Tim Pawlenty telling everybody to” take a nine iron and smash the window of big government”. What and idiot, we have a $1.2 billion dolar deficit in Minnesota, his idea cut all corporate taxes, while he holds his hand out for $348 million in stimulus money. Joke! The days of tax cuts are over for sure. I like Ron Paul but he isn’t crazy enough for the Republicans though. I sometimes wonder if there is a better place to live? Canada?

Comment on Goldman at the heart of another crisis, again by Life Insurance BC

Life Insurance BC — Tue, 16 Feb 2010 09:44:54 +0000

Thank you for all the great posts from last year! I look forward to reading your blog, because they are always full of information that I can put to use. Thank you again, and God bless you in 2010.

Comment on Who is Nina Easton? by Ray

Ray — Thu, 11 Feb 2010 23:53:40 +0000

I enjoy our back and forth as well. We agree more than you might think as well. As far as Beck is concerned, yes he is pandering and everyone should have figured that out by now, but I support what he is doing. Let me clarify, I support what he is doing when he talks about money and the monetary system, not a lot of the other “stuff” he talks about. I do believe Obama is a radical, but so was Bush, in a much worse way. I am most concerned with our civil liberties as they seem to be under assault from all sides.

As far as the meltdown is concerned, you are correct we almost completely imploded. If Paulson and the FDIC did not guarantee everything that Sunday night, banks were closed on Monday, the entire banking system would have collapsed. However, that may have been what we needed, I know it is radical thinking, but I am not alone in this theory as Elizabeth Warren also believes it would have been bad, but not as bad as most people think. Fortunately or unfortunately we will never know. The stimulus did help, I admit that, but not as much as Obama and Co. claim and we did steal a ton from future demand. My issue is with the fiscal issues as we just fork out money for everything when we are essentially broke! There will be a time when we can no longer kick the can down the road, I think we are almost there, and then 50% unemployment might be the ‘good ‘ol days.’

Health care reform needs to get done, but just not the way they are doing it, we agree on this just in different ways. I agree costs are out of control, but let’s put together a real plan that will control costs. We cannot control costs without being able to shop over state lines and dropping all the goodies insurance companies get, i.e. exemption from anti-trust laws, etc. Medicare does work, but we cannot control costs and any doctor will tell you that if it was not for private insurance they would not even take Medicare, they reimburse $26-$50 an appointment versus private insurers which is much higher. Do not get me wrong I am not siding with insurers, not at all, but I am saying we need them to a degree as the government cannot afford Medicare any longer. We know what we need to do, raise FICA taxes to help fix Medicare and get rid of fraud, even though fraud is a small amount it pisses me off!

We got tough issues and we have bad leadership, across the board, which is a recipe for disaster. I think we are heading for a Greece situation, but there is no one to bail us out. Perhaps if we got a real leader, one who does not care about reelection or their political future, in Washington we might be able to fix out problems, but I fear it is too late.

Comment on Option ARM Resets, Opportunity or Danger by DW

DW — Thu, 11 Feb 2010 19:24:34 +0000

I think that you raised some good points in this article–mainly those pertaining to refinancing and offering other options during this particular period of time. The problem is that a lot of homeowners generally get in over their heads and do not make the best decision for their particular situations. I think that it is important that one actually does the research, rather than just taking a lender or broker’s word for it.

I’ve seen way too many people make poor, hasty decisions like these in the past, and I’m actually looking at my options at the moment. I do think that this article was quite helpful, and I will most likely end up refinancing.

This article has actually been informative and quite helpful in my decision-making process:

http://www.bankapedia.com/mortgage-encyclopedia/faqs/661-when-are-the-drawbacks-to-refinancing

Comment on Who is Nina Easton? by Johnnymustardseed

Johnnymustardseed — Wed, 27 Jan 2010 22:28:36 +0000

You are right about MSNBC but don’t forget that they still have Morning Joe and where did crazy Glenn Beck come from? Back to Obama, I think it is unfair to blame him for this mess. What would you have him do? 30 % of Americans are in poverty. No stimulus whould it be 50%. I listened to Geitner today being haranged by politics as usual. I really don’t think people get how close to complete meltdown we came. That said we could melt down anyday going forward. If the FED stopped buying Treasuries BOOM. If the FED stopped giving banks free money BOOM. If the stock market wasn’t being propped up BOOM The BOOM will happen and no one wants to have it happen on there watch.
32% of Americans have “socialized” medicine.. Medicare ,it worked very well for my father. Do you think that a 54 year old white male and a 51 year old white female should have to pay $21,000 a year for health insurance? No preexisting conditions, god forbid anybody that does. Don’t get me wrong I am angry at Obama, I think his has turned to milk toast, but I believe he is between a rock and a hard place. Damned if he does damned if he dosen’t. I am not patronizing you but what would you do if you were him? Be specific. I really enjoy our back and forth . I hope you are feeling well. I meant to tell you one of my employees got H1N1 and almost died. He was out of work for a month. Glad I got it and recovered after two weeks.

Comment on Who is Nina Easton? by Ray

Ray — Wed, 27 Jan 2010 15:55:52 +0000

I am not disagreeing with you, except on health care reform as I believe it was a bad bill. Simply put, we can do better and there is no need to just have ’something’ out there rather than nothing. Under the current Senate health care bill your health care costs would continue to increase, I guarantee it. Why? Because the bill did not take away the anti-trust exemption and there was no language on cost controls at all! We can do better. I agree that R’s are not helping right now, but there is also distortion coming from the D’s as well. They are padding the filibuster stats, on purpose, to make the R’s look worse than they are, I am not siding with them either. iraq was BS and we all know it, I knew it at the time, but what is done is done, unfortunately. We all know that Fox is right leaning, but MSNBC is left leaning, so what is the difference? We cannot bash one without bashing the other. From my view they both have inaccuracies in their reporting, that is what makes great news! However, since no one watches MSNBC, literally, no one busts them on it except when they scream racism about a black person brining a gun to a rally, they claimed it was a white guy. Then we have Joe Klein calling all Americans dumb because he doesn’t understand how government transfers work. Hell, some of my good friends are liberal, I am social liberal myself, but that article from Klein really summed up how top level liberals really feel about Americans, made me sick.

I also do not think you can say all Tea Party people are racist, we cannot generalize or I will be forced to call Reid a racist as well if we go down that road. I re-read that sing and it was wrong, but his point was about the government controlling us, again I disagree with what he wrote. Whether or not we head for social chaos is not even a question, we are one way or the other. But I do not see one party being the direct cause f it, it was both parties. Hell, they are the same thing on any given day using us as pawns. In my opinion all stimulus plans should be cancelled, I hated Bush’s as well as Obama’s, I am bipartisan on my feelings about waste.