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| User Info | Weekend Ticker Update - Petition Time in forum [Ticker] | |||
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Genesis Posts: 71412 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/archi....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-07-20 14:07:39
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Fidgit Posts: 14065 Incept: 2008-02-18 
AllyBammy
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Thanks for this, Gen :) ---------- I say it's spinach, and I say the hell with it.
2008-07-20 14:46:55
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Francynemarie Posts: 430 Incept: 2007-11-01
San Jose, CA Online
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Fantastic!
2008-07-20 15:15:30
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Stormsailor1981 Posts: 8449 Incept: 2007-06-26
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done, and sent off to all my e-mail addresses. still haven't received e-mail confirmation yet.
2008-07-20 15:29:08
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Genesis Posts: 71412 Incept: 2007-06-26
KD^2
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Storm, check your spam folder or go back and re-sign (you might have mis-typed the address); emails go out INSTANTLY. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-07-20 15:42:21
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Krzelune Posts: 2078 Incept: 2007-10-08 
DFW
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Gen, I will sign it. I don't like suggestion 6 that I pasted below, but realize the difficulty in removing too much of their power. The new govt formal liquidity system will eventually get gamed for political and populace behavior modification purposes. The government should provide an honest, fair playing field for the marketplace to offer the loans, and no more. 6. If it is judged that Congress must provide a formal liquidity system for conforming mortgage loans, defined as loans originated with a 20% cash down payment (no seconds, “carry backs”, or other games permitted), a maximum of 36% TI (“back end” ratio), and a fixed rate of either 15 or 30 years, then Congress should establish via separate legislation a formal government program to provide said loans, separately administered and regulated. Such a program must include felony criminal penalties for any form of fraud in the application and underwriting process and be strictly enforced against all who attempt to game the system, including Borrowers, Realtors, Appraisers, Loan Officers and Banks. Such an explicit government underwriter of loans, operated prudently, would inure to the benefit of the Government and citizens as the coupon thus earned would be at a spread to Treasury debt and provide a net tangible budgetary benefit to the United States.
2008-07-20 15:43:19
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Rtfg Posts: 1917 Incept: 2007-06-26
Bazookaville
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Confirmed, and sent to everybody in my address book. Thanks KD
2008-07-20 15:45:20
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Genesis Posts: 71412 Incept: 2007-06-26
KD^2
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Krz, I don't know if we need that sort of backstop or not for mortgage liquidity. But I'm willing to concede that we might, and if it is in fact judged necessary, this is the right way to do it - not bail out Fannie and Freddie. The Government provided one during The Depression, and it was both sound and helped. 50 years later it was corrupted, but that's a long damn time. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-07-20 15:47:15
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Rknoflach Posts: 157 Incept: 2007-10-22
Macomb, MI
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I am sending this baby to everyone I know. This is the most important petition I can think of ever being involved in. It may fail, but as Gen says, this is it. Please donate, or attend the protests, and tell everyone you know. We need this!
---------- All your base are belong to GS!
2008-07-20 16:20:16
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Redfigures Posts: 704 Incept: 2008-02-24
State of Flux Online
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Thanks.........done.
2008-07-20 16:49:07
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790 Posts: 1 Incept: 2008-04-05 Central Florida
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Signed.E-mailing now.Thanks.
2008-07-20 17:06:47
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Steved Posts: 559 Incept: 2007-10-30
chicago
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Signed and sent out to the mailbox. Thanks KD , you are highly appreciated.
2008-07-20 17:26:13
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Acurawsu Posts: 153 Incept: 2008-02-22 Bellevue, WA
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Wow, just wow......another great one from KD!! Signed, and confirmed. I sent it on to my contacts, here is the e-mail I wrote, feel free to use any part of it when asking friends to sign. E-mail I sent: Personally, I hate mass mailings, they are impersonal and usually junk. This is not. We have all seen mass e-mails about "boycotting" gas station, in an effort to bring down the price of fuel. This does nothing to address the fundamental reasons behind our huge increase in energy prices. Please take the time to read the article here, and sign the petition. Link or http://market-ticker.denninger.net/archi.... I have already done both. If we allow Fannie Mae and Freddie Mac to be "bailed out" or otherwise nationalized, we will see a permanent and huge increase in our already high energy prices. It's your choice, we can stop this if we speak up and say NO MORE BULL****! NO MORE BAILOUTS If we choose to sit by and let it happen, we will get exactly what we deserve. It's time to write letters, call radio stations, and stand up for ourselves! Feel free to pass this e-mail around, or (even better) write you own and send this link/petition to your contacts. If you do nothing, you have absolutely ZERO right to complain about high gas prices, high unemployment, high food prices, and the devaluation of our dollar....because when you were warned, you did nothing. You decide. ---------- It is difficult to not marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale. - Galbraith, The Great Crash 1929 Last modified:
2008-07-20 17:47:38 by acurawsu
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Scarlet Posts: 160 Incept: 2008-01-22
MS
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Extremely well done! I have forwarded to all my contacts also, and also to my senators just for another good measure. thanks for the work and effort!
2008-07-20 18:02:36
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Redxxl Posts: 32 Incept: 2007-11-28
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Done...Thanks for all your hard work...and my kids thank you also.
2008-07-20 18:30:42
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Luckyputs Posts: 472 Incept: 2007-07-28
A begging corner near McDonalds
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Thanks, now let's see if my contacts can do some forwarding between bong hits. Seriously, thanks. Live cheap I say, they have 8-packs of jimmy dean sausages at the 99 cent stores.... http://www.ft.com/cms/s/0/c245dc2c-5673-.... US food groups plan hefty price rises By Elizabeth Rigby in London and Hal Weitzman in Chicago Published: July 20 2008 17:15 | Last updated: July 20 2008 17:15 US food companies are preparing another round of hefty price increases as soaring commodity costs force them to pass on rises to consumers ---------- Nancy, get in my tummy. Last modified:
2008-07-20 18:36:39 by luckyputs
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Nightowl Posts: 2279 Incept: 2007-06-26
On a 45 for 18 Online
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Thanks Gen. Your effort is truely amazing. I wish I could get more of my friends to take an interest in economics and politics. The problem I keep running into is people do not want to cause anything that might devalue their 401k or pension fund. I always tell them they can sit in cash but they never want to. I wish I had a better suggestion so they would be willing to do something.
2008-07-20 18:40:31
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Vmooper Posts: 1189 Incept: 2007-11-30
Bailout ville Online
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Gen, I signed but did not receive the reply message. I re-signed and checked email for accuracy and still, no reply. I will keep looking. I have signed and received response email for every petition to date, with same email address. Might be my email if no one else is having trouble. Thanks for your efforts as always. ---------- "If you don't know where you are going, speeding up is not the answer." -Jeff Macke "If you bail out everyone, nobody gets bailed out." -Jeff Macke "Welcome to Crazytown, population you and me baby." -Jeff Macke Last modified:
2008-07-20 18:52:19 by vmooper
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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For anyone who's having trouble finding the reply messages, make sure you look thru your WHOLE spam folder - a lot of those who send spam date their messages to make sure they appear at the top of the spam list. Even tho I received my confirmation message instantly, I had to look for it - it was buried way down deep in my spam folder. ---------- I say it's spinach, and I say the hell with it.
2008-07-20 18:52:39
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Ckuennen Posts: 142 Incept: 2008-01-25
Southwestern Virginia
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Signed, confirmed, forwarded to many contacts. Bravo Gen.
2008-07-20 18:54:59
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Genesis Posts: 71412 Incept: 2007-06-26
KD^2
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Its there. The system sends them INSTANTLY, and the only ones I've seen bounce are for addresses that are truly unreachable. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-07-20 18:55:31
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Gen, you don't need a seperate government agency. You've got one - HUD. And if it requires that loans not exceed the median for the area that is fine. If you can't come up with a 3% downpayment you don't need to be buying a house. And if you need government assistance for a downpayment a 1500 sq ft 3/2/2 in a decent neighborhood better work for you.
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-07-20 19:30:32
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Tom_joad Posts: 1 Incept: 2008-07-15 East TN
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That was one of the best petitions I have ever read.
2008-07-20 19:32:09
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Stormsailor1981 Posts: 8449 Incept: 2007-06-26
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yeah, the acknowledgement was about 100 items down in my spam folder. i found it about 20 seconds after posting that.
2008-07-20 19:35:49
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Acgreyhound Posts: 4983 Incept: 2007-08-20
Worcester, MA Online
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Done. Thank you.
---------- a/k/a Angry Douche
2008-07-20 19:54:04
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