2009-08-27businessinsider.com

"Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It's a warning to today's investors, who are hoping to extend the rally. "



Comments:

catherine at 04:16 2009-08-28 said:
I BEG PEOPLE TO READ UP ON THE DEPRESSION - YOU ARE RIGHT ON, THE BIGGEST EXPERTS IN THE NATION WERE PUSHING A RALLY BEFORE THE BIG FALL IN THE 30s...........

WE ARE FOLLOWING HISTORY TO THE "T"............AND SOON (TIC TOC TIC TOC) WE WILL SEE THOSE PIGS GREENSPAN AND RUBIN WHO GUTTED THE GLASS-STEAGALL ACT AND STARTED THIS SECURITIZATION HELL DO THE PERP WALK..............

ANDREA MITCHELL IS SOOO BUSY SHOVELING THE LEFTIST FACIST LINE SHE DOESN'T REALIZE THAT SHE IS SLEEPING WITH THE BIGGEST STORY IN THE WORLD............ALL THAT WISHIN AND HOPIN AND PRAYIN DOESN'T WORK WITH FINANCIALS............

REMEMBER LAST AUGUST - ALL THOSE HOMEBUYERS THAT WERE THRILLED WHEN THEY BOUGHT WHEN PRICES WERE DOWN 15%, NOW THEY ARE DOWN 30-50% - NOT TOO HAPPY NOW WITH THEIR PURCHASES NOW, THEY LET LEHMAN DIE ON THE VINE AND THAT WAS SUPPOSED TO FIX EVERYTHING...........AND THOSE EVIL SUBPRIME LOANS WERE ALL FIXED, 12 MONTHS LATER AND THE BAD AIN'T EVEN STARTED YET...............FDIC AND AIG AND PENSIONS...........

THIS IS A SUCKER'S RALLY IN STOCKS, THERE ISN'T ONE FINANCIAL THAT CAN STAND ON ITS OWN WITHOUT UNCLE SAM PAYING THE TAB

PAY ATTENTION PEOPLE - YOU ARE ON YOUR OWN AND DON'T KNOW IT............ Permalink

Lugash Law Center at 04:49 2009-08-28 said:
The world is being made victims to the rule of the private banking industry that controls our money and our elected officials.

It is time to wake up and use the tools we have (Bill of Rights, Constitution)to let the world know that the American citizens rule the land not the government Permalink

MortgageDrummer at 06:52 2009-08-28 said:
The world is being made victims to the rule of the private banking industry that controls our money and our elected officials.
Pretty soon the "press" will be totally owned !!! It's heading that way already. . .the are trying to get rid of the right. . .

Imagine, if you were only able to google certain information. . .

What happened to the library and the research it took to complete a paper?

Our children have already set up their MySpace and Facebook to only reflect the views of their peers.

Imagine when your childrens teachers only teach "their" political views because the largest contributors to the banks are the teachers unions ...

Pretty soon the only information made available to us "will only" be what they "want us to know!"

Hindsight is wisdom, wisdom is knowledge, knowledge is power, power is money. . . . Permalink

catherine at 11:15 2009-08-28 said:
The world is being made victims to the rule of the private banking industry that controls our money and our elected officials.
Pretty soon the "press" will be totally owned !!! It's heading that way already. . .the are trying to get rid of the right. . .

Imagine, if you were only able to google certain information. . .

What happened to the library and the research it took to complete a paper?

Our children have already set up their MySpace and Facebook to only reflect the views of their peers.

Imagine when your childrens teachers only teach "their" political views because the largest contributors to the banks are the teachers unions ...

Pretty soon the only information made available to us "will only" be what they "want us to know!"

Hindsight is wisdom, wisdom is knowledge, knowledge is power, power is money. . . .

Biden warned us to our faces...........

he said we wouldn't like what they were going to do..........

the National Guard is close to being called out in the bankrupt cities - the ones who are firing their police or shutting down their cities for financial reasons..........and marshall law is their specialty...............

all the Facist has to do is cut the satellites, cell phones and Internet AND WE ARE IRAN OVERNIGHT...............

sounds crazy but no crazier than what I have seen done in this country the last 8 months.................. Permalink

MortgageDrummer at 21:36 2009-08-28 said:
[quote="catherine"]all the Facist has to do is cut the satellites, cell phones and Internet AND WE ARE IRAN OVERNIGHT...............

sounds crazy but no crazier than what I have seen done in this country the last 8 months..................[/quote]

Catherine, they want to take away our guns too. . . then what?

You are right , Biden did warn us! There is no justice in the US!

Like someone said at least in Mexico the people (general public) know and "BELIEVE" that the government is corrupt!

People in the US are still going around with their heads up their ***.

What will it take to start a revolution???

You say you want a revolution, weeeeelllll you know. . .We'd all want to change the world!!.. You ask us for a contribution (our tax money) and we're all doing what we can...But if YOU WANT MONEY FOR PEOPLE WITH MINDS THAT HATE. . .

ALL I CAN TELL IS BROTHER , YOU'LL WILL HAVE TO WAIT!

YOU SAY YOU WANT A REVOLUTION . WELL YOU KNOW YOU TELL US IT'S THE INSTITUTION !!! WE BETTER FREE OUR MINDS INSTEAD!!

DON'T YOU KNOW IT'S GOING TO BE ALRIGHT?? Permalink

catherine at 23:40 2009-08-28 said:
all the Facist has to do is cut the satellites, cell phones and Internet AND WE ARE IRAN OVERNIGHT...............

sounds crazy but no crazier than what I have seen done in this country the last 8 months..................

Catherine, they want to take away our guns too. . . then what?

You are right , Biden did warn us! There is no justice in the US!

Like someone said at least in Mexico the people (general public) know and "BELIEVE" that the government is corrupt!

People in the US are still going around with their heads up their ***.

What will it take to start a revolution???

You say you want a revolution, weeeeelllll you know. . .We'd all want to change the world!!.. You ask us for a contribution (our tax money) and we're all doing what we can...But if YOU WANT MONEY FOR PEOPLE WITH MINDS THAT HATE. . .

ALL I CAN TELL IS BROTHER , YOU'LL WILL HAVE TO WAIT!

YOU SAY YOU WANT A REVOLUTION . WELL YOU KNOW YOU TELL US IT'S THE INSTITUTION !!! WE BETTER FREE OUR MINDS INSTEAD!!

DON'T YOU KNOW IT'S GOING TO BE ALRIGHT??

it ain't gonna be pretty in Washington on September 12th, he has the taxpayer, the elderly, the Jews (Israel), the lowly union workers (the unemployed ones)the unemployed, the military (yeah beat up the CIA and bow down to the terrorists) PISSED all in only 8 months.........YOU HAVE TO WORK NIGHT AND DAY TO ACCOMPLISH ALL OF THAT......

people ignored the April 15th marches, called them racist names, people ignored the July 4th marches, CALLED THEM WORSE NAMES, PEOPLE ARE IGNORING THE TOWNHALLS, MAKING UP STORIES AND THE CREEPY CONGRESSMEN ARE EVEN FIGHTING WITH THEM...........................................

yep AMERICA IS PISSED and it took a lot to wake up this sleeping giant.......

but freedom does win, not easy and not soon, but I have never been so proud of my country.........

this is huge, you just don't hear about it, you have to go and find those numbers, there were millions marching July 4th.

THIS PIG WAS ELECTED BECAUSE THE MEDIA AND LEFT RAMPED UP BUSH HATRED, HE IS GONE AND THE REPLACEMENT IS GETTING READY TO HAVE LIBYA'S DICTATOR HERE (FORGET THE SCOTTISH BOMBING :shock: ) AND PUT THE CIA IN COURT.

BUSH DOESN'T LOOK SO BAD, SINCE WE HAVE IN 8 MONTHS ROLLED THE CLOCK BACK TO 9/10 - THIS GUY IS SLICK, CARTER AND LBJ ALL ROLLED INTO ONE, A LEFTIE'S WET DREAM AND THE NATION HAS HAD ENOUGH AND IS READY TO EXPLODE..................... Permalink

catherine at 00:40 2009-08-29 said:
I hope the people that voted for this facist thug are filled with hope and change, CAUSE YOU HAVE BEEN WARNED

http://news.cnet.com/8301-13578_3-10320096-38.html

Home News Politics and Law Politics and Law August 28, 2009 12:34 AM PDT

Bill would give president emergency control of Internet

by Declan McCullagh

Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers from the Internet.

They're not much happier about a revised version that aides to Sen. Jay Rockefeller, a West Virginia Democrat, have spent months drafting behind closed doors. CNET News has obtained a copy of the 55-page draft of S.773 (excerpt), which still appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency.

The new version would allow the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and do what's necessary to respond to the threat. Other sections of the proposal include a federal certification program for "cybersecurity professionals," and a requirement that certain computer systems and networks in the private sector be managed by people who have been awarded that license.

"I think the redraft, while improved, remains troubling due to its vagueness," said Larry Clinton, president of the Internet Security Alliance, which counts representatives of Verizon, Verisign, Nortel, and Carnegie Mellon University on its board. "It is unclear what authority Sen. Rockefeller thinks is necessary over the private sector. Unless this is clarified, we cannot properly analyze, let alone support the bill."

Representatives of other large Internet and telecommunications companies expressed concerns about the bill in a teleconference with Rockefeller's aides this week, but were not immediately available for interviews on Thursday.

A spokesman for Rockefeller also declined to comment on the record Thursday, saying that many people were unavailable because of the summer recess. A Senate source familiar with the bill compared the president's power to take control of portions of the Internet to what President Bush did when grounding all aircraft on Sept. 11, 2001. The source said that one primary concern was the electrical grid, and what would happen if it were attacked from a broadband connection.

When Rockefeller, the chairman of the Senate Commerce committee, and Olympia Snowe (R-Maine) introduced the original bill in April, they claimed it was vital to protect national cybersecurity. "We must protect our critical infrastructure at all costs--from our water to our electricity, to banking, traffic lights and electronic health records," Rockefeller said.

The Rockefeller proposal plays out against a broader concern in Washington, D.C., about the government's role in cybersecurity. In May, President Obama acknowledged that the government is "not as prepared" as it should be to respond to disruptions and announced that a new cybersecurity coordinator position would be created inside the White House staff. Three months later, that post remains empty, one top cybersecurity aide has quit, and some wags have begun to wonder why a government that receives failing marks on cybersecurity should be trusted to instruct the private sector what to do.

Rockefeller's revised legislation seeks to reshuffle the way the federal government addresses the topic. It requires a "cybersecurity workforce plan" from every federal agency, a "dashboard" pilot project, measurements of hiring effectiveness, and the implementation of a "comprehensive national cybersecurity strategy" in six months--even though its mandatory legal review will take a year to complete.

The privacy implications of sweeping changes implemented before the legal review is finished worry Lee Tien, a senior staff attorney with the Electronic Frontier Foundation in San Francisco. "As soon as you're saying that the federal government is going to be exercising this kind of power over private networks, it's going to be a really big issue," he says.

Probably the most controversial language begins in Section 201, which permits the president to "direct the national response to the cyber threat" if necessary for "the national defense and security." The White House is supposed to engage in "periodic mapping" of private networks deemed to be critical, and those companies "shall share" requested information with the federal government. ("Cyber" is defined as anything having to do with the Internet, telecommunications, computers, or computer networks.)

"The language has changed but it doesn't contain any real additional limits," EFF's Tien says. "It simply switches the more direct and obvious language they had originally to the more ambiguous (version)...The designation of what is a critical infrastructure system or network as far as I can tell has no specific process. There's no provision for any administrative process or review. That's where the problems seem to start. And then you have the amorphous powers that go along with it."

Translation: If your company is deemed "critical," a new set of regulations kick in involving who you can hire, what information you must disclose, and when the government would exercise control over your computers or network.

The Internet Security Alliance's Clinton adds that his group is "supportive of increased federal involvement to enhance cyber security, but we believe that the wrong approach, as embodied in this bill as introduced, will be counterproductive both from an national economic and national secuity perspective."

-------------------------------------------------------------------------------- Declan McCullagh is a correspondent for CBSNews.com who writes a daily feature called Taking Liberties focused on individual and economic rights. You can bookmark his CBS News Taking Liberties site here, or subscribe to the RSS feed. You can e-mail Declan at declan@cbsnews.com.

Declan McCullagh, CBSNews.com's chief political correspondent, chronicles the intersection of politics and technology. He has covered politics, technology, and Washington, D.C., for more than a decade, which has turned him into an iconoclast and a skeptic of anyone who says, "We oughta have a new federal law against this." Permalink

MortgageDrummer at 06:51 2009-08-29 said:
Catherine, , , you're really scaring me. . . .

I try to read and keep up on things. . . but WOW!. . .

I really don't think One Bad Ass Mistake America will be voted in next term. . . We need to keep up the push. . . . this is outrageous!!!

I would love to dance in the street with you. . . but I have already left the country!

I lost all hope after I lost everything I had, my business, 776 credit score, our home home of which we loved, our savings and I won't bore you with the rest. . . . I had to leave the country before I lost my sanity and shot a hole in the TV!!!!! , . ..

Without a pat on the back (I don't need it as I still have my self esteem) I built a succesful business for over 18 years. . you know "The no fee loan for the little old lady" that looked like your mother. . . we have done many no fee loans and rec'vd back 10x's refferrals.. . so that's how we did it. . at my office every mornng at 7AM and worked on Sat and Sun. when ever a client needed me. . . . Because I truly love my profession. . . :) :D 8) :lol: Permalink

catherine at 00:55 2009-08-30 said:
Catherine, , , you're really scaring me. . . .

I try to read and keep up on things. . . but WOW!. . .

I really don't think One Bad Ass Mistake America will be voted in next term. . . We need to keep up the push. . . . this is outrageous!!!

I would love to dance in the street with you. . . but I have already left the country!

I lost all hope after I lost everything I had, my business, 776 credit score, our home home of which we loved, our savings and I won't bore you with the rest. . . . I had to leave the country before I lost my sanity and shot a hole in the TV!!!!! , . ..

Without a pat on the back (I don't need it as I still have my self esteem) I built a succesful business for over 18 years. . you know "The no fee loan for the little old lady" that looked like your mother. . . we have done many no fee loans and rec'vd back 10x's refferrals.. . so that's how we did it. . at my office every mornng at 7AM and worked on Sat and Sun. when ever a client needed me. . . . Because I truly love my profession. . . :) :D 8) :lol:

It is scaring the crap out of me too.........while the media and some on this site were bashing all those people who lost their homes starting two years ago I knew better.

Even the worst subprime people would have sold their homes for break even vs. foreclosure.........they lost their jobs AND THEIR LIVES AND PEOPLE KICKED THEM ALL THE WAY DOWN.

This job disappearance has been going on now for 3 years and while those poor people, the weakest at the bottom were losing everything, the smarmy talking heads were bashing them, people on this site wrongly accused them of being crooks, THEY LOST THEIR LIVLIHOODS AND THE WORLD CALLED THEM TRASH.

Well the "good" people are in that boat now and it is still very sad, BUT THEY AREN'T DOING THE BEAT DOWN ON THE FORECLOSED BORROWERS NOW, ARE THEY?

I have lost a career that, like you, I loved and worked hard at and gave away more than I got most times. Nervous buyers knew they could call me anytime of the day and I would get back to them. For 30 years I had a great repeat business, if they had a property question they called me.

I was more financial planner than dirty loan officer as the story NOW GOES. But that is over.

We are making history here guys. You read those dead words on the pages of history of the Depression, BUT WE ARE BECOMING THOSE STORIES AND IT IS THE SADDEST THING I HAVE WATCHED IN MY LIFETIME.

I say to read up and pay attention. People like Hitler and even FDR AND OUR COURSE OUR MESSIAH gain power because people are desperate. This Cicago thug has stolen our private industries, IS trying to destroy the best healthcare in the world, IS LEAVING our nation open to blatent terrorism again and is trashing the hard working sector as scum and taking their hard earned money and giving it away.

The left will only be happy if we are all the same - we should be as bad as Mexico cause it isn't fair that we are free and strive to be better, JUST ASK THEM, THEY WILL TELL YOU.

COUNT ON IT, THIS MESSIAH WON'T BE RE-ELECTED AND I PRAY THAT THEY FINALLY FIND THAT BIRTH CERTIFICATE AND MARCH THIS PUPPET FOR SOROS OUT OF OFFICE NEXT YEAR........................

( :evil: and I love the name "birthers" the left has created for anyone wanting to see the record, last time they made up an ugly name for me it was "right wing extremist" and the first lady blamed me for putting her pig's tool in Monica's mouth..........so I wear their labels proudlybecause it means THERE IS A BIG FAT LIE BEHIND THE STORY)

BUT AMERICA IS AS SCARED AS YOU. I personally don't feel there is a safe place to move outside this country, I think you have said before that you have relatives elsewhere so maybe it is okay there.............

but when the government HAS TO LET THE WHOLE DEAL DELEVERAGE (AND IT HAS TO HAPPEN) the world will be screwed with us and blame us and I think "kill the American" parties will be rampant.

This chicago thug roaming the world telling them that America sucks just makes the world hate us more..................(THEY THINK THAT IF OUR PRESIDENT IS TELLING THE WORLD WE SUCK, WE DO)

NO OTHER LEADER IN THE WORLD RUNS AROUND TRASHING THEIR OWN NATIONS, ONLY SLICK CARTER AND BAMA. And now the pig putting the CIA (our world police) in jail, WELL THAT JUST GIVES COVER TO THE TERRORISTS TO COME AND BLOW UP THIS EVIL NATION.......

THIS IS SCARY AND THE WORST PART IS IT IS JUST BEGINNING......

but the good part MD - is that the love of family and friends and God CAN'T BE TAKEN AWAY BY THIS PIG, BUT HE IS TRYING HIS BEST............

It is scary and I am sorry to be the messenger in some cases but if you read my first posts in 07 and re-arranged some areas of your life it was an easier fall.

I am a very positive person (not about this mess, there is no positive right now) so I think the blessing in this deal is to find out WHO YOUR TRUE FRIENDS ARE, SPEND MORE TIME WITH FAMILY AND ABOVE ALL TAKE THE RISK TO REBUILD YOUR LIFE DOING WHAT YOU LOVE MOST IN THE WORLD (maybe without the big money)..............

A new career takes quite awhile to ramp up, BUT WE SURELY HAVE A LOT OF TIME ON OUR HANDS NOW, DON'T WE? Permalink

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