Comments on: Lab Tries to Hide SL Downturn in 3rd Quarter Economic Report

By: Wow

Wow — Sat, 06 Oct 2012 04:07:19 +0000

Wow. Intlibber. You are so totally on the right track. But what you are missing is that decades ago when Obama was born in Kenya, he was immediately abducted by a socialist-loving alien race who brought him up in a strictly regulated, pro-government matrix run by gays and Jews. It was then that he was shown the future of America and told that he would be not elected, but placed into the presidency in the memories of every living American in order to blame the mortgage apocalypse on the de-regulations of the glass-steagall act. Congratulations!!! This is the FUTURE communicating to you that you are in fact a nut-job conspiracy theorist just like the countless other nut-job conspiracy theorists who find legitimacy in libertarianism! May I refer you to another article on this site – entitled: “dealing with mental illness in second life”? I think you may learn a thing or two.

By: 2 cents

2 cents — Mon, 01 Dec 2008 23:32:23 +0000

“In case anyone wasn’t sure, we are now officially in a recession. That’s according to the National Bureau of Economic Research, which met on Friday and determined that the current recession began in December 2007.” (URL linked to NBER reference just click 2 Cents to go there)

Oil dropped to $47/barrel today and prices at the pump continued the downward spiral! Yay! for lower gas prices – Boo! for here comes the crash!
Still working that “nine-to-five” job and managing to log into WastedLife when no-ones lookin? Not for Long! ROFL

I wonder how many of you virtual pukes are gonna forgo buying “everyone on your list” a krixtmas present so you leave just enough sitting around to dump as spacebux into those Linden Research money grabbing hands that “need not beg” – why no beg you ask? – b/c youre all a bunch of stupid f***ing idiots blindly passing them the Quan with that “deer in the headlights” stare – THAT’S WHY!

Anyone doubting the Luv Guru now?

I’d say “that’s just my 2 Cents worth” ………………….but honestly I’m broke.

LOL

By: Pappy Enoch

Pappy Enoch — Tue, 25 Nov 2008 21:32:13 +0000

“Linden Research will fail in 2009″

OMFGawd. The end o’ the fake wirld am nigh!

Well WHEE HOO. If’n I are the last feller left:

Wun) I gits awl o’ them thar knotty wimmin hoo am left a-pinin’ fo’ a reel man
Tu) I kin live in Guv’nur Linden’s Manshun
Tree) I will be (by dee-falt) the han’sumest feller in SL
Fo) I will haf tu git mee a reel furst life agin’ (dang it)

By: 2 cents

2 cents — Mon, 24 Nov 2008 10:24:07 +0000

“If Sununu had succeeded in 2005 with his bill, the current mess would be nowhere near as dire as it is now.”

With all due respect;

The deluge of sub-prime loans that precipitated this current dilema were not peddled merely from 2004 and forward. You’d best do some research and see the long protracted build up that contributed to the “current mess”. Self serving blog entries like yours do nothing to enlighten or educate people. This isn’t a “liberal” vs conservative issue Int. Go look for statistical data before you spout off. Senator Sununu’s success in 2005, as much as I agree would have been the right course of action, would have done nothing to stem the default tidal wave already destined to come crashing down on the financial institutions.

“No where near” is subjective blah diddy blah coming from you. Make a f’n case for yourself or STFU! – with all due respect…

By: IntLibber Brautigan

IntLibber Brautigan — Mon, 24 Nov 2008 06:59:20 +0000

Oh Geeze, McClatchy is as tired a biased leftie rag as you can find.

Of course Fannie and Freddie are not direct lenders, they were the launderers for the savings and thrift banks that the CRA forced to make bad loans. The thrifts would have Freddie and Fannie take bad loans off their hands to create the false impression that the CRA was a successful program for them, as Freddie and Fannie would take the bad loans off their hands and bundle them in mortgage securities to dump on the big investment banks which had no experience investigating the mortgages in these securities, and trusted Freddie and Fannie to not lie to them.

Of course the article focused almost entirely upon the clinton years, however it was the time since 2004, when the democratic majority House made increasing homeownership a priority. Good legislators like Senator Sununu, among others, sought to bring Fannie and Freddie under tighter scrutiny. The Democrats in congress prevented such attempts from becoming law. If Sununu had succeeded in 2005 with his bill, the current mess would be nowhere near as dire as it is now.

By: Intlibber is an idiot

Intlibber is an idiot — Sat, 22 Nov 2008 20:40:37 +0000

Fannie and Freddie didn’t write mortgages, dummy.

Read a damned paper instead of listening to Limbaugh, you might learn something.

http://www.mcclatchydc.com/251/story/53802.html

It boils back to the repeal of Glass-Steagall. NOT Freddie and Fannie “giving loans to poor people”.

Idiot.

By: 2 cents

2 cents — Sat, 22 Nov 2008 10:42:59 +0000

“This is all due to democrat racial politics.”

Don’t be ignorant man. Maybe this shit started with the Clinton admin but the f’n “Bush Years” kept the same shit going – if not “and then some” – in an effort to prop up the economy following 911. Anyone that draws huge distinctions between the Donkeys and the Elephants using f’n stereotypes and generalisations has spent too much time in isolation and not using their greymatter. Home ownership has ALWAYS been a simple way for any governing body to spawn and brag about continued economic growth. Just like the way they’ve been telling people inflation has been under control for so many years based on some outmoded grocery basket of CPI items, when everyone knows better and can’t ignore the simple truth that prices have been going up on a whole host of things even after factoring out the price of OIL.

How about the way these Elephants have been saying the economy has been in good shape until the hammered dropped in October?

There’s been plenty of koolaid being chug’d in all quarters if you ask me.

Democrat, Republican, they’re more the same then different; centrist bullshit big money corporate sellouts that don’t give a shit about what’s really going on is more like it.

But that’s just my 2cents…

By: IntLibber Brautigan

IntLibber Brautigan — Sat, 22 Nov 2008 04:45:00 +0000

Norton you idiot,
Anybody who knows anything knows the credit crisis began with a Democratic sponsored bill called the Community Reinvestment Act, which basically told Fanniemae and Freddiemac they had to lend mortgages to high risk people irrespective of credit score and irrespective of the neighborhood they were buying homes in. Consequently, they flipped hundreds of billions in high risk, soon-to-default toxic mortgages onto the mortgage securities markets, then started flipping credit default swaps based on those poisoned securities. When those high risk borrowers abandoned their mortgages like a too-expensive car loan, the house of cards collapsed. Banks called in perfectly good loans to make up the difference, and those homeowners defaulted too, cause they couldnt refinance as banks had grossly tightened up credit access so even good borrowers could not get new financing.

This is all due to democrat racial politics. And you all just put those idiots into complete power over the economy. Great going, dummies.

By: Harvey Wallbanger

Harvey Wallbanger — Sat, 22 Nov 2008 03:45:02 +0000

Oh no. SL is full of life. You just haven’t located them due to the land mass being the size of 456,389,35 earths. You have to look a little harder.

If you scour the map inside and out, right about 750M you will find hundreds of those little green dots. They don’t say much however. They seem happy just spawning in and drooping over.

No reason whatsoever for the numbers to not show the increase. Especially those large groups at around 750M or those large masses under the ground huddled for warmth.

No matter how good the odds of landing on an empty sim is however, you will certainly run into Intblubber or someone like him. Imagine the odds.

By: 2 cents

2 cents — Fri, 21 Nov 2008 15:40:51 +0000

As the U.S. and Global economies go – so does the virtual rip-off!
/
Multi-trillion dollar devaluation of retirement accounts. About 70% of working Americans have some sort of retirement savings. Many see balances less than half of what they had in Dec ’07/Jan ’08.
Job losses totalling more than 1 million and projected to approach 2 million in the U.S. – just this year alone.
Interest rates (= cost of money) are tanking worldwide. Even saving doesn’t pay anymore.
Personal Savings Rate (rate at which folks save a part of their after tax dollars) in the U.S. is not just zero but effectively NEGATIVE if you consider the lack of saving coupled with the huge amount of borrowing (money borrowed on second mortgages as one example) and now the evaporation of those previously perceived HIGH home VALUES which wipes out the 2nd mortgage VALUE.
Home values in the U.S. averaging 60 – 70% of what they were at the most recent peak; some markets experiencing a greater than 50% drop in value since ’05.
Price of OIL on the slide and projected to hit as low as $30 to $40/barrel in the coming months.
The cost of war = approx. 10 Billion/month to the United States – just for Iraq.
/
~ all in all ~
/
The perception of WHAT is VALUABLE is dramatically changing worldwide.

You’d best re-think your strategy of where to put your money!

You’d best re-evaluate what constitutes VALUE in entertainment and discretionary spending!

You’d best get back to basics and ditch the virtual bullshit!

You’d best GET REAL
and get a f’n grip!
/
/
Linden Research will fail in 2009

Bank On It…

(that last bit was a PROTIP btw)