MORE BANKS DOWN THE FDIC'S DRAIN

Sunday, September 19, 2010

FEDERAL REGULATORS TAKE IN MORE BANKS IN 2010 THAN 2009
* REAL ESTATE, THE MAIN CAUSE OF BANK FAILURES
* LAWRENCE ( LARRY ) KUDLOW OF CNBC DID NOT ANYTHING ABOUT REAL ESTATE IN 2006
* NY REAL ESTATE IS THE BACKBONE OF THE US ECONOMY AS MORE PEOPLE LIVE OFF REAL ESTATE IN NEW YORK
ASTORIA, NEW YORK
With 125 banks taken over by the FDIC in 2010, we wonder what is happening to the United States Banking system. Last year at this time it was 94banks and we thought that was bad. This is worse and you use calculus, you will feel the marginal propensity of destruction of the free banking system. Larry Kudlow did not want to understand the importance of real estate. When asked the question " Are Americans borrowing too much aginst the value of real estate? " he made up the reasoning that valuations went up and that was okay. He refused to discuss real estate valuations and predictions. So, I asked myself " Who is responsible to answer that question? " A Real Estate broker? He told me that prices are going up and if you don't buy now, you will loose out. A banker? He told me that banks are giving out money and that you need to apply for a loan. A lawyer? He said that he was busy and that he has many closings. An Insurance agent? He said that you need to get insurance just in case something happens to you? A politician? I did not ask since the our chief in Washington answered that during his radio addresses. A seller of a property? After getting his price, he confidentially told me. I am happy what I got but I feel sorry for who bought the property. He is going to work harder than I did to keep up with the payments. An economist like LARRY KUDLOW??? Why didn't Larry understand the problem. From Economics 101 to International Trade to Economic Law to Calculus and Statistics, what was he thinking about Real Estate? He couldn't study the problem. Specializations is okay with Medicine, Teaching or Technical work but not with Economics. If you are a Senior Economist, then you have to be prepared to answer questions from A to Z. Larry apologized in 2008 for his mistakes but it was too late. The economy had gotten a real estate sickness that could last for a long time. Living off Real Estate is nice but eventually you will pay the price if you don't undersatnd the fundamentals of it.

BROOKLYN NEW YORK TORNADO VIDEO

QUESTO E' IL VIDEO DELLA TROMBA D'ARIA A BROOKLYN, NEW YORK.
CLICCA QUI: http://www.youtube.com/watch?v=pPXT2HMWaj8

TROMBA D'ARIA SU QUEENS, NEW YORK

ASTORIA DODGES BULLET BUT OTHER QUEENS AREAS WHIPPED BY POSSIBLE TORNADO
ASTORIA, NEW YORKScary moments for Astoria residents as the sky turned black just before 6 pm last night. A severe thunderstorm zoomed by in a matter of minutes. It spared Astoria's residents from damage but just a few miles away in Corona,Forest Hills, Flushing and Bayside it was a completely different story. Large trees ripped off the ground, damage to homes and vehicles and a fatality on the Grand Central Parkway led to traffic delays for hours on streets in Astoria leading towards Nassau County. Roofs were torned in some Brooklyn areas. Stay tuned to your local news for additional information.
ASTORIA RISPARMIATA DAL TORNADO NEL QUEENS
Una tromba d'aria ha raschiato certe zone nel Queens come Forest Hills e Bayside. Alberi secolari si sono schaintati su case e auto parcheggiate nelle strade del Queens. Certe case sono state scoperchiate nella contea di Brooklyn. Un morto sul Grand Central Parkway. Il traffico intenso e' continuato per tutta la serata.

BERLUSCONI ITALIA BLOGSPOT ROMPE SILENZIO SU FINI E BERLUSCONI

ASTORIA, NEW YORK
Nelle prossime settimane, questo blog aprira' uno sportello a riguardo delle ultime notizie su Fini e Berlusconi. " Ho avuto la possibilita' nel 1994 sull' Intrepido come anche questo febbraio scorso, al Grand Hyatt NY, di parlare con GianFranco Fini. Al contrario, non ho potuto mai conoscere Silvio Berlusconi. " dice FPG.

L'ITALIA VINCE PRIMA PARTITA PER QUALIFICAZIONE EUROPEI

L'ITALIA BATTE L'ESTONIA GRAZIE A CASSANO
* LIPPI, IL FESSO, GUARDA ANCORATO DAL CESSO
* LA GLORIA D'ORA IN POI SARA' DI CASSANO
FORZA L'ITALIA DI PRANDELLI. IL RISULTATO DI 2-1 E' GRAZIE A CASSANO.

POSTED FROM THE REAL ECONOMIST BLOGSPOT

BILLIONAIRES THAT ARE FRUGAL, BECOME RICHER
Astoria, New York
In an article posted on Yahoo,we can learn from some frugal billionaires who save in a very frugal manner, even though they can afford anything. In response to that article, this blogspot of the real economist can explain why some billionaires are so frugal. " The answer is personal character. " said FPG. " Some billionaires come from the old school and that is a plain fact. Carlos Slim of Mexico is the richest one of them all. He is old. He lived in the harsh times after World War II. His mentality is to save to the last penny in order to make more money. He preferred to live in his house of 40 years because it's probably sentimental to him. But he knows that by doing so, he would avoid buying another one at today's market prices, a hefty increase since he bought his first one. " Frugal billionaires may be very price conscious and therefore they hesitate in moving forward if not needed. Why buy a new car if an old one is comfortable and still works well? On the other hand, Silvio Berlusconi is not mentioned in the article. " Berlusconi is probably a good spender. He likes to live the rich life, spending left and right. His spending has caused him problems too. His latest divorce with his wife was because of his spending on young pretty girls as well as call girls." continued FPG. " I believe that spending depends on the individual. There are people who like to spend more and others that like to spend less. But it's how you spend and what you get out of it that determines your level of frugality" finalized FPG. For the article on frugal billionaires please go to: http://finance.yahoo.com/banking-budgeting/article/110550/tips-from-frugal-billionaires?mod=bb-budgeting