Your insight valid, they can't. That's why many good drivers pay uninsured motorist coverage fees, because there will allways be uninsured drivers as long as we have drivers. Poor drivers are penilized (sp?) monetarilly (and rightfully so) so they usually elect not to take Uninsured motorist.
Interestingly, the law hasn't increased the coverage limits in my state for the inflation adjusted minimums. Many people don't increased their coverages. (unless you know someone in the biz) The law in my state is minimum 25/50/10 (thousands of dollars per coverage type). The property part? 10. If you hit many of the new cars on the road, in a moderate collision (lets say anything between 50-30 mph) your doing more than 10K in damage.
Me? I'm covered to 100K, because at state min, if you slide off a corner (black ice anyone?) and hit a house you are so screwed even though you have insurance.
For real? You think that if a house is wired in such a way that is safe, but not to code, it'll still catch fire? interesting. There is a cliff over there, follow # 42 Mr. 43.
I BELIEVE in the law and all, I just think there are parts that are excessive. Please read the rest of my posts. The car analogy was a joke, because it is a/. Meme not intended to be close to serious.
Insurance is a great idea. If a house isn't up to code, the insurer won't insure it(check your policy). This doesn't impact the insurer, and therefore they have no reason to impact your premiums anyway. But I digress, I am not offended and I chose to belief that your just blind to irony, and other peoples opinions and feelings.
Perfect comment "Please don't procreate" as that would be on topic given that this all started w/ Censorship & regulation.
Luckily, no one tracks my every move. I'll do as I please, with whom I please, whenever I please, because I am free.
"A governor is a device used to measure and regulate the speed of a machine, such as an engine"
As for the National speed limit by govern I meant "set the engine to a particular speed or rpm." There is no USA law for that yet, and I thought it was clever to use it that way, sorry for the ambiguity. A lot of trucking companies do govern their vehicles to 65 & 70 though to help keep down fuel costs.
As for "What we've got here is... failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men."
It's a quote from an old black and white movie called Cool Hand Luke. A guy who comits a crime, gets further and further punished, and eventually tries to escape prison, when they find him, he's shot. It's an allegory to how things can spiral out of control from a seemingly mild situation, to a catastrophe, and a whole lot more!
I highly suggest you see it.
Comunication by written word is tough when you don't have inflection, gestures, and body language.
I think we see eye to eye mostly, I was just a little "extreme" when trying to make a point. One thing I have to say though is at "16-18" you were your parent's liability still.
that I become the parent who wont let his kid fall.
I don't have kids, but I want them 2 of ours, and 6 adopted. My wife thinks I am joking, but I am totally willing (at least right now)
I just hope that I can maintain my distance so when my kid tries to fly, I don't stop him from actually doing it, yet be protective enough to make sure he starts his goals from the ground and works his way to the sky.
My op was really meant to be a little(a lot) tounge in cheek, come on here, DO you really not feel "FREE" (if your in USA)? and most other internet available places?
Are cars governed to the national speedlimit? As far as I am concerned Internet censorship basically amounts to that. We need to start developing a new way to comunicate though. something that can be external to the internet, yet still available for indexing.
The reason this topic is dear to heart is you can't filter it all, and if you filter at all, you will filter something you want. Guaranteed. So many of IT types see it all the time because we are on a proxy project of one sort or another.
What we've got here is... failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men.
were really just so other people would understand.
Liabilities are real. You screw up, and someone dies. true. My point is that SANE people are not going to take a car to 200 miles an hour near a school zone or a bus route. Insane people are not going to follow the rule anyway, so it doesn't do any good. This is true for all common sense rules.
The other point in here is who learned their states laws in school? Yet you are still responsible for breaking them? The commandment and golden laws need not apply to this conversation, but I'll throw out an example.
I can't say that lack of freedom would apply to me, I feel free. If you want to kill someone, you can use what ever method you want. 1/2 the methods will prove to be unsolvable. If you use a gun, you have to wait three days before you kill someone, but you still can.
You get caught though, and its 25-life, less you had Cochran.
I am not an anarchist, I want laws... and mostly I was just trying to be funny, but does the law really stop you from speeding? (it never has me, though I am far more careful about it now) Has the law stopped millions from downloading copywrited music? Has the law stopped any big CEO from embezlement? Where a law stops someone, that person was not really wanting to commit the crime anyway. It is just a means to control the masses, and we need that to some extent.
But back on topic, If you supress a path for information, a new path will emerge if the information is valuable enough. The only time freedom will truly be supressed is when we are repressed from speaking. Unfortunately though, today, many people "speak" electronically, and that is why I am against censorship of the web.
Yes I know that there are permits and racetracks available to do most of these things, but once upon a time, you were actually liable for what you did! not the state, or other government entity which now writes a new law of what we can not do (or requires special permission to do it) every time they get sued.
Almost any thought is inappropriate in the context of something else. I agree that the burden of parenting falls to "the parent(s)." But I really feel like in "Man of the Year" Whoops! Hopefully the new Prez will realize the devastation of censorship.
The interwebs freedoms (freedom to speech, free viagra for 6 months, and free "entertainment") are the last freadoms we still have in the world. You will be shot if you try and stake a claim to new lands (unless your heading to antartica). You will be on the news (and in jail) if you open the throttle of just about any car out there. You just can't go out and tinker anymore: You can't make modifications to your house w/o an inspection, you can't build your own chemistry sets, you can't create your own fireworks, god forbid if you actually make the devices you use every day. You are labeled a terrorist if you do these once playtime activities.
For god sakes, let me at least use the internet to help me and my kids imagine w/ graphic images, surround sound, and the like, what a real gun looks like, or the difference between real and fake tatas, the chemistry behind gunpowder, why the largest slaughters of humans have been in the names of religious deities.
Curiosity is the mechanism by which we live, and the mechanism to which we grow. W/o curiosity we would not lose our innocence, discover new things, or taste new fruits. The internet gives us a medium to try before you buy. To see what really happens if you set yourself on fire. You can google you how to fix a sink, build nuclear weapons, refine uranium, put together a solar installation that won't pass inspection but will produce e-, start your own business, and more. The interenet is a great place to satisfy curiosity.
With all sources of information, discretion (the better part of valor) belongs to the user, and in the case of a minor, the user is the one who pays the cable bills (parents & taxpayers (for library filtering only)).
I say if there is any censorship (I'll vote no), that any act of censorship is forced also to remove anything that isn't true, real, or declared a work of fiction.
that's my.02 not that anyone asked.
Please moderate this guy Obama! Not into the ground, lest you lose your purpose in picking him, but not into the sky lest we lose one of the things we rely on, inaccurate wiki's! (and more.. that was just to illustrate that the net is not the source for all knowledge, just a means to access knowledge presented)
You wouldn't take an eye from a two eye'd tadpole... That's just mean. Taking one of many eyes, and only what the scientists needed to do their experiments, now that is sustainable science!!
haha Yeah they do... They hide well too 'till a hunter turns on tracking that is... 8'( I love casting non "missle" spells while hiding in a bush, they never see it!
I do think that there is something addictive about WoW. But it's O.K. I can quit anytime. I swear it. But I agree it is fun. I try to limit my play to ~ 10 hrs a week. I have too much to do!
The graphics really did jump up a notch w/ WotLK though it will allways be sub par compared to whatever FPS is out there today. The modeled world is just too large for that. If you want wow to run like Crysis, jack your resolution up to 2048x1536 (what I ran pre wotlk) Trust me, it's pretty thrashing on a dual proc & 8800, striped baracudas & 4gigs of ram.
I was at our local Wally world who did a 12:01 release, and it was really interesting to see the different people. You could tell who played undead rogues just by looking @ them. There was this 6' 250lb guy there who I swear plays a demure gnomish mage 8')... I even real life girls! Girls in line, other than my wife! Admittedly none of them were "hot" only 1 was close, and by close I mean w/in 2 pts on a 5 pt scale, but...
Anyway, I am so far really happy w/ the expansion, though I only have about 4 hrs into it.
Totally would have to agree. The server requirements for UT3 or TF2 or CS or... you get my idea... are benign compared to the server requirements to run a WORLD even if it's less pretty (or as pretty in the case of CS/TF2) The fact that I can swing a sword a thousand times and never see it "connect" to the mobs I kill in WoW. I am amazed that Arc Missiles for mages now move all over the target, and when they miss they really miss. WoW has done some great things on a HUGE scale that I really can't comprehend.
Who's going to make the first MMOFPS? I can't wait for World of UT2010! (Class based FPS for WoW?) that would be hot! imagine playing a MMOFPS where your mages magic is based off of aim? that would rock! your frost nova actually traps someone else? Your HUNTER gains quickshot and your sniper rifle fires faster? I think this would be sooo cool.
" Why couldn't people with good credit get loans from sub-prime lenders? "
I guess that is really the question I was asking in a way. I wasn't thinking of it like that. The situation I was trying to describe was my own.
I "Graduated" into the prime market by paying down debt, paying payments on time, and raising my income. When I was told the rates I could get (a friend of mine went into the bizz) I asked my current lender if they would please compete. I really liked the way I paid w/ them. I used online banking to pay, early, making additional payments was easy (and free).
I even told them I'd pay a slightly higher interest rate, but they wouldn't go CLOSE to what I was being offered. My lender now is a PITA and has a fee for paying early... but the botom cost is still lower so I deal w/ it.
So, I guess, I would have phrased the question "Why wouldn't sub-prime lenders want to keep the people who now have good credit?"
It'd seem to me that it would help them mitigate their risks, but your right about probably only writing on one credit quality.
W/ the number of chemicals you can get at your local Home depot, Shucks, and grocery store, how is this industry related? You can isolate a lot of compounds out of that vast pool of chemicals. Then if you store it all in a "Shop" looking lab you'd never be found out!
As a side note, this story reminds me of a Halloween party I threw where we had a mad scientist themed bar, where we mixed drinks w/ beakers and flasks, and used dry ice to make the vodka bubble, and small chunks of dry ice to make the drinks fog. What a hoot that was... but I had to stay sober to make sure the chrushed dry ice stayed in (really) small chunks, didn't want any frozen throats.
Sweet... You gave very insightful information, some of which I allready know (I did oversimplify my questions a little bit)
You were not condescending at all, another plus! I know it's not a "few" mortgages, but this didn't happen over night. Hence my question about "3%" increase. That was just an arbitrary # but I am sure you know, it takes a geological event to raise a lake a few degrees 10' down. I am glad you saw later what I was frustrated about.
I probably should have saved this rant for an econ forum, but I appreciate you answering my posts.
At the end of my post, you didn't answer the question that has been on my mind most. Why would a company dealing in subprime loans abandon their customers when they grow out of the subprime "market." mostly becuase I tr
I may not be an econ major, but I found my Econ survey class fascinating. Almost enough to major in it instead of Comp stuff, but I had been in computers so long, I knew I would be successful there. It's kinda like having a spanish speaking grandma... and then taking spanish for the easy A. So I'm a little lazy...
First let me thank you for taking an interest in this discussion!
"Umm... a "few" foreclosures? Dude, we're not talking about a "few" foreclosures. We're talking about truly massive numbers of foreclosures. "
I don't think they all dropped at once... I'm pretty sure someone somewhere spotted a trend long before the mass media put it out there. I am not that niaeve.
This property is a tangible asset right? It's just not liquid. How come they didn't say "hmm, mortgages have been defaulting 3% more than normal... maybe we should tighten standards for a bit to reduce our income loss?
ROFL. 3%. Try 55% . Meanwhile, those "tangible assets" were massively overinflated, and so the banks will take a loss no matter what.
What I meant w/ the 3% figure is when the trend rose by that amount (a large # on a global scale) why didn't they tighten lending standards?
While my life may be affected by the implosion of a large bank, insurer, or auto company, I still want it to implode.
You only say that because you don't understand the true extent of the problem. Imagine your local small business can't get a loan in order to expand their business. Or your city or state unable to get a loan for infrastructure development. Or how 'bout people unable to get mortgages to buy homes? The list goes on and on.
This is true, I don't really WANT it to implode, I just want it to be bad enough that people don't ever make this mistake again. It's not that bad right now, or at least, it's not that bad for me.
The fact is, credit plays a very important part in any health economy. What you're proposing is an effective freeze on credit issuance, and that would be a disaster. Not a freeze on credit, a change in the rate that loaners lend to poor credit quality borrowers.
I sit pretty well now w/ a 5.75% fixed loan paid bi-weekly w/ about $100 extra a month going to principal. No one so far, (I have asked several friends, banks, etc...) has been able to tell me why you wouldn't want to upgrade a loan someone who grows out of subprime if they are leaving.
Fear. Fear that housing prices will continue to decline and the bank will end up with a liability on it's books. Fear that the individual will be unable to cover their loan because the economy turns sour as credit dries up. I'm sure there are other reasons, but number one on the list, without a doubt, is plain and simply fear.
O.K. Everything else I understood but this part. Fear that your one PRIME (good credit rating) is going to defualt? so you let the steady income that's been coming in go? That doesn't make sense to me. How can someone who doubled their income, threw 100pts on their credit score look like a bad person to lend to when they are carrying the same loan w/ you allready?
I guess what I am trying to say in simple terms, why be forced to sell a good credit loan and instead keep your portfolio mixed a bit w/ some "safe" credit by giving the consumer the rate they deserve?
For retirement plans, a middle age person "should" have a ratio that's some stocks & some bonds right? Diversify and conquer?
"Why did the subprime lenders kick out all their "bonds" (the good people paying down their debt)and keep only penny stocks?" They did that out of fear? no... I can't think they were scared so they tried to screw up more... that doesn't make sense.
I'm not the only one who has seen this I am sure.
Again, thanks for your discussion, I look forward to a response, and hopefully from some others as well.
How come a bank is "suddenly" in trouble if it hits a few foreclosures? It'll still get it's money from property value right? This property is a tangible asset right? It's just not liquid. How come they didn't say "hmm, mortgages have been defaulting 3% more than normal... maybe we should tighten standards for a bit to reduce our income loss?
From my perspective: I grew out of the sub-prime market on my own thank you. A rare success story these days. I was in it because my ex wife left w/ the assets that our 2nd mortgage paid for (I fought tooth and nail for the house though). When I asked my sub-prime lender for a prime rate, they couldn't come within about 1.5% points of what I was now being offered.
My perspective is that they were greedy. Really greedy, and instead of mixing up there portfolio w/ some good quality credit and medium credit, and of course "poor" credit they just risked it all, at who's expense? Ours the taxpayers who now have to pay for this crap.
When times were rough, Greenspan issued warnings...they held on... and held on, and loaned more and more. Poor Bernake (sp?), he never had a chance. Then a small bubble popped and everyone freaked out. Had the downturn resulted in any bank losing assets? (obviously not counting a home owner who should be held just as liable as the banks IMHO) Why can't they (the banks) just hold on to the assets, as historically realestate returns ~10 apy? Yeah they have to pay taxes, but that's cheaper than putting it into the market right now.
While my life may be affected by the implosion of a large bank, insurer, or auto company, I still want it to implode. If people don't learn from mistakes, they are destined to repeat the lesson until it is learned. Some times, you need to hit your thumb with the hammer to learn how to hit the nail. These guys set off dynomite while it was still in their hands on PURPOSE. Anyone who thinks that this wasn't an accident has not read about mitigating risk, risk tolerance, or any other basic investment methodology (like dollar(people cost averaging too).
I sit pretty well now w/ a 5.75% fixed loan paid bi-weekly w/ about $100 extra a month going to principal. No one so far, (I have asked several friends, banks, etc...) has been able to tell me why you wouldn't want to upgrade a loan someone who grows out of subprime if they are leaving. If you could answer that, I'd be very pleased.
He has been tasked with actually budgetizing the IT department. Maybe he needs to know what to expect if your down and out for some reason. There is some truth in these posts, but I think it's kinda like many peoples views that there is some truth to each religeon.
1. Prep your Resume. For real, because even if your boss has the best of intentions, maybe you realize that you could / should be making more. Or worse, you calculate that your worth about 4$/hr.
2. Give the boss what he wants, but be realistic. If a computer smokes, it's 1K to get a new one from dell, and 3 days of lost productivity, or 2K and 1 lost day. (shipping) You back things up because it's industry standard not because you are you.
3. Apply for a few jobs. Don't go crazy, just a job or two a week.
4. The "take a vacation and see what breaks" isn't going to work if your 1/2 way competent. A true sys admin shouldn't be busy, they should be prepared, and preparing. Not the same for a generic IT guy, but still, if your gone for 2 weeks (-or a month or 3)the only issuses that should be a problem would be things like account creation, and joe spilled a cup of joe on his computer and the magic blue smoke that makes it work left with wreckless abandon. Then there is the little how do you fix this formatting issue in Word, etc..
5. Accept the new position, or if you like your job, negotiate w/ your boss for better pay, using your research to justify it.
6. Think of this as an opportunity, not opposition!
Slashdot Mirror
Your insight valid, they can't. That's why many good drivers pay uninsured motorist coverage fees, because there will allways be uninsured drivers as long as we have drivers. Poor drivers are penilized (sp?) monetarilly (and rightfully so) so they usually elect not to take Uninsured motorist.
Interestingly, the law hasn't increased the coverage limits in my state for the inflation adjusted minimums. Many people don't increased their coverages. (unless you know someone in the biz) The law in my state is minimum 25/50/10 (thousands of dollars per coverage type). The property part? 10. If you hit many of the new cars on the road, in a moderate collision (lets say anything between 50-30 mph) your doing more than 10K in damage.
Me? I'm covered to 100K, because at state min, if you slide off a corner (black ice anyone?) and hit a house you are so screwed even though you have insurance.
For real? You think that if a house is wired in such a way that is safe, but not to code, it'll still catch fire? interesting. There is a cliff over there, follow # 42 Mr. 43.
I BELIEVE in the law and all, I just think there are parts that are excessive. Please read the rest of my posts. The car analogy was a joke, because it is a /. Meme not intended to be close to serious.
Insurance is a great idea. If a house isn't up to code, the insurer won't insure it(check your policy). This doesn't impact the insurer, and therefore they have no reason to impact your premiums anyway. But I digress, I am not offended and I chose to belief that your just blind to irony, and other peoples opinions and feelings.
Perfect comment "Please don't procreate" as that would be on topic given that this all started w/ Censorship & regulation.
Luckily, no one tracks my every move. I'll do as I please, with whom I please, whenever I please, because I am free.
"A governor is a device used to measure and regulate the speed of a machine, such as an engine"
As for the National speed limit by govern I meant "set the engine to a particular speed or rpm." There is no USA law for that yet, and I thought it was clever to use it that way, sorry for the ambiguity. A lot of trucking companies do govern their vehicles to 65 & 70 though to help keep down fuel costs.
As for "What we've got here is... failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men."
It's a quote from an old black and white movie called Cool Hand Luke. A guy who comits a crime, gets further and further punished, and eventually tries to escape prison, when they find him, he's shot. It's an allegory to how things can spiral out of control from a seemingly mild situation, to a catastrophe, and a whole lot more!
I highly suggest you see it.
Comunication by written word is tough when you don't have inflection, gestures, and body language.
Thanks,
I think we see eye to eye mostly, I was just a little "extreme" when trying to make a point. One thing I have to say though is at "16-18" you were your parent's liability still.
Have a great weekend, and a happy thanksgiving!
A truly bad driver who takes their kia past 90 isn't going to have insurance or a care about the "law."
that I become the parent who wont let his kid fall.
I don't have kids, but I want them 2 of ours, and 6 adopted. My wife thinks I am joking, but I am totally willing (at least right now)
I just hope that I can maintain my distance so when my kid tries to fly, I don't stop him from actually doing it, yet be protective enough to make sure he starts his goals from the ground and works his way to the sky.
My op was really meant to be a little(a lot) tounge in cheek, come on here, DO you really not feel "FREE" (if your in USA)?
and most other internet available places?
Are cars governed to the national speedlimit? As far as I am concerned Internet censorship basically amounts to that. We need to start developing a new way to comunicate though. something that can be external to the internet, yet still available for indexing.
The reason this topic is dear to heart is you can't filter it all, and if you filter at all, you will filter something you want. Guaranteed. So many of IT types see it all the time because we are on a proxy project of one sort or another.
What we've got here is... failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men.
were really just so other people would understand.
Liabilities are real. You screw up, and someone dies. true. My point is that SANE people are not going to take a car to 200 miles an hour near a school zone or a bus route. Insane people are not going to follow the rule anyway, so it doesn't do any good. This is true for all common sense rules.
The other point in here is who learned their states laws in school? Yet you are still responsible for breaking them? The commandment and golden laws need not apply to this conversation, but I'll throw out an example.
I can't say that lack of freedom would apply to me, I feel free. If you want to kill someone, you can use what ever method you want. 1/2 the methods will prove to be unsolvable. If you use a gun, you have to wait three days before you kill someone, but you still can.
You get caught though, and its 25-life, less you had Cochran.
I am not an anarchist, I want laws... and mostly I was just trying to be funny, but does the law really stop you from speeding? (it never has me, though I am far more careful about it now) Has the law stopped millions from downloading copywrited music? Has the law stopped any big CEO from embezlement? Where a law stops someone, that person was not really wanting to commit the crime anyway. It is just a means to control the masses, and we need that to some extent.
But back on topic,
If you supress a path for information, a new path will emerge if the information is valuable enough. The only time freedom will truly be supressed is when we are repressed from speaking. Unfortunately though, today, many people "speak" electronically, and that is why I am against censorship of the web.
Yes I know that there are permits and racetracks available to do most of these things, but once upon a time, you were actually liable for what you did! not the state, or other government entity which now writes a new law of what we can not do (or requires special permission to do it) every time they get sued.
Almost any thought is inappropriate in the context of something else. I agree that the burden of parenting falls to "the parent(s)." But I really feel like in "Man of the Year" Whoops! Hopefully the new Prez will realize the devastation of censorship.
The interwebs freedoms (freedom to speech, free viagra for 6 months, and free "entertainment") are the last freadoms we still have in the world. You will be shot if you try and stake a claim to new lands (unless your heading to antartica). You will be on the news (and in jail) if you open the throttle of just about any car out there. You just can't go out and tinker anymore: You can't make modifications to your house w/o an inspection, you can't build your own chemistry sets, you can't create your own fireworks, god forbid if you actually make the devices you use every day. You are labeled a terrorist if you do these once playtime activities.
For god sakes, let me at least use the internet to help me and my kids imagine w/ graphic images, surround sound, and the like, what a real gun looks like, or the difference between real and fake tatas, the chemistry behind gunpowder, why the largest slaughters of humans have been in the names of religious deities.
Curiosity is the mechanism by which we live, and the mechanism to which we grow. W/o curiosity we would not lose our innocence, discover new things, or taste new fruits. The internet gives us a medium to try before you buy. To see what really happens if you set yourself on fire. You can google you how to fix a sink, build nuclear weapons, refine uranium, put together a solar installation that won't pass inspection but will produce e-, start your own business, and more. The interenet is a great place to satisfy curiosity.
With all sources of information, discretion (the better part of valor) belongs to the user, and in the case of a minor, the user is the one who pays the cable bills (parents & taxpayers (for library filtering only)).
I say if there is any censorship (I'll vote no), that any act of censorship is forced also to remove anything that isn't true, real, or declared a work of fiction.
that's my .02 not that anyone asked.
Please moderate this guy Obama! Not into the ground, lest you lose your purpose in picking him, but not into the sky lest we lose one of the things we rely on, inaccurate wiki's! (and more.. that was just to illustrate that the net is not the source for all knowledge, just a means to access knowledge presented)
You wouldn't take an eye from a two eye'd tadpole... That's just mean. Taking one of many eyes, and only what the scientists needed to do their experiments, now that is sustainable science!!
Well, water bears anyway...
http://www.boingboing.net/2008/09/08/water-bears-survive.html
haha Yeah they do... They hide well too 'till a hunter turns on tracking that is... 8'( I love casting non "missle" spells while hiding in a bush, they never see it!
I do think that there is something addictive about WoW. But it's O.K. I can quit anytime. I swear it. But I agree it is fun. I try to limit my play to ~ 10 hrs a week. I have too much to do!
The graphics really did jump up a notch w/ WotLK though it will allways be sub par compared to whatever FPS is out there today. The modeled world is just too large for that. If you want wow to run like Crysis, jack your resolution up to 2048x1536 (what I ran pre wotlk) Trust me, it's pretty thrashing on a dual proc & 8800, striped baracudas & 4gigs of ram.
I was at our local Wally world who did a 12:01 release, and it was really interesting to see the different people. You could tell who played undead rogues just by looking @ them. There was this 6' 250lb guy there who I swear plays a demure gnomish mage 8')... I even real life girls! Girls in line, other than my wife! Admittedly none of them were "hot" only 1 was close, and by close I mean w/in 2 pts on a 5 pt scale, but...
Anyway, I am so far really happy w/ the expansion, though I only have about 4 hrs into it.
REXXAR FTW!
Totally would have to agree. The server requirements for UT3 or TF2 or CS or... you get my idea... are benign compared to the server requirements to run a WORLD even if it's less pretty (or as pretty in the case of CS/TF2) The fact that I can swing a sword a thousand times and never see it "connect" to the mobs I kill in WoW. I am amazed that Arc Missiles for mages now move all over the target, and when they miss they really miss. WoW has done some great things on a HUGE scale that I really can't comprehend.
Who's going to make the first MMOFPS? I can't wait for World of UT2010! (Class based FPS for WoW?) that would be hot! imagine playing a MMOFPS where your mages magic is based off of aim? that would rock! your frost nova actually traps someone else? Your HUNTER gains quickshot and your sniper rifle fires faster? I think this would be sooo cool.
" Why couldn't people with good credit get loans from sub-prime lenders? "
I guess that is really the question I was asking in a way. I wasn't thinking of it like that. The situation I was trying to describe was my own.
I "Graduated" into the prime market by paying down debt, paying payments on time, and raising my income. When I was told the rates I could get (a friend of mine went into the bizz) I asked my current lender if they would please compete. I really liked the way I paid w/ them. I used online banking to pay, early, making additional payments was easy (and free).
I even told them I'd pay a slightly higher interest rate, but they wouldn't go CLOSE to what I was being offered. My lender now is a PITA and has a fee for paying early... but the botom cost is still lower so I deal w/ it.
So, I guess, I would have phrased the question "Why wouldn't sub-prime lenders want to keep the people who now have good credit?"
It'd seem to me that it would help them mitigate their risks, but your right about probably only writing on one credit quality.
Thanks again,
D Dubuya (not to be confused w/ G. Dubuya)
Obvious typo, industry related
Should be Hobby regulated.
thought.
W/ the number of chemicals you can get at your local Home depot, Shucks, and grocery store, how is this industry related? You can isolate a lot of compounds out of that vast pool of chemicals. Then if you store it all in a "Shop" looking lab you'd never be found out!
As a side note, this story reminds me of a Halloween party I threw where we had a mad scientist themed bar, where we mixed drinks w/ beakers and flasks, and used dry ice to make the vodka bubble, and small chunks of dry ice to make the drinks fog. What a hoot that was... but I had to stay sober to make sure the chrushed dry ice stayed in (really) small chunks, didn't want any frozen throats.
Sweet... You gave very insightful information, some of which I allready know (I did oversimplify my questions a little bit)
You were not condescending at all, another plus! I know it's not a "few" mortgages, but this didn't happen over night. Hence my question about "3%" increase. That was just an arbitrary # but I am sure you know, it takes a geological event to raise a lake a few degrees 10' down. I am glad you saw later what I was frustrated about.
I probably should have saved this rant for an econ forum, but I appreciate you answering my posts.
At the end of my post, you didn't answer the question that has been on my mind most. Why would a company dealing in subprime loans abandon their customers when they grow out of the subprime "market." mostly becuase I tr
I may not be an econ major, but I found my Econ survey class fascinating. Almost enough to major in it instead of Comp stuff, but I had been in computers so long, I knew I would be successful there. It's kinda like having a spanish speaking grandma... and then taking spanish for the easy A. So I'm a little lazy...
Thanks again,
DW
First let me thank you for taking an interest in this discussion!
"Umm... a "few" foreclosures? Dude, we're not talking about a "few" foreclosures. We're talking about truly massive numbers of foreclosures. "
I don't think they all dropped at once... I'm pretty sure someone somewhere spotted a trend long before the mass media put it out there. I am not that niaeve.
This property is a tangible asset right? It's just not liquid. How come they didn't say "hmm, mortgages have been defaulting 3% more than normal... maybe we should tighten standards for a bit to reduce our income loss?
ROFL. 3%. Try 55% . Meanwhile, those "tangible assets" were massively overinflated, and so the banks will take a loss no matter what.
What I meant w/ the 3% figure is when the trend rose by that amount (a large # on a global scale) why didn't they tighten lending standards?
While my life may be affected by the implosion of a large bank, insurer, or auto company, I still want it to implode.
You only say that because you don't understand the true extent of the problem. Imagine your local small business can't get a loan in order to expand their business. Or your city or state unable to get a loan for infrastructure development. Or how 'bout people unable to get mortgages to buy homes? The list goes on and on.
This is true, I don't really WANT it to implode, I just want it to be bad enough that people don't ever make this mistake again. It's not that bad right now, or at least, it's not that bad for me.
The fact is, credit plays a very important part in any health economy. What you're proposing is an effective freeze on credit issuance, and that would be a disaster. Not a freeze on credit, a change in the rate that loaners lend to poor credit quality borrowers.
I sit pretty well now w/ a 5.75% fixed loan paid bi-weekly w/ about $100 extra a month going to principal. No one so far, (I have asked several friends, banks, etc...) has been able to tell me why you wouldn't want to upgrade a loan someone who grows out of subprime if they are leaving.
Fear. Fear that housing prices will continue to decline and the bank will end up with a liability on it's books. Fear that the individual will be unable to cover their loan because the economy turns sour as credit dries up. I'm sure there are other reasons, but number one on the list, without a doubt, is plain and simply fear.
O.K. Everything else I understood but this part. Fear that your one PRIME (good credit rating) is going to defualt? so you let the steady income that's been coming in go? That doesn't make sense to me. How can someone who doubled their income, threw 100pts on their credit score look like a bad person to lend to when they are carrying the same loan w/ you allready?
I guess what I am trying to say in simple terms, why be forced to sell a good credit loan and instead keep your portfolio mixed a bit w/ some "safe" credit by giving the consumer the rate they deserve?
For retirement plans, a middle age person "should" have a ratio that's some stocks & some bonds right? Diversify and conquer?
"Why did the subprime lenders kick out all their "bonds" (the good people paying down their debt)and keep only penny stocks?" They did that out of fear? no... I can't think they were scared so they tried to screw up more... that doesn't make sense.
I'm not the only one who has seen this I am sure.
Again, thanks for your discussion, I look forward to a response, and hopefully from some others as well.
It was the first rickroll from another planet!
this question?
How come a bank is "suddenly" in trouble if it hits a few foreclosures? It'll still get it's money from property value right? This property is a tangible asset right? It's just not liquid. How come they didn't say "hmm, mortgages have been defaulting 3% more than normal... maybe we should tighten standards for a bit to reduce our income loss?
From my perspective:
I grew out of the sub-prime market on my own thank you. A rare success story these days. I was in it because my ex wife left w/ the assets that our 2nd mortgage paid for (I fought tooth and nail for the house though). When I asked my sub-prime lender for a prime rate, they couldn't come within about 1.5% points of what I was now being offered.
My perspective is that they were greedy. Really greedy, and instead of mixing up there portfolio w/ some good quality credit and medium credit, and of course "poor" credit they just risked it all, at who's expense? Ours the taxpayers who now have to pay for this crap.
When times were rough, Greenspan issued warnings...they held on... and held on, and loaned more and more. Poor Bernake (sp?), he never had a chance. Then a small bubble popped and everyone freaked out. Had the downturn resulted in any bank losing assets? (obviously not counting a home owner who should be held just as liable as the banks IMHO) Why can't they (the banks) just hold on to the assets, as historically realestate returns ~10 apy? Yeah they have to pay taxes, but that's cheaper than putting it into the market right now.
While my life may be affected by the implosion of a large bank, insurer, or auto company, I still want it to implode. If people don't learn from mistakes, they are destined to repeat the lesson until it is learned. Some times, you need to hit your thumb with the hammer to learn how to hit the nail. These guys set off dynomite while it was still in their hands on PURPOSE. Anyone who thinks that this wasn't an accident has not read about mitigating risk, risk tolerance, or any other basic investment methodology (like dollar(people cost averaging too).
I sit pretty well now w/ a 5.75% fixed loan paid bi-weekly w/ about $100 extra a month going to principal. No one so far, (I have asked several friends, banks, etc...) has been able to tell me why you wouldn't want to upgrade a loan someone who grows out of subprime if they are leaving. If you could answer that, I'd be very pleased.
It's x-platform, Simple to use, super easy to "see" how it works. It feels good, and what's more? It does the fricken' laundry too!
He has been tasked with actually budgetizing the IT department. Maybe he needs to know what to expect if your down and out for some reason. There is some truth in these posts, but I think it's kinda like many peoples views that there is some truth to each religeon.
1. Prep your Resume. For real, because even if your boss has the best of intentions, maybe you realize that you could / should be making more. Or worse, you calculate that your worth about 4$/hr.
2. Give the boss what he wants, but be realistic. If a computer smokes, it's 1K to get a new one from dell, and 3 days of lost productivity, or 2K and 1 lost day. (shipping) You back things up because it's industry standard not because you are you.
3. Apply for a few jobs. Don't go crazy, just a job or two a week.
4. The "take a vacation and see what breaks" isn't going to work if your 1/2 way competent. A true sys admin shouldn't be busy, they should be prepared, and preparing. Not the same for a generic IT guy, but still, if your gone for 2 weeks (-or a month or 3)the only issuses that should be a problem would be things like account creation, and joe spilled a cup of joe on his computer and the magic blue smoke that makes it work left with wreckless abandon. Then there is the little how do you fix this formatting issue in Word, etc..
5. Accept the new position, or if you like your job, negotiate w/ your boss for better pay, using your research to justify it.
6. Think of this as an opportunity, not opposition!
Mr. Anderson, if you cannot speak?