This is a good sized bank and will cost the FDIC a pretty penny, but could pale in comparison to larger banks that follow.
dad
· 1 year ago
looks like i'm 10 minutes late with the news
unrepentant_expat
· 1 year ago
Do you know what happens when you let a state owned train company make a profit of 1.5 billion dollars? They invest it in more transportation and before you know it, there are high speed trains serving the whole country! Damn socialist!
Bush_Bites
· 1 year ago
The government subsidizes airlines, the highways and the ports, but subsidizing rail is "socialism" for some reason.
Õ¿Õ
· 1 year ago
Doctor Zhivago
ShirleyGoodnessanMercy
· 1 year ago
Let's face it, our media is 100% rightwing fascist and they can brainwash Americans into believing ANYTHING... even that the US has good health care! Ha ha ha ha ha ha ha ha ha!!!!
jr
· 1 year ago
"people that don't have their own private plane are a disgrace"-McCombover
falloch
· 1 year ago
Here's a website that helps you plan train/ferry i.e. NOT airplane, journeys all over Europe and beyond
I spend hours for fun just devising different itineraries like Glasgow to Heraklion, Ulaan Bator, Damascus, etc. Do any americabloggers know a good website for finding berths on cargo ships?
Hey, how's that Fannie and Freddie today - is this the beginning of the end of the world as we know it ?(apologies to M. Stipe).
If that is true let us pray the collapse of Countrywide is imminent
Why don't we get to choose who our lender is? That just pisses me off
tbhull
· 1 year ago
No chance Countrywide fails as they were acquired by Bank of America and the deal closed a few weeks ago. Bank of America, too big to fail?
KerrynowCampau
· 1 year ago
The bigger they are.....(I wish I could type a voice inflection there)
Nothing would surprise me at this point
tbhull
· 1 year ago
I agree. IndyMac is a perch when compared to the whales that will soon wash up on failure's beach.
tbhull
· 1 year ago
You should have gone to DiTech, a sub of GE.
dad
· 1 year ago
no... you (i) still make the payments.
still on the hook. at least according to the fdic
tbhull
· 1 year ago
The FDIC now owns your mortgage.
dad
· 1 year ago
yes
dad
· 1 year ago
continue to send it to the same name/address until further advised.
Bush_Bites
· 1 year ago
Amtrak set records in May, both for the number of passengers it carried and for ticket revenues — all the more remarkable because May is not usually a strong travel month.
But the railroad, and its suppliers, have shrunk so much, largely because of financial constraints, that they would have difficulty growing quickly to meet the demand.
Many of the long-distance trains are already sold out for some days this summer. Want to take Amtrak’s daily Crescent train from New York to New Orleans? It is sold out on July 5, 6, 7 and 8. Seattle to Vancouver, British Columbia, on July 5? The train is sold out, but Amtrak will sell you a bus ticket.
U.S. Sen. Evan Bayh, D-Ind., has asked Senate leaders to dramatically increase Amtrak funding for intercity rail services.
In a bipartisan appeal to leaders of the Senate Appropriations Committee, Bayh and Sen. Gordon Smith, R-Oreg., urged the appropriation of $1.8 billion for Amtrak to maintain its current rail operations and increase intercity rail services throughout the nation, according to a statement released on Thursday. The request represents a 36-percent increase over Fiscal Year 2008 levels of $1.3 billion.
“The benefits of federal investment in intercity passenger rail have never been clearer,” Bayh and Smith wrote in their appeal. “Passenger rail provides travelers with the option to avoid the high gasoline prices and congestion associated with highway travel, as well as the persistent delays at our airports. Further, rail is more energy efficient than other forms of transportation and produces fewer greenhouse gases.”
WOW!.. sorry a bit OT but look what I just stumbled on to....
From Alan Dershowitz's book Supreme Injustice: How the High Court Hijacked Election 2000:
He's( Scalia) an interesting guy. His father was a teacher at Brooklyn college when I was there. His father was a proud member of the American-Italian fascist party and got his doctorate at Casa Italiano at Columbia at a time when in order to get your doctorate you had to swear an oath to Mussolini. So he comes from an interesting background and he went to a kind of military school in New York which was a place where many children of fascists were educated.
Bush_Bites
· 1 year ago
And Scalia acts like Mussolini.
tbhull
· 1 year ago
And hopefully, like Mussolini, the buzzards pluck the flesh from his fat fucking rotting dead corpse in public.
tbhull
· 1 year ago
Obama's FISA failure taking its toll in latest poll where Obama is down 14 points with independents.
Big mental bank failure today. "IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators in one of the largest bank failures in U.S. history." $32 billion in assets (or about 3 months worth of the war). The FDIC will take it over.
Õ¿Õ
· 1 year ago
If the government takes the debt of Freddy Mac and Fannie Mae, that would double the national debt. I didn't have anything to do with causing that but I'll be forced to pay for it. It's all just one big fucking scam.
mmedefarge
· 1 year ago
on my daily commuter rail ride yesterday, I had goofed up my difficult Sudoku and had nothing to read, so I spent much of the trip fantasizing about becoming the railroad czar in the Obama presidency. (can you tell I love trains?). I made the trains run on time, lots of them, and we commuters and travelers were all very happy!
satchmo
· 1 year ago
"Do you know what happens when you let a state owned train company make a profit of 1.5 billion dollars? They invest it in more transportation and before you know it, there are high speed trains serving the whole country! Damn socialist!"
And then they use the trains to get to their very modestly priced but high-quality medical care. Frightening, just frightening. It's like the Paris Commune all over again.
dad
· 1 year ago
:)
AlBenson
· 1 year ago
Now the trains...Bush really has dragged America down to the level of a 3rd world country with a very rich elite doing well and a growing impoverished class and a rapidly disappearing middle class. America is no longer the lead country in any area other then armaments.
Jessica54
· 1 year ago
When I went to Paris, I absolutely LOVED their public transportation. It's a real shame that we don't have something like that here.
Busboy
· 1 year ago
There's more RR track in theState of Texas than the entire country of France. Get real. You want a 3 hour commute to work? What are you thinkin?
satchmo
· 1 year ago
You must be referring to the the three hour commute in DFW. There's more track in the Paris metropolitan area than in Texas, sad to say. And Mexican oligarchs aren't building toll roads in France and seizing everyone's property for their right-of-way!
I love TX, but TX would be a lot better off with the train system, educational system, medical system, retirement system, and public intrastructure of France. Sarko may be a joke, but he looks like Aristotle compared to Rick Perry.
God bless Texas :)
RonNYC
· 1 year ago
An example of just how failure oriented Amtrak is: Penn Station (NYC) to Philadelphia via Amtrak: $45.00 one way; same route via NJ Transit: $12.50, one way.
Happy_Housewife
· 1 year ago
Amtrak does remarkably well, given what they have to work with: An aging fleet (other than the Acela, the newest stuff is 30 years old) and an infrastructure that was handed to them only after the private entity (Penn Central) finally collapsed after years of neglect . (Which is part of the reason ticket prices are higher on Amtrak than NJTransit, Ron. NJT doesn't have to maintain 1930's era infrastructure)
On the freight lines, they are treated like an afterthought, even though when Nixon started the whole thing (as a giant corporate welfare scheme to relieve the freights of the "burden" of providing passenger service) they agreed to give passenger trains priority.
Despite all of this, they are experiencing record numbers of passengers - and turning people away because there's not enough railcars. (Congress wants them to be profitable, but won't give them any capital)
However, as lame as it is, don't expect it to get any better under McCain. He has been a longtime, outspoken critic of Amtrak (Part of his carefully crafted "Maverick" image)
All Comments
IndyMac Bank, a $32 billion in asset bank, just failed.
http://online.wsj.com/article/SB121581435073947...
http://www.fdic.gov/bank/individual/failed/Indy...
This is a good sized bank and will cost the FDIC a pretty penny, but could pale in comparison to larger banks that follow.
www.seat61.com
I spend hours for fun just devising different itineraries like Glasgow to Heraklion, Ulaan Bator, Damascus, etc. Do any americabloggers know a good website for finding berths on cargo ships?
Hey, how's that Fannie and Freddie today - is this the beginning of the end of the world as we know it ?(apologies to M. Stipe).
http://ap.google.com/article/ALeqM5iWxtfjpQDpa7...
that's my mortgage holder
Who do you pay your mortgage to?
Such a deal!
Why don't we get to choose who our lender is? That just pisses me off
Nothing would surprise me at this point
still on the hook. at least according to the fdic
But the railroad, and its suppliers, have shrunk so much, largely because of financial constraints, that they would have difficulty growing quickly to meet the demand.
Many of the long-distance trains are already sold out for some days this summer. Want to take Amtrak’s daily Crescent train from New York to New Orleans? It is sold out on July 5, 6, 7 and 8. Seattle to Vancouver, British Columbia, on July 5? The train is sold out, but Amtrak will sell you a bus ticket.
http://www.nytimes.com/2008/06/21/business/21am...
In a bipartisan appeal to leaders of the Senate Appropriations Committee, Bayh and Sen. Gordon Smith, R-Oreg., urged the appropriation of $1.8 billion for Amtrak to maintain its current rail operations and increase intercity rail services throughout the nation, according to a statement released on Thursday. The request represents a 36-percent increase over Fiscal Year 2008 levels of $1.3 billion.
“The benefits of federal investment in intercity passenger rail have never been clearer,” Bayh and Smith wrote in their appeal. “Passenger rail provides travelers with the option to avoid the high gasoline prices and congestion associated with highway travel, as well as the persistent delays at our airports. Further, rail is more energy efficient than other forms of transportation and produces fewer greenhouse gases.”
http://www.chestertontribune.com/Business/7113%...
From Alan Dershowitz's book Supreme Injustice: How the High Court Hijacked Election 2000:
He's( Scalia) an interesting guy. His father was a teacher at Brooklyn college when I was there. His father was a proud member of the American-Italian fascist party and got his doctorate at Casa Italiano at Columbia at a time when in order to get your doctorate you had to swear an oath to Mussolini. So he comes from an interesting background and he went to a kind of military school in New York which was a place where many children of fascists were educated.
http://tpmelectioncentral.talkingpointsmemo.com...
And then they use the trains to get to their very modestly priced but high-quality medical care. Frightening, just frightening. It's like the Paris Commune all over again.
I love TX, but TX would be a lot better off with the train system, educational system, medical system, retirement system, and public intrastructure of France. Sarko may be a joke, but he looks like Aristotle compared to Rick Perry.
God bless Texas :)
On the freight lines, they are treated like an afterthought, even though when Nixon started the whole thing (as a giant corporate welfare scheme to relieve the freights of the "burden" of providing passenger service) they agreed to give passenger trains priority.
Despite all of this, they are experiencing record numbers of passengers - and turning people away because there's not enough railcars. (Congress wants them to be profitable, but won't give them any capital)
However, as lame as it is, don't expect it to get any better under McCain. He has been a longtime, outspoken critic of Amtrak (Part of his carefully crafted "Maverick" image)