Open Thread

as i stated in the other thread, rent wouldnt be so damn high if NYC put a stop to domestic immigration (i.e. dont allow ANYONE to move here from any other state in america except california and new jersey and perhaps other parts of new york state). people can come in from other countries too, but none of the european countries. eurotrash also make rents too high.

*rob*

By Butterfly on October 20, 2010 9:24 AM

why must you start every morning with a boring market analysis that means squat to 99.9 % of Earth’s populace!?

*rob*

Because the 00.1% who can understand it control 99.9% of the wealth. F0r the rest of you, THE RENT IS TOO DAMN HIGH.

QE2 might not be a juicy ROI for Fed gov, but it’ll be massive boost to NYC wallets

too long – didn’t read

sdfl was much better and adding fun commentary to his cut/pastes

Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds
Oct. 20 (Bloomberg) — The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns than they could have made buying 30-year Treasury bonds — enough money to fund the Securities and Exchange Commission for the next two decades.
The government has earned $25.2 billion on its investment of $309 billion in banks and insurance companies, an 8.2 percent return over two years, according to data compiled by Bloomberg.
That beat U.S. Treasuries, high-yield savings accounts, money- market funds and certificates of deposit. Investing in the stock market or gold would have paid off better.
When the government first announced its intention to plow funds into the nation’s banks in October 2008 to resuscitate the financial system, many expected it to lose hundreds of billions of dollars. Two years later TARP’s bank and insurance investments have made money, and about two-thirds of the funds have been paid back.