Ferrari Mailing List: Every Dark Cloud Has a Silver Lining

[red5hilser (red5hilser]

Being the opportunist and?true believer in the free interprise system that I 
am, I find myself with a pool of financial staff members?that, at the present, 
have nothing to do. They are highly qualified, (hand chosen by my daughter) and 
have all the?hi-tech computers and data bases that you, the tax-payers, have so 
generously supplied.?

I'm not a liberty, at this time, to divulge the name of the Corp. where they 
are located, but the Headquarters are in the WaMu Building in Seattle. (hint)

My proposal to you is that if you have any internet research, fact finding or 
checking, credit reports, etc., that you or your staff don't have the time or 
resourses to complete, contact Bubba Interprises at this e-mail address. We 
will beat any written bid . . . or DOUBLE your money back!??? Hurry, this offer 
can't last long!

Just trying to help the economy, yer pal Ferrari Bubba

Hey, this is more believable than asking you to send me 'Seed Money' so I can 
make you a millionaire!


-----Original Message-----
From: LarryT 
Subject: Re: [Ferrari] Banking Mess - OT NFC



Thx Michael,(& others),
The info provided was very helpful and comforting.  So, now I'm looking for 
opportuities to make a little money perhaps.  Typically this is where I 
actually 
lose money but what the heck -  With Wachovia a take over target I see their 
share price is around $10./share with BOA,m Wells Fargo and a Spanish bank - 
Banco something.

Typically are take over targets buying opportunities?  Or is this situation 
just 
too crazy to say definitively?

Thx - BTW - I realize you may be hesitant to offer "advice" - but I know to 
treat any advice with caution --

Take Care,
Larry T
http://youroil.net
http://members.rennlist.org/oil/  - Oil Testing
http://members.rennlist.org/webercarbs/ - Carb & Jet Settings:
  ----- Original Message ----- 
  From: Michael James \
  To: LarryT 
  Cc: The FerrariList 
  Sent: Friday, September 26, 2008 7:47 PM
  Subject: Re: [Ferrari] Banking Mess - OT NFC


        I'll go out on a limb here and state that the 30Bil will go toward 
unloading existing defaults only - unrecoverable debt.  So long as you continue 
to service your own mortgage, there will be someone 'there' to collect your 
money - your loan, and your loan-service, will transfer to whoever becomes 
WaMu's new 'owner'.   They will expect you to pay in-full every month 
regardless 
of who's name is on the bank's door.  My lender, CountryWide, was absorbed by 
BoA long ago, but my statements still say CountryWide on them - and there was 
ZERO mortgage holiday during the purchase/sale of CountryWide to BoA.  

        If your existing funds total less than $100K, and are in accounts 
insured by FDIC, you won't have to worry.  Smart folks who had cash-money 
collecting dust somewhere bought precious metals a year ago, and are now quite 
happy they did.  Mine is in the garage, is black, and has four wheels so 
hey.....

        M J


        --- On Fri, 9/26/08, LarryT <l02turner [at] comcast.net> wrote:

          From: LarryT <l02turner [at] comcast.net>
          Subject: [Ferrari] Banking Mess - OT NFC
          To: 
"Michael" <Cavallino_Rapante [at] yahoo.com>
          Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
          Date: Friday, September 26, 2008, 7:10 PM


Hi Gang, 
    With all this banking/financial mess going on I am hearing/reading a lot
about the problem at higher levels - but I hope someone can tell me a little bit
about the more personal aspects of the problem.
    1st, I have a high Credit rating but my Home Mortgage is with WaMu which I
hear was bought by JP Morgan and JPM will write off $30 Bil. in mortgage assets.
 I'm assuming that means underperforming ones.
    Next, our primary bank is Wachovia which I see may be the next major bank
to fail. Are my assets safe there?  Should I move them to my credit union?  

    BTW, are Credit Unions being affected the same as traditional banks are? 
Since they are member member owned I wonder if they are in the same target?  

Thx as always - 

Take Care,
Larry T
http://youroil.net
http://members.rennlist.org/oil/  - Oil Testing
http://members.rennlist.org/webercarbs/ - Carb & Jet Settings:
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