About meech

meech

Location:

(10018, USA)

Joined on:

11/30/06

Occupation:

Designer of Good Things

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  Environment

  response to  Nicholas Felton's post Steal This Idea: Wind Powered Subways

  Another site...

  Sorry, I forgot which one I signer up on (ConEd site is a mess). Here's another link:

  http://conedsolutions.com

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  Commented on July 14, 2007 by - meech

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  Environment

  response to  Nicholas Felton's post Steal This Idea: Wind Powered Subways

  Try this at Home...

  Love the idea, but I'm not going to hold my breath on this one. Instead, I encourage everyone to switch their home electric to wind power. It's very easy to do on-line, once you find the right link, of course:

  http://www.poweryourway.com/

  We need to make alternative avenues a success in order to make them a viable alternative in the public domain.

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  Commented on July 14, 2007 by - meech

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  Business & Money

  response to  James Scurlock and Josh Cochran's post House of Credit Cards

  The Domino Effect

  This whole economy reminds me of the old quote: “When you owe the bank $1,000 and you're broke, you have a problem. When you owe the bank $1,000,000 and you're broke, the BANK has a problem."

  By betting “big” the banks ensure their government support in case of a total collapse. In fact, the bigger the problem, the more assured they are of a bailout.

  What started in the Regan era (Chrysler) continued under Bush (Savings & Loan) and through to Bush Jr. (United reneging on its pension plans and Hedge Funds mess to come).

  The scary thing is that we’ve just seen the beginning of the mess. Mortage default will lead to lender collapse — which will also take down the Hedge Fund industry — which are heavily invested in sub-prime mortages (Hedge Funds make their money on risky ventures, not safe ones). Private equity is driving this game, but they'll be bailed out with public money. Notice how they're all cashing out to go public all of a sudden?

  What will be interesting is to see how the Fed Reserve acts to stop the dominoes. Will is jump in to stop individual foreclosures, temporarily shutter the banks, or bail out the Hedge Funds? Only time will tell, but one thing is for sure, we’ll all be left with the bill.

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  Commented on July 14, 2007 by - meech