[DeTomaso] Very little Pantera content

[Will Demelo]

And once again....we as adults should know that the older we get, the less 
of our investments should be in equities and more in guaranteed savings ( 
less volatility). Basic investing concepts (and I know next to nothing about 
investments)
Everyone will forget what just happened in the last year in just a short 
time. Live and learn just doesn't apply to most.
I have most of my money in high risk equities. I have no one to blame but 
myself if things tank (again). I should also know by now that if I use my 
credit card to buy my GR4 rims, that I should expect to have to pay it back 
(at 19%), whether I have a job in 6 months or not. Or should I blame someone 
for leading me in the wrong direction or explaining the fine print to me?
Will

----- Original Message ----- 
From: "Ken Green" <kenn_green at yahoo.com>
To: <pantdino at aol.com>; <detomaso at realbig.com>; "Gray Gregory" 
<rgg at gregorycook.com>
Sent: Thursday, November 19, 2009 10:24 PM
Subject: Re: [DeTomaso] Very little Pantera content


> But it was clear to me 3 years ago, clearly not hindsight.
>
> In August 2008 I talked to the guy who handles my wife's trust, and 
> specifically said that I was sure the housing market was going to tank 
> even worse and asked if all the foreclosures could affect the stock 
> market. He said NO, then came September. I could not have been more 
> specific. To me this isn't hindsight, it's the financial industry 
> intentionally keep the blinders on so they could keep making money up to 
> the last minute.
>
> The senior partner in our firm is 77 and lost over a million in the past 
> year. What kind of moron money manager would keep a 77 year olds money in 
> a volatile market? Only one who makes a bigger commission that way.
>
> Ken
>
> --- On Thu, 11/19/09, Gray Gregory <rgg at gregorycook.com> wrote:
>
>
> From: Gray Gregory <rgg at gregorycook.com>
> Subject: Re: [DeTomaso] Very little Pantera content
> To: "Ken Green" <kenn_green at yahoo.com>, "pantdino at aol.com" 
> <pantdino at aol.com>, "detomaso at realbig.com" <detomaso at realbig.com>
> Date: Thursday, November 19, 2009, 7:09 PM
>
>
> Insanity is easy to spot in hindsight!
>
> Gray
>
> From: Ken Green [mailto:kenn_green at yahoo.com]
> Sent: Thursday, November 19, 2009 7:16 PM
> To: pantdino at aol.com; detomaso at realbig.com; Gray Gregory
> Subject: Re: [DeTomaso] Very little Pantera content
>
> Gray,
>
> But people making seven figures are suppose to have a clue? Three years 
> ago I was sure the housing market in California was ridiculously over 
> priced and there were ads on the radio every ten minutes for 100% low doc 
> loans. I couldn't believe that it made any sense to make these loans. 
> Someone high up had to approve this, and I think they knew better than I 
> did what was coming and they didn't care because they got the big pay 
> check and could keep the big bucks when the market collapsed. It had 
> nothin
> g to do with euphoria, other than the buzz from gambling with millions of 
> dollars, it was all about GREED. They didn't give a damn about whom they 
> hurt.
>
> If there isn't, there should be a fiduciary duty to be sane in investing 
> other people's life savings. If these people are that stupid, they should 
> make minimum wage, not a million a year.
>
> Ken
>
>
>
> --- On Thu, 11/19/09, Gray Gregory <rgg at gregorycook.com> wrote:
>
> From: Gray Gregory <rgg at gregorycook.com>
> Subject: Re: [DeTomaso] Very little Pantera content
> To: "pantdino at aol.com" <pantdino at aol.com>, "detomaso at realbig.com" 
> <detomaso at realbig.com>
> Date: Thursday, November 19, 2009, 4:39 PM
> The problem with putting people in jail is proving any crime was 
> committed. It's not against the law to make bad investments with your own 
> money or with other peoples as a professional money manager. You would 
> have to prove some kind of fraud and I honestly believe that just like 
> with any bubble most of these guys just got caught up in the euphoria and 
> thought the good times would go on and on. I'm sure there were a few that 
> broke the law and we will probably see some convictions but I think most 
> of them ju
> st made really bad mistakes.
>
> What I don't understand about this whole thing is why the rating agencies 
> haven't caught more heat. IMO they deserve the lion's share of the blame 
> because they are the ones that made this whole thing possible by giving 
> AAA ratings to pools of subprime mortgages.
>
> Gray
>
> -----Original Message-----
> From: 
> detomaso-bounces at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso-bounces@realbig.com> 
> [mailto:detomaso-bounces at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso-bounces@realbig.com>] 
> On Behalf Of 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>
> Sent: Thursday, November 19, 2009 3:57 PM
> To: 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>
> Subject: Re: [DeTomaso] Very little Pantera content
>
>
> I dont' think the government was in on it at the time, but they sure 
> aren't very interested in punishing anyone.
> Seems like if you are rich enough you are above the law unless you really 
> distinguish yourself like Bernie Madoff.
>
>
>
> -----Original Message-----
> From: Ken Green 
> <kenn_green at yahoo.com<http://us.mc308.mail.yahoo.com/mc/compose?to=kenn_green@yahoo.com>>
> To: 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>
> Sent: Thu, Nov 19, 2009 1:34 pm
> Subject: Re: [DeTomaso] Very little Pantera content
>
>
>
>
> Jim,
>
> I agree, it's very hard to believe that they did not lie to investors. 
> Something really sinks about all of this. Makes you think that they all 
> (government and business) were in on this.
>
> Ken
>
> --- On Thu, 11/19/09, 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com> 
> <pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>> 
> wrote:
>
>
> From: 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com> 
> <pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>>
> Subject: Re: [DeTomaso] Very little Pantera content
> To: 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>
> Date: Thursday, November 19, 2009, 1:22 PM
>
>
>
> My feeling is that some people should go to jail.
> My understanding is that the grade BBB loans made to people with no proven 
> income were rebundled as AAA -rated instruments and sold to pension plans 
> and investors.
>
> In my simple-minded thinking that is fraud and someone should go to jail.
>
> Likewise the CEOs who walked away with hundreds of millions of dollars and 
> ruined the economy. They knew what would happen. They should do time
>
> Jim Oddie
>
>
> -----Original Message-----
> From: Ken Green 
> <kenn_green at yahoo.com<http://us.mc308.mail.yahoo.com/mc/compose?to=kenn_green@yahoo.com>>
> To: 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>; 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>
> Sent: Thu, Nov 19, 2009 1:00 pm
> Subject: Re: [DeTomaso] Very little Pantera content
>
>
>
>
> Jim,
>
> It's easy to skim a very small percentage of a huge amount of money.
>
> The problem is that the system allowed people to place huge bets, and 
> leave the game with others holding the bag. I doubt that the people who 
> lost millions in the last year had any idea that their "investments" were 
> being gambled to make or insure loans for over priced property bought by 
> people who clearly could not afford what they were buying. The way it was 
> explained to me is that killer is that the FED loaned money to lenders and 
> the lenders loaned that money and exposed all of us to huge losses.
>
>
> For example, I suspect that the president of Lehman Brothers had a bonus 
> program that paid him something like $500,000,000 over the past 9 years if 
> he met certain goals. The risks taken were not part of the formula. He 
> conveniently ignored warnings that it wasn't a good idea to guarantee 
> loans that were almost certain to go into default. I don't know if he 
> broke any laws, but what he did to make huge bucks probably destroyed the 
> financial security of millions of other Americans. I'm sure the hundred
> s of millions he made have helped him to live with what he did.
>
> I suspect that what happened could be explained to the nation (and damn 
> well should be) but the government is protecting someone. If someone else 
> can explain what happened better, I'd appreciate it.
>
> Ken
>
>
>
> --- On Thu, 11/19/09, 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com> 
> <pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>> 
> wrote:
>
>
> From: 
> pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com> 
> <pantdino at aol.com<http://us.mc308.mail.yahoo.com/mc/compose?to=pantdino@aol.com>>
> Subject: Re: [DeTomaso] Very little Pantera content
> To: 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>
> Date: Thursday, November 19, 2009, 12:23 PM
>
>
>
> "Down here that means that you
> work for what you have"
>
> I'm just curious-- does the "working for what you have" idea apply to the 
> 1000 Goldman Sachs employees who each got $1 Million "bonuses" this year? 
> Does everyone feel the work they do is so difficult and contributes so 
> much to society that that kind of money is justified?
>
> My feeling is that just because people have figured out a legal scam to 
> make them rich does not mean it is OK.
>
> Jim Oddie
>
>
>
> -----Original Message-----
> From: Bill Lewis 
> <lotus0005 at hotmail.com<http://us.mc308.mail.yahoo.com/mc/compose?to=lotus0005@hotmail.com>>
> To: 
> cuvee at sbcglobal.net<http://us.mc308.mail.yahoo.com/mc/compose?to=cuvee@sbcglobal.net>; 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>
> Sent: Wed, Nov 18, 2009 4:22 pm
> Subject: Re: [DeTomaso] Very little Pantera content
>
>
>
> Curt, I am in Texas, and I only have one friend/acquaintance who admits to
> eing a Democrat. We are solid middle class. Down here that means that you
> ork for what you have, and don't want your money going to those who might 
> not
> hoose to work as hard.
> My comment to my one Dem friend, Carl, is, why do I get hundreds of email
> orwards that put down or make fun of the Dems, but so far he has only sent 
> me
> ne of the other.
> I know the commentator won't let us go too far with this thread, but I am
> eally confused about "who" is a Dem - they seem to be a strange crew of
> edfellows. How can you be a serious Catholic and be Pro-chose?
> And, as to Panteras, I have a question about wheels - 17's & 18's.
> --Bill
>
>
>> Date: Wed, 18 Nov 2009 10:26:53 -0800
> From: 
> cuvee at sbcglobal.net<http://us.mc308.mail.yahoo.com/mc/compose?to=cuvee@sbcglobal.net>
> To: 
> detomaso at realbig.com<http://us.mc308.mail.yahoo.com/mc/compose?to=detomaso@realbig.com>
> Subject: [DeTomaso] Very little Pantera content
>
> OK... first let me say I'm not looking for a pissing match! I don't care 
> what
> ide of the fence your on.
>
> Just asking a simple question....hows Pres. B.O.s Hope and Change working 
> for
> ou?
>
> Working or Not Working?
>
> Now the Pantera content...Hope and Change has cut my Pantera activity down 
> to
> lim and none.
>
> Curt
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