[DeTomaso] Very little Pantera content

Fri Nov 20 09:52:25 EST 2009

In a major TV interview Rev Wright said that you had to read Janes Cone's books to understand their church.  I bought one of the books and read enough to see that it was marxism dressed in Christian terms.  That explains a lot.  You have to be careful about taking their words at their face meaning.

Ken

--- On Fri, 11/20/09, gow2 at rc-tech.net <gow2 at rc-tech.net> wrote:

From: gow2 at rc-tech.net <gow2 at rc-tech.net>
Subject: Re: [DeTomaso] Very little Pantera content
To: "Asa Jay Laughton" <asajay at asajay.com>
Cc: detomaso at realbig.com
Date: Friday, November 20, 2009, 6:38 AM

The trigger was the Democrats gaining power. Everyone knew what they
wanted to do with their programs, healthcare, etc. As they gained
popularity in before the elections, people started getting out. I remember
the week that all of Obama's ties were effecting his polls. It looked like
McCain may have a chance. The market went back up that week. The next week
when it seemed no one cared about Obama's radical ties or agenda, the
markets begin to fall big time. Everyone knew their had to be a
correction, everyone was saying it. No one expected pandemonium.

Many economist have pointed that the sub prime mortgage crises was
responsible for 80% of what is happening. I flew a major banker around and
he knew it would happen; just never expected the radical agenda by Obama
and the Dems and never expected the dems to be THIS RADICAL.

It was so well known what was going on, this was being passed around. I
saw this Bird and Fortune skit in late 2007:

http://www.wikio.co.uk/video/351257

The healthcare they are working on now is not about changing healthcare
but about taking over industry and changing the fundamentals of our
government.  This will remove any independence people have and make
everyone defendant on the government and it is turning the leaders into
Kings and Queens. Never once were they concerned about specific problems
(which were largely government produced) but only on government take over.

Just like the GM take over which the government stepped in to so many
family owned dealerships nation wide and said, you must now close and sell
your cars back the dealerships we find in political favor for less then
cost.

The bail outs have turned into the method by which they get money past the
gates of congress and people so they can use them at will as bribe money
for support.

The healthcare bill includes a $9-10billion UAW bail out as payback for
support. They are rushing a package through so fast so they can begin the
taxation process. They are changing taxes immediately but not implementing
the healthcare till after the 2012 elections! This makes the $$$ look good
on paper to start and puts of the change till they are elected again!

This is just the tip of the iceburg to what they are doing!

This is NOT government for the people and by the people!

> So what do you think triggered it all?
> I just hope to be able to drive my Pantera next year.
>
> Asa Jay
>
> Asa Jay Laughton, MSgt, USAFR, Retired
>
> & Shelley Marie
> Spokane, WA
>
> 1971 Mach I Mustang  [ASA JAY]
> 1973 Pantera L 5533  [ASASCAT]
>
> ******************************
> http://www.asajay.com
> http://www.teampanteraracing.com
>
>
>
>
> Bill Lewis wrote:
>> ------Back in the 1980's we were on two commercial loans - floating
>> prime plus 2.  At one point we were paying 18% - folks, that's a lot of
>> money on a commercial loan!!------Did anyone read "Rich Dad, Poor Dad?"
>> That is one of my all-time favorite books.------And, is anyone, besides
>> me, hearing about trouble brewing in the commercial real estate market -
>> big trouble!  --Bill
>>
>>
>>
>>
>>
>>
>>> Date: Thu, 19 Nov 2009 19:14:15 -0800
>>> From: kenn_green at yahoo.com
>>> To: peter-kovacs at sbcglobal.net; pantdino at aol.com; detomaso at realbig.com;
>>> teampantera at yahoo.com
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>> The truth is that all the lenders were telling people:
>>>
>>> "don't worry, I'll just get you another (negatively amortized, variable
>>> rate, low doc) loan when this loan adjusts"
>>>
>>> then house prices dropped, and oh well ...
>>>
>>> Ken
>>>
>>> --- On Thu, 11/19/09, Mad Dog Antenucci <teampantera at yahoo.com> wrote:
>>>
>>>
>>> From: Mad Dog Antenucci <teampantera at yahoo.com>
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>> To: "Peter Kovacs" <peter-kovacs at sbcglobal.net>, pantdino at aol.com,
>>> detomaso at realbig.com
>>> Date: Thursday, November 19, 2009, 7:01 PM
>>>
>>>
>>> Hmmm, blaming the people who didn't know what the hell they were
>>> signing is like blaming everyone who is out of a job....or blaming all
>>> those people whose 401K's became 201K's overnight.
>>>
>>> Credit just got too easy during the last 20-25 years......Soon as I got
>>> a job when I came home from Nam I applied for an American Express
>>> card.....they turned me down :-)
>>>
>>> When I bought my first house mortgage interest was 12-14%.....if you
>>> were lucky you could get a VA or FHA ZERO down loan but the interest
>>> rate in those days was still 12-14%.... I was happy to get a loan with
>>> zero down and I suspect the overwelming majority of people during the
>>> previous 5 or so years as you say Peter would have done what they could
>>> have to buy a home....it is after all the American dream.........turned
>>> into a nightmare for many when those subprime loan mortgage payments
>>> doubled and tripled. Yea, shame on those really dumb people.......shame
>>> on them.
>>>
>>>
>>> Mad Dawg Antenucci
>>> Team Pantera Racing
>>> The 1st & still the only vintage race team in open road racing
>>> www.teampanteraracing.com
>>>
>>>
>>>
>>>
>>> ________________________________
>>> From: Peter Kovacs <peter-kovacs at sbcglobal.net>
>>> To: pantdino at aol.com; detomaso at realbig.com
>>> Sent: Thu, November 19, 2009 6:12:21 PM
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>> ....and even if the mortgage originator explained the terms in detail
>>> (which rarely happened), buyers often took the plunge anyway because
>>> they were so sure that the value would go up $100k the next year and
>>> the terms of the mortgage were irrelevant compared to the profit they
>>> would make.
>>>
>>> Peter Kovacs
>>> 209 345-6708
>>> 209 436-2000 fx
>>>
>>>
>>>
>>>
>>> ________________________________
>>> From: "pantdino at aol.com" <pantdino at aol.com>
>>> To: detomaso at realbig.com
>>> Sent: Thu, November 19, 2009 4:22:48 PM
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>>
>>> The key here was that the bad mortgages were being bundled and sold as
>>> AAA-rated instruments.  Had they been accurately described as "worse
>>> than junk" few people / institutions would have bought them and the
>>> game would have ended because the banks would not have been able to
>>> sell them on.
>>>
>>> The notion that "the instruments were too complex to understand" or
>>> that "no one could have done anything" is nonsense and is insulting
>>> because it assumes people are dumb enough to believe it.
>>>
>>>
>>>
>>> -----Original Message-----
>>> From: Mad Dog Antenucci <teampantera at yahoo.com>
>>> To: Daniel Miller <classicmusclecars at att.net>; pantdino at aol.com;
>>> detomaso at realbig.com
>>> Sent: Thu, Nov 19, 2009 4:12 pm
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>>
>>>
>>>
>>> Someone said a while back there was plenty of blame to go
>>> around......and I agree.....Greed drove allot of decisions.....those
>>> who were not just unqualified for the loans, but those in banks who
>>> wrote the loans, those who reviewed and approved the loan packages, the
>>> appraisers, inspecters, no regulations and Greenspan who was part of
>>> the problem during Clinton and Bush years recently said, he doesn't
>>> think he could have done anything to stop it!!!
>>>
>>> Which takes us back to putting some of these people in jail might be  a
>>> good start.
>>>
>>> Mad Dawg Antenucci
>>> Team Pantera Racing
>>> The 1st & still the only vintage race team in open road racing
>>> www.teampanteraracing.com
>>>
>>>
>>>
>>>
>>> From: Daniel Miller <classicmusclecars at att.net>
>>> To: pantdino at aol.com; detomaso at realbig.com
>>> Sent: Thu, November 19, 2009 3:58:48 PM
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>> Actually even most regular mortgage bankers knew what was going to come
>>> down the pike.  I know several and they told me repeatedly that it was
>>> going to be ugly when the loans all started changing terms.  And they
>>> dealt with John Q. Public every day.  But they still made the loans,
>>> knowing what they were doing, and made lots of money and.... well we
>>> all know the rest.  Dan Miller in San Diego.
>>>
>>>
>>>
>>>
>>> ________________________________
>>> From: "pantdino at aol.com" <pantdino at aol.com>
>>> To: detomaso at realbig.com
>>> Sent: Thu, November 19, 2009 1:22:50 PM
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>>
>>>
>>> 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>
>>> To: detomaso at realbig.com; pantdino at 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 hundreds 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 <pantdino at aol.com> wrote:
>>>
>>>
>>> From: pantdino at aol.com <pantdino at aol.com>
>>> Subject: Re: [DeTomaso] Very little Pantera content
>>> To: detomaso at 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>
>>> To: cuvee at sbcglobal.net; detomaso at 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
>>> To: detomaso at 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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