Comments for Seascape Capital http://seascapecapital.com Tue, 14 Feb 2012 00:37:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Settling for Nothing by Alan http://seascapecapital.com/settling-for-nothing/#comment-193 Alan Tue, 14 Feb 2012 00:37:13 +0000 http://seascapecapital.com/?p=564#comment-193 Right on all counts. I just started reading the Rattigan book over the weekend, and like it a lot so far. Alan Right on all counts. I just started reading the Rattigan book over the weekend, and like it a lot so far.

Alan

]]> Comment on Settling for Nothing by Pat Rombach http://seascapecapital.com/settling-for-nothing/#comment-192 Pat Rombach Mon, 13 Feb 2012 14:35:05 +0000 http://seascapecapital.com/?p=564#comment-192 THIS IS A JOKE... WHY HAS NO ONE BEEN THROWN IN JAIL! In the 1980's they threw over 1,000 bankers in jail for fraud after the S&S crisis. Now banks commit fraud and the punishment is almost nothing compared to the crime. Not one banker is in jail. The banks that committed the fraud should be bankrupted period. Other honest banks should be allowed to prosper. This is what happens when 40% of the political contributions come from the banks. This is just like the tin pot dictatorships that the US used to laugh about. Now the American People / American Economy are controlled by the banks. The problem is that the average american does not understand this. Our political candidates do not even mention this except for Ron Paul. READ THE BOOK GREEDY BASTARDS BY DILLION RATTIGAN (FROM MSNBC) for all the details. Pat Rombach THIS IS A JOKE… WHY HAS NO ONE BEEN THROWN IN JAIL!

In the 1980′s they threw over 1,000 bankers in jail for fraud after the S&S crisis. Now banks commit fraud and the punishment is almost nothing compared to the crime. Not one banker is in jail. The banks that committed the fraud should be bankrupted period. Other honest banks should be allowed to prosper. This is what happens when 40% of the political contributions come from the banks. This is just like the tin pot dictatorships that the US used to laugh about. Now the American People / American Economy are controlled by the banks. The problem is that the average american does not understand this. Our political candidates do not even mention this except for Ron Paul. READ THE BOOK GREEDY BASTARDS BY DILLION RATTIGAN (FROM MSNBC) for all the details.

Pat Rombach

]]> Comment on Settling for Nothing by Alan http://seascapecapital.com/settling-for-nothing/#comment-191 Alan Sat, 11 Feb 2012 20:22:37 +0000 http://seascapecapital.com/?p=564#comment-191 Agreed. Unfortunately, it is not just the slimy corporations (more specifically, the big banks), but also greedy unions and every other special interest group that wants something for nothing. Agreed. Unfortunately, it is not just the slimy corporations (more specifically, the big banks), but also greedy unions and every other special interest group that wants something for nothing.

]]> Comment on Settling for Nothing by Jeff Brown http://seascapecapital.com/settling-for-nothing/#comment-190 Jeff Brown Sat, 11 Feb 2012 04:07:59 +0000 http://seascapecapital.com/?p=564#comment-190 ...and where was the taxpayer paid government oversight over the last ten years leading up to the current fiscal nightmare. No rolling heads there, why in hell would we ever trust these brain-dead imbeciles again. These will be the same morons sleeping through the next Wall Street crafted crisis, which, trust me, is being plotted as I'm writing this. This murky, deal-making, slimy underworld of Corporate America and it's ownership of the American political system has got to cease. Simple. I guess things just aren't that bad yet. Accountability with REAL consequences might kick-start a new frontier. …and where was the taxpayer paid government oversight over the last ten years leading up to the current fiscal nightmare. No rolling heads there, why in hell would we ever trust these brain-dead imbeciles again. These will be the same morons sleeping through the next Wall Street crafted crisis, which, trust me, is being plotted as I’m writing this. This murky, deal-making, slimy underworld of Corporate America and it’s ownership of the American political system has got to cease. Simple. I guess things just aren’t that bad yet. Accountability with REAL consequences might kick-start a new frontier.

]]> Comment on Settling for Nothing by Alan http://seascapecapital.com/settling-for-nothing/#comment-189 Alan Sat, 11 Feb 2012 00:47:26 +0000 http://seascapecapital.com/?p=564#comment-189 Because this is the government, that is why. Why is someone who either was smarter or had the good fortune to buy ten years ago not getting paid while someone who bought at the peak receiving funds? Because it makes political sense even if it escapes common sense. You're exactly right in your comment and I agree that we should all honor our commitments. Sadly, we appear to be in the minority with that opinion. Because this is the government, that is why. Why is someone who either was smarter or had the good fortune to buy ten years ago not getting paid while someone who bought at the peak receiving funds? Because it makes political sense even if it escapes common sense.

You’re exactly right in your comment and I agree that we should all honor our commitments. Sadly, we appear to be in the minority with that opinion.

]]> Comment on Settling for Nothing by Dazio http://seascapecapital.com/settling-for-nothing/#comment-188 Dazio Fri, 10 Feb 2012 22:52:26 +0000 http://seascapecapital.com/?p=564#comment-188 Fine article, but why are homeowners who participated in fraud allowed to benefit, I.e. financially at taxpayer expense. That is just WRONG. Yes there are a few examples of purchasers being defrauded into loans. However the vast majority were willing participants in fraudulent loans. Honor your commitments. Dazio Fine article, but why are homeowners who participated in fraud allowed to benefit, I.e. financially at taxpayer expense. That is just WRONG.

Yes there are a few examples of purchasers being defrauded into loans. However the vast majority were willing participants in fraudulent loans.

Honor your commitments.

Dazio

]]> Comment on What Does a Housing Crash Sound Like? by Pat Rombach http://seascapecapital.com/what-does-a-housing-crash-sound-like/#comment-183 Pat Rombach Mon, 30 Jan 2012 00:54:30 +0000 http://seascapecapital.com/?p=554#comment-183 All this being said, if one speculates in housing you better have someone like Alan Noblitt on your side or one risks making a poor decision. One needs expert advice in these difficult housing times. This is no time for amateurs. All this being said, if one speculates in housing you better have someone like Alan Noblitt on your side or one risks making a poor decision. One needs expert advice in these difficult housing times. This is no time for amateurs.

]]> Comment on What Does a Housing Crash Sound Like? by Pat Rombach http://seascapecapital.com/what-does-a-housing-crash-sound-like/#comment-182 Pat Rombach Mon, 30 Jan 2012 00:50:36 +0000 http://seascapecapital.com/?p=554#comment-182 Yes - Real Estate is bubbling again.... Why one asks... Because the some of the same stupid policies that caused the last crash are in place today... if the government artificially supports markets they bubble... fact of life... as you correctly state above...The Fed even promised this week to keep interest rates at rock bottom until the end of 2014 ... stupid... this forces real estate to bubble... low interest rates mean people that should not buy houses buy houses... again too many homes will be built then people will say why did it crash again... the government should not support any industry period... if they do it will wreck the market they support and cause bubbles and crashes... just wait ... housing will crash again shortly... i think i already hear it.... politicians are paid off by the housing industry and they make stupid decisions that help some in the short run (the big builders for example) but wreck the industry long term ... bubbles and crashes... if you do the same behavior the same result will happen... Government should leave the housing industry alone period... then it will go up and down based on demand... housing in not an investment... your house starts to rot the day you finish building your new house... in one hundred years you will have to build it again... it is not a wealth creating endever like a business...actually it is in the wealth destruction business because it is guaranteed in 100 years to be worth nothing but the land... the only thing that has value is the land... prices only increase if the demand for the land goes up ... do not confuse housing with investing... housing is something one lives in that costs money... if you are planning on our house price going up that is speculation not investing... from 1982 - 2000 housing rocked due to poor government policies that encouraged speculation... remember only the land has value the home has none... if you are next to a vacant lot... in one, two, five or ten years the person that owns that lot can put up a better house cheaper than you did ... building materials get better and less expensive over time... this is true unless you expect rampant inflation in the next few years... I actually expect the rampant inflation... if one believes in rampant inflation that would would make your house price will go up... But there are many better ways to invest to capitalize on inflation rather than speculate in housing... Yes – Real Estate is bubbling again…. Why one asks… Because the some of the same stupid policies that caused the last crash are in place today… if the government artificially supports markets they bubble… fact of life… as you correctly state above…The Fed even promised this week to keep interest rates at rock bottom until the end of 2014 … stupid… this forces real estate to bubble… low interest rates mean people that should not buy houses buy houses… again too many homes will be built then people will say why did it crash again… the government should not support any industry period… if they do it will wreck the market they support and cause bubbles and crashes… just wait … housing will crash again shortly… i think i already hear it…. politicians are paid off by the housing industry and they make stupid decisions that help some in the short run (the big builders for example) but wreck the industry long term … bubbles and crashes… if you do the same behavior the same result will happen… Government should leave the housing industry alone period… then it will go up and down based on demand… housing in not an investment… your house starts to rot the day you finish building your new house… in one hundred years you will have to build it again… it is not a wealth creating endever like a business…actually it is in the wealth destruction business because it is guaranteed in 100 years to be worth nothing but the land… the only thing that has value is the land… prices only increase if the demand for the land goes up … do not confuse housing with investing… housing is something one lives in that costs money… if you are planning on our house price going up that is speculation not investing… from 1982 – 2000 housing rocked due to poor government policies that encouraged speculation… remember only the land has value the home has none… if you are next to a vacant lot… in one, two, five or ten years the person that owns that lot can put up a better house cheaper than you did … building materials get better and less expensive over time… this is true unless you expect rampant inflation in the next few years… I actually expect the rampant inflation… if one believes in rampant inflation that would would make your house price will go up… But there are many better ways to invest to capitalize on inflation rather than speculate in housing…

]]> Comment on How Higher Taxes Could Help the U.S. by Pat Rombach http://seascapecapital.com/how-higher-taxes-could-help-the-u-s/#comment-179 Pat Rombach Thu, 19 Jan 2012 21:09:06 +0000 http://seascapecapital.com/?p=548#comment-179 read the book greedy bastards by dillian rattigan ... the problem is the banks have paid off the politicians... and money is not being lent out... banks are playing with derivatives instead of making loans... which leads to massive unemployment... this will end out way of life or at least our high standard of living... we are now back to the standard of living in 1965 and dropping rapidly... my expectation is that nothing will change and in 5 years the US will have the lowest standard of living in the entire world for developed countries... read the book greedy bastards by dillian rattigan … the problem is the banks have paid off the politicians… and money is not being lent out… banks are playing with derivatives instead of making loans… which leads to massive unemployment… this will end out way of life or at least our high standard of living… we are now back to the standard of living in 1965 and dropping rapidly… my expectation is that nothing will change and in 5 years the US will have the lowest standard of living in the entire world for developed countries…

]]> Comment on The Worst Kind of Rescuer by Pat Rombach http://seascapecapital.com/the-worst-kind-of-rescuer/#comment-177 Pat Rombach Mon, 16 Jan 2012 16:22:24 +0000 http://seascapecapital.com/?p=543#comment-177 Alan: Very nice article. I would like to point out one small comment. Printing Money / inflation is a form or default. For example, just print enough money and all of ones debt goes away. Therefore, we have already defaulted to some extent. It is just that no one wants to admit it. Pat Alan:

Very nice article. I would like to point out one small comment. Printing Money / inflation is a form or default. For example, just print enough money and all of ones debt goes away. Therefore, we have already defaulted to some extent. It is just that no one wants to admit it.

Pat

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