All Forum Posts by: Eddie Ziv

OK. I'll take a shot at bringing the issue back. US immigration issues dwarf compare to the European immigration ones.

In the seventies and eighties Germany, suffering from holocaust conscious issues along with the need for cheap labour, allowed influx of workers from Turkey to enter the country. Over the years, the problem grew with a stream of illegal immigrants flooding Europe mainly from north and central Africa.

In the matter of fact, Europe not only facing economical crisis, but identity crisis as well.
Here in America we do share differences and yes, Alaska and NY are far apart culturally as they are geographically, but America is still a country rooted in the idea of immigration. If there is one central identity in this country, it is the fact that most of us are either immigrants or our ancestors were immigrants (With exception of the native Americans and blacks, of course).

Throughout the history of the country, there was always economical gaps between states, but that have never impaired the country.

Europe is a completely deferent story. culturally and economically.

Larry Moore took the words out of my mouth... This is by far the worst season ever.

I think Lee will take the crown, but Crystal Bowersox will have a better career longevity.

... This is still a Real Estate Investor site... Right?... Just checking...

Thanks Rich... One brave soul... :lol:
I agree with you on the stress test. It created an impossible situation for the banks. On one hand, the fed rolled back the monitory reserve requirements, which provides better stability, but on the other hand, it restricts the banks' ability to lend...
The AIG is a different story. It's one of those "You damned if you do and you damned if you don't" AIG exemplified the term "Too big to fail" mainly because too many pension plans were heavily invested in it.
...And of course there is Goldman Sachs. This is the one that really boils my blood since bailing out AIG also seems to be part of the plan of bailing out Goldman...( Not only too big to fail but too powerful as well...)
I'm against the concept of bail out myself as well, however in this case I don't think we had a choice.
The part that strikes me the most is the fact that the government lends the banks money at zero interest and they all turn around and charge us an arm and a leg...

What? No takers? I guess you were all for the bail out... Or just flag waving bunch with no real solution... :lol:

Tim,
I have serious doubt that this would pass. Do you know how many congress persons own investment real estate?...

That reminds me the idiots of the city of Santa Monica back in the 80's. They decided to open the public parks to the homeless people and passed an ordinance that prohibit anyone to kick them out. They've been regretting that decision for the past two decades....

Despite all that I would still put my money on California (If I could afford it...) and Florida (which I'm contemplating. Already own a piece of land there... :wink: )

Those two sunshine states proved to be a sure thing in the past and they will come back sooner than many others... (Are you listening AZ & NV?)

I know many here vehemently opposed the financial institutions' bail out of 2008 & 2009, but here is the question. What would be the alternative? And if you say "let them all fail" what do you think the ramifications would have been if we did?