More teachers get screwed by Facebook

[JustRalph]

http://www.charlotteobserver.com/2012/08/17/3461857/north-carolina-retirees-lost-at.html

I blame the managers. Anybody who didn't see this coming was a fool

[Tom]

No worrys, Ralph, theses are union people right?
Obama will bail them out with our money, even thought they were stupid enough to lose their money.

Can't let union boys accept risk now, can we?

[highnote]

No worrys, Ralph, theses are union people right?
Obama will bail them out with our money, even thought they were stupid enough to lose their money.

Can't let union boys accept risk now, can we?


Anyone who invested in facebook and didn't know facebook was a bad investment deserves to lose their money. All that was required from any investor was to do a little due diligence.

The best way to make money on facebook was to sell it short not long after its IPO.

[newtothegame]

Sorry, I am with highnote on this one.....
And Ralph, I understand your feelings but the teachers were not screwed by FB. they were screwed by the fund managers who did the investment.
I am not for bailing out anyone in this matter. I am by no means a wall street knowledgable guy and understand that I invest at my own risk. In one of my classes, we were talking about FB leading up to the IPO. And anyone who could value that company at what it was being "sold" for was a damn fool.
FB was being valued at 100x's times earnings. Thats INSANE.

Next, is the fund that lost this money complaining about "The state’s stock portfolio managers then sold a small portion of the $26 million investment the next day, making about $215,000." ?????

So, I guess they are saying as long as they made money, it's all good? They weren't worried about the people on the losing end of their 215,000 realized gain were they?



Read more here: http://www.charlotteobserver.com/2012/08/17/3461857/north-carolina-retirees-lost-at.html#storylink=cpy

[newtothegame]

My apologies Ralph, I see where you say they were screwed by the fund managers (in agreement). Sorry I misread initially your position.

[highnote]

My apologies Ralph, I see where you say they were screwed by the fund managers (in agreement). Sorry I misread initially your position.


Same here. Missed that point.

However, investors also need to do some due diligence on the people who manage their funds. The reason I manage my own investments is so that when I make a stupid investment I can only blame myself.

Plus, I don't have time to do due diligence on every fund manager that I might want to invest with. My time is better spent looking for good companies than investigating money managers.

[highnote]

I wonder if the Retirement Fund also sued when the market crashed 50% back during the financial crises? A lot of the blame also could be placed on Goldman and Morgan Stanley. However, if you were on top of things you could have seen a crash was imminent from the wild market gyrations that were occuring in the summer leading up to the crash. Those big point swings were a huge crash signal.

I'll be honest, I kind of miss the excitement of those markets. You can make a lot of money on that kind of volatility.

[Tom]

Do we really want this bunch of idiots teaching our children?

[Valuist]

I wonder if the Retirement Fund also sued when the market crashed 50% back during the financial crises? A lot of the blame also could be placed on Goldman and Morgan Stanley. However, if you were on top of things you could have seen a crash was imminent from the wild market gyrations that were occuring in the summer leading up to the crash. Those big point swings were a huge crash signal.

I'll be honest, I kind of miss the excitement of those markets. You can make a lot of money on that kind of volatility.

Don't think that kind of volatility couldn't come back. What if the bond market crashes? Some are already calling for that in the near future.

[mostpost]

Another example of what a great idea it would be to take Social Security and turn it into a mutual fund. :rolleyes: :rolleyes: If the managers of mutual funds can't always make the right decisions, how is the average person supposed to do so?

[mostpost]

No worrys, Ralph, theses are union people right?
Obama will bail them out with our money, even thought they were stupid enough to lose their money.

Can't let union boys accept risk now, can we?

I am pretty sure that there has been no case of anyone bailing out any unions. I mean actual case. Of course in Tomland it has happened. The thing is Tomland does not exist in the real world. It's kind of like Never Never Land, except not as real.

[mostpost]

Do we really want this bunch of idiots teaching our children?

No, we want teachers who think the world was created in six days. We want teachers who think Climate change is a hoax. We want teachers who refuse to teach evolution. That way everybody can be an idiot, not just conservatives.


There is an idiot in this conversation and he's standing between "Quote" and "do"

[dartman51]

I am pretty sure that there has been no case of anyone bailing out any unions. I mean actual case. Of course in Tomland it has happened. The thing is Tomland does not exist in the real world. It's kind of like Never Never Land, except not as real.

If you think that the auto bailout was about anything but saving the union pension plan, you are even more pathetic than you seem to be. Try pulling your head out of you ass, and get a breath of fresh air. :ThmbUp:

[JustRalph]

There is an idiot in this conversation and he's standing between "Quote" and "do"

How do you get away with this?

[mostpost]

If you think that the auto bailout was about anything but saving the union pension plan, you are even more pathetic than you seem to be. Try pulling your head out of you ass, and get a breath of fresh air. :ThmbUp:

Take off your anti-Obama blinders. The auto bailouts were about saving American auto companies. If doing that also saved a pension plan, I am fine with that. I don't know if you were one of those saying we should let GM go bankrupt, even though that would have cost tens of thousands of people their jobs. We saved the company, terribly sorry if that also meant saving some union pensions. We'll try to do better next time. :rolleyes:

The auto bailouts saved GM and Chrysler. It also saved a lot of companies that would have gone under if two of the big three American Auto manufacturers had failed.

[mostpost]

How do you get away with this?

Are you complaining that I said Tom was an idiot? Where were you when lsbets was calling me all manner of names. Do you have no objection to dartman 51 calling me pathetic in this very thread. I don't need your help in defending myself but it would be nice if you were not such a hypocrite.

[lsbets]

Are you complaining that I said Tom was an idiot? Where were you when lsbets was calling me all manner of names. Do you have no objection to dartman 51 calling me pathetic in this very thread. I don't need your help in defending myself but it would be nice if you were not such a hypocrite.

Stop crying already. You've called people plenty of things. Any "names" I called you were well deserved from your despicable comments.

[mostpost]

Stop crying already. You've called people plenty of things. Any "names" I called you were well deserved from your despicable comments.

By despicable of course you mean comments that don't agree with what you think.

[lsbets]

By despicable of course you mean comments that don't agree with what you think.

No, I mean despicable, like telling me I don't think about my kids or I didn't fight a real war, etc., etc, etc. Obviously I don't agree with that so you're sort of right on that claim there, but that is what made me call you out for the asshole you are. And don't claim you apologized, you didn't. After that, I figured it was fair game to point out how often you lie when you post.

But it is pretty funny that a guy with no kids comments on my parenting, and a guy who never got close to combat tells me what a real war is. You're pitiful.

[PaceAdvantage]

Another example of what a great idea it would be to take Social Security and turn it into a mutual fund. :rolleyes: :rolleyes: If the managers of mutual funds can't always make the right decisions, how is the average person supposed to do so?See, the problem with people like you is that unless 100% of the people managing their money under a proposed Social Security actually turn a profit, you will consider it a failure.

[PaceAdvantage]

No, we want teachers who think the world was created in six days. We want teachers who think Climate change is a hoax. We want teachers who refuse to teach evolution. That way everybody can be an idiot, not just conservatives.


There is an idiot in this conversation and he's standing between "Quote" and "do"Climate change isn't a hoax. But the proposed REASON BEHIND Climate Change has a high likelihood of being just that. Once you frame the argument correctly, then maybe we can finally get some intelligent discourse going...

[PaceAdvantage]

No, I mean despicable, like telling me I don't think about my kids or I didn't fight a real war, etc., etc, etc. Obviously I don't agree with that so you're sort of right on that claim there, but that is what made me call you out for the asshole you are. And don't claim you apologized, you didn't. After that, I figured it was fair game to point out how often you lie when you post.

But it is pretty funny that a guy with no kids comments on my parenting, and a guy who never got close to combat tells me what a real war is. You're pitiful.mostpost has the selective memory of a democratic politician. He would go far in politics.

[lsbets]

Take off your anti-Obama blinders. The auto bailouts were about saving American auto companies. If doing that also saved a pension plan, I am fine with that. I don't know if you were one of those saying we should let GM go bankrupt, even though that would have cost tens of thousands of people their jobs. We saved the company, terribly sorry if that also meant saving some union pensions. We'll try to do better next time. :rolleyes:

The auto bailouts saved GM and Chrysler. It also saved a lot of companies that would have gone under if two of the big three American Auto manufacturers had failed.

The auto bailouts threw bankruptcy laws out the window and placed the bondholders last after the government and the unions got their share of ownership. I don't expect you to understand why it it so important senior debtholders maintain their legal rights in bankruptcy (that is something well above your simple minded thinking), but the fact is the government forced bankruptcy of GM was a giant gift to the unions at the expense of the folks who should have rightfully been first in line, and made it harder for certain companies to raise capital.

[Valuist]

Another example of what a great idea it would be to take Social Security and turn it into a mutual fund. :rolleyes: :rolleyes: If the managers of mutual funds can't always make the right decisions, how is the average person supposed to do so?

Can anybody in any field ALWAYS make the right decisions? Once again, nobody is making anyone manage their own money. But why deny the choice?

[Valuist]

Climate change isn't a hoax. But the proposed REASON BEHIND Climate Change has a high likelihood of being just that. Once you frame the argument correctly, then maybe we can finally get some intelligent discourse going...

I'm still waiting for his explanation of the Ice Age. It had to be too many gas guzzler, carbon emitting cars. :lol:

[newtothegame]

Take off your anti-Obama blinders. The auto bailouts were about saving American auto companies. If doing that also saved a pension plan, I am fine with that. I don't know if you were one of those saying we should let GM go bankrupt, even though that would have cost tens of thousands of people their jobs. We saved the company, terribly sorry if that also meant saving some union pensions. We'll try to do better next time. :rolleyes:

The auto bailouts saved GM and Chrysler. It also saved a lot of companies that would have gone under if two of the big three American Auto manufacturers had failed.
So GM saved....unions saved, all is good....
Ohhh damn.....

General Motors Is Headed For Bankruptcy -- Again

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/

Wait, I thought mosty said GM was saved.......(he shoud of said kicked the can down the road)...

[Tom]

mostie calling me an idiot is very concerning to me.
It really made me sit down and think about this.

I mean, if a full fledged idiot, a professional idiot, if you will, calls you an idiot, does that mean you are an idiot even if you don't think you are an idiot?
Who knows more about idiots than mostie?

I must think this thing through.....I will re-read mosties last 50 posts and my last 50 posts and see if there is a common, idiotic thread connecting them.

[Tom]

No, I'm OK.

*whew!*

[Valuist]

Take off your anti-Obama blinders. The auto bailouts were about saving American auto companies. If doing that also saved a pension plan, I am fine with that. I don't know if you were one of those saying we should let GM go bankrupt, even though that would have cost tens of thousands of people their jobs. We saved the company, terribly sorry if that also meant saving some union pensions. We'll try to do better next time. :rolleyes:

The auto bailouts saved GM and Chrysler. It also saved a lot of companies that would have gone under if two of the big three American Auto manufacturers had failed.

Guess what......GM is on a road straight to bankruptcy.

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/

[DJofSD]

"If you can find a better car, buy it."

[Tom]

I did.
I have been to both GM assembly plants and Hyundai assembly plants.
I bought a Hyundai. I like to buy American when I can. And I've seen how the union yoyos at GM work.

[Valuist]

I did.
I have been to both GM assembly plants and Hyundai assembly plants.
I bought a Hyundai. I like to buy American when I can. And I've seen how the union yoyos at GM work.

I had a Hyundai Santa Fe as a rental recently. Really liked it a lot.

[ArlJim78]

The GM bailout saved UAW jobs and benefits, that was the only objective.
the list of those who had to be screwed in the process is long.

taxpayers were screwed to the tune of tens of billions.

certain dealerships were screwed for no good reason.

non union workers at delphi? they lost their entire pensions, payback is a bitch from the union boys who controlled the white house.

GM bondholders were put to the back of the pack and given pennies on the dollar, and made out to be some kind of greedy slimebags.

the only people who came out smelling like a rose, and who have received giant profit sharing checks in the ensuing years are the UAW.

That is crony socialism in a nutshell.

[mostpost]

Guess what......GM is on a road straight to bankruptcy.

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/
That is one person's opinion. Here are some differing opinions.
http://abcnews.go.com/blogs/business/2012/02/gm-posts-record-7-6-billion-profit/

http://www.dailyfinance.com/2012/02/17/gm-posts-record-earnings-is-it-ready-to-repay-bailout/

GM earning for the first quarter of 2012 were 60 cents a share which was lower than 2012 but higher than expected.

In the second quarter of 2012 earnings were again good; 90 cents a share. This was higher than the expected 74 cents a share predicted by analysts.

Again the profits were lower than a year ago, but one year ago there were record profits. It's kind of hard to beat record profits. Also it seems that GMs fortunes are being adversely affected by the debt crisis in Europe.

This guy bases his theory on the fact that shares have been lower than he would like and the fact that he doesn't like the Malibu. A share of GM stock is worth 20times what it was before the bailout. There will be no bankruptcy in the forseable future, no matter how much the anti bailout crowd wishes,

[Valuist]

That is one person's opinion. Here are some differing opinions.
http://abcnews.go.com/blogs/business/2012/02/gm-posts-record-7-6-billion-profit/

http://www.dailyfinance.com/2012/02/17/gm-posts-record-earnings-is-it-ready-to-repay-bailout/

GM earning for the first quarter of 2012 were 60 cents a share which was lower than 2012 but higher than expected.

In the second quarter of 2012 earnings were again good; 90 cents a share. This was higher than the expected 74 cents a share predicted by analysts.

Again the profits were lower than a year ago, but one year ago there were record profits. It's kind of hard to beat record profits. Also it seems that GMs fortunes are being adversely affected by the debt crisis in Europe.

This guy bases his theory on the fact that shares have been lower than he would like and the fact that he doesn't like the Malibu. A share of GM stock is worth 20times what it was before the bailout. There will be no bankruptcy in the forseable future, no matter how much the anti bailout crowd wishes,

This isn't opinion: since going public on 11/17/10, GM stock is down 39%. What's really bad is since 11/17/10, the Dow has been UP by nearly 20%.

They still have too many lines. They should keep Cadillac and Chevrolet and dump everything else.