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#1
09-29-2008, 08:26 PM
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Anyone else's office freaking out?
Our office is in full on Black Monday mode after the announcement about the US bailout plan. Today is a depressing day to be at work, aside from the usual Monday stuff.
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#2
09-29-2008, 08:48 PM
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Holy crap. I've been so busy today, I haven't even had time to hear about the bailout failure....just looked on cnn.com.
OUCH.
__________________
~Drew 10G Nano * 10G Sump * Deltec MCE 600 Skimmer * JBL Viper 150w MH * Zeovit * Vortech MP40W Millions long for immortality who do not know what to do with themselves on a rainy Sunday afternoon. ~S. Ertz 
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#4
09-29-2008, 09:34 PM
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I am so glad I have a fixed rate mortgage. The Finacial post says 5 year mortgage rates have hit just under 9%.
I wonder what everyone's game plans are for riding this out in the US and Europe?
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#5
09-29-2008, 10:05 PM
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We're just doing a fixed rate refinance and waiting to hear. I'm pulling a LOC from the CIBC as they are really extended into this US mess.
The people on the US forums I'm on seem mainly resigned. Very sad indeed.
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#6
09-29-2008, 10:19 PM
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Why the freak out???......everyone surely knew this was coming keep the debt down and ride it out.
__________________
Murray I reserve the right to hijack any thread I want to!! My carbon footprint is bigger than your carbon footprint !!!!
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#7
09-29-2008, 10:28 PM
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Sadly some people just don't know, or weren't paying attention. It sucks, but its true. It has been quite the somber day here today. Hopefully this might motivate a few people to pay off their debts and get their financial house in order.
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#8
09-29-2008, 10:40 PM
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I remember...
I had a good friend in the States who worked for MLynch, and when the stocks plummeted after 9/11, they had people actually jumping out of windows. (One was a guy she worked with, but there were several others.)
How bad would it really have to be in order to warrant something like that?
__________________
One of the greatest pleasures in life is doing what people say you can't do.
 Michelle
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#9
09-29-2008, 11:16 PM
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no need to worry
I am in the industry and not many of my clients havent been calling...I've been sending out emails and phone calls like crazy and they've seen it before and all know things will get better...Mite be worse at first but we will prevail...
9% mortgage?? Not sure where you are getting that from... http://www.tdcanadatrust.com/mortgages/numbers.jsp All I see is 6.14% special with 7.20% posted rate no discount...Unless they are talking about tomorrow which seems like quite a big jump...When I was lending, I've never seen that big a jump...
__________________
 650G Mixed, 5 - Lumenarc 250w 10K, 4 - Tunze Turbelle 6101 w/7095, BK 250 External 650# - Tonga LR, 49 sps, 9 lps, 4 softies, 10 mush/zoas, 1 clam Blonde Naso, Sohal, 2 Yellow Tangs, Juv Emperor, CBB, Achilles, Kole, Solar Fairy Wrasse, paired pencil Wrasse, Cleaner Wrasse, Blue lined rabbit Fish, 8 clowns, lawnmower blenny, mandarin dragonet, sand sifting goby, abalone, tux urchin, black spiny urchin, 4 cleaner shrimp, 1 fire shrimp, 150+ snails/crabs/conches
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#10
09-29-2008, 11:39 PM
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I got that number from a Financial Post article this afternoon.
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