When the IRS gives you a break, panic.
When they waive an entire corporate tax provision? I don't know what you do then.
The Internal Revenue Service significantly relaxed the rules governing how U.S. corporations can repatriate cash parked overseas, in yet another government move to ease the credit crisis.The ruling, issued late Friday, allows companies to bring back money for months at a time without incurring the 35% corporate income tax they normally would owe.
IRS Lets Firms Tap Cash Overseas [Wall Street Journal]
Posted by guest , Oct 07, 2008 5:04PM
CARNEY!
http://www.clusterstock.com/2008/10/blood-on-the-street-jp-morgan-pushed-merrill-lynch-into-bank-of-america-merger
Posted by guest , Oct 07, 2008 5:05PM
Temporary
Inter-Country
Transfers?
Posted by guest , Oct 07, 2008 5:08PM
Does anyone actually know anyone in foreclosure or about to go into foreclosure or even in forbearance?
Posted by guest , Oct 07, 2008 5:16PM
um this is pure genius. Dollar spike plus extra liquidity.
Enjoy these last few days. Obama will not be doing anything like that. He will try to bring all the "jobs" home instead.
Posted by guest , Oct 07, 2008 5:20PM
@3, nope.
But my condo is on the market and I always wonder how many other listed properties are up for that very reason.
Posted by guest , Oct 07, 2008 5:21PM
#4. If he is still in the presidential race after the info from Jerome Corsi hits the news cycle.
Posted by guest , Oct 07, 2008 5:23PM
"Info" from Jerome Corsi my ass. It may have worked in 2004, but that discredited hack won't get traction this year.
Posted by guest , Oct 07, 2008 5:23PM
#5. Been taking an informal survey. Where are these people who are in foreclosure or at least forbearance?
Wanted to see what property was available. Even the bank sites have very few "listings" of their owned homes.
Posted by guest , Oct 07, 2008 5:24PM
I agree with this one! Brilllllllliant
Posted by guest , Oct 07, 2008 5:26PM
#7. Whatever information the guy has, the government of Kenya thought it important enough information to detain him. I haven't decided who I'm going to vote for (don't bother berating me, my friends on both sides are disgusted and calling me "unbelievable"). But I, as a responsible voter want to hear what the guy has to say.
Posted by guest , Oct 07, 2008 5:26PM
6 From Christian Science Monitor: "Corsi claims that he is exposing secret links between Obama and Kenyan officials and that Obama has a plan to turn the US into a Muslim nation" The only ones who are gonna believe that are the ones who are already stupid enough to vote for Sarah Snowpants.
Posted by guest , Oct 07, 2008 5:32PM
#11 I've heard that 34 million in campaign contributions came from overseas. Now that is not on the "up and up". Makes me, the undecided voter, pause.
At this point most americans would believe almost anything. Hey last night Malkin had a report that the Catholic Church instead of giving to the poor is giving to political organizations, specifically acorn. So, yes, nothing would shock us and if they said the guy is a muslim tomorrow betcha everyone would say "they secretly knew it all along."
Posted by guest , Oct 07, 2008 5:35PM
12 Not true. You need to be a US citizen or National to contribute. The campaign is obliged to return the contribution if otherwise. Look at the fine print on the card you sign when you "contribute" (voluntarily??) to your firms PAC.
Posted by Anal_yst , Oct 07, 2008 5:35PM
AJCA, part deux?
Posted by guest , Oct 07, 2008 5:38PM
#13. My geeky friends tell me that the 34 mil in contributions was gotten over the computer on credit cards and is not subject (these senators didn't get that right) to the contribution laws. Guess next election cycle they will correct their loophole unless, since it benefits them, they will just leave it and hope no one mentions it.
Posted by guest , Oct 07, 2008 5:52PM
@6 That is dubious stuff. The link to the terrorist Bill Ayers, who tried to blow up the pentagon in the 60s', is much more tangible.
Posted by guest , Oct 07, 2008 5:55PM
#16. Why doesn't the guy just produce his birth certificate and his wedding picture and his columbia grades and thesis and something from the Harvard law review with his name on it.
It would make so many happy with little effort and then they could just fight about the issues.
Posted by guest , Oct 07, 2008 5:56PM
15 Again, I know about these things and what you're saying is simply not true.
Posted by guest , Oct 07, 2008 5:59PM
Looking for forclosures just search any major midwest city on realtytrac.com (try Detroit, it had too many houses to load properly last I checked)
Posted by guest , Oct 07, 2008 6:03PM
#18, I'm just telling you what people are saying.
Posted by guest , Oct 07, 2008 6:22PM
Racist shitbag posting Corsi rumors:
Kenya isn't a Muslim nation, retard. But I'm sure black = Muslim = terrorist.
Fucking sheethead.
Posted by guest , Oct 07, 2008 6:22PM
17: Obviously you don't spend enough time around conspiracy nuts. Like the religious, anything that bolsters their argument is proof: anything that refutes it is either lies or misinterpreted.
Posted by guest , Oct 07, 2008 6:28PM
IP ban the racist scum; they can go back to Stormfront and Free Republic.
Posted by guest , Oct 07, 2008 6:33PM
Wow, I bring up legitimate concerns and I'm accused of being a racist? You are an asshole, I'm black.
Posted by guest , Oct 07, 2008 6:40PM
If you are associating Kenya with Muslim, yes, you are racist, as well as a flat moron who can apparently type on the Internet (and allegedly work somewhere where you can find Dealbreaker) but can't conduct research.
Posted by guest , Oct 07, 2008 6:58PM
I said nothing racist nor did I say anything about kenya and muslims. You obamanoids really can't read can you.
I said I wanted to know more. period.
Posted by guest , Oct 08, 2008 12:00AM
21 is an ass. Yes there are Muslim tribes in Kenya and they are agitating just like every other muslim tribe in the world. Obama has documented links with the East-German trained, Muslim-ally and power-hungry thug-politician Raila Odinga who instigated the deadly tribal election rampage earlier this year. Just in case anyone in here cares about facts, which Obama-supporters (group-think-addled ideologues)never do.
Vote for Obama or you are a racist!
That's the only thing going through these libtards' heads.
I truly fear for America if that empty-suit socialist-black-power-radical somehow manages to steal the election.
Posted by guest , Oct 08, 2008 12:02AM
That goes for 25 as well. Do some research yourself. Douche~tard.
Posted by diablo , Oct 08, 2008 12:03AM
@27
You are a waste of electrons.
Go to
http://freerepublic.com/
and don't come back.
Posted by guest , Oct 08, 2008 7:53AM
Hang on - may not be the end of the world. This has happened before:
http://www.afponline.org/pub/gr/i_hlandinvest.html
I worked on raising a lot of capital from the Euromarket to flood back into the US and inflate your bubble further.
No thanks necessary.