Sweet peaceful Idaho

[COUGinNCW]

ID and WA BOTH want your money, they just go about it in different ways. Before I retired (2012) I did a lot of investigation into how the two states taxed their citizens and how it compared. I wanted to know if there was a significant difference that should guide us into determining which side of the state line we lived, given that we were zeroing in on the Spokane/CDA area to move to. Given our known savings and projected future income from pensions, Social Security, and IRA/401k withdrawals, it turned out that there was no major difference. I suspected that ID MIGHT be slightly more expensive ($500-1,000/ year) in the long run, which was not enough to dictate staying in WA to retire. So we looked at property in both areas and finally got lucky with a wonderful place north of CDA.

Now I am dealing with another tax dilemma. Due to several factors, including the early loss of my wife, I am dealing with a decision about whether to move back to WA and build a home on a long time family property on Big Lake near Mt Vernon. Here is something that may shock some of you- if I do build there and have a place somewhat comparable to what I have here in ID, what I pay in property taxes each year would go from about $5,000 in ID to ~$15,000 or more in WA! So yeah, no income tax but boy do you take it in the shorts on property taxes. PLUS, I have recently realized that now itemized deductions of property taxes are limited to $10,000, so you don't get to take full advantage of that on your federal return. And BTW, pretty sure that vehicle registrations are considerably more expensive in WA, which would kick me in the nuts due to having some classic cars along with my Highlander and Silverado.

Regarding inheritance/death taxes, WA forks you over there also. Per the estate attorney I talked with, federal estate taxes start over $10,000,000 IIRC. But WA starts their estate taxes at ~$2,200,000, with the rates increasing from 10% to 20%! And would you like to know the REALLY fun part? When you die you don't need to be living in WA to have them screw you over. If you own property in WA, like a rental property or vacation cabin, they will tax you based on the value of your entire estate, not just the WA property.

It really is a complicated situation for me, factoring in all those tax considerations with other non-financial issues. I'm working on it. Should the deciding factor be that it would make it MUCH harder and costly to attend Cougar games?

Stretch - when you say comparable homes are you talking structures or values? I didn’t think there was that much difference in property tax between the 2 states.

And considering your distance to Coug games is valid. It helped drive my decision to Spokane.

 

[Stretch 74]

Look into the provisions for transfer on death in Washington. Effectively, it transfers real property immediately upon death - it’s not part of your estate and isn’t subject to probate. I’m not sure if it applies only to primary residence or not.

I will have to look into that, haven't heard about that and the attorney was who told me earlier that WA counts real estate value into your estate totals. Going to CPA in a week and have that on my list now. Thanks.

 

[95coug]

I will have to look into that, haven't heard about that and the attorney was who told me earlier that WA counts real estate value into your estate totals. Going to CPA in a week and have that on my list now. Thanks.

Some information:

RCW enabling it

Short description from law firm

It does get taxes in some situations and doesn’t dodge creditors, but in many cases it simplifies things.

 

[Stretch 74]

Stretch - when you say comparable homes are you talking structures or values? I didn’t think there was that much difference in property tax between the 2 states.

And considering your distance to Coug games is valid. It helped drive my decision to Spokane.

Kinda both, but more so value. Old place in Maple Valley is now assessed at $1,240,000, with taxes listed as $12,370. I looked at several places around Big Lake and they all run consistently right at 1% of assessed value also, from from small places up to $2,000,000+.

A year ago my assessed value leaped up by ~$400,000!! Holy crap! It now has dropped about $20,000 this year to just over $1,300,000 and the taxes for the year are just under $5,000.

So you can see that property taxes are running about 2.5 times higher in WA than in ID. So balance that off against the income tax in ID and which place is better to live from a financial standpoint? First glance says ID would be better, but then you have to factor in that next year I will be required to start taking Required Minimum Distributions from IRA's and 401k and it muddies the water. CPA visit, trust attorney visit, and some more spreadsheet forecasting will help to answer the question. At least from a dollars and cents viewpoint, other questions won't be so easy to answer.

 

[95coug]

A year ago my assessed value leaped up by ~$400,000!! Holy crap! It now has dropped about $20,000 this year to just over $1,300,000 and the taxes for the year are just under $5,000.

Wow. My house is assessed at half that, and this year’s taxes are about $5,800.

Probably not moving to Idaho though. Too many trees in the north half. Too much everything in the south.

 

[Stretch 74]

Some information:

RCW enabling it

Short description from law firm

It does get taxes in some situations and doesn’t dodge creditors, but in many cases it simplifies things.

Thanks again for the info. Printing it out for further study and for CPA/Attorney to consider. Unfortunately, I don't think it will work well for me, but we'll see. The property I have (RE, vehicles, accounts, etc is and will be titled in our trust's name to avoid the probate process. We had no kids to leave the property to, and as a result have a long list of relatives, friends, and charities that will be beneficiaries at certain percentages once everything is liquidated. As a result of that I don't think this method is a viable option, but will certainly check it out.

 

[Stretch 74]

Wow. My house is assessed at half that, and this year’s taxes are about $5,800.

Probably not moving to Idaho though. Too many trees in the north half. Too much everything in the south.

Yeah, property values here in this highly desired area have really shot up since 2012. We got in the place for $450,000 and now look at it. Sheesh.

 

[Loyal Coug1]

Thanks again for the info. Printing it out for further study and for CPA/Attorney to consider. Unfortunately, I don't think it will work well for me, but we'll see. The property I have (RE, vehicles, accounts, etc is and will be titled in our trust's name to avoid the probate process. We had no kids to leave the property to, and as a result have a long list of relatives, friends, and charities that will be beneficiaries at certain percentages once everything is liquidated. As a result of that I don't think this method is a viable option, but will certainly check it out.

First of all, friend, sorry about your wife's untimely passing. But if you have no kids to leave your apparently sizable assets to, why do you give a shit what happens after you die? I've got two kids and a granddaughter, soon to be two of them, and I'm already funneling a bit of spare change their way. My siblings are all pieces of shit, I wouldn't leave them anything but maybe a bag of flaming dogshit at their doors. Mom and Dad are long gone. I don't have any relatives that I am close to - don't even know who or where they are.

 

[Stretch 74]

First of all, friend, sorry about your wife's untimely passing. But if you have no kids to leave your apparently sizable assets to, why do you give a shit what happens after you die? I've got two kids and a granddaughter, soon to be two of them, and I'm already funneling a bit of spare change their way. My siblings are all pieces of shit, I wouldn't leave them anything but maybe a bag of flaming dogshit at their doors. Mom and Dad are long gone. I don't have any relatives that I am close to - don't even know who or where they are.

Thank you for the thoughts on my wife. I miss her every day.....

Why wouldn't someone care what happens to their possessions and money when they die. I care because I don't want the government to get any more than necessary. That would be the primary reason. There has been $$ shared with friends and family already, and if things don't go completely to Hell in the rest of my time then some will get more. As well as some good charities. As I have mentioned before, one retirement account is dedicated to the WSU Foundation, three different areas. That way the entire earnings and tax deferred contributions will be protected from the government's greedy hands. And if you don't clearly define what you want to happen to your wealth, state law will probably dictate that it would all go to your closest living relative. Which in your case, could be someone you can't stand. Would you want that to happen? I wouldn't think so.

 

[Flatlandcoug]

Thank you for the thoughts on my wife. I miss her every day.....

Why wouldn't someone care what happens to their possessions and money when they die. I care because I don't want the government to get any more than necessary. That would be the primary reason. There has been $$ shared with friends and family already, and if things don't go completely to Hell in the rest of my time then some will get more. As well as some good charities. As I have mentioned before, one retirement account is dedicated to the WSU Foundation, three different areas. That way the entire earnings and tax deferred contributions will be protected from the government's greedy hands. And if you don't clearly define what you want to happen to your wealth, state law will probably dictate that it would all go to your closest living relative. Which in your case, could be someone you can't stand. Would you want that to happen? I wouldn't think so.

I'm conflicted on the "government's greedy hands". I hate that greedy folks like Musk and Bezos hoard money beyond any reasonable amount and that the morons in our country embrace and embolden that greed. I think we should have a very aggressive tax system as wealth goes beyond generational and heads right to ridiculous.

Despite all the BS and rhetoric, the didn't "earn it", they were just fortunate to have a unique idea that made them wealthy. I believe that we should reward people for their innovations, but anything past $100 million in wealth for one individual is nothing that we as a society should be proud of when there are veterans and elderly people losing their homes every single day. I'm not opposed to billionaires, but I'm also not opposed to taxing the crap out of them in every way possible. Bezos and his family will be fine with "only $75 billion" instead of $150 billion.

That rant aside, folks like you who've made good decisions and saved some money shouldn't see the government strafe through and take a bunch of it and it shouldn't be a tax nightmare to navigate the system. It sucks that when regular people waste their time on these things.

 

[Observer11]

Thank you for the thoughts on my wife. I miss her every day.....

Why wouldn't someone care what happens to their possessions and money when they die. I care because I don't want the government to get any more than necessary. That would be the primary reason. There has been $$ shared with friends and family already, and if things don't go completely to Hell in the rest of my time then some will get more. As well as some good charities. As I have mentioned before, one retirement account is dedicated to the WSU Foundation, three different areas. That way the entire earnings and tax deferred contributions will be protected from the government's greedy hands. And if you don't clearly define what you want to happen to your wealth, state law will probably dictate that it would all go to your closest living relative. Which in your case, could be someone you can't stand. Would you want that to happen? I wouldn't think so.

Stretch, this is your lucky day. Ob11 has just opened a new business - BuyABro

For the ridiculously low price of your entire estate, I will be your beneficiary bro.

Not an asshole, discrete with spending and promise to allocate a portion to whatever choice of hookers, blow, bibles or beer you deem necessary.

We can start with easy monthly installments while you're still alive and kicking.

 

[CougInSpain]

I'm conflicted on the "government's greedy hands". I hate that greedy folks like Musk and Bezos hoard money beyond any reasonable amount and that the morons in our country embrace and embolden that greed. I think we should have a very aggressive tax system as wealth goes beyond generational and heads right to ridiculous.

Despite all the BS and rhetoric, the didn't "earn it", they were just fortunate to have a unique idea that made them wealthy. I believe that we should reward people for their innovations, but anything past $100 million in wealth for one individual is nothing that we as a society should be proud of when there are veterans and elderly people losing their homes every single day. I'm not opposed to billionaires, but I'm also not opposed to taxing the crap out of them in every way possible. Bezos and his family will be fine with "only $75 billion" instead of $150 billion.

That rant aside, folks like you who've made good decisions and saved some money shouldn't see the government strafe through and take a bunch of it and it shouldn't be a tax nightmare to navigate the system. It sucks that when regular people waste their time on these things.

You act as though our government knows what to do with that money once they have it. The government is by far the worst, unchecked, unregulated institution to be deciding what to do with all that money and history has shown this to be true.

 

[Flatlandcoug]

You act as though our government knows what to do with that money once they have it. The government is by far the worst, unchecked, unregulated institution to be deciding what to do with all that money and history has shown this to be true.

For me, people lost the right to bitch about the government wasting money when bros starting paying $150,000 for C8 Corvettes. I went to a car show last year and the Porsche dealer was selling $150,000 cars for $225,000 because f#ckheads with too much money were willing to overpay.

Our government has some wasteful programs but the reality is that our country's economy is better when we have a well funded government. Y'all didn't have to live through the sh!t that I did in Kansas from 2012 to 2016 when Governor Brownback gutted our state government in the world's stupidest tax experiment. It's weird that as soon as we got rid of most of his idiotic tax cuts, the Kansas economy boomed.

So yeah, there is some waste, but I'd rather see pet projects that might make our country a better place than to see Jeff Bezos and Elon Musk engage in a monetary dick measuring contest.

 

[CougInSpain]

For me, people lost the right to bitch about the government wasting money when bros starting paying $150,000 for C8 Corvettes. I went to a car show last year and the Porsche dealer was selling $150,000 cars for $225,000 because f#ckheads with too much money were willing to overpay.

Our government has some wasteful programs but the reality is that our country's economy is better when we have a well funded government. Y'all didn't have to live through the sh!t that I did in Kansas from 2012 to 2016 when Governor Brownback gutted our state government in the world's stupidest tax experiment. It's weird that as soon as we got rid of most of his idiotic tax cuts, the Kansas economy boomed.

So yeah, there is some waste, but I'd rather see pet projects that might make our country a better place than to see Jeff Bezos and Elon Musk engage in a monetary dick measuring contest.

Over-spending to the tune of trillions will do that and more..... Like hyper inflation of currency, bloated valuation of the housing market, unsustainable GDP. I agree there needs to be government spending above the call of duty but lets not pretend every bro buying a Corvette and Porsche can actually afford it. Corporations take a significant risk to lend money for these yahoos to buy such luxury and when the economy takes a turn for the worse, more than likely they won't be able to afford those $1,000+ monthly payments on top of all the other toys, mortgages, credit cards etc that they over extended themselves on.

 

[WillieThePimp]

Over-spending to the tune of trillions will do that and more..... Like hyper inflation of currency, bloated valuation of the housing market, unsustainable GDP. I agree there needs to be government spending above the call of duty but lets not pretend every bro buying a Corvette and Porsche can actually afford it. Corporations take a significant risk to lend money for these yahoos to buy such luxury and when the economy takes a turn for the worse, more than likely they won't be able to afford those $1,000+ monthly payments on top of all the other toys, mortgages, credit cards etc that they over extended themselves on.

Rule #1 when it comes to purchasing luxury items: if you can’t afford to buy it with cash, you can’t afford it.

Corporations aren’t taking that big of a risk in lending - they know that if the shit hits the fans the government is likely to bail them out.

 

[CougEd]

Over-spending to the tune of trillions will do that and more..... Like hyper inflation of currency, bloated valuation of the housing market, unsustainable GDP. I agree there needs to be government spending above the call of duty but let’s not pretend every bro buying a Corvette and Porsche can actually afford it. Corporations take a significant risk to lend money for these yahoos to buy such luxury and when the economy takes a turn for the worse, more than likely they won't be able to afford those $1,000+ monthly payments on top of all the other toys, mortgages, credit cards etc that they over extended themselves on.

CIS I thought the housing market was a function of capitalism and supply and demand.

Corporations have very little risk . Privatize the profits, socialize the losses . Too big to fail. You think the and airlines and banks follow true capitalism ?

 

[Stretch 74]

Stretch, this is your lucky day. Ob11 has just opened a new business - BuyABro

For the ridiculously low price of your entire estate, I will be your beneficiary bro.

Not an asshole, discrete with spending and promise to allocate a portion to whatever choice of hookers, blow, bibles or beer you deem necessary.

We can start with easy monthly installments while you're still alive and kicking.

I think it is actually Loyal that needs to buy a bro, but since you made that attractive offer to me.......the check is in the mail!

 

[Stretch 74]

I'm conflicted on the "government's greedy hands". I hate that greedy folks like Musk and Bezos hoard money beyond any reasonable amount and that the morons in our country embrace and embolden that greed. I think we should have a very aggressive tax system as wealth goes beyond generational and heads right to ridiculous.

Despite all the BS and rhetoric, the didn't "earn it", they were just fortunate to have a unique idea that made them wealthy. I believe that we should reward people for their innovations, but anything past $100 million in wealth for one individual is nothing that we as a society should be proud of when there are veterans and elderly people losing their homes every single day. I'm not opposed to billionaires, but I'm also not opposed to taxing the crap out of them in every way possible. Bezos and his family will be fine with "only $75 billion" instead of $150 billion.

That rant aside, folks like you who've made good decisions and saved some money shouldn't see the government strafe through and take a bunch of it and it shouldn't be a tax nightmare to navigate the system. It sucks that when regular people waste their time on these things.

Don't we already have an aggressive/progressive tax system? The top 5% of earners pay like 60% of the taxes, and the bottom 50% of earners pay no federal income tax.

While I am sure that some folks may have "just had an idea", I think the vast majority of those very rich folks had an idea and had to work extremely hard, with long hours, to convert that idea into a operational company.

Completely agree with your last paragraph.

 

[kougkurt]

Rule #1 when it comes to purchasing luxury items: if you can’t afford to buy it with cash, you can’t afford it.

Corporations aren’t taking that big of a risk in lending - they know that if the shit hits the fans the government is likely to bail them out.

Yeah, look at SVB. Took our money and made unwise-risky investments. Got bailed out

 

[mikalalas]

Don't we already have an aggressive/progressive tax system? The top 5% of earners pay like 60% of the taxes, and the bottom 50% of earners pay no federal income tax.

While I am sure that some folks may have "just had an idea", I think the vast majority of those very rich folks had an idea and had to work extremely hard, with long hours, to convert that idea into a operational company.

Completely agree with your last paragraph.

Amen, this.

My Grandfather farmed 2000, 3000 acres of wheat between Palouse and Moscow Idaho, for 40, 50+ years before he died.

People thought he is, was rich and should pay more taxes, because he had 1.5 million in bank that he saved up for 35+ years, and because he grossed about a 225k per year profit, and netted a 113k per year profit out of that, and had 7 250k wheat combines, and about 17 cars, trucks, over 37 years.

But he wasn't as rich as people thought, because if he needed another wheat combine, or a replacement, that was about 225k. And tractors were about 35k to 63k, and plows were about 25k, and seed to plant 1 seasons crop, was about 1/5 of profit, or about 15k to 30k. Then the cost of workers.

And then he had to work from 5 am in morning until about 6 pm at night for 6 days a week that he did for 50+ years.

And if he had not had such good credit, then when the 1986,87 fire that destroyed his whole farm, would have put him out of business, farming, etc, FOREVER, and he would have LOST EVERYTHING, been DIRT poor, because he had to get the bank to loan him the money to start over from scratch AGAIN.

But hey, he should have had to pay even more taxes then the ridiculous amount of taxes he already paid, at the time, because he was SUPPOSEDLY rich, off of putting food on people's plate and feeding them, etc.

And that's on top of what he gave in service and Charity, etc.

People today just don't understand what people like my Grandfather go thru, that they are not always as rich as they seem, and that they don't deserve to be TAXED TO DEATH, AN OR ALMOST DRIVEN OUT OF BUSINESS, FARMING, ETC, because of taxation.

I'd love to make those that cry about how people like my Grandfather should pay even more taxes, have to be in my Grandfather shoes for 3+ years.

They wouldn't last a day in my grandfather's shoes, let alone 3+ years.

 

[Stretch 74]

Amen, this.

My Grandfather farmed 2000, 3000 acres of wheat between Palouse and Moscow Idaho, for 40, 50+ years before he died.

People thought he is, was rich and should pay more taxes, because he had 1.5 million in bank that he saved up for 35+ years, and because he grossed about a 225k per year profit, and netted a 113k per year profit out of that, and had 7 250k wheat combines, and about 17 cars, trucks, over 37 years.

But he wasn't as rich as people thought, because if he needed another wheat combine, or a replacement, that was about 225k. And tractors were about 35k to 63k, and plows were about 25k, and seed to plant 1 seasons crop, was about 1/5 of profit, or about 15k to 30k. Then the cost of workers.

And then he had to work from 5 am in morning until about 6 pm at night for 6 days a week that he did for 50+ years.

And if he had not had such good credit, then when the 1986,87 fire that destroyed his whole farm, would have put him out of business, farming, etc, FOREVER, and he would have LOST EVERYTHING, been DIRT poor, because he had to get the bank to loan him the money to start over from scratch AGAIN.

But hey, he should have had to pay even more taxes then the ridiculous amount of taxes he already paid, at the time, because he was SUPPOSEDLY rich, off of putting food on people's plate and feeding them, etc.

And that's on top of what he gave in service and Charity, etc.

People today just don't understand what people like my Grandfather go thru, that they are not always as rich as they seem, and that they don't deserve to be TAXED TO DEATH, AN OR ALMOST DRIVEN OUT OF BUSINESS, FARMING, ETC, because of taxation.

I'd love to make those that cry about how people like my Grandfather should pay even more taxes, have to be in my Grandfather shoes for 3+ years.

They wouldn't last a day in my grandfather's shoes, let alone 3+ years.

Farming is a tough life, that's for sure. And growing up in the Skagit Valley seeing the famers work, and picking crops/working harvesting fruits and vegetables.......well, let's just say I have a ton of respect for those that chose that life.

College roommate that went to Montana Law School and stayed in Montana used to joke that the way to become a millionaire farming in Montana was to start with $10,000,000. I can see that happening.

 

[CougInSpain]

CIS I thought the housing market was a function of capitalism and supply and demand.

Corporations have very little risk . Privatize the profits, socialize the losses . Too big to fail. You think the and airlines and banks follow true capitalism ?

If corporations have little to no risk in their business model, then why do they ALL have an entire department solely dedicated to Risk Management?

 

[CougInSpain]

Yeah, look at SVB. Took our money and made unwise-risky investments. Got bailed out

The liberals need their people to stay wealthy... How else will they fund their campaigns?

 

[CougEd]

If corporations have little to no risk in their business model, then why do they ALL have an entire department solely dedicated to Risk Management?

Why do corporations ask for bail outs and get them. SVB bank had a risk management department .

Bail out = corporate socialism

 

[dgibbons]

Yeah, look at SVB. Took our money and made unwise-risky investments. Got bailed out

SVB wasn't bailed out, it was placed into receivership. Basically shut down and is being sold off.

You might be thinking of the depositors who had deposits greatly exceeding the FDIC insurance limit.

 

[dgibbons]

Why do corporations ask for bail outs and get them. SVB bank had a risk management department .

Bail out = corporate socialism

Because corporations have an outsized grasp on the levers of power in congress.

 

[WillieThePimp]

The liberals need their people to stay wealthy... How else will they fund their campaigns?

Damn you George Soros, you liberal commie fascist bastard!

 

[wazzucougs96]

The liberals need their people to stay wealthy... How else will they fund their campaigns?

who do you think is funding right wingers? Good god you are stupid

 

[CougEd]

The liberals need their people to stay wealthy... How else will they fund their campaigns?

The liberals need their people to stay wealthy... How else will they fund their campaigns?

Liberals only ones who make money ? I thought they are the tax and spend people . You seem to think republicans aren’t capable of making money . If that is the case why allow them to run government ?

 

[Loyal Coug1]

If corporations have little to no risk in their business model, then why do they ALL have an entire department solely dedicated to Risk Management?

First of all Risk Management is about a lot of things. Property and liability insurance, exployee safety and relations, computer security, etc. Took a graduate class in Risk Management.

Second, how come all my threads get hijacked by you guys? We go from Idaho rednecks to taxes and corporate politics.

Finally, did you all read about the 4 murders in Kellogg? Link below. Geezus Christ.

'Executed his neighbors': Man charged with first-degree murder in Idaho family's slaying

The victims are Kenneth Guardipee, his daughter Kenna Guardipee, and his teenage grandsons. Majorjon Kaylor could face the death penalty.

www.yahoo.com

 

[CougEd]

Don't we already have an aggressive/progressive tax system? The top 5% of earners pay like 60% of the taxes, and the bottom 50% of earners pay no federal income tax.

While I am sure that some folks may have "just had an idea", I think the vast majority of those very rich folks had an idea and had to work extremely hard, with long hours, to convert that idea into a operational company.

Completely agree with your last paragraph.

Stretch I think I know a group or two who feel just like you do. Worked their asses off only to have it taken away from them and wound up with zip .

 

[Loyal Coug1]

Stretch I think I know a group or two who feel just like you do. Worked their asses off only to have it taken away from them and wound up with zip .

How do you know about my divorce settlement?

 

[How_did_this_happen?]

CIS I thought the housing market was a function of capitalism and supply and demand.

Corporations have very little risk . Privatize the profits, socialize the losses . Too big to fail. You think the and airlines and banks follow true capitalism ?

It was your government through the years that has allowed consolidations/ M&As.

That's why so many corporations are "too big to fail."

 

[How_did_this_happen?]

Because corporations have an outsized grasp on the levers of power in congress.

I got a kick out of all the techie liberal wealthy folks who had invested in SVB and got bailed out by the party of the poor and oppressed. That was golden.

 

[CougInSpain]

First of all Risk Management is about a lot of things. Property and liability insurance, exployee safety and relations, computer security, etc. Took a graduate class in Risk Management.

Second, how come all my threads get hijacked by you guys? We go from Idaho rednecks to taxes and corporate politics.

Finally, did you all read about the 4 murders in Kellogg? Link below. Geezus Christ.

'Executed his neighbors': Man charged with first-degree murder in Idaho family's slaying

The victims are Kenneth Guardipee, his daughter Kenna Guardipee, and his teenage grandsons. Majorjon Kaylor could face the death penalty.

www.yahoo.com

Wow!! A graduate class in Risk Management? Holy hell I am out of my league here. Maybe I should stop working in Risk Management, take the course you took so I can be fully informed. By the way, no one can hijack your nonsense. If anything, its been made more entertaining. Oh and most of your threads (and there's a lot of them) are not even worth opening let alone posting anything in them.

 

[Loyal Coug1]

Wow!! A graduate class in Risk Management? Holy hell I am out of my league here. Maybe I should stop working in Risk Management, take the course you took so I can be fully informed. By the way, no one can hijack your nonsense. If anything, its been made more entertaining. Oh and most of your threads (and there's a lot of them) are not even worth opening let alone posting anything in them.

Scroll down the thread list and see which ones get the most replies. And apologies - I thought you were dissing Risk Management. Then start a thread yourself that is worth reading and replying to.

 

[CougEd]

I got a kick out of all the techie liberal wealthy folks who had invested in SVB and got bailed out by the party of the poor and oppressed. That was golden.

Investors didn’t get bailed out . Anyone who invested got their ass kicked. The depositors were made whole.

 

[CougEd]

Wow!! A graduate class in Risk Management? Holy hell I am out of my league here. Maybe I should stop working in Risk Management, take the course you took so I can be fully informed. By the way, no one can hijack your nonsense. If anything, its been made more entertaining. Oh and most of your threads (and there's a lot of them) are not even worth opening let alone posting anything in them.

Maybe in need new classes cause not what risk management team thought it was a great idea to lend a person with a 630 credit score, no income verified, and zero down .

Or with VSB bank what risk management team purchased assets at a low interest rate in a rising interest rate environment .

Truth be told profits are privatized , losses are socialized … that is the the problem and that makes it less risky

 

[How_did_this_happen?]

Investors didn’t get bailed out . Anyone who invested got their ass kicked. The depositors were made whole.

Okay. Substitute "investors" with "depositors." Does that make you feel better?

 

[WillieThePimp]

Okay. Substitute "investors" with "depositors." Does that make you feel better?

This may be hard for you to get your head around but putting money into a stock is not the same as depositing it into a bank.