Cathe Friedrich Forums

Want our Forums on the go?
Get Cathe’s forum app for the iPhone, iPad or Android device.

 

Go Back   The Cathe Nation > Cathe Friedrich Fitness Forums > Check-ins & Challenges

Check-ins & Challenges We've created this brand new forums to post all of your Cathe and fitness related check-ins and challenges

:::CHEETAHS:::WORK IT WEDNESDAY!:::

This is a discussion on :::CHEETAHS:::WORK IT WEDNESDAY!::: within the Check-ins & Challenges forums, part of the Cathe Friedrich Fitness Forums category;; GOOD MORNING CHEETAHS! Posh: Hope you find out about your horse soon! Today will be a 5 mile run. Have ...

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 10-01-2008, 03:55 AM
fitg's Avatar
Cathlete
fitg's Profile Fields
 
Join Date: Jul 2008
Posts: 315
Default :::CHEETAHS:::WORK IT WEDNESDAY!:::

GOOD MORNING CHEETAHS!

Posh: Hope you find out about your horse soon!

Today will be a 5 mile run.

Have a great day everyone!!!
Reply With Quote
  #2  
Old 10-01-2008, 04:42 AM
RunninTeach's Avatar
Cathlete
RunninTeach's Profile Fields
 
Join Date: Jul 2007
Posts: 4,798
Default

Good morning, cheetahs!

I "slept in" a bit this morning, so I have to post this quick. My phone rang at 1 am (some number in Carlisle, PA?) and it took me about half an hour to get back to sleep.

Christine I realized about the bug comment after I hit post. Hilarious clip! I don't remember that particular skit, but I used to love The Muppet Show. I think I might make the line "sip the air like wine" part of my marathon mantra.

Karen—how far apart in age are your girls? Do you differentiate instruction for them? Just curious...Very difficult to stay healthy when the school is rampant with germs. Lots of kids and colleagues have been sick.

Jackie—I used to have a hairstylist like that who would get backed up. It's not that she overbooked, but that the place only took walk-ins. I felt bad, but ultimately decided to move on.

Gloria—I would rather score after school; I doubt we will get paid for that, but I hate to miss too many days. So far, I have already been out 3x (1 personal and 2 PD). I brought the assessments home yesterday, but then I rebelled and did none of it. Want to enjoy my days off sometimes and not think about school. It'll get done, though. How are you keeping up with your workload?...Enjoy your 5 miler!

Posh—thanks for updating us; let us know what DH finds with his follow-up call, please. Fingers remain crossed. *Ha ha* re: Napa. I checked into flights for San Fran (I assume that's where it makes the most sense to fly into) for that weekend, and they're not cheap, but the greater issue is time—getting a decent outbound & return flight to justify the cost. Trips out west do pose a bit of challenge during the school year, and now I only have one personal day remaining. I know with LV, which we'd talked about last year, it was just impossible. But one step at a time: will see how I feel after Chicago.

Yesterday I did not do weights (failed miserably at being like Carole *lol*). The abbreviated run, yoga, and the tennis ball rolling treatment was it for me. As mentioned, I'm feeling a little more fatigued than usual, which I'm chalking up to the sniffles that are trying to creep in. For tonight, I'm hesistant to commit verbally to anything with the way I've been going lately, so I'll just report whatever I do when I DO it.

Have a great Wednesday!
__________________
RunninTeach


"Relish today. Catch up tomorrow."
Reply With Quote
  #3  
Old 10-01-2008, 06:26 AM
Fit_mommy's Avatar
DeCathelete
 
Join Date: Jun 2005
Posts: 26,855
Blog Entries: 7
Default

I give up. My knee is sore again. It started bothering me overnight. I guess it's weights for me today unless it makes a recovery with in a couple of hours. Perhaps the 2nd 15 mile run is not in the cards for me.

I am also starting to reconsider the full marathon in March. Atleast for now. Not sure I'm ready to make a training committment like that. Truth me told, I am tired of training just from doing it for the 18 mile race. I'm not going to force it. I'll wait it out and see how I feel about it when it's almost time to start training.

Cathy: Sorry you are not feeling up to snuff lately. With the intensity of the marathon training it would not surprise me if you are a bit run down right now. Sounds like your taper came at the right time. Sorry about the belly problems and the gnats (LMBO!!!) during y'day's run. Stomach issues when you are not by a bathroom are NEVER fun.

Gloria: Enjoy your run today. Good luck with new shoes!

Christine: Keepin' my fingers crossed the rumors at your company STAY rumors! Great job with Leaner Legs! OUCH is right! Congrats on scoring the tickets, btw!!!

Carole: Weight maintenence has always been easier for me then weight loss. I must be the odd one. LOL Unfortunately my eating has been awful so my weight has creeped up a few pounds. If I can manage to get a grip soon I know I'll be able to reverse that easily but if not, I'm sure to have some trouble. So how much total weight did you lose if you don't mind my asking? Did you celebrate with a Michelob Ultra? Hey, did you see the new beer....MGD 64. Only 64 calories! I'm all over it!

Linda: Hope your TM continues to behave.

Jackie: I thought about keeping the new kicks if the inserts work in the old ones but considering the knee issues I am currently having, perhaps these new shoes don't work for me either? I really need to grab some inserts FAST!!!! Great work out today.

Judy: Enjoy building your running mileage back up. I hope your PF continues to behave.

Karen: I've never had problems with my knees before now. They will get sore after a long run but I never had problems with soreness after the shorter, faster treks. I'm really starting to get upset by this. I need to figure out what the problem is FAST! So the OD run was a cold one huh? I thought about that. The weather in March is very unpredictable. Ofcourse now that I am leaning towards perhaps NOT doing it, I may not have to worry about it.

Posh: Sending good vibes for the results you seek from the vet! You know you wanna run Napa!

That's all for now. BB after I drop DS off at school.
__________________
STS 5.5 Month Rotation Graduate: 1/2/11-7/10/11

Wendy

Last edited by Fit_mommy; 10-01-2008 at 06:28 AM..
Reply With Quote
  #4  
Old 10-01-2008, 07:19 AM
trooper15's Avatar
Cathlete
trooper15's Profile Fields
 
Join Date: Aug 2005
Posts: 1,494
Default

Good morning cheetahs! Yesterday was a full day sitting in front of a computer screen... torture for me!! Glad it's over Can't say I'm all that impressed with their software for charting, etc but I'll withhold final judgment for a while. It's not like I have a choice anyway I did get in a great workout with AllBody Cardio first and yest evening went for 40 minutes on the EXT which felt great

Carole- Congratulations on making your goal weight!! I'm looking forward to seeing a pic of you soon at Chicago.. with your new do and svelte bod to go with it!

Wendy- I'm so sorry your knee is troubling you again!! You're fitness level is fantastic and you did put in some good miles so I wouldn't fret about not getting in that last 15 miler. Not to worry... we'll take out time at LBI and have a ball! I bet you'll be all charged up to tackle a full mary!

Cathy- I didn't notice my banged up knee at all during my last long run
It's only tender to the touch... not bad. LOL about how many calories are in a gnat! I had a few of those bug meals during runs myself
Oddly enough I was thinking I'd have much more of a bug problem here... not the case at all! There are gnats in the evening in the woods, but not in the open and no mosquitos that I've noticed! Sounds like all the marathon training and the usual hectic start of the school year has really gotten to ya! Sorry you were unsuccessful at being Carole (LOL)
I know you'll do the wise thing (as always) and listen to your body.

Karen- I've been in a couple of those mega crowd marathons (Phoenix and Vegas) I guess Carole forgot to mention Vegas... there were well over 20,000 there!! They also used those disposable timing chips and they worked very well. I participated in a wave start in Phoenix and it made it much more organized... I liked it! You'll really like the experience I'm sure!!

Gloria - hope you are getting in a great run this morning! I'll be getting outside myself pretty soon. It is daunting to think of running 26.2 miles when the farthest you've been is half of that, BUT... that's what training programs are for. A nice gradual build up and you'll be wondering why you ever thought a 15+ mile run was such a big deal.... really!

Linda- TM back in action.... woohooooo! I find that pretty amazing that it is only a yr old! That is supposed to be a good brand too so I hear.
Hope it still behaves for you and it's a good idea to have it checked out anyway. When is your upcoming Mary anyway... pretty soon isn't it?

Thomasina- Great to hear from you and it sounds like you had a great getaway/wedding trip. Looking forward to seeing those pics. Very glad to hear Smokey is better, keep us updated!

Christine- Did you survive the hectic work day yesterday? These are some scary financial times lately. I'm afraid DH and I are casualties of all this mess. I'll be paying two mortgages for a very long time I'm afraid.
We'll be okay, I'll just have to budget wisely for the unforseeable future.
When our contract for the realtor ends in Oct I may try to talk DH into renting the house.... we'll see. What's the workout plan today?

Jackie- The painting in the main living area and kitchen/dining area is done. Those were the most important areas and I can relax a bit now
It will be nice to cover up the bright green master bedroom tho! Nice jo with the iTread sprint workout yest. Got a new do also?

Judy- BBQ tempeh sounds yummy! One drawback to this area is that it is not at all very health concious. I have yet to find a single health food store. The vegan/vegetarian options at the supermarkets are scanty to say the least (sigh) I'll keep looking. Great plan to build up the miles very slowly and glad to hear that that PF is history!

Caught up for now... time to get the tush in gear. I'll be doing a 6 mile run and then later KB/L&G circuit. I go in to work tonight so a good heavy workout should make for a nice nap time this afternoon!

tata
__________________
Reply With Quote
  #5  
Old 10-01-2008, 07:28 AM
andtckrtoo's Avatar
Cathlete
andtckrtoo's Profile Fields
 
Join Date: Jun 2005
Posts: 6,751
Blog Entries: 3
Send a message via Yahoo to andtckrtoo
Default

Good Morning Cheetahs!

Karen – Sounds like a fun idea you are doing with the girls! Yes, I think picking the name out of a hat would avoid a lot of hurt feelings. We’ll see what happens with my company. At this point, it’s just rumor and we had a good quarter, so I’m not worried.

Jackie – I think us early morning exercisers are the same – rotations mean that it’s a no brainer in the AM. I feel bad for the people who have to go back to work. It’s tough. I’m still a few years out from retiring, but I do hope things stabilize!! That’s one of the reasons we bought the condo – we’re trying to diversify a bit.

Gloria – No, I’m not in any danger of lay offs at this point, but we do have rumors – you know how those go! Leaner legs is not nice.

Thomasina – Smokey remains in my thoughts!! Poor horsey! I think I’m going to become the permanent cheer squad for the Cheetahs!

Cathy – glad you enjoyed that clip. I love the Muppets. I liked that line, too!! Too funny. Rest yourself so that you don’t get sick this close to the marathon! *Sends anti-sickness vibes to Cathy*

Wendy – Oh man, I’m sorry the knee is hurting! How frustrating. I think you’ll go through a bunch of different emotions as the full marathon approaches. You’re wise to let the idea simmer for a while. But I know what you mean about training!

Shelly – OMG! You sitting in front of a computer screen? That would be torture! Great workouts as usual! That’s funny that you’re thinking of renting the house – I was thinking that might be an alternative. Two mortgages are never fun! Yes, I managed to survive the hectic day – today is not much better. But oh well. That’s my life!

Wow, am I sore! My goodness! I guess I’ve been neglecting weights way too long! Time to make sure that does not happen again! I’m going to do parts of “Have Mercy” today. Probably a little over an hour. I think the spinning will feel good on my poor ole legs! Today we sign the loan papers for the condo over lunch, then we have a dinner at DH’s work. He’s been with this company for 10 years, and so they invite everyone who has hit that mark to come and dine with the CEO. Reading the email sent out regarding this dinner was like reading instructions for meeting a head of state in an event open to the mere common folks. “You will have an opportunity for group photos with said CEO. After the event you will receive an email with photos, and you will be allowed to chose 2 complimentary 5X7 Photographs.” I mean really! Amazing…

I have to share this – only in the Bay Area – there’s a town outside of San Francisco called Martinez that has a beaver problem. The city considers beavers a nuisance as they tend to build dams, dig under retaining walls and buildings and basically threaten to flood everything and threaten the structural integrity of buildings (a restaurant in particular). But, this being the Bay Area where the down trodden are welcome with open arms, the residents of Martinez have formed a coalition called “Give a Dam”. Now the big news is that “Give a Dam” is trying to get these beavers to move up stream themselves with a device called the Beaver Deceiver. No one is quite sure what this device is or how it works, but the city of Martinez is willing to give it a shot. I cannot believe this is news… Too funny… Have a great day all!
__________________
Christine
Cheeky Cycling Cheetah
Wag More, Bark Less
Reply With Quote
  #6  
Old 10-01-2008, 07:42 AM
Mckmain's Avatar
Cathlete
Mckmain's Profile Fields
 
Join Date: Sep 2003
Posts: 8,296
Default

Good morning cheetahs

Cathy..sorry about the "not so fun" run yesterday and LMAO about swallowing those gnats. I always think protein like Christine!! Cool about the deer. That is crappy about the wrong number waking you up!! I did not do great with eating yesterday, had a few too many reduced fat Triscuits!! Do you have some Airborne for the sniffles? Now is sure a better time for a cold than in 10 days!!

Wendy...so sorry about the knee. Have you tried icing the area any? 15-20 mins at a time. It might be a good idea to rethink the full mary if you are tired of training for the 18. I know many good runners that don't ever race/train further than a HM, as they just do not like distance. Since April I lost 21 lbs. I am back at 120, which is where I know I run better. This time when I gained I was up about 5 more lbs from my alltime high of 136. Yes I posted about the MGD Light (64) a few weeks ago, it is my fav beer now too! And I did have one Monday night...

Gloria...John is my nephew. You were not posting when he had his accident. Over 2 years ago he had a freak/slow motorcycle accident and is paralyzed from the waist down. He has has a problem with a bed sore, so he needed this surgery to correct that. Way to go with BC. Enjoy your 5 mile run today.

Shelly...Thanks re: my weight goal. It sure was nice to get that weight off! I am sure there will be some Chicago pics. I had brain fade as I knew LV was big but I did not remember how many started!! Enjoy your 6 miles and KPC/L&G circuit.

Christine...I like Meaner legs myself, it is a tough workout. I can imagine stairs after that workout could be hard. Good workout yesterday. Congrats on getting the tickets. Hope those Pats run havoc over the Whiners!! BTW, loved the "jogging" video..very cute. So you have some lower body DOMS?. I bet the spinning will help the legs. I hope you and DH will get a lovely 5x7 with the CEO! Too funny...and the Beaver Deciever story was great!!

Posh...Hope you get some news about Smokey soon. I would love to see you and Cathy at Napa. We will have a great time...

Linda...I am so happy your TM was behaving yesterday!! I would still contact the Company and tell them too. Lol about you stalking my workouts!.....I had not done BM2 in a long time so it was fun.

Jackie...Thanks re : my weight goal.....Our temps are really supposed to drop with the rain coming. Watering can be boring, but if you get in a drip/sprinkler system it makes things lots easier! Good job with iTread and the 4DS workout.

Karen...I think you will have a great time with all those people in your 1st HM!! It is amazing the people you meet.

Judy...good luck building up your base miles. How much more will you be running?

Today is upper body (PUB I think) and a 5 mile run.

Have a great day...
__________________
Carole


Reply With Quote
  #7  
Old 10-01-2008, 08:14 AM
Fit_mommy's Avatar
DeCathelete
 
Join Date: Jun 2005
Posts: 26,855
Blog Entries: 7
Default

I'm back from dropping DS off at school. I have my hot Dunkin' coffee sitting in front of me and I don't have to go to work today. Life is good.
*****

Shelly: Thanks. You are always such a bright spot no matter what. You are right though...we will have a blast in LBI and I have a feeling that it will leave me wanting to conquer the 26.2 no matter how much I may think otherwise right now. Heck, I had my doubts about ever making to the half distance and then after my first half a full mary was definately out of the question!!! LOL

Carole: 20 pounds is a fantastic accomplishment! So you posted about MGD 64 already? Not surprised. My brain is like a seive. Enjoy your weights and run today. I can certainly see why some wouldn't want to go past the half distance. I really want to WANT to do a full mary. I think it would be an awesome accomplishment but again, I won't force it. I'll play it by ear and see how I feel once the 18 miler is complete. I haven't tried icing my knee simply cause I know I won't wanna sit there long enough to do it! That's no excuse, I know but that's why. I guess I need to just do it and stop complaining, ey?

Christine: Beaver Deceiver? LMAO! Where do people come up with this stuff!? Yes, this sudden knee issue is VERY frustrating and perhaps part of why I am re-thinking the full mary. I really need to just get through the 18 miler and see how I feel. I think I'm just feeling sorry for myself right now and once that passes I'll have a better outlook. Who knows...time will tell. Boy your DH's company's CEO has a pretty big head, huh? How ridiculous. I'm surprised he isn't makin' ya PAY for the pics with him! Jeesh! Well, I hope the food is good atleast!

*****
So for the past couple of days I haven't had any regular coffee in the house. Only decaf so I've been drinking 2 cups of decaf when I wake up in the morning and then getting a leaded Dunkin' coffee when I drop DS at school. Usually I make my 2 cups in the morning with half leaded and half unleaded and then get decaf at Dunkin. I've noticed the past couple of days I have been quite cantankerous in the morning. Just in an all around crappy mood. This is unusual for me as I love my mornings especially on the new school/work schedule! I am wondering if my body is missing the caffeine first thing and it is affecting my mood? Anything is possible I guess. Caffeine is a nasty addiction. I wouldn't put it in the same category as nicotine but if I ever tried to get off of it completely, I gaurantee you I'd have a bit o' hell to pay! I already know that if I don't get that one cup of caffeinated coffee by a certain time, I am prone to monster headaches so it's safe to say I'd be quite miserable if I tried to cut it out completely!

Oh well, I guess I'd better get my butt in gear....I have some errands to run today and I have to pick a weight work out to do.

BBL!
__________________
STS 5.5 Month Rotation Graduate: 1/2/11-7/10/11

Wendy

Last edited by Fit_mommy; 10-01-2008 at 08:42 AM..
Reply With Quote
  #8  
Old 10-01-2008, 08:59 AM
Me2's Avatar
Me2 Me2 is offline
Cathlete
Me2's Profile Fields
 
Join Date: Dec 1999
Posts: 1,185
Send a message via AIM to Me2
Default

Good morning!

The “Sole man” called yesterday. He e-mailed me some instructions to re-calibrate the TM and told me to lubricate it and to always lube it every three months. So, I ordered a tube of lube. Hmmm….that has a nice ring to it So, I recalibrated it. As soon as I get the lubricant, I will do that. It did just fine this morning, too. Thank goodness!

Gloria – Enjoy your 5 mile run! LOL…it will be quite a while before were get to retired to Montana. I would say around 8 or 9 years! I would love to go now…..when we are young enough to really be able to enjoy it!

Cathy – I am sorry your run was not so good yesterday! Yuck, yuck about swallowing the gnats! I’ll bet you were furious at the phone call…that wasn’t even for you! I hope you feel better, soon! I have always heard that marathon training lowers your immune system for a brief period and a lot of runners develop colds, etc. Hope you feel better soon! I hate to feel run down! LOL about you “not being like Carole!”. Yes you are! She has some “recovery time” now and then, too!  Hope the Achilles and hamstrings are good today!

Wendy – I am sorry about your knee acting up again! Hang in there and don’t totally give up the idea of the full. I have definitely felt like you are describing, more that once over the past several months! You can take some recovery time and take it slowly and see how you feel and think, so time goes on. But, most importantly….listen to you body and your own mind. But you are one strong Cheetah! You can do it! I agree, it does take up so much time….something we don’t always have!! Hmmm....maybe you cutting out the caffeine is making you feel a tad tired lately. When I had my dr's appt last week, I didn't get my coffee until around 11:00. My head was splitting and I felt horrible and sluggish!

Shelly – Sorry you were chained to the computer screen yesterday! Great job with the ABC and EXT! Yes, the TM was too “new” to be messing up! Hopefully, it will be okay, now! My marathon is November 2! I am getting so excited (but still nervous!). Which races are you doing, besides the 18 miler with Wendy?

Christine – Wow! They sure made that dinner sound like some serious business!  That will be nice! Oh my gosh! I heard that about the Beavers, but I thought it was just a “joke” going around! I have been seeing the pics posted of the beaver dams and them describing exactly what you just said. It is amazing how something as “innocent” and “natural” as beavers and beaver dams can wreak such havoc!

Carole – Enjoy your PUB and run! Yes, I am definitely going to keep on top of the customer service and treadmill issue! Hopefully, what he suggested will be all I need to do! By the way….what is the temperature and weather like in Napa Valley at the first of March. I was there the end of January/1st of February a couple of years ago (just a couple of weeks after my dad passed away…so I don’t really remember a lot). Would March be cool….hot….?? My friend wants us to do the San Diego marathon in June. I would think that would really be hot? Sorry for all the questions.

Judy – I am glad your foot is doing so well! Good luck with building your distance!!

Karen – Wow! It is nuts how anyone would even think of that …to sign up for the marathon …to run the half! I could understand why they would be disqualified!

Jackie – My favorite Firms were Vol. 1-3! I loved the floorwork!

Posh – I am sure you are nowhere near as slow as me! I am running my first marathon knowing that it will be a blessing if I just finish! I would really, really like to do Napa, too. If I do okay with this one in a month, I may do it, too. I wonder if that will be time enough in between marathons for me (seeing that Nov. is my first one). Hope your horse is doing okay!

This morning was a 7 mile run and Jules Benson Pilates (not the abs…just the leg series).

Hey to everyone!

Linda
Reply With Quote
  #9  
Old 10-01-2008, 09:09 AM
jamarba's Avatar
Cathlete
 
Join Date: Sep 2005
Posts: 1,162
Default

Good morning Cheetahs!

Gloria - Good to be compensated some for the extra work you have to do after school. Hope you had a good run today.

Posh - Gosh Posh, hope you hear something soon about your horse.

Cathy - Sorry your sleep was interrupted. Hate those wrong numbers! Sure hope you're not coming down with something. Good idea to do what workouts you can.

Wendy - Sorry the knee is bothering you again. Bet you're burned out on all the running. It's hard to find motivation to get out for that run. I'm sure after your race you'll know for sure. It took some time for me after my series last year. See your dilemna about the shoes.

Shelly - I sit in front of a computer all day long. Imagine it's hard for you if you're not use to it. You did have some horrible paint colors in your new house! Bright green could give you nightmares. Glad you can rest a little now. No new do for me. When the hairdresser does it, she puts some curls in it. It will last a few days until I get a good run in and then it's back to straight or a ponytail. Enjoy your nap and have a good night at work.

Christine - Glad you feel good about your job security. This country usually bounces back after a crisis and I'm sure we will this time. It may take a little more time this go round. Good luck with the closing for the condo. Know you'll be glad to get that over. Congratulations to DH for 10 years on the job!!! Funny about the beaver.

Carole - I notice the more mileage I do, I have a tendency to gain a few pounds. When I start with the weights again, it usually gets back down. This time I'm noticing my BF% fluctuating all over the place. One day I plan on installing a sprinkler system. Just couldn't fit it into the building budget. Enjoy your UB workout and your run.

Today's workout was 4DS Legs & Abs.

Phone's ringing off the hook and interfering with my concentration. Will talk to you later.
Reply With Quote
  #10  
Old 10-01-2008, 09:48 AM
trooper15's Avatar
Cathlete
trooper15's Profile Fields
 
Join Date: Aug 2005
Posts: 1,494
Default

Hi Cheetahs! Well, I was about to go outside and the drops started coming down so being the wet weather pansy cheetah I am I opted for my comfy basement and the TM. Did get in a good 6 miles tho.

A little off topic from running and fitness. I know alot of us are kind of consumed and worried about the current financial crisis. I asked my father his opinion about it since he is without a doubt the wisest man in the world! I was especially distressed because DH and I are squarely caught up in it paying two mortgages now with little prospect of it changing soon. Anyway, his words helped clarify things some and made me feel a tad better so I thought I would pass them on.

"We do favor the bailout by the US Government. Here are a few observations on the situation. The idea is to get the credit markets moving again, not bail out the banks and investment companies.. The sub prime mortgages were bundled with other more conventional mortgages and then sold as investments titled Collateral Debt Obligations (CDOs). These held up as long as the home prices raised annually 5-10% (The critical false assumption). Then overbuilding and investors "flipping" houses for short term profits and then bailing out brought prices down. Soon houses with bad mortgages started being dumped on the market.

Banks are required to have 10% capital on hand to cover their loan balances. Those with heavy investments in CDOs now found them valueless because they couldn't be sold. The CDOs on their books then had to be written down to zero, so the banks lost the backup capital to make future loans. In point of fact, most of the mortgages in the CDOs are still being paid by the owners just as you, and we and many others will continue to do. The bailout idea was to buy the CDOs as a US investment, restoring the Asset values in the Bank's Balance Sheets and allowing them to make loans again.

The US would then break up the CDOs, sell the good mortgages and gradually fix up and sell off the foreclosed properties. Thus the losses on the portion of the $700 trillion bailout (Whew!) representing bad mortgages might be reduced to zero over time, or even upgraded to a profit. In the meantime, the US must sell government bonds to cover the bailout. Many of these bonds are usually bought by foreign investors, including foreign countries.

At the same time the US has encouraged large banks and investment companies with good balances to buy up the failing banks and investment companies: Countrywide, Indy Mac,Washington Mutual and finally Lehman Brothers have been bought out or bankrupted. Their buyers will handle the CDOs and any bad mortgages in the same way, selling them off gradually to avoid overloading the housing market even more than it is. Now Congress, both Republicans and Democrats must get off their butts, compromise somehow and act to revitalize our credit markets. The whole world is holding its breath! It is truly said that in economic matters, the whole world catches a cold when the US sneezes.

Hope this short summary helps to clarify the situation for you and Jerry.

Love, Dad "

Hope this may help some with those of you as perplexed and upset as I am
__________________
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:48 PM.


Copyright ©1997-2013 Cathe dot Com