pinblaster
Member
There will be a debate on tv tonight between Pipkin & Mulkulski . For those of you who want to see it , watch MPT (Maryland Public Television) at 7:00 PM .
Attention Marylanders : Pipkin/Mulkulski Debate Tonight
- Thread starter pinblaster
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pinblaster
Member
Channel 22 , if I'm not mistaken .
Girlwithagun
Member
I just got back from sign waving there. Starting at 5, the Pipkin supporters started showing up and there was no one there for Mikulski. When Mr. Pipkin arrived, he came down into the parking lot and talked to my kids for a little while. A guy was taping it but I'm not sure if it will be on TV. My kids kind of clammed up and wouldn't say "Team Pipkin!" like they had been just about all night.
Waiting for the debate to come on now...
Waiting for the debate to come on now...
nico
Member
didn't you know? The Second Ammendment only gives states the right to have militias
btw, since she brought it up, just because the unions that they're forced to join give their money to her does not mean that all of "the teachers" support mikulski.
btw, since she brought it up, just because the unions that they're forced to join give their money to her does not mean that all of "the teachers" support mikulski.
pinblaster
Member
I didn't hear anything concerning the 2A . Pipkin says he supports the 2A rights . Mulkulski was dishing out the SOS , scare the seniors and the working class (I'm part of the working class myself , but I know BS when I hear it) . I will vote for Pipkin and give him a chance to sink or swim .
I watched the entire debate. No gun mention, but Pipkin is a 2A supporter and Mikulski is a definite anti. Our daughter has a disability and my wife supports Mikulski as a result of that and some other things. After watching the debate, she said she may change her mind. She did vote for Ehrlich and Bush and will do so in the upcoming elections.
Since I'm predjudiced I thought he won, but her opinion convinced me that I was right. Not that that was hard to do. The debate was more interesting than the presidential debates. They both danced around some questions and Babs gave a lot of 'cookie cutter' answers, but all in all they said more than either Bush or kerry.
Go W and Pipkin!
(edited to add)
Thanks for getting up there GWAG.
Since I'm predjudiced I thought he won, but her opinion convinced me that I was right. Not that that was hard to do. The debate was more interesting than the presidential debates. They both danced around some questions and Babs gave a lot of 'cookie cutter' answers, but all in all they said more than either Bush or kerry.
Go W and Pipkin!
(edited to add)
Thanks for getting up there GWAG.
nico
Member
I noticed that too. Although it was incredibly ironic that every time Pipkin criticized a position of mikulski's she whined about how he was just attacking her, yet the only ads I've heard from her make no mention of the issues, and all they really say is that Pipkin is bad because he made his money off of junk bonds.
btw, if it isn't too much of a hijack, would someone mind explaining what exactly a junk bond is to a curious layman?
nico - I noticed the attack thing also.
A layman's definition of a junk bond is higher return and higher risk. You can make a lot or lose a lot.
Here's a more detailed explanation:
A high yield, or "junk", bond is a bond issued by a company that is considered to be a higher credit risk. The credit rating of a high yield bond is considered "speculative" grade or below "investment grade". This means that the chance of default with high yield bonds is higher than for other bonds. Their higher credit risk means that "junk" bond yields are higher than bonds of better credit quality. Studies have demonstrated that portfolios of high yield bonds have higher returns than other bond portfolios, suggesting that the higher yields more than compensate for their additional default risk.
High yield or "junk" bonds get their name from their characteristics. As credit ratings were developed for bonds, the credit rating agencies created a grading system to reflect the relative credit quality of bond issuers. The highest quality bonds are "AAA" and the credit scale descends to "C", and finally to the "D" or default category. Bonds considered to have an acceptable risk of default are "investment grade" and encompass "BBB" bonds and higher. Bonds "BB" and lower are called "speculative grade" and have a higher risk of default.
Rule makers soon began to use this demarcation to establish investment policies for financial institutions, and government regulation has adopted these standards. Since most investors were restricted to investment grade bonds, speculative grade bonds soon developed negative connotations and were not widely held in investment portfolios. Mainstream investors and investment dealers did not deal in these bonds. They soon became known as "junk" since few people would accept the risk of owning them.
Before the 1980s, most junk bonds resulted from a decline in credit quality of former investment grade issuers. This was a result of a major change in business conditions, or the assumption of too much financial risk by the issuer. These issues were known as "fallen angels".
The advent of modern portfolio theory meant that financial researchers soon began to observe that the "risk-adjusted" returns for portfolios of junk bonds were quite high. This meant that the credit risk of these bonds was more than compensated for by their higher yields, suggesting that the actual credit losses were exceeded by the higher interest payments
Underwriters being creative and profit-oriented, soon began to issue new bonds for issuers that were less than investment grade. This led to the Drexel-Burnham saga, where Michael Millken led a major investment charge into junk bonds in the late 1980s, which ended with a scandal and the collapse of many lower rated issuers. Despite this, the variety and number of high yield issues recovered in the 1990s and is currently thriving. Many mutual funds have been established that invest exclusively in high yield bonds, which have continued to have high risk-adjusted returns.
High yield bond investment relies on credit analysis. Credit analysis is very similar to equity analysis in that it concentrates on issuer fundamentals, and a "bottom-up" process. It is concentrated on the "downside" risk of default and the individual characteristics of issuers. Portfolios of high yield bonds are diversified by industry group, and issue type. Due to the high minimum size of bond trades and the specialist credit knowledge required, most individual investors are best advised to invest through high yield mutual funds.
A layman's definition of a junk bond is higher return and higher risk. You can make a lot or lose a lot.
Here's a more detailed explanation:
A high yield, or "junk", bond is a bond issued by a company that is considered to be a higher credit risk. The credit rating of a high yield bond is considered "speculative" grade or below "investment grade". This means that the chance of default with high yield bonds is higher than for other bonds. Their higher credit risk means that "junk" bond yields are higher than bonds of better credit quality. Studies have demonstrated that portfolios of high yield bonds have higher returns than other bond portfolios, suggesting that the higher yields more than compensate for their additional default risk.
High yield or "junk" bonds get their name from their characteristics. As credit ratings were developed for bonds, the credit rating agencies created a grading system to reflect the relative credit quality of bond issuers. The highest quality bonds are "AAA" and the credit scale descends to "C", and finally to the "D" or default category. Bonds considered to have an acceptable risk of default are "investment grade" and encompass "BBB" bonds and higher. Bonds "BB" and lower are called "speculative grade" and have a higher risk of default.
Rule makers soon began to use this demarcation to establish investment policies for financial institutions, and government regulation has adopted these standards. Since most investors were restricted to investment grade bonds, speculative grade bonds soon developed negative connotations and were not widely held in investment portfolios. Mainstream investors and investment dealers did not deal in these bonds. They soon became known as "junk" since few people would accept the risk of owning them.
Before the 1980s, most junk bonds resulted from a decline in credit quality of former investment grade issuers. This was a result of a major change in business conditions, or the assumption of too much financial risk by the issuer. These issues were known as "fallen angels".
The advent of modern portfolio theory meant that financial researchers soon began to observe that the "risk-adjusted" returns for portfolios of junk bonds were quite high. This meant that the credit risk of these bonds was more than compensated for by their higher yields, suggesting that the actual credit losses were exceeded by the higher interest payments
Underwriters being creative and profit-oriented, soon began to issue new bonds for issuers that were less than investment grade. This led to the Drexel-Burnham saga, where Michael Millken led a major investment charge into junk bonds in the late 1980s, which ended with a scandal and the collapse of many lower rated issuers. Despite this, the variety and number of high yield issues recovered in the 1990s and is currently thriving. Many mutual funds have been established that invest exclusively in high yield bonds, which have continued to have high risk-adjusted returns.
High yield bond investment relies on credit analysis. Credit analysis is very similar to equity analysis in that it concentrates on issuer fundamentals, and a "bottom-up" process. It is concentrated on the "downside" risk of default and the individual characteristics of issuers. Portfolios of high yield bonds are diversified by industry group, and issue type. Due to the high minimum size of bond trades and the specialist credit knowledge required, most individual investors are best advised to invest through high yield mutual funds.
SB88LX
Member
So Pipkin made a little gamble with his own money and came out on top. What the hell does that have to do with anything? Barb and her "battalions" seem to have little to fight with.
"old painty can ned" - Homer Simpson (in failing to find faults in his neighbor Ned Flanders, takes an obscure fact (he had old paint cans in his garage) and tries to use it to put his neighbor down)
"old painty can ned" - Homer Simpson (in failing to find faults in his neighbor Ned Flanders, takes an obscure fact (he had old paint cans in his garage) and tries to use it to put his neighbor down)
nico
Member
that's what it sounds like to me too. The way she talks about it, you'd think investing in junk bonds is dishonest or otherwise illegitimate.
00-Guy
Member
I was wondering if anyone has found a transcript of the debate? I have checked MPT and they do not have one listed. I have also googled for it. Ideas?
Harry Tuttle
Member
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- Nov 14, 2003
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http://www.baltimoresun.com/news/elections/bal-md.debate18oct18,1,7626528.story
Full audio of Mikulski-Pipkin debate
(Courtesy Maryland Public Television)
Oct 18, 2004
http://www.baltimoresun.com/news/elections/bal-mpt-debate101804,1,2641084.realaudio
Full audio of Mikulski-Pipkin debate
(Courtesy Maryland Public Television)
Oct 18, 2004
http://www.baltimoresun.com/news/elections/bal-mpt-debate101804,1,2641084.realaudio
00-Guy
Member
Harry,
Thanks for the pointer! Alas, you must now register with the BS in order to get to the content! SIGH/////
Thanks for the pointer! Alas, you must now register with the BS in order to get to the content! SIGH/////
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