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Shadrach

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Everything posted by Shadrach

  1. Quote: JaredDavis The pilot of this plane was OK. One of the articles states they tried the main door then broke a weakened plexiglass window to pull the pilot out. I don't think a baggage door exit would have made a difference on this accident. http://www.kathrynsreport.com/2011/10/mooney-m20-aircraft-on-takeoff-crashes.html Has anyone kicked out a window on a Mooney?
  2. What's your location? Are you crossing The Rockies on these 900nm trips? I don't keep oxygen on board as a matter of practice. I am perfectly comfortable cruising between 4,500 and 12,500 for normal operations. Normally aspirated Mooneys seem to be in their sweet spot between 7,500 and 11,500. Even at MGW climb rates are good enough to make 12,500 to 15'500 very usable in a 200hp machine and they will go higher. The problem is having the performance to counter mother-nature at those altitudes. In The Rockies, down drafts can exceed the climb rate of a turbo twin at times; an NA mooney really struggle in that type of situation.
  3. I aim to please! I think that the P/N I listed will likely work for all models.
  4. What type Mooney? For a J model the P/N is 610202-003. The vintage do not show a gasket in the IPC, but could likely be cut from cork gasket sheet.
  5. That's odd, My a1a is timed to 25 BTDC. I think that I would need to be flying rather slowly to see CHTs in that range at that power setting. That being said, I almost never run 2400 rpm so I don't know. It would be nice to have the data regarding cooling air flow and to know where the inlet air temp is being measured.
  6. Byron, the page went wonky but here's my response! The CRA does not have specific mandates in fact they seem to be vague by design (giving more latitude to the regulators). The CRA is enforced by allowing or disallowing banks to build branches, merge and in general physically expand in anyway. It could also in more extreme cases force a bank to cease doing business in existing markets. From wiki -The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.) To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.)[6] Wells was expanding while I was there and CRA credits were extremely important to management because while the banks current business plan and future plans for expansion were driven by the market, the banks ability to fulfill those plans was based on bureaucratic approval by the CRA. CRA and the Home Mortgage Disclosure Act allowed community groups to influence annual bank reviews. ACORN was huge into shaking down banks at review; unfortunately the money often went everywhere else first and to the community last. I think you have it back words with regards to Wells not originating the loans. Wells Fargo and others likely did originate the loans (AFAIK neither Fannie nor Freddie originates loans) which were submitted through Fannie's web based Automated Underwriting System (AUS) system. So what you had was: A Wells Fargo mortgage specialist sitting with a customer feeding the customers info into Fannie's underwriting system. The system decisioned the loan and then Wells goes would through the origination process and close the loan. I believe that Wells also funded the loan initially until it was "sold" to Fannie where it was then repackaged with others into a Mortgage backed securities (MBS). My take on country wide is that they became an opportunistic parasite that took advantage of everything they could, using political connections and bribes to gain special treatment from the fed as well as Fannie Mae, which was the biggest buyer of there mortgages for the secondary market. I don't believe these were AUS loans like I described with Wells, but loans underwritten by Countrywide. Fannie was not supposed to be involved in subprime lending, but the cozy relationship between the 2 entities resulted in them buying paper that was of the lowest quality, without calling it that. At one point Fannie was purchasing 28% of its annual portfolio from Countrywide. Countrywide was the biggest supplier of loans to Fannie during the mania; in 2004, it sold 26 percent of the loans Fannie bought. Mr. Mozilo had built a $200 billion corporation from scratch and amassed great wealth and beautiful homes along the way.In 2004, the same year when interest rates hit rock bottom and Alan Greenspan extolled the virtues of the adjustable-rate mortgage, Countrywide, after almost three decades of trying, became the nation's largest home mortgage originator. In that year alone, the company generated $8.6 billion in revenue, more than twice the amount it racked up just two years earlier. The list of individuals (Friends of Angelo) who received "VIP" deals from Countrywide is populated by many that would make the who’s who list of democratic politicians, staff and operatives. So my quick synopsis of Countrywide is that it’s top level Execs and members of congress as well as executives holding high positions at Fannie Mae strived to enrich themselves at the expense of both the tax payer (Fannie has privatized profits but socialized losses) and the very people that they vowed to “lift up”... While they may have believed the rhetoric they were shoveling, that does not change the contents of the matter on the end of the spade. While I have not read "The Big Short", I am familiar with the "Harvard Hottie's" thesis that inspired the book. I do not take issue with her shot's at Wall Street. It is an imperfect place, and certainly greed can affect institutional and individual behavior. The thing is, I don't have to get a sub-prime loan, I don't have to take out a mortgage I cant afford and I don't have to invest in the companies that do that sort of thing. However, I do have to see my taxes go to disfunctional institions like fannie and Freddie, I do have to see Congress throw good money (my tax dollars) after bad to bail out some of these douche bags. These markets were heavily influenced by Government interaction and when the law of unintended consequences came a knocking then we do more of the same in order to keep those that are "too big to fail" afloat, but no one seems to be able to see beyond their nose. The banks used to actually hold their own mortgages. Freddie was put in place back in 1970 to "free up cash" so that banks make more loans by selling their mortgages to a GSE... This was the start of the "transactional" mortgage market... On a more personal note, when I lived in North Beach (SF), I spent many hours in the City Lights Bookstore browsing through Motherjones, The Nation, Adbusters, et al... I think there is intesting information to be taken from these periodicals whether you agree with thier politics or not (I do not). However, sighting any of them as a credible source of news is "a reach" at best. I realize that I included one link to the National Review (not nearly as biased as MJ in my opinion) above, but it was the only non-membeship required link I could find about Acorns use of CRA (admittedly I did not spend much time looking). Forgive me....
  7. Quote: sreid Do any of you guys actually have a 'bleed valve' at the T fitting? My 67 F has a standard AN 929 cap, which is what the parts catalog specifies. I'm getting ready to bleed the flaps after flushing the hydraulic system during the annual this year (fluid was getting old and did some brake work). Wanted to make sure the best way to bleed the flaps is to use this procedure and bleed through the T fitting with the cap removed. Is it a pretty straightforward procedure? Thanks. Steve
  8. Quote: allsmiles People with your attitude scare me! You sound like the jack of all trades and master of none! Perhaps you feel that you supervised by your A&P can strip and seal your tanks. I on the other hand prefer to leave things such as this to the professionals. Their knowledge and expertise is alot deeper and broader than mine! My time is better spent on what I do best! What's the discussion here? Strip and seal your tanks by a professional specializing in this type of work and you are set for a long long time. Also I don't believe for a minute that landings cause the tanks to leak. Leaking imo is precipitated primarily by frequently allowing the seal to dry out when tanks are not filled. Also by parking out in the sun and allowing the flat wing surface to get very hot. Proper care by filling tanks frequently and avoiding temperature extremes goes a long way in preventing leaks. Also filling tanks minimizes condensation or water in the fuel. It all goes back to applying proper preventive maintenance.
  9. Quote: gregwatts I agree that "patching" is a waste of time. I do think you should reconsider bladders.....they are not trouble free. Wilmar in MN or Wetwingologist in Ft Laud or any MSC can do a strip/reseal for about the same as what the bladders will cost installed. My opinion only!
  10. Quote: Becca Used to go there when I lived at in Atlanta. Jealous. There was a place with crab claws, I can't remember the name.. I was going to go practice landings this morning (its been a while since the purpose of my flight was practice), but ceiling was 1300'. Tomorrow is pre-air race plane wash day Monday my partner and I are taking two coworkers here (they send a car to pick you up at the airport): http://www.heritage-village.org/pickett-house.htm
  11. Quote: rbridges any problems with wind? I'm in central GA and we're forecasted for gusts up to 30.
  12. Quote: Becca True, but there's more to the story. The truth is that it created a market for bad loans (bundled mortgage securities) because they seemed to be performing. As it turned out, these folks were robbing their HELOCs to pay their mortgages. When the Ponzi-esque behavior reached the end, the mortgage security market came to a halt and any institution with mortgages on it's books could no longer sell them. This led to banks not meeting their cash reserves required by the Fed, it also led to insolvency, which led to Fed bank takeovers, which led to runs on banks, which led to a complete and first class CF...
  13. Just landed in St Simons Island GA this afternoon. KFDK to KSSI, 533nm in 3:20, under 40 gals burned. Perfect day!
  14. Quote: KSMooniac Yep, a very silly statement. If it were a truly free market, the sub-prime mess would have never had happened. The gov't mandated (and backed) bad loans were the root of the problem. More social engineering with vast collateral damage.
  15. Quote: rbridges yeah, the private sector did a fine job with the housing market and mortgages.
  16. Quote: N1026F New to posting here--tried on the iPad and couldn't do it. Love the site otherwise. Mahalo! Mooniac58! Without the specific intent of starting a firestorm, I have to point out that a number of posts on this thread seem to be the product of confirmational bias. This is the opposite of an analytical mind and the antithesis of an organization that would seem to be very anytical by nature; our planes don't stay in the air because we will them to do so. As the first member of a minority political party, I understand that one must believe in something. I believe in things that work and will listen to concepts and political dogma only if they work as well, and will politely pummel and then ignore an opinion that shows up to the field of battle of wits unnarmed. My party is the RPM Party: "Radically Pragmatic Moderates" Whose with me??!! Dan'l '04 Ovation2 Baylor JD '94
  17. Quote: Bnicolette Is there a restaurant on the field at HGR? Anybody up for a Saturday morning flight and a donut? Couldn't ask for nicer weather.
  18. Quote: N6719N Interesting... the aircraft I almost landed off airport was a variant of the Piper Cherokee Six (Saratoga). Coincidence??? Maybe. And previous to this experience, I had thousands of hours flight time, and plenty of experience running tanks dry in other GA type aircraft with never a problem. From all of the posts, it appears Mooneys behave nicely when you run a tank dry... good news if I ever need to do it. But back to my original point for a moment, you may be comfortable running tanks dry, but I still would advise caution when doing so in another make or model. All aircraft systems are not the same, and some may have a surprise lurking. Be careful out there.
  19. Quote: N4352H I used to be based HGR. It has the most "lived-in" and usually "active" pilot's lounge anywhere. Is it still there?
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