Mortgage Rate at 4%.. Wow!

I have received annual noticed that my Mortgage rate on one of my houses in Michigan is about to adjust on April 1st.  The new rate will be 4% down from 6% the prior year.  Dam!!!  

I purchased his house over 10 years ago and got an adjustable rate mortgage.  Some might cause me crazy but it has adjusted ever year from as high as 9% to now a low of 4%..  It basically adjusts with the economy or more specifically the 1-year treasure bill.  

As the economy does well so do rates push up.. As the economy does poorly the rates get pushed down.  I guess one good thing about this bad economy is that my Mortgage rates stay low... This is good for me because I have 2 more houses in Michigan with adjustable rates on them...

Pushin into my nuts?

March is starting out very solid for Poker. I spend the first week of March at my home town in Flint, Michigan.. I played at my normal place and broke the $1000 mark in the first week. Last night, I was back in Austin and played at my normal Friday night game. I should have quit after an hour of playing. I was really tired and after a long day in Dallas for work.. I hit a set of nines and took out pocket kings and AQ after the flop was Q94. The pocket kings was all-in with only $45 left. The AQ guy called $45 and I pushed all-in $150. Surprisingly, the AQ guy folded to my re-raise, "Good lay down!..." This pushed my stack to a little over $300 and I was only 1 hour into the game. I proceeded to donk off most the the winnings I got down to $150. Then, I chased a nut flushed and hit on the river. A guy in front of me pushed all-in, into my nuts. I called and was back up over $300. I decided to quit a few minutes later for a net profit of $100 for the night.

Current Stats

The Real Rason for the Financial Crisis....

Watch this video on C-SPAN.. It is Congressional hearing on Mark-to-Market accounting rule. The real reason behind the current financial crisis.

After watching this I feel good that Congress will act. They told the chairman of the Financial Accounting Standards Board, FASB, that they should relax the rules on "Fair Value" or Congress will. The chairman of FASB, said that he would issue more guidelines within 3 weeks.

It was a heated debate and Congress on both sides were unified in there opinion that Fair Value accounting or Mark-to-Market accounting needed to be altered in some matter during this crisis. Finally we are moving to the root cause of the issue. It took them some time to get it, but we should all feel good about our future now.

Another huge night at the Palace!

I just return back to my hotel after another huge night at Palace Poker, in Flint Michigan.  I turn a set of Aces while another guy had 2 pair and a third guy had a pair and a flush draw.   The pot was over $850 and both players had me covered.  I had about $275 in front of me at the time and more then tripled up!  I ended up cashing $872 for the night after a buy-in of $200.  It was one of my best night ever.  As I look back at my stats, I did well here exactly one year ago also!

It was nice that my Aces finally held up.  I did have Aces earlier in the night, but no one called.  I had to fold pocket Aces last Sunday after two tens flopped with 7 pre-flop callers.  The time before that, my Aces were cracked when a guy hit his set of Kings on the flop to crack my Aces.

In this hand I actually wasn't to far ahead on the flop.  The guy with J9 suited had top pair with a flush draw.  He had about a 47% chance of winning..  A virtual coin flip...  On the river, he did hit a nine to make two pair.  Normally this would be enough to beat most players, but luckily I hit my set to get paid off...

Current Stats.

I take down the Maniac and folding pocket Aces.

I am back from another nice session of Poker at my favorite place in Michigan. I cashed out $670 after buying in for $200. I was patience and took down a Maniac bar tender after waiting for 6hrs. I flopped a set of fours and rivered a boat. He turned top two pair and was behind all the way. Like most bad players, he cant fold 2 pair and paid me off after I over bet the river.  

What really amazes me is how most people can't fold 2-pair.  Most of my double ups is when someone hits 2-pair or top pair with top kicker and I have a set or better.  I think this is what makes me successful.  My standard for calling a big bet is bigger then most people.  Most people just play their hand and if it is top 2 pair, they are not folding, even if the board shows a potential straight, 3 of a kind and full-house.

Earlier in the session I had to fold pocket Aces.  It really wasn't a hard fold, but I am proud I was able to make it.  This is how the hand played out.  I am sitting in the small blind.  A straddle bet is on for $4 to play.  A couple callers, then another guy re-raises to $6 and then a third guy raises it to $8 which caps the betting.  At this place their is a max of 3 raises and the straddle bet counts as one raise.  After six callers it comes to me and I have Aces!  Normally, I would raise it big, but now I am trapped with already 3 raises in front of me.  I am forced to just call and everyone else calls.  There are 7 people in the hand...

The flop comes 10 10 4.  I am first to act and check my pocket Aces.  The straddler bets out $10,  a couple of folds and another guy re-raises to $20.  I figure one of them has a ten, but the pot is $86 and it only costs me $20 to see another card.  So I smooth call the $20.  The original better re-rasies to $50 and the other rasier pushes all in.  I am forced to fold and show my neighbor my pocket Aces.  The other guy calls.  The straddler had J 10 and the other guy had A 10.  The turn is a Jack and the straddler fills up and takes it down..  sick... The worst hand won...  To bad their wasnt an Ace on the turn or river.  That would have been evern sicker.. The "rounders hand"..

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