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Author Topic: U.S. financial institutions...  (Read 2015 times)

Offline Mr. Kennedy
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U.S. financial institutions...
« Reply #30 on: September 22, 2008, 01:48:02 PM »
Ron Paul predicted this years ago.

Our only solution is to go back to sound money.
\"In the last 12 months 100,000 private sector jobs have been lost and yet you\'ve created 30,000 public sector jobs. Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecidented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.\" - Daniel Hannan

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Offline JBean
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« Reply #31 on: September 24, 2008, 07:39:05 AM »
John McCon is going down so hard now... :applause:  Giga, you love pointing out any minor way that Obama is tied into this deregulation bullshit but you can\'t.  I mean, Phil Gramm was the architect behind rolling back the Glass-Stiegel act... oh shit, what\'s that you say!?  Gramm is McCain\'s economic advisor for his campaign and will probably be the treasury secretary if McCain wins?  

Hey Johnny, how\'s that deregulation thing going?  Dumbass....

Also, Gramm is Vice Chairman of UBS... a foreign Investment Bank that is getting bailed out with the rest of the U.S. Banks / Investment firms.  Gramm is also a lobbyist for UBS... wonder who did the lobbying to get UBS in on this bailout?  I sure as shit don\'t want my money going into bailing out a foreign bank that has scary close ties with the Republican Presidential candidate.

Spin your boy out of this one Giga :thumb:
« Last Edit: September 24, 2008, 07:44:30 AM by JBean »

Offline GigaShadow
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« Reply #32 on: September 24, 2008, 07:56:05 AM »
Quote from: JBean
John McCon is going down so hard now... :applause:  Giga, you love pointing out any minor way that Obama is tied into this deregulation bullshit but you can\'t.  I mean, Phil Gramm was the architect behind rolling back the Glass-Stiegel act... oh shit, what\'s that you say!?  Gramm is McCain\'s economic advisor for his campaign and will probably be the treasury secretary if McCain wins?  

Hey Johnny, how\'s that deregulation thing going?  Dumbass....

Also, Gramm is Vice Chairman of UBS... a foreign Investment Bank that is getting bailed out with the rest of the U.S. Banks / Investment firms.  Gramm is also a lobbyist for UBS... wonder who did the lobbying to get UBS in on this bailout?  I sure as shit don\'t want my money going into bailing out a foreign bank that has scary close ties with the Republican Presidential candidate.

Spin your boy out of this one Giga :thumb:


That is funny because 0bama has Franklin Raines as an advisor - ex CEO of Fannie Mae.  Also McCain loves to talk about opposing Regulation, but in all actuality he has been more for regulation than against it.

"Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn’t lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That’s not change, that’s what’s broken in Washington.

...

Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault and they aren’t going to take any action on this crisis until after the election. Senator Obama’s own advisers are saying that crisis will benefit him politically. My friends, that is the kind of me-first, country-second politics that are broken in Washington."

"Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, collected the most from the employees and PACs of both mortgage buyers at $133,900. Democrat Barack Obama collected the most from individuals associated with Fannie Mae at $101,150 and a total of $122,850 from both companies, putting him behind Dodd."

Obama\'s opponent in the presidential election, John McCain, has received only $21,300 from both since 1989 = Change you can count on.

Democrat Barack Obama collected the most from individuals associated with Fannie Mae at $101,150 and a total of $122,850 from both companies = Change you really can\'t count on.
\"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.\"  - Churchill
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Offline Coredweller
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« Reply #33 on: September 24, 2008, 09:16:09 AM »
Please provide a link when you quote text.
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Offline GigaShadow
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« Reply #34 on: September 24, 2008, 09:34:21 AM »
Quote from: Coredweller
Please provide a link when you quote text.


google it.
\"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.\"  - Churchill
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Offline Coredweller
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« Reply #35 on: September 24, 2008, 10:29:41 AM »
Why be a jackass about it?
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Offline GmanJoe

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« Reply #36 on: September 24, 2008, 10:58:11 AM »
Quote from: Coredweller
Why be a jackass about it?


Isn\'t that a mascot for dems?
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Offline Coredweller
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« Reply #37 on: September 24, 2008, 12:03:14 PM »
Giga is constantly complaining about biased sources whenever someone posts something here that he dislikes.  However, he\'s not willing to tell us the source of the text he posts, even though it would be incredibly easy to do so.  
 
I take it you agree with Giga\'s behavior, Gman?
 
I have a job, and I\'m contributing to the economy, so I don\'t have all kinds of time to google every scrap of text Giga posts.  I\'m just asking for the tiny courtesy of copying the URL at the same time you copy the text.
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Offline Mr. Kennedy
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« Reply #38 on: September 24, 2008, 12:06:15 PM »
Most of the media is actually biased towards liberals....
\"In the last 12 months 100,000 private sector jobs have been lost and yet you\'ve created 30,000 public sector jobs. Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecidented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.\" - Daniel Hannan

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Offline Coredweller
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« Reply #39 on: September 24, 2008, 12:21:36 PM »
Quote from: Mr. Kennedy
Most of the media is actually biased towards liberals....
Thanks, you\'ve all made that opinion known multiple times.  How about contributing something new.
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Offline Mr. Kennedy
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« Reply #40 on: September 24, 2008, 02:00:16 PM »
Quote from: Coredweller
Thanks, you\'ve all made that opinion known multiple times.  How about contributing something new.


It\'s a slow news day.
\"In the last 12 months 100,000 private sector jobs have been lost and yet you\'ve created 30,000 public sector jobs. Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecidented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.\" - Daniel Hannan

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Offline clips

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« Reply #41 on: September 24, 2008, 02:14:11 PM »
Meh...both Obama & McCain were involved with fannie mae & freddie mac....you can\'t spin it as the lesser of two evils....neither one can point the finger here....
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Offline clips

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« Reply #42 on: September 24, 2008, 08:07:04 PM »
And now McCain wants to delay the debates....


http://www.yahoo.com/s/959395


He even wants to delay the vp debates as well....he had over two weeks to go to washington if he wanted to figure this thing out,..now two days before the debate he wants to re-schedule everything? as if by him going to washington with his input is going to change everything....both republicans & democrats are tossing ideas at the situation.

He\'s trying to look like a leader and he\'s doin\' this strickly for politcal reasons....i believe that both he & obama can go to washington to give their ideas and views on the situation and they can also have a debate at the same time....and it\'s foolish of him to say what he would do if he was prez whe the info on this 700 billion dollar plan is sketchy at best...Obama is taking a wait and see approach reserving himself until he knows the full details of the plan.

I even think there was strategy to give palin more time to prep for her debate since he even wanted to delay that...make no mistake that this is a critical time for the economy,..but McCain had plenty of time to go to washington to have a hands on with this issue...he refused to do so....and these guys are watching McCains & Palins numbers slipping a bit in the polls...so two days before the debate he pulls the \'ol okeedoke.

In the end i feel both candidates do need to know what is going on with this plan,....but they also can go to washington and give their views on it and still have that debate on friday night.
knowledge, wisdom & understanding..these are the basic fundamentals of life

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Offline clips

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« Reply #43 on: September 24, 2008, 08:19:01 PM »
Me personally...i think that this 700 billion package in the simplest of terms,..

1. - It should have documentation to re-structure those loans that are in foreclosure,...give those folks a payment that they can afford and let the banks take a hit on the interest,...at least they are getting paid and the money is flowing again.

2. - Since the gov\'t is using tax payers money and in a sense is investing in these companies i think the tax-payers should get a bit of a kick-back once things get to back to a sense of normalcy in the economy.


But even if we don\'t get a reimbursment check, i truly feel we should re-structure those loans for those people facing foreclosure....why give the money to those big companies if the homeowners are still going to be stuck facing foreclosure?,(the only thing these big companies are saying is give us the money and let us figure it out)..that is bulls**t.....i say give the money to these companies so they don\'t fold, put stiff regulation in place and look out for the homeowner....and cut those million dollar bonuses for ceo\'s in half...

"i\'m clips and i approve this message"...:fro:....Core will be my running mate in 2012....:D
« Last Edit: September 25, 2008, 04:21:59 AM by clips »
knowledge, wisdom & understanding..these are the basic fundamentals of life

if you can\'t amaze them with brilliance, baffle them with bullsh*t....

Offline Eiksirf
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« Reply #44 on: September 25, 2008, 09:39:17 AM »
Quote from: Mr. Kennedy
It\'s a slow news day.

Thank God, I was getting tired of all that liberal bias.

Also, nice work clips. Now, if you\'ll just sign off on that bill along with this rider to allow hungry wolves to eat aborted fetuses, we\'ll be good to go. Mr. Senator.
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