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East Brady

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Posts posted by East Brady

  1. Here is what they should bail-out: the dollar.

     

    Stop printing money we don't have, stop spending on programs we don't have money for, and make the politicians tell the truth about our deficits and what it means to the American public in the next coming years.

    Here's what it has done, the future looks great, spend some more welfare queens.

     

    http://www.reuters.com/article/ousiv/idUSTRE4AJ1GV20081120

     

    (Reuters) - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.

     

    Eight financial companies -- Citigroup Inc, Morgan Stanley, Goldman Sachs Group Inc, Wells Fargo & Co, JPMorgan Chase & Co, American International Group Inc, Bank of America Corp and GE Financial -- are in greatest need of capital, he said.

     

    "Debt or TARP capital is not true capital. Long-term debt financing is not the solution. Only injections of true tangible common equity will solve the current crisis," he said in a note dated November 19.

     

    Currently, the U.S. financial system has $37 trillion of debt outstanding, he noted.

     

    Combined, these eight companies have roughly $12.2 trillion of assets and only $406 billion of tangible common capital, or just 3.4 percent, the analyst said in his note to clients.

     

     

     

     

     

     

     

     

     

     

    Bailout Lovers are now Welfare Queens.

  2. And, yes, if I'm going to be lied to, I'd rather it be by someone intelligent, as they may actually do something smart, even though they are lying.

    Boy that's the America I'm Waiting, haven't we been doing this for about the past 50 freakin years. Things are looking great out here in the hinter lands. How's about we spend another 50 trillion in borrowed money because some ass in washington lied about the facts.

  3. The honest response would have been "no President has been able to enjoy the good fortune of every economic star lining up while happily stealing from Social Security". Honestly, do you people not understand that what is going on now directly correlates to the garbage that was being shoveled at you as gospel during the 90s?

     

     

    HAT TIP!!!!

  4. You are right about that .I figure about 3 years he has been dead .The Al Quida wont admit it so the CIA keeps sending out messages in his name and the Al Quida cant say anythng or they would admit he was dead. :lol:

    If he was still alive he'd be putting out tons of video and cranking out the prop. That's why we only hear from his little buddy and that is also questionable. Silly naive americans still haven't figured out the mega propaganda machine that they pay for everyday, it really is very amusing to watch. Not to mention the fact that the intelligence fellers wouldn't be able to stay in Afganastan and produce yet another

    WORLD RECORD POPPY HARVEST and SELL THAT BOTTY AROUND THE WORLD TO FUTHER FUND THEIR BLACK OP'S. Funny that the Taliban actually crushed the poppy trade, how's that possible, yet the U.S. Military says they aren't able to get their hands around the problem. Stupid !@#$cs. I wonder why Mr. Wonderful is sooo determined to expand the war?

  5. What makes you so sure that the Bills can beat the 49ers? In the last two weeks, they took the Arizona Cardinals in their home, to the last play of the game (whereas the same Cards decimated us) and last week they scorched the Rams (whereas we needed a pick-6 to win).

     

    No offense, as I want to be as positive as the next guy, but Mike Singletary has the team ready to play. More so than Dick "The Walking Dead" Jauron has with our team.

    I was going to say about the same thing. Singletary has them playing with emotion, very intense football.

    S.F. looks to be heading to a very strong finish. Wouldn't be suprised to see them beat Dallas this week.

    If you're a gambler, take S.F. and the points every week.

  6. The law of comparative advantage. If they make it cheaper, you're better off in the end as well as anyone else.

    Thats the kicker it wasn't cheaper, but for the same price I got more options. With the employee discount I would have had to move up 28 thousand before the discount. I could have then gotten the price down to 23,500 but I said f the Canadian UAW. Most of the gm trucks and vans are from the north. By the way I also run a full sized chevy van with 205,000 and no major breakdowns, hard driven also, can't beat the 350c.i..

     

    Many members of my family work for G.M. to this day, it was a tuff call, don't think I could have done it if my Dad was still kickin, out of respect. 35 f years.

  7. Yes, in 04 when I was shopping for a mini van for the wife I checked the product origination sticker. While looking at the Chevy Venture it said 80% Canada, the Toyota said 80% U.S.. I then made the decision and said to myself, F the G.M. employee discount and why should I care about the Canadian UAW workers, plus the Toyota said the only major component imported was the tranny. I want my tranny made in Japan for obvious reasons, 160,000 miles later, 1 new battery and some oil changes. No bailout for the big 3, let them file chapter 11 and get it started. On a side note G.M. opened a new assembly plant in Russia a couple weeks ago, F them.

  8. I've heard Bush is holding up the Detroit bailout to get a f'n free trade deal with POS Columbia? Bush was all behind the bank bailout, providing leadership on that issue, but he is MIA now. Obama needs to explain--yet again--what deep sh-- the country is in. Consumer spending is plummeting, unemployment is rising, bankruptcies are increasing at alarming rates and having the Big Three file for bankruptcy will only make matters worse. I don't like having to do it, but from where I sit it sure looks like a necessary step to keep the economy from going completly down the tubes. I mean who would buy a car from a bankrupt company? All those auto workers without work will not be good for the economy at all. If this was a normal time I might consider letting the big three get what they might deserve, but not now. Just can't take that hit.

     

    Folks, this really could be the big one.

    Mr. Wonderful has no business speaking to the nation at this time, that is why he is referred to as the president elect. You should be asking the dumb B word Nancy and her little buddy Harry why they continue to f you in the ass everyday and lie, cheat and steal, with their buddy's George and Hanky. F you six pack, you are an idiot.

     

     

    Great little video from Karl the man, regarding their rolls from last weeks hearings check it out, a must see!!

     

     

    http://market-ticker.denninger.net/archive...rauds!.html

     

     

     

    4.2 trillion so far: http://www.cnbc.com/id/27719011

  9. Obvioulsy a companies trump card is that they can always close their doors and shut down.

     

    I have a hard believeing that when the auto industry and the union first embarked on things like "30 and out"... Such pensions were NOT solvent... Why aren't they solvent now? Didn't they invest them conservatively?

     

    Now like the steel industry a few years ago... They truly got screwed... All along the company should have been doing the right thing.

     

    It would be like me raiding my child's education fund if I hit hard times... Afterall, it is my money that I put into it...

     

    These industries hit hard times and they raided...

     

    Pay the pensioners first, take care of the people that kicked into their system and close the doors. Who is really getting bailed out here and who really has been making the mistakes?... Obviously with most here, the blame always starts at the bottom... The blame that falls at the feet of the bottom is that they trusted, they expected some sort of "honor."

     

    Good luck with that. :lol:B-)

    As for GM, they have not been fully funding their pension fund for years. The pigs in washington nor the unions leaders never forced them to do it. As I remember, it was always treated as a source of cheap loans, kinda like the s. s. trust fund, full of IOU's. I believe the 700 bill. bailout has a provision to buy up the union pension plans.

  10. While the next administration shouldn't be focused on digging through the Bush trash, there's more than enough evidence that the public was blatantly lied to (i.e. the warrantless wiretap program), massive power was given to the executive branch via false interpretation of the constitution, signing statements, other legislation, etc., and it's very likely that many laws were broken in the process.

     

    Gauging the relative damage is probably the right thing to do under the circumstances, but not at the expense of fixing the economy and other pressing issues.

    Mr. Wonderful will not roll back any of the wrongs rubber stamped by the dem's in congress. He and they will only add to those laws and take advantage of the ones already in place. Its the american way.

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