stuckincincy Posted September 29, 2008 Share Posted September 29, 2008 Stunning. Government ownership of the banking industry is on the horizon, thanks to that one party and their populist interest in pandering for votes, forcing banks under pain of civil and criminal prosecution, starting with Carter and his congress in 1977 - to accept unemployment checks, down payments, welfare checks, part-time job checks and so forth as acceptable criteria for loan paper. Per blueprint, they blame the opposition that they historically accuse of being mean-spirited and racist. And the loyal opposition has given up. They like votes, too...and have been shown the way. As Marx mentioned - it's inexorable. http://articles.latimes.com/1999/may/31/news/mn-42807 Or for a more spicy view... http://www.anncoulter.com/ Bad times for the 95% of Americans that saved up and bought housing they could actually afford... Link to comment Share on other sites More sharing options...
East Brady Posted September 29, 2008 Author Share Posted September 29, 2008 Don't worry they have just announced that the pre election break has been canceled and they are work on the new version. Link to comment Share on other sites More sharing options...
taterhill Posted September 29, 2008 Share Posted September 29, 2008 A real f*cking profile in courage here... Throw the whole f*cking lot of them out...Dems and Reps. it is beyond maddening..I should have a fun night, putting out fires and am looking forward to quarterly statements going out Wed.....when the idiots that want to "stick it to Wall St" open their quarterly statements, they will be whistling a new tune...and then realize they cannot get a loan for their new car Link to comment Share on other sites More sharing options...
East Brady Posted September 29, 2008 Author Share Posted September 29, 2008 it is beyond maddening..I should have a fun night, putting out fires and am looking forward to quarterly statements going out Wed.....when the idiots that want to "stick it to Wall St" open their quarterly statements, they will be whistling a new tune...and then realize they cannot get a loan for their new car When the Top controls more now, than they did in 1929, you've got a problem. Don't forget where most of those profits came from, free trade. How's that working out for main st. The people are fed up. Globalism takes a blow for a couple days. It's top vs Bottom. Link to comment Share on other sites More sharing options...
Max Fischer Posted September 29, 2008 Share Posted September 29, 2008 Government ownership of the banking industry is on the horizon, thanks to that one party and their populist interest in pandering for votes, forcing banks under pain of civil and criminal prosecution, starting with Carter and his congress in 1977 - to accept unemployment checks, down payments, welfare checks, part-time job checks and so forth as acceptable criteria for loan paper. Per blueprint, they blame the opposition that they historically accuse of being mean-spirited and racist. And the loyal opposition has given up. They like votes, too...and have been shown the way. As Marx mentioned - it's inexorable. http://articles.latimes.com/1999/may/31/news/mn-42807 Or for a more spicy view... http://www.anncoulter.com/ Bad times for the 95% of Americans that saved up and bought housing they could actually afford... Ann Coulter? Nice. You really are out there holding onto the end of the fringe. Link to comment Share on other sites More sharing options...
GG Posted September 29, 2008 Share Posted September 29, 2008 When the Top controls more now, than they did in 1929, you've got a problem. Don't forget where most of those profits came from, free trade. How's that working out for main st. The people are fed up. Globalism takes a blow for a couple days. It's top vs Bottom. Are you intent on proving your idiocy with every post? What top, what bottom? Who do you think will suffer more if the stock market falls 30%? Link to comment Share on other sites More sharing options...
X. Benedict Posted September 29, 2008 Share Posted September 29, 2008 You forgot the seizure of the commercial paper market, which will force companies to draw down their lines with banks, further upending balance sheets. If companies meet payroll tomorrow, don't be so sure for Oct 15. Sucks for anyone who needs to buy or sell a house, even if you have 20% down. But hey, Wall Street will have learned its lesson. Followed by everyone missing their credit card payment and going into a 30% universal default. Fun times ahead. Link to comment Share on other sites More sharing options...
taterhill Posted September 29, 2008 Share Posted September 29, 2008 When the Top controls more now, than they did in 1929, you've got a problem. Don't forget where most of those profits came from, free trade. How's that working out for main st. The people are fed up. Globalism takes a blow for a couple days. It's top vs Bottom. move to Cuba or China Link to comment Share on other sites More sharing options...
Alaska Darin Posted September 29, 2008 Share Posted September 29, 2008 Frankly, the biggest fear mongering was done by people throwing up the $700 billion headline number, as if it's the end of the world. The true cost to the taxpayers will be far smaller, if not a gain if done right. Given the government's history, the very idea that they'll do something right and cost the taxpayers less money is a pretty big reach. But I'm all for pretending they'll be competent if you're along for the ride. I have no idea what 100 years of terrible economic policy is, when during that time US went to dominate the world economy and is only having its second financial panic in a century, vs six financial panics in the century that preceded it. Perhaps the Austrian school can give an answer to that if its desciples can tell the difference between Freidrich & Salma. As long as domination can be defined by charade and "at the end of a spear". Link to comment Share on other sites More sharing options...
GG Posted September 29, 2008 Share Posted September 29, 2008 Given the government's history, the very idea that they'll do something right and cost the taxpayers less money is a pretty big reach. But I'm all for pretending they'll be competent if you're along for the ride. Since a similar structure was done right 15 years ago with negligible fiscal effects, I'm not too worried about them getting it right. Unless they do hand it off to Homeland Security. As long as domination can be defined by charade and "at the end of a spear". A charade usually doesn't last 100+ years. Even the Soviet charade collapsed in less time and that spear was far sharper. Link to comment Share on other sites More sharing options...
finknottle Posted September 29, 2008 Share Posted September 29, 2008 looks like Pelosi and her "speech" doomed this Ah yes, the new post-partisan era. I've been saying it a long time now - whether you are a Democrat or a Republican on the issues, you have to agree that Pelosi is the worst speaker in our lifetimes. Ove the past two years she has accomplished less with a larger majority and with public support behind her than anyone would have thought possible. Pissing matches, and that's it. Sound and fury, signifying nothing. Regardless of the outcome of the election, the Democrats must dump her if they want to lead. Link to comment Share on other sites More sharing options...
Ramius Posted September 29, 2008 Share Posted September 29, 2008 Government ownership of the banking industry is on the horizon, thanks to that one party and their populist interest in pandering for votes, forcing banks under pain of civil and criminal prosecution, starting with Carter and his congress in 1977 - to accept unemployment checks, down payments, welfare checks, part-time job checks and so forth as acceptable criteria for loan paper. Per blueprint, they blame the opposition that they historically accuse of being mean-spirited and racist. And the loyal opposition has given up. They like votes, too...and have been shown the way. As Marx mentioned - it's inexorable. http://articles.latimes.com/1999/may/31/news/mn-42807 Or for a more spicy view... http://www.anncoulter.com/ Bad times for the 95% of Americans that saved up and bought housing they could actually afford... You've really gone off the deep end. Link to comment Share on other sites More sharing options...
Joe Miner Posted September 29, 2008 Share Posted September 29, 2008 So, what are the guess at the new bailout plan? They have to pass something. Too many politicians from each side voted no to be able to believably turn this into a partisan issue. My guess is the price tag on the next plan is $1+ trillion . Link to comment Share on other sites More sharing options...
finknottle Posted September 29, 2008 Share Posted September 29, 2008 And don't forget, this Bill was full of specific concessions that the GOP House leadership said had to be in there in order for them to vote for it. Absurd. And a lot of things that the Rebublican rank and file said would make them *not* vote for it. Link to comment Share on other sites More sharing options...
stuckincincy Posted September 29, 2008 Share Posted September 29, 2008 Ann Coulter? Nice. You really are out there holding onto the end of the fringe. Ahh...your typical attempt at derogation. You, as is your way, bypassed my comment "for a more spicy" view, and went to your direct denigration and attempt to trivialize. I've read the body of your work - You seem a co-opted, fawning, self-serving soldier of the Left with some tick that ends up being a pathological need to go with whatever makes the buzz at the moment. You have no ability to discern that I've seen. You were born too late - you would have been right there in 1933 lapping up the Hitler socialism, and in 1917, a loyalist for Lenin and what happened after. You and your ilk is historically common - you follow the despots sans any whiff of consideration, any questioning of any tin god that juices and assuages your fancy. Uh Oh. I typed this on PPP. If I said this on my corner and it was heard, I guess I'd get a threat against my free speech from Obama, Inc. Link to comment Share on other sites More sharing options...
X. Benedict Posted September 29, 2008 Share Posted September 29, 2008 Government ownership of the banking industry is on the horizon, thanks to that one party and their populist interest in pandering for votes, forcing banks under pain of civil and criminal prosecution, starting with Carter and his congress in 1977 - to accept unemployment checks, down payments, welfare checks, part-time job checks and so forth as acceptable criteria for loan paper. Per blueprint, they blame the opposition that they historically accuse of being mean-spirited and racist. And the loyal opposition has given up. They like votes, too...and have been shown the way. As Marx mentioned - it's inexorable. http://articles.latimes.com/1999/may/31/news/mn-42807 Or for a more spicy view... http://www.anncoulter.com/ Bad times for the 95% of Americans that saved up and bought housing they could actually afford... No time to argue this but I think you may find this of interest: http://www.rgemonitor.com/us-monitor/25375...nie_and_freddie Link to comment Share on other sites More sharing options...
finknottle Posted September 29, 2008 Share Posted September 29, 2008 Followed by everyone missing their credit card payment and going into a 30% universal default. Fun times ahead. Is this a knock on Joe Biden? His efforts protecting the credit card companies from personal bancruptcy is purely coincidental. Link to comment Share on other sites More sharing options...
X. Benedict Posted September 29, 2008 Share Posted September 29, 2008 Is this a knock on Joe Biden? His efforts protecting the credit card companies from personal bancruptcy is purely coincidental. Not specifically....but if there is a bigger credit whore in the Senate, I don't know who it would be in the entire USAMBNA. Link to comment Share on other sites More sharing options...
finknottle Posted September 29, 2008 Share Posted September 29, 2008 So, what are the guess at the new bailout plan? They have to pass something. Too many politicians from each side voted no to be able to believably turn this into a partisan issue. My guess is the price tag on the next plan is $1+ trillion . I see no logical reason why the Democrats, if they want to show they can lead, shouldn't sit down with Bush and write it themselves. No Republicans needed. They are always using the threat of a presidential veto as an excuse for not passing meaningful legislation - they don't have that worry here, Bush is on board. But that would mean taking responsibility for the legislation, with no-one to blame if it is a disaster. Link to comment Share on other sites More sharing options...
finknottle Posted September 29, 2008 Share Posted September 29, 2008 I want to know how they can spend an entire week negotiating a package that they still can't agree on when it comes to vote. But I thought it was all ironed out a week ago, and there was no need for the candidates to get involved? Maybe if Obama had talked to a few of the 94 no-voting Democrats it would have passed... Link to comment Share on other sites More sharing options...
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