IT'S NOT A GAME!
Moderators: Tunnelcat, Jeff250
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
TC while we are at it here's another tidbit of information for you. it appears that Democrat Chris Dodd had put into the legislation on the last bailout legislated during the Obama administration. A little clause that prevents the US government from touching the bonuses for any AIG employee. he made it ILLEGAL for the government to prevent any bonuses before 2-11-09. yes the very same Chris Dodd DEMOCRAT that enacted the legislation that caused the entire housing industry to collapse. it seems that While Mr. Dodd was receiving about $100,000.00+ a year from the lobbyists. he was in the Pockets of AIG. to put it in layman's terms he was bribed. but with your blinders on you would never have seen that coming huh. must be because he's a DEMOCRAT and we know how Lilly white they are
While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
maybe. but that still doesn't excuse TC's ignorance, naivety, and hatred in these matter.
its one thing to not know the facts,
its another thing to ignore the fact,
and its a totally different things to disregard the facts based on some misguided hatred
its one thing to not know the facts,
its another thing to ignore the fact,
and its a totally different things to disregard the facts based on some misguided hatred
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
― Theodore Roosevelt
― Theodore Roosevelt
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
Re:
SilverFJ wrote:For the muttering blonde picture, Cuda gets the hilarious award for today.
I'd probably do the same thing if the company was in as bad a shape as AIG is nowInsurrectionist wrote:Eleven of the individuals who received 'retention' bonuses of one million dollars or more are no longer working at AIG, including one who received 4.6 million dollars. NIce to know, take the money and run.
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
ROFL
while I was looking for information about the \"Dodd amendment\" yesterday I ran across a couple of lefty web site Salon and Media Maters, both sites \"quoting\" people saying that this was a Republican lie that this never happened and we would do anything to make Obama look bad. well it seems now that the Clinton News network has quoted Dodd himself as saying yes he added that legislation.
http://www.cnn.com/?refresh=1
while I was looking for information about the \"Dodd amendment\" yesterday I ran across a couple of lefty web site Salon and Media Maters, both sites \"quoting\" people saying that this was a Republican lie that this never happened and we would do anything to make Obama look bad. well it seems now that the Clinton News network has quoted Dodd himself as saying yes he added that legislation.
http://www.cnn.com/?refresh=1
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
― Theodore Roosevelt
― Theodore Roosevelt
- Tunnelcat
- DBB Grand Master
- Posts: 13743
- Joined: Sat Mar 24, 2007 12:32 pm
- Location: Pacific Northwest, U.S.A.
Re:
The Dodd story is looking like a lie by the right wing press. The left wing press is calling it that, so we'll see what shakes out. It's Geithner and Summers who are looking crooked here. I've already stated that I didn't like either the Geithner or Summers picks and that they were a mistake for Obama to pick them. They're insider slimeballs from the past, just as was Phil Gramm, so if McCain had won the election, it wouldn't have changed a thing. It's downright depressing we can't get these insiders out of Washington.CUDA wrote:TC while we are at it here's another tidbit of information for you. it appears that Democrat Chris Dodd had put into the legislation on the last bailout legislated during the Obama administration. A little clause that prevents the US government from touching the bonuses for any AIG employee. he made it ILLEGAL for the government to prevent any bonuses before 2-11-09. yes the very same Chris Dodd DEMOCRAT that enacted the legislation that caused the entire housing industry to collapse. it seems that While Mr. Dodd was receiving about $100,000.00+ a year from the lobbyists. he was in the Pockets of AIG. to put it in layman's terms he was bribed. but with your blinders on you would never have seen that coming huh. must be because he's a DEMOCRAT and we know how Lilly white they are
http://www.salon.com/opinion/greenwald/2009/03/17/dodd/
In fact, I just learned that my Oregon Senator, Democrat Ron Wyden, with the help of Republican Olympia Snow, HAD crafted a provision LAST month to cap executive bonuses at AIG, but someone UNNAMED stripped the provision out of the stimulus bill. Who?????????????? Why won't little wienie Harry Reid say who it was? Which Senator is he protecting?
http://www.dailykos.com/story/2009/3/18 ... IG-Bonuses
But even worse, it seems that there is already a provision in the TARP Bill, Section 5.3, that gives the government the authority to renegotiate all contracts. They're GOD here, so why is Congress going through all these machinations? To protect Geithner, or Congress even? He and Congress are looking really dirty in all this mess too, so how long will the status quo last?
http://www.businessweek.com/smallbiz/ru ... eally.html
I'm really getting tired of listening to Republicans (and Conservative Democrats) demand that the UAW renegotiate THEIR contracts as a condition for bailout money to go to GM, but the damn bankers and Wall Street financiers can get taxpayer money with no such requirements, yet. The poop has hit the fan and Obama and crew, along with Congress, are looking dirty. While they play their political games, the average American continues to get screwed. By the way, eleven of those AIG birdbrains that got bonuses that everybody claims are needed for retention of talent, have LEFT AIG! I see that worked well.
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
Re:
OMG!!!!!! DODD ADMITTED IT!!!!!! read the CNN storytunnelcat wrote:The Dodd story is looking like a lie by the right wing press.
Not only did he admit it he said the Obama Administration told him to do it
http://www.cnn.com/2009/POLITICS/03/18/ ... index.html
Good Lord woman get off Salon and the Daily Kos, you CANNOT get more flamming liberal than those website. at least try something a little more main stream hell those sites make MSNBC look like the RNC website
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
― Theodore Roosevelt
― Theodore Roosevelt
Re:
heh, I'm stealin' it.SilverFJ wrote:For the muttering blonde picture, Cuda gets the hilarious award for today.
Thx Cuda !!!
edit -
STOP THE PRESSES!!!!
more bonus payouts;
this time at Fannie and Freddie
http://hotair.com/archives/2009/03/18/h ... onus-plan/
so when exactly does the neutron gamma death ray that destroys us start emitting from this wildly spinning black hole ????
http://hotair.com/archives/2009/03/18/d ... -language/
whirrwhirrwhirrwhirrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
most transparent Congress - EVAH !
I saw on the news tonight the very things I've been thinking so I pulled this off the web. Here's the source with some key elements pulled out.
http://seattletimes.nwsource.com/html/b ... owers.html
EDIT: last quote added for emphasis.
http://seattletimes.nwsource.com/html/b ... owers.html
President Barack Obama seeks new powers that would allow his administration to seize troubled companies like the insurer AIG — and take ownership of their toxic assets — if their collapse would threaten the financial system.
One official at a banking industry trade group in Washington said the Obama proposal raises concerns about the possible \"nationalization\" of banks.
Further details of the Obama administration's regulatory overhaul package are expected to be unveiled as early as next week, in advance of an April 2 meeting in London the president will attend to discuss the financial crisis with other world leaders.
\"This is part of the broader package of financial regulatory steps that we're going to be taking that ensures that, going forward in the future, we're not going to find ourselves in these kinds of terrible positions again,\" Obama told reporters before departing on a trip to California.
Obama said it was \"outrageous\" that the government was being forced to \"clean up after AIG's mess.\" He said it was critical that the government have the \"tools to prevent ourselves from getting in a situation where an AIG can pose such enormous vulnerabilities to the system as a whole.\"
Buckle up boys and girls. BIG CHANGE is coming.European countries have pushed the administration to take a tougher approach to financial regulation, believing it was a weak regulatory structure in the United States that led to the crisis that has now pushed the global economy into recession.
EDIT: last quote added for emphasis.
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
I found these of particular interest.
Of particular concern is EXECUTIVE ORDER 11051.Executive Orders associated with FEMA that would suspend the Constitution and the Bill of Rights. These Executive Orders have been on record for nearly 30 years and could be enacted by the stroke of a Presidential pen:...
EXECUTIVE ORDER 10990
allows the government to take over all modes of transportation and control of highways and seaports.
EXECUTIVE ORDER 10995
allows the government to seize and control the communication media.
EXECUTIVE ORDER 10997
allows the government to take over all electrical power, gas, petroleum, fuels and minerals.
EXECUTIVE ORDER 10998
allows the government to seize all means of transportation, including personal cars, trucks or vehicles of any kind and total control over all highways, seaports, and waterways.
EXECUTIVE ORDER 10999
allows the government to take over all food resources and farms.
EXECUTIVE ORDER 11000
allows the government to mobilize civilians into work brigades under government supervision.
EXECUTIVE ORDER 11001
allows the government to take over all health, education and welfare functions.
EXECUTIVE ORDER 11002
designates the Postmaster General to operate a national registration of all persons.
EXECUTIVE ORDER 11003 allows the government to take over all airports and aircraft, including commercial aircraft.
EXECUTIVE ORDER 11004 allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to be abandoned, and establish new locations for populations.
EXECUTIVE ORDER 11005
allows the government to take over railroads, inland waterways and public storage facilities.
EXECUTIVE ORDER 11051
specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.
EXECUTIVE ORDER 11310
grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.
EXECUTIVE ORDER 11049
assigns emergency preparedness function to federal departments and agencies, consolidating 21 operative Executive Orders issued over a fifteen year period.
EXECUTIVE ORDER 11921
allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months. The Federal Emergency Management Agency has broad powers in every aspect of the nation. General Frank Salzedo, chief of FEMA's Civil Security Division stated in a 1983 conference that he saw FEMA's role as a \"new frontier in the protection of individual and governmental leaders from assassination, and of civil and military installations from sabotage and/or attack, as well as prevention of dissident groups from gaining access to U.S. opinion, or a global audience in times of crisis.\" FEMA's powers were consolidated by President Carter to incorporate the...
National Security Act of 1947
allows for the strategic relocation of industries, services, government and other essential economic activities, and to rationalize the requirements for manpower, resources and production facilities.
1950 Defense Production Act
gives the President sweeping powers over all aspects of the economy.
Act of August 29, 1916
authorizes the Secretary of the Army, in time of war, to take possession of any transportation system for transporting troops, material, or any other purpose related to the emergency.
International Emergency Economic Powers Act
enables the President to seize the property of a foreign country or national. These powers were transferred to FEMA in a sweeping consolidation in 1979.
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
Re:
Well said. And pity the president who ever tries to implement those executive orders - it'll be the shortest political career in history. Obama may be talking tough, but I don't think any of the above is what he had in mind. This downturn started with toxic debt - but it is now being fed by a lack of confidence as much as anything else. If Obama executed any of those orders, what little international confidence that remains in the US economy would vanish very quickly. Don't even get me started on the last one on that list.Ferno wrote:"These Executive Orders have been on record for nearly 30 years"
Not just Obama, The last FIVE presidents have had this power. and until those executive orders are purged, every future president will have those same powers.
In a dramatic reversal Wednesday, Sen. Chris Dodd, D-Conn., confessed to adding language to a spending cap in the stimulus bill last month that specifically excluded executive bonuses included in contracts signed before the bill's passage.
Dodd told FOX News that Treasury officials forced him to make the change.
\"As many know, the administration was, among others, not happy with the language. They wanted some modifications to it,\" he said. \"They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous.\"
Too bad the \"Porkulis\" bill was rushed through so fast no one had time to read it eh?
Dodd told FOX News that Treasury officials forced him to make the change.
\"As many know, the administration was, among others, not happy with the language. They wanted some modifications to it,\" he said. \"They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous.\"
Too bad the \"Porkulis\" bill was rushed through so fast no one had time to read it eh?
Re:
Good point - but still, the world government scenario I still feel is too unrealistic. Hell, we can't even get the UN to act unlaterally on obvious disasters like the Balkan conflicts, The West Bank or the Sudan, let alone ceeding all executive power worldwide to one supposedly-impartial universally representative unaligned political organisation.flip wrote:True, but what the other presidents didn't have was a world wide economic crisis on their hands. I've said the whole time this is all contingent on a full collapse.
I think in the event of a full collapse, the world's governments will become even more secular, divided and protectionist - not less so. Besides which, a full collapse is FAR less likely when you look at what's happening economically in India and where they will be in just under 40 years. If India continues to grow at it's current rate (even factoring in the current downturn) it will be the world's biggest economy by 2050.
Re:
I vote for a 100% tax rate on said bonuses. Not that I really want the money in the government's hands, but I'd rather them have it than the blood suckers that are becoming millionaires off of my tax dollars.While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
Re:
You should't talk about Congress like thatsnoopy wrote:I vote for a 100% tax rate on said bonuses. Not that I really want the money in the government's hands, but I'd rather them have it than the blood suckers that are becoming millionaires off of my tax dollars.While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
― Theodore Roosevelt
― Theodore Roosevelt
- Tunnelcat
- DBB Grand Master
- Posts: 13743
- Joined: Sat Mar 24, 2007 12:32 pm
- Location: Pacific Northwest, U.S.A.
You're right CUDA. Dodd FINALLY admitted to the truth after all that waffling and butt covering in the press. Had all the leftie press going bananas trying to find out what was really going on. LOL!
http://edition.cnn.com/2009/POLITICS/03 ... .congress/
To be fair, I DID say that the initial reporting MIGHT be a rightie lie when I first posted, but I wasn't really sure with all the conflicting stories out there, so I gave links to what the other side was saying. I really don't hold a candle to FOX News, Rush Limbaugh and even CNN at times, so I try to balance things by seeing what the lefties are blithering. I wasn't going to pass judgment until someone fessed up in the end, if ever. I personally think that Dodd was played for a sucker so that Obama could come out and say \"heckuva a job Geithner\" and you know how that'll end up. I beginning to think Obama was forced into picking Geithner as some form of appeasement to who???????
However, not much is being said in the press about the Wyden/Snow amendment that was killed too. I think the Wall Street Journal had something in print today. It's beginning to look like the Geithner, Summers and Bernanke cabal left over from previous administrations is going to haunt Obama by trying to protect Wall Street. Unless Obama's up to something and he's playing hardball with Congress and his own appointees. Why does this incident seem like a circular firing squad with all the finger pointing going on?
This whole AIG bonus mess is just a distraction anyway, as maddening as it is. The real problem still concerns Wall Street and the large chunk of the economy they control and the big loss of manufacturing jobs overseas. Before Reagan took office, 6% of the GDP was in the financial sector and we had a HUGE manufacturing base. Today it's 30% of our GDP and we have a drastic reduction in manufacturing! The banks and financial institutions have gotten WAY to big for our own good. Wall Street has us in a noose. If they don't like what Obama does, they can hang us all with just a thought. Thank you for nothing, Reagan!
http://edition.cnn.com/2009/POLITICS/03 ... .congress/
To be fair, I DID say that the initial reporting MIGHT be a rightie lie when I first posted, but I wasn't really sure with all the conflicting stories out there, so I gave links to what the other side was saying. I really don't hold a candle to FOX News, Rush Limbaugh and even CNN at times, so I try to balance things by seeing what the lefties are blithering. I wasn't going to pass judgment until someone fessed up in the end, if ever. I personally think that Dodd was played for a sucker so that Obama could come out and say \"heckuva a job Geithner\" and you know how that'll end up. I beginning to think Obama was forced into picking Geithner as some form of appeasement to who???????
However, not much is being said in the press about the Wyden/Snow amendment that was killed too. I think the Wall Street Journal had something in print today. It's beginning to look like the Geithner, Summers and Bernanke cabal left over from previous administrations is going to haunt Obama by trying to protect Wall Street. Unless Obama's up to something and he's playing hardball with Congress and his own appointees. Why does this incident seem like a circular firing squad with all the finger pointing going on?
This whole AIG bonus mess is just a distraction anyway, as maddening as it is. The real problem still concerns Wall Street and the large chunk of the economy they control and the big loss of manufacturing jobs overseas. Before Reagan took office, 6% of the GDP was in the financial sector and we had a HUGE manufacturing base. Today it's 30% of our GDP and we have a drastic reduction in manufacturing! The banks and financial institutions have gotten WAY to big for our own good. Wall Street has us in a noose. If they don't like what Obama does, they can hang us all with just a thought. Thank you for nothing, Reagan!
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
Re:
TC with all due respect let go of the Bush administration, ITS DONE, GONE, OVERWITH. Geitner is a pure and simple Obama nominee. and this is his baby now and these screwups protecting the bonuses happened on his watch and by his orders. HE is responsible for the actions of the government on HIS watch. you cannot continue to make excuses for his screwupstunnelcat wrote: It's beginning to look like the Geithner, Summers and Bernanke cabal left over from previous administrations is going to haunt Obama by trying to protect Wall Street.
- Will Robinson
- DBB Grand Master
- Posts: 10136
- Joined: Tue Mar 07, 2000 3:01 am
Re:
Yea he should have just continued with Carters plan and we could have gone into a depression that would still be with us today!tunnelcat wrote:... Thank you for nothing, Reagan!
- Will Robinson
- DBB Grand Master
- Posts: 10136
- Joined: Tue Mar 07, 2000 3:01 am
Last month the democrats removed from the bill the provision that would strip bonuses from companies taking bail out money...so now they say they didn't know what was in the bill, you know, the one that they went in and surgically removed the part blocking executive bonuses...so they now want to tax the bonuses to get the money back!?!?
OK, lets take them at their word for a minute. If they are truly that f!@#ing stupid do we dare let them use sharpened pencils let alone run the country!?!?
OK, lets take them at their word for a minute. If they are truly that f!@#ing stupid do we dare let them use sharpened pencils let alone run the country!?!?
- Tunnelcat
- DBB Grand Master
- Posts: 13743
- Joined: Sat Mar 24, 2007 12:32 pm
- Location: Pacific Northwest, U.S.A.
Like I said, a circular firing squad. And yes, if they're THAT stupid, they shouldn't have sharpened pencils in their possession. If all their shenanigans don't pan out by 2010 (edited, originally said 2008. Too much pizza and beer!), the voters will have their say.
Reagan's the one who started this whole 'lets get rid of big government' theme that Republicans and ConservaDems have run with ever since by whittling away at our government's structure and deregulating Wall Street and banking. Now we are bearing the fruit of his dream, whether Republicans like it or not.
Reagan's the one who started this whole 'lets get rid of big government' theme that Republicans and ConservaDems have run with ever since by whittling away at our government's structure and deregulating Wall Street and banking. Now we are bearing the fruit of his dream, whether Republicans like it or not.
- Will Robinson
- DBB Grand Master
- Posts: 10136
- Joined: Tue Mar 07, 2000 3:01 am
Re:
You must have missed the last meeting, the new republican scapegoats are Bush, Cheney and Limbaugh. They are the new face of who to blame all problems on.tunnelcat wrote:...Reagan's the one who started this whole 'lets get rid of big government' theme that Republicans and ConservaDems have run with ever since by whittling away at our government's structure and deregulating Wall Street and banking. Now we are bearing the fruit of his dream, whether Republicans like it or not.
The reason for the switch is the party is afraid the next generation of willfully ignorant voters don't get very fired up blaming someone they don't really remember or see on YouTube so you need to remove Reagan from the rhetoric and plug in Bush. Don't worry your talking points will still work as they always did since the target audience is so weak minded.
Your party thanks you for never failing to deflect criticism of democrats by using the Blame the Conservative Method.
Well done, and remember, there are many more voter retention methods available to all veteran party members at the Democrat Underground Message Board!
- Lothar
- DBB Ghost Admin
- Posts: 12133
- Joined: Thu Nov 05, 1998 12:01 pm
- Location: I'm so glad to be home
- Contact:
Tunnelcat, the problem here isn't simple deregulation, and it's CERTAINLY not the type of deregulation Reagan pushed for. You are, quite simply, confused.
The problem is deregulation of the wrong sort (the sort of deregulation Reagan would've hated), coupled with regulation of the wrong sort (the sort of regulation Reagan would've hated.)
TRANSPARENCY is key to a sound economy (upcoming post on this.) Essentially, buyers and sellers both need to know what they're getting and what they're paying. The sort of deregulation we've seen has allowed certain organizations to package securities under a certain label that really didn't deserve the label, essentially using the trust of highly-rated securities to sell garbage.
This has been combined with a sort of regulation where government has encouraged lenders to loan money to people who can't afford it, by providing them with a form of insurance through Fanny and Freddie (and then providing Fanny and Freddie with government backing.)
The net result is that the government pushed people to create bad loans, gave them a false sense of security regarding those loans being backed, and then allowed Fanny and Freddie to stealthily resell those loans as if they were good loans. And since the entire credit market is based on weighing people's assets/liabilities/income and banks holding appropriate assets to counter their liabilities, when people and lenders started to realize that a lot of their assets were worthless, credit suddenly became VERY hard to come by, and the economy went in the tank.
And you have the gall to blame Reagan... pathetic.
The problem is deregulation of the wrong sort (the sort of deregulation Reagan would've hated), coupled with regulation of the wrong sort (the sort of regulation Reagan would've hated.)
TRANSPARENCY is key to a sound economy (upcoming post on this.) Essentially, buyers and sellers both need to know what they're getting and what they're paying. The sort of deregulation we've seen has allowed certain organizations to package securities under a certain label that really didn't deserve the label, essentially using the trust of highly-rated securities to sell garbage.
This has been combined with a sort of regulation where government has encouraged lenders to loan money to people who can't afford it, by providing them with a form of insurance through Fanny and Freddie (and then providing Fanny and Freddie with government backing.)
The net result is that the government pushed people to create bad loans, gave them a false sense of security regarding those loans being backed, and then allowed Fanny and Freddie to stealthily resell those loans as if they were good loans. And since the entire credit market is based on weighing people's assets/liabilities/income and banks holding appropriate assets to counter their liabilities, when people and lenders started to realize that a lot of their assets were worthless, credit suddenly became VERY hard to come by, and the economy went in the tank.
And you have the gall to blame Reagan... pathetic.
- CUDA
- DBB Master
- Posts: 6482
- Joined: Thu Jun 07, 2001 2:01 am
- Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon
Cmon Guys give TC a Break D*U*M*B* hasn't told her what to think yet.
I like that Will
I like that Will
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
― Theodore Roosevelt
― Theodore Roosevelt
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
Has any one read Brain Wash. Seems fitting with todays media and what's going on in the world.
So don't blame TC for the thoughts running through the mind.Brain Wash wrote:That is how the system works!
Educated people are taught to scorn any idea of "conspiracy". However honest thought shows conspiracy an historic and ever present fact of life. Having gone that far, more honest thought brings us face to face with the fact of human greed for power. We only need look at the clear evidence to see the real world as very different from what we are taught to believe. Or, as Disraeli put it over one hundred years ago, "The world is governed by very different persons from what those believe who are not behind the scenes." Disraeli was in a position to know.
Manipulation of human intelligence for the purpose of mass enslavement is perhaps the most despicable and inhuman abuse of power that one group of humans can practice on another.
Although drugs do help control people there is no need to put something in the water to create a zombie-like enslavement of the mass population. Designed misinformation is safer and gives the tyrant elite a more useful result because it allows the victim a determined pursuit of prosperity that will become the tyrant's reward.
Brain Wash wrote:Two things become notable from any study of modern mass persuasion technique:
1. No matter if the activity is to find answers to what opinion is popular with the public - what people think of a business or service; or whether it is to manipulate the public to form a favourable opinion of a business or service, one thing remains constant - to take advantage of the public.
2. No matter whether the activity of public relations is presented as being for the public benefit or for private advantage, there is never any acknowledgement that human beings are involved - humans are treated as animals without rights, without humanity and without respect. To the mind manipulator the great mass of humanity is a mere collection of biological machinery to be used for the benefit of a superior elite.
Are these the ravings of a lunatic?
http://www.youtube.com/watch?v=FnkdfFAqsHA
http://www.youtube.com/watch?v=FnkdfFAqsHA
EDIT: I can't directly confirm the above quote to be Kennedys. I'll keep looking but at this point I can't attribute that to him. The video stands, but for now I'll remove Kennedys name until I know for sure.\"All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.\"
These are 2 excerpts from a History channel program talking about secret societies. Very compelling stuff. Judge for yourself, then either prepare or stick your head back in the sand.
http://www.youtube.com/watch?v=ItovxXPqNa0
http://www.youtube.com/watch?v=tvtGzYBg ... re=related
http://www.youtube.com/watch?v=ItovxXPqNa0
http://www.youtube.com/watch?v=tvtGzYBg ... re=related
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
Nice I have seen this on the history channel before. Below is a good read
http://www.skullandcrossbones.org/artic ... dbones.htm
http://www.skullandcrossbones.org/artic ... dbones.htm
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
Authur Jason wrote:"A so called 'bailout backlash', a huge rise in public antagonism toward banks and Wall Street, is set to provide the Obama administration and the governments of the G20 nations a pretext to usher in a new era of international centralization and control over financial practices and institutions."
Remember, all these major international events are scripted. Therefore, the outrage toward companies like AIG was scripted. These huge bonuses paid to top executives of companies who have accepted many billions of dollars of government funds are planned. You will see why the script was written this way as we continue with our news story.
"The backlash or 'bailout rage' as others have dubbed it, has been further heightened by revelations regarding AIG’s squandering of almost $100 billion in taxpayer rescue funding - which it siphoned off to Goldman Sachs and a number of European banks - in addition to the company’s plan to continue issuing massive bonuses to the people in the very division that were responsible for it’s spiraling derivative-driven downturn."
"The intention to use such practices to push for increased authoritative regulation is clear."
With this outrage, President Obama and the Congress will have the public backing they need to completely and thoroughly complete the transition from the old Capitalist Economy to the tightly controlled Fascist Economy.
The regulatory laws the government passes in order to deal with the AIG excesses will be written in such a manner as to apply to any other company in any other part of the economy. In the name of preventing unwarranted "greed", government regulations will be forced upon well-run companies who would never have come under the tight thumb of the Federal Government by any other means.
Welcome to the New World Order!
- Insurrectionist
- DBB Captain
- Posts: 557
- Joined: Wed Dec 22, 2004 7:01 am
- Location: SE;JHFs
- Contact:
Re:
Double Post Sorry.