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Daily Chat >> General Posts >> Here We Go Again [B of A] http://www.clusterheadaches.com/cgi-bin/yabb2/YaBB.pl?num=1241633727 Message started by KingOfPain on May 6th, 2009 at 2:15pm |
Title: Re: Here We Go Again [B of A] Post by Shawn on May 6th, 2009 at 2:54pm
B of A = Barak of America?
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Title: Re: Here We Go Again [B of A] Post by Charlie on May 6th, 2009 at 3:50pm
No Bush Of America. He's the one with the billionaire friends, Saudi and domestic, that he and his family have pampered for nearly a century.
It was on his watch as well. Charlie |
Title: Re: Here We Go Again [B of A] Post by Callico on May 6th, 2009 at 4:35pm
B of A didn't even ask for the funds. They were forced on them by the Obama administration. Can you say "Nationalization"?
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Title: Re: Here We Go Again [B of A] Post by Charlie on May 6th, 2009 at 4:50pm
FDR, same for Obama, wasn't for nationalization either. Not only New Dealers recognized that the Fed preserved and saved capitalization from itself.
Charlie |
Title: Re: Here We Go Again [B of A] Post by Shawn on May 6th, 2009 at 4:54pm
Sorry Charlie, you can't put this one on Bush. I know that's a tough pill to swallow. Bush isn't the one who will be running BofA when they are conveniently forced to convert those share to Common, making Barack the defacto CEO.
"Just Say No" to Bush Derangement Syndrome Regardless, even IF you want to say it was all Bush's fault, you can't deny that Obama is choosing how to deal with it TODAY. It is on Obama, not Bush. Obama's Whitehouse (as Obama calls it) is the one calling the shots now, and he could stop this nonsense if he thought nationalization was a 'bad thing'. No, this is all Barack. |
Title: Re: Here We Go Again [B of A] Post by Brew on May 6th, 2009 at 5:05pm
Does anyone ever say it's William Howard Taft's fault? James K. Polk's fault? How about Grover Cleveland's fault? That guy just looked guilty.
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Title: Re: Here We Go Again [B of A] Post by Redd on May 6th, 2009 at 10:18pm
Thought provolking statement there Bill, as well as historically accurate.
Thanks.... ;) |
Title: Re: Here We Go Again [B of A] Post by stevegeebe on May 6th, 2009 at 10:27pm
Since 70% of our economy is dependent on consumer spending and the economic downturn has the consumer tightening their belts, the Government will act as the consumer.
So, after insisting that the notion of home ownership to be a nice thing, and forcing banks to take on risky deals, that subsequently flop, the Government is forced to cover their faulty decisions with this type of bailout crap. The really neat thing is that the Government is giving the Banks gobs of money (our money) to reignite the excessive consumerism that got us here in the first place. And it is the Banks that will happily be contractually dispersing the money to the masses for a minor fee called interest. The Government will gladly siphon off its part of the profits all the while encouraging us with tax breaks on the interest we pay on our mortgages. One thing I find noticeably delicious is the striking similarities between the Bush and Obama administrations in their approach to this Banking collapse. They are the same. What a notion!? Who is really steering the policy? One way or another, you, your children and grandchildren will be paying for it. Free range chickens I'm telling ya'...we ain't nothing to the oligarchs but free range chickens. Pretty soon us chickens will all possess the same amount of eggs, no more...no less and we'll all be happy and free. Steve bawk bawk G |
Title: Re: Here We Go Again [B of A] Post by Guiseppi on May 7th, 2009 at 1:58am
I'm from the goverment....I'm here to help you! ;)
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Title: Re: Here We Go Again [B of A] Post by Charlie on May 7th, 2009 at 7:19pm Quote:
It must be tough to defend George Bush who is almost excusively responsible for wrecking the Republican Party. No one worked harder to elect Democrats than he and his bizarre administration. So far the current GOP crowd has been "purifying" itself by flushing out its moderates. Reagan must be turning in his grave. Charlie |
Title: Re: Here We Go Again [B of A] Post by Brew on May 7th, 2009 at 7:40pm
I can't defend Bush for much, Charlie. But the man did know where our anger and retribution was supposed to be directed - at radical Islamists.
Everything else - the guy was too liberal for me. Seems like the Constitution doesn't mean much inside the beltway anymore. |
Title: Re: Here We Go Again [B of A] Post by stevegeebe on May 7th, 2009 at 9:30pm
Economically speaking...we are giving Banks money. Is this strange?
I read an analogy, somewhere I can't remember, that this situation is like a lumber mill. Pretend you own a lumber mill and logs, raw product, is delivered to the train dock and offloads much lumber product. Then you run the product through you mill and sell it for a prophet at the other end of the mill. Now think about how much money you could make if you were getting the raw product and others were paying for it. Who is it that's providing the raw product and practically giving it away? And look who they are giving it to...and not giving it to. We are living in interesting times. Stress Test indeed. Steve G |
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