The ..2012.... Political thread
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Mustang Sally...I was being nice by not mentioning his name. If you actually listen to the news you would have heard this. It's all over the net. Here I googled it for you Google: http://www.google.com/search?hl=en&q=%22chuck+schumer%2Brun+on+the+bank%22&aq=f&oq= Here is a headline:
WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information
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[quote="mustangsally10"]
deKooningartist:
SurSteven:
mustangsally10:
This is for all you 'free market' worshipers of Reagan & Thatcher. Proponents of 'less government' intervension in financial markets.
Yes I am one of those worshippers of less government intervention especially when it comes to the government forcing banks (private institutions) to give loans to people who they would never give loans to in the first place because 'the banks' knew they would not be able to pay those loans back! But the government who supposedly knew better, had to tell private institutions how to operate their business. BTW, who started the initial run on the banks??? I believe it was a democrat (someone who works for the government) who leaked information to the press back in September which started the run on a bank where thousands of innocent people lost their entire savings. "Less government and less politicians"
You are certainly entitled to your opinion, and that is just what it is your opinion as there is no basis in fact for your remarks above. You believe it was a democrat somewhere-who works for the govt. who leaked info which started the bank run
Stop the laughing - she is correct She just happens to live on the western side of the U.S. I'm on the eastern side, nearby this NY Demorat named Senator Chuck Shumer, Chucky The government Cheese Shumer. Who loves the lymelight of the media's lens so much that he pushes other people out of the way to get in front of a news camera. He shot off his mouth in one of those circumstances and started the first run on the midwestern bank by its patrons, scaring the sh** out of them with some of his privy info on banks.
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peacetrain:
Andy_Shofar:
peacetrain:
Mikemc:
Stuff like that goes on all the time and we never read about it. Instead, we have Democrats, most of whom are multimillionaires, telling everyone we'll go after the evil rich. :
Lol! Your logic is either nonexistent or shamelessly dishonest.
Hmmm, PeaceTrain, if you are indeed a college student, we would greatly appreciate you to write an article and/or paper displaying your logic. Please make sure that it is an original presentation. Please don't keep us waiting
You ought to read Roads to Dominion by Sarah Diamond, Mobilizing Resentment by Judith somebody, Chip and Berlet's book on right-wing populism to get started. Btw, why suggest I may not be a college student?! Very odd...
Have you read your profile lately? It says "Occupation: College Student" - is that true or is it a leftist lie?
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Philip Berg, Esq.: Remove Barack Obama From The Ballot
Related Info: http://www.americasright.com/ -
deKooningartist:
Whew! I take it you don't like her Moggy! I can't think of one person I would use that type of description towards except a few unrepentive 'terrorists' . Right now the democrates are trying to get a bill through that would allow the government to confiscate your 401k (your personal retirement plan). They want to take control of your personal funds and combine it with social security. Re-inacting the death tax would also mean that upon your death the government would be able to take half whereas now the entire amount goes to your survivors. What right does any government have to this money? This is what I am against. Politicians taking money that you have earned and invested for yourself and your family.
Morning ........i was being kind to her . She is a war criminal herself.....and kept dubious company also ( mind you the same could be said of pinnochet.
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The government would also mandate that each worker contribute 5% of their yearly salary to the accounts. Under current law, workers with 401(k) plans contribute to their retirement accounts and earn interest tax free. The Democrats' plan would end those tax breaks, amounting to as much as a 15% tax hike on each American worker.
and under the current plan what have those 401 K yielded? I don't have one but friends have told me there down 50% in 14 months. Ouch! I take the 15% tax loss. I think we need to really give Obama a chance and hear the whole story before we paraphrase a whole program. We do need something that protects the elderly from wall street greed..
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Yesterday the news is reporting (if you haven't figured this out, American news has been penetrated by foreign fraction and are reporting propaganda) The oil prices are free falling and this is a very bad thing.. Yes all product will drop in prices and than we will all start losing our jobs. Oh yea! Lower prices in gas mean all products will be able to lower their prices and you pay less. Very bad! So now OPEC (Bush killed off any opposers to the cartel that didn't listen to him) are meeting to shut the flow of oil down to drive gas prices up. I telling all of you this war was about killing off the leader of Iraq to gain contol over the flow of oil in the middle east and Bush and American oil companies have done it. Now only those who support oil manipulation are left . Right now a barrel of oil is down to where it was when we were paying 110 a gallon yet at the pumps it being held up to 275. With government needing money and putting taxes on gas there no incentive for our leaders to want cheaper prices because they make less. Vote McCain and Palin in and what see where gas prices land. back too. 4.89 a gal. Which the media will tell you it a good thing..to be broke and hungry and go nowhere but to work for "The man".
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[quote="Andy_Shofar"]
mustangsally10:
deKooningartist:
SurSteven:
mustangsally10:
This is for all you 'free market' worshipers of Reagan & Thatcher. Proponents of 'less government' intervension in financial markets.
Yes I am one of those worshippers of less government intervention especially when it comes to the government forcing banks (private institutions) to give loans to people who they would never give loans to in the first place because 'the banks' knew they would not be able to pay those loans back! But the government who supposedly knew better, had to tell private institutions how to operate their business. BTW, who started the initial run on the banks??? I believe it was a democrat (someone who works for the government) who leaked information to the press back in September which started the run on a bank where thousands of innocent people lost their entire savings. "Less government and less politicians"
You are certainly entitled to your opinion, and that is just what it is your opinion as there is no basis in fact for your remarks above. You believe it was a democrat somewhere-who works for the govt. who leaked info which started the bank run
Stop the laughing - she is correct She just happens to live on the western side of the U.S. I'm on the eastern side, nearby this NY Demorat named Senator Chuck Shumer, Chucky The government Cheese Shumer. Who loves the lymelight of the media's lens so much that he pushes other people out of the way to get in front of a news camera. He shot off his mouth in one of those circumstances and started the first run on the midwestern bank by its patrons, scaring the sh** out of them with some of his privy info on banks.
Guess it's best to leave the US citizens in the dark about our own money-right?
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You missed the point Mustang Sally. By him blabbing to the public it caused a run on the bank. There are instances like this all the time with banking institutions where the corporation is being sold and he was privy to this inside information. What he said 'caused' an 11 day run and the concurrent collapse which may not have happened if he would have kept his mouth shut and allowed the bank to recover which it was in the process of doing. It had no chance of recovering with a Schumer caused bank run!!!!!! All banks were having problems at this time. Years ago, the banks were forced by the government to give loans to people who wouldn't have qualified for a home loan because they didn't make enough money, they had a poor credit history and so on. When the mortgage rates increased, IndyMac as well as other banks suddenly had tons of loans by these same people who were now defaulting. When a corporation came in to buy IndyMac out, they look at the debt but also the assets (the people who had money in their accounts). After Schumer blabbed what was going on and caused people to withdraw their money (the assests) there was no reason for the Corporation to buy out IndyMac - there were no longer any large assets only debt! Maybe someone else could explain it better. But what he did caused the bank to go under. Why he did this, I can only guess! McCain at the time was leading in the poles. Democrates knew they would have to turn the subject away from foreign affairs where they are weak and onto the economy. Causing a financial crisis turned the election. That's just my opinion.
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WOW, you all are really grasping at straws Blaming a whistleblower for the financial mess. In fact the Bu$h administration has had many warnings for years about the problems with the subprime financial crisis. Chill , you all are going to love President Obama And now today the news that the Insurance Industry will take part in the bailout. We are now the USSA...and all accomplished under the repubs and BuSh Not very 'nice' what the repubs and bush have done to our country.
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In fact the Bu$h administration has had many warnings for years about the problems with the subprime financial crisis.
Mustang Sally, I do not think you understand how government works by your statement above. Nine different times the Bush Administration went to Congress and demanded that they take care of this mess to overt disaster. McCain, like it or not, and it is a matter of record predicted this on the floor of the Senate years ago. The Dems refused to listen. Maxine Waters, Chris Dodd, Barney Frank all stated "ON CAMERA" there was no upcoming crisis!!!!!!! Even in a recent interview on ABC, President Clinton admits to this. Clinton's direct quote: "resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac" REmember, 9 different times the Bush Administration asked the Democrates to take care of this and they refused. Another for your viewing - Maxine Waters, Barney Frank and others being shown what is happening and still stating "We do not have a problem!"
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I haven't been on this site in months but I can see you have a great discussion going on. I need to catch up on things before I make my own comments. I will say that I am a McCain/Palin supporter because I do not want my government running my life and telling me what I can and cannot do. I am for less government, not more.
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The rethugs had total control of the govt. for six years and bu$h is still pres and there is a divided senate. So who were the rethugs begging to take control of the problem? This is a total waste of time yours is a failed economic philosopy even Greenspan has admitted as much. I have better things to do. But if I see lies on this thread I will respond. As this is an international thread I feel some responsibility that citizens of other countries don't think all americans are war mongers with a disconnect to reality. Cheers A fantastic song by Seal "A Change IS Gonna Come"
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This is written by a "Card carrying Democrat" that sums it all up. The entire article is great and really points out what has occured in this country for those of you here in the U.S and living abroad.
By Orson Scott Card Editor?s note: Orson Scott Card is a Democrat and a newspaper columnist, and in this opinion piece he takes on both while lamenting the current state of journalism. October 20, 2008 An open letter to the local daily paper ? almost every local daily paper in America:I remember reading All the President?s Men and thinking: That?s journalism. You do what it takes to get the truth and you lay it before the public, because the public has a right to know. This housing crisis didn?t come out of nowhere. It was not a vague emanation of the evil Bush administration. It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans.
This was completely foreseeable and in fact many people did foresee it. One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules. The other party blocked every such attempt and tried to loosen them. Furthermore, Freddie Mac and Fannie Mae were making political contributions to the very members of Congress who were allowing them to make irresponsible loans.
Instead, it was Sen. Christopher Dodd and Congressman Barney Frank, both Democrats, who denied that there were any problems, who refused Bush administration requests to set up a regulatory agency to watch over Fannie Mae and Freddie Mac, and who were still pushing for these agencies to go even further in promoting subprime mortgage loans almost up to the minute they failed.
These are facts. This financial crisis was completely preventable. The party that blocked any attempt to prevent it was ? the Democratic Party. The party that tried to prevent it was ? the Republican Party. Yet when Nancy Pelosi accused the Bush administration and Republican deregulation of causing the crisis, you in the press did not hold her to account for her lie. Instead, you criticized Republicans who took offense at this lie and refused to vote for the bailout! What? It?s not the liar, but the victims of the lie who are to blame? Now let?s follow the money ? right to the presidential candidate who is the number two recipient of campaign contributions from Fannie Mae. And after Fred Raines, the CEO of Fannie Mae who made $90 million while running it into the ground, was fired for his incompetence, one presidential candidate?s campaign actually consulted him for advice on housing. If that presidential candidate had been John McCain, you would have called it a major scandal and we would be getting stories in your paper every day about how incompetent and corrupt he was. But instead, that candidate was Barack Obama, and so you have buried this story, and when the McCain campaign dared to call Raines an ?adviser? to the Obama campaign ? because that campaign had sought his advice ? you actually let Obama?s people get away with accusing McCain of lying, merely because Raines wasn?t listed as an official adviser to the Obama campaign. You would never tolerate such weasely nit-picking from a Republican.
It's a rather lengthy piece but worthwhile reading. Here is the link to his editorial: http://captainleadbottom.wordpress.com/2008/10/23/would-the-last-honest-reporter-please-turn-on-the-lights-rhinotimes-reprint/
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1...i think that the quote machine broke down! 2...i think that everyone should be paid well for their good and hard works! 3...i think that religion, economics and politics are far too and unnecessarily complex!
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SurSteven, you have reminded me of one of my favorite songs.... "Let it Be" I admire your passion Mustang Sally In the end it will all work out - it always does
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i Voted for Obama and I am so glad I did. love doris.
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deKooningartist:
You missed the point Mustang Sally. By him blabbing to the public it caused a run on the bank. There are instances like this all the time with banking institutions where the corporation is being sold and he was privy to this inside information. What he said 'caused' an 11 day run and the concurrent collapse which may not have happened if he would have kept his mouth shut and allowed the bank to recover which it was in the process of doing. It had no chance of recovering with a Schumer caused bank run!!!!!! Since when does a NY senator hold sway over people in California? He didn't cause the "run"..... : Please....in Texas they had more bank failures in 1989....they did not have the lines shown outside of IndyMac.... the FDIC was already moving in All banks were having problems at this time. Years ago, the banks were forced by the government to give loans to people who wouldn't have qualified for a home loan because they didn't make enough money, they had a poor credit history and so on. Not all banks were "having problems".....smaller commercial & savings banks are just fine. The government didn't force "banks to give loans to people".....have you not realized that Countrywide was not bank, not regulated in anyway, and didn't care about credit policy?? Look back and see how many Countrywide loans were no money down and companies cut from the same ilk. They were all companies, not banks, unregulated i When the mortgage rates increased, IndyMac as well as other banks suddenly had tons of loans by these same people who were now defaulting. When a corporation came in to buy IndyMac out, they look at the debt but also the assets (the people who had money in their accounts). After Schumer blabbed what was going on and caused people to withdraw their money (the assests) there was no reason for the Corporation to buy out IndyMac - there were no longer any large assets only debt! Loans ARE assets on a bank's balance sheet. Corporations cannot purchase a bank outright....it's against SEC regulations. Many banks did have mortgage backed securities (not the mortgages themselves) on their balance sheets. Those are the ones that cratered for the most part. Maybe someone else could explain it better. But what he did caused the bank to go under. Why he did this, I can only guess! McCain at the time was leading in the poles. Democrates knew they would have to turn the subject away from foreign affairs where they are weak and onto the economy. Causing a financial crisis turned the election. That's just my opinion.
IndyMac a podunk bank in California did not cause the economic problems.....neither did Schumer.... : That's just internet garbage flowing around... Bear Stearns, Merrill Lynch, Lehman Brothers, Morgan Stanley and Goldman Sachs were not commercial banks. Only after Bear Stearns tanked, Lehman cratered, and Merrill Lynch was bought did Morgan Stanley and Goldman Sachs apply to become commercial banks.
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I've been involved in politics on both sides of the isle for most of my adult life. The whole thing doesn't pass the smell test to me. There are idiots on both sides of the isle. To me it just seems odd that it all unraveled after his statement. I'm sure you are right and it's just happen stance. One thing that is important to me personally is the illegal immigration problem we have in the U.S. I went to Obama's site to see how he was going to do fulfill what he has stated pertaining to illegal immigration, but the page is currently blank? McCain's is detailed on how he plans to achieve what he has stated. Do you any of you know how Obama plans to implement his ideas and to what extent?
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My impression is that illegal immigration isn't on Obama's radar screen. tune into "lou dobbs" on cnn.....illegal immigration is at the top of his list.