Republican Senator Judd Gregg, who withdrew as Barack Obama’s Commerce Secretary, says Obama’s economic policies will bankrupt the country. But at the same time, he praises Obama’s policies for restoring the banking system to health. It’s not clear how these two contradictory opinions can be reconciled.
1 |
debutaunt Sun, Mar 22, 2009 11:17:56am |
Take a simple topic and muck it up - way to go Gregg!
| 2 |
rawmuse Sun, Mar 22, 2009 11:18:09am |
It means that the bankruptcy will be “managed” competently.
| 6 |
alegrias Sun, Mar 22, 2009 11:20:03am |
Charles,
Perhaps Senator Judd Gregg meant our economy can use a little chemotherapy, but NOT an overdose.
| 7 |
brookly red Sun, Mar 22, 2009 11:20:30am |
/Gee, a politician talking out of both sides of their face…
| 8 |
simonml Sun, Mar 22, 2009 11:20:43am |
Friend of mine says she is glad those AIG execs are getting punitively taxed. I asked her how she would feel if Obama taxed her bonus at work for political reasons. She couldn’t figure out how that was related at all.
*Sigh*
| 9 |
pink freud Sun, Mar 22, 2009 11:20:54am |
Reconciling opposing ideas is passe’ in the world of hope! and change!.
| 10 |
Sizzlack Sun, Mar 22, 2009 11:20:58am |
Never trust someone who has two first names for their name.
| 11 |
lifeofthemind Sun, Mar 22, 2009 11:23:01am |
Maybe that means that they are arranging for creditors to be protected in an orderly wind down. That is good for the Chinese, the Europeans, and Soros. Who can offload their paper onto future American generations at artificially inflated prices.
| 12 |
Last Mohican Sun, Mar 22, 2009 11:23:43am |
In order to further stimulate discussion on this thread, I’d like now to draw attention to this link that I posted earlier, which has now become “related to post”:
We’re printing too many dollars: growth of the U.S. monetary base since 1918.
| 13 |
gmsc Sun, Mar 22, 2009 11:23:50am |
re: #4 simonml
A bankrupt bank is a healthy bank?
It sure is, according to the FDIC, at least:
Community bank finds paranoid a smart bet
Joseph A. Petrucelli is one of the most cautious bankers in America.
In fact, Petrucelli is so cautious that the Federal Deposit Insurance Corp. recently criticized his bank for not lending enough.
The FDIC’s negative review of East Bridgewater Savings Bank’s loan volume is an anomaly in today’s current banking scene as lenders reel from their role in offering too many cruddy mortgage products to borrowers with weak credit.
Still, the FDIC slapped East Bridgewater Savings with a rare “needs to improve” rating after evaluating the bank under the Community Reinvestment Act.
From late 2003 through mid-2008, East Bridgewater Savings averaged 28 cents in loans for every dollar in deposit. The average loan-to-deposit ratio among similar size savings banks is more than 90 percent, FDIC data show.
FDIC Criticizes Massachusetts Bank With No Bad Loans for Being Too Cautious
A Massachusetts bank that has defied the odds and remained free of bad loans amid the economic crisis is now being criticized by the Federal Deposit Insurance Corp. for the cautious business practices that caused its rare success.
The secret behind East Bridgewater Savings Bank’s accomplishments is the careful approach of 62-year-old chief executive Joseph Petrucelli.
“We’re paranoid about credit quality,” he told the Boston Business Journal.
That paranoia has allowed East Bridgewater Savings Bank to stand out among a flurry a failing banks, with no delinquent loans or foreclosures on its books, the Journal reported. East Bridgewater Savings didn’t even need to set aside in money in 2008 for anticipated loan losses.
But rather than reward Petrucelli’s tactics, the FDIC recently criticized his bank for not lending enough, slapping it with a “needs to improve” rating under the Community Reinvestment Act, the Journal reported.
Bizarre
| 14 |
zombie Sun, Mar 22, 2009 11:24:35am |
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naaz
you the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
| 15 |
Killian Bundy Sun, Mar 22, 2009 11:24:55am |
The bank plan is designed to get the toxic assets off the bank balance sheets in the near term so the credit markets will unfreeze, a vital step if we’re ever going to climb out of this recession. The Obama budget is a behemoth plan for long term Federal spending that will more than triple the deficit and add many trillions to our national debt.
/it’s not inconsistent to praise one and scorn the other, they’re unrelated concepts, apples and oranges
| 16 |
gmsc Sun, Mar 22, 2009 11:25:33am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
I deny being the son of a baster! Although, I do admit my mom did some great glazing.
| 18 |
Boxy_brown Sun, Mar 22, 2009 11:25:35am |
Gregg Says Obama Will Bankrupt America
In related news: Water is wet!
Watch what happens to the dollars value when our debt is pushed over our GDP. It’s heartbreaking that our congress/dear leader can’t understand that spending much more money than you have coming in is not the way to create prosperity.
Yet Obama has the audacity to make mental retardation jokes..
| 19 |
alegrias Sun, Mar 22, 2009 11:25:46am |
I like that Senator Judd said the reason our country separated from England was they abused their taxing authority!
| 21 |
livefreeor die Sun, Mar 22, 2009 11:25:58am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
I didn’t know one could make a career out of basting. Boston Market must pay well.
| 22 |
pink freud Sun, Mar 22, 2009 11:26:08am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Wasn’t there a story about two lesbians and this very same thing a short while back …?
| 23 |
simonml Sun, Mar 22, 2009 11:26:12am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Sons of basters? Is that for basting small turkeys?
| 24 |
gmsc Sun, Mar 22, 2009 11:26:37am |
re: #21 livefreeor die
I didn’t know one could make a career out of basting. Boston Market must pay well.
Are you saying they’re master basters?
| 25 |
DEZes Sun, Mar 22, 2009 11:27:44am |
“you the sons of basters”
Anybody else ever see Johny Dangerously.
“You farging bastages”
| 26 |
Last Mohican Sun, Mar 22, 2009 11:27:48am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Well, he sure told us.
| 27 |
rawmuse Sun, Mar 22, 2009 11:27:49am |
This is why I am so glad that Obama is popular with the young people. They are the ones that will endure lives of servitude long after I am gone.
Sorry, kids, I did the best I could do to prevent all of this.
| 28 |
zombie Sun, Mar 22, 2009 11:28:03am |
My favorite part was, “ur father may be ur wife.”
Sure, he may be my wife. It’s our little secret.
| 29 |
FrogMarch Sun, Mar 22, 2009 11:28:21am |
OT: Here’s an idea. If the government can tax AIG bonus receivers at 90% - I want Jamie Gorelick and Franklin Raines (both made millions upon millions before Fannie and Freddie collapsed) to pay it back too.
If that’s what our government is all about now. why not go after the big fish?
Why stop at AIG? /
How about imposing a 90% tax on the income over $100,000 of some of the people who caused this mess? Perhaps not at the top of most lists, but fairly near the top, should be Christopher Dodd, Barney Frank, and the leaders of Fannie Mae, Freddie Mac, and ACORN.
| 30 |
Boxy_brown Sun, Mar 22, 2009 11:28:46am |
| 31 |
Vicious Babushka Sun, Mar 22, 2009 11:29:46am |
re: #14 zombie
you the sons of basters….
Turk E. Baster has sired the children of many lesbian couples and single mothers.
| 32 |
Killgore Trout Sun, Mar 22, 2009 11:29:51am |
3 Wood could probably explain Gregg’s comments better but I’ll take a stab at it…..
He’s saying that Geitner and the Federal Reserve are doing a good job at stabilizing the banking system. As far as I know they are responsible for lowering interest rates and the plan to buy up the toxic assets (bad bank loans) from the banks.
He criticizes Obama’s stimulus, which gave money to things other than the banks, and Obama’s budget.
I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.
| 33 |
keeping it simple Sun, Mar 22, 2009 11:30:14am |
re: #23 simonml
Sons of basters? Is that for basting small turkeys?
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
I speak better (Muslim language) than this guy speaks English and I don’t speak (Muslim language) at all. I suppose I should give him credit for trying. He sounds pretty crazy, though.
| 34 |
Bloodnok Sun, Mar 22, 2009 11:30:20am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Does Zombietime have rotating titles?
| 35 |
pink freud Sun, Mar 22, 2009 11:30:35am |
re: #14 zombie
They say that laughter increases your lifespan, zombie. As I imagine you facing your inbox everyday, it’s my guess that you’ll outlive most of us. :-)
| 36 |
Killgore Trout Sun, Mar 22, 2009 11:30:56am |
re: #15 Killian Bundy
The bank plan is designed to get the toxic assets off the bank balance sheets in the near term so the credit markets will unfreeze, a vital step if we’re ever going to climb out of this recession. The Obama budget is a behemoth plan for long term Federal spending that will more than triple the deficit and add many trillions to our national debt.
/it’s not inconsistent to praise one and scorn the other, they’re unrelated concepts, apples and oranges
That’s my take on it too.
| 37 |
livefreeor die Sun, Mar 22, 2009 11:31:23am |
re: #33 keeping it simple
I speak better (Muslim language) than this guy speaks English and I don’t speak (Muslim language) at all. I suppose I should give him credit for trying. He sounds pretty crazy, though.
Dirka, dirka. Muhummad jihad.
| 38 |
vagabond trader Sun, Mar 22, 2009 11:32:30am |
For crying out loud, can ANY of these so called legislators give a clear rundown on why the methods of the potus and his colleagues is going to run us all into poverty. Jeesh.
| 39 |
Sharmuta Sun, Mar 22, 2009 11:33:04am |
re: #32 Killgore Trout
3 Wood could probably explain Gregg’s comments better but I’ll take a stab at it…..
He’s saying that Geitner and the Federal Reserve are doing a good job at stabilizing the banking system. As far as I know they are responsible for lowering interest rates and the plan to buy up the toxic assets (bad bank loans) from the banks.He criticizes Obama’s stimulus, which gave money to things other than the banks, and Obama’s budget.
I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.
I don’t suspect he’s wrong about the budget at all. There is no one in DC who can stop Congress from spending whatever they want.
| 40 |
brookly red Sun, Mar 22, 2009 11:33:06am |
re: #33 keeping it simple
I speak better (Muslim language) than this guy speaks English and I don’t speak (Muslim language) at all. I suppose I should give him credit for trying. He sounds pretty crazy, though.
/I dunno, it sounded like a Jersey City accent to me…
| 41 |
Harry Tuttle Sun, Mar 22, 2009 11:33:36am |
…It’s not clear how these two contradictory opinions can be reconciled.
How about he is a lying politician.
| 42 |
Desert Dog Sun, Mar 22, 2009 11:33:43am |
re: #25 DEZes
“you the sons of basters”
Anybody else ever see Johny Dangerously.
“You farging bastages”
Roman Maroni quotes:
“Why you miserable cork-soaker!”
“This is fargin war!”
“You fargin sneaky bastage. I’m gonna take your dwork. I’m gonna nail it to the wall. I’m gonna crush your boils in a meat grinder. I’m gonna cut off your arms. I’m gonna shove ‘em up your icehole. Dirty son-a-ma-batches. My own club!”
My fav Johnny Dangerously quote:
Johnny Dangerously: “The name’s Dangerously. Johnny Dangerously.”
Lil: “Did you know you’re last name is an adverb?”
| 43 |
livefreeor die Sun, Mar 22, 2009 11:33:54am |
re: #38 vagabond trader
For crying out loud, can ANY of these so called legislators give a clear rundown on why the methods of the potus and his colleagues is going to run us all into poverty. Jeesh.
Interestingly, we asked our 13 year old and 11 year old sons what would happen, according to supply and demand, if the US prints more dollars. They both responded quickly that the value of the dollar would go down.
From the mouths of babes…
| 44 |
Last Mohican Sun, Mar 22, 2009 11:34:00am |
Here’s another graph, showing how much new money is already being printed, pre-stimulus
Any economists out there who can help me understand this, please chime in.
| 45 |
Racer X Sun, Mar 22, 2009 11:34:39am |
I like what Sen. Gregg says. I agree with about 80%. We have to stabilize the banking system. We have to show confidence in the system - which may explain why he hasn’t called for Geitner’s head.
| 46 |
zombie Sun, Mar 22, 2009 11:34:54am |
re: #35 pink freud
They say that laughter increases your lifespan, zombie. As I imagine you facing your inbox everyday, it’s my guess that you’ll outlive most of us. :-)
Yes, laughter increases one’s lifespan, but only half my emails are like that. The other half are like this:
“From: r. javed
Subject: fuck you drower
fuck you dont drow muhammeds pictures. if i can see you I will kill you son of bitch.”
I guess the fear and the laughter about even each other out.
| 47 |
lifeofthemind Sun, Mar 22, 2009 11:35:13am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Lawyer: I rest my case.
Judge: Get your feet off my desk
Lawyer: Your Honor I appeal to you.
Judge: No you don’t
If that doesn’t convince people I can’t imagine what will.
Seriously we should confront and challenge their prejudices as forcefully as they think they are confronting ours. Give the guy credit for being serious and trying to explain something he is convinced of. We should give him equal respect and assert what we really believe. to them directly and consistently.
| 48 |
mfarmer1 Sun, Mar 22, 2009 11:35:40am |
Too bad he didn’t accept the post offered by Obama, as Gregg is a perfect fit for the current administration. Imagine the joy of watching him for hours and hours testifying before Congress clarifying the whole economic mess. Goose bumps.
| 49 |
alegrias Sun, Mar 22, 2009 11:35:57am |
re: #38 vagabond trader
For crying out loud, can ANY of these so called legislators give a clear rundown on why the methods of the potus and his colleagues is going to run us all into poverty. Jeesh.
** * * *
Not anymore than clairvoyant politicians 30 or 40 years ago could have foreseen much less explained to the mass of Americans & Joe and Jane Doe how President Johnson’s Great Society and Carter’s Community (organizers) Reinvestment Act and Clinton’s dealings were going to cause the current meltdown.
| 50 |
Desert Dog Sun, Mar 22, 2009 11:35:57am |
re: #32 Killgore Trout
3 Wood could probably explain Gregg’s comments better but I’ll take a stab at it…..
He’s saying that Geitner and the Federal Reserve are doing a good job at stabilizing the banking system. As far as I know they are responsible for lowering interest rates and the plan to buy up the toxic assets (bad bank loans) from the banks.He criticizes Obama’s stimulus, which gave money to things other than the banks, and Obama’s budget.
I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.
Waaaaay overblown (Obama’s budget, not Gregg’s assessment)
| 52 |
zombie Sun, Mar 22, 2009 11:36:20am |
re: #40 brookly red
/I dunno, it sounded like a Jersey City accent to me…
Just traced his IP to Bangalore, India.
| 53 |
DEZes Sun, Mar 22, 2009 11:36:28am |
| 54 |
jaunte Sun, Mar 22, 2009 11:36:33am |
re: #46 zombie
I always wondered how they can tell it’s really a picture of Mohammed and not someone else.
| 55 |
VegasRick Sun, Mar 22, 2009 11:36:42am |
re: #46 zombie
Yes, laughter increases one’s lifespan, but only half my emails are like that. The other half are like this:
“From: r. javed
Subject: fuck you drowerfuck you dont drow muhammeds pictures. if i can see you I will kill you son of bitch.”
I guess the fear and the laughter about even each other out.
You had BETTER not drow any pictures of us basters!
| 56 |
Racer X Sun, Mar 22, 2009 11:37:36am |
re: #44 Last Mohican
Here’s another graph, showing how much new money is already being printed, pre-stimulus
Any economists out there who can help me understand this, please chime in.
I’m not an economist - but anyone who looks at that chart can see - INFLATION is coming hard and fast.
| 57 |
pink freud Sun, Mar 22, 2009 11:37:40am |
re: #46 zombie
Yes, laughter increases one’s lifespan, but only half my emails are like that. The other half are like this:
“From: r. javed
Subject: fuck you drowerfuck you dont drow muhammeds pictures. if i can see you I will kill you son of bitch.”
I guess the fear and the laughter about even each other out.
Ouch.
Long live the undead!
| 58 |
Boxy_brown Sun, Mar 22, 2009 11:38:01am |
re: #44 Last Mohican
Any economists out there who can help me understand this, please chime in.
I didn’t finish my MBA but what it says is: “We’re Screwed”.
| 59 |
Last Mohican Sun, Mar 22, 2009 11:38:16am |
re: #46 zombie
“From: r. javed
Subject: fuck you drowerfuck you dont drow muhammeds pictures. if i can see you I will kill you son of bitch.”
Zombie, in case you haven’t had the pleasure of visiting New York City lately, you have now at least had the pleasure of meeting one of its friendly taxi drivers.
| 60 |
lifeofthemind Sun, Mar 22, 2009 11:38:21am |
re: #44 Last Mohican
Here’s another graph, showing how much new money is already being printed, pre-stimulus
Any economists out there who can help me understand this, please chime in.
Sure
Letting the money supply contract is a bad idea, huge spikes are also a bad idea but the ones done to fight WW-II were acceptable under the circumstances. A steady 2-3% growth rate is probably a good thing in peacetime.
| 61 |
alegrias Sun, Mar 22, 2009 11:38:28am |
re: #41 Harry Tuttle
How about he is a lying politician.
* * *
If you knew anything, you’d know Senator Judd Gregg is one of the most honest & honorable politicians in Congress. And Gregg had enough guts to say NO to Obama, after the initial flattery of being “bipartisan” enough to join Obama’s administration wore off.
| 63 |
Killian Bundy Sun, Mar 22, 2009 11:39:07am |
re: #32 Killgore Trout
I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.
A New Era of Responsibility
Renewing America’s Promise
/more than ten times scarier than Bram Stoker’s Dracula in less than one third the pages
| 64 |
pink freud Sun, Mar 22, 2009 11:39:08am |
re: #44 Last Mohican
Here’s another graph, showing how much new money is already being printed, pre-stimulus
Any economists out there who can help me understand this, please chime in.
I understand that that hefty looking spike way over there to the right is substantial enough to impale all of us.
| 65 |
rawmuse Sun, Mar 22, 2009 11:39:20am |
The “Stimulus” budget is no such thing. If it were a domestic stimulus package, all of the money would be, at the very least, staying within the boundaries of the United States. (see 900 million to Hamas, among others)re: #56 Racer X
I’m not an economist - but anyone who looks at that chart can see - INFLATION is coming hard and fast.
That will be the only way out of this mess, sadly.
| 66 |
brookly red Sun, Mar 22, 2009 11:39:30am |
| 67 |
lifeofthemind Sun, Mar 22, 2009 11:39:33am |
re: #59 Last Mohican
Zombie, in case you haven’t had the pleasure of visiting New York City lately, you have now at least had the pleasure of meeting one of its friendly taxi drivers.
Benefit of economic contraction, most cab drivers are friendlier.
| 68 |
jhrhv Sun, Mar 22, 2009 11:39:35am |
King Crimson › Epitaph
The fate of all mankind I see
Is in the hands of fools.
| 69 |
Racer X Sun, Mar 22, 2009 11:39:45am |
re: #60 lifeofthemind
You may have missed the HUGE spike to the right.
| 70 |
Last Mohican Sun, Mar 22, 2009 11:39:53am |
re: #60 lifeofthemind
Sure
Letting the money supply contract is a bad idea, huge spikes are also a bad idea but the ones done to fight WW-II were acceptable under the circumstances. A steady 2-3% growth rate is probably a good thing in peacetime.
So is there any way we’ll pull through this unprecedented creation of dollars without very severe inflation?
| 71 |
Desert Dog Sun, Mar 22, 2009 11:39:58am |
re: #51 DEZes
So you did see it. ;)
I love that movie.
The scene where Danny Vermin parks in the handicapped zone and his henchman tells him he can’t park there because it’s a handicapped spot. Then, Vermin tells him, “I am handicapped, I’m psychotic” and pulls out that placard with a guy with a crazy face on it…
My kids like that movie too. We share the same sense of humor.
| 72 |
livefreeor die Sun, Mar 22, 2009 11:40:08am |
I would love to know where 0 has his money parked right now. There’s no way he’d let his own financial interests take a beating.
| 73 |
rawmuse Sun, Mar 22, 2009 11:40:16am |
re: #67 lifeofthemind
Benefit of economic contraction, most cab drivers are friendlier.
And the hookers are better looking :)
| 75 |
Macker Sun, Mar 22, 2009 11:41:05am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Good thing these guys aren’t Toasters!
| 76 |
Kosh's Shadow Sun, Mar 22, 2009 11:41:20am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
I hope this guy is as capable at handling weapons and bombs as he is in writing. Another work accident in the making.
| 77 |
lifeofthemind Sun, Mar 22, 2009 11:41:34am |
| 78 |
brookly red Sun, Mar 22, 2009 11:41:43am |
re: #72 livefreeor die
I would love to know where 0 has his money parked right now. There’s no way he’d let his own financial interests take a beating.
/in our pockets?
| 79 |
gmsc Sun, Mar 22, 2009 11:41:51am |
re: #72 livefreeor die
I would love to know where 0 has his money parked right now. There’s no way he’d let his own financial interests take a beating.
According to the papers, he has it in the Final Four.
| 80 |
DEZes Sun, Mar 22, 2009 11:41:52am |
re: #71 Desert Dog
Its in my DVD collection.
Its n88 Magnum. ;)
| 81 |
Desert Dog Sun, Mar 22, 2009 11:41:56am |
re: #70 Last Mohican
So is there any way we’ll pull through this unprecedented creation of dollars without very severe inflation?
The government could install price controls….that would be a “great” combo to printing up trillons of new dollars….NOT
We will soon be asking the counsel of the Zimbabwean government on how to handle inflation.
| 82 |
vagabond trader Sun, Mar 22, 2009 11:41:59am |
Yeah, I can hardly wait for double digit inflation, right up there with interest rates and unemployment. Never thought I would have to relive the 70s.Heh, maybe the oil ticks will throw in an embargo for nostalgia. Most young lizards don’t remember the “good ole days;” well buckle up kids!
| 83 |
gmsc Sun, Mar 22, 2009 11:42:36am |
re: #82 vagabond trader
Yeah, I can hardly wait for double digit inflation, right up there with interest rates and unemployment. Never thought I would have to relive the 70s.Heh, maybe the oil ticks will throw in an embargo for nostalgia. Most young lizards don’t remember the “good ole days;” well buckle up kids!
You think it will stay limited to only double digits?
| 84 |
livefreeor die Sun, Mar 22, 2009 11:42:42am |
re: #79 gmsc
According to the papers, he has it in the Final Four.
Well, then his retirement is toast, just like the rest of us peons, based on how poorly his bracket is apparently doing.
| 85 |
Erik The Red Sun, Mar 22, 2009 11:42:58am |
re: #82 vagabond trader
Yeah, I can hardly wait for double digit inflation, right up there with interest rates and unemployment. Never thought I would have to relive the 70s.Heh, maybe the oil ticks will throw in an embargo for nostalgia. Most young lizards don’t remember the “good ole days;” well buckle up kids!
Hey at least disco is dead////
| 86 |
keeping it simple Sun, Mar 22, 2009 11:44:02am |
re: #52 zombie
Just traced his IP to Bangalore, India.
Ah! Now I know why he sounds so familiar. He’s probably the guy who helped crash my computer during a customer service call last year.
| 87 |
Harry Tuttle Sun, Mar 22, 2009 11:44:12am |
re: #61 alegrias
* * *
If you knew anything, you’d know Senator Judd Gregg is one of the most honest & honorable politicians in Congress. And Gregg had enough guts to say NO to Obama, after the initial flattery of being “bipartisan” enough to join Obama’s administration wore off.
“one of the most honest honorable politicians in Congress”
What can I say after that.
Dude Im jaded, none of those F’s is innocent.
| 88 |
pink freud Sun, Mar 22, 2009 11:44:16am |
re: #82 vagabond trader
Yeah, I can hardly wait for double digit inflation, right up there with interest rates and unemployment. Never thought I would have to relive the 70s.Heh, maybe the oil ticks will throw in an embargo for nostalgia. Most young lizards don’t remember the “good ole days;” well buckle up kids!
A healthy does of reality for Those Who Believe in Unicorns is in order.
| 89 |
gmsc Sun, Mar 22, 2009 11:44:29am |
Comandante Obama
The president has made America look like a banana republic.
“But you don’t understand,” the Colombian said. “We’ve seen this before.”
“He’s right, my good friend,” the Cuban said. “We Latin Americans know the pattern. Believe me we do.”
The American tried to shrug off the Latin Americans’ warning. To his consternation, he found that he couldn’t. Peron, Fidel, now Chavez, they insisted. The emergence of misrule, corruption and economic stagnation in Latin American nations follows a particular sequence or progression. Now the sequence was unfolding in the United States.
“It starts with a cult of personality,” the Cuban explained. “One man declares himself the jefe, the caudillo, the big leader.”
Had Obama attempted to instigate something like a cult of personality? The American found the charge impossible to refute. During the campaign, Obama had failed to advance a genuine agenda, instead campaigning on “hope” and “change.” In effect, he had asked Americans to turn the nation over to him on blind faith. He would, he promised, transcend racial and partisan divides in his very person.
| 90 |
Last Mohican Sun, Mar 22, 2009 11:44:55am |
| 91 |
alegrias Sun, Mar 22, 2009 11:45:11am |
re: #62 pat
Still trying to throw complements to the enemy.
* * * *
Calling the President “enemy” is not helpful.
President Obama is the victor if you respect other Americans’ votes.
| 92 |
USCMSNE Sun, Mar 22, 2009 11:45:16am |
I’m tired of politicians and pundits beating around the bush with their criticisms of Obama. Buffet, Welch, Gregg, they’re all the same. They all are on record to some degree of claiming the Obamas policies will bankrupt the country but then they dilute their criticisms with some degree of “But Obama is doing a great job!” Take a stand, nitwits!
| 93 |
Syrah Sun, Mar 22, 2009 11:45:18am |
It’s not clear how these two contradictory opinions can be reconciled.
Its an example of the kind of thinking that made the Republican Party get trounced so thoroughly after they had won both houses in congress and the presidency. Gregg is expressing how he is in favor of spending great heaping gobs of money like there is no tomorrow, just not as aggressively as Obama is doing it. His is not a philosophical disagreement with Obama so much as it is one of degree.
| 94 |
Macker Sun, Mar 22, 2009 11:46:00am |
re: #53 DEZes
Listen closely to this conversation….
| 95 |
Killian Bundy Sun, Mar 22, 2009 11:46:04am |
Obama’s budget calls for socialized medicine and cap and trade.
/that’s gloom and doom right there
| 96 |
Harry Tuttle Sun, Mar 22, 2009 11:46:43am |
re: #92 USCMSNE
I’m tired of politicians and pundits beating around the bush with their criticisms of Obama. Buffet, Welch, Gregg, they’re all the same. They all are on record to some degree of claiming the Obamas policies will bankrupt the country but then they dilute their criticisms with some degree of “But Obama is doing a great job!” Take a stand, nitwits!
The pork shall set U free!
| 97 |
callahan23 Sun, Mar 22, 2009 11:46:52am |
re: #82 vagabond trader
Yeah, I can hardly wait for double digit inflation, right up there with interest rates and unemployment. Never thought I would have to relive the 70s.Heh, maybe the oil ticks will throw in an embargo for nostalgia. Most young lizards don’t remember the “good ole days;” well buckle up kids!
Well I for one do remember very well the Sundays without traffic here in Germany. We took a walk right on the autobahn.
Definitely don’t want those times back.
Gotta hurry lunch is ready. BBIAB
| 98 |
Macker Sun, Mar 22, 2009 11:47:08am |
re: #85 Erik The Red
Hey at least disco is dead////
Hey I’d rather listen to Disco than the corporate shit they spew forth from the Top 40 stations these days!
| 99 |
CapeCoddah Sun, Mar 22, 2009 11:47:36am |
re: #14 zombie
Just arrived moments ago in the Mohammed Image Archive in-box:
“Date: Sun, 22 Mar 2009 08:11:28 -0700 (PDT)
From: riyaad naazyou the sons of basters…..cant you people think that he is the messanger of almighty allah….why you people thiks others like you…you may befucking ur mother, sisters, and ur father may be ur wife…..just come out of these thngs untill it will be too late.”
Wow, this moron is one hell of a wordsmith, Zombie. You gotta love that stuff.
Again, please be careful.
| 100 |
zombie Sun, Mar 22, 2009 11:48:12am |
I still think this remains my all-time favorite Mo email that I ever received:
——————————————
“From: Saber K. (France)
You are really funny with your democracy you sun of whores
As you want to spread your democracy over the world
can you start talking about the jews religion and all it’s sublime teaching have you ever had a look what the jews are beleiving, you will not have the courage sun of bitch!
Can you start talking about the jews holocauste and how the jews refused to get out from german after a hitler proposal and accepted to be killed in order to make the whole world guilty and give them palestine
Show all this the world your democracy and free speech you are enjoying, the jews will kick your ass son of pig
Are you able to seach and discuss why the the sattelites in the orbists in the scandinavian countries have a jews name ! Can you show this reality to all the world son of bitch, son of pig
You know what you are doing of course, these are orders from the grand lodges !
The jews are known by their hypocracy and hate towards all faith and they use their monopoly in europe and the world to transmit these stupidities
Can you show to your reader why the american (sorry) (the masons controlling america) in the world war 2 selected NAGAZAKI in japan to kill hundred of thousand of innocent people, it’s not because they have gun factories there, but IT’S THE BIGGEST AND BOOMING CHRISTIAN COMMUNITY IN ASIA …this what the jews wanted
Can you show all this to your readers,,,,,,,,,, hola democracy! “
| 101 |
Erik The Red Sun, Mar 22, 2009 11:48:18am |
re: #90 Last Mohican
And the video games are much better.
Can Pong be called a video game? Christmas of 74 or 75. Never forget that brown box.
| 102 |
CapeCoddah Sun, Mar 22, 2009 11:48:33am |
Chavez is taking over seaports and airstrips.
[Link: www.foxnews.com…]
| 103 |
Dustyvet Sun, Mar 22, 2009 11:48:35am |
re: #96 Harry Tuttle
The pork shall set U free!
And the Congress Critters are sure doing their best in seeing that we can all:
JUST GET PORKED!
/s
| 104 |
opinionated Sun, Mar 22, 2009 11:48:40am |
Obama sycophant Frank Rich also issues a warning:
A CHARMING visit with Jay Leno won’t fix it. A 90 percent tax on bankers’ bonuses won’t fix it. Firing Timothy Geithner won’t fix it. Unless and until Barack Obama addresses the full depth of Americans’ anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., in a letter to the editor published by The Times last week: “President Obama may not realize it yet, but his Katrina moment has arrived.”
[Link: www.nytimes.com…]
WOW. It must be worse then we thought predicted.
| 105 |
vagabond trader Sun, Mar 22, 2009 11:48:56am |
re: #100 zombie
I fear for any innocent animals these guys come in contact with.
| 106 |
brookly red Sun, Mar 22, 2009 11:49:08am |
re: #98 Macker
Hey I’d rather listen to Disco than the corporate shit they spew forth from the Top 40 stations these days!
Well, just be glad that radios still have off switches…
| 107 |
Erik The Red Sun, Mar 22, 2009 11:49:19am |
re: #92 USCMSNE
I’m tired of politicians and pundits beating around the bush with their criticisms of Obama. Buffet, Welch, Gregg, they’re all the same. They all are on record to some degree of claiming the Obamas policies will bankrupt the country but then they dilute their criticisms with some degree of “But Obama is doing a great job!” Take a stand, nitwits!
Everyone is to scared of being called a racist.
| 109 |
Desert Dog Sun, Mar 22, 2009 11:50:28am |
re: #100 zombie
I still think this remains my all-time favorite Mo email that I ever received:
——————————————
“From: Saber K. (France)
You are really funny with your democracy you sun of whores
As you want to spread your democracy over the world
can you start talking about the jews religion and all it’s sublime teaching have you ever had a look what the jews are beleiving, you will not have the courage sun of bitch!
Can you start talking about the jews holocauste and how the jews refused to get out from german after a hitler proposal and accepted to be killed in order to make the whole world guilty and give them palestine
Show all this the world your democracy and free speech you are enjoying, the jews will kick your ass son of pig
Are you able to seach and discuss why the the sattelites in the orbists in the scandinavian countries have a jews name ! Can you show this reality to all the world son of bitch, son of pig
You know what you are doing of course, these are orders from the grand lodges !
The jews are known by their hypocracy and hate towards all faith and they use their monopoly in europe and the world to transmit these stupidities
Can you show to your reader why the american (sorry) (the masons controlling america) in the world war 2 selected NAGAZAKI in japan to kill hundred of thousand of innocent people, it’s not because they have gun factories there, but IT’S THE BIGGEST AND BOOMING CHRISTIAN COMMUNITY IN ASIA …this what the jews wanted
Can you show all this to your readers,,,,,,,,,, hola democracy! “
Obviously, an educated man….in Europe, perhaps?
| 110 |
livefreeor die Sun, Mar 22, 2009 11:50:47am |
re: #100 zombie
Wow. The “best” part is where this intellectual accuses the Jewish people of “hate towards all faith”. Because I’m sure he is sooo tolerant of other faiths.
| 111 |
zombie Sun, Mar 22, 2009 11:50:54am |
And this one is a close second:
——————————
“From: Mehmet Serhat A. (Turkey)
Subject: Shame On You
Shame on You!!!! Shame On You!!!! Is it your contemporaneousness???!!! We respect all prophets of religions. Glorious Moses, Jesus, Jacop, Elijah, Joseph, David (Dawud), Salamon (as I know it is written as Jedidiah in the Bible) etc.
…Shame On You!!!!…Mercy!!!!! “
| 112 |
Desert Dog Sun, Mar 22, 2009 11:51:27am |
re: #107 Erik The Red
Everyone is to scared of being called a racist.
Obama has his race card attached to his sleeve for all to see.
| 113 |
vagabond trader Sun, Mar 22, 2009 11:51:37am |
re: #107 Erik The Red
Or being smeared, as the Governor of South Carolina has discovered.
| 114 |
astronmr20 Sun, Mar 22, 2009 11:51:48am |
re: #1 debutaunt
Take a simple topic and muck it up - way to go Gregg!
How does that muck it up? TARP is separate allocation with separate goals. It’s a one-shot deal.
He’s referring to the ongoing legislation in the farce “stimulus” bill that will bankrupt this nation entirely.
| 115 |
albusteve Sun, Mar 22, 2009 11:52:20am |
racist
conservative
patriot
bigot
fascist
they all have new meanings now
| 116 |
logboy Sun, Mar 22, 2009 11:52:29am |
It’s not clear how these two contradictory opinions can be reconciled.
I think thats like “we’re lost, but we’re making great time.”
| 117 |
Harry Tuttle Sun, Mar 22, 2009 11:52:32am |
All this and we are just a tad over 4% into the Obama first term.
Man are we fucked.
| 118 |
Desert Dog Sun, Mar 22, 2009 11:52:32am |
re: #111 zombie
And this one is a close second:
——————————
“From: Mehmet Serhat A. (Turkey)
Subject: Shame On YouShame on You! Shame On You! Is it your contemporaneousness?! We respect all prophets of religions. Glorious Moses, Jesus, Jacop, Elijah, Joseph, David (Dawud), Salamon (as I know it is written as Jedidiah in the Bible) etc.
…Shame On You!…Mercy! “
You are so contemporaneousnes, Zombie….it must hurt
| 119 |
Erik The Red Sun, Mar 22, 2009 11:52:52am |
re: #100 zombie
I still think this remains my all-time favorite Mo email that I ever received:
——————————————
“From: Saber K. (France)
You are really funny with your democracy you sun of whores
As you want to spread your democracy over the world
can you start talking about the jews religion and all it’s sublime teaching have you ever had a look what the jews are beleiving, you will not have the courage sun of bitch!
Can you start talking about the jews holocauste and how the jews refused to get out from german after a hitler proposal and accepted to be killed in order to make the whole world guilty and give them palestine
Show all this the world your democracy and free speech you are enjoying, the jews will kick your ass son of pig
Are you able to seach and discuss why the the sattelites in the orbists in the scandinavian countries have a jews name ! Can you show this reality to all the world son of bitch, son of pig
You know what you are doing of course, these are orders from the grand lodges !
The jews are known by their hypocracy and hate towards all faith and they use their monopoly in europe and the world to transmit these stupidities
Can you show to your reader why the american (sorry) (the masons controlling america) in the world war 2 selected NAGAZAKI in japan to kill hundred of thousand of innocent people, it’s not because they have gun factories there, but IT’S THE BIGGEST AND BOOMING CHRISTIAN COMMUNITY IN ASIA …this what the jews wanted
Can you show all this to your readers,,,,,,,,,, hola democracy! “
Do these fuckwits not have spell check?
| 122 |
livefreeor die Sun, Mar 22, 2009 11:53:35am |
re: #119 Erik The Red
Do these fuckwits not have spell check?
Spell check is a tool of the infidels. There is nothing in the Koran allowing for spell check.
| 123 |
FrogMarch Sun, Mar 22, 2009 11:54:09am |
re: #95 Killian Bundy
Obama’s budget calls for socialized medicine and cap and trade.
/that’s gloom and doom right there
and raising taxes - a recipe for economic disaster.
| 125 |
Desert Dog Sun, Mar 22, 2009 11:54:20am |
re: #122 livefreeor die
Spell check is a tool of the infidels. There is nothing in the Koran allowing for spell check.
DEATH TO THE SPELL CHECK!
| 126 |
CapeCoddah Sun, Mar 22, 2009 11:54:22am |
re: #119 Erik The Red
Do these fuckwits not have spell check?
Not sure spell check would help much. Unfortunately, there is no such thing as a moron check, though such a feature appears to be sorely needed.
| 127 |
whiterasta Sun, Mar 22, 2009 11:54:32am |
re: #111 zombie
I’ll bet dude there has a degree in stylistics form the University of palestine.
| 128 |
itellu3times Sun, Mar 22, 2009 11:54:38am |
re: #32 Killgore Trout
3He’s saying that Geitner and the Federal Reserve are doing a good job at stabilizing the banking system. As far as I know they are responsible for lowering interest rates and the plan to buy up the toxic assets (bad bank loans) from the banks.
He criticizes Obama’s stimulus, which gave money to things other than the banks, and Obama’s budget.
I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.
That’s it, I assume.
When the feds give banks money, and the banks hide it in a vault just so their reserves are now legal (and are only illegal because of the mark to market rule), then no harm is done. Presuming, that is, that the money is repaid when (and if) the old reserves regain their value. Doesn’t much matter if the feds get that money by borrowing or printing it, especially if the banks pay interest on the “loans”.
As soon as you try these tricks, either borrowing or printing, to spend on bridges or health care, you have an entirely different situation.
(or, btw, if the money is given out in bonuses - anything that gets the loans out of the vaults, is hazardous, other than its use as reserves for normal lending.)
(where it gets complicated is when the feds start whining about the fact that nobody wants to buy collateralized credit card obligations about now)
| 129 |
opnion Sun, Mar 22, 2009 11:54:45am |
An Obama Economic Advisor was on FNC this morning, the red haired, rather portly woman. She was encouraging institutions not taking TARP money to cooperate with the government.
Later Charlie Rangle comes on & says he would not rule out 90% tax on bonuses even for institutions not taking bail out money!
Comrades, welcome to the Peoples Republic.
| 130 |
Racer X Sun, Mar 22, 2009 11:55:24am |
I have been thinking about the whole “who’s to blame” thing (yes, it does matter). It breaks down into two categories:
1. Democrats wrote legislation that promoted and encouraged lenders to make high risk loans. Democrats enacted policies that PUNISHED lenders who did not meet their high risk loan quota.
2. Republicans did not do enough to put checks and balances in place to keep this system from getting out of control (like it now has). Any Republican politician who questioned these practices was called a greedy capitalist, or in some cases was flat-out called a racist.
Anyone who says both parties are to blame is ignoring the facts.
| 131 |
gmsc Sun, Mar 22, 2009 11:55:25am |
re: #122 livefreeor die
Spell check is a tool of the infidels. There is nothing in the Koran allowing for spell check.
… nor in the Qur’an, the Coran, the Quran …
| 132 |
CapeCoddah Sun, Mar 22, 2009 11:55:39am |
re: #129 opnion
An Obama Economic Advisor was on FNC this morning, the red haired, rather portly woman. She was encouraging institutions not taking TARP money to cooperate with the government.
Later Charlie Rangle comes on & says he would not rule out 90% tax on bonuses even for institutions not taking bail out money!
Comrades, welcome to the Peoples Republic.
Saw that one coming.
| 133 |
lifeofthemind Sun, Mar 22, 2009 11:55:39am |
Maybe we can conflate all themes here and get the anti-Semite Chavez to seize the port in Nagasaki so the big lizard will be inspired to climb out of the ocean depths and eat his birth certificate.
A Hat Trick!
| 134 |
Macker Sun, Mar 22, 2009 11:56:03am |
re: #129 opnion
To which said bonus-earners will say “Why the F**k should I work my a** off if Congress will Tax the s**t out of me!”
| 135 |
FrogMarch Sun, Mar 22, 2009 11:56:03am |
re: #74 gmsc
Those are well done. Not mentioned, however, is how the left-wing political class, namely Barney Frank - pushed for risky loans. Our own government had a huge hand in the credit crisis.
| 136 |
Desert Dog Sun, Mar 22, 2009 11:56:40am |
re: #129 opnion
An Obama Economic Advisor was on FNC this morning, the red haired, rather portly woman. She was encouraging institutions not taking TARP money to cooperate with the government.
Later Charlie Rangle comes on & says he would not rule out 90% tax on bonuses even for institutions not taking bail out money!
Comrades, welcome to the Peoples Republic.
What is very scary about all of this is that Rangell is deadly serious when he said that.
| 137 |
Kosh's Shadow Sun, Mar 22, 2009 11:56:43am |
re: #112 Desert Dog
Obama has his race card attached to his sleeve for all to see.
I remember his speech on racism, in which he played several decks of race cards, while telling us not to use racism.
That was when I decided he wasn’t just another lousy candidate, but someone dangerous.
| 138 |
lifeofthemind Sun, Mar 22, 2009 11:56:56am |
re: #135 FrogMarch
Those are well done. Not mentioned, however, is how the left-wing political class, namely Barney Frank - pushed for risky loans. Our own government had a huge hand in the credit crisis.
I refuse to put a hand in Barney Frank’s crisis.
| 140 |
livefreeor die Sun, Mar 22, 2009 11:57:04am |
re: #135 FrogMarch
Those are well done. Not mentioned, however, is how the left-wing political class, namely Barney Frank - pushed for risky loans. Our own government had a huge hand in the credit crisis.
Is it just me or does Barney Frank remind people of Sylvester the Cat?
| 141 |
whiterasta Sun, Mar 22, 2009 11:57:04am |
re: #134 Macker
Look at what has happened to the place we used to call Great Britain to see the answer…….
| 142 |
lifeofthemind Sun, Mar 22, 2009 11:57:31am |
re: #140 livefreeor die
Is it just me or does Barney Frank remind people of Sylvester the Cat?
Sylvester dressed better.
| 143 |
vagabond trader Sun, Mar 22, 2009 11:57:44am |
re: #140 livefreeor die
Come on, leave the cat alone. He means well.
| 144 |
MarineMomSue Sun, Mar 22, 2009 11:58:07am |
re: #49 alegrias
but… but… but.. that would mean that George W Bush didn’t cause this mess. That can’t be right, can it?
/
| 145 |
Macker Sun, Mar 22, 2009 11:58:11am |
re: #138 lifeofthemind
I hate to think if he’s a pitcher or catcher.
| 146 |
Dustyvet Sun, Mar 22, 2009 11:58:15am |
re: #140 livefreeor die
Is it just me or does Barney Frank remind people of Sylvester the Cat?
Nah, at least Sylvester has class…
/S
| 147 |
itellu3times Sun, Mar 22, 2009 11:58:19am |
re: #119 Erik The Red
Do these fuckwits not have spell check?
They submit only to Allah, not some zionist imperialist atheist spell-check.
| 148 |
brookly red Sun, Mar 22, 2009 11:58:21am |
re: #133 lifeofthemind
Maybe we can conflate all themes here and get the anti-Semite Chavez to seize the port in Nagasaki so the big lizard will be inspired to climb out of the ocean depths and eat his birth certificate.
A Hat Trick!
Hmmmm, Nagaski… big lizzard? Godzilla right?
| 149 |
gmsc Sun, Mar 22, 2009 11:58:23am |
re: #135 FrogMarch
Those are well done. Not mentioned, however, is how the left-wing political class, namely Barney Frank - pushed for risky loans. Our own government had a huge hand in the credit crisis.
No, that one is more to describe the process.
There are a few that go into more detail, as I posted in another thread:
gmsc’s money tips #20:
With the current financial crisis happening, anything else you do with your money is going to be affected by it. The more you understand it, the better.
The best way to start is to forget names of the parties involved, and understand the process as a whole. Jonathan Jarvis has put together a well-received video that describes the process that happened, called The Crisis of Credit Visualized, which is just over 11 minutes long. It’s also available in YouTube, broken up into Part 1 and Part 2.
Once you’ve got your head around the process itself, it’s time to learn about the particular parties involved in the building of the financial crisis. Not surprisingly, with the government involved, these details get political very quickly. The blame gets placed on Republicans or on Democrats, and quickly escalates to capitalism vs. socialism. Take a look at the approach used by FOX News’ Saving Our Economy: What’$ Next? versus that of NPR’s Bad Bank episode of This American Life.
The best approach, however, is to delve into the principles behind the personalities and the politics. John Allison, the chairman of the board of BB&T Corporation and the longest-tenured CEO of any top-25 financial services company, gives an interesting 90-minute talk delving into the principles that started this mess longer ago than you may think. The talk’s slides are available as a PDF, which helps make this talk much easier to digest.
| 150 |
Desert Dog Sun, Mar 22, 2009 11:59:15am |
re: #144 MarineMomSue
but… but… but.. that would mean that George W Bush didn’t cause this mess. That can’t be right, can it?
/
Well, fear not, Blaming Bush is not going away anytime soon. There will be some twisted way to place all of the impending problems on Bush somehow.
| 151 |
CapeCoddah Sun, Mar 22, 2009 11:59:24am |
If any of you have ever doubted the abject stupidity of Massachusetts Moonbats, let me clarify the situation for you…
Barney Frank’s campaign donations quadrupled:
[Link: www.capecodonline.com…]
| 152 |
lifeofthemind Sun, Mar 22, 2009 12:00:29pm |
re: #148 brookly red
Hmmmm, Nagaski… big lizzard? Godzilla right?
Nah, everyone knows Godzilla hung out in Tokyo-won, this will be his cousin Melvinzilla.
| 153 |
gmsc Sun, Mar 22, 2009 12:00:35pm |
re: #140 livefreeor die
Is it just me or does Barney Frank remind people of Sylvester the Cat?
No, Sylvester has a far better understanding of economics:
| 154 |
Macker Sun, Mar 22, 2009 12:00:35pm |
re: #146 Dustyvet
Nah, at least Sylvester has class…
/S
TTTTHHHHHHHUFERIN’ TTTTHHHHHHHUCCOTATTTTHHHHHHH!
| 155 |
opnion Sun, Mar 22, 2009 12:01:07pm |
re: #134 Macker
To which said bonus-earners will say “Why the F**k should I work my a** off if Congress will Tax the s**t out of me!”
The banks should petition the Supreme Court right now for a Certiorari opinion on the Constitutionality of this government grab.
| 156 |
MarineMomSue Sun, Mar 22, 2009 12:01:17pm |
re: #100 zombie
Well now that you explain it, it makes perfect sense.
Doh!
| 157 |
Kosh's Shadow Sun, Mar 22, 2009 12:02:09pm |
re: #130 Racer X
I have been thinking about the whole “who’s to blame” thing (yes, it does matter). It breaks down into two categories:
1. Democrats wrote legislation that promoted and encouraged lenders to make high risk loans. Democrats enacted policies that PUNISHED lenders who did not meet their high risk loan quota.
2. Republicans did not do enough to put checks and balances in place to keep this system from getting out of control (like it now has). Any Republican politician who questioned these practices was called a greedy capitalist, or in some cases was flat-out called a racist.
Anyone who says both parties are to blame is ignoring the facts.
I was thinking the same thing recently. The ads for interest-only loans I always thought were misleading. There are legitimate uses for them, like someone I know who used it as a bridge when he bought a new house but hadn’t sold the old one yet, but they were obviously being marketed to people who were getting into something they couldn’t afford.
It collapsed more quickly, and more severely, than I thought, but I wondered why regulators weren’t going after such loans. Now I know they were encouraging them so people could own houses [that they’d lose a couple of years later].
| 158 |
FrogMarch Sun, Mar 22, 2009 12:02:27pm |
re: #149 gmsc
Thank you kindly. Especially for this link:
[Link: www.aynrand.org…]
| 159 |
Erik The Red Sun, Mar 22, 2009 12:02:34pm |
re: #149 gmsc
I am returning with about $700,000.00. What do I do? I am starting afresh and need a home and to buy a business. Do I finance as much as possible or pay cash for both?
| 160 |
Desert Dog Sun, Mar 22, 2009 12:02:36pm |
re: #151 CapeCoddah
It still amazing me that Frank can still sit there, up on his high horse, and talk down to these wall street types, when he, himself, is just as much to blame for this current mess than anyone to appear in front of one of his congressional witch hunts.
Fwrank should be in pwrison.
| 161 |
Kosh's Shadow Sun, Mar 22, 2009 12:02:48pm |
re: #140 livefreeor die
Is it just me or does Barney Frank remind people of Sylvester the Cat?
Don’t inthult Thylvesthter!
| 162 |
brookly red Sun, Mar 22, 2009 12:02:51pm |
re: #152 lifeofthemind
Nah, everyone knows Godzilla hung out in Tokyo-won, this will be his cousin Melvinzilla.
Melvin Zilla? I think he did my taxes once…
| 163 |
alegrias Sun, Mar 22, 2009 12:02:57pm |
re: #102 CapeCoddah
Chavez is taking over seaports and airstrips.
[Link: www.foxnews.com…]
* * * *
And Chavez “nationalized” a Spanish Bank. Kleptocratic thug & best friend of radical liberals!
| 164 |
MJBrutus Sun, Mar 22, 2009 12:03:31pm |
Off topic in this thread, but I just read a terrific article by Caroline Glick, concerning the Mid-East appeasement process.
| 165 |
CapeCoddah Sun, Mar 22, 2009 12:03:45pm |
re: #160 Desert Dog
It still amazing me that Frank can still sit there, up on his high horse, and talk down to these wall street types, when he, himself, is just as much to blame for this current mess than anyone to appear in front of one of his congressional witch hunts.
Fwrank should be in pwrison.
Yes, he should, but a women’s prison. He would have too much fun in a men’s prison.
| 166 |
Kosh's Shadow Sun, Mar 22, 2009 12:04:06pm |
re: #160 Desert Dog
It still amazing me that Frank can still sit there, up on his high horse, and talk down to these wall street types, when he, himself, is just as much to blame for this current mess than anyone to appear in front of one of his congressional witch hunts.
Fwrank should be in pwrison.
He’d be the inmate trying to do favors for others just so he could be their wife.
I doubt he’d be able to hold on to soap in a shower very long.
| 167 |
opnion Sun, Mar 22, 2009 12:04:09pm |
re: #136 Desert Dog
What is very scary about all of this is that Rangell is deadly serious when he said that.
Yeah, I believe that. The Democrats look like they want to take over every aspect of the economy. Using the IRS is a great weapon for them.
The real qquestion to me is, will the Courts act to put the brakes on?
| 168 |
gmsc Sun, Mar 22, 2009 12:04:28pm |
re: #159 Erik The Red
I am returning with about $700,000.00. What do I do? I am starting afresh and need a home and to buy a business. Do I finance as much as possible or pay cash for both?
Since you have $700,000, I’d think your best first expenditure would be a reliable and professional financial planner. That is seriously the way to go, especially in this economy.
| 169 |
Pietr Sun, Mar 22, 2009 12:04:29pm |
OT: My brother-in-law is in the VA hospital for Acute Leukemia, undergoing Chemotherapy-the prognosis isn’t good, even with Chemo. His name is Roscoe, and I ask that he be added to the prayer list. He’s more like a brother (since I have none;I have 5 sisters). I am finding this hard to type, because everything is blurry……Thank You.
| 170 |
livefreeor die Sun, Mar 22, 2009 12:04:32pm |
re: #160 Desert Dog
It still amazing me that Frank can still sit there, up on his high horse, and talk down to these wall street types, when he, himself, is just as much to blame for this current mess than anyone to appear in front of one of his congressional witch hunts.
Fwrank should be in pwrison.
It makes me sick to see him reveling in his power when he should be the one getting questioned in front of a committee.
| 171 |
Macker Sun, Mar 22, 2009 12:04:43pm |
re: #165 CapeCoddah
He’d still be the guards’ bitch, wouldn’t he?
| 172 |
brookly red Sun, Mar 22, 2009 12:05:10pm |
re: #167 opnion
Yeah, I believe that. The Democrats look like they want to take over every aspect of the economy. Using the IRS is a great weapon for them.
The real qquestion to me is, will the Courts act to put the brakes on?
8 Ball says no…
| 173 |
gmsc Sun, Mar 22, 2009 12:05:26pm |
re: #158 FrogMarch
Thank you kindly. Especially for this link:
[Link: www.aynrand.org…]
You’re welcome.
BTW, if you’re not familiar with the money tips I’ve posted now and again on LGF, here they all are:
gmsc’s money tips #1: [Link: littlegreenfootballs.com…]
gmsc’s money tips #2: [Link: littlegreenfootballs.com…]
gmsc’s money tips #3: [Link: littlegreenfootballs.com…]
gmsc’s money tips #4: [Link: littlegreenfootballs.com…]
gmsc’s money tips #5: [Link: littlegreenfootballs.com…]
gmsc’s money tips #6: [Link: littlegreenfootballs.com…]
gmsc’s money tips #7: [Link: littlegreenfootballs.com…]
gmsc’s money tips #8: [Link: littlegreenfootballs.com…]
gmsc’s money tips #9: [Link: littlegreenfootballs.com…]
gmsc’s money tips #10: [Link: littlegreenfootballs.com…]
gmsc’s money tips #11: [Link: littlegreenfootballs.com…]
gmsc’s money tips #12: [Link: littlegreenfootballs.com…]
gmsc’s money tips #13: [Link: littlegreenfootballs.com…]
gmsc’s money tips #14: [Link: littlegreenfootballs.com…]
gmsc’s money tips #15: [Link: littlegreenfootballs.com…]
gmsc’s money tips #16: [Link: littlegreenfootballs.com…]
gmsc’s money tips #17: [Link: littlegreenfootballs.com…]
gmsc’s money tips #18: [Link: littlegreenfootballs.com…]
gmsc’s money tips #19: [Link: littlegreenfootballs.com…]
gmsc’s money tips #20: [Link: littlegreenfootballs.com…]
gmsc’s money tips #21: [Link: littlegreenfootballs.com…]
gmsc’s money tips #22: [Link: littlegreenfootballs.com…]
| 174 |
vagabond trader Sun, Mar 22, 2009 12:05:34pm |
re: #165 CapeCoddah
He wouldn’t even make a good bull dagger.
| 175 |
livefreeor die Sun, Mar 22, 2009 12:05:37pm |
re: #169 Pietr
OT: My brother-in-law is in the VA hospital for Acute Leukemia, undergoing Chemotherapy-the prognosis isn’t good, even with Chemo. His name is Roscoe, and I ask that he be added to the prayer list. He’s more like a brother (since I have none;I have 5 sisters). I am finding this hard to type, because everything is blurry……Thank You.
God bless him, you, and your family. You’ll all be in my prayers.
| 176 |
Racer X Sun, Mar 22, 2009 12:06:20pm |
Bawney Fwank, Chris Dodd, Franklin Raines, and Jim Johnson should ALL be in jail. The government should seize all of their assets - same as we did for Madoff.
| 177 |
CapeCoddah Sun, Mar 22, 2009 12:06:31pm |
re: #170 livefreeor die
It makes me sick to see him reveling in his power when he should be the one getting questioned in front of a
committeeGrand Jury.
Fixed.
| 178 |
alegrias Sun, Mar 22, 2009 12:06:42pm |
re: #117 Harry Tuttle
All this and we are just a tad over 4% into the Obama first term.
Man are we fucked.
* * * *
Yes, and by halftime or 50% of his presidency, you’ve got a chance to remove his supporters in Congress. Hope you’ll do something instead of demoralize us.
| 179 |
Erik The Red Sun, Mar 22, 2009 12:07:54pm |
re: #168 gmsc
Since you have $700,000, I’d think your best first expenditure would be a reliable and professional financial planner. That is seriously the way to go, especially in this economy.
I would trust you or 3wood more than a financial planner at this stage.
| 180 |
Bloodnok Sun, Mar 22, 2009 12:08:07pm |
re: #151 CapeCoddah
If any of you have ever doubted the abject stupidity of Massachusetts Moonbats, let me clarify the situation for you…
Barney Frank’s campaign donations quadrupled:
[Link: www.capecodonline.com…]
I have a feeling it wasn’t just MA residents that donated. Once it became a sure (enough) thing that Obama would be elected a lot of banks likely donated to both Dodd and Frank for “protection”. Mandy posted a like to a site named OpenSecrets yesterday on which you could looks up names and businesses and who they donated to. I saw banking higher-ups donating to Republican candidates AND Dodd and Frank.
| 182 |
CapeCoddah Sun, Mar 22, 2009 12:09:09pm |
re: #171 Macker
He’d still be the guards’ bitch, wouldn’t he?
No self respecting guard would touch that nasty mess.
| 183 |
opnion Sun, Mar 22, 2009 12:10:04pm |
re: #172 brookly red
8 Ball says no…
I think that you are right. The courts have always been reluctant to intervene in Congressional tax policies. This however is a Bill of Attainder, so maybe……………
| 184 |
alegrias Sun, Mar 22, 2009 12:10:04pm |
re: #135 FrogMarch
Those are well done. Not mentioned, however, is how the left-wing political class, namely Barney Frank - pushed for risky loans. Our own government had a huge hand in the credit crisis.
* * *
It sounded so super fantastic back in the day! Spreading the Houses around…
(Everybody sing to the tune of Everything is Beautiful)
Everyone is creditworthy, in their own way….
| 185 |
gmsc Sun, Mar 22, 2009 12:10:05pm |
re: #179 Erik The Red
I would trust you or 3wood more than a financial planner at this stage.
| 186 |
CapeCoddah Sun, Mar 22, 2009 12:10:17pm |
re: #169 Pietr
OT: My brother-in-law is in the VA hospital for Acute Leukemia, undergoing Chemotherapy-the prognosis isn’t good, even with Chemo. His name is Roscoe, and I ask that he be added to the prayer list. He’s more like a brother (since I have none;I have 5 sisters). I am finding this hard to type, because everything is blurry……Thank You.
Prayers for a recovery, Pietr. My family and I wish you the best.
| 187 |
keeping it simple Sun, Mar 22, 2009 12:10:49pm |
re: #170 livefreeor die
It makes me sick to see him reveling in his power when he should be the one getting questioned in front of a committee.
Barney Frank’s behavior last week is the perfect example of “the best defense is a good offense”. He’s speed talking, loud and aggressively, to avoid being confronted.
What I’d like to know is - where are the guys on our side and why aren’t they putting him on the hot seat? I’m starting to think we are a party of wimps. Somebody PLEASE call this guy out!
| 188 |
MarineMomSue Sun, Mar 22, 2009 12:11:53pm |
re: #165 CapeCoddah
Yes, he should, but a women’s prison. He would have too much fun in a men’s prison.
Wouldn’t that be cruel and unusual punishment.. for the women in that prison?
| 190 |
pink freud Sun, Mar 22, 2009 12:12:16pm |
Pietr …will pass along to goddess.
You are both in my prayers.
| 191 |
alegrias Sun, Mar 22, 2009 12:12:42pm |
re: #129 opnion
An Obama Economic Advisor was on FNC this morning, the red haired, rather portly woman. She was encouraging institutions not taking TARP money to cooperate with the government.
Later Charlie Rangle comes on & says he would not rule out 90% tax on bonuses even for institutions not taking bail out money!
Comrades, welcome to the Peoples Republic.
* * * *
Christine Roemer, who looks like she’s on happy drugs as she mouths Obama’s plans, with the physique of Janet Reno.
Roemer apparently wrote studies in the PAST, saying massive spending wasn’t a good idea—before Obama hired her to do the complete opposite!
| 192 |
MarineMomSue Sun, Mar 22, 2009 12:14:13pm |
re: #169 Pietr
Consider it done, Pietr. You are both on my prayer list
| 193 |
yma o hyd Sun, Mar 22, 2009 12:16:55pm |
re: #164 MJBrutus
Off topic in this thread, but I just read a terrific article by Caroline Glick, concerning the Mid-East appeasement process.
From that link:
‘Western leaders are not pursuing peace in these processes. They are pursuing appeasement. They call this appeasement process a peace process for two reasons. First, they know their countrymen don’t like the sound of appeasement. And second, by claiming to be championing the noble goal of peace in our time, they feel free to attack anyone who points out the folly of their actions as a warmongering member of the Israel Lobby.’
Just so.
All that remains for us is to calculate how much time Israel has left.
I’m bereft of words …
| 194 |
astronmr20 Sun, Mar 22, 2009 12:17:20pm |
re: #169 Pietr
OT: My brother-in-law is in the VA hospital for Acute Leukemia, undergoing Chemotherapy-the prognosis isn’t good, even with Chemo. His name is Roscoe, and I ask that he be added to the prayer list. He’s more like a brother (since I have none;I have 5 sisters). I am finding this hard to type, because everything is blurry……Thank You.
He has been added to mine.
| 195 |
CapeCoddah Sun, Mar 22, 2009 12:17:37pm |
re: #188 MarineMomSue
Wouldn’t that be cruel and unusual punishment.. for the women in that prison?
Well, I would have said a zoo, but those poor animals have done nothing wrong,,, so female criminals it is. Also, women are a lot nastier than men. (I am a woman)
| 196 |
yma o hyd Sun, Mar 22, 2009 12:19:08pm |
re: #169 Pietr
OT: My brother-in-law is in the VA hospital for Acute Leukemia, undergoing Chemotherapy-the prognosis isn’t good, even with Chemo. His name is Roscoe, and I ask that he be added to the prayer list. He’s more like a brother (since I have none;I have 5 sisters). I am finding this hard to type, because everything is blurry……Thank You.
{Pietr}
Praying for Roscoe - and you and your family!
| 197 |
lifeofthemind Sun, Mar 22, 2009 12:20:46pm |
re: #169 Pietr
Never doubt the efficacy of prayer.
| 199 |
alegrias Sun, Mar 22, 2009 12:22:13pm |
re: #187 keeping it simple
Barney Frank’s behavior last week is the perfect example of “the best defense is a good offense”. He’s speed talking, loud and aggressively, to avoid being confronted.
What I’d like to know is - where are the guys on our side and why aren’t they putting him on the hot seat? I’m starting to think we are a party of wimps. Somebody PLEASE call this guy out!
* * *
If America were the third world, Republicans would take their chairs & throw them at the Democrats, but—-Republicans are in the MINORITY now & don’t get the microphones, the chairmanships or much respect in Congress.
| 200 |
keeping it simple Sun, Mar 22, 2009 12:36:58pm |
re: #199 alegrias
* * *
If America were the third world, Republicans would take their chairs & throw them at the Democrats, but—-Republicans are in the MINORITY now & don’t get the microphones, the chairmanships or much respect in Congress.
I take your point. I think I’m so frustrated because we don’t seem to have a voice even outside of congress. I used to think Fox News was our strongest pulpit but now I’m just as frustrated with their anchors as I am with our elected officials. Their voices are either not loud enough or they are lacking in conviction by trying too hard to stay “fair and balanced”. It’s naive of me and even a bit childish but I’m hoping to see the Cavalry riding over the hill to come to our rescue just as they once did in the old Western movies. What we need is a HERO.
| 201 |
mfarmer1 Sun, Mar 22, 2009 12:38:14pm |
re: #100 zombie
I still think this remains my all-time favorite Mo email that I ever received:
——————————————
“From: Saber K. (France)
… Are you able to seach and discuss why the the sattelites in the orbists in the scandinavian countries have a jews name ! Can you show this reality to all the world son of bitch, son of pig …
I was wondering how long it would take before this was noticed. Man, the puppet-master Jooze have finally had their collective cover blown. I wish Israel would launch a satellite in permanent stationary orbit above the Kaaba beaming down Klezmer tunes bouncing off that black meteorite.
| 202 |
alegrias Sun, Mar 22, 2009 12:44:36pm |
re: #200 keeping it simple
I take your point. I think I’m so frustrated because we don’t seem to have a voice even outside of congress. I used to think Fox News was our strongest pulpit but now I’m just as frustrated with their anchors as I am with our elected officials. Their voices are either not loud enough or they are lacking in conviction by trying too hard to stay “fair and balanced”. It’s naive of me and even a bit childish but I’m hoping to see the Cavalry riding over the hill to come to our rescue just as they once did in the old Western movies. What we need is a HERO.
* * * *
Try reading The Weekly Standard if you want better analysis.
As to hoping for a savior, a bailout or the Cavalry, as Obama said so effectively to a bunch of idiots—
We are the ones we’ve been waiting for!
Yes, it’s up to us to do our duty and exercise the ballot to reverse this recent reversal of fortune.
| 203 |
Lincolntf Sun, Mar 22, 2009 12:47:17pm |
Just logged back in, so I don’t know if any hoops fans are on. If anyone is interested, 3 out of the four games being played right now are wicked tight. All in second half (I think).
| 204 |
SFGoth Sun, Mar 22, 2009 1:11:19pm |
It’s easy to reconcile the two, if you’re a politician. To us normals, it’s called doubletalk.
| 205 |
anotherindyfilmguy Sun, Mar 22, 2009 1:23:00pm |
re: #13 gmsc
That’s why we have this mess now…
| 206 |
docremulac Sun, Mar 22, 2009 1:42:14pm |
This will bankrupt the country but I’ve gotta blame Bush for starting the ball rolling in this. The whole bailout concept leaves has one very obvious problem:
Government bailout of failed business ventures already exists, it’s called bankruptcy. This is nationalization and it’s what communist countries do. You know, the ones where people don’t have enough food to eat and only the rich own cars? That communism.
The Democrats probably still can’t believe their good fortune. They destroy the economy by threatening the banking industry if it doesn’t make bad loans that make Democrats feel good, they blame it on the Republicans for not regulating the fallout of those bad loans and get elected to total power as a result. Then the Republicans under Bush hand them the key to making this country socialist. Eliminate the free capital system by saddling yet unborn taxpayers with trillions in debt.
Hey future generations, think you might want to have the 4 day work week that computers and technology could easily facilitate? Maybe you’d like to build a self sustaining colony on Mars. How about expanding the upper class?
Forget about it. You’ll spend your life paying for the wrecked society that the Woodstock generation left you.
Right on baby!
| 207 |
Harry Tuttle Sun, Mar 22, 2009 2:30:36pm |
re: #178 alegrias
* * * *
Yes, and by halftime or 50% of his presidency, you’ve got a chance to remove his supporters in Congress. Hope you’ll do something instead of demoralize us.
Can’t we all just get along.
All this bullshit from FCBBHO and you are blaming me.
Jeez.
| 208 |
Mauser Sun, Mar 22, 2009 2:38:08pm |
Dear CNN. It’s called “Aspect Ratio”. Please learn how to get it right.
| 209 |
Olderthandirt Sun, Mar 22, 2009 2:48:48pm |
It’s all very clear. It’s like when those on the way to the Place de la Revolution were told by Madame Defarge: “Be of good cheer, your troubles shall soon disappear and be no more!”
So, smile and be of good cheer! Via La Revolution and Hopenchange!”
| 210 |
jet2nc Sun, Mar 22, 2009 4:06:52pm |
What does Greg mean Obama will bankrupt America?
Greg, Obama has already done more to cancel the last decades of earnings of retirees, those soon to retire and current wage earners 401K plans. All of the 1980s and 1990s gloom and doom by the Democrats that the Republicans will hurt seniors and the Social Security system does not even begin to compare with the actual loss of future income in retirement accounts being caused by the Obama administrations current economic policies. Those who are retired or that will retire in the next few years can only hope that the next congress in 2010 and the next president in 2012 will be able to undo some of the irresponsible fiscal decisions being made today by the Democratic led band of “Potomac Pirates” who don’t understand the value of money unless it is packed in a freezer in New Orleans or is an unpaid amount of a tax bill of an Obama administration nominee.
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