Guest Hal Posted September 24, 2008 Report Share Posted September 24, 2008 This is an American/world problem, NOT a political one. "It's their problem. It's their bill. And they're going to have to figure out if they can support it," House Speaker Nancy Pelosi, D-Calif., said of Republicans. She's speaking of the bailout bill btw. Quote Link to comment Share on other sites More sharing options...
thorne Posted September 24, 2008 Report Share Posted September 24, 2008 But there bill includes CEO's still getting bonus from what I'm reading and if that truly is the case it's fucked up Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted September 24, 2008 Report Share Posted September 24, 2008 But there bill includes CEO's still getting bonus from what I'm reading and if that truly is the case it's fucked up That has nothing to do with what she says. The issue isn't the pork, it's what needs to be done to keep the world from an economic downfall. Senator McCain and 2 others attempted to get this crap under control in 2005. Their legislation was blocked by the dems. In 2005 Alan Greenspan warned of exactly what is happening now. Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted September 24, 2008 Report Share Posted September 24, 2008 I want the government to bail me out as well. Hell give everyone a million each. That will fix the economy. Quote Link to comment Share on other sites More sharing options...
thorne Posted September 24, 2008 Report Share Posted September 24, 2008 I want the government to bail me out as well. Hell give everyone a million each. That will fix the economy. Interesting. Socialism for the rich = ftw damn it. I mean it's great my 401k is protected by printed pieces of paper that are losing more and more value everyday because of our ever growing debt on the dollar. Quote Link to comment Share on other sites More sharing options...
LJ Posted September 24, 2008 Report Share Posted September 24, 2008 In 2005 Alan Greenspan warned of exactly what is happening now. I don't give a flying fuck what Alan Greenspan says, if he wouldn't have pandered to keep his own job and kept interest rates way too artificially low, deregulation or not, we wouldn't be in this mess Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 24, 2008 Report Share Posted September 24, 2008 :cough Clinton cough: Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted September 25, 2008 Report Share Posted September 25, 2008 http://money.cnn.com/2008/09/20/news/economy/treasury_proposal/index.htm : Snippits - (a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act. (b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom. © Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act. (1) Mortgage-Related Assets.--The term "mortgage-related assets" means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted September 25, 2008 Report Share Posted September 25, 2008 I think you all missed the mark. I'm not arguing with any part of the bill. She can argue with that all she wants. Her quote is what I find disgusting. Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted September 25, 2008 Report Share Posted September 25, 2008 I think you all missed the mark. I'm not arguing with any part of the bill. She can argue with that all she wants. Her quote is what I find disgusting. Pics of your girlfriends breasts. ASAP, it's the only way our friendship can be saved. Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted September 25, 2008 Report Share Posted September 25, 2008 Pics of your girlfriends breasts. ASAP, it's the only way our friendship can be saved. PM SENT! Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted September 25, 2008 Report Share Posted September 25, 2008 Thanks! Faping now..... Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted September 25, 2008 Report Share Posted September 25, 2008 Senator McCain and 2 others attempted to get this crap under control in 2005. Their legislation was blocked by the dems.. Ignorant dumb shit, go read a book. It was shot down in committee with a republican majority. Couldn't have been done without their help. :cough Clinton cough: See above about ignorant dumb shit. The big banks were exempted from debt ratio requirements under Bush administration. That exemption allowed them down the path of reckless lending, which put us here. There were a heap of regulations put in place after the depression to keep this shit (and other scary shit) from happening. As part of supply-side econ legislation, Reagan began quietly pulling many of these regs back in the 80, and every repub president has continued the trend. I knew we were doomed 2 years ago when I saw a sign offering loans to people who wanted to play stocks. It's everybody's fault from taking a dumb chance on credit and losing. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 25, 2008 Report Share Posted September 25, 2008 I knew we were doomed 2 years ago when I saw a sign offering loans to people who wanted to play stocks. Who signed the bill to allow that? Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted September 25, 2008 Report Share Posted September 25, 2008 Who signed the bill to allow that? Are you asking because: A: You know, and you're trying to be clever B: You don't know, but want to C: You don't know, but are taking a 50/50 chance on looking clever. If you answered A or C, I've got some bad news. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 25, 2008 Report Share Posted September 25, 2008 Are you asking because: A: You know, and you're trying to be clever B: You don't know, but want to C: You don't know, but are taking a 50/50 chance on looking clever. If you answered A or C, I've got some bad news. D. Beats me Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted September 25, 2008 Report Share Posted September 25, 2008 Ignorant dumb shit, go read a book. It was shot down in committee with a republican majority. Couldn't have been done without their help. See above about ignorant dumb shit. The big banks were exempted from debt ratio requirements under Bush administration. That exemption allowed them down the path of reckless lending, which put us here. There were a heap of regulations put in place after the depression to keep this shit (and other scary shit) from happening. As part of supply-side econ legislation, Reagan began quietly pulling many of these regs back in the 80, and every repub president has continued the trend. I knew we were doomed 2 years ago when I saw a sign offering loans to people who wanted to play stocks. It's everybody's fault from taking a dumb chance on credit and losing. Go read another book, it wasn't only the committee you fucking moron. It shows your intelligence that you still don't get the point of this thread. Go breathe fire. Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted September 25, 2008 Report Share Posted September 25, 2008 Go read another book, it wasn't only the committee you fucking moron. It shows your intelligence that you still don't get the point of this thread. Go breathe fire. Actually, I can breath (spit) fire. The point of the thread was made in it's title (and I agree!), the spirit has been finger pointing. Guess what, "you fucking moron", the buck stopped with a bipartisan vote/agreement. Deal with it. What other committees have jurisdiction over banking, economic policy, financial institutions, etc, professor? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.