Quantcast

Seriously, read this... mortgage bail out...

Discussion in 'Politics & World News' started by LordOpie, Mar 17, 2008.

  1. LordOpie

    LordOpie MOTHER HEN

    Rep/Likes:
    0 / 0
    Joined:
    Oct 17, 2002
    Messages:
    21,033
    Location:
    Denver
    draw your own conclusions, but it's really hard to dismiss it.

    <tin.foil.hat>on</tfh>
     

    Please register to disable this ad.

  2. ohio

    ohio The Fresno Kid

    Rep/Likes:
    6 / 4
    Joined:
    Nov 26, 2001
    Messages:
    6,657
    Location:
    SF, CA
    We are being ****ed harder than we've ever been ****ed before. Like goddamn Idi Amin hard.
     
  3. 3D.

    3D. Monkey

    Rep/Likes:
    0 / 0
    Joined:
    Feb 23, 2006
    Messages:
    899
    Location:
    Chinafornia USA
    I read the exact article on the 14th, I refrained from posting it ‘cause I didn’t feel like battling with complacents that don‘t like “believing my little dances“.;)

    thanks, rep passed

    PS- you found that at, uh... hmm... well... you’re digging around in the tin foil blogs aren’t you? I won’t tell
     
  4. Changleen

    Changleen Paranoid Member

    Rep/Likes:
    1 / 4
    Joined:
    Jan 9, 2004
    Messages:
    9,890
    Location:
    Hypernormality
    http://www.nytimes.com/2008/03/17/business/17fed.html?ref=worldbusiness

    http://www.nytimes.com/2008/03/17/world/asia/17market.html?ref=world

    :plthumbsdown: Ruhh rohh shaggy.
     
  5. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    Looks like Bear Stearns is being bought out by J.P.Morgan, using money loaned by the fed.

    So taxpayers now own an investment firm at a cost of $30B...plus the bailout money earlier in the week....

    lovely...
     
  6. BurlyShirley

    BurlyShirley Rex Grossman Will Rise Again

    Rep/Likes:
    6 / 1
    Joined:
    Jul 4, 2002
    Messages:
    19,210
    Location:
    TN
    Please tell me things are not this bad.
     
  7. Westy

    Westy the teste

    Rep/Likes:
    446 / 2,841
    Joined:
    Nov 22, 2002
    Messages:
    36,191
    Location:
    Sleazattle
    And somebody swapped our


    with



    I love how the neo-cons have basically turned from pro free market to socialism for the wealthy/corporate.
     
  8. Echo

    Echo crooked smile

    Rep/Likes:
    5 / 1
    Joined:
    Jul 10, 2002
    Messages:
    11,818
    Location:
    Slacking at work
    Normally, something like this would cause me to hate the Bush administraton even more. But I've truly reached the point where I could not possibly hate the Bush administration any more.
     
  9. DRB

    DRB unemployed bum

    Rep/Likes:
    5 / 0
    Joined:
    Oct 24, 2002
    Messages:
    15,287
    Location:
    Watchin' you. Writing it all down.
    quitter....
     
  10. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    but then the Fed operates on it's own for the most part...
     
  11. Echo

    Echo crooked smile

    Rep/Likes:
    5 / 1
    Joined:
    Jul 10, 2002
    Messages:
    11,818
    Location:
    Slacking at work
    I don't see how I can be expected to discuss this with someone who obviously didn't read the article in the first post.
     
  12. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    sorry... hang on a sec...


    <tin.foil.hat>on</tfh>

    ok.. rereading now..


    :rolleyes:
     
  13. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    ok, don't know if the spitzer-bush nexus is valid (if so, disappointing to say the least), but this is at the risk of being dismissed/undone when he makes the intellectually dishonest claim that the sub-prime lending business is racially biased when high-income minorities have more proportionate loans than similar income whites ("Dark-skinned borrowers aren't stupid – they had no choice."). all things being equal - and of course they're not - the whole system is based upon credit rating. now, because cuntrywide & their ilk set up shop in low-income (read: higher risk) neighborhoods, and these high-income blacks are still living there, and banking there, limits their choice within these geographically convenient institutions, not absolutely.

    are we to think the malt-liquor industry is also racist b/c more of it is offered - and purchased - in lower income neighborhoods?

    as far as the main thrust of the article, there are 2 possibilities: it's exactly as palast states, and therefore repugnant to the highest degree, or he's picking & choosing which facts make for a sensational balm for his readership.
     
  14. DRB

    DRB unemployed bum

    Rep/Likes:
    5 / 0
    Joined:
    Oct 24, 2002
    Messages:
    15,287
    Location:
    Watchin' you. Writing it all down.
    Iraq? where's that?
     
  15. dante

    dante Unabomber

    Rep/Likes:
    12 / 8
    Joined:
    Feb 13, 2004
    Messages:
    8,998
    Location:
    looking for classic NE singletrack
    Dunno, I think the closest I come to believing that conspiracy is that Spitzer made a LOT of enemies going after the big guys on wall street. As a result, there were a lot of guys looking to take him down, and when a couple thousand dollars changed hands, those same people kept digging, and digging, and digging, until they got him. Nobody cared that Vitter's name was in the DC Madam's Little Black Book, and yet there's a huge investigation into Spitzer?
     
  16. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    i don't believe vitter violated the mann act by wearing diapers, only himself
     
  17. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    dont worry, you arent alone with that...

    http://www.miamiherald.com/776/story/458872.html

     
  18. 3D.

    3D. Monkey

    Rep/Likes:
    0 / 0
    Joined:
    Feb 23, 2006
    Messages:
    899
    Location:
    Chinafornia USA
    If true that he was slated for the meat grinder, I’m sure he was aware of it, and he’s a dumb ass for ordering take-out sushi so often
     
  19. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    less iraq reporting? i blame bush!
     
  20. ohio

    ohio The Fresno Kid

    Rep/Likes:
    6 / 4
    Joined:
    Nov 26, 2001
    Messages:
    6,657
    Location:
    SF, CA
    Spitzer was taken out because he was an arrogant, hypocritical asshole (that was doing great work). He is receiving unique treatment, but not because of any specific investigation.

    I also trust Paterson, based on what I've heard so far, to continue any promising investigations with nearly as much rigor as Spitzer, which further reinforces that the two aren't connected.

    However, I do believe that the federal government is ****ing the American populace on an unprecedented scale. It has nothing to do with Spitzer and everything to do with corporate interests.
     
  21. Changleen

    Changleen Paranoid Member

    Rep/Likes:
    1 / 4
    Joined:
    Jan 9, 2004
    Messages:
    9,890
    Location:
    Hypernormality
    I find it quite interesting that whilst the US populace as a whole finds the idea of a 'world government' so abhorrent, they are doing more than any other population to cause a situation where they are ruled by one, and 'even worse' one made up on extra-national interests.

    I think the neo-cons have no blinkered preference as to nationalistic pretences, they want to hasten corporate and market control. In it's purest sense I kind of agree, but the people factor makes me want to puke every time.
     
  22. Silver

    Silver find me a tampon

    Rep/Likes:
    10 / 0
    Joined:
    Jul 20, 2002
    Messages:
    10,934
    Location:
    Orange County, CA
    I don't think you have any understanding as to what happened.

    The taxpayers don't own anything, except an obligation to JP Morgan to cover losses on the crappiest of the crap that Bear had.
     
  23. SPINTECK

    SPINTECK Turbo Monkey

    Rep/Likes:
    4 / 0
    Joined:
    Oct 16, 2005
    Messages:
    1,372
    Location:
    abc
    I don't understand why this is so suprising, it's the same thing that happened to the Savings and Loan institutions when Bush SR. was VP.

    Mark my word, in 16 years this will be happening again at the end of Jeb's term.

    Great article, anyone have the actual link?
     
  24. LordOpie

    LordOpie MOTHER HEN

    Rep/Likes:
    0 / 0
    Joined:
    Oct 17, 2002
    Messages:
    21,033
    Location:
    Denver
    Did Bush Sr. do all that PLUS have the FBI look into a Gov's activities cuz that Gov was going to blow the whistle?
     
  25. DaveW

    DaveW Space Monkey

    Rep/Likes:
    103 / 470
    Joined:
    Jul 2, 2001
    Messages:
    8,585
    Location:
    Karori, Poneke Te Ika-a-Maui
    Don't worry it's bound to be back in the news in about a weeks time...... only 13 more to go before you hit the big 4k of dead US servicemen. (not counting the Afgan ones). :huh:
     
  26. SPINTECK

    SPINTECK Turbo Monkey

    Rep/Likes:
    4 / 0
    Joined:
    Oct 16, 2005
    Messages:
    1,372
    Location:
    abc
    Bush senior was head of the CIA, my answer to that would be hell yeah, but who remembers.

    Your point is dead on though and people need to see the Spitzer connection.
     
  27. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus


    :picsstfu:
     
  28. Silver

    Silver find me a tampon

    Rep/Likes:
    10 / 0
    Joined:
    Jul 20, 2002
    Messages:
    10,934
    Location:
    Orange County, CA
    You have to have someone come in and wipe your ass for you everyday...you can't possibly be this stupid without actually being functionally impaired.
     
  29. DaveW

    DaveW Space Monkey

    Rep/Likes:
    103 / 470
    Joined:
    Jul 2, 2001
    Messages:
    8,585
    Location:
    Karori, Poneke Te Ika-a-Maui
    Only 8 to go now....... http://icasualties.org/oif/
     
  30. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    :spam:
     
  31. DRB

    DRB unemployed bum

    Rep/Likes:
    5 / 0
    Joined:
    Oct 24, 2002
    Messages:
    15,287
    Location:
    Watchin' you. Writing it all down.
    N8 = PSP's father


    makes sense.....
     
  32. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    Shouldnt you be looking fer a job?


    :brow:
     
  33. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    why? he's got 100K in the RM bank.
     
  34. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    is that like $10B pinkbike dollars?
     
  35. DRB

    DRB unemployed bum

    Rep/Likes:
    5 / 0
    Joined:
    Oct 24, 2002
    Messages:
    15,287
    Location:
    Watchin' you. Writing it all down.
    with spring and summer coming..... please
     
  36. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    18 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    damn you
     
  37. DaveW

    DaveW Space Monkey

    Rep/Likes:
    103 / 470
    Joined:
    Jul 2, 2001
    Messages:
    8,585
    Location:
    Karori, Poneke Te Ika-a-Maui

    Commiserations folks :(

    US military Iraq toll hits 4,000