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Ahhh, what a surprise... corporations acting in their best interest and not that of the American people.

Dennis Kucinich is awesome... much respect for that guy.
 

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Yet another way to piss on the American Public. Beg for money, get the money, say you are gonna lend it, but let it sit in your account instead.
 

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Ron Paul explicitly said his vice-president would've been Dennis Kucinich...and vice versa.

man, we could've been looking at some real change had we picked the right men for the job.
 

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Ron Paul explicitly said his vice-president would've been Dennis Kucinich...and vice versa.

man, we could've been looking at some real change had we picked the right men for the job.
Ron never had enough money without the support of all the corrupt lobbyists, no money = no air time on national television, no air time = no presidency... you guys didnt think this whole presidential election thingy actually had anything to do with the guy running for president did you??
 

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i didnt have access to the video, but according to your title, why so wrong about that?

I mean if you know the person is borrowing money from you are struggling and they may not pay you back, why would you want to loan them money in the first place. the reason we got in to the housing crises is because we loan to people we know cant afford that loan, and you are complaining because the government actually learned from experience?
 

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The only trouble that I see with this "learning your lesson" is that they tell people one thing ans then do another. I know that they are all crooks and our country is going to hell because we as Americans are letting it. I do have to say that the representative is awesome.
 

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i didnt have access to the video, but according to your title, why so wrong about that?

I mean if you know the person is borrowing money from you are struggling and they may not pay you back, why would you want to loan them money in the first place. the reason we got in to the housing crises is because we loan to people we know cant afford that loan, and you are complaining because the government actually learned from experience?
This is about the most short sighted ******* response I have ever seen in my life.

Let me fill you in on some details.

So far, the Feds have given the banks (much of them foreign banks) $24 Trillion. Who is going to pay the bill for that? You and your kids, grandkids, their kids, their grandkids etc etc etc.

This money was given to the banks without your consent.

98% of Americans were against any bail outs for the banks, but as usual they didn't listen.

Congressmen were threatened with martial law if they didn't pass the bail out bill.

8 trillion would have paid off everyone in the US's mortgage. That would have been a real stimulus, albeit a hideously socialistic one.

I'd rather the money go to the people, than a bunch of crooked fuckin elitist bankers.

The banks now refuse point blank to tell Congress where the money has gone and how it has been spent. SO much for the much touted "transparency".

The banks, not people borrowing money are to blame for all of this ****.
The repeal of lending regulations and the Glass-Stegall act are what allowed these banks to loan people money that they knew they couldn't pay back, it also allowed the banks to begin trading derivatives; the real problem.
This started in the Clinton administration and has been carried through until today.

Derivatives are the main cause of all financial difficulties that the world is going through. This has been intentional, with the endgame being the reduction in the standard of living of everyone in the Western world.

The "sub prime" BS is just the excuse for what the bankers have done to us and a way for suckers like you to blame people that were sold the ********, non-existent American Dream.

While people in the USA are sleeping in tent cities, the scum that run Bank of America and Goldman Sachs are still getting their million dollar + bonuses, and you're paying for it.

It's a bloodless coup de tat carried out by a bunch of foreign bankers. They own us now. The USA is finished and you're busy sticking up for the people that did it to us.

The real reason the Fed are paying these banks not to loan, is that they don't want to monetize the massive amounts of worthless money they have printed up, because that will cause hyper-inflation. That is the reason, not because the motherfuckin government "learned its lesson".

Sheesh, get some sophistication man, and stop watching that god damn idiot box.
 

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So far, the Feds have given the banks (much of them foreign banks) $24 Trillion.
I highly doubt the figure is that high. Last time I checked it was definitely larger than 2 trillion, but definitely not 24 trillion.

Granted, 2 trillion un-accounted for dollars is disgusting.
 

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Bank rescue could cost $23.7 trillion, says bailout overseer
WASHINGTON (MarketWatch) -- A package of government bailout packages could cost $23.7 trillion, according to testimony prepared by a special inspector general expected to appear on Capitol Hill this week.

At issue are the landmark $700 billion Troubled Asset Relief Program passed hurriedly last year. The costs include $6.8 trillion in government assistance offered by the Federal Reserve, Neil Barofsky, the inspector general for the Treasury's so-called TARP, is expected to say in his apprance.

Other assistance figuring in his report is the $7.2 trillion in government funding for Fannie Mae /quotes/comstock/13*!fnm/quotes/nls/fnm (FNM 0.66, -0.13, -16.46%) and Freddie Mac /quotes/comstock/13*!fre/quotes/nls/fre (FRE 0.74, -0.10, -11.90%) and other groups, as well as $2.3 trillion in programs provided by the Federal Deposit Insurance Corp.

"Before the American people and their representatives in Congress can meaningfully evaluate the effectiveness of TARP, not only must the TARP programs themselves be understood, but also TARP's scope and scale must be placed into proper context with the other government programs designed to support the financial system," Barofsky says in remarks in his written testimony.
More here: http://www.marketwatch.com/story/us-financial-rescue-tab-pegged-at-24-trillion
 

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The Federal Reserve does whatever it wants to do... it has no laws. It is better for the Feds to pay the banks for money that will come back to them anyways than having unreliable income do it. They do not care about who's struggling, they know they most likely will not pay their loans back and Americans have learned they have been scammed before because of banks making impossible terms. Problem solved, banks get an interest discount because they no longer receive money from loans, banks do not fail, they continue to pay interests and the ones in charge of the federal reserve banks profit for some more time. Its funny when they say they are not a profit making private organization.
 

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Indeed, the Federal Reserve are as federal as Federal Express and have no reserves.
They are a privately owned and run organization of Anglo European bankers.
The organization is unconstitutional and America signed it's death warrant when it signed into law the Federal Reserve Act in 1913.
A good book on the subject of the Fed is The Creature from Jekyll Island by G. Edward Griffin.
 

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This is about the most short sighted ******* response I have ever seen in my life.
for one, how is it short sighted, for two, after i've read your entire gibberish, i still didn't find how is it short sighted. so stop your internet bullying and learn some internet etiquette.

Let me fill you in on some details.

So far, the Feds have given the banks (much of them foreign banks) $24 Trillion. Who is going to pay the bill for that? You and your kids, grandkids, their kids, their grandkids etc etc etc.
did you even read the so-called proof you provided in your later post, it even said that the $24 Trillion is speculation and overly inflated. matter of fact, I think the pressing question is "CAN you even read". I understand the 1 trillion bailout lacks the transparency we would like to see, but inflating 2-3 trillion to 24 trillion seems to be witch hunt to me.

This money was given to the banks without your consent.

98% of Americans were against any bail outs for the banks, but as usual they didn't listen.

Congressmen were threatened with martial law if they didn't pass the bail out bill.
I dont know about you, but i am actually supporting the bailout. in case you have alzheimer's disease, let me refresh your memory. last year during October, congress rejected the 700 billion bailout bill for the first time. the stock market drop 700 points in one day. if the congress didn't reconsider passing that bill, all of us will be out of a job by now since there are no knowing of how bad it could of gotten. those people who is opposing those bills are actually really short-sighted since the sign is there all along. you can talk all the conspiracy theory you want, but im basing my judgments on facts.

8 trillion would have paid off everyone in the US's mortgage. That would have been a real stimulus, albeit a hideously socialistic one.

I'd rather the money go to the people, than a bunch of crooked fuckin elitist bankers.
is this from one of those mass e-mail again, talking about a state to state block party. if you actually do the number, this idea is full of sh!t. the numbers dont add up. plus 8 trillion is about 72% of our current national debt. to be honest, this got to be the stupidest thing I have heard on this subject. its like you are saying lets pile on another 72% more debt so the next few generations will get screw so we don't have to pay mortgage. BTW why would anyone want to spend money on someone's mortgage anyway.

The banks now refuse point blank to tell Congress where the money has gone and how it has been spent. SO much for the much touted "transparency".
this I agreed with you, the Banks should not refuse to show where the money have gone. but on the other hand, our congress have open their mouth and said damaging things merit all the time.

The banks, not people borrowing money are to blame for all of this ****.
The repeal of lending regulations and the Glass-Stegall act are what allowed these banks to loan people money that they knew they couldn't pay back, it also allowed the banks to begin trading derivatives; the real problem.
This started in the Clinton administration and has been carried through until today.
what kind of backward logic is this? are you one of those "guns kill people not people kill people" kind of guy? just because you can borrow money in a amount that you are not able to pay back doesnt mean you should go borrow it. its the same thing as just because banks have money doesn't mean you have to go rob it. what ever happen to be responsible for your own actions, or accountability? is this what your parents have taught you? is this what you are teaching to your kids today? no wonder America is going down the sh!t hole.

Derivatives are the main cause of all financial difficulties that the world is going through. This has been intentional, with the endgame being the reduction in the standard of living of everyone in the Western world.
derivatives are design to minimize risk, but individuals failed to act responsibility when they gamble against the unknown odds. I personally still don't see how the ultimate motive behind derivative is to reduce the stander of living as you put it though. once again, need proof.

The "sub prime" BS is just the excuse for what the bankers have done to us and a way for suckers like you to blame people that were sold the ********, non-existent American Dream.
once again, where is the proof? show me how sub prime crises is not real, how counties around the globe is not being effected by it. if you can do that, I can show you how the $24 trillion really does exist. maybe you lived a shelter life, but I am certainly living an American dream. its not exactly fine and dandy as they shown in movies, but it sure is better than what could of happen if I didn't start a new life here.

While people in the USA are sleeping in tent cities, the scum that run Bank of America and Goldman Sachs are still getting their million dollar + bonuses, and you're paying for it.
I personally dont think they should be paid that much, but the reality is, their salary and bonuses are written in their contract and budgeted for. what happen to the lending crises is not 100% their fault. BTW show me how my bailout go directly to their pockets. because it is certain that their salary and bonuses is minute compare to the hundred billions they need to secure the bad assists.

It's a bloodless coup de tat carried out by a bunch of foreign bankers. They own us now. The USA is finished and you're busy sticking up for the people that did it to us.
once again, there is another thread for conspiracy theories. so show some solid proof before you move your fingers. also please actually read the entire article before you post next time.

The real reason the Fed are paying these banks not to loan, is that they don't want to monetize the massive amounts of worthless money they have printed up, because that will cause hyper-inflation. That is the reason, not because the motherfuckin government "learned its lesson".
this is the only claim that makes sense in this post, but how does this goes with being short sighted? you matter of fact just agreed with me on the fact that lending money to people is not the best actions right now. also perhaps the government didnt learned the lesson of selective borrowing, but it sure did learn something if what your claiming is true.

Sheesh, get some sophistication man, and stop watching that god damn idiot box.
I for once have lost the words for a comeback with this comment. I mean what can you say when someone said "get some sophistication". it in it self is wrong on so many levels where i dont even know where to start. I perhaps lacks the sophistication required to answer this question. I am very bad in English, but may i suggest you to say "get sophisticated" instead.
anyway i dont watch TV that much, but perhaps i spent too much time starring at this idiot box trying to reply to your post by lowering my self to your level.
 

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for one, how is it short sighted, for two, after i've read your entire gibberish, i still didn't find how is it short sighted. so stop your internet bullying and learn some internet etiquette.
How is it short sighted? Because you know nothing of the shady dealings of the banks that were issuing these loans. They were selling, then shorting loans that didn't even exist (hadn't actually been issued), to get more money to package and sell more non-existent "sub prime" loans, to keep the bubble inflating. They then packaged these in to CDO's and other instruments and sold them as AAA rated stock. Fraud upon fraud, upon fraud. These banks, such as Goldman-Sachs knew that they were selling garbage mortgage securities and carried on doing so.



did you even read the so-called proof you provided in your later post, it even said that the $24 Trillion is speculation and overly inflated. matter of fact, I think the pressing question is "CAN you even read". I understand the 1 trillion bailout lacks the transparency we would like to see, but inflating 2-3 trillion to 24 trillion seems to be witch hunt to me.
Yes, I read the article. Do some more research and you will see that there really is a 24 trillion credit line extended to these "too big to fail" banks, and your labor is the guarantee for this. Are you happy with the model of socializing the risk, while privatizing the profit?



I dont know about you, but i am actually supporting the bailout. in case you have alzheimer's disease, let me refresh your memory. last year during October, congress rejected the 700 billion bailout bill for the first time. the stock market drop 700 points in one day.
Would you care to share these "facts" with me?

The process of bailing these banks out is only delaying the inevitable.

The fact remains that these banks are mostly insolvent and up to their eyes in massively leveraged debt.

The banks, along with insurance companies have actually bet, and made money on these loans failing.

Congress was terrorized by the Fed into passing that bill.

is this from one of those mass e-mail again, talking about a state to state block party. if you actually do the number, this idea is full of sh!t. the numbers dont add up. plus 8 trillion is about 72% of our current national debt. to be honest, this got to be the stupidest thing I have heard on this subject. its like you are saying lets pile on another 72% more debt so the next few generations will get screw so we don't have to pay mortgage. BTW why would anyone want to spend money on someone's mortgage anyway.
No, its not. Why don't you look up the actual public debt figures?
For everything, mortgages, credit cards, auto loans etc etc etc, the figure is estimated at 9 Trillion for 2009.


Obviously, your reading comprehension isn't as great as you would think. Nor is your English.
I didn't say I think homeowners mortgages should be paid off by the government, I simply stated that it would be better than the money being stolen from the American people, and thrown into the Wall St black hole, just to make the inevitable crash even greater.

What's good for Wall St is not good for the American public. Somehow, you think Wall St profits are what makes the world go round. They aren't.
Goldman Sachs is posting great quarterly "profits", while over 1 million US jobs were lost in that same quarter.


this I agreed with you, the Banks should not refuse to show where the money have gone. but on the other hand, our congress have open their mouth and said damaging things merit all the time.
Ummm... What? Are you using the Babelfish translator?


what kind of backward logic is this? are you one of those "guns kill people not people kill people" kind of guy? just because you can borrow money in a amount that you are not able to pay back doesnt mean you should go borrow it. its the same thing as just because banks have money doesn't mean you have to go rob it. what ever happen to be responsible for your own actions, or accountability? is this what your parents have taught you? is this what you are teaching to your kids today? no wonder America is going down the sh!t hole.
There you go again, blaming the public. As said above, a vast percentage of these sub prime loans were never even loaned to physical people. They were "sold" then shorted to keep the bubble inflating.
Predatory lending practices and huge deregulation of lending laws and standards are what allowed these loans to be made. They were loaning people money that they CLEARLY knew could not pay them back. One story tells of a Mexican strawberry picker in California, who spoke no English and was earning $14000 a year, and was given every penny of a $720,000 loan to buy a house.
This is how crazy these lenders were. They totally abandoned sensible and ethical lending practices.


derivatives are design to minimize risk, but individuals failed to act responsibility when they gamble against the unknown odds. I personally still don't see how the ultimate motive behind derivative is to reduce the stander of living as you put it though. once again, need proof.
Yeah, that's the official story. You're just repeating what the crooks on TV told you. It may have minimized risk for the Wall St banksters, but ended up screwing over almost everyone invested in the stock market. Because of this scam, banks and investment firms were able to leverage their derivatives to a grand (estimated max)total of around $1.5 Quadrillion (1,500 Trillion). The entire planet with everything on it does not even come close to covering this. It's a giant scam and everyone bought into it.
A giant transfer of wealth is occuring. Transfer of our wealth to the bankers. The currency is inflating due to massive debt creation, thus robbing savers/fixed income/fiscally responsible people of buying power.


once again, where is the proof? show me how sub prime crises is not real, how counties around the globe is not being effected by it. if you can do that, I can show you how the $24 trillion really does exist. maybe you lived a shelter life, but I am certainly living an American dream. its not exactly fine and dandy as they shown in movies, but it sure is better than what could of happen if I didn't start a new life here.
I didn't say it wasn't real, but its small fries compared to the CDO's, CDS's and derivatives market as a whole. It just so happened that the sub-prime scam reared its ugly head before the rest of the financial scams did.

Look out for the commercial real estate collapse, coming soon to a city near you.

The funny thing is, you'll probably say "oh well, they over expanded too quickly. Tough luck." But then you're all for bailing out the criminals that facilitated it.
People with a far better grasp of economics than you or I are saying exactly what I am saying and have been warning of this coming crisis for years. Of course the wall street cheerleaders have scoffed at such suggestions and time and again have been proven dead wrong.



I personally dont think they should be paid that much, but the reality is, their salary and bonuses are written in their contract and budgeted for. what happen to the lending crises is not 100% their fault. BTW show me how my bailout go directly to their pockets. because it is certain that their salary and bonuses is minute compare to the hundred billions they need to secure the bad assists.
That's not the point, fool. The point is, these idiots are being handsomely rewarded for defrauding their investors and the American taxpayer. If anyone other than a Wall St exec was involved in fraud of this nature, they would be behind bars by now. Bernie Madoff is just the tip of this giant iceberg.


once again, there is another thread for conspiracy theories. so show some solid proof before you move your fingers. also please actually read the entire article before you post next time.
What does this even mean? Are you suggesting that conspiracies don't exist?


this is the only claim that makes sense in this post, but how does this goes with being short sighted? you matter of fact just agreed with me on the fact that lending money to people is not the best actions right now. also perhaps the government didnt learned the lesson of selective borrowing, but it sure did learn something if what your claiming is true.
The lending practices of these banks have nothing to do with the government, unless you are talking about fannie mae and freddie mac (part of the problem). They are not scared of losing money, they are busy using the bailout money they were given, to make even more money for themselves.
They have even been allowed to mark to model (what they claim their investments are worth), rather than mark to market(what the actual market value is), which is one of the reasons these banks are showing good profits, when they are essentially bankrupt.

Another point to make is that these same banks are no longer issuing letters of credit to businesses that need to buy stock. It is not just mortgages that are involved here, it is also industry.

Also, your 2-3 trillion claim is way, way off. Where are you getting your information from? In 2008 Bloomberg were reporting that the pledged bailout had reached 7-8 Trillion.
 

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one bank that wasted the bailout money and the government did nothing to stop it was the buyout of national city by pnc bank. the bail out money was for bailing out the bank in trouble not the strong banks to buy out the struggling banks to make them self stronger. after the fact pnc bought out national city did the government step in and say since you bought out national city you have to shut down x number of banks. what happens to all those employees???? standing in line for unemployment.
 

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Damn you Krisboro... Thinking people actually need to know what's going on... you're just a terrorist!

:crackup: :drunk: :retard:

Thanks for the Max Kaiser videos... those were entertaining.
 

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You're very welcome, sir.

If only ordinary people would get out of this left/right bs and quit worshipping the corrupt market, we might be able to fix things.

You are more than right with your evaluation in what is happening here, on more than 1 front, yet told to shut up, merely because you're not a US slave (rather a Canadian slave).
I'm not entirely sure how this makes your viewpoint any less worthwhile, but at least you didn't get banned. Right?
 

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Honestly, I want to punch this wu-dot-immigrant in the face. He knows nothing of this country and it's history, He knows zip-zero about what really happens on Wall St.
A true slave of the Wall St. bankers.
Learn our laws. Respect our laws. Don't waste your time defending a practice that is designed to take your wealth away.
READ!
Inform yourself and others.
Educate yourself.
Perhaps then, you may turn from a bootlicking Wall St whore, to a thinking person.

I'm prepared to argue this out until you literally don't have a pot to piss in. You will be proven to be wrong.
 

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You're very welcome, sir.

If only ordinary people would get out of this left/right bs and quit worshipping the corrupt market, we might be able to fix things.

You are more than right with your evaluation in what is happening here, on more than 1 front, yet told to shut up, merely because you're not a US slave (rather a Canadian slave).
I'm not entirely sure how this makes your viewpoint any less worthwhile, but at least you didn't get banned. Right?
I'm actually a dual Citizen slave. My grandparents (on my mother's side) are/were Americans, and My mother is dual citizen... and luckily that was passed on to me. I see myself as being fortunate because reality is I could have been born in Haiti or Zimbabwe just as easily.

Yea, I'm not so sure why people can't separate the message from the messenger. I guess it's just because people like to hear/believe whatever it is they know/want to hear... People enjoy hearing/knowing that they're the biggest/baddest/best at everything (even if they did absolutely nothing to earn it). When that's how you've been raised and that's all you've heard your entire life you don't question it. When someone tells you something that contradicts your core beliefs they almost always attack the messenger instead of trying to use logic to break down the arguments presented.

The biggest thing I don't understand is how so many Americans have been brainwashed into thinking that everything with the words "capitalism" and "free market" is inherently positive/good for them. They have no problem being fleeced/ripped off so long as it's in the name of the "free market". Americans have been tricked into voting against their best interest for many years now... Sure, you're making/saving a few more bucks on the front end (short-term) but what are you loosing on the back end (long-run)? You can only ignore the long term repercussions of your actions for so long before they catch up with you.

I do believe in ideas and principles of capitalism and the free market... but it's not truly free when a handful of elites own/control everything.
 
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