John M Posted December 29, 2011 Report Share Posted December 29, 2011 "experts" lol you nkow......the guys who casued errrr I mean fixed the problem. lol TMD you need to go read more, many economists etc were for letting GM, the banks etc go bankrupt inorder to clear markets and promote a quick turn around......they also predicated the mailase we have now. Link to comment Share on other sites More sharing options...
fishinambition Posted December 29, 2011 Report Share Posted December 29, 2011 c'mon dont go pissin in the koolaid Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 "experts" lol Yes, experts, unlike the laughable ditto-heads that were saying we should have done nothing - most of whom waited till way after the fact to start in with their asinine pontificating concerning the woe's of liberalism....blah, blah, blah, [insert moronic brain fart, here.] Glad so many fans of the pundits, have such a firm grasp on running the country - it makes me "feel safe" even If I'm not. Sort of like the TSA and their fondness of "suspicious" packages, breast milk, and....well....breasts. Link to comment Share on other sites More sharing options...
fishinambition Posted December 29, 2011 Report Share Posted December 29, 2011 Yes, experts "experts" lol Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 "experts" lol you nkow......the guys who casued errrr I mean fixed the problem. lol TMD you need to go read more, many economists etc were for letting GM, the banks etc go bankrupt inorder to clear markets and promote a quick turn around......they also predicated the mailase we have now. John, I'll read more if you promise to quit agreeing with crack-pots and think for yourself. Try it. It does, unfortunately mean that you can no longer sit starry-eyed in front of the chatter-box, blowing kissies to Glenn Beck. Link to comment Share on other sites More sharing options...
John M Posted December 29, 2011 Report Share Posted December 29, 2011 "experts" lol he just means the "experts" who he agreed with and scared him less.......he prefers long term disaster over short term pain. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 Yes, experts "experts" lol "Bob," it's break time. Stay out of the PG till the whistle blows. Us grownups need a break from all the splashing. Link to comment Share on other sites More sharing options...
fishinambition Posted December 29, 2011 Report Share Posted December 29, 2011 he just means the "experts" who he agreed with and scared him less.......he prefers long term disaster over short term pain. the news did make it all sound VERY scary. too big to fail. oh no!! :bites pillow: Link to comment Share on other sites More sharing options...
John M Posted December 29, 2011 Report Share Posted December 29, 2011 John, I'll read more if you promise to quit agreeing with crack-pots and think for yourself. Try it. It does, unfortunately mean that you can no longer sit starry-eyed in front of the chatter-box, blowing kissies to Glenn Beck. so anyone who doesnt agree with your view is a crack pot and doesnt think for themsevles. so ill spin this on ya.......I suggest you seek out various view points and decide which make sense to you and not just take what the govt (creator of the problem) give you as the "best solution. Of course by "best' I mean best for those in power.....not you little people. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 he just means the "experts" who he agreed with and scared him less.......he prefers long term disaster over short term pain. the news did make it all sound VERY scary. too big to fail. oh no!! :bites pillow: http://www.moneycone.com/were-the-bailouts-necessary/ Were The Bailouts Necessary? Filed under Credit, Fraud 12 The Feds took a lot of heat for the massive bailout of Wall Street. Politicians rode it all the way to the vote bank with their fake outrage and there were some who openly agreed that the bailout was necessary. Just Take It! But were the bailouts justified? In my opinion, yes. Letting large financial corporations fail can have cascading effects throughout the world, not just the US. And the Feds can’t be selective on whom to bailout – it was either all or none and some were even forced to take bailout money to make it seem fair! Of course the Feds needed a whipping boy to make an example of. Lehman took the fall. As sordid as this affair was, it was deemed necessary. But then what did the bankers do with the bailout money? First order of business, a round of big fat bonuses for all those who helped get the bailouts! I’m all for bailing out banks if it means saving the world, but not the bankers who caused this catastrophe in the first place. What the Feds should’ve done was to throw out those responsible for this mess out as a pre-condition to the bailouts. Hell, some of them deserve to share a cell with Bernie! This is where the Feds failed. BAAAAAA! It doesn’t take a genius to tell you that if you lend money to someone with no income, chances are high that he is not going to be able to pay it back. There are Credit Rating firms that specialize in rating Securities. Moody’s, instead rated: AAAAAAAAAAAAAAA++++++++++++++++++ HIGHLY RECOMMENDED!!!! Moody’s did such a poor job as a rating agency that it almost caused an economic collapse. This is one firm that should be allowed to fail. Instead they are still doing what they do. No one was penalized. This is where the Feds failed. True 'Monstrosities!’ Sub-prime loans are still legal, there is hardly any regulation. Naked shorts are still fine. The regulations are still the same. If this were to happen all over again, no one can be held responsible because the law is lax. Goldman Sachs who played both sides of the Mortgage Securities fraud knowingly pushing mortgages doomed to fail to clients at the same time secretly taking out an insurance policy against its failure was fined a token $550million which is chump change for Goldman Sachs. Here’s what Fabrice Tourre of GS, who arranged these swaps said in an email to his girlfriend: More and more leverage in the system, The whole building is about to collapse anytime now…Only potential survivor, the fabulous Fab…standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstrosities!!! Back To P0rN! You would think the SEC would be all over this putting regulations in place to avoid a repeat. But here’s what happened. GS voluntarily agreed to 'change the way it does business’ and SEC went back to watching porn. This is where the feds failed. Shhhhh! Details are emerging that not just US companies, but even non-US companies were given a line-of-credit. Why? If Toyota needs bailing out, Japan should come to the rescue, not the US. Maybe they were forced to take the money – who knows! Why was this kept a secret? Again, this is where the Feds failed. Transparency, not secrecy with taxpayer money! This Is Where The Feds Failed The feds did what they had to do. No matter what party was in power, they would’ve done the same thing. Where the Feds should’ve been pro-active, they were simply being reactive. They know they can always count on you, the taxpayer, to bail them out. Link to comment Share on other sites More sharing options...
fishinambition Posted December 29, 2011 Report Share Posted December 29, 2011 im not reading that Link to comment Share on other sites More sharing options...
John M Posted December 29, 2011 Report Share Posted December 29, 2011 im not reading that you mean some peice he dredged up from some crack pot he agrees with isnt a good source of info? I skipped reading it also. Link to comment Share on other sites More sharing options...
Whopper Bubba Posted December 29, 2011 Report Share Posted December 29, 2011 I haven't read the thread, but I imagine the two biggest turds were proven to be the Obamination and Biden. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 im not reading that If I have to read, you have to read. Where's John.... John!!! Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted December 29, 2011 Report Share Posted December 29, 2011 im not reading that you mean some peice he dredged up from some crack pot he agrees with isnt a good source of info? I skipped reading it also. Right, GW ignored the thousands of screaming experts who implored him to do nothing and decided on his own to bail out wall street! This one guy hit the "like" button! John, you just told me to read more....read what? Just stuff that Fox news writes? I'm confused....PLEASE TELL ME WHAT TO THINK!!!! Link to comment Share on other sites More sharing options...
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