Big Gov at Work for Us

[boxcar]

Gotta love these crooked banks and even more theivin' Big Gov. The banks ain't sayin' where the bailout money is, or how specifically it's being managed. The entire banking industry has wrapped itself in a dark cloak of secrecy. And what is our government's reaction to this kind of unmitigated gall, this audacious temerity, this unbelievable arrogance by the banks?

Warren, the congressional watchdog appointed by Democrats, said her oversight panel will try to force the banks to say where they've spent the money.

"It would take a lot of nerve not to give answers," she said.

But Warren said she's surprised she even has to ask.

"If the appropriate restrictions were put on the money to begin with, if the appropriate transparency was in place, then we wouldn't be in a position where you're trying to call every recipient and get the basic information that should already be in public documents," she said.

Someone should tell this airhead that if IFs and BUTS were CANDY and NUTS, everyday would be Christmas! The $64. question here is: Why weren't our elected representatives looking out first and forermost for The People's interests? Why weren't restrictions and strict accountability requirements put in place before Big Gov cut loose with all that $$$$$$$$$?

And Paulson is apparently in collusion with the banks. Note what he says, "What WE'VE been doing...". But what he's not doing is demanding transparency from the banks. He, too, is giving only vague, generalized, generic answers. He, too, along with Congress is a Robber Baron.

"What we've been doing here is moving, I think, with lightning speed to put necessary programs in place, to develop them, implement them, and then we need to monitor them while we're doing this," Paulson said at a recent forum in New York. "So we're building this organization as we're going."

And this is the kind of government to which we're supposed to entrust our personal health care needs? To run the 8th largest industry in America? :bang: :bang: :bang:

Tom is right. This nation is ripe for a revolution!

http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets

Boxcar

[sammy the sage]

John Adams

Thomas Jefferson

Both FORE-TOLD this mess!

The BANKS will inflate/deflate us till we're broke...WAIT....we already are :( :mad:

so now the gov. in COLLUSION w/the banks are now in the process of DESTROYING the dollar...so here will argue just the opposite...( :rolleyes: :lol: imagine that)...it's only been tempory fix's...and SHORT term props....long-term...means UTTER destruction of the dollar!

WHY...ask yourself... :confused:

there are TWO possible answer's....I don't Know which is right....

some debate/discussion...(FORGETTING party lines)...would be appropiate and greatly appreciated....

ps......those 2 answer's...well...perhap's there's another...I don't know :bang:

will post after some other's chime in :cool:

[jonnielu]

John Adams

Thomas Jefferson

Both FORE-TOLD this mess!

The BANKS will inflate/deflate us till we're broke...WAIT....we already are :( :mad:

so now the gov. in COLLUSION w/the banks are now in the process of DESTROYING the dollar...so here will argue just the opposite...( :rolleyes: :lol: imagine that)...it's only been tempory fix's...and SHORT term props....long-term...means UTTER destruction of the dollar!

WHY...ask yourself... :confused:

there are TWO possible answer's....I don't Know which is right....

some debate/discussion...(FORGETTING party lines)...would be appropiate and greatly appreciated....

ps......those 2 answer's...well...perhap's there's another...I don't know :bang:

will post after some other's chime in :cool:


You left out Andrew Jackson, and the last president that talked about going back to actual money caught a bullet in the head decades ago.

jdl

[boxcar]

You left out Andrew Jackson, and the last president that talked about going back to actual money caught a bullet in the head decades ago.

jdl

And...we should not forget that during the Great Depression that New Deal Socialist creep wrote an Executive Order that prohibited private ownership of gold. Everyone was required to turn in their gold in exchange for essentially worthless paper money! Failure to comply would result in government confiscation and very harsh penalties, including stiff fines and/or equally as stiff prison sentences. The lone exception to this Order was whatever the government determined to be "rare, collectible" gold coins.
Such coins could remain under private ownership.

Never doubt for a moment that Incrementalism doesn't work. This truly is analogous to very slowly killing a frog in a pot of water over low heat. This nation's freedom started dying way back when the Marxist-oriented Income Tax system was made law -- and it's been all down hill since then.

I believe that the nation's condition is currently beyond critical. It is terminal!

Boxcar

[sammy the sage]

the BIGGEST ""ponzi"" scheme of all!

http://www.the-great-1929-depression.tk/

[boxcar]

the BIGGEST ""ponzi"" scheme of all!

http://www.the-great-1929-depression.tk/

Thanks for posting this link, Sammy. Great article! Sadly, though, I believe history is beginning to repeat itself -- but on an even grander scale!

Did everyone catch the part about what happened when public panic increased? The government moved at unprecedented faster rates to take "emergency measures" -- one measure after another in rapid succession. This, I predict, will happen again. Because of all this useless, wasteful unproductive and mindless government intervention we are currently witnessing and all this unrest and uncertainty we're now consequently facing, this will provide great opportunities for the Left to manufacture one crisis after another -- to pile on to ones they are in the process of creating with their ill-conceived policies; therefore they'll be able to enact "emergency measures" with little or no debate whatsoever. Great case in point are all our pinko-commie friends at the U.N. who have recently reminded the entire world that the time to act, with respect to man-made global climate change, is here NOW because if we wait any longer, it'll be too late. The Obamanation himself said as much recently.

Boxcar

[wonatthewire1]

Gotta love these crooked banks and even more theivin' Big Gov. The banks ain't sayin' where the bailout money is, or how specifically it's being managed. The entire banking industry has wrapped itself in a dark cloak of secrecy. And what is our government's reaction to this kind of unmitigated gall, this audacious temerity, this unbelievable arrogance by the banks?

Warren, the congressional watchdog appointed by Democrats, said her oversight panel will try to force the banks to say where they've spent the money.

"It would take a lot of nerve not to give answers," she said.

But Warren said she's surprised she even has to ask.

"If the appropriate restrictions were put on the money to begin with, if the appropriate transparency was in place, then we wouldn't be in a position where you're trying to call every recipient and get the basic information that should already be in public documents," she said.

Someone should tell this airhead that if IFs and BUTS were CANDY and NUTS, everyday would be Christmas! The $64. question here is: Why weren't our elected representatives looking out first and forermost for The People's interests? Why weren't restrictions and strict accountability requirements put in place before Big Gov cut loose with all that $$$$$$$$$?

And Paulson is apparently in collusion with the banks. Note what he says, "What WE'VE been doing...". But what he's not doing is demanding transparency from the banks. He, too, is giving only vague, generalized, generic answers. He, too, along with Congress is a Robber Baron.

"What we've been doing here is moving, I think, with lightning speed to put necessary programs in place, to develop them, implement them, and then we need to monitor them while we're doing this," Paulson said at a recent forum in New York. "So we're building this organization as we're going."

And this is the kind of government to which we're supposed to entrust our personal health care needs? To run the 8th largest industry in America? :bang: :bang: :bang:

Tom is right. This nation is ripe for a revolution!

http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets

Boxcar


That's what me and George Bush's cousin were sayin' just the other day when some loser was saying that we shouldn't get our big a** end of the year bonuses! We are trying to figure out what is going around in the water these days.

I've got to turn in the Lexus on lease this spring - what do you guys think, maybe a Maserati for the summer?

[DJofSD]

Gotta love these crooked banks and even more theivin' Big Gov. The banks ain't sayin' where the bailout money is, or how specifically it's being managed. The entire banking industry has wrapped itself in a dark cloak of secrecy. And what is our government's reaction to this kind of unmitigated gall, this audacious temerity, this unbelievable arrogance by the banks?

Warren, the congressional watchdog appointed by Democrats, said her oversight panel will try to force the banks to say where they've spent the money.

"It would take a lot of nerve not to give answers," she said.

But Warren said she's surprised she even has to ask.

"If the appropriate restrictions were put on the money to begin with, if the appropriate transparency was in place, then we wouldn't be in a position where you're trying to call every recipient and get the basic information that should already be in public documents," she said.

Someone should tell this airhead that if IFs and BUTS were CANDY and NUTS, everyday would be Christmas! The $64. question here is: Why weren't our elected representatives looking out first and forermost for The People's interests? Why weren't restrictions and strict accountability requirements put in place before Big Gov cut loose with all that $$$$$$$$$?

And Paulson is apparently in collusion with the banks. Note what he says, "What WE'VE been doing...". But what he's not doing is demanding transparency from the banks. He, too, is giving only vague, generalized, generic answers. He, too, along with Congress is a Robber Baron.

"What we've been doing here is moving, I think, with lightning speed to put necessary programs in place, to develop them, implement them, and then we need to monitor them while we're doing this," Paulson said at a recent forum in New York. "So we're building this organization as we're going."

And this is the kind of government to which we're supposed to entrust our personal health care needs? To run the 8th largest industry in America? :bang: :bang: :bang:

Tom is right. This nation is ripe for a revolution!

http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets

Boxcar
Reading this reminded me of the first chapter in a new book, "Enough" by John C. Bogle.

Chapter 1 - Too Much Cost, Not Enough Value

Let me begin with this wonderful old epigram from nineteenth-century Great Britain:
Some men wrest a living from nature and with their hands; this is called work.

Some men wrest a living from those who wrest a living from nature and with thier hands; this is called trade.

Some men wrest a living from those who wrest a living from those who wrest a living from nature and with hands; this is called finance.

The next page has 4 bullets which reminds us of some fundamental definitions then has this sentence: The essential truth, then, that sums up each of these inarguable points: On balance, the financial system subtracts value from our society.
So, what do you call the elected politicans that let all of this happen? From the liar loans, to the whole sale sacking of the US Treasury to prop up the New York Fed, from the pimp govenors and state's attorney generals that break the laws they're suppose to enforce and took an oath to uphold?

[HUSKER55]

it is called treason. The problem is we have too many politicians that do not have the charactor to challenge them, let alone prosecute them.

There was a time when "men of honor" had value. Not any more. Has anyone ever thought about what it would take to bring standards back into play? Better yet, get them enforced?

[Tom]

Ballots or bullets?

[DJofSD]

Ballots or bullets?We've tried the former. The only option left is the latter. :mad:

[sammy the sage]

Again, wake up to what is going on...

The enemy isn't the Republicans or Democrats....It's the banker-controlled corporatocracy that owns both and uses them to distract us from the insidious confiscation of our freedoms, wealth, and vitality.

[sammy the sage]

Ask yourself...WHY :confused:

http://www.reuters.com/article/email/idUSTRE4BA47420081211

[PaceAdvantage]

Ask yourself...WHY :confused:

http://www.reuters.com/article/email/idUSTRE4BA47420081211So then, what this article might be saying is that things aren't as bad as the doomsayers might want us to believe? Hmmmm....interesting....

Kind of lends credence to that whole "Financial crisis invented by Dems to elect Obama" kooky theory....:lol:

Talk about stealing an election :faint:

[ddog]

No what it means is that dislocations aside most should roll over and resume nap time.

it's solvency/trust crisis at root. credit is a symptom.



Note to PA, it's worse than they are telling you. hang around , you will see.

[sammy the sage]

DING, ding, ding...we have a WINNER!

""it's solvency/trust crisis at root. credit is a symptom.""

Best REASONING on this board in MANY a moon!

P.A./other's who SIMPLY want to BASH one political party or the other... :confused:

IT's the CENTRAL BANK'S...most of POLITICIAN'S are corrupt in BOTH party's...take your head outta of the sand....g/jeez :bang:

[ddog]

I believe this is exactly what we have setup, even if from past good intentions....



Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society's expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.

Bankruptcy for profit occurs most commonly when a government guarantees a firm's debt obligations. The most obvious such guarantee is deposit insurance, but governments also implicitly or explicitly guarantee the policies of insurance companies, the pension obligations of private firms, virtually all the obligations of large or influential firms. These arrangements can create a web of companies that operate under soft budget constraints. To enforce discipline and to limit opportunism by shareholders, governments make continued access to the guarantees contingent on meeting specific targets for an accounting measure of net worth. However, because net worth is typically a small fraction of total assets for the insured institutions (this, after all, is why they demand and receive the government guarantees), bankruptcy for profit can easily become a more attractive strategy for the owners than maximizing true economic values...

Unfortunately, firms covered by government guarantees are not the only ones that face severely distorted incentives. Looting can spread symbiotically to other markets, bringing to life a whole economic underworld with perverse incentives. The looters in the sector covered by the government guarantees will make trades with unaffiliated firms outside this sector, causing them to produce in a way that helps maximize the looters' current extractions with no regard for future losses...."


In a nutshell , there you go, when many say who could have known , they are just running a scam on you, do not trust anyone that comes at you with that b.s.

[DJofSD]

Note to PA, it's worse than they are telling you. hang around , you will see.Yep. Get ready for option ARM and ALT-A loans to be reset. And crisis relating to auto loans. And another Warren Buffet moment when the tide goes out again -- corporate tax filings.