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Yes, Virginia, It Is Bernanke's Fault
Commented Dec 08, 2009 at 14:19:28 in Business
“Summary of efforts of CarolAB and PotomacOracle!
From vooter!
Bernanke’s FED Created the housing bubble knowing America's industrial base had been purposefully destroyed by Wall Street leaving ONLY Economic Option - Turning Americans into professional consumers.”
From vooter!
Bernanke’s FED Created the housing bubble knowing America's industrial base had been purposefully destroyed by Wall Street leaving ONLY Economic Option - Turning Americans into professional consumers.”
outnow replied on Dec 08, 2009 at 15:46:53
“Consumers without jobs or credit are soon-to-be debtors going hungry and homeless. I believe that the bansters and the Bush Administration wanted to leverage the economy into wars for oil and pipeline routes. The entire housing scam was needed to create a false sense of financial security at home so that the oil and banking cartels could seize energy resources and political power. The huge up-front fees and bonuses allowed the "financial industry" to spread over ten billion dollars around Washington, D.C. during the paswt decade alone.
Ever bit if this was planned out - even if it was a gamble. Just follow the money like the bounching red ball. The perpetrators are in plain sight.”
Ever bit if this was planned out - even if it was a gamble. Just follow the money like the bounching red ball. The perpetrators are in plain sight.”
Yes, Virginia, It Is Bernanke's Fault
Commented Dec 08, 2009 at 13:56:33 in Business
“FED FAILED IN EVERY WAY POSSIBLE! ON PURPOSE?
Policy machinations of Greenspan began in 2005 when bank were saturated in derivative bets!
Greenscam boosted bank balances by changing how they valued assets by ordering Scope of Work Rule to replace the Departure Rule.
Greenscam allowed appraisers to use foreclosures/duress sales to determine "market" value of real estate as never done BEFORE to allow banks to start dumping bad real estate loans and at the same time maintain their capital requirements.
Greenscam knew Banks could not sell these loans for less than loan amounts to maintain fiduciary responsibility.
So Banks created derivative packages and sold them to the REITs who can discount the packages and then used the new rule to get values down and Chinese bought billions some at ten cents on the dollar as real estate values plummet 25%-60%.
Since 1925 values for average price per square foot remain fairly steady through 2007 but Greenscam changed all that!
FED’s own internal auditors raised red flags about subprime lending and the Fed Regulator didn’t police lenders’ compliance with laws protecting borrowers
http://www.msnbc.msn.com/id/33041360/ns/business-washington_post
FED completely ignored Collapsing Subprime Lending
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/26/AR2009092602706.html”
Policy machinations of Greenspan began in 2005 when bank were saturated in derivative bets!
Greenscam boosted bank balances by changing how they valued assets by ordering Scope of Work Rule to replace the Departure Rule.
Greenscam allowed appraisers to use foreclosures/duress sales to determine "market" value of real estate as never done BEFORE to allow banks to start dumping bad real estate loans and at the same time maintain their capital requirements.
Greenscam knew Banks could not sell these loans for less than loan amounts to maintain fiduciary responsibility.
So Banks created derivative packages and sold them to the REITs who can discount the packages and then used the new rule to get values down and Chinese bought billions some at ten cents on the dollar as real estate values plummet 25%-60%.
Since 1925 values for average price per square foot remain fairly steady through 2007 but Greenscam changed all that!
FED’s own internal auditors raised red flags about subprime lending and the Fed Regulator didn’t police lenders’ compliance with laws protecting borrowers
http://www.msnbc.msn.com/id/33041360/ns/business-washington_post
FED completely ignored Collapsing Subprime Lending
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/26/AR2009092602706.html”
PhilipTaylor replied on Dec 08, 2009 at 14:19:28
“Summary of efforts of CarolAB and PotomacOracle!
From vooter!
Bernanke’s FED Created the housing bubble knowing America's industrial base had been purposefully destroyed by Wall Street leaving ONLY Economic Option - Turning Americans into professional consumers.”
From vooter!
Bernanke’s FED Created the housing bubble knowing America's industrial base had been purposefully destroyed by Wall Street leaving ONLY Economic Option - Turning Americans into professional consumers.”
Yes, Virginia, It Is Bernanke's Fault
Commented Dec 08, 2009 at 02:29:57 in Business
“The latest Rassumussen poll shows 79% of Americans Want an Audit of the Fed, Only 21% are in Favor of Confirming Bernanke, and Only 20% Think Geithner is Doing a Good Job
http://www.zerohedge.com/article/79-americans-want-audit-fed-only-21-are-favor-confirming-bernanke-and-only-20-think-geithner”
http://www.zerohedge.com/article/79-americans-want-audit-fed-only-21-are-favor-confirming-bernanke-and-only-20-think-geithner”
DI-1957 replied on Dec 08, 2009 at 10:18:30
“Which means he's a lock to be confirmed. Our reps don't vote with the polls unless it jives with the corporate angle.”
nThenwhat replied on Dec 08, 2009 at 02:40:53
“Yeah, I especially like the part where it says .... "The Economy Cannot Recover Until Bernanke and Geithner are replaced"”
A Tale of Two Obamas
Commented Dec 07, 2009 at 13:01:44 in Politics
“That will take 8 years before the first shovel hits the ground!”
dadw5boys replied on Dec 07, 2009 at 13:44:57
“They put out the contracts 4 months ago for bids.”
A Tale of Two Obamas
Commented Dec 07, 2009 at 12:36:26 in Politics
“That is a high probability scenario!”
Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy
Commented Dec 02, 2009 at 00:53:25 in Business
“WHAT HAS THE FED Reserve (19l3) Done for AMERICA by setting Interest Rates and Regulating Banks?
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
schatsie replied on Dec 02, 2009 at 08:17:38
“Great post, specially like the Bubbles, Busts, and Bailouts....sounds like a book title!”
Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy
Commented Dec 02, 2009 at 00:51:20 in Business
“Do NOT confirm BERNANKE until the audit is complete and fully understood!”
schatsie replied on Dec 02, 2009 at 08:16:27
“Bingo, just what I was going to say...... Let him wait in the wings until the audit is thorough and complete...and going forward no more secret meetings.....”
Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy
Commented Dec 02, 2009 at 00:49:35 in Business
“Have you noticed the TRACK RECORD of the FED?
Could they have done any WORSE?”
Could they have done any WORSE?”
PhilipTaylor replied on Dec 02, 2009 at 00:53:25
“WHAT HAS THE FED Reserve (19l3) Done for AMERICA by setting Interest Rates and Regulating Banks?
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
Sharing the Privilege of Abundance
Commented Nov 27, 2009 at 16:54:26 in Impact
“Why NOT? And G0LDMAN should donate all their Christmas BONUSES!”
MacQ replied on Nov 27, 2009 at 17:17:38
“I said you "could", not that you should.
Unlike you, I'm not into deciding what others "should" do with their resources.”
Unlike you, I'm not into deciding what others "should" do with their resources.”
Sharing the Privilege of Abundance
Commented Nov 27, 2009 at 14:19:06 in Impact
“But But G0LDMAN set aside $500 Million for Small Business or 2% of their Employee Christmas Bonuses so they feel their Public Relations Goals have been met!
G0ldman paid 1% in Taxes = What could be more moral and righteous than that?
Just think if G0LDMAN gave the $23 Billion in Christmas Bonuses to feed the WORLD'S People!”
G0ldman paid 1% in Taxes = What could be more moral and righteous than that?
Just think if G0LDMAN gave the $23 Billion in Christmas Bonuses to feed the WORLD'S People!”
MacQ replied on Nov 27, 2009 at 14:54:25
“Maybe you could forego part of your income and feed one whole family for a year.”
Lloyd Blankfein Gives Thanks
Commented Nov 27, 2009 at 04:48:13 in Business
“Blankfein has a lot to be thankful for this year... SUMMARY:
1. $27 million Central Park suite.
2. $63.6 Billion in bailouts and backstops from taxpayers = most never paid back.
3. $23 Billion in compensation and bonuses Goldman will dole out this year.
4. Being "Too Big to Fail" so taxpayers REFILL CASH REGISTERS
5. $100 Million trading days using TRICKS, Automation, Illegal Trade Intercepts, Massive Risk dumped on others
6. Top corporate lobbyists on payroll working day and night to prevent regulations.”
1. $27 million Central Park suite.
2. $63.6 Billion in bailouts and backstops from taxpayers = most never paid back.
3. $23 Billion in compensation and bonuses Goldman will dole out this year.
4. Being "Too Big to Fail" so taxpayers REFILL CASH REGISTERS
5. $100 Million trading days using TRICKS, Automation, Illegal Trade Intercepts, Massive Risk dumped on others
6. Top corporate lobbyists on payroll working day and night to prevent regulations.”
Arianna Discusses Obama's Afghanistan Decision On Charlie Rose (VIDEO)
Commented Nov 26, 2009 at 08:14:33 in Media
“If We must have a War of Choice then:
Let the WAR Profiteers who BENEFIT pay for their VENTURES!
Payment for this = Same ones benefitting from the OPERATION
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
Let the WAR Profiteers who BENEFIT pay for their VENTURES!
Payment for this = Same ones benefitting from the OPERATION
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?
Commented Nov 25, 2009 at 23:04:57 in Business
“WHAT HAS THE FED Reserve (19l3) Done for AMERICA by setting Interest Rates and Regulating Banks?
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
FED has worked to DRIVE AMERICA from
# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009
It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!
Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!
We need to wrestle control back to OUR Government of Our Monetary Policy!
It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!
Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!
We must Democratize the FED!
The FED is now run to create Bubbles and Busts.
Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS”
Peabodies replied on Nov 28, 2009 at 14:00:29
“No, Philip, the goal is to dismantle the Fed. We don't need them. Otherwise, why have a Department of the Treasury?”
DebtNavigation replied on Nov 26, 2009 at 08:25:28
“A short, easily remembered slogan for the next few years when we are all challenged to make sure the Fed does not make it to its centennial:
JACKSON NOT JEKYLL!”
JACKSON NOT JEKYLL!”
Will The Unemployment Disaster Be Obama's Katrina?
Commented Nov 24, 2009 at 02:32:04 in Politics
“OUR GOVERNMENT IS NOT ACCUSTOMED TO THE VOCAL, INFORMED, AND UNEMPLOYED MASSES THAT NOW DOMINATE EVEN WALL STREET AND LOBBY MONEY!
Yes Arianna! - WE ARE ON THE PATH OF PERMANENT CHANGE NOW IN WASHINGTON
1. Where is “Value Added” Manufacturing and Green Energy? - Use TARP to jump start!.
2. Use TARP for loans to Main Street small businesses. Local Banks+Credit Unions should also get HELP to lend to Main Street.
3. Fund public services in states & cities
4. Offer business tax credits for every new job created over the next 12 months”
Yes Arianna! - WE ARE ON THE PATH OF PERMANENT CHANGE NOW IN WASHINGTON
1. Where is “Value Added” Manufacturing and Green Energy? - Use TARP to jump start!.
2. Use TARP for loans to Main Street small businesses. Local Banks+Credit Unions should also get HELP to lend to Main Street.
3. Fund public services in states & cities
4. Offer business tax credits for every new job created over the next 12 months”
balloonloon replied on Nov 24, 2009 at 03:54:02
“I'll select what's behind door #2 -- With special emphasize on Credit Unions (CU)
('bank' is a four letter word in the CU industry). Generally, most CU's are equipped
with the infrastructure to reach out to Main Street in real-time via their Biz
Development departments. Basically Biz Development execs are community,
'boots on the ground' -- day in and day out they're continually connecting with
businesses through a industry wide practice called 'SEG' (Special Employee Groups).
I could go on--but in a nutshell, you are spot-on in identifying CU's. Let's put some serious
money to work on Main Street via CU's (they truly have their fingers on the pulse of
local industry).”
('bank' is a four letter word in the CU industry). Generally, most CU's are equipped
with the infrastructure to reach out to Main Street in real-time via their Biz
Development departments. Basically Biz Development execs are community,
'boots on the ground' -- day in and day out they're continually connecting with
businesses through a industry wide practice called 'SEG' (Special Employee Groups).
I could go on--but in a nutshell, you are spot-on in identifying CU's. Let's put some serious
money to work on Main Street via CU's (they truly have their fingers on the pulse of
local industry).”
JackRusselTerrier replied on Nov 24, 2009 at 02:47:52
“#4 is an especially good idea.”
Sarah Palin, Fill Out this Map!
Commented Nov 23, 2009 at 03:05:29 in Politics
“Kansas, Florida, Alaska, and Rhode Island!”
Don't Mess With Maria
Commented Nov 23, 2009 at 02:31:54 in Politics
“Don't Mess with Maria!
She understands and she is NOT going to take it anymore!
We need 99 MORE like HER!”
She understands and she is NOT going to take it anymore!
We need 99 MORE like HER!”
Sunday Roundup
Commented Nov 22, 2009 at 06:18:44 in Media
“F0X SPECIALIZES ON INACCURATE OPINIONS!”
Sunday Roundup
Commented Nov 22, 2009 at 06:17:46 in Media
“Ignore at the peril of our Society!
Oh the Webs of innuendo he weaves!”
Oh the Webs of innuendo he weaves!”
The Key Question No One Asked About Goldman's Role In The AIG Bailout
Commented Nov 22, 2009 at 04:48:20 in Business
“Yes we did but G0LDMAN knew all along as they are feed all the relevant info in a timely manner!”
The Key Question No One Asked About Goldman's Role In The AIG Bailout
Commented Nov 22, 2009 at 02:52:33 in Business
“But it sure Helped G0LDMAN!”
Jobs, Jobs, Jobs -- Finally
Commented Nov 18, 2009 at 12:31:57 in Politics
“REPAIR DISTORTED TAX SYSTEM AND USE RESULTING REVENUE TO BUILD MANUFACTURING!
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.”
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.”
JohnnyWalkerBlueLabel replied on Nov 18, 2009 at 12:56:46
“The only non-distorted tax system is one where all pay the same rate. The biggest distortion occurs when you take people off the tax rolls (like Bush 43 did to take more off the rolls than any previous president.) People removed from the tax rolls have no skin in the game, except to ask for free handouts from the treasury. When people realize they can vote themselves the treasury, democracy comes to an end.”
Jobs, Jobs, Jobs -- Finally
Commented Nov 18, 2009 at 12:24:55 in Politics
“MAIN STREET/URBAN AMERICA DESERVES A BREAK TOO: $23.7 Trillion to MAIN STREET
THE STIMULUS PACKAGE KN0CKED 5.0% Off Unemployment Rate Compared to THE BUSH TREND!
Bush and Republicans are responsible for 88% of the INCREASE in Unemployment to Date!
=(4.2% Bush Increase) /(4.2%+0.9% 0BAMA Increase) = 88% Bush Responsible
__________ __________ __________ _
4.7% Unemployment September 2008
8.9% Unemployment Rate at End of Bush Control - February 2009 Signed began in March
4.2% Increase With Bush in Control
9.8% September 2009 Unemployment Rate
0.9% Increase Since 0bama took control (9.8% - 8.9%)
+Bush increase last Five months 4.2% Total or 0.84%/ month
14.8% Bush Projected Unemployment Rate for September 2009 = 8.9% +0.84% X 7 months=
14.8%!
5.0% Reduction in Unemployment by Stimulus Package compared to Projected Bush Unemployment (14.8% Bush Projected Rate - 9.8% Actual = 5.0% Savings)
Benefits to average worker are haphazard versus MASSIVE AID to Wall Street TBTF Banks!”
THE STIMULUS PACKAGE KN0CKED 5.0% Off Unemployment Rate Compared to THE BUSH TREND!
Bush and Republicans are responsible for 88% of the INCREASE in Unemployment to Date!
=(4.2% Bush Increase) /(4.2%+0.9% 0BAMA Increase) = 88% Bush Responsible
__________ __________ __________ _
4.7% Unemployment September 2008
8.9% Unemployment Rate at End of Bush Control - February 2009 Signed began in March
4.2% Increase With Bush in Control
9.8% September 2009 Unemployment Rate
0.9% Increase Since 0bama took control (9.8% - 8.9%)
+Bush increase last Five months 4.2% Total or 0.84%/ month
14.8% Bush Projected Unemployment Rate for September 2009 = 8.9% +0.84% X 7 months=
14.8%!
5.0% Reduction in Unemployment by Stimulus Package compared to Projected Bush Unemployment (14.8% Bush Projected Rate - 9.8% Actual = 5.0% Savings)
Benefits to average worker are haphazard versus MASSIVE AID to Wall Street TBTF Banks!”
My Financial Plan
Commented Nov 14, 2009 at 04:31:40 in Politics
“LEVITT SAYS CLINTONITES’ SUMMERS and RUBIN plus FED’s GREENSPAN TOLD CLINTON THE MARKET COULD BEST MANAGE ITSELF! = CRISIS we NOW FACE!”
My Financial Plan
Commented Nov 14, 2009 at 04:18:25 in Politics
“WHAT MUST BE DONE:
1. We need to have New Laws to separate FDIC insured banks from the risks of investment banks!
2. Only Simplest and most visible forms of derivatives should be allowed!
3. Disarm derivatives’ RISK to STOP another cascading failure of "too big to fail" BANKS!
4. Remove "entanglements of derivatives exposures" among oversize banks
5. Reduce FED’s Regulator Responsibility = focus on monetary policy which it also FAILED miserably.
6. D0DD’s bill Creates new Single Regulator which Banks will find harder to Control
7. FED reorganized = eliminate Bankers making decisions at 12 FED Banks
8. Prevent Banks “deciding who will be their regulator.”
9. Make financial system =“Servant of the Real Economy rather than the BANKS."
10. Remove "Tier Three" "OFF-Balance-Sheet" accounting that hides debt
11. EXCESSIVE Wall Street FEES Hidden in Derivatives were used to skim money into Employee Pockets”
1. We need to have New Laws to separate FDIC insured banks from the risks of investment banks!
2. Only Simplest and most visible forms of derivatives should be allowed!
3. Disarm derivatives’ RISK to STOP another cascading failure of "too big to fail" BANKS!
4. Remove "entanglements of derivatives exposures" among oversize banks
5. Reduce FED’s Regulator Responsibility = focus on monetary policy which it also FAILED miserably.
6. D0DD’s bill Creates new Single Regulator which Banks will find harder to Control
7. FED reorganized = eliminate Bankers making decisions at 12 FED Banks
8. Prevent Banks “deciding who will be their regulator.”
9. Make financial system =“Servant of the Real Economy rather than the BANKS."
10. Remove "Tier Three" "OFF-Balance-Sheet" accounting that hides debt
11. EXCESSIVE Wall Street FEES Hidden in Derivatives were used to skim money into Employee Pockets”
vippy replied on Nov 16, 2009 at 10:24:33
“Did you read the article in Huffpo last week where one senator suggested we need even less transparency with the banks?”
PhilipTaylor replied on Nov 14, 2009 at 04:31:40
“LEVITT SAYS CLINTONITES’ SUMMERS and RUBIN plus FED’s GREENSPAN TOLD CLINTON THE MARKET COULD BEST MANAGE ITSELF! = CRISIS we NOW FACE!”
Of Billionaires, Bailouts and Bonuses
Commented Nov 12, 2009 at 06:42:28 in Business
“TEN POINTS:
1. BANKSTERS GOT R1CH EASY WAY=USING HIDDEN FEES ON CROOKED INSURANCE! CASINOS are MORE Regulated!
2. BANKSTERS CREATED VALUE FOR THEMSELVES EXTRACTING VALUE FROM SUCKERS WHO F00LISHLY THOUGHT MARKETS WERE FAIR.
3. BANKSTERS SKIMMED-OFF PROFITS BY DUMPING RISK (Hedging) on OTHERS+TAXPAYERS. BANKSTERS USE Taxpayer Money to Continue their Leveraged SCHEMES.
4. Financial Services=NOT America's future! Making goods=Look at China #1 Creditor Nation!
5. BONUSES =KEEP THEIR BEST AND BRIGHTEST (MOST UNETHICAL) TH1EVES? This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY EASY SCAMS! MUST GO!
6. BANKSTER System PROFITS=SKIMMED INTO EMPLOYEE POCKETS= NO SUCCESS
7. WALL STREET INCOMES = 400 to 550 TIMES the Average American
INEQUALITY=BUILDS THRIFT+CHARACTER IN POPULOUS = G0D’S WILL+NATURAL ORDER
INEQUALITY=Hard work+ Excellence+ Economic growth+30 Million Unemployed
INEQUALITY= Saves Stardom for the STARS?
We must Return to a TOP TAX RATE of 63% to 94% for 50 years pre-Reagan on incomes over $550,000 (70% on $212,000 in 1981)!
8. BANKSTER PROFITS TRICKLE-DOWN to Workers making Luxury Yachts and Such!
Untrue in Broad Sense!
TAX TOP INCOMES TO DENY DRAINING OF VALUE from REAL Economy +Replenish Gov Budgets!
9. BONUSES MEAN = NO GOVERNMENT CONTROL = MORE THEFT
10. BANKSTERS DID NOT CAUSE CRISIS (MUCH)?
Madison Avenue Mortgage Marketing+ Wall Street Created FEE LOADED MORTGAGE DERIVATIVES!
Wall Street Ownership of Government and Laws created the Vacuum of Controls on Finance!”
1. BANKSTERS GOT R1CH EASY WAY=USING HIDDEN FEES ON CROOKED INSURANCE! CASINOS are MORE Regulated!
2. BANKSTERS CREATED VALUE FOR THEMSELVES EXTRACTING VALUE FROM SUCKERS WHO F00LISHLY THOUGHT MARKETS WERE FAIR.
3. BANKSTERS SKIMMED-OFF PROFITS BY DUMPING RISK (Hedging) on OTHERS+TAXPAYERS. BANKSTERS USE Taxpayer Money to Continue their Leveraged SCHEMES.
4. Financial Services=NOT America's future! Making goods=Look at China #1 Creditor Nation!
5. BONUSES =KEEP THEIR BEST AND BRIGHTEST (MOST UNETHICAL) TH1EVES? This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY EASY SCAMS! MUST GO!
6. BANKSTER System PROFITS=SKIMMED INTO EMPLOYEE POCKETS= NO SUCCESS
7. WALL STREET INCOMES = 400 to 550 TIMES the Average American
INEQUALITY=BUILDS THRIFT+CHARACTER IN POPULOUS = G0D’S WILL+NATURAL ORDER
INEQUALITY=Hard work+ Excellence+ Economic growth+30 Million Unemployed
INEQUALITY= Saves Stardom for the STARS?
We must Return to a TOP TAX RATE of 63% to 94% for 50 years pre-Reagan on incomes over $550,000 (70% on $212,000 in 1981)!
8. BANKSTER PROFITS TRICKLE-DOWN to Workers making Luxury Yachts and Such!
Untrue in Broad Sense!
TAX TOP INCOMES TO DENY DRAINING OF VALUE from REAL Economy +Replenish Gov Budgets!
9. BONUSES MEAN = NO GOVERNMENT CONTROL = MORE THEFT
10. BANKSTERS DID NOT CAUSE CRISIS (MUCH)?
Madison Avenue Mortgage Marketing+ Wall Street Created FEE LOADED MORTGAGE DERIVATIVES!
Wall Street Ownership of Government and Laws created the Vacuum of Controls on Finance!”
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