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White House CEO Visit List: See Which Execs Dined With Obama

White House CEO Visit List: See Which Execs Dined With Obama

Commented Dec 04, 2009 at 08:32:19 in Business

“And what good has it done? I saw several listed that had layoffs just this week! Our tax dollars are better spent elsewhere.

Obama should have put his faith in the people who got him elected to the White House! Business is for profit, we are for change, something Obama seems to have forgotten.

The great thing about our country are the pesky things called elections.”
Obama's Jobs Summit: Focus Turns To Putting People Back To Work

Obama's Jobs Summit: Focus Turns To Putting People Back To Work

Commented Dec 04, 2009 at 08:23:53 in Business

“A third bite at the apple? Let's see, we issued all this money to banks and lending institutions and failed to restrict or condition it not once but twice meanwhile those very institutions did exactly what they did that got us in this mess! Then, we issue a stimulus to help states...w­ho basically followed the business lead to layoff and reduce while accepting the money.
Now, we say we want banks to modify permanent mortgages to stop the viscious cycle we find ourselves in. A little too late for that. Next time you have the bull by the horns take him down.

Maybe you should live up to your campaign promises and stop the tax havens and loopholes to bring business back...oh yeah, that would upset China who is now the hand that feeds us. Perhaps your green initiatives would have put that money to better use...at least they would have hired people!

Obama, how does it feel to be doublecrossed by the very institutions that you put your faith in? Now you know how we feel.”
<em>Washington Post</em>: Ben Bernanke Has Earned Second Term

Washington Post: Ben Bernanke Has Earned Second Term

Commented Dec 04, 2009 at 08:14:34 in Business

“A sign of the times! Yesterday while driving past a home I noticed a beautiful large Nativity Scene covered with a black tarp and a handmade sign that read "Under Foreclosure!" How fitting of a depiction and visual is that to express where we are opposed to where we came from? Adding Thanks to Ben and the Banks to the sign would not hamper the meaning in the slightest.”
<em>Washington Post</em>: Ben Bernanke Has Earned Second Term

Washington Post: Ben Bernanke Has Earned Second Term

Commented Dec 04, 2009 at 08:09:46 in Business

“Amen!”
<em>Washington Post</em>: Ben Bernanke Has Earned Second Term

Washington Post: Ben Bernanke Has Earned Second Term

Commented Dec 04, 2009 at 07:29:53 in Business

“Yes, by all means allow me to be a bystandard who does nothing to warn the person a car is coming then rush over to offer assistance once the person has been struck. Hero you say? Right!”
Bank of America to repay TARP, raise cash

Bank of America to repay TARP, raise cash

Commented Dec 03, 2009 at 09:16:17 in Business

“I think there are underlying issues being overlooked. I am not so sure that a CEO search is the sole reason for the payback. This also comes on the heels of the Obama admin wanting banks to refi to keep folks in their homes, albeit this too late. Last refi report reflected little progress by BOA on behalf of borrowers. Perhaps toxic assets / bonuses are at part of the equation as well.
We have several houses in our neighborhood that have been vacated for months / year and the lender has yet to foreclose on them after filing the lis pendins. Why would a bank leave a property to sit (not even list it for sale let alone complete the foreclosure process) while not receiving payment? It is no doubt a toxic asset and my recollection was that banks were supposed to determine what they had in toxic assets. How can they do this when they leave these properties to sit in limbo?”
White House Told 'Multiple Times' Fannie, Freddie Had No Watchdog

White House Told 'Multiple Times' Fannie, Freddie Had No Watchdog

Commented Dec 03, 2009 at 09:00:08 in Business

“Good thing we have someone watching the hen house otherwise the fox may get the eggs. Were it not a daily happening where our government is involved it might actually be comical.”
Jaimee Grubbs PHOTOS, VIDEO: Pictures Of Tiger Woods' New Alleged Mistress

Jaimee Grubbs PHOTOS, VIDEO: Pictures Of Tiger Woods' New Alleged Mistress

Commented Dec 02, 2009 at 11:31:39 in Sports

“I would ask what type of person is she...but we know that already. She has a two plus year affair with Tiger then puts it out there for the public! No Shame! With all the adults in play it would have been nice for someone to consider the wife and children.
For a man who travels a lot, a one night fling is forgivable, but a two year affair? That's a hard image to over look! And to the woman who put it out there for the world to read...tis­k tisk. Your career is over as you proved you are not trustworthy nor respectful of anyone save yourself.”
Tiger Woods Apology:

Tiger Woods Apology: "I Regret Those Transgressions With All Of My Heart"

Commented Dec 02, 2009 at 11:18:48 in Sports

“And Polygyny. It's ok to have those feelings just be honest about them from the start. Don't create and market one image while living another. In my opinion it is not so much the act that offends as the lies.”
Tiger Woods Apology:

Tiger Woods Apology: "I Regret Those Transgressions With All Of My Heart"

Commented Dec 02, 2009 at 11:14:46 in Sports

“Exactly my thoughts when I heard the press conference. Did you hear about the college student who was caught sleeping in his car and what he was charged with? Same rules apply to all? My Arse!”
Kerry Daughter's DUI Charge Dropped Over Insufficient Evidence

Kerry Daughter's DUI Charge Dropped Over Insufficient Evidence

Commented Nov 23, 2009 at 19:24:40 in Politics

“Can't they administer the test on site? Then perform a follow up at the station?

You betcha!”

BethinIllinois replied on Nov 23, 2009 at 20:00:16

“Not if she refuses. People do have rights. In Illinois a refusal is an automatic charge, however. (Boy, at least I'm pretty sure about that -- but not positive..­.)

Wait a few hours and she could/might easily be below the limit.”
Bank Of America CEO Search: Why No One Wants The Job

Bank Of America CEO Search: Why No One Wants The Job

Commented Nov 23, 2009 at 17:31:10 in Business

“If "paygrade" is the measure by which we hire and retain qualified CEO's, then please explain the root cause of economic crisis and how theses overly compensated CEO's failed to detect and avoid financial collapse.

And, sorry to disappoint but we don't own a Wii.”
Goldman Sachs, Warren Buffett To Help Small Businesses

Goldman Sachs, Warren Buffett To Help Small Businesses

Commented Nov 18, 2009 at 11:05:46 in Business

“Your version of "legal" is why we have appeals!”
Goldman Sachs, Warren Buffett To Help Small Businesses

Goldman Sachs, Warren Buffett To Help Small Businesses

Commented Nov 18, 2009 at 10:41:00 in Business

“What I find amusing is that in Sept . 2008 Buffett bought into Goldman and in Mar 2009 AIG paid off Goldman to the tune of 100 cents to the dollar. Amusing why? Well, because Buffett ,made out like a bandit and was so there for Obama! I'm not accusing, I'm just saying this doesn't pass the smell test.”

sonofsamphm1c replied on Nov 18, 2009 at 10:43:37

“You need to pick the snot out of your nose because it all passes the smell test with ease

All legal

All wise

All prudent”
TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Commented Nov 16, 2009 at 08:32:37 in Business

“A crisp morning here in the Sunshine state as well, though I do miss NC and Virginia! And to see the news that 33 banks are now in default. That is the term assigned to us common folk when we miss a payment. Wonder what penalties and fees we be assessed for the 33 banks?
Wonder how much that money could have helped common folk? Wonder if we had helped the common man if the economy might have stabilized sooner? Things to ponder...o­h well, the dream is over. Back to the reality of being scr*ewed by big business and the gov't.”
Brad & Angelina Together At MOCA Gala (PHOTOS)

Brad & Angelina Together At MOCA Gala (PHOTOS)

Commented Nov 15, 2009 at 14:35:42 in Entertainment

“Where's the love and affection?”

maryrothchild replied on Nov 15, 2009 at 15:25:10

“Where's the dignity? ha ha ha”
WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Commented Nov 11, 2009 at 12:29:05 in Business

“And they say "politics makes strange bed fellows!" Politics meet Wall Street, oh yeah, they were already well acquainted and we Americans were the ones that got Scr*wed!”
WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Commented Nov 11, 2009 at 12:25:46 in Business

“Allow me to hold the door open for you, wouldn't want any delays! FYI, there are a heck of a lot of people out there looking for work who will gladly fill those positions for the pay. As to experience, well, judging from the economic crisis that experience brought upon us, I am willing to take my chances with the inexperienced.”
Elizabeth Warren: We Rescued The Top Of The System, Left The Bottom To Fend For Itself (VIDEO)

Elizabeth Warren: We Rescued The Top Of The System, Left The Bottom To Fend For Itself (VIDEO)

Commented Nov 06, 2009 at 22:07:59 in Business

“Indeed it was nice to get a healthy dose of truth and honesty!

As to the economists, it was so simple that it went right over their heads....N­O job = No money. No money = no spending. No spending = more job cut backs. The cycle continues until people can't pay the mortgage then we start the whole foreclosure matter again.

Top up approach with a trickle down does not work...cle­arly if we learned anything from the bubble it should have been the greed factor.”

sonofsamphm1c replied on Nov 06, 2009 at 23:16:46

“She's honest when she talks real softly and admits the bailouts have worked well and have stabilized the banking system.

Something she did not think they would do.

It would be nice if she would get all touchy feely and report to the American people what the value of stability in the banking system is. What did we get for our money? My hunch, the value of that success is around 12 to 24 trillion in saved American wealth.”
Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules

Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules

Commented Nov 06, 2009 at 21:37:13 in Business

“The bank robber guarding the open bank vault! Gotta love it. The other bank robber is posing as security..­.lol.”
Food Lobby Mobilizes, As Soda Tax Bubbles Up

Food Lobby Mobilizes, As Soda Tax Bubbles Up

Commented Nov 04, 2009 at 21:48:47 in Green

“While you have the right to choose what enters your body, children don't. I cringe at the thought of what schools feed these kids. I don't think consumers should pay a higher tax, I think companies producing the items should! As a long time advocate against HFCS, preservatives and sweeteners in ALL foods, I think this is a step in the right direction just aimed at the wrong people. Soda is the leading cause of liver damage, even more so than liquor! I would like to see a corporate tax expanded to cover all foods containing unnecessary chemicals. And by unnecessary lets not split hairs, I mean unnecessary.”

BluebirdofUnhappiness replied on Nov 04, 2009 at 21:57:03

“I find brussels sprouts alsolutely unnecessary. Feel free to tax them.”
Goldman Sachs Seizing Homes Subprime Mortgages Bought

Goldman Sachs Seizing Homes Subprime Mortgages Bought

Commented Nov 02, 2009 at 16:58:50 in Business

“If your argument were so sound we would not need courts nor laws! In the real world of business, greed trumps all, even the law. The law is not black and white, it is various shades of gray. So it is not so "basic."

But you hold fast and strong to your beliefs even when you come up on the short end of the stick. Funny thing about the journey of life is that we grow as individuals. Life has a strange way of changing how we feel about people and matters along the way.”
Goldman Sachs Seizing Homes Subprime Mortgages Bought

Goldman Sachs Seizing Homes Subprime Mortgages Bought

Commented Nov 02, 2009 at 16:37:17 in Business

“Actually, those renters were the very people targeted. The market ploy, "If you can afford to rent an apartment you can afford a home!"

They were told they could afford the home and the fact that they "qualified" removed any doubt.

So while there were people trying to game the system, there were also victims. You truly have no idea the lengths that companies went through to get folks to buy. When I brought up the issue that when a property was assessed the buyer would not qualify, I was literally told." it won't be our problem it will be the buyers and we will have received our bonus." Builders and lenders took full advantage of all loopholes for the sake of profit. And yes, those very businesses have closed shop and walked away with their profits in tact.”
Goldman Sachs Seizing Homes Subprime Mortgages Bought

Goldman Sachs Seizing Homes Subprime Mortgages Bought

Commented Nov 02, 2009 at 15:05:06 in Business

“Having worked in the industry, I can say with 100% certainty, that people sat down at a closing who did not speak English! With contracts written in English with a closer who only spoke English and the same applied to the loan side of it. The only people speaking the language of the buyer were those selling the home and they were the ones who also benefited via commissions from the transaction. So, some of these people were in fact victims...­victims of those who cared only for a bonus! While you may consider this reality a fantasy, it is you who suffers from delusion of thinking things are black and white, wrong or right. Greed is a powerful motivator, the economic condition at present is a prime example.”

sixyfivepercentwater replied on Nov 02, 2009 at 15:31:29

“If I were going to sign a contract I'd make darned sure I understood it. If I didn't speak the language I'd certainly bring someone with me who did, and I would never sign a contract unless I understood it completely.

When we went to buy a house we first saw our loan officer to see what terms he could give us. We were moderately amused when he came up with a huge figure that we were "qualified" for, and he said he could do "even better" for us if we'd consider an ARM. But an ARM is a bet on the future of the economy, and that has always seemed like a sucker's bet.

My point is that WE decided what we could afford based on research we had done, and we decided what kind of loan (30-year fixed) we wanted. Then we shopped for it. If people are such idiotic floppy victims that they can't do these things for themselves, maybe they should rent.”
Goldman Sachs Seizing Homes Subprime Mortgages Bought

Goldman Sachs Seizing Homes Subprime Mortgages Bought

Commented Nov 02, 2009 at 12:37:50 in Business

“Some of your comment is simply not true! Many many people could in fact afford the initial loans, what they could not afford were the increases from the ARMS. In fact, many persons were told their increase would be no more than $50.00 per year. Some of these buyers were totally mislead. And yes, some flat could not afford the home but were told they could with teaser rates that were not explained as teaser rates.

Some of these people thought they were living the American Dream, never realizing they were being scammed by builders and predatory lenders. And to those who hung on until they lost their jobs through no fault of their own...they do not deserve the blame you casts their way.”

yemaya replied on Nov 02, 2009 at 15:02:04

“exactly, blaming the victim is so easy.”

sixyfivepercentwater replied on Nov 02, 2009 at 13:48:52

“You insist on living the victim fantasy, despite the facts. No matter what the loan officers might or might not have said, the truth was spelled out in the loan documents. Anyone who signed for a loan without making sure they understood what they were signing was irresponsible. That includes understanding the nature and scope of the ARM they agreed on, and the reason they were such poor credit risks that they couldn't get a fixed rate loan. Whether the rates were explained as "teasers" is neither here nor there. The truth was in the paperwork, and the homeowners signed the papers.

I'm not "casting blame." I'm trying to point out that adults are responsible for their own actions. This desire to find someone else to blame is infantile.”
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