hooligan

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    • Tue Sep 30th 19:30 PM | Rating: 0 0
      Commented on:
      Alternative Bailout Plan: Good and Bad Ideas
      This is getting pretty tedious. A recovery in the stock market on news that politicians come up with a deal that targets no-one but the people who caused the mess in the first place. World leader (also politicians) screaming for american politicians to pass the bill, as if they have any business interfering in the sovereignty of another nation or have any idea what the bill is targeting. Make no mistake, a guarantee by the government or a mark to whatever I please accounting switch is tantamount to tax-payer lending money (via a deposit placed with a bank) and then saying "hey I guarantee that you will pay me back my own money" ..what a crock. Of course, politicians are way too smart to see through that one. That is what the markets are for. Markets kill off malpractise, systematic abuses and false prophets and create new ones that are better and fairer. Ignroing the market forces correctly stating vlaue is pure communism. Who on earth gave a bunch of soon to be has-been politicians the right to pledge tax-payers own money for what they have already earned?
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    • Sun Sep 28th 06:02 AM | Rating: 0 0
      Commented on:
      Who Is For and Against the $700 Billion Bailout?
      Here's a back to basics solution and ya boo sucks to anyone who believes that giving drugs to an addict for a year is a great idea!
      1. Propping up a failed model is stupid, so start a new one. Take all banks assets onto the Government balance sheet, while a better model is constructed.
      2. Make the production of all goods sold in the USA subject to the same workplace standard applied to US goods, with a Federal body (quarterly inspections by different staff members) obligatory.
      Ok that fixes the drug and the drug dealer. Next comes rehab.
      3. Make individual and company borrowing restrictions the same. There is no reason why a vehicle should have laxer standards than are applied to an indidividual.
      4. Cut defence spending by 75%, particualrly on hardware that is of dubious use. So eliminate all spending that doesnt have a purpose. It may not have escaped everyones attention, but before we all forget, the pentagon spends as much as this bail out EVERY YEAR.
      5. Set the maximum borrowing amount to the combination of three times income for any individual or company.
      6. Stop ratign agencies being paid by the borrowers they rate and make the BIS or IMF insure against downgrades.
      7. To fix the MBS problem, break up all the pools into individual mortgages and then re-bundle them.
      8. Do no not offer any refinance to mortgage defaulters unless those NOT in default have the same terms applied to their mortgages OR other households are offered thechance to give their existing homes in exchange for the over specified and expensive homes (why should a defaulter have a better home than a non defaulter). This would migrate and give main street the chance for a property upgrade to clear modern houses and put defaulters in worse quality homes.
      9. Re-start a mass immigration policy to target 3-5 million migrants entering the economy.
      10. Spend 700 billion on broad economy employment programs in infrastructure to rival the standardsbeing put in place in China and Qatar right now.
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    • Wed Sep 24th 17:15 PM | Rating: 0 0
      Commented on:
      Goldman Sachs: Buffett's the Milkman and He Always Delivers
      ha ha! you mean you can't all see the "new leveragedproduct" its called, propaganda! every one rally round the flag, cos sure as hell if you don't then the truth will out! the money mechanism is broken, so it doesn't matter how much money you make..you either can;t eat it in your lifetime or eat it, full stop! the way to make money is now..park it in TIIPS, for five years, and have a peek over the trenches in 2013, maybe the hadron particle accelerator won't have created a black hole. Seriously..if you think that the treasury market is so smart that pumping 7-10% of gdp into the money supply is worth TEN YEAR implied inflation of just 2% (starting from 5%!!!!!) you have rocks in your head
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    • Wed Sep 24th 17:05 PM | Rating: 0 0
      Commented on:
      Bailout Related Debt Could Reach $1.5 Trillion
      ok maybe im just too frustrated ..but here is a vent..prepare to be vented
      sighs..so here is the deal, the best that the brains in the highest places can come up with ..is to confirm the corruption illegal practises; keep that going for decades while its worked out..the injection will be over 1.5 trillion dollars by the time the tax not earned because of this plan for 700 billion plus fre, fnm, aig, leh yadeyadeyada..how on earth are the guys who have had honest mortgages ever supposed to reconcile this with the fact that the dishonest realtors, valuers, mortgage applicants, fed agencies et al ..who rigged a market for personal gain, are now going to bail out the 2 out of ten who got greedy, lied and cheated to knowingly live beyond legitimate means. Why on earth can't the objective be to let the corrupt collapse and have the great and the good move on without bothering with all this nonsense? life is simple..people cheated, they lost, the people who didnt should not have to pay. Why on earth can't someone have a plan to remove all pollution from the USA with investments that make money for the odd 100 billion, or spend 100 billion designing competitions for the greater social good, or for gods sake..roll back pentagon spending to pre-bush era shares of gdp and free up money in the economy. There is no way that a banker can inject 15% of gdp over three years, bankers simply dont have the brains to do it, theeconomy is too broad and diverse...for gods sake..somebody do something!
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    • Sat Mar 15th 08:42 AM | Rating: 0 0
      Commented on:
      Best and Worst Performing Stocks Since the March 10 Bottom
      i didnt see the fed pumping any money into hurricane affected areas..they are paying for bank traders to drive ferraris and live in luxury by printing funny money that we will all have to pay for in taxes...this is corruption of the worst sort and far worse than the socio-economic excess of louis IV and marie antoinette prior to the revolution..its about time the banks were told to stop playing stupid games and start going back to their knitting..make them all pay off their swap books and start again!
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