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dnpvd51

dnpvd51
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  • Fannie Mae repays Treasury, and more [View news story]
    dnorm,

    Well, if these shareholders in Fannie and Freddie get anything, that is out and out stealing.

    I will grant that bailing out the guy that paid too much for his house, took out a HELOC, bought a fancy car and took a vacation to Europe, is merely welfare for the financially reckless perhaps not stealing. This is a transfer of wealth from those on fixed incomes with savings accounts to spendthrifts.

    The value that went to the politically connected banks is theft.
    Feb 24 01:15 PM | 1 Like Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    We have savings accounts obviously losing value because the rate paid is less than inflation.

    Where is this value going?

    EIther

    1.) it is going to the government.

    or

    2.) the banks and the politically connected are taking the value.

    In actuality in my view it is going to both of the above, but we have an absolute mathematical proof that value is being subtracted from savings accounts. Apparently your view is that this the natural order of the universe. Nonsense. THe value is disappearing because some entity is taking the value.
    Feb 23 10:38 PM | 3 Likes Like |Link to Comment
  • A Better Strategy Than Passively Owning Gold [View article]
    Why not John Williams shadowstats?

    http://bit.ly/nyzRiF
    Feb 23 07:16 PM | 1 Like Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Whatever,

    The Bible has a prohibition against theft and the big banks and the politically connected are stealing value from savings accounts.
    Feb 23 04:27 PM | 2 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Sorry but you are the clueless one.

    We now have FDIC insurance, which would prevent the bank runs of the 1930s. And we can find countless examples in history where governments did this crony capitalistic type of stealing like we have here in the USA and the countries went bust. The Roman Empire being one of the earlier examples I can think of right off.

    And there is all kinds of debate about this 1930s depression and we are not going to decide that here.

    Also, why not send every citizen a check if we supposedly need liquidity? Why do we need crony capitalism to provide liquidity?
    Feb 23 03:36 PM | 2 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Tack,

    Why does the Constitution demand that money must be gold or silver?

    Perhaps there is no God-given privelge, but there sure as hell is a Constitutional implication that money should be a store of value.
    Feb 23 03:24 PM | 1 Like Like |Link to Comment
  • Beware Buyers: 12 Reasons Why The Current Sky High Natural Gas Price Isn't Here To Stay [View article]
    This must explain why these guys couldn't reduce production at 1.9 NG but now at $6 they found that they can reduce production.
    Feb 23 03:18 PM | Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Let me grant your arguments, although they are really only BS rationalizations for theft. We could have just kept sending citizens checks. This would have unglued the financial system without enriching the politically connected. In fact this would have injected liquidity and wealth equality at once.

    But everything you say is nonsense. People were still getting up each morning, people were going to work, and the wheels were turning. The only problem was politically connected people were about to lose a lot of money.

    And your other argument about my investments is further crapola. It is not even worth responding to it. It just proves the bankruptcy of your ideas. You are trying to justify theft by my supposed bad investments. What complete nonsense.
    Feb 23 02:47 AM | 2 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Don't worry about my investments.

    And it is value stolen from savings accounts, not dollars. It seems that this concept is beyond your understanding.

    The great majority are on the wrong side when it comes to the bailouts and the government taking value from savings accounts and giving this value to politically connected Wall Street banks. PLenty of people are pissed off, and if more people better understood what is happening people would be even more pissed off. There is a massive media propaganda machine selling this larceny.

    Feb 23 01:51 AM | 4 Likes Like |Link to Comment
  • Beware Buyers: 12 Reasons Why The Current Sky High Natural Gas Price Isn't Here To Stay [View article]
    The price in New York hit $123 or something silly like that.

    Where do you get they are building this pipeline for $4-5 gas?
    Feb 23 01:29 AM | Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    THey should have let all the major banks collapse. At least let the banks that made stupid risky loans collapse. The executives at these companies were paying themselves huge salaries and bonuses for being stupid. OF course they needed to go bust to correct these excesses.

    David Stockman has explained at length that there were plenty of entities that did not overextend themselves. The banks that took stupid risks would have gone bust and other companies would have purchased their assets.

    Now we have a very unstable economy. Folks cannot make knowledgeable investments because the market is skewed. This creates all kinds of waste. And it is as obvious as day follows night that another crash is coming down the road. We are doing the same thing as before the last crash but this time on steroids.
    And if the economy did need a boost, why not send every citizen a check for 10 grand instead of all the crony politically connected bailouts?
    Feb 23 01:19 AM | 2 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    He may be referring to the opportunity cost. The government could have 'invested' that money in more entitlement programs which have much greater returns...

    >>>>>&a...

    And these bailouts of Fannie and Freddie are not an entitlement program?
    Feb 23 01:09 AM | 2 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Tack,

    Your idea that these bailed out companies have paid back the government is complete BS.

    In the case of the the banks and Fannie and Freddie. The government poured trillions of taxpayer dollars into these companies at favorable interest, bought the paper at high prices in which these companies were invested and further poured trillions more into the housing market to raise the price of their collateral.

    This was value stolen from folks with savings accounts and given to these bailed out companies. So we have had trillions of dollars stolen from folks with savings accounts and given to these scalawags that should be bust. And now that they have paid back the government with depreciated dollars after having stolen all this value from savers and they are still stealing value from savers you claim the government was paid back.

    What a stinking joke. This is a transfer of wealth and theft.
    Feb 23 01:07 AM | 3 Likes Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    1bank·rupt noun \ˈbaŋk-(ˌ)rəpt\
    : a person, business, etc., that is unable to pay debts


    This definition does not demand a judicial determination.
    Feb 22 04:48 PM | 1 Like Like |Link to Comment
  • Fannie Mae repays Treasury, and more [View news story]
    Explain to me what these shareholders have invested in this company? All their investment is gone. It is now taxpayer money invested in these company. The company did not declare bankruptcy because taxpayers sent them money.

    And further, all these bailed out companies have paid us back in depreciated money. When we loaned these companies the money, the purchasing power of the money in terms of assets and securities was much greater than it was when the money was paid back. This is taxpayer loss no matter how you try to rationalize it.
    Feb 22 04:27 PM | 1 Like Like |Link to Comment
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