Wall Street Breakfast: Must-Know News [View article]
"...in return for immunity for the bank from government prosecution over inappropriate mortgage practices.
If I recall, banks went into "subprime" loans to avoid lawsuits regarding "redlining" of minority neighborhoods from "community organizations" such as ACORN. How much lost home equity is ACORN going to pay homeowners?
Wall Street Breakfast: Must-Know News [View article]
"Those who argue that would be detrimental to the economy have no clue as to how much waste there is in government."
So true and pertinent to our economic situation that it bears repeating. If government were a serving wench in a tavern, she'd be fired for spilling too much beer on the floor.
Wall Street Breakfast: Must-Know News [View article]
"• “that whole $4 trillion thing.... S&P was only kidding.”
Standard & Poors, as well as Moody's, are making themselves irrelevant. Not only with their ratings regarding the recent debt ceiling "crisis!", but also with their mortgage backed security ratings that have damaged their reputations. I'd have rate S&P and M as no better than "BB-". Maybe less.
Wall Street Breakfast: Must-Know News [View article]
"They bailed out GM and Chrysler to save industrial-age jobs."
"They", the Obama administration, bailed out GM/Chrysler to show appreciation for the support of the UAW during the election. I agree that "government doesn't understand technology", only the political advantage that may be reaped by supporting the wrong technology that employs the most union employees.
"...each with blocking powers is actually the problem."
No, it's actually the solution just as James Madison designed it to be. If government does not really know which way to go, "stalemate" is to be preferred.
Government is like an elephant in tall grass and we are the unseen critters on the ground. Some of us are under the mouth and get the crumbs, others are under the tail and get...... Nevertheless, we know what's going on and in the USA we have the freedom to move to a better position. But, if the elephant moves, and moves in the wrong direction, many of us may be killed (Vietnam?) and many of us may be confused about what the elephant is going to do next (like what is after "Obamacare"?).
Better for us that the behemoth of government is shackled by the limits of the Constitution. Unfortunately, BOTH parties strain at these shackles and THAT is the problem.
Pretty much everyone in America pays taxes as well. It's just that they are buried under the headings of property taxes, excise taxes, extraction taxes, sales taxes, and a list of various "fees" that are beyond number to mention or even comprehend. The fact is, America has too many "stealth" taxes that do not show up on the public accountings. If they did, the Tea Party would be in the majority.
"Obummber the hypocrite is going to tax those nasty rich oil companies,.."
And I hope Obama causes the lay-off the worker who sweeps the floor of the plant that makes the tires for corporate jet aircraft as well. Any job for poor people, that is paid for by rich people, should be unconstitutional!
Wall Street Breakfast: Must-Know News [View article]
"AND - what about the compliance officers at all the financial institutions his firm did business with? Were they all descendents of Sgt. Schultz? "I know NOTHING."...
""It is difficult to get a man to understand something when his salary depends on his not understanding it." - Upton Sinclair
The tendency of human beings to look out for "number one", regardless of the ethics, is endemic in the human species. It's the human quality (?) that makes bureaucracy, public or private, a pox on human endeavor. It's why we are now where we are in this "Great Recession". Too much "CYA".
Wall Street Breakfast: Must-Know News [View article]
"When you put clowns in charge, don’t be surprised when a circus breaks out." (unknown)
This country's voters put these clowns in the White House and Congress, I have little sympathy for our plight. Sorry.
Wall Street Breakfast: Must-Know News [View article]
If I recall, banks went into "subprime" loans to avoid lawsuits regarding "redlining" of minority neighborhoods from "community organizations" such as ACORN. How much lost home equity is ACORN going to pay homeowners?
Can Anyone Manage the Too-Big-to-Fail Banks? [View article]
Exactly.
Wall Street Breakfast: Must-Know News [View article]
We got, and will continue to get, screwed.
Wall Street Breakfast: Must-Know News [View article]
I agree, but it'll never happen. They didn't have TV back then and network news.
Wall Street Breakfast: Must-Know News [View article]
So true and pertinent to our economic situation that it bears repeating. If government were a serving wench in a tavern, she'd be fired for spilling too much beer on the floor.
Wall Street Breakfast: Must-Know News [View article]
Standard & Poors, as well as Moody's, are making themselves irrelevant. Not only with their ratings regarding the recent debt ceiling "crisis!", but also with their mortgage backed security ratings that have damaged their reputations. I'd have rate S&P and M as no better than "BB-". Maybe less.
Wall Street Breakfast: Must-Know News [View article]
"They", the Obama administration, bailed out GM/Chrysler to show appreciation for the support of the UAW during the election. I agree that "government doesn't understand technology", only the political advantage that may be reaped by supporting the wrong technology that employs the most union employees.
Heading for the Cliff [View article]
No, it's actually the solution just as James Madison designed it to be. If government does not really know which way to go, "stalemate" is to be preferred.
Government is like an elephant in tall grass and we are the unseen critters on the ground. Some of us are under the mouth and get the crumbs, others are under the tail and get...... Nevertheless, we know what's going on and in the USA we have the freedom to move to a better position. But, if the elephant moves, and moves in the wrong direction, many of us may be killed (Vietnam?) and many of us may be confused about what the elephant is going to do next (like what is after "Obamacare"?).
Better for us that the behemoth of government is shackled by the limits of the Constitution. Unfortunately, BOTH parties strain at these shackles and THAT is the problem.
Heading for the Cliff [View article]
Pretty much everyone in America pays taxes as well. It's just that they are buried under the headings of property taxes, excise taxes, extraction taxes, sales taxes, and a list of various "fees" that are beyond number to mention or even comprehend. The fact is, America has too many "stealth" taxes that do not show up on the public accountings. If they did, the Tea Party would be in the majority.
Heading for the Cliff [View article]
And I hope Obama causes the lay-off the worker who sweeps the floor of the plant that makes the tires for corporate jet aircraft as well. Any job for poor people, that is paid for by rich people, should be unconstitutional!
Heading for the Cliff [View article]
You're a seminar poster from the Democrat National Committee.
Heading for the Cliff [View article]
I agree. It's a financial contradiction that is only understood by few.
Heading for the Cliff [View article]
A public opinion that is implied by the national alphabet TV networks. None will dare say that the President "wants too damn much!".
Wall Street Breakfast: Must-Know News [View article]
""It is difficult to get a man to understand something when his salary depends on his not understanding it." - Upton Sinclair
The tendency of human beings to look out for "number one", regardless of the ethics, is endemic in the human species. It's the human quality (?) that makes bureaucracy, public or private, a pox on human endeavor. It's why we are now where we are in this "Great Recession". Too much "CYA".