Green Eyes

Bank Nationalization: 5 Different Meanings

Fantastic article.

Bank Nationalization and the TARP

I agree with you sir. Please also be aware that FDIC is only increased $250K until 12/09. I don't forsee an upswing before then. Be cautious with your money friends.


On Mar 02 08:35 AM pacman1947 wrote:

> How much cash is invested in Citi through money market funds, CDs,
> and other cash equivalent accounts? FDIC covers these to $250k each.
> Just what is gained by buying stock in the bank vs. guaranteeing
> the cash assets? Why is the number trillions when it is more likely
> billions?
>
> Are we backing the fraud or the honest investors? Can somebody offer
> a concrete answer?
>
> Until I see a true revelation of what we are buying, I cannot support
> these "nationalization" concepts. Too many working and retired people
> are suffering while these banks and insurance firms suck up all of
> our children's future savings.

What Will It Take for Faith in Financial Engineering to Wane?

Well played 224899. I second that. John Ziegler is about the only person I have found that has the courage to challenge and deliver the truth to people. I find it fascinating how misinformed the media ensured people were

howobamagotelected.com


On Mar 02 04:26 PM User 224899 wrote:

> Who the heck do you think has any faith in financial engineering
> anymore?
>
> As far as I can tell, the only evidence that there might have been
> faith in Obamanomics has come from writing or statements by some
> media people who get salaries from syndicates with a big stake in
> liberal politics, or media people who lack the guts to challenge
> liberal editorial policies.

What's Good for Citi - And What's Good for America

Great article. I couldn't agree more that our country shouldn't hinge on one company.... it's sad that politics make it that way -- or give that illusion. But then again, when a company that big is involved it goes deep into many politicians pockets....

Why Zombie Banks Won't Be Nationalized

I don't think that moving our country one step closer to socialism (nationalization) is the answer...

Thoughts on Apocalyptic Prophesy

I think it really remains yet to be seen amigos. We haven't gotten a true basis for comparison (on this scale) to assume our destination. In our trajectory there are numerous obstacles to throw us into various courses. Perhaps we COULD collapse (..I cringe at the thought) perhaps we will rebound, scathed but on track once again.

Who honestly knows? We can debate all day, but time is going to decide.

Yet Another Bank Behaving Badly

It's really no worse than what Obama did for his inauguration...... and those were CERTAINLY taxpayer funds. I'm not saying that what the bank did was ok by any means, we just need to keep things in scope.

The Start of a Springtime Oil Rally?

I couldn't have said it better! If it's not one fabrication it's another. Let's continue to line those pockets..... I

Not to get all 'granola' on you, but I'm a proud owner of a TDI, I wish I could walk or bike to work but I have to commute too far. I am glad to see the diesel prices steadily decline as the gasoline prices continue to fluctuate. I wish that uncle sam would get his greedy hands out of that and let it be as cheap as it used to be. I get about 47-50 mpg.


On Feb 27 09:09 AM The Greatest Rip Off of our Time wrote:

> Do you remember?
> When just the other day, the rising price in crude was, hurricanes,
> China and India using more oil, unprecedented maintenance issues
> at refineries, fog in the Houston port, guerilla attacks in Nigeria,
> and every excuse under the sun. Some of us remember all the reasons
> they said for the rising cost of oil, now it seems that those were
> all bogus reasons and they will soon be doing the same things again.

7 Signs of an Economic Bottom

Thank you for the clarification. Capitalism in itself DOES benefit everybody, I do concur -- just at varying degree as you implied.

On Feb 27 12:29 AM CuriousMonkey5 wrote:

> Green Eyes - Perhaps the Wal-Mart example was a minefield for other
> reasons which you bring up :-) The only point I was trying to make
> there was that people other than just the rich capitalists also benefit
> from the products of capitalism, i.e. things like standard of living
> improvements, low prices, selection of products which can make their
> lives better, etc. People love to demonize WalMart for a variety
> of reasons, but the notion that they add no value to the lives of
> the many consumers who choose to shop there is inaccurate.

The Benefits of This Recession

I thought this was an excellent article sir. I couldn't agree more with this excerpt:

“Economic cycles are part of life, like the seasons. Families need to cut back and save as the downturn approaches. During the downturn, workers need to be patient and improve their job skills. And, like the seasons, this is normal, and like a hard winter, this too will pass.”

This is a concept totally foreign to most Americans under 50. They are all two or more generations removed from having parents who were teens or adults during the Great Depression. Saving (except for retirement plans for some of them) is largely a seldom considered, to say nothing of practiced, strategy. Someone who is 40 today was 13 when we came out of the last severe recession in 1982. We are in totally unfamiliar territory for half (or more) of our populace.

I am 26 years old and many people of my generation think that money comes from a tree in their parents back yards. Thankfully my parents taught me from day one the value of a dollar and taught me how to SAVE and will enstill those values in my son as well. Too many young people are more worried about thier clothing labels and cars that what is important. Perhaps this economic crisis will reset people back to what is important, and strip them of their vain tendencies.

Thoughts on Last Night's Speech by the President

Have you seen howobamagotelected.com ? You might check that out.

It's nice to find there are a few stout hearted patriots left :)


On Feb 26 12:39 PM jimzee wrote:

> Green Eyes,
>
> You hit the nail on the head. This guy is a work in progress. His
> resume consists of community activism with that revered, leftist
> organization Acorn. It is downright scary to think how easy it was
> to sucker the suckers (ass-zombies) that voted for this obomination.
> I'm really disappointed in the main stream media propaganda machine.
> They have to be wondering why their advertising revenues are declining.
> Could it be that the self-reliant people have them figured out?
>

Thoughts on Last Night's Speech by the President

That's uncalled for, especially when you're sitting pretty, retired in Thailand sir. You aren't amidst all of this.

On Feb 25 01:26 PM bosun.j wrote:

> Is that you Charlie? Uniform? November.......

7 Signs of an Economic Bottom

That is sort of a double edged blade there. Wal-Mart is such a jumbo chain that their prices are SO low... but at what expense? Many people shop there because they see that little price tag and are ignorant to the real cost. Wal-Mart keeps things cheap because they ARE cheap. Cheap wages, cheap insurance for employees. They are such a giant they can name their prices to vendors... I know this from experience -- they are also deal breakers. But I digress, the point is that nobody can really compete with them. So you can say that the masses shop there because they 'want' to. But I think a a more accurate statement is that they don't know better and don't know what that $8 beach towel REALLY costs.

I refuse to shop there. (sorry you struck a nerve there, forgive the tangent)

However, I whole-heartedly agree with you. Yes, the road to hell is paved with good intentions. And my children, and their childrens children will pay for it, again and again.

On Feb 26 02:50 AM CuriousMonkey5 wrote:

> The claim that capitalism only benefits the few/rich is silly. An
> economy is not a zero-sum game. What about standard of living improvements
> enjoyed by many? For example, zillions of consumers shop at Wal-Mart.
> By choice.
>
> Scarce resources will not be as efficiently allocated by politics.
> Ask who is going to pay for all the handouts. Remember, "the road
> to hell is paved with good intentions."

7 Signs of an Economic Bottom

Amen HiSpeed. I am SICKENED that our nation has become so fat and lazy that the mention of socialism has started a revolution. ....a redistribution of wealth.... he is trying to make himself seem Robin Hoodesque (if you will). But it is TEXTBOOK SOCIALISM. I beg you all to do a little research--- as is nationalization. Some socialists use complete nationalization of the means of production (auto bailout), distribution, and exchange (Citi); others use state control of capital within the framework of a market economy. Is the picture of what Obama is doing becoming clearer?
America cannot stand for this. Thomas Jefferson must be rolling over in his grave!!
I've been trying to explain Obama's socialist platform to his avid fanatics for awhile. They are so busy looking at the shiny promises in his left hand, they don't notice that he's pick-pocketed their wallets with his right to pay for them.

Hind sight will be 20/20.


On Feb 25 04:30 PM HiSpeed wrote:

> How does abandoning capitalism for socialism help the economy recover?
>
>
> Given that the misnamed "Stimulus" package was little more than a
> plethora of garbage that had been rejected for the past 12 years,
> we can count on the pilfering politicians in congress to hit the
> taxpayer up for another "Stimulus" package before the end of the
> year.
>
> Those who participated in the housing crises should be taken out
> of office, and out of leadership positions in the financial institutions
> that were involved.
>
> I have EVERY confidence that the government will find a way to make
> a bad situation even worse - after all, "a crises is a terrible thing
> to waste"

Three Missteps in Obama's Grand Economic Plan

I applaud your defense of the banking industry.... I'm sure that there are some ethical bankers out that and I can commend that. But when fat cats Fannie Mae and Freddie Mac go down for their colossal greed, reckless lending (some driven by gov't I'm aware... but that's another conversation) it's hard to stomach.

Overall, your 3 main points are phenomenal, sir. I thought it was an impressive analysis of his speech and I fully agree. I thought his claim of slashing the deficit was preposterous.

I enjoyed your contribution.