200 billion (out of thin air) money pumped into economy

[inconvertible]

dollar becoming even more worthless.

[inconvertible]

ron paul was 100% right and we are sheeple for not listening.

[Extra Stout]

i thought about buying one but i decided to fix the deck instead

[Extra Stout]

dammit this is not the sandwich i ordered

[Extra Stout]

how is lenovo a chinese name it sounds italian

[Extra Stout]

they're all due by friday but i think i'll have to cut and paste

[Extra Stout]

if she's feeling better sure let's plan it do you like schnitzel?

[Extra Stout]

we had a very nice discussion this morning he was here for three days

[Yonivore]

Wtf???

[Extra Stout]

Wtf???
What, you're not a fan of the context-free, stream-of-consciousness posting technique?

[Yonivore]

What, you're not a fan of the context-free, stream-of-consciousness posting technique?
I thought you'd had too many beers and found yourself responding to an instant message conversation in Spurstalk.

By the way, love schnitzel.

[Extra Stout]

I thought you'd had too many beers and found yourself responding to an instant message conversation in Spurstalk.

By the way, love schnitzel.
I like it best when my mocking another poster becomes surrealist performance art. I may frame a printout of this thread.

[Yonivore]

I like it best when my mocking another poster becomes surrealist performance art. I may frame a printout of this thread.
The NEA will fund it.

[Extra Stout]

The NEA will fund it.
That would be awesome. Do you think I'll get more funding if I attach some kind of Christian symbol to the printout and pee on it?

[Yonivore]

That would be awesome. Do you think I'll get more funding if I attach some kind of Christian symbol to the printout and pee on it?
I think feces would bring you more. And, don't forget to insult Bushitler and Darth Cheney, in the process.

[clambake]

you two have no feelings. i had to cancel our trip to euro disney.

[Extra Stout]

you two have no feelings. i had to cancel our trip to euro disney.
Get yourself some NEA funding and you can afford to go again.

[clambake]

you don't think that will conflict with my welfare application?

[Extra Stout]

you don't think that will conflict with my welfare application?
I think you can buy Euro Disney tickets on your Lone Star Card.

[clambake]

lone star card? don't know what that is, but it sounds sweet. do i have to speak spanish to get one?

[clambake]

p.s. I wouldn't need any of this if they would let me use my riskiest investments for collateral.

[BradLohaus]

http://finance.yahoo.com/banking-budgeting/article/104605/Fed-Pumps-More-Money-Into-Financial-Markets

The program will lend up to $200 billion of Treasurys to primary dealers, a group of 20 big investment firms, for a 28-day term. The firms can put up as collateral mortgage-backed securities issued by Fannie Mae and Freddie Mac, which generally are seen as safe because of an implicit government guarantee.

But in an unusual move, AAA-rated mortgage securities issued by banks will also be accepted. Many investors have shied away from these mortgage-backed securities because they fear defaults in the underlying assets will erode the value.

The effort, which is being done in conjunction with other central banks in Canada and Europe, is designed to promote trading in these markets that have frozen up, experts said. The measure allows banks to temporarily get these illiquid securities off their books.

So basically, the lenders are getting to swap their risky mortgages for "good as gold" Treasury debt for a month, which is supposed to get them out of their shells and loosen up on their lending. Then, when those mortgage securites return to their portfolios, they will be in better shape than they were in before. I guess we'll see in a month, but the Fed always likes to buy time in situations like this, and this will do that. They won't have to make that 75-100 basis point cut that everyone was predicting. As long as the Fed and the other CBs get the world through this U.S. sub-prime crisis without dipping the federal funds rate below 1% then they will be regarded as brilliant heroes, just as they were 5 or so years ago. That won't change the long term problems with the dollar and the U.S.'s long term fiscal situation - it will just make them worse - but that doesn't matter as long as a major disaster doesn't happen during the current politicians and bankers' watch.

And you've got to really love this statement: The firms can put up as collateral mortgage-backed securities issued by Fannie Mae and Freddie Mac, which generally are seen as safe because of an implicit government guarantee.

I guess this current crop isn't seen as all that safe or they wouldn't want to get them off the books in the first place. That means that you can expect to see this move again in the coming months, along with other new tricks that the Fed as drawn up in its playbook.

[PixelPusher]

And you've got to really love this statement: The firms can put up as collateral mortgage-backed securities issued by Fannie Mae and Freddie Mac, which generally are seen as safe because of an implicit government guarantee.

I guess this current crop isn't seen as all that safe or they wouldn't want to get them off the books in the first place. That means that you can expect to see this move again in the coming months, along with other new tricks that the Fed as drawn up in its playbook.
Well yeah, it's an implicit guarantee to bail them out, like they're doing now. Makes sense to me.

[boutons_]

The big boys will take of the other big boys, because they both, Masters of the Universe, are guilty of getting into this completely unnecessary fiasco, unnecessary as the Iraq war.

With the job market cratering/shrinking, the job market, which has so far allowed most people to keep up with their mortgages, will cause another wave of foreclosures.

Meanwhile, let's bomb the fuck out of Iran (with the $Bs that should be spent on Iraq/Afghan war casualties). That will really help the world along.

[clambake]

i guess if i own all of you, then i can use my risky investments for collateral.

maybe that Gallaher sale wasn't so bad after all.

[Aggie Hoopsfan]

Meanwhile, let's bomb the fuck out of Iran

You're an idiot. Can we please keep this on topic of this financial bullshit, instead of some lame ass hating on Bush for a bombing that last I checked wasn't happening.

[smeagol]

People took loans they cannot pay . . . boo-hoo-hooo!

[Nbadan]

Tell me again why we should get all worked up over the revelation of the New York governor having paid for sex? Will it bring back to life the eight U.S. soldiers killed in Iraq that same day in a war that makes no sense and has cost this nation trillions of dollars in future debt? Will it save those millions of homes that hardworking folks across the country are losing because of financial industry shenanigans that Eliot Spitzer, as much as anyone, attempted to halt? Perhaps it provides some insight into why oil has risen to $108 a barrel, benefiting most of all the oil sheikhs who our taxpayer-supported military has kept in power? ...

The sad truth is that reporting on major corruption, say the rationalizations of a president who has authorized torture, doesn't cut it as a marketing bonanza. Just days before this grand expose, President Bush vetoed a bill banning torture, and instead of horrified disgust, the president's deep denigration of this nation's presumed ideals was met with a vast public yawn. Torture, unlike paid sex, doesn't have legs as a news story ...

I wouldn't have written this column had I not read the Wall Street Journal page-one news story headlined "Wall Street Cheers as its Nemesis Plunges into Crisis." The article starts out with the crowing statement that "It's Schadenfreude time on Wall Street," and then goes on to quote those whom Spitzer went after over what should be considered the criminal greed that has predominated in the financial world. It was Spitzer, as much as anyone, who sounded the alarm on the subprime mortgage crisis, the obscene payouts to CEOs who defrauded their shareholders and the other financial scandals that have brought the U.S. economy to its knees.

The best rule of thumb these days is that ordinary Americans should be mightily depressed over any news that Wall Street hustlers cheer, for they have been exposed as a dangerous pack of scoundrels, quite willing to rob decent hardworking people of their homes. And of course, no one on Wall Street ever paid for sex.

SF Gate (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/11/EDBNVHVOC.DTL)

[BradLohaus]

Stay away from hookers if you plan on being critical of Wall Street.

[Spurminator]

Dan, where was that article in the Larry Craig threads?

[Nbadan]

Dan, where was that article in the Larry Craig threads?

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang

[Holt's Cat]

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang

Craig tapped his foot in a bathroom.

[boutons_]

And now the Feds and JP Morgan are bailing out Bear Stearns, well-known to have been one of the most aggressive actors in the sub-prime market. Ex-employess are saying BS was totally corrupt.

Fuck BS, while making $Bs from the bubble, they played the bubble badly and lost, just fuck em, let them go bankrupt.

Free market? self-correcting? don't need regulations? invisible hand? GMAFB

Aggie, wait for the bombing of Iran, it's coming, and you won't have to pay a penny for it, just like youi don't have to pay for BS, either.

[xrayzebra]

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang

You think old Spetzer knew all those hookers on a first
name basis. I don't think so.

Remember never tap your foot to the elevator music in
the bathroom. Makes cops nervous. And they may
arrest you.

[clambake]

rays finally supporting homo's.

[Nbadan]

Craig tapped his foot in a bathroom.

....that's code for give me some kitty-nip....

[Aggie Hoopsfan]

Aggie, wait for the bombing of Iran, it's coming, and you won't have to pay a penny for it, just like youi don't have to pay for BS, either.

Clueless as usual. Unlike your unemployed ass, some of us pay taxes.

[Spurminator]

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang


Oh right, I forgot the Republican was a fag and the Democrat was just using his extraordinary wealth to illegally purchase sex.

Clearly, only the homo is worth obsessing over in the midst of a collapsing economy and a war. My mistake, you transparent and hypocritical sheep.

[smeagol]

And now the Feds and JP Morgan are bailing out Bear Stearns, well-known to have been one of the most aggressive actors in the sub-prime market. Ex-employess are saying BS was totally corrupt.

Fuck BS, while making $Bs from the bubble, they played the bubble badly and lost, just fuck em, let them go bankrupt.

Free market? self-correcting? don't need regulations? invisible hand? GMAFB

Aggie, wait for the bombing of Iran, it's coming, and you won't have to pay a penny for it, just like youi don't have to pay for BS, either.


The stock was worth $159 last year and was bought by JPM for $2???!!!!

Don't you know many of the 14,000 BS employess had stock of their company? (that is where they get a big share of their bonuses) They lost a shitload of money!

You are so fucking clueless it is not even funny anymore . . .

[smeagol]

Remember never tap your foot to the elevator music in
the bathroom. Makes cops nervous. And they may
arrest you.

Your point?

You think he was not on to "something"?

[smeagol]

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang

You are so full of shit . . .

[boutons_]

Sunday, JP Morgan pays peanuts of $250M to own collapsed Bear Stearns.

This Shit Has Not Yet Begun to Hit the Fan.

[Extra Stout]

Are you seriously comparing a guy who employs expensive hookers to a guy who gives blow jobs to male strangers under bathroom stalls?

:bang
Right-wing sex scandal: OMG! This is huge! This disqualifies all conservatives from ever holding any office ever!

Left-wing sex scandal: Yawn. Can we stick to the real issues?

[boutons_]

There is some thinking that the Wall St brought down Spitzer since Spitzer had been such a pain to Wall St.

http://www.huffingtonpost.com/steven-g-brant/eliot-spitzer-george-bus_b_91764.html

and FBI being able to vacuum up terabytes of data on all US citizens certainly helped to destroy an enemy of the WH and Repugs:

http://www.newsweek.com/id/123489

I figure the RNC and Rove and McCain will have full access to the FBI/NSA/CIA spying apparatus to be abused for partisan politics.

[Holt's Cat]

The stock was worth $159 last year and was bought by JPM for $2???!!!!

Don't you know many of the 14,000 BS employess had stock of their company? (that is where they get a big share of their bonuses) They lost a shitload of money!

You are so fucking clueless it is not even funny anymore . . .

Yeah, that's about $8 billion in shareholder wealth wiped out from last Monday's open. JPMorgan Chase may end up with a nice profit off the taxpayer's dime but I'm not sure how Bear Stearns' shareholders have cause to celebrate today.

[Purple & Gold]

repubs like a weak dollar

[Holt's Cat]

Moreso do Dems.

[Purple & Gold]

Wrong. Try again.

[Holt's Cat]

Learn a little and then we'll talk.

[smeagol]

There are topics where boutons and Dan should simply STFU.

They have no clue what they are talking about. They only bring their idiological BS. No analysis, no objectivity . . . pure and simple idiological bullshit.

[boutons_]

smeagol, you've become quite the forum fascist as is befitting your Latin culture, deciding who should STFU, esp when faced with your self-proclaimed superiority. And as always, no specifics.

Bear Stearns fucked up badly, played the mortgage market very aggressively, and is now destroyed. All indications are other companies will follow. Their super-wealthy clients and stockholders (the investment banking/personal wealth crowd), who have made 100s of $Ms or $Bs over the years, shouldn't have been betting in the Wall St casino if they weren't prepared to lose it all.

I won't shed a single fucking tear for BS or their clients.

I note that dubya is backing up JP Morgan purchase of BS with $30B in guarantees. Sure it's only a gurantee of more fiat money, not real money.

The money that BS "lost", where did it go? Down the toilet? Up in smoke? Into somebody's else's pockets? I never got a clear answer to that question about the S&L fiasco, also happened on a Repug watch with McCain deeply involved.

[boutons_]

"They lost a shitload of money"

They've been making many shitloads of money for years. They exactly knew what the BS game and BS culture was. Nobody forced them to work for BS.

Smeagol is sorry because nastiest, brass-knuckles, bad-citizen investment banks is fucked, but still saved by tax payer dollars as "too big to fail"?

[xrayzebra]

smeagol, you've become quite the forum fascist as is befitting your Latin culture, decding who should STFU, esp when faced your self-proclaimed superiority. And as always, no specifics.

Bear Stearns fucked up badly, played the mortgage market very aggressively, and is now destroyed. All indications are other companies will follow. Their super-wealthy clients and stockholders (the investment banking/personal wealth crowd), who have made 100s of $Ms or $Bs over the years, shouldn't have been betting in the Wall St casino if they weren't prepared to lose it all.
I won't shed a single fucking tear for BS or their clients.

I note the dubya is backing up JP Morgan with $30B in guarantees. Sure it's only a gurantee of more fiat money, not real money.

The money that BS "lost", where did it go? Down the toilet? Up in smoke? Into somebody's else's pockets? I never got a clear answer to that question about the S&L fiasco, also on a Repug watch with McCain deeply involved.

Most of the lost will be on Paper. But much of the
"lost" money will be tied up in Real Estate that companies
that BS backed with loans.

There are several bad guys in this mess. Number one
is the buyer. Most knew they really couldn't afford to
buy the homes they did. number two is the builders.
At least in San Antonio. No medium priced homes
were really built here. Most were homes from a hundred
thousand on up. Third were realtor's. They loved the
higher prices homes were bringing and loved the spiffs
they were getting from leaders and insurance folks and
of course the buyers themselves. And last but not
least, as has been mentioned previously. CONGRESS,
especially the social dimm-o-craps pushing lenders to
loan money to shaky buyers who had bad credit or
low credit scores. But it seems that the mortgage folks
are taking the biggest share of the blame from
everyone. Anyone with any common sense could see
what was coming with all the "exotic" credit arrangements.
Where you could literally buy a home and in several
years owe more than the original loan. Yeah, I know
many bought homes thinking they could flip them. Many
folks on the Left coast and East coast sold homes and
came into our market and bought several homes, one to
live in and others to re-sell which skewed the prices
here. Oh, well. Time to pay the piper. And I will
promise you one thing. Congress will not accept any of
the blame, just point fingers and hold hearings and
threaten people.

And Happy Saint Pats day. Got your green on?

[smeagol]

i'm with smeagol on this one

:tu

I almost had a heart attack . . . :lol

[smeagol]

smeagol, you've become quite the forum fascist as is befitting your Latin culture, deciding who should STFU, esp when faced with your self-proclaimed superiority. And as always, no specifics.

Bear Stearns fucked up badly, played the mortgage market very aggressively, and is now destroyed. All indications are other companies will follow. Their super-wealthy clients and stockholders (the investment banking/personal wealth crowd), who have made 100s of $Ms or $Bs over the years, shouldn't have been betting in the Wall St casino if they weren't prepared to lose it all.

I won't shed a single fucking tear for BS or their clients.

I note that dubya is backing up JP Morgan purchase of BS with $30B in guarantees. Sure it's only a gurantee of more fiat money, not real money.

The money that BS "lost", where did it go? Down the toilet? Up in smoke? Into somebody's else's pockets? I never got a clear answer to that question about the S&L fiasco, also happened on a Repug watch with McCain deeply involved.

Again dude, you are clueless.

You keep talking about this as if BS people lost nothing. Their company just went down in flames. I can assure you that BS stockholders, many of whom are employees, los t a bundle because of the recklesness of BS' management.

What else did you expect to happen?

[smeagol]

"They lost a shitload of money"

They've been making many shitloads of money for years. They exactly knew what the BS game and BS culture was. Nobody forced them to work for BS.

And?


Smeagol is sorry because nastiest, brass-knuckles, bad-citizen investment banks is fucked, but still saved by tax payer dollars as "too big to fail"?

I'm not sorry for them. Never said I was.

Actually, I'm happy. I'm a JPM shareholder and my stock is up 10% after the BS acquisition.

Again, you're hate for corporations, which is what makes America great, is astonishing.

[DarkReign]

Again dude, you are clueless.

You keep talking about this as if BS people lost nothing. Their company just went down in flames. I can assure you that BS stockholders, many of whom are employees, los t a bundle because of the recklesness of BS' management.

What else did you expect to happen?

To be honest, I dont believe boutons was talking about BS as a whole.

I believe he was speaking to the executives, who more than likely raped the entire company before dissolving it and selling to JP Morgan.

Youre right, the employees probably lost their entire retirement packages (if they were in fact based on stock in the company). But dont think for the second the board didnt bail themselves out long before this day came.

Give it a couple days.

[Purple & Gold]

Learn a little and then we'll talk.

No surprises, you're just being dishonest like any good repub should be.


Now I'll give you the quick version. Repubs like a weak dollar because that means American goods are more affordable overseas = more exports, foreign goods are more expensive here = less imports, and tourists visit the U.S. because they can afford to now.

Now we all know the ill affects of a weak dollar, but please don't act like repubs aren't in favor of it. At least be honest and if you really don't know, educate yourself before you speak. :nope :nope

[boutons_]

If the BS employees were forced to take compensation in stock, then we have a different situation.

But for a lot of them, they accepted to be paid in stock options, backdated if possible. That's a risk they took, just like at Enron.

Yes, the BS mgmt and board of course protected and enriched itself. Cayne for 2006:

http://www.nytimes.com/2006/12/22/business/22bonus.html?ex=1324443600&en=029f5b1d802ff73e&ei=5088&partner=rssnyt&emc=rss

Cayne was a top guy that ran the company as it went to hell.

[Holt's Cat]

No surprises, you're just being dishonest like any good repub should be.


Now I'll give you the quick version. Repubs like a weak dollar because that means American goods are more affordable overseas = more exports, foreign goods are more expensive here = less imports, and tourists visit the U.S. because they can afford to now.

Now we all know the ill affects of a weak dollar, but please don't act like repubs aren't in favor of it. At least be honest and if you really don't know, educate yourself before you speak. :nope :nope

Dems have been for a weak dollar forever because it fits their 1950s view of the US economy, which of course is based on the notion of increasing export sales leading American manufacturers to provide more high paying unionized jobs, which of course plays well with the Democratic base. Further, the Dems have always been on the Fed's case to print more $ and reduce interest rates so as to make credit more available and affordable to the masses.

The Dems have been for a weaker $ forever. The GOP has not. History. Learn it.

[Nbadan]

The Dems have been for a weaker $ forever. The GOP has not. History. Learn it.

:lmao

I just swallowed my falafel.....

[Holt's Cat]

History didn't start in January 2001.

[spurster]

I guess it turns out that the GOP is for socialism. Socialism for the big banks and the fat cats. They sure can move fast for BS, but for the millions sucked into ururious mortgages, let the free market rule.

[Holt's Cat]

I guess it turns out that the GOP is for socialism. Socialism for the big banks and the fat cats. They sure can move fast for BS, but for the millions sucked into ururious mortgages, let the free market rule.


Pretty much. Any time any large bank or financial services firm is near failure there's the Fed to step in because of 'systemic risk'. JPMorgan Chase should make out well on that deal. JPM is up 8%+ so far today.

[Extra Stout]

:lmao

I just swallowed my falafel.....
Is that what they're serving at the al-Qaeda Sympathizer luncheon this week?

[boutons_]

http://www.liveleak.com/view?i=2b7_1205751955&p=1

:lol

[boutons_]

"James E. Cayne, Bear Stearns's former chief executive and one of its largest individual shareholder, will likely walk away with a little more than $13.4 million, the value of his Bear stock holdings, according to James F. Redda & Associates. Those would have been worth $1.2 billion in January 2007, when Bear's stock was trading at a $171.51. Mr. Cayne has taken home more than $232 million in salary, bonus and other pay between 1993 and 2006,"

http://www.truthout.org/docs_2006/031708J.shtml

[smeagol]

"James E. Cayne, Bear Stearns's former chief executive and one of its largest individual shareholder, will likely walk away with a little more than $13.4 million, the value of his Bear stock holdings, according to James F. Redda & Associates. Those would have been worth $1.2 billion in January 2007, when Bear's stock was trading at a $171.51. Mr. Cayne has taken home more than $232 million in salary, bonus and other pay between 1993 and 2006,"

http://www.truthout.org/docs_2006/031708J.shtml

Go complain to every CEO of all the Fortune 500 companies.

They all make that amount of doe.

It's America, you fucking idiot. It's been going on forever. America would not be the superpower it is without it's corporations and it's capitalist system.

Is it that hard to understand, you fucking douche?

America = capitalism! get it though your thick socialist moronic head. It ain't going to change so move to Vietnam or Venezuela and live a happier life, because in America, you must be the saddest, lamest SOB around.

[boutons_]

Another example of Wall St firms gaming the system, here with collusion by the govt.

http://wikileaks.org/wiki/Whistleblower_exposes_insider_trading_program_at_J P_Morgan?=dugg

Is that capitalism?

[smeagol]

Another example of Wall St firms gaming the system, here with collusion by the govt.

http://wikileaks.org/wiki/Whistleblower_exposes_insider_trading_program_at_J P_Morgan?=dugg

Is that capitalism?

:blah :blah :blah :blah :blah :blah :blah

Those evil corporations . . .

[Purple & Gold]

Dems have been for a weak dollar forever because it fits their 1950s view of the US economy, which of course is based on the notion of increasing export sales leading American manufacturers to provide more high paying unionized jobs, which of course plays well with the Democratic base. Further, the Dems have always been on the Fed's case to print more $ and reduce interest rates so as to make credit more available and affordable to the masses.

The Dems have been for a weaker $ forever. The GOP has not. History. Learn it.

Wrong again. The Dems have always been for more buying power for the dollar and the average working person. But I like how you try to rewrite history.

And again I like how you try to talk about 50 years ago (your version of course), when there's all types of shit going on right now. It's called Current Events. Learn it.

Might as well try to say that Repubs are pro blacks rights and Dems are pro slavery. :drunk :drunk

[Holt's Cat]

Wrong again. The Dems have always been for more buying power for the dollar and the average working person. But I like how you try to rewrite history.

ROFL. Whenever has that been the case? The Dems have never focused on the consumer end of the equation as much as they have on the production side when it came to the relative value of the dollar and its impact on export levels (and employment opportunities for its union members).




And again I like how you try to talk about 50 years ago (your version of course), when there's all types of shit going on right now. It's called Current Events. Learn it.

Your problem is that you take those current events and attempt to make that the historical standard. The Democratic party has never been at the vanguard of protecting the dollar and avoiding inflationary monetary policy.



Might as well try to say that Repubs are pro blacks rights and Dems are pro slavery. :drunk :drunk

Were they not at a point in history? My assertion regarding the two parties' views towards trade and monetary policy was from a historical standpoint and you denied that by referencing "current events."

And yes, you must be drunk.

[Purple & Gold]

:lol :lol Dems have always wanted a strong dollar for "their union members". And of course they have always wanted a low unemployment rate. Repubs have been for a weaker dollar because it lines the pockets of their fat cat multi conglomerate friends. This is nothing new and only a Repub would see it the other way.

I said Repubs like a weak dollar (which any honest one will admit) and you reference your opinion of 50 years ago economic ideology. Laughable at how you try to change the question. And yes Dems have historically done a much better job then Repubs at controlling inflation. Did you forget about Hoover and the Great Depression or did you just arbitrarily leave it out. Also funny how a Democrat and the New Deal is what lead us out of it. You just don't like the way they do it because for Repubs it always comes down to taxes and less services.

And if you can't see the irony in referencing Repubs as pro black rights and Dems as pro slavery then you really missed the boat on this one. It's antiquated and not at all relevant in todays world. You might wanna start living in todays world with the rest of us.

:wakeup

[Holt's Cat]

Right, I should start living in the world in which the Democratic Party has never erred.

The GOP was certainly all about a weak dollar in the 80s, for example.

[Purple & Gold]

Right, I should start living in the world in which the Democratic Party has never erred.

The GOP was certainly all about a weak dollar in the 80s, for example.

Oh yes, but go ahead and ignore the 90's and Current Events :rolleyes :rolleyes


And don't even get me started on how shitty Reagan was as a president.

[BradLohaus]

Behind the Deal, the Hand of the Fed
http://www.nytimes.com/2008/03/25/business/25sorkin.html?_r=2&hp&oref=slogin&oref=slogin

Adam Smith’s invisible hand has a puppeteer: the Federal Reserve.

In case there is any confusion about who was pulling the strings behind the scenes of JPMorgan Chase’s acquisition of Bear Stearns, the curtain was lifted Monday. By raising its bid — with the grudging approval of the Fed — to $10 a share, from $2, JPMorgan exposed what had long been whispered about but no one dared to say aloud: the Fed is officially in the deal-making business.

[boutons_]

What happened to the "free market" the Repugs and conservatives adore?

When their ox is gored, they're whining for the govt to step in and save their greedy, rapacious, predatory asses and stop the bleeding.

[Purple & Gold]

What happened to the "free market" the Repugs and conservatives adore?

When their ox is gored, they're whining for the govt to step in and save their greedy, rapacious, predatory asses and stop the bleeding.

They only like the "free market" when it allows them to screw over anybody for a profit. As soon as they get into a little bit of trouble or might have to learn a foreign language then the "free market" is scrapped for government intervention.

[smeagol]

I see there are a lot of George Carlin lovers