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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1625-F....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-11-16 08:55:16
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Iou Posts: 186 Incept: 2009-03-16
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Same shell game. Things will not change until the revolution begins. We have lost our country. Unfortunately it’s going to take bloodshed to take it back.
---------- "When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat LEFT vs. RIGHT Look up shell game and shills.
2009-11-16 09:11:52
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Tesla Posts: 8175 Incept: 2008-04-03 
Delaware
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What else did anyone think would come from a legislative body that is owned by bankers ? If we don't throw out every bum in DC in Nov 2010, then the only hope for the average person is a total reset in the banking system. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-11-16 09:15:16
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Nuke_engineer Posts: 774 Incept: 2007-08-19 
NC
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Somebody ought to make sure whoever is Dodd's opponent in the next election gets a copy of this original. This is classic government supported disinformation. Before the report comes out he starts talking about how tough he'll be with the banks, then the banks "react" (I'm sure it was all staged) then he comes out with a document that appears to even protect the big banks. The document is complex and huge, as was aptly stated, to keep the typical hard working American that doesn't have the time nor inclination to read the bill. ---------- HAL, All trespassers and pigmen vampires must be shot. Survivors will be shot again. I need to buy more ammunition! Scotty, Beam Me Up to the Land of Glass-Stegall! Last modified:
2009-11-16 09:22:49 by nuke_engineer
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Signas Posts: 609 Incept: 2007-06-26 Reno
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Don't Worry, Be Happy With all the drug money coming in from Afganistan Opium and Columbian Cocaine that has to be laundered into money good 2% capital in tangible equity should be more than adequate. LOL ---------- Carbon Credits "FOR SALE" Bring a wheelbarrow full of money!!
2009-11-16 09:32:29
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Bagbalm Posts: 979 Incept: 2009-03-19
Just North of Detroit
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It seems nobody has any interest at all in stability and safety. It's all shuffle numbers to loot. It's like watching your brother's no good kid who won't listen to any sensible advice. You know he's going to self destruct and all he cares about is the party he wants to go to tonight. I'm at the - "To hell with it - hurry up and crash." - stage of watching.
2009-11-16 09:54:41
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Mangoelvis Posts: 250 Incept: 2009-07-11
Las Vegas, NV
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Bush reacted to the terrorist emergency by creating a huge new Dept of Homeland Security. Obama reacts to a financial crisis by creating a huge new Financial Regulatory Department. The healthcare "crisis" will be solved by creating a huge new healthcare department. Anyone see a pattern here??? ---------- A Venus Fly Trap is one of the only organisms that can be cannibalistic and vegetarian at the same time.
2009-11-16 10:03:31
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Imaboomerdropout Posts: 163 Incept: 2009-09-13
NY
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Yes Mango, we never got Osama, we're legislating to replace existing real regulation with non-regulation and are hell bent on bringing down the entire healthcare system in the U.S.
2009-11-16 10:13:51
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Jjm Posts: 153 Incept: 2009-11-10
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Chris Dodd, Hero of National Order, where's the medal? All these new federal departments and agencies, maybe it's time to consolidate for efficiency: Ministry of Peace Ministry of Truth Ministry of Love Ministry of Plenty Four cabinet officers instead of 15, and czars aplenty! What do you all think? Is this a plan or what? ---------- "In a mania, all investments are at the mercy of the greater fool. As in: if you can’t find one, you’re it." -- Alex Daley
2009-11-16 10:17:41
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Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing.
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Quote:Somebody ought to make sure whoever is Dodd's opponent in the next election gets a copy of this original. Peter Schiff is running against Dodd. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-11-16 10:27:49
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Realist Posts: 95 Incept: 2009-07-14 Pennsylvania
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I agree that this bill has a lot more negatives than positives. It certainly sounds like it was written by lobbyists. And I'll bet Senator Dodd never thought someone in the general public would actually read the entire bill! The average person wants to know how things like our financial crisis occur. They occur because there are no rules preventing the bad conduct or if there are rules written, it allows the bad conduct. Like a famous U. S. President once said, nothing in politics happens by accident. This bill is proof of that statement. ------------------------------------------------- A trillion here, a trillion there and pretty soon you're talking about real money ************************************* Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist. - Kenneth Boulding, economist
2009-11-16 10:35:12
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Steelhead23 Posts: 389 Incept: 2008-09-09 Portland OR Online
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Karl, Thanks for reading and commenting on the bill. The other stuff you noted is annoying but the 2% capital requirement certainly takes the cake. It does appear to be time to put a "Bank Owned" sign in front of the Capitol building. Thanks again for showing us what's in the sausage.
---------- short em all - let God sort em out!
2009-11-16 10:46:45
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Patm15 Posts: 156 Incept: 2009-02-23
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"Somebody ought to make sure whoever is Dodd's opponent in the next election gets a copy of this original." Peter Schiff eta: repeat Last modified:
2009-11-16 10:56:53 by patm15
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Hogman Posts: 1877 Incept: 2008-02-18
Derby City, USA
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First line says everythingQuote:It does not ban off-balance sheet exposures Last modified:
2009-11-16 11:27:45 by hogman
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Mortgageguymn Posts: 182 Incept: 2009-03-09
North Coast
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Given the AIG bailout, the FNMA/FHLMC takeover (bailout of their creditors), takeover of GM & Chrysler, TARP and the extreme measures designed to increase banks' interest rate spreads, there's really only been one lesson learned over the last two years: if you are big enough, you will be bailed out by the government. I don't know why they even bother writing laws. When push comes to shove, they'll just disregard the law anyway. It appears they're writing the work-arounds right into the very law they're drafting: off balance sheet entities, splitting ownership to stay under the radar of the TBTF label, etc. Those two work-arounds alone render the leverage limits meaningless. Obviously Dodd is a moron. Are they all morons or are some knowingly duplicitous? ---------- "Neither a borrower nor a lender be." - Harold Hecuba
2009-11-16 11:36:11
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Quote:Are they all morons or are some knowingly duplicitous? The $64B question... ---------- I say it's spinach, and I say the hell with it.
2009-11-16 11:45:55
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Jal Posts: 47 Incept: 2009-03-25
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Since the US prides itself as being capitalist then it is not surprising that the bill reflects and enforces the capitalism nature of the US economy. jal
2009-11-16 12:23:08
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Highrev Posts: 3124 Incept: 2009-02-21
ES
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Maddening.
---------- You may fool all the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all the time. - Abraham Lincoln
2009-11-16 13:32:07
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Tesla Posts: 8175 Incept: 2008-04-03
Delaware
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Jal - looting taxpayer dollars in bailouts is NOT CAPITALISM ! What ever gives you the idea it is ????? It's like a hooker saying she's a virgin - it's disinformation to cloak the real agenda, which is fascism. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-11-16 14:28:48
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Mlshawaii Posts: 466 Incept: 2009-05-13
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They don't need 1136 pages. They only need one. "THE RULE OF LAW IS OVER."
2009-11-16 16:44:24
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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You have got to read "Too Big to Fail" by Andrew Ross Sorkin. I just finished it. In its pages, you get the real picture of Geithner as the man behind all of the consolidations of too big to fail institutions into even more precarious behemoths, the government favoritism that characterized the saving of some institutions versus others, the taxpayer backed PPIP abomination of an original idea by Warren Buffett, the AIG conduit payments, etc, etc. He was a much bigger player than Paulson. If you think for one minute that meaningful financial regulation is going to occur under his watch, you need your head examined! ---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside.
2009-11-16 20:06:03
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