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| User Info | Paul/Grayson Amendment Passes In Committee in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1646-P....
---------- "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
2009-11-20 08:18:27
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2banana Posts: 168 Incept: 2008-02-25
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NAY - Rep. Barney Frank, MA NAY - Rep. Paul E. Kanjorski, PA NAY - Rep. Maxine Waters, CA NAY - Rep. Carolyn B. Maloney, NY NAY - Rep. Luis V. Gutierrez, IL NAY - Rep. Nydia M. Velázquez, NY NAY - Rep. Melvin L. Watt, NC NAY - Rep. Gary L. Ackerman, NY NAY - Rep. Gregory W. Meeks, NY NAY - Rep. Dennis Moore, KS NAY - Rep. Michael E. Capuano, MA NAY - Rep. Carolyn McCarthy, NY NAY - Rep. Joe Baca, CA NAY - Rep. Stephen F. Lynch, MA NAY - Rep. Brad Miller, NC NAY - Rep. Al Green, TX NAY - Rep. Emanuel Cleaver, MO NAY - Rep. Melissa L. Bean, IL NAY - Rep. Gwen Moore, WI NAY - Rep. Keith Ellison, MN NAY - Rep. Ron Klein, FL NAY - Rep. Charles Wilson, OH NAY - Rep. Joe Donnelly, IN NAY - Rep. Bill Foster, IL NAY - Rep. Andre Carson, IN NAY - Rep. Mary Jo Kilroy, OH NAY - Rep. Jim Himes, CT Hmmmm - which party do the vast majority of these folks belong to?
2009-11-20 08:21:41
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Redfigures Posts: 705 Incept: 2008-02-24 
State of Flux
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Lynch will get an earful today. *******.
2009-11-20 08:34:25
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Highonlife Posts: 59 Incept: 2009-02-20
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this is just the committe... still gotta pass congress, then a veto by Obama
2009-11-20 08:45:53
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Ludanjack Posts: 1343 Incept: 2007-07-29
Ft. Lauderdale
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KD, Is there a way to make a printable version of your ticker. I assume it's OK to fax your tickers to these jackasses. ---------- "This is only something that can be fixed after we kill all the players that carry the virus, because the virus only dies when the host is dead. The hosts are the sick financial institutions being run by crooked executives, regulated by incompetent regulators, appointed by blissfully ignorant politicians and at the end
2009-11-20 08:47:50
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Ludan, just go in and print it. If you use "Print Preview" on Internet Explorer you will see that it reformats for printing without any of the advertising and sidebars. OF COURSE it is ok to print and fax it! ---------- "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 Last modified:
2009-11-20 08:48:41 by genesis
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Scwizard Posts: 43 Incept: 2009-11-15 New York
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Hmmmm - which party do the vast majority of these folks belong to? The same party as Alan Grayson
2009-11-20 08:48:34
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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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Some of my favourite Dems voted YEA for this - Brad Sherman for one. I think what we have here is a nice little list of those that are most bought and paid for by the banking lobby. There's not one single NAY vote that would be representative of their constituents. Good luck to those Dems who are going to have to explain how this was in their constituents' best interests.
---------- 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."
2009-11-20 08:56:06
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Pookie Posts: 21 Incept: 2009-06-18 Florida
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"...Whether through active malfeasance or simple idiocy" Malfeasance is my answer. They try to hide behind idiocy.
2009-11-20 09:05:08
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Arkady Posts: 123 Incept: 2009-10-19
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Technical question. Was Fannie/Freddie in the business of creating MBSs? Or were they strictly in the business of backing all the individual loans and then handing it off to Wall St where THEY created the sercuritized products? I am only asking because as we know, Fannie/Freddie were operating on insane margins with level of 60:1 or higher. If they were scooping up all this paper, does it really surprise us that Paulson were lobbying for reduced leverage on Wall St. such that they could even being to ABSORB all the loans coming out of Fannie/Freddie. Supposedly at one point the two GSEs represented half the mortgages in our country. I am certainly not defending Wall St. here, but without fannie/freddie there was only so much that Wall St. could have securitized and I believe that without these gigantic GSEs the amount of securitized debt would be significantly less. Am I wrong here?
2009-11-20 09:21:37
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Bagbalm Posts: 979 Incept: 2009-03-19 
Just North of Detroit
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Karl I like your current avatar. Is there a bigger copy of it around?
2009-11-20 09:24:57
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Karlmarxghost Posts: 2641 Incept: 2009-01-26
Stealing Your Property
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2banana this is NOT a party issue so dont drink the political kool aid. Karl this ticker might just be pin material. I am printing this as we speak and faxing it around. Im also plastering this all over the internet. People print this out and fax it en masse to the people who voted nay. These criminals must know that we are watching. ---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-11-20 09:27:21
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Rutben Posts: 900 Incept: 2007-07-27
Phoenix, AZ
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"nice little list of those that are most bought and paid for by the banking lobby". Waters, Miller, Capuano....how else do you explain these votes? Some of the most vocal during hearings....and now? What could you possibly be thinking Maxine?
2009-11-20 09:27:28
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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That Bernanke ate too much salt last night.
---------- "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
2009-11-20 09:28:20
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Karlmarxghost Posts: 2641 Incept: 2009-01-26
Stealing Your Property
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Quote:
Exactly... Maxine Waters is a ****ing hypocrite and NEEDS to be voted out. ---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-11-20 09:30:24
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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Bernanke adn The Fed will tell the Congress to '**** off'... basically, "audit us and we crash the whole game". Obama will end up having to declare martial law. ---------- Think Green Tip.
2009-11-20 09:52:55
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Wearedoomed Posts: 904 Incept: 2009-01-14
Petra
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Rutben wrote..What could you possibly be thinking Maxine?"Oh ****! OneUnited Bank, whose stock I used to own, of which my husband used to be a director, that received $12m from TARP - I was 'unaware of' that, naturally - may come under scrutiny, and I might be tossed out on my ass for any one of a number of things! Damn, even some ties to ACORN/SEIU might be uncovered! ****!" That's what she's thinking. 'Course, that last part might be tin, but given that OneUnited is minority-owned and has been heavily defended by Maxine against its regulators... ---------- The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.
2009-11-20 09:56:32
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Endthefed Posts: 5 Incept: 2009-10-17 Atlanta Suspended
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I am glad to see HR 1207 passing committee as a first step to ENDING THE FED. My biggest reason for wanting to END THE FED is simple: The FED's existence permits the Federal Government to spend with no limits and therefore EXPAND ITS POWER WITH NO LIMITS. If an individual spends more than the take home in income and maxes out their credit lines (or has the credit lines revoked), their overspending ways come to a screeching halt. If a local or state government spends more than it rakes in in taxes and fees and taps out its ability to raise funds through the issuance of bonds, their overspending ways come to a screeching halt. (Just watch what will happen in the next 12-24 months at the state and local level with cut backs on "services", furloughs and layoffs, etc.) But the Federal government, via the Fed, has no such limitation on spending (and the power they receive via spending.) This is because the Fed becomes the BUYER of last resort. The Fed (indirectly) guarantees that Treasury auctions never fail. If the Fed did not exist, the Federal government would have a natural brake applied (via the bond market) to how much excess debt they could take on. Another way to think of this is that the Federal government would reach a point where their credit cards would be maxed out. This system has permitted the value of our currency to plummet over 95% since the Fed came into existence in 1913. This has been a HUGE HIDDEN TAX on all holders of US currency. The Fed is also the conduit that has allowed our Federal government to be hijacked by the banksters. Do away with the Fed, and the mafia-like protection the banksters receive will start to recede. MY hope is that the Fed is done away with as an institution (where is Andrew Jackson when you need him?) and the power naturally recedes from Washington and starts drifting back to the individual states where it belongs. At day's end, the fact that so much power is concentrated in Washington DC is a recipe for disaster and recent events are showing this to be true. I used to be a Republican and thought they were the answer. I no longer feel that way. No matter what party is in power in DC, they still have made our lives a living hell. The answer for our country is to neuter the power in DC and return it to the state level. This is what the Founding Fathers envisioned: free and independent states that were part of a republic, states that actually traded and competed with one another, etc. If one state is not of your liking (too conservative, too liberal, too many taxes, not enough services, etc.) then at least you can MOVE to one of your liking. With the power structure we have in place today, we are stuck with a bunch of goons in DC dictating their view of how society should be across 300 million people. Even worse, they have shown themselves to be a true oligarchy, constantly scheming to figure out ways to strip the nation of its assets, jobs, etc. solely to attain more money and power. Audit the Fed - and then End the Fed.
2009-11-20 10:05:56
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Lowtenet Posts: 4 Incept: 2009-03-19
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Partisanship is a red herring, this committee vote means very little, really. Remember, many who voted for Paul-Grayson also are beholding to banking. The Fed cares not for the little skirmishes in committee because there is no chance of this ever passing and resulting in an actual audit - zero chance.
2009-11-20 10:12:04
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Tstt Posts: 34 Incept: 2008-09-18
Indiana
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Just faxed the ticker to the Indiana Rep. I am so ashamed to see his name on the list of Nay's.
2009-11-20 10:15:55
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Imaboomerdropout Posts: 163 Incept: 2009-09-13
NY
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I bet it don't happen. I'm almost to the point of giving up writing to my elected reps and start writing Military Generals instead asking them to save us from these (don't even know how to describe them anymore). Finally got my gun and ammo.
2009-11-20 10:17:59
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Statusquojoe Posts: 2397 Incept: 2008-11-20
Land of the fees Home of the slaves.
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This is a positive step forward, and Karl I commend you for supporting Grayson/Paul's cause it is a step towards restoring our republic. The opposition is again attempting to move us towards mob rule as clearly outlined in the Wall Street Journal's article:Quote:The Fed audit provision was added to pending legislation on financial regulation that the committee's chairman, Barney Frank, a Massachusetts Democrat, had planned to put to a vote Thursday. But he abruptly announced late in the afternoon that the bill wouldn't move ahead until after Thanksgiving. The reason: Ten members of the Congressional Black Caucus on the committee said they would oppose the bill to protest a lack of action to address the economic pain borne by their constituents. Although the economy appears to be growing again, lawmakers face increasing pressure in their districts to do more to boost growth and address an unemployment rate now at 10.2% and expected to rise. Again the public is severely misinformed thinking that continuance of this game of secrecy and privilege for too big too fail institutions is actually going to backstop our economic growth. If the constituents of this opposition clearly understood the economic concerns I seriously doubt they would get behind what their legislators are supporting. ---------- "In short, you are the definition of moral hazard." Senator Bunning to Bernanke
2009-11-20 10:22:35
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Lionzzzz Posts: 1012 Incept: 2007-06-27
Columbus OH Online
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Thank you for publishing the list. Unfortunately, my crappy rep was on there, so I called and let them know I will be doing everything in my power to make sure they are not re-elected. She (Kilroy) also voted for the health care bill, which I let them know that fining and imprisoning peooe for not buying insurance was not going to go over well. Boomers and seniors wanting to force younger folks to subsidize their fat asses, LOL. An interesting note: She has a D behind her name. Her predecessor, Rep. Pryce, had an R behind her name. I emailed her dozens of times last year and she still voted for TARP. Conclusion, which more people are coming to, is that both parties are out to sell us out and maintain their cushy club membership with all the perks. They are all rotten. The disgust with both parties is building. Thanks agian for publishing this, as I doubt it will be covered much by the MSM, or corporate media.
2009-11-20 10:33:24
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Mortgageguymn Posts: 182 Incept: 2009-03-09
North Coast
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I assume this passed the House Financial Svcs Committee, whose complete membership list is here: http://financialservices.house.gov/membe.... ---------- "Neither a borrower nor a lender be." - Harold Hecuba
2009-11-20 10:39:08
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Winstonsmith2009 Posts: 71 Incept: 2009-08-05
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Video interview: "A Govt. Not Run by the Financial Sector": James Galbraith's Rx for Wall Street Reform http://finance.yahoo.com/tech-ticker/art....
2009-11-20 10:41:03
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