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| User Info | President Obama's First Legislative Initiative 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/646-Pr....
---------- "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
2008-11-05 11:20:08
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Fidgit Posts: 14065 Incept: 2008-02-18 
AllyBammy
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Here's hoping...
---------- I say it's spinach, and I say the hell with it.
2008-11-05 11:23:15
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Mtgspy Posts: 6121 Incept: 2007-10-27 
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ya, but that would just come right back up Ben's alley and right into Paulie's TARP. That's guaranteed.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-05 11:24:10
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Jnojr Posts: 555 Incept: 2008-09-18
San Diego, CA.
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Far too many people abused the bankruptcy process to charge up enormous amounts of debt and then skip away, scot free. It stopped being a last-ditch action that was only taken very reluctantly years ago. Bankruptcy lost it's social stigma, and so reform was necessary. By and large, the people who are unable to discharge their debts should not have run them up in the first place, and should serve as an object lesson to others. We cannot continue to coddle people and insulate them from all risk in life. If you spend more than you can repay, you deserve to have your life made miserable for you.
2008-11-05 11:28:13
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Infidel Posts: 2972 Incept: 2007-08-27
orlando, fl
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BHO top contributors University of California $909,283 Goldman Sachs $874,207 Harvard University $717,230 Microsoft Corp $714,108 Google Inc $701,099 JPMorgan Chase & Co $581,460 Citigroup Inc $581,216 National Amusements Inc $543,859 Time Warner $508,148 Sidley Austin LLP $492,445 Stanford University $481,199 Skadden, Arps et al $473,424 Wilmerhale Llp $466,679 UBS AG $454,795 Latham & Watkins $426,924 Columbia University $426,516 Morgan Stanley $425,102 IBM Corp $415,196 University of Chicago $414,555 US Government $400,819 Genesis 0 ---------- Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
2008-11-05 11:29:05
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Mtg - not if Obama kills the TARP. ---------- "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
2008-11-05 11:29:19
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Fatso Posts: 1764 Incept: 2008-02-03
Roll on up, gonna roll back down
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Quote:We cannot continue to coddle people and insulate them from all risk in life. Well, yes. But wouldn't that start with the banks that issue credit/credit cards. If they don't make sure the borrower is credit worthy, shouldn't they be made to face the consequences of their bad judgement? ---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan
2008-11-05 11:32:23
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1000ohms Posts: 7384 Incept: 2007-09-06
aka inflam Banned
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Mtg - why have you not reported to your muslim reeducation camp yet???? ---------- I make somewhat of a sport out of costing people their merchant accounts doing this. I recognize that small tickets are a problem but the solution isn't do violate the rules you voluntarily agreed to when you got your merchant account. - Genesis
2008-11-05 11:33:45
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1000ohms Posts: 7384 Incept: 2007-09-06
aka inflam Banned
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Fatso is right - any ****ing IDIOT knows you do not loan money to deadbeats!!! The truest evidence that the banks are at fault is HAPPENNING RIGHT NOW. Look at ALLLLLLLLL the credit they are pulling back from retail consumers (HELOCs cut, credit card lines reduced, rates up) When it is in their interests to **** people over for their gain, they do it (MY FRIEND HAD HERS CUT WITHIN A DAY OF NOTIFYING HER). They COULD have loaned more responsibly at ANY TIME, but they didn't - **** THEM!!!!! ---------- I make somewhat of a sport out of costing people their merchant accounts doing this. I recognize that small tickets are a problem but the solution isn't do violate the rules you voluntarily agreed to when you got your merchant account. - Genesis
2008-11-05 11:38:56
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Digdouggler Posts: 2457 Incept: 2007-11-26
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Stellar idea Gen.
---------- Droppin' off my keys in the jingle mail, **** an industry that's too big to fail. Folks all uptight about equity I'm chillin' in my rental with a 50" TV.
2008-11-05 11:57:34
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Opusprime Posts: 924 Incept: 2007-07-27
Andronov-Hopf bifurcation
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KD, I hope you're sending your resume to Rahm Emanuel today.
---------- To those that give the thieves the keys to their home... - RATM
2008-11-05 12:01:34
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Opus, What the hell job you got Gen applying for? Secretary of Common Sense That post has been vacant for about 20 years. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-11-05 12:09:44
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Micronin127 Posts: 607 Incept: 2008-01-21
Swampscott, MA
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How about lifting the ban on Medicare from negotiating bulk discounts on prescription drugs for seniors? Reimportation is a red herring. We wouldn't need to reimport from Canada if we simply negotiated the same price discounts ourselves. Medicare Part D is costing us way too much money. Either eliminate the prescription drug benefit or figure out a way to get the costs back in line. Last modified:
2008-11-05 12:15:25 by micronin127
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1000ohms Posts: 7384 Incept: 2007-09-06
aka inflam Banned
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BUT, BUT, BUT MICRO!!! - If we cut into big Pharma's profits like that, HOW THE HELL WILL THEY HAVE ENOUGH MONEY TO LOBBY CONGRESS FOR FAVORABLE LEGISLATION????? that idea is not feasible ---------- I make somewhat of a sport out of costing people their merchant accounts doing this. I recognize that small tickets are a problem but the solution isn't do violate the rules you voluntarily agreed to when you got your merchant account. - Genesis
2008-11-05 12:18:11
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Mtgspy Posts: 6121 Incept: 2007-10-27
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"Mtg - not if Obama kills the TARP." There is the proof that it just cannot be done. Everyone and their uncle knows TARP cannot be killed. Not after being voted _twice_ with MAJOR coercions. ---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-05 12:18:47
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Mo Posts: 5502 Incept: 2007-06-26
Florida
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Look at 2008, micro: http://www.opensecrets.org/industries/in.... ---------- "The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."
2008-11-05 12:20:48
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Mtg - never say never. We choose between killing TARP and killing government. ---------- "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
2008-11-05 12:22:24
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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There is no way in hell Obama kills the TARP. It will grow, morph and be another 'tool' in his bag o' tricks.
---------- Think Green Tip.
2008-11-05 12:26:24
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1000ohms Posts: 7384 Incept: 2007-09-06
aka inflam Banned
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Out of curiousity.... Anyone think we roll back affirmative action now? I would be shocked if it happened right away, but in a year or 2, maybe?? I would be equally shocked if AA was expanded from here.... ---------- I make somewhat of a sport out of costing people their merchant accounts doing this. I recognize that small tickets are a problem but the solution isn't do violate the rules you voluntarily agreed to when you got your merchant account. - Genesis
2008-11-05 12:29:08
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Micronin127 Posts: 607 Incept: 2008-01-21
Swampscott, MA
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Earmark Reform.... Lobbyist Reform (end revolving door).... Line Item Veto.... And how about getting the Justice Department kicked into gear so we can some perp walks for the fraudsters.... I completely agree on repealing the Bankruptcy Reform Act. The debt should be defaulted and with a clean slate will come new capital formation as folks rebuild their life savings. It will take time, but that will form the basis for a real economic recovery in 12-18 months. Last modified:
2008-11-05 12:39:35 by micronin127
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Aztrader Posts: 4959 Incept: 2007-09-10 Scottsdale, AZ
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He needs to kill the TARP first so that the taxpayers aren't given these bad debts. I have no pity on any person that ran up a bunch of bad debt and now wants to walk away. I want to see him reverse everything that Paulson has put into place.
2008-11-05 12:39:13
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Micronin127 Posts: 607 Incept: 2008-01-21
Swampscott, MA
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How about a recission bill to reverse some of the over-the-top pork that was stuffed into the EESA legislation. The TARP was $700 billion, but there was $150 billion of crap stuffed into that bill that was completely unrelated. Subsidies for wool... subsidies for bicycle commuters... $150 billion in pork!!! That's a good place to start demonstrating you can be fiscally responsible.
2008-11-05 12:42:59
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Jinxx0r Posts: 2064 Incept: 2007-08-10
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I hope we pull out of iraq in the first 15 minutes... i also hope they start sending out free money via a stimulus package... the bigger the better. Make this idea third, as my wife and I are going to go back on our vow to not use credit cards and plan to max out as many credit cards as they send us to buy as much stuff as we can. it's going to be epic. ---------- "Americans grew tired of being thought of as dumb by the rest of the world, so in 2008, they went to the polls and removed all doubt" ~~ unknown http://www.youtube.com/watch?v=2x2W12A8Qow http://www.youtube.com/watch?v=4pXfHLUlZf4
2008-11-05 12:44:11
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Jinxx0r Posts: 2064 Incept: 2007-08-10
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DELETED, you're right, this one was off topic.
---------- "Americans grew tired of being thought of as dumb by the rest of the world, so in 2008, they went to the polls and removed all doubt" ~~ unknown http://www.youtube.com/watch?v=2x2W12A8Qow http://www.youtube.com/watch?v=4pXfHLUlZf4 Last modified:
2008-11-05 12:59:30 by jinxx0r
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Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
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KD, Martin was consul to many of the largest moneyed elite. He has recently published, from prison I might add a treatise on his views of cycle theory which relates to the fix we find ourselves in. Specifically he speaks to retribution and the heavy hand of the law seeking scapegoats for malfeasance on the part of the regulatory structure diverting blame from itself as a protection of its own “self interest” which could have the effect of chasing capital out of the US market. He also speaks to balancing the destruction of credit with monetization in effect increasing the supply of money as opposed to borrowing which merely shifts the location of capital likely increasing the devastation. It’s a moderate length read, and though you may not agree with what is said I think you might find it compelling on many levels. http://www.contrahour.com/contrahour/fil....
2008-11-05 12:52:56
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