A One-Trick Pony?
Lib Loo
The big problem, especially for shocked supporters, are twelve months of far
more pain than gain. No wonder the left is dispirited - having to justify
all sorts of Bushthink band-aids for banking, credit cards or health
insurance, plus like-mindedness on wars, bailouts and anti-terrorism. What's
creepy is how grateful is this White House for relative crumbs, in denial
its own liberal-swing vote coalition has gotten repeatedly whacked by Senate
dinosaurs. Promised more health care control, many have less, especially
those indentured to buy mandatory, inevitably mediocre insurance or get
fined. In the real world, that's pain without much gain, the wobbly triumph
of gesture over advance.
Even creepier is the prevalence of administration rope-a-dope. Voodoo Bush
economies put Obama against the ropes, but today's lender-in-chief is still
taking the same punches from the same Wall Street bullies (add now Fannie
Mae and Freddie Mac). Stranger still, this White House is bewildered why
pained millions are calling for blood, or an ounce of flesh from bankers
riding tax money to big bonuses. Rope-a-dope only works by exhausting
opponents, not revitalizing failed bankers or failed auto makers, along with
fat cat lobbyists and Senate allies.
Strabo
They (both parties) know what they're doing.
The intent is to crash the economy. Before they do their banker buddies
will milk it for all it's worth. Then they'll buy up remaining assets
for pennies on the ex-dollar.
In the meantime the national security state will grow stronger, the
borders will remain open, public education will be worse, foreign wars
will continue and freedom will be less.
Predictable.
Curly Surmudgeon
> Lib Loo wrote:
>> A One-Trick Pony?
>>
>> The big problem, especially for shocked supporters, are twelve months
>> of far more pain than gain. No wonder the left is dispirited - having
>> to justify all sorts of Bushthink band-aids for banking, credit cards
>> or health insurance, plus like-mindedness on wars, bailouts and
>> anti-terrorism. What's creepy is how grateful is this White House for
>> relative crumbs, in denial its own liberal-swing vote coalition has
>> gotten repeatedly whacked by Senate dinosaurs. Promised more health
>> care control, many have less, especially those indentured to buy
>> mandatory, inevitably mediocre insurance or get fined. In the real
>> world, that's pain without much gain, the wobbly triumph of gesture
>> over advance.
>>
>> Even creepier is the prevalence of administration rope-a-dope. Voodoo
>> Bush economies put Obama against the ropes, but today's lender-in-chief
>> is still taking the same punches from the same Wall Street bullies (add
>> now Fannie Mae and Freddie Mac). Stranger still, this White House is
>> bewildered why pained millions are calling for blood, or an ounce of
>> flesh from bankers riding tax money to big bonuses. Rope-a-dope only
>> works by exhausting opponents, not revitalizing failed bankers or
>> failed auto makers, along with fat cat lobbyists and Senate allies.
>>
>> http://www.smirkingchimp.com/thread/25759
Oh, this is rich! Libby Loo using a hit piece on Bush, the man he
voraciously defended, to slime Obama...
--
Regards, Curly
------------------------------------------------------------------------------
Vote Republican, Suffering Builds Character
------------------------------------------------------------------------------
Dan
<Nothing of significance, sine the Subject line was self-referential to
LiarLou>
Dan
Lib Loo
"Dan" <dnad...@hotmail.com> wrote in message
news:1hM_m.17238$eH1....@newsfe16.iad...
It hurts, huh? I have something you can bite on.
Lib Loo
"Curly Surmudgeon" <CurlySu...@live.com> wrote in message
news:hhfpfc$snj$4...@news.eternal-september.org...
It's note a hit piece on Bush, it's the liberals giving up on their own
messiah. Note the reference to "lender-in-chief". The hypnosis is finally
wearing off brother. We are hear to catch you from falling, close your eyes
and trust us.
Hawke
>> Oh, this is rich! Libby Loo using a hit piece on Bush, the man he
>> voraciously defended, to slime Obama...
>
> It's note a hit piece on Bush, it's the liberals giving up on their own
> messiah. Note the reference to "lender-in-chief". The hypnosis is
> finally wearing off brother. We are hear to catch you from falling,
> close your eyes and trust us.
On the news today they said that the most admired man in the U.S. is
Barack Obama. I don't know where you got your information that liberals
are giving up on him but it's wrong. You know, when you get all your
information from right wing propaganda sources it's factually wrong most
of the time and when it is correct it's slanted. If I was you and I
wanted to know the facts I'd avoid right wing sources. HTH
Hawke
Lib Loo
"Hawke" <davesm...@digitalpath.net> wrote in message
news:hhg922$l72$1...@speranza.aioe.org...
>
>>> Oh, this is rich! Libby Loo using a hit piece on Bush, the man he
>>> voraciously defended, to slime Obama...
>>
>> It's note a hit piece on Bush, it's the liberals giving up on their own
>> messiah. Note the reference to "lender-in-chief". The hypnosis is finally
>> wearing off brother. We are hear to catch you from falling, close your
>> eyes and trust us.
>
>
> On the news today they said that the most admired man in the U.S. is
> Barack Obama.
Sesame Street is not the news. This information is brought to you by the
letter "F minus".
William Wixon
out of BIG banks into smaller community banks. i'm not well informed about
this but it seems like a good idea to me. "starve the cancer within us".
http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html
b.w.
co_f...@yahoo.com
>
> b.w.
The real reason there is no money to loan is the Government is loaning
banks enormous sums at 0.25% or less, so they can buy Government
securities paying 4% or more. This is what is keeping the GNP moving
up a little bit each month.
The small banks continue to go under because of their real estate
backed loans. Here in Central Oregon, most unbuilt subdivisions are
now owned by banks. Most unbuilt industrial land and even newly built
industrial buildings are either owned by local banks or will be soon
when the loans come due in a few months.
The real problem, now, for the FDIC is finding a bank that is willing
or able to take over operation of another bank. Most have already
absorbed several other banks and can't have branches duplicated on the
same block.
If you want to move your money, move it to a Credit Union.
Paul
F. George McDuffee
=================
While a capital idea [pun intentional] the problem is that the
big banks can and do use the Federal "knee knockers" to "make you
an offer you cannot refuse." If you won't deposit your money
with them, they will come and take it anyhow.
see:
http://money.cnn.com/2009/12/30/news/companies/gmac_bailout/
GMAC receives 3rd round of bailout funds
http://www.businessweek.com/news/2009-12-30/gmac-gets-3-8-billion-in-third-package-of-u-s-aid-update1-.html
http://online.wsj.com/article/SB10001424052748704152804574628590579461138.html
and
http://www.businessweek.com/magazine/content/10_02/b4162024080832.htm
Unka George
(George McDuffee)
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).
Dan
Huh?
Dan
F. George McDuffee
<gmcd...@mcduffee-associates.us> wrote:
>>there was a blurb on teh news tonight about a movement to "move your money"
>>out of BIG banks into smaller community banks. i'm not well informed about
>>this but it seems like a good idea to me. "starve the cancer within us".
>>
>>http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html
>>
>>b.w.
>>
>=================
>While a capital idea [pun intentional] the problem is that the
>big banks can and do use the Federal "knee knockers" to "make you
>an offer you cannot refuse." If you won't deposit your money
>with them, they will come and take it anyhow.
-----------------
Some follow up information on GMAC/Ally Bank [and ResCap/Diatech
Funding] The U.S. Taxpayer's are now majority owners as more
TARP funds are flushed down the toilet.
http://www.ft.com/cms/s/0/d32f296c-f587-11de-90ab-00144feab49a.html?nclick_check=1
US Treasury takes majority stake in GMAC
By Tom Braithwaite in Washington
Published: December 30 2009 21:39 | Last updated: December 30
2009 23:52
The US Treasury will become the majority shareholder of GMAC, the
former lending arm of General Motors, as part of a restructuring
announced on Wednesday.
GMAC is to receive $3.8bn in new government investment via the
troubled asset relief programme, the Treasury said, in the final
stage of filling a capital hole identified in the �stress tests�
on banks earlier this year. The deal brings to a close a busy end
to the year for the Treasury�s $700bn Tarp scheme, with most
elements of the bail-out programme winding down and companies
such as Bank of America and Citigroup racing to repay the
government and escape restrictions on pay and hiring.
<snip>
=================
As I have observed before, very important U.S. financial
information continues to be first reported in the foreign media,
and sometimes only in the foreign media. [Financial Times is a UK
publication]
F. George McDuffee
<wwi...@frontiernet.net> wrote:
================
For some info on how this was circumvented before it even started
see http://www.sacbee.com/business/story/2429569.html
NEW YORK � When financial titan Goldman Sachs joined some of its
Wall Street rivals in late 2005 in secretly packaging a new breed
of offshore securities, it gave prospective investors little hint
that many of the deals were so risky that investors could end up
losing hundreds of millions of dollars on them.
McClatchy has obtained previously undisclosed documents that
provide a closer look at the shadowy $1.3 trillion market since
2002 for complex offshore deals, which Chicago financial
consultant and frequent Goldman critic Janet Tavakoli said at
times met "every definition of a Ponzi scheme."
<snip>
---------------