Bank exsecs try to talk sense to Rs

[Truthmatters]

Bank execs warn GOP on debt limit - Ben White - POLITICO.com



Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression.

Treasury Secretary Timothy Geithner has repeatedly warned Congress that without new borrowing authority, the federal government could hit the statutory debt limit by May 16. Treasury could then implement emergency measures to continue making interest payments on existing debt until roughly July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists.



Read more: http://www.politico.com/news/stories/0411/53783.html#ixzz1Kk4Or5r3

 

[Truthmatters]

another example of how the right is helping Obama turn the economy arround.

They want this country in a depression

 

[Liberty]

blah blah blah. maybe bankruptcy is a good thing for the country; it lets us wash our hands of the filth entitlements that progressives put into law that caused this problem in the first place.

 

[Truthmatters]

There you have it.

There are those on the right who want this country to fail for their political beliefs.

 

[Truthmatters]

How many others on the right think it will be great for the country?

 

[uscitizen]

It will be interesting to see how much of the bluster political hype the right really follows thru on.
They are already backing off on many of their ideals. As they always do.

 

[dilloduck]

Which "right" are y'all talkin' about this time ?

 

[uscitizen]

Which "right" are y'all talkin' about this time ?

Republicans or those who vote republican on the ballot even if Palin is a candidate.

 

[The Infidel]

There you have it.

There are those on the right who want this country to fail for their political beliefs.

There you have it... those on the left are causing this country to fail BECAUSE of their beliefs

 

[R.D.]

So now the evil wall street bank execs are on your side?!?

 

[The Infidel]

It will be interesting to see how much of the bluster political hype the right really follows thru on.
They are already backing off on many of their ideals. As they always do.

Damn, I hate agreeing with you

 

[KissMy]

Obama Vote Against Raising Debt Limit in 2006!

 

[Truthmatters]

So now the evil wall street bank execs are on your side?!?

I guess they dont want to see the economy turn into a depression.

If that is true than on this issue I do agree with them.


I guess you do want to see us in a depression huh?

 

[uscitizen]

Truthmatters the bankers are just covering their own business interests, no patriotism is involved.

 

[Trajan]

Bank execs warn GOP on debt limit - Ben White - POLITICO.com



Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression.

Treasury Secretary Timothy Geithner has repeatedly warned Congress that without new borrowing authority, the federal government could hit the statutory debt limit by May 16. Treasury could then implement emergency measures to continue making interest payments on existing debt until roughly July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists.



Read more: Bank execs warn GOP on debt limit - Ben White - POLITICO.com

ah, so now banks are trustworthy and altruistic? got it......

 

[Truthmatters]

Whatever their reasoning they dont want a depression.

Neither do I

 

[Truthmatters]

Bank execs warn GOP on debt limit - Ben White - POLITICO.com



Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression.

Treasury Secretary Timothy Geithner has repeatedly warned Congress that without new borrowing authority, the federal government could hit the statutory debt limit by May 16. Treasury could then implement emergency measures to continue making interest payments on existing debt until roughly July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists.


Read more: Bank execs warn GOP on debt limit - Ben White - POLITICO.com

ah, so now banks are trustworthy and altruistic? got it......

So you think they are lying about what would happen?

 

[The Infidel]

Bank execs warn GOP on debt limit - Ben White - POLITICO.com



Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression.

Treasury Secretary Timothy Geithner has repeatedly warned Congress that without new borrowing authority, the federal government could hit the statutory debt limit by May 16. Treasury could then implement emergency measures to continue making interest payments on existing debt until roughly July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists.


Read more: Bank execs warn GOP on debt limit - Ben White - POLITICO.com

ah, so now banks are trustworthy and altruistic? got it......

So you think they are lying about what would happen?

What is their track record so far?

 

[uscitizen]

The finiancial institututions pretty much are our gummit.

 

[Trajan]

Whatever their reasoning they dont want a depression.

Neither do I

I didn't think you knew what altruistic meant, but at the least I thought you would look it up....paws slipping on the pages?