Obama tries to screw up banking next

[Xenophon]

For a man billed as intelligent Barry certainly is quite the moron.

Hey asshole, stop spending money, dump the socialism, start drilling and build nuke plants and shut the fuck up.

THAT is what we want.

Dickwad.

can we stop spending money on iraq and afghanstian or just the stuff you want?

Becuse its clear you don't pay attention, i won't really curse you out for such a fucking stupid comment to me.

Now do yourself a favor and ask the regulars what is my postion on Iraq and Afghanistan, and after you hear it, appologize for being an idiot.

 

[CMike]

So let me get this straight.....you are OK with bailing out the banks with your tax dollars, and then allowing them to continue in the idiotic manner which brought them to their knees, which in turn forced Bush to bail them out? I don't get it?

As was already explained, banks were pressured to give mortgages to people who wouldn't normally qualify for one. Then when all these people couldn't pay the banks back, that caused a big problem.

However, I think it's really bad for the economy to basically stop banks from making almost all loans and mortgages. It is extremely hard to get a loan now.

Also if banks are struggelling what do you think is going to happen when Obama adds a nice fat tax that they have to pay? Will that help the economy? Who will ultimately pay for it?

Obama doesn't seem to understand that when he imposes these taxes he is taking real money away from real people.

I certainly hope you are not referring to the money that these banks are NOT lending to the very people who bailed their sorry asses out?

And why aren't they lending the money?

 

[Xenophon]

For a man billed as intelligent Barry certainly is quite the moron.

Hey asshole, stop spending money, dump the socialism, start drilling and build nuke plants and shut the fuck up.

THAT is what we want.

Dickwad.

Who is "we"? You got a mouse in your pocket?

I see your conversion was incredibly short lived.

 

[VaYank5150]

For a man billed as intelligent Barry certainly is quite the moron.

Hey asshole, stop spending money, dump the socialism, start drilling and build nuke plants and shut the fuck up.

THAT is what we want.

Dickwad.

Who is "we"? You got a mouse in your pocket?

I see your conversion was incredibly short lived.

Slow down there big guy. I can disagree with you, witout you calling me partisan, can't I?

 

[Xenophon]

Who is "we"? You got a mouse in your pocket?

I see your conversion was incredibly short lived.

Slow down there big guy. I can disagree with you, witout you calling me partisan, can't I?

Yes you could, but that isn't what you did.

You intimated nobody but I think what i posted is a good idea.

Do you believe that?

And what part of it do you disagree with, and why.

 

[VaYank5150]

I see your conversion was incredibly short lived.

Slow down there big guy. I can disagree with you, witout you calling me partisan, can't I?

Yes you could, but that isn't what you did.

You intimated nobody but I think what i posted is a good idea.

Do you believe that?

And what part of it do you disagree with, and why.

No, what you did was to espouse yourself and your opinions as if you speak for anyone other than yourself, which in truth NONE of us do.

Drilling is what I disagree with you on.

 

[LibocalypseNow]

Yea those "Evil Banks!" The same "Evil Banks" he gave Billions in Tax Dollars to. This guy is out of touch at this point. He talks out of both sides of his mouth on issues like this. They should take his teleprompter away and maybe then we could force some honesty out of him. What a scam.

 

[Political Junky]

It's funny to see cons insisting on protection of the very banks who charge them outrageous interest on their credit cards, and $35 on a stop payment.
No problem for me as I always pay balance in full.

 

[Xenophon]

Slow down there big guy. I can disagree with you, witout you calling me partisan, can't I?

Yes you could, but that isn't what you did.

You intimated nobody but I think what i posted is a good idea.

Do you believe that?

And what part of it do you disagree with, and why.

No, what you did was to espouse yourself and your opinions as if you speak for anyone other than yourself, which in truth NONE of us do.

Drilling is what I disagree with you on.

Whether you understand it or recognize it, I do speak for other people and quite often.

 

[LibocalypseNow]

He gives Billions in Tax Dollars to the "Evil Banks" and now he's pretending he doesn't like em? Does anyone else see this Bull Chit for what it is? Who is he trying to convince with this chit? Yikes!

 

[Dr Grump]

You need to study history, it was the Fair Housing Act and most recently the Community Reinvestment Act passed by Clinton in his early years that started the financial crisis. BANKS were FORCED into making high risk loans on mortgages or be RED-LINED for growth and opportunities in other neighborhoods. In other words the GOVERNMENT held the gun to BANKS and told them they either make these HIGH-RISK loans or the GOVERNMENT would not let them grow and expand.The GOVERNMENT and it's REGULATIONS caused the financial meltdown.

Now I see we lost 200 points on the Dow because Obama is going after the Banks and Wallstreet, what the economic moron does not yet understand is that the majority of Americans have their retirement funds in 401k's and IRA's, the more he attacks them and threatens more regulations the less our retirement funds.

I disagree. I think it started when Raygun took out the oversight with Building societies that started it all..

That aside, with regard to the stock market - who the fuck cares. So some greedy fuckers are getting rid of their shares because the president wants to make sure other greedy fuckers (the banks) have some oversight. What are they afraid of?

I hope some millionaires out there lost a tonne of money due to this speculation...

 

[Dr Grump]

He gives Billions in Tax Dollars to the "Evil Banks" and now he's pretending he doesn't like em? Does anyone else see this Bull Chit for what it is? Who is he trying to convince with this chit? Yikes!

1) no he didn't
2) bush did
3) but he agreed with it
4) if he didn't you'd be a third world economy and Mexico and Canada would be putting up a wall to stop illegals
5) know your shit before spouting off

 

[VaYank5150]

Yes you could, but that isn't what you did.

You intimated nobody but I think what i posted is a good idea.

Do you believe that?

And what part of it do you disagree with, and why.

No, what you did was to espouse yourself and your opinions as if you speak for anyone other than yourself, which in truth NONE of us do.

Drilling is what I disagree with you on.

Whether you understand it or recognize it, I do speak for other people and quite often.

However, you do not speak for me. Fair?

 

[VaYank5150]

He gives Billions in Tax Dollars to the "Evil Banks" and now he's pretending he doesn't like em? Does anyone else see this Bull Chit for what it is? Who is he trying to convince with this chit? Yikes!

1) no he didn't
2) bush did
3) but he agreed with it
4) if he didn't you'd be a third world economy and Mexico and Canada would be putting up a wall to stop illegals
5) know your shit before spouting off

It's Libo you are talking to Grump....don't hold your breath.

 

[Xenophon]

No, what you did was to espouse yourself and your opinions as if you speak for anyone other than yourself, which in truth NONE of us do.

Drilling is what I disagree with you on.

Whether you understand it or recognize it, I do speak for other people and quite often.

However, you do not speak for me. Fair?

I never said I did.

 

[CMike]

He gives Billions in Tax Dollars to the "Evil Banks" and now he's pretending he doesn't like em? Does anyone else see this Bull Chit for what it is? Who is he trying to convince with this chit? Yikes!

1) no he didn't
2) bush did
3) but he agreed with it
4) if he didn't you'd be a third world economy and Mexico and Canada would be putting up a wall to stop illegals
5) know your shit before spouting off

You should take your own advice. The money was given out by Obama.

 

[Dr Grump]

He gives Billions in Tax Dollars to the "Evil Banks" and now he's pretending he doesn't like em? Does anyone else see this Bull Chit for what it is? Who is he trying to convince with this chit? Yikes!

1) no he didn't
2) bush did
3) but he agreed with it
4) if he didn't you'd be a third world economy and Mexico and Canada would be putting up a wall to stop illegals
5) know your shit before spouting off

You should take your own advice. The money was given out by Obama.

You should retire before the little credibility you have evaporates...

President George Bush signs $700bn economic bail-out plan following its approval by Congress | Business | guardian.co.uk

 

[LibocalypseNow]

Oh so he doesn't like the Banks anymore? Man,i wish he would have felt that way before. How many $Billions did he give those "Evil Banks?" So does he like the Banks or not? I confused. They really should take his teleprompter away so we can finally force some honesty out of him. What a scam.

 

[Vel]

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

You need to study history, it was the Fair Housing Act and most recently the Community Reinvestment Act passed by Clinton in his early years that started the financial crisis. BANKS were FORCED into making high risk loans on mortgages or be RED-LINED for growth and opportunities in other neighborhoods. In other words the GOVERNMENT held the gun to BANKS and told them they either make these HIGH-RISK loans or the GOVERNMENT would not let them grow and expand.The GOVERNMENT and it's REGULATIONS caused the financial meltdown.

Now I see we lost 200 points on the Dow because Obama is going after the Banks and Wallstreet, what the economic moron does not yet understand is that the majority of Americans have their retirement funds in 401k's and IRA's, the more he attacks them and threatens more regulations the less our retirement funds.

The president is frustrated these banks are not lending money anyway interest rates can be at 1 percent it don't matter.
I never seen so many homeless people in my life in this country.
Forget the IRA if these banks don't start doing there job you will see more and more people collection food stamps and living in tents.
when the banks don't lend to small American business more people become unemployed then at some point in time their unemployment runs out and then the bank takes their house and their homeless.
I Stand behind Obama 100 percent on the banks.
my favorite part of his speech today!
“We should no longer allow banks to stray too far from their central mission of serving their customers,” Obama told reporters, flanked by his top economic advisers and lawmakers.

“If these folks want a fight, it’s a fight I’m ready to have,” he said.

here is the link Obama talking tough with banks - thestar.com

What you don't see to understand is that small businesses are NOT clamoring for loans right now. Given high gas prices..the looming threats of government healthcare, cap and tax, and multiple other taxes businesses are NOT pursuing growth or taking on new employees.

 

[Dr Grump]

I confused.

Obviously....