Bernie wants a $7.20 minimum wage

[pknopp]

Right, you support bailing out the banks even though they failed which is how capitalism works but you say you support capitalism. You do not.

It wasnt capitalism that failed. It was easy financing and a bundle of lies. Wasn't capitalism. Once again, your inability to think critically has caused you to arrive at your mistaken drivel.

It was a quid pro quo. Socialism bailed the banks out.

Bullshit. They didn't need a bail out. You mean investment banks? You are either uninformed or straight out lying.

No, they didn't. It was just an excuse to give them billions of dollars to pump up the markets.

In reality it was the markets that needed "bailed out".

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

 

[AzogtheDefiler]

Yes it was capitalism that failed when the real estate housing market dropped.
The buyers had been sold deliberately deceptive adjustable mortgages based on the British LIBOR instead of the US prime, and then the LIBOR was fraudulently manipulated to almost double their payments.
The LIBOR Scandal

No, it wasn't.

Its well documented that it was the LIBOR cheating that caused it all.
It could not have been the fault of giving loans to people who could not afford it because they paid their mortgages for many years previously, without a problem. And it was Bush borrowing trillions that tightened up the credit market, which is also a fault of capitalism.

Many still would have been able to pay their loans. They should have been able to refinance at the current lower rates. The banks despite having these very same people bail them out would not do that because they said they were upside down on their loans.

They might have been but again, these very people bailed the banks out and then the banks forclosed on their homes.

Many times illegally.

NO ONE BAILED COMMERCIAL BANKS OUT!!! What are you talking about?!?!!!?!?!?!?!?!?!?

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

 

[AzogtheDefiler]

It was paid back with debt and equity issuances aka the private sector. You don’t need to explain anything to me. Banks are vital to the US. They are our engine to economic success.

Right, you support bailing out the banks even though they failed which is how capitalism works but you say you support capitalism. You do not.

Banks didn't fail. The TARP was there to encourage them to lend. Your information is all wrong.

Lol....people weren't lacking from the ability to get a loan. Nobody wanted a loan.

Corporate debt and banks were not lending as there was too much uncertainty so Gov't put in monies to get banks lending again but it didn't work. Do not take offense at this but you are very uninformed on this matter and just plain wrong. I was working in the market at the time and saw this happen firsthand.

It didn't work because it was all a lie. If you were working then odds are you should have been charged with a crime.

What was a lie? AIG insured the banks and they got a bail out but the banks did not.

 

[AzogtheDefiler]

It wasnt capitalism that failed. It was easy financing and a bundle of lies. Wasn't capitalism. Once again, your inability to think critically has caused you to arrive at your mistaken drivel.

It was a quid pro quo. Socialism bailed the banks out.

Bullshit. They didn't need a bail out. You mean investment banks? You are either uninformed or straight out lying.

No, they didn't. It was just an excuse to give them billions of dollars to pump up the markets.

In reality it was the markets that needed "bailed out".

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

 

[pknopp]

No, it wasn't.

Its well documented that it was the LIBOR cheating that caused it all.
It could not have been the fault of giving loans to people who could not afford it because they paid their mortgages for many years previously, without a problem. And it was Bush borrowing trillions that tightened up the credit market, which is also a fault of capitalism.

Many still would have been able to pay their loans. They should have been able to refinance at the current lower rates. The banks despite having these very same people bail them out would not do that because they said they were upside down on their loans.

They might have been but again, these very people bailed the banks out and then the banks forclosed on their homes.

Many times illegally.

NO ONE BAILED COMMERCIAL BANKS OUT!!! What are you talking about?!?!!!?!?!?!?!?!?!?

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

We gave the banks billions whether you want to call them a bail out or not.

The money the Fed "gave" the banks was paying interest to the banks also.

It was all a scam. It was argued that the banks should have some of the money held by the Fed. The Fed then paid the banks interest on that money.

The banks got millions on interest payments on money that really wasn't even actually theirs.

Don't we all wish we could get such a sweet deal?

 

[pknopp]

Right, you support bailing out the banks even though they failed which is how capitalism works but you say you support capitalism. You do not.

Banks didn't fail. The TARP was there to encourage them to lend. Your information is all wrong.

Lol....people weren't lacking from the ability to get a loan. Nobody wanted a loan.

Corporate debt and banks were not lending as there was too much uncertainty so Gov't put in monies to get banks lending again but it didn't work. Do not take offense at this but you are very uninformed on this matter and just plain wrong. I was working in the market at the time and saw this happen firsthand.

It didn't work because it was all a lie. If you were working then odds are you should have been charged with a crime.

What was a lie? AIG insured the banks and they got a bail out but the banks did not.

They did.

 

[pknopp]

It was a quid pro quo. Socialism bailed the banks out.

Bullshit. They didn't need a bail out. You mean investment banks? You are either uninformed or straight out lying.

No, they didn't. It was just an excuse to give them billions of dollars to pump up the markets.

In reality it was the markets that needed "bailed out".

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

That isn't what I said. You refuse to discuss what I said.

 

[jknowgood]

It's how it works in other first world countries. I've noted over and over the argument is that the "greatest" country in the world is unable to do what ever other first world country has been able to do.

This says it all:

This chart is not The Total Tax Burden. The AVERAGE American pays 54% of his wages to Federal State and Local.

The Sanders Socialists, want to increase The Total Tax Burden 30%, which means The Average American would be paying 80% of his income in taxes.

Considering that 47% of Americans pay NO TAXES AT ALL in to The System, this is Unacceptable and represents a Financial Collapse for our economy as The Taxpayers will not longer be able to afford to feed, clothe and shelter themselves, while The Non Workers live in relative luxury, and leisure.

No, Sanders consistently has said that by not allowing employers and insurance companies to monopolize health care, we can add the few who would make it free for all, and it would cost us far less.
Sanders has NEVER suggested we should pay any more than we do now.

And by the way, presidents do not get to do anything like this, since it would be Congress and not the president.

Sanders is a Communist who wants to destroy our economy. He is advocating $200 Trillion in spending in just a $20 Trillion GDP economy and increasing American's Total Tax Burden for state, local and federal from 54% to 84%.

Might as well drop a Russian Nuke in to the middle of our economy is that Fool is elected.

That is just all wrong.
First of all Sanders is a socialist, not a communist.
Second is that he is fiscally conservative and does not believe that a budget that is unbalanced is legal.
He has never advocated spending more than we take in.
Health care reforms he suggest would save us hundreds of billions.

He is talking free college and forgiveness on all college debt. Where is that money going to come from.

 

[AzogtheDefiler]

Its well documented that it was the LIBOR cheating that caused it all.
It could not have been the fault of giving loans to people who could not afford it because they paid their mortgages for many years previously, without a problem. And it was Bush borrowing trillions that tightened up the credit market, which is also a fault of capitalism.

Many still would have been able to pay their loans. They should have been able to refinance at the current lower rates. The banks despite having these very same people bail them out would not do that because they said they were upside down on their loans.

They might have been but again, these very people bailed the banks out and then the banks forclosed on their homes.

Many times illegally.

NO ONE BAILED COMMERCIAL BANKS OUT!!! What are you talking about?!?!!!?!?!?!?!?!?!?

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

We gave the banks billions whether you want to call them a bail out or not.

The money the Fed "gave" the banks was paying interest to the banks also.

It was all a scam. It was argued that the banks should have some of the money held by the Fed. The Fed then paid the banks interest on that money.

The banks got millions on interest payments on money that really wasn't even actually theirs.

Don't we all wish we could get such a sweet deal?

Not "gave"..."lent" and they paid it back with interest. You can keep lying and I'll keep calling you out.

 

[AzogtheDefiler]

Banks didn't fail. The TARP was there to encourage them to lend. Your information is all wrong.

Lol....people weren't lacking from the ability to get a loan. Nobody wanted a loan.

Corporate debt and banks were not lending as there was too much uncertainty so Gov't put in monies to get banks lending again but it didn't work. Do not take offense at this but you are very uninformed on this matter and just plain wrong. I was working in the market at the time and saw this happen firsthand.

It didn't work because it was all a lie. If you were working then odds are you should have been charged with a crime.

What was a lie? AIG insured the banks and they got a bail out but the banks did not.

They did.

No they did not. They actually refused the funds.

 

[AzogtheDefiler]

Bullshit. They didn't need a bail out. You mean investment banks? You are either uninformed or straight out lying.

No, they didn't. It was just an excuse to give them billions of dollars to pump up the markets.

In reality it was the markets that needed "bailed out".

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

That isn't what I said. You refuse to discuss what I said.

They didn't want the monies. The Gov't forced TARP on them. It was stupid and didn't work and all the monies were paid back. Go and vote for Bernie. Enjoy but don't lie about why.

 

[AzogtheDefiler]

This says it all:

This chart is not The Total Tax Burden. The AVERAGE American pays 54% of his wages to Federal State and Local.

The Sanders Socialists, want to increase The Total Tax Burden 30%, which means The Average American would be paying 80% of his income in taxes.

Considering that 47% of Americans pay NO TAXES AT ALL in to The System, this is Unacceptable and represents a Financial Collapse for our economy as The Taxpayers will not longer be able to afford to feed, clothe and shelter themselves, while The Non Workers live in relative luxury, and leisure.

No, Sanders consistently has said that by not allowing employers and insurance companies to monopolize health care, we can add the few who would make it free for all, and it would cost us far less.
Sanders has NEVER suggested we should pay any more than we do now.

And by the way, presidents do not get to do anything like this, since it would be Congress and not the president.

Sanders is a Communist who wants to destroy our economy. He is advocating $200 Trillion in spending in just a $20 Trillion GDP economy and increasing American's Total Tax Burden for state, local and federal from 54% to 84%.

Might as well drop a Russian Nuke in to the middle of our economy is that Fool is elected.

That is just all wrong.
First of all Sanders is a socialist, not a communist.
Second is that he is fiscally conservative and does not believe that a budget that is unbalanced is legal.
He has never advocated spending more than we take in.
Health care reforms he suggest would save us hundreds of billions.

He is talking free college and forgiveness on all college debt. Where is that money going to come from.

That is a stupid question...

 

[pknopp]

This says it all:

This chart is not The Total Tax Burden. The AVERAGE American pays 54% of his wages to Federal State and Local.

The Sanders Socialists, want to increase The Total Tax Burden 30%, which means The Average American would be paying 80% of his income in taxes.

Considering that 47% of Americans pay NO TAXES AT ALL in to The System, this is Unacceptable and represents a Financial Collapse for our economy as The Taxpayers will not longer be able to afford to feed, clothe and shelter themselves, while The Non Workers live in relative luxury, and leisure.

No, Sanders consistently has said that by not allowing employers and insurance companies to monopolize health care, we can add the few who would make it free for all, and it would cost us far less.
Sanders has NEVER suggested we should pay any more than we do now.

And by the way, presidents do not get to do anything like this, since it would be Congress and not the president.

Sanders is a Communist who wants to destroy our economy. He is advocating $200 Trillion in spending in just a $20 Trillion GDP economy and increasing American's Total Tax Burden for state, local and federal from 54% to 84%.

Might as well drop a Russian Nuke in to the middle of our economy is that Fool is elected.

That is just all wrong.
First of all Sanders is a socialist, not a communist.
Second is that he is fiscally conservative and does not believe that a budget that is unbalanced is legal.
He has never advocated spending more than we take in.
Health care reforms he suggest would save us hundreds of billions.

He is talking free college and forgiveness on all college debt. Where is that money going to come from.

It's been discussed over and over including more than once today.

 

[pknopp]

Many still would have been able to pay their loans. They should have been able to refinance at the current lower rates. The banks despite having these very same people bail them out would not do that because they said they were upside down on their loans.

They might have been but again, these very people bailed the banks out and then the banks forclosed on their homes.

Many times illegally.

NO ONE BAILED COMMERCIAL BANKS OUT!!! What are you talking about?!?!!!?!?!?!?!?!?!?

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

We gave the banks billions whether you want to call them a bail out or not.

The money the Fed "gave" the banks was paying interest to the banks also.

It was all a scam. It was argued that the banks should have some of the money held by the Fed. The Fed then paid the banks interest on that money.

The banks got millions on interest payments on money that really wasn't even actually theirs.

Don't we all wish we could get such a sweet deal?

Not "gave"..."lent" and they paid it back with interest. You can keep lying and I'll keep calling you out.

They paid it back with programs like Harp. Money that was supposed to go to homeowners but did not. It was used to "pay back" Tarp.

All a scam on the taxpayers.

 

[pknopp]

No, they didn't. It was just an excuse to give them billions of dollars to pump up the markets.

In reality it was the markets that needed "bailed out".

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

That isn't what I said. You refuse to discuss what I said.

They didn't want the monies. The Gov't forced TARP on them. It was stupid and didn't work and all the monies were paid back. Go and vote for Bernie. Enjoy but don't lie about why.

And when I show that they used other government programs to pay the money back?

 

[AzogtheDefiler]

NO ONE BAILED COMMERCIAL BANKS OUT!!! What are you talking about?!?!!!?!?!?!?!?!?!?

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

We gave the banks billions whether you want to call them a bail out or not.

The money the Fed "gave" the banks was paying interest to the banks also.

It was all a scam. It was argued that the banks should have some of the money held by the Fed. The Fed then paid the banks interest on that money.

The banks got millions on interest payments on money that really wasn't even actually theirs.

Don't we all wish we could get such a sweet deal?

Not "gave"..."lent" and they paid it back with interest. You can keep lying and I'll keep calling you out.

They paid it back with programs like Harp. Money that was supposed to go to homeowners but did not. It was used to "pay back" Tarp.

All a scam on the taxpayers.

Wrong. They paid it back with interest. Banks aren’t going to make irresponsible commercial loans. You’re flat out wrong. They used cash flow, private debt and equity issuance.

 

[AzogtheDefiler]

The banks didn't want the capital! It was forced upon them to force them to lend and end the recession. There was no bail out. What on Earth are you talking about? Bear Stearns and Lehman actually failed!

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

That isn't what I said. You refuse to discuss what I said.

They didn't want the monies. The Gov't forced TARP on them. It was stupid and didn't work and all the monies were paid back. Go and vote for Bernie. Enjoy but don't lie about why.

And when I show that they used other government programs to pay the money back?

They didn’t. You’re flat out lying. Just plain and simple lies. They didn’t even want the monies.

 

[pknopp]

They got bought up when they were unable to meet the requirements of Dodd/Frank.

Who did? Wachovia did by Wells Fargo but there was no bail out. BoA bought Merrill Lynch. JPM was just fine, so was SunTrust, so was PNC. What banks failed?

We gave the banks billions whether you want to call them a bail out or not.

The money the Fed "gave" the banks was paying interest to the banks also.

It was all a scam. It was argued that the banks should have some of the money held by the Fed. The Fed then paid the banks interest on that money.

The banks got millions on interest payments on money that really wasn't even actually theirs.

Don't we all wish we could get such a sweet deal?

Not "gave"..."lent" and they paid it back with interest. You can keep lying and I'll keep calling you out.

They paid it back with programs like Harp. Money that was supposed to go to homeowners but did not. It was used to "pay back" Tarp.

All a scam on the taxpayers.

Wrong. They paid it back with interest. Banks aren’t going to make irresponsible commercial loans. You’re flat out wrong. They used cash flow, private debt and equity issuance.

Banks Repaid Fed Bailout With Other Fed Money: Government Report | HuffPost

 

[pknopp]

I explained it to you.

No you didn't. You are extremely uninformed and just plain wrong on this issue. 100% wrong. You said banks didn't pay back the TARP monies when they did and with interest.

That isn't what I said. You refuse to discuss what I said.

They didn't want the monies. The Gov't forced TARP on them. It was stupid and didn't work and all the monies were paid back. Go and vote for Bernie. Enjoy but don't lie about why.

And when I show that they used other government programs to pay the money back?

They didn’t. You’re flat out lying. Just plain and simple lies. They didn’t even want the monies.

All a scam on the taxpayers.


But these days, trading isn't risky at all. In fact, it's safer than walking down the street.



Why?



Because the US government is lending money to the big banks at near-zero interest rates. And the banks are then turning around and lending that money back to the US government at 3%-4% interest rates, making 3%+ on the spread. What's more, the banks are leveraging this trade, borrowing at least $10 for every $1 of equity capital they have, to increase the size of their bets. Which means the banks can turn relatively small amounts of equity into huge profits--by borrowing from the taxpayer and then lending back to the taxpayer.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

 

[jknowgood]

This chart is not The Total Tax Burden. The AVERAGE American pays 54% of his wages to Federal State and Local.

The Sanders Socialists, want to increase The Total Tax Burden 30%, which means The Average American would be paying 80% of his income in taxes.

Considering that 47% of Americans pay NO TAXES AT ALL in to The System, this is Unacceptable and represents a Financial Collapse for our economy as The Taxpayers will not longer be able to afford to feed, clothe and shelter themselves, while The Non Workers live in relative luxury, and leisure.

No, Sanders consistently has said that by not allowing employers and insurance companies to monopolize health care, we can add the few who would make it free for all, and it would cost us far less.
Sanders has NEVER suggested we should pay any more than we do now.

And by the way, presidents do not get to do anything like this, since it would be Congress and not the president.

Sanders is a Communist who wants to destroy our economy. He is advocating $200 Trillion in spending in just a $20 Trillion GDP economy and increasing American's Total Tax Burden for state, local and federal from 54% to 84%.

Might as well drop a Russian Nuke in to the middle of our economy is that Fool is elected.

That is just all wrong.
First of all Sanders is a socialist, not a communist.
Second is that he is fiscally conservative and does not believe that a budget that is unbalanced is legal.
He has never advocated spending more than we take in.
Health care reforms he suggest would save us hundreds of billions.

He is talking free college and forgiveness on all college debt. Where is that money going to come from.

It's been discussed over and over including more than once today.

Oh, the rich will pay for it. Lol