D Senators protect big banks

[Mac1958]

See, Pompous Mac can't criticize Republicans without ripping Democrats. He just can't help himself. Because partisans bad!!!

Um, Joe, the thread is about Democrats.

My goodness.

I've never been up in someone's head like this before.
.

 

[LordBrownTrout]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders.
We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

 

[LordBrownTrout]

Yeah. Those fuckers did a bad thing. They will have some explaining to do.

Thankfully, the GOP was there to save us from it.

Neither party was there and yet both were complicit in their continuous destruction of this country.

 

[JoeB131]

Um, Joe, the thread is about Democrats.

My goodness.

I've never been up in someone's head like this before.

Yeah, but the thing is, you admit the GOP is ******* this up, but, man, you have to rip the democrats for trying to stop them.

All because they don't embrace your bigotry against Muslims and the imaginary PC Police.

 

[LordBrownTrout]

Um, Joe, the thread is about Democrats.

My goodness.

I've never been up in someone's head like this before.

Yeah, but the thing is, you admit the GOP is ******* this up, but, man, you have to rip the democrats for trying to stop them.

All because they don't embrace your bigotry against Muslims and the imaginary PC Police.

The dems aren't trying to stop them. They're in bed with the banks too. Are you that naive?

 

[Mac1958]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

 

[Mac1958]

Um, Joe, the thread is about Democrats.

My goodness.

I've never been up in someone's head like this before.

Yeah, but the thing is, you admit the GOP is ******* this up, but, man, you have to rip the democrats for trying to stop them.

All because they don't embrace your bigotry against Muslims and the imaginary PC Police.

The dems aren't trying to stop them. They're in bed with the banks too. Are you that naive?

He's just obsessed with me. Look at what he wrote.
.

 

[JoeB131]

The dems aren't trying to stop them. They're in bed with the banks too. Are you that naive?

Okay, buddy, the thing is, the Dems realize that overturning Dodd Frank is a terrible idea, because it would allow the same kind of stuff that caused the 2008 crash to happen again.

You see, the responsible banks don't want that to happen again. The irresponsible ones do. Or they hope to make a shitload of money before the economy crashes again.

He's just obsessed with me. Look at what he wrote.

Nope, I just think you need to be mocked at every opportunity because you are so pompous.

 

[LordBrownTrout]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

 

[Mac1958]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

 

[JoeB131]

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

Here's the problem with that...

If the banks collapsed, the economy would have collapsed. The ironic thing is, the Collapse of 2008 was the one time where the politicians put aside partisan stupidity and did what was in the best interest of the country.

Not that it lasted, they were back to partisan bickering quickly enough.

Now what SHOULD have happened was that after the situation stabilized, there should have been prosecutions of the people responsible, but there weren't. The problem wasn't "Too big to fail", it was "Too big to prosecute".

 

[LordBrownTrout]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

I would have let them and the fed burn to the ground. Yeah, it would have been rough for a few years but we would have survived and exponentially stronger.

 

[LordBrownTrout]

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

Here's the problem with that...

If the banks collapsed, the economy would have collapsed. The ironic thing is, the Collapse of 2008 was the one time where the politicians put aside partisan stupidity and did what was in the best interest of the country.

Not that it lasted, they were back to partisan bickering quickly enough.

Now what SHOULD have happened was that after the situation stabilized, there should have been prosecutions of the people responsible, but there weren't. The problem wasn't "Too big to fail", it was "Too big to prosecute".

They did nothing for the good of the country. They, along with the fed, caused the banking collapse. One collapses and they're on to the next bubble. Don't worry, we have the bond, housing, and economic balloons waiting in the wings. It'll make 2008 look like eating hot dogs at the park.

 

[Mac1958]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

I would have let them and the fed burn to the ground. Yeah, it would have been rough for a few years but we would have survived and exponentially stronger.

Well, you're right, we all would have burned to the ground. It would have happened within a month, and would have made the Great Depression look like a family picnic. Globally.

No sensible person was going to let that happen. It was never an option. The question was which tourniquet was going to be applied to stop the heavy bleeding and save the patient. This was pretty much the only one.
.

 

[LordBrownTrout]

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

I would have let them and the fed burn to the ground. Yeah, it would have been rough for a few years but we would have survived and exponentially stronger.

Well, you're right, we all would have burned to the ground. It would have happened within a month, and would have made the Great Depression look like a family picnic. Globally.

No sensible person was going to let that happen. It was never an option. The question was which tourniquet was going to be applied to stop the heavy bleeding and save the patient. This was pretty much the only one.
.

Of course it was never going to happen but is what should have happened.

 

[JoeB131]

They did nothing for the good of the country. They, along with the fed, caused the banking collapse. One collapses and they're on to the next bubble. Don't worry, we have the bond, housing, and economic balloons waiting in the wings. It'll make 2008 look like eating hot dogs at the park.

Dude, you are making me agree with Pompous Mac...

I think the banks and the government were responsible for the banking collaspe, but so were the rest of us.

Those of us who maxed out our credit cards and bought McMansions hoping to flip them in a couple of years.

Are we going to have future bubbles? Probably.

The scary thing is that the guy we have to deal with it couldn't run a fake game show.

 

[Mac1958]

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

I would have let them and the fed burn to the ground. Yeah, it would have been rough for a few years but we would have survived and exponentially stronger.

Well, you're right, we all would have burned to the ground. It would have happened within a month, and would have made the Great Depression look like a family picnic. Globally.

No sensible person was going to let that happen. It was never an option. The question was which tourniquet was going to be applied to stop the heavy bleeding and save the patient. This was pretty much the only one.
.

Of course it was never going to happen but is what should have happened.

Allow our economy to disintegrate, create millions of homeless, massive unemployment, guarantee extended global suffering, when there is a way to avoid it?

I have children. No way, no thanks. We stop the bleeding and then institute rules that assure us that this will never happen again.

Which, of course, we have chosen not to do.
.

 

[iamwhatiseem]

The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

HAhahahaha....
Yes, and this perfectly explains that even as late as 2015, when Investment firms were lining up years of record profits... the O administration was still handing out our money to them. Even after repeatedly using our money to invest in overseas ventures...Obama continued to hand out the money. One year after the collapse, you might remember the story that broke that several Wall Street firms gave out record bonuses to execs....yet Obama had only began to provide free money.

Wow...the blind are truly blind.

 

[JoeB131]

HAhahahaha....
Yes, and this perfectly explains that even as late as 2015, when Investment firms were lining up years of record profits... the O administration was still handing out our money to them. Even after repeatedly using our money to invest in overseas ventures...Obama continued to hand out the money. One year after the collapse, you might remember the story that broke that several Wall Street firms gave out record bonuses to execs....yet Obama had only began to provide free money.

Wow...the blind are truly blind.

Yet you Wingnuts keep bending over for the big banks.

Battered Housewife Republicans, everyone

 

[iamwhatiseem]

And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.

There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.

What was done had nothing to do with politics.
.

Oh yes it did. It was the politicians who helped the banks and then ran to the taxpayer to bail them out. The taxpayer should have never bailed them out.

What was the alternative? Businesses couldn't get short term cash flow loans. From GE to your neighborhood store, money was frozen.

Within a week there's no bread on the shelves. Literally.

What would you have done, exactly?
.

I would have let them and the fed burn to the ground. Yeah, it would have been rough for a few years but we would have survived and exponentially stronger.

Well, you're right, we all would have burned to the ground. It would have happened within a month, and would have made the Great Depression look like a family picnic. Globally.

No sensible person was going to let that happen. It was never an option. The question was which tourniquet was going to be applied to stop the heavy bleeding and save the patient. This was pretty much the only one.
.

You can make that argument. At the same time, there are plenty of legitimate economist who say the exact opposite.
For instance, the automotive industry. They were not only bailed out for their losses...they were provided far more taxpayer dollars then they needed.
If you lost your job, and needed a few months mortgage payments and other bill relief... it would be one thing for someone to give you a few $1000 to cover, but something very different if you were given $20,000. That is what happened. They were not only given money to cover sales losses from the crash, but given money to recover from 10 years of bad decisions and management. An dthen given more, which they took and built factories overseas.