RE: And to add insult to injury

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RE: And to add insult to injury - 2/3/2009 9:20:04 PM

rulemylife

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quote:

ORIGINAL: bestbabync

uuuummmmmm....excuse me.....President Obama voted for the bailout bill.......did he or any of those politicians read it before they voted for it?

It wasn't the Congress that voted for it that was the problem.

It seemed necessary, and probably was, but there was no oversight by the Treasury Dept.

So, the same greedy idiots that got us in this mess were given a blank check, with predictable results.

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RE: And to add insult to injury - 2/3/2009 10:47:09 PM

TheUtopian

Posts: 259
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quote:

ORIGINAL: mefisto69

don't know about the rest of you but - i'm fed up. building a fire under the cauldron and plucking feathers. some assholes only learn the hard way

Personally.....I think it would be a hellva great thing if we could get just a small percentage of the terminally ill to take at least Wall Street banker with them, right before they finally cash out. Seriously.....I consider the scum on Wall Street to be worse than most child molesters.

- R

_____________________________

Vae Victus! - Woe to the conquered....

My tears are the cure for cancer - I sweat testosterone, bleed black, and piss excellence.

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RE: And to add insult to injury - 2/4/2009 2:25:53 AM

corysub

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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: corysub

However, if someone can explain to me how that is done I sure would love to know, as would Ken Lewis, Vikram Pandit, Jamie Dimon, John Mack...and everyone else running a financial institution.

I'm sure they would, as they have seemed pretty clueless so far.

Fortunately, it's not that difficult.

Less greed and more common sense would be a great start.

You take my comment out of context, answer an entirely different question with a generality, and throw out less greed and common sense as the answer to how the banks can lend money? Would it not be great if the answer to difficult problems in business was so simple. And that is really the "core" of Obama's ideological disdain and naive view of business. Greed is always one of, if not the prime reason why any individual or enterprise winds up in difficulty. However, it has been part of the human makeup and can't be legislated away. Unfortunately, in the real world the pendulum only swings back to conservative business practice after a debacle. One of the "answers" that Obama is probably going to introduce today is a "cap" on wages with all sorts of wiggle room for exceptions for good bank versus bad bank. Kinda like a "time out" for executives.

Believe me, I am not thrilled with the performance of some top corporate executives who have obviously been overpaid for years. I'm also not thrilled with the negative contribution Congress has made to todays economic disaseter legislating social change with fair housing laws that forced banks into making sub-prime loans since "everyone has the RIGHT to have their own home", as Barney Frank used to say. FannieMae and FreddieMac are at the core of todays crisis and those institutions were enabled by sympathetic democrat members of Congress who for years received hundreds of thousands of dollars in political contributions. They were all one big happy family! maybe we should cut their salaries too...oh wait, they just voted themselves in increase of almost $100,000 in petty cash for expenses.
http://www.liveleak.com/view?i=4c6_1221753996

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Post #: 23