quote:

ORIGINAL: DominantWrestler

lol, here is where republican hypocrisy comes to light. How much did Obama (and bush) bail out banks?

quote:

Because in several circumstances, more than half the federal money was less than half the bonuses the top 20 in each of those companies earned.

quote:


regulators could deny bank branches, license applications

quote:

ORIGINAL: Phydeaux

Look mate,

You cannot defend obamacare by arguing that banks make ridiculous profits.

If you're read anything I've ever written you know that both I - and most republicans have been for criminal prosecution of the banks.
Why in hell did we bail out the AIG in full when everyone else got a 20% haircut.

Too big to fail - was enshrined by democrats.

The top donations in 2006 - 2009 were to democrats. Here's the linkhttps://www.opensecrets.org/orgs/list.php?cycle=2008

Look at the election cycles in 2006, 2008- and see that Citigroup, JPMorgan chase, Goldman Sachs all donated to democrats.

OR go here - https://www.opensecrets.org/industries/recips.php?ind=F03&recipdetail=S&sortorder=U&mem=Y&cycle=2008

and See that the biggest recipient of bank money was barack obama - 3.3 mil.


1. Barak 3.3 mil
2. Mccain 2.2 mil
3. Hilary 1.5 mil
4, Chris Dodd (retired in disgrace) Democrat Senate banking committe 520 K
5 Norm Coleman R-MN 290 K.

Total to dems: 5.3 mil
Total to repubs: 2.5 mil.

In the house, the money is much less:

1. Spencer R, 184K
2. Boehnor, J, 140K
3. Rangel (D) 130K
4. Frank (D) 120K
5. Emanuel (D) 115K

Democrats 365K
Republicans 325K

quote:

ORIGINAL: Phydeaux
So why didn't a democrat congress, a democrat senate, and a democrat president stop it. Hmmm?
If you're still mystified by the answer - let me point you to the donations list two posts ago.

quote:

ORIGINAL: Phydeaux

quote:

Because in several circumstances, more than half the federal money was less than half the bonuses the top 20 in each of those companies earned.

Nine companies.

All told, the bonus pools at the nine banks that receihttp://www.nytimes.com/2009/07/31/business/31pay.htmlved bailout money was $32.6 billion, while those banks lost $81 billion.

You should recognize the names on the list.

AIG
Goldman Sachs
Morgan Stanley
Citigroup
Bank of America.

Etc. Sound familiar. Yep. those same companies were predominantly democrat donors.
But personally, I don't care if they're democrat or republican - we should have stopped it right?

So why didn't a democrat congress, a democrat senate, and a democrat president stop it. Hmmm?
If you're still mystified by the answer - let me point you to the donations list two posts ago.


Citigroup - 45 billion in tarp funds 5.3 billion in bonuses.
Bank of America 45 billion in funds 3.3 billion in bonuses
Merril Lynch 18.6 billion in bail outs 3.6 billion in bonuses..

And so on. In no case was the bonuses more than half the fed money received, so your figures are wrong. But the more important point - is why should the employees get any bonus money at all....

quote:

ORIGINAL: mnottertail

quote:


regulators could deny bank branches, license applications

FOR EXPANSION AND TAKEOVERS. Uh, and the money being made, they were expanding and taking over others.

Look at any city in the us. The three plushest buildings are (in order): The Bank, The Insurance company, The Jail.

The 'requirement' would be a very big mischaracterization, they were happy as nutsuckers felching to comply, they went as far out of their way to comply as possible with the guidelines.

quote:

ORIGINAL: joether

quote:

ORIGINAL: Phydeaux

Look mate,

You cannot defend obamacare by arguing that banks make ridiculous profits.

If you're read anything I've ever written you know that both I - and most republicans have been for criminal prosecution of the banks.
Why in hell did we bail out the AIG in full when everyone else got a 20% haircut.

Too big to fail - was enshrined by democrats.

The top donations in 2006 - 2009 were to democrats. Here's the linkhttps://www.opensecrets.org/orgs/list.php?cycle=2008

Look at the election cycles in 2006, 2008- and see that Citigroup, JPMorgan chase, Goldman Sachs all donated to democrats.

OR go here - https://www.opensecrets.org/industries/recips.php?ind=F03&recipdetail=S&sortorder=U&mem=Y&cycle=2008

and See that the biggest recipient of bank money was barack obama - 3.3 mil.


1. Barak 3.3 mil
2. Mccain 2.2 mil
3. Hilary 1.5 mil
4, Chris Dodd (retired in disgrace) Democrat Senate banking committe 520 K
5 Norm Coleman R-MN 290 K.

Total to dems: 5.3 mil
Total to repubs: 2.5 mil.

In the house, the money is much less:

1. Spencer R, 184K
2. Boehnor, J, 140K
3. Rangel (D) 130K
4. Frank (D) 120K
5. Emanuel (D) 115K

Democrats 365K
Republicans 325K

Lets just entertain the republican (and your) fantasy for a moment. That the banks were not bailed out like under the Democrats.

quote:

ORIGINAL: joether

quote:

ORIGINAL: Phydeaux
So why didn't a democrat congress, a democrat senate, and a democrat president stop it. Hmmm?
If you're still mystified by the answer - let me point you to the donations list two posts ago.

At the time? The country was spiraling down into another great economic depression. Do you keep a sinking ship afloat by asking how the engineers wash their socks? Or focusing on the rupture in the hull that is allowing water on board?

After that time period.....

Never heard of Senator Elizabeth Warren from Massachusetts? Wonderful lady whom has gone after the financial sectors. In fact, Democrats wished to place new regulations on those financial institutions. Who opposed? The Republican Party.

You want to bitch at the Democrats while giving a blank check to what the Republicans have done?

quote:

ORIGINAL: Phydeaux
This is not the kind of reform the american people wanted.

Likewise Sarbanes-Oxeley is a paperwork nightmare - and again does nothing to correct the practices that lead to the govt bailout.

quote:

ORIGINAL: Phydeaux

quote:

ORIGINAL: joether
Blah blah blah

How about you put aside your partisan delusions for a minute.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: DominantWrestler

Glass steagall is what's needed

quote:

ORIGINAL: Phydeaux

quote:

ORIGINAL: joether

quote:

ORIGINAL: Phydeaux

Look mate,

You cannot defend obamacare by arguing that banks make ridiculous profits.

If you're read anything I've ever written you know that both I - and most republicans have been for criminal prosecution of the banks.
Why in hell did we bail out the AIG in full when everyone else got a 20% haircut.

Too big to fail - was enshrined by democrats.

The top donations in 2006 - 2009 were to democrats. Here's the linkhttps://www.opensecrets.org/orgs/list.php?cycle=2008

Look at the election cycles in 2006, 2008- and see that Citigroup, JPMorgan chase, Goldman Sachs all donated to democrats.

OR go here - https://www.opensecrets.org/industries/recips.php?ind=F03&recipdetail=S&sortorder=U&mem=Y&cycle=2008

and See that the biggest recipient of bank money was barack obama - 3.3 mil.


1. Barak 3.3 mil
2. Mccain 2.2 mil
3. Hilary 1.5 mil
4, Chris Dodd (retired in disgrace) Democrat Senate banking committe 520 K
5 Norm Coleman R-MN 290 K.

Total to dems: 5.3 mil
Total to repubs: 2.5 mil.

In the house, the money is much less:

1. Spencer R, 184K
2. Boehnor, J, 140K
3. Rangel (D) 130K
4. Frank (D) 120K
5. Emanuel (D) 115K

Democrats 365K
Republicans 325K

Lets just entertain the republican (and your) fantasy for a moment. That the banks were not bailed out like under the Democrats.

Thats not my fantasy.

What would I and republicans like to see/have seen?

a. Bailout the banks that truly were going to fail. Most of the banks on this list used it as a no-cost slush fund.
b. Give the people that trying to get the US government to back a CDO a haircut.

In other words, you bought crappy securities, mostly knowingly. You want my bank to redeem a CDO.
Well, with my bank bankrupt - your cdo is worth nothing. How about I redeem it for 80%.

Do you not realize that the use government redeemed in one transaction 192 billion dollars for foreign stakeholders. All these loans should have gotten a hair cut, just as greece and or every other institution.

c. Haircuts at the very least - and jail sentences for those that broke the law - for the executives of these firms. Certainly not retention bonuses. And I would clawback prior year bonuses. Don't like it - you're fired.
d. Break up. Split the banks into smaller components over the next 3-5 years. A bank that is managing trillions in assets is too big.
e. Reinstate Glass-Seagal
f. Publish the names of every politician that voted for things that destroyed so many low income lives and drum them out of office.

quote:

ORIGINAL: DominantWrestler

quote:

ORIGINAL: Phydeaux

quote:

ORIGINAL: joether

quote:

ORIGINAL: Phydeaux

Look mate,

You cannot defend obamacare by arguing that banks make ridiculous profits.

If you're read anything I've ever written you know that both I - and most republicans have been for criminal prosecution of the banks.
Why in hell did we bail out the AIG in full when everyone else got a 20% haircut.

Too big to fail - was enshrined by democrats.

The top donations in 2006 - 2009 were to democrats. Here's the linkhttps://www.opensecrets.org/orgs/list.php?cycle=2008

Look at the election cycles in 2006, 2008- and see that Citigroup, JPMorgan chase, Goldman Sachs all donated to democrats.

OR go here - https://www.opensecrets.org/industries/recips.php?ind=F03&recipdetail=S&sortorder=U&mem=Y&cycle=2008

and See that the biggest recipient of bank money was barack obama - 3.3 mil.


1. Barak 3.3 mil
2. Mccain 2.2 mil
3. Hilary 1.5 mil
4, Chris Dodd (retired in disgrace) Democrat Senate banking committe 520 K
5 Norm Coleman R-MN 290 K.

Total to dems: 5.3 mil
Total to repubs: 2.5 mil.

In the house, the money is much less:

1. Spencer R, 184K
2. Boehnor, J, 140K
3. Rangel (D) 130K
4. Frank (D) 120K
5. Emanuel (D) 115K

Democrats 365K
Republicans 325K

Lets just entertain the republican (and your) fantasy for a moment. That the banks were not bailed out like under the Democrats.

Thats not my fantasy.

What would I and republicans like to see/have seen?

a. Bailout the banks that truly were going to fail. Most of the banks on this list used it as a no-cost slush fund.
b. Give the people that trying to get the US government to back a CDO a haircut.

In other words, you bought crappy securities, mostly knowingly. You want my bank to redeem a CDO.
Well, with my bank bankrupt - your cdo is worth nothing. How about I redeem it for 80%.

Do you not realize that the use government redeemed in one transaction 192 billion dollars for foreign stakeholders. All these loans should have gotten a hair cut, just as greece and or every other institution.

c. Haircuts at the very least - and jail sentences for those that broke the law - for the executives of these firms. Certainly not retention bonuses. And I would clawback prior year bonuses. Don't like it - you're fired.
d. Break up. Split the banks into smaller components over the next 3-5 years. A bank that is managing trillions in assets is too big.
e. Reinstate Glass-Seagal
f. Publish the names of every politician that voted for things that destroyed so many low income lives and drum them out of office.

Phydeaux, as much as I hate you sometimes, this is why I do like having you around to; throw in different perspectives. I agree with C-F but have mixed feelings on which way to approach A and would do more research before stating an opinion on b. This is much of where the left and right could find common ground