General Music Chat

http://money.cnn.com/2013/05/28/investing/stocks-markets/index.html?hpt=hp_t2

Since Obama has been President my 401k and IRA's have more than doubled in value. The value of my house keeps going up. I've never made as much money as I've made recently. You can see why I laugh when the conservajerks mention the "scandals".

You've never needed as much money as you've needed recently.

However... good for you. Use it now, if possible.
Someday never comes.

Yep

The Greeks were ecstatic about how well the funny money scheme was working for them.

Were and was . . . being the principle words here.

DAWG, your explanation is good, but the input values are skewed.

Under president Bush, there was a huge push, from a democratic congress to allow and further home ownership. President Bush argued against it many times.

What it allowed was crooks and thieves to take advantage of a government permitted situation.

What it did was hold out a lie, that some one making 20 bucks an hour could afford a 200 thousand dollar home and pay another 5 thousand in property taxes.

I'm not going to do the math for everyone, but basically that means that some one with a 7% mortgage means IT CAN'T BE DONE.

With TAXPAYER dollars OUR GOVERNMENT was writing the biggest, best ,derivatives of all!

ALL AT TAXPAYER EXPENSE. WHEN THE BANKS FAILED... OUR GOVERNMENT HAD TO EXPLAIN AWAY THE BLAME!

DAWG, your explanation is good, but the input values are skewed.

Under president Bush, there was a huge push, from a democratic congress to allow and further home ownership. President Bush argued against it many times.

What it allowed was crooks and thieves to take advantage of a government permitted situation.

What it did was hold out a lie, that some one making 20 bucks an hour could afford a 200 thousand dollar home and pay another 5 thousand in property taxes.

I'm not going to do the math for everyone, but basically that means that some one with a 7% mortgage means IT CAN'T BE DONE.

With TAXPAYER dollars OUR GOVERNMENT was writing the biggest, best ,derivatives of all!

ALL AT TAXPAYER EXPENSE. WHEN THE BANKS FAILED... OUR GOVERNMENT HAD TO EXPLAIN AWAY THE BLAME!

Glen, the govt does not/ cannot practice derivatives trading and exchange.
The banks and lending institutions can...and did. (That was Bush's argument and that's what he was warning congress about).

I don't know what you mean by skewed. The math is pretty straight forward. So is the explanation of a derivative..

Fannie Mae issued loans to poor people, who should not have been given such loans...(but we already know that) . Frank's association with Fannie and Freddie came about by way of campaign donations. He accepted donations, and was later accused by republicans of not fulfilling Lending Reform agendas (this was convenient for Fannie and Freddie). Additionally he blamed Bush for the issuance of Sub-prime lending. (Aka derivatives).

Here's the twist.. Bush was responsible for pushing sub-prime lending practices...But that was ONLY After bad loans were made and AFTER financial committees advised Bush that the tax payer would bear the brunt of these bad loans, when they went into default. The fasted way to keep the gov intact and to spare the taxpayer, was to sell off those loans (if only at cost) to banks, (who sought to profit off the misery of the foreclosed.). It f**k poor home owners in the ass so hard, thatthe bottom of the market dropped out.

DAWG, your explanation is good, but the input values are skewed.

Under president Bush, there was a huge push, from a democratic congress to allow and further home ownership. President Bush argued against it many times.

What it allowed was crooks and thieves to take advantage of a government permitted situation.

What it did was hold out a lie, that some one making 20 bucks an hour could afford a 200 thousand dollar home and pay another 5 thousand in property taxes.

I'm not going to do the math for everyone, but basically that means that some one with a 7% mortgage means IT CAN'T BE DONE.

With TAXPAYER dollars OUR GOVERNMENT was writing the biggest, best ,derivatives of all!

ALL AT TAXPAYER EXPENSE. WHEN THE BANKS FAILED... OUR GOVERNMENT HAD TO EXPLAIN AWAY THE BLAME!

Don't forget that some of those lenders were lending 110% on some of those loans.

Thanks Haley, that was what I was trying to say to dawg.

On top of that OUR GOVERNMENT WAS DIRECTLY INVOLVED AND TOTALLY RESPONSIBLE BECAUSE...

They wrote the laws that HURT so many Americans by allowing this.

Barney Frank is a traitor, a domestic terrorist... God bless the stupid.

Thanks for bringing this up Jimmy.

Remember the only way to beat stupid is with bigger and better stupid!

Once again, we have government out of control, deflecting all the real problems that have been mostly created by themselves, lying about the protections they are providing, and generally just being leaches on the greatness of the AMERICAN PEOPLE.

I don't hear any outrage. If it was a thief ransacking your home, or raping your daughters and wives, or slowly clapping the chains of slavery on you...

NO... Instead we have raised a nation of spineless Americans , content with their position in life.

What a disgrace.

I just heard a better one.

If we went to 100% taxation on every corporation, and every individual in America... The great ponzi scheme thrust on America...

We would not be be able to pay off the interest on the national debt.

Amazing... soon your dollars will not be accepted in the international community. Germany, Russia, China, Japan are all stockpiling GOLD, to stabilize their currencies.

When this happens, all heck is going to break loose.

This country is being taken down... It all started December 23,1913. Congress was still in session just before Christmas. Many members were absent... STILL they voted to establish the FEDERAL RESERVE and remove us from the value that had substantiated the value of the US DOLLAR.
That only freed the government to borrow as much money as needed... only it was fake money that never really existed. I know this is way over most peoples thinking... But we just past a major tipping point.

The end result is that we have allowed a banking system that is preying on a political system and putting all free men in chains.

Financial crises ? What financial crises?
YOU ARE JOKING?

This is really scary stuff...

I don't see any one stepping up to the plate. I don't think that most of you understand the gravity of the situation. Way to many are in total denial and praying that it will be OK tomorrow. That includes Senators, congressmen, judges, and every government office holder and worker on down.

Simple... The worlds currency reserve has been based on the US DOLLAR.

The federal reserve has been PRINTING trillions of value less DOLLARS.

The worlds currency reserve is soon to be based on something different than US dollars. It is already happening. Many countries are already dealing in commodities that are traded in NON US DOLLARS. You know,stupid stuff like oil, minerals, food.

Jimmy you started this thread... Then you stepped away from the plate.

When are going to be responsible with you post's?

Responsible with MY posts? If I had that kind of power I'd kick you off them.

Responsible with MY posts? If I had that kind of power I'd kick you off them.

ACHTUNE MEIN FRAULINE.

Sorry for using the same tactics of Saul ... BIG LAUGH... They work. Every commie socialist better get their guns trained on me while they have a chance.

Jimmy I can't believe you even bit on that. You have no answer when confronted with the truth. Of course you would kick me off... I just helped you take your education to a new level where you helped make yourself look silly.

You really should just stick to music.

Jimmy... BUMP!!!!!!!

The first bail out I understand was in a hurry, but an immediate afterthought could have been paying the homeowners instead. The banks would still get their money, a bail out from the bottom up. The big difference is those folks get to keep their homes. I’m talking about conservative 20/30yr loans with a good appraisal and not ARM, or interests only.

No bank will ever pass on a way to profit, if you want them to fail, simply let greed do its thing. And who is more of an authority on risk then the central bank and our own government?

I still get a kick out of how they designated an army unit specifically for “domestic deployment” several days before the first bailout, what a joke and the media still doesn’t get it? As if the National Guard doesn’t have a purpose. The logic is pretty clear if the intention were anything different, the political geniuses would have delayed it, because of the mere appearance of how it could look. The fact they did take such extreme precautions, does relate to the seriousness of the situation from the governmental view.

Can you imagine how shocked they were when nobody did anything at all? On a side note Iceland literally had a complete revolution based on renegotiating their debt. If you look it up you’ll see more than one protest about how they had a total revolution and news of it be missing in our main stream media. It must have been back when Charlie Sheen was “world news”. Obviously Iceland and the US are different animals not to say it would work here, just that even the mention of “debt” and “revolution” in the same report would be enough to launch the drones.

Well as they say: “No news, is world news”.

Nah they don’t say that, but they should.

Cool Lalong.

Bump.