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| The Tea Party F*ed You. Fire Them in forum [Market-Ticker]
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Donethat
Posts: 771
Incept: 2009-04-22
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You are too kind Gen, and to think we will have two new senators from Utah and Ohio headed for the same trough.
And fire the 420 other bank bought representatives while we are at it. Elections are coming soon.
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Ugrev
Posts: 144
Incept: 2010-03-08
The police state of NY
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Emailed my rep and told her exactly what I thought of her Aye's for the patriot extension, NDAA and CISPA as well as this.
NY-25, Congresswoman Buerkel. TRAITOR.
I voted for her and my vote was stolen from me by this traitor.
Beginning to think that voting won't make a lick of difference...
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Noodleman
Posts: 2393
Incept: 2008-11-01
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This entire political system is so ******. They can lie to us with a straight face as they take our money and votes - and a couple years later renege on their promises and not even offer an apology. Lying to constituents should carry the same penalty as perjury IMO. How could a rational person have faith and confidence in the American political system as it stands today?
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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Attilahooper
Posts: 1924
Incept: 2007-08-28
New York, by way of Montreal Canada.
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and to think we didn't even get a kiss, before being ass*****d.
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Yazooflesh
Posts: 5003
Incept: 2007-08-02
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All parties are grasping at straws.
There is no party platform that can resolve a 15 trillion dollar debt...and that is what's coming.
10 more years of these deficits and you have a 15 trillion deficit. What to do?
The cliff has indeed been breached...we're going over.
What happens when the money dries up?
It has already dried up...we're in the the hospitality stage of our demise...
Trying to accomodate peoples we made promises to...
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Morla
Posts: 817
Incept: 2009-11-09
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Let Wall Street, the GOP, the public unions, and the commies keep the decaying husks of the protest movements they ruined. I'm still hoping the intellectually honest refugees from both groups can get together and figure something out. I'm sure by now Bill Black has stumbled out of the wreckage of OWS (and the 1st Amendment), maybe he's staying in contact with the OWSers he met who actually "get it" (probably less than half originally and countable on one hand by now).
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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
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Noodleman
Posts: 2393
Incept: 2008-11-01
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
Reason: ooops. Wrong Ticker.
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Mannfm11
Posts: 3551
Incept: 2009-02-28
DFW, Tx
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Jefferson said, "If they ever consolidate power in DC, this will be the most corrupt institution on Earth". Everything dumped into the sewer turns to ****.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Griff
Posts: 80
Incept: 2007-10-25
Chicago
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I'm not sure I understand this. Non-accrual loan status is an accounting concept and congress does not promulgate GAAP. They may influence GAAP indirectly via the SEC, but there is no evidence that this is happening at this point.
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"He will come like a thief in the night"
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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We must be getting ready for a new round of stress tests. This to me is a indication that the EU is going to hit the wall soon. Essentailly this bill, makes the next stress test less stressful. Equivalent to making a 50 on a social studies test a B. See our banks are well capitalized, they have firewalls... The blast shields worked.
I hoped this was passed in preparation for the EU and not JP Morgans trading loss. It makes me wonder if these finanical institutions even pay their SEC fines (I would lke to see some cancelled checks or is there some law they exempts them from paying their own fine. Since its expensed I guess its about a 45% discount from face value already.
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Traumaboyy
Posts: 201
Incept: 2011-05-20
Northwest Florida
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Just glanced at the bill.....No mention of a reach-around....did I miss it??
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Patentleathershoes
Posts: 9997
Incept: 2007-09-13
On the Daisy Chain
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How do we start a campaign to fire K street without getting congress involved?
I can't think of a way but that would be the way to take the wind out of their sails.
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"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan
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Flappingeagle
Posts: 1229
Incept: 2011-04-14
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Quote:‘(1) a commercial loan shall not be placed in non-accrual status solely because the collateral for such loan has deteriorated in value; Suppose I have a home loan on which I've never missed or been late with a payment for five years yet, I am underwater thanks to falling property values. According to this new law my loan does not automatically have to go into non-non-accrual? Does it have to currently? Perhaps it should given that it would affect the various ratios that determine a bank's stability? Is my example even valid given that the word "commercial" is used? I'm obviously not a banking expert. Flap
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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
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Jake3463
Posts: 770
Incept: 2010-03-06
Allentown
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The way the media works is that the second that any of these groups start to become relevant whether they be the tea party or the OWS movement the media will go in and pick out "leaders" that are in fact the most likely to go with the status quo or are status quo plants in the movement.
Anyone who was supporting the tea party in 2010 should have gotten real nervous the minute they heard Dick Armey was involved.
Anyone who was supporting OWS should have gotten real nervous when Obama started to partially speak their language.
As I was telling someone at a BBQ yesterday on voting. Not one of the criminals from 2008 has so much gotten a fine let alone arrested for crashing the world economy and if you think the banker from Bain has any plans to change that you are in for some real disappointment.
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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Wis/min
Posts: 5364
Incept: 2009-08-14
On the border
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Rhetoric may be good enough to get one elected but lack of substantial follow through should be more than enough to get one booted.
Take out these 11 and the other 524 with them as far as I am concerned.
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Oddone
Posts: 85
Incept: 2008-07-14
About 10 miles from Genesis
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Hmm, I think I woke up on the morose side of the bed this morning...
Anyone thinking this can be fixed from the voting booth is deluded IMO. Once institutionalized fraud becomes entrenched from the top down, the only viable solution is hitting the "reset" button, flushing everything, and starting over. Doesn't matter what politician comes along with what platform, there'll never be any significant cooperation on stopping the fraud since everyone's in on the scam.
The options that lay ahead are all unpleasant, and range from at best a continuation of the status quo until the planet's economy implodes (which as Karl has pointed out on more than one occasion is a mathematical certainty) to at worst a full sociopolitical collapse, anarchy, and wide-scale warfare, and there's a very strong probability that the former will occur and lead right into the latter, especially where European history is concerned.
I'm not about to advocate violence because that way madness lay, but how will it be avoided? What option is left aside from the ammo box? Still think there's a chance though the ballot box? Why, and how are they possibly going to have the cooperation it'll take to make the needed changes on the needed scale?
It's not just the United States, either. The entire world is just about out of options, and the time to make the hard decisions is almost here. Things are about to get Biblical unless the impossible happens and a lot of scam artists miraculously see the error of their ways and reverse out fifty years of criminality incrementally made "legal."
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Tm22721
Posts: 976
Incept: 2008-01-09
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We are still in denial stage about debt deflation.
Next is anger, then eventual acceptance.
People do not change before they have to.
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The country is terminally ill and IT JUST WANTS A PILL.
The only way up is down.
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Ponzi_unit
Posts: 8116
Incept: 2007-09-05
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So just how did the bank lobbyists convince our TP representatives that this was the right thing to do?
I speculate they used the Hank Paulson technique, basically something such as, "if you pass this bill we will no longer need bailouts and you will be serving your constituents as you promised." Of course Paulson is best known for the tanks in the street and ATM shutdown threat but they must have put their own unique spin on this just so the newbie representatives could say they didn't fall for that old trick.
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Taxpayers witnessed a crime and stayed around long enough to get charged with it.
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Enapa
Posts: 1165
Incept: 2008-01-25
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Im confused as to why any of you are surprised at this. Anyone who is allowed to win office is allowed to win by the powers that be. We have no control anymore. They are too powerful. Anyone who doesnt see this is living in a dreamland. These tea partiers is just the final proof i needed. Our votes mean nothing and havent for a long long time.
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Bertdilbert
Posts: 2662
Incept: 2008-12-22
CA
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It is the American way. Money buys politics. There is no solution.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Quote:There is no solution Don't pay in.
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...burp
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Videopro
Posts: 1898
Incept: 2007-08-03
L.A. Area
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Quote:It is the American way. Money buys politics. There is no solution. Money buys voting booth fraud too. Does anyone really think you can just waltz in the booth and vote all these f*cks out cleanly and honestly??
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"The Spinning Cyclone Of Deflation Is Fueled By Deficit Spending. An efficient asset destroying storm powered by the printing press". - Me
When the Nazi's broke every law when coming to power, people in later years were asked, how were they allowed to do it? The answer was easy: They Simply Did It.
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Ducarius
Posts: 125
Incept: 2010-08-25
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Can we not get some sort of provision inserted into the Constitution that is a no confidence purge and reset button? All senators and representatives kicked out and banned from holding federal position ever again. If we can't do it now I strongly encourage some mechanism like that to be added after the upcoming 3rd American Revolution.
I see this happen at a micro level all the time, particularly in restaurants and schools/colleges. There is a pizza place down the street that was awesome when I was a kid because the people there had a great attitude, treated their customers promptly with courtesy and the store was always spotless clean. They always got your order right too! Over the course of 20 years the place has become rundown, it is always dirty, they constantly screw up your order in minor ways, leave you on hold for ages or don't even answer the phone even when 10 people are working in the store. The list goes on. None of the employees seem to give a **** and also don't seem to be afraid they will lose their job for lackluster performance. If you fire a few, yeah you might scare the others into working hard for a little while, but eventually they will settle back into the lackluster performance and drag the new employees down with them. But, if you fire them all, bring in a whole new staff and start them off well they settle into a pattern of higher performance for a much longer time because to them that is the way it has always been.
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