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| Is Someone Skeered That Obama Wasn't Blowing Smoke? in forum [Market-Ticker]
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Hilandstrata
Posts: 174
Incept: 2008-10-19
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He may stop the looting, but I doubt he'll start the prosecuting.
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Eaglewwit
Posts: 6054
Incept: 2007-11-30
SoCal
Banned
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Watch what they do, not what they say. How can anyone believe anything Obama, or any politician for that matter, promises. Their track record says otherwise.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Holders' covered in ****. Don't expect him to start doing his job any time soon.
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...burp
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Genesis
Posts: 130662
Incept: 2007-06-26
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Holder IS ****. You can't be covered in something that you're made of.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Trades50
Posts: 4214
Incept: 2007-10-30
Land of Tax and Spend
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Have yet to see someone use a can of Raid (prosecution) on the roaches (Banksters) yet. I'll believe it when I see it.
Speaking of roaches, Corzine has been laying low.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Oldpool
Posts: 873
Incept: 2010-06-23
LI NY
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Richard Cordray
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Liberty, Comrade!
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Oldno7
Posts: 2138
Incept: 2008-11-14
RECALL STATE USA
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Eagle 
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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.
When people lose everything and have nothing left to lose they lose it -Gerald Celente
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Etz
Posts: 13888
Incept: 2007-06-26
LA
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Obama has a great track record of -correctly- bashing cockroach bankers. Only to then turn around and "service" them.
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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Trades50 wrote..Speaking of roaches, Corzine has been laying low. Spot-on. When I see Corzine in leg-irons I'll start to believe this is something other than perhaps a politically-themed show (going after Gibson, anyone?) to try to make it look for the Sheeple like OstumbleAndFall is "doing something".
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Sierraboy
Posts: 1452
Incept: 2007-06-26
San Diego, CA
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Gen, the new debt to GPD bar chart is a huge improvement over the line chart you have been using - so much easier to grasp your point.
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Cgbgjr
Posts: 504
Incept: 2010-04-14
Porcupine Quillage
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When the family dog is barking at me it is not a threat--it is just a plea for one more dog biscuit.
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You know you are in the Dark Ages when Alchemy looks like Destiny.
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Mannfm11
Posts: 3530
Incept: 2009-02-28
DFW, Tx
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I'm counting on it Karl. But, I think the Dow made a new interday high, though I am not sure. Could it be Bernanke and the ECB have pushed so many chips to the banks that it has broken the charts? I contend that it is the banks buying everything and attempting to get their pound of flesh in that manner.
The amazing thing is how they mark their winners to market and their losers to fantasy. I have read they are claiming a profit on the poor quality of their own debt. The new news out there is the ECB has made all this debt in Europe junior to their debt. This is what they are talking about now, but the news has been out there for a long time now. The ECB expects the private lenders to take the losses while they seem to be intent on marking the discounted debt they bougbt to market. Maybe it will get out to the bankers themselves what a crooked enterprise Central Banking and the IMF are. You can be sure the bankers in the know got 70 cents on the dollar for their debt.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Ktrosper
Posts: 1497
Incept: 2010-04-06
ft collins co
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They'll start the investigations the day after the Statute of Limitations runs out.. tic toc.. runnin down the clock!
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Aztrader
Posts: 6648
Incept: 2007-09-10
Scottsdale, AZ
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Obama is still pandering to Wall street. His home refiance scam again will buy him votes with our tax dollars. I doubt very much that this clown will prosecute anyone that slips his campaign some cash. Chicago politics has always been about money.
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Muscleknight
Posts: 3985
Incept: 2007-06-26
Columbia, SC
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Maybe he can stop the looting because they have already finished looting?
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Ktrosper
Posts: 1497
Incept: 2010-04-06
ft collins co
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Muscle wrote..Maybe he can stop the looting because they have already finished looting? that's a good point.. what's left to loot?
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Ponzi_unit
Posts: 8090
Incept: 2007-09-05
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IF I were Obama and IF I were feeling spitefull and IF I believed I may not make the ballot in certain states, I would get about some creative destruction simply out of spite. IF I could put away my spite I would be looking to cut some major deals before I got out. Interesting times.
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Taxpayers witnessed a crime and stayed around long enough to get charged with it.
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Mortgageguymn
Posts: 1561
Incept: 2009-03-09
North Coast
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You don't seriously believe there's one chance in a gazillion that Obama would either stop the looting or start prosecuting, do you?
He wants taxpayers on the hook for new upside-down FHA loans that will be used to refinance upside-down "non-agency" mortgages. That's not stopping the looting, that's shifting it into overdrive.
As for prosecuting - when I see Corzine in handcuffs I'll think that maybe they're at least feigning seriousness.
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Smacktle
Posts: 1357
Incept: 2009-01-20
Texas
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"It's coming here." WHEN?! All I hear is doom and gloom and all I see is the good times keep rolling on.
Maybe because I live in Texas. I don't know.
I believe the math, but around me nobody is hurting much.
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Asimov
Posts: 103848
Incept: 2007-08-26
East Tennessee Eastern Time
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Given the lack of news that might drive this... What if it was the GA obama hearing?
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Vitchilo
Posts: 4565
Incept: 2011-04-27
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Please. Obama won't prosecute his friends. Look at what he's doing right now : http://www.thenation.com/blog/165806/oba....Quote:Obama Is on the Brink of a Settlement With the Big Banks—and Progressives Are Furious
For months, a massive federal settlement with big Wall Street banks over their role in the mortgage crisis has been in the offing. The rumored details have always given progressives heartburn: civil immunity, no investigations, inadequate help for homeowners and a small penalty for the banks.
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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
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Maddman
Posts: 15
Incept: 2010-09-04
Arizona
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"Holder IS ****. You can't be covered in something that you're made of."
Dang Karl, Is that a new word for "icing" ?
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DISCLAIMER: As a citizen of the United States, I hereby withdraw any de facto permission for President Obama to speak or act on my behalf in any matter, domestic or foreign. He is not to be regarded as my representative or emissary in any way.
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Etz
Posts: 13888
Incept: 2007-06-26
LA
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Obama, Holder, Geithner.
Government corruption never had better friends.
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Smartmoney2
Posts: 33
Incept: 2011-12-19
Banned
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Smacktle, I am seeing the same in Houston. Pick any Friday or Saturday night the restaurants have 45 min wait or more. Patrons have no clue of the financial world.
Reminds me of the quote "Nobody Goes There Anymore, It’s Too Crowded".
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