posted
you are right glassman about mortage bankers lending out money that they never had.
It was investors in the end that paid and lost all in this scam.
Investores like large pension funds both private and government both forgien and domestic.
all of them lured in by misleading ratings of these securities by very respected companies like standard and poors who like others made a killing in this fraud.
Some of these private label securities backed by realestate that copied the government version were worthless in 6 months. Many today they say are worth 20 to 30 cents on the dollar if you can find someone to buy them.
Think of how this is going to affect the lives of millions of people that do not even invest at all.
And who will they in the end ask and make responsible to clean the whole mess up I tell you it will be the joe blow tax payer working at his low paying job. Any more in recent history being looked at as the sucker of the world and economic cannon fodder
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:i also repeat my earlier statements about you doing business regularly with those drug dealers "bosses" that you aren't aware of and probably even respect. they DO live in Telluride and Palm beach, they are presidents of Frat houses, and bankers...
So, you said that I do business regularly with drug dealers "bosses". You said they are presidents of frat houses and bankers. I asked you if you thought my local banker was a drug kingpin.
To which you responded:
quote:you are naive... all drug money has to be laundered.
So, if that didn't mean "yes", you think my banker is a drug kingpin, what did it mean? Why can't you say what you really mean? Since you said I'm dealing with drug dealer "bosses", who are they and what are you talking about?
You don't sound like a conservative. Conservatives are usually not afraid to just say things straight up. You sound more like the lefties who dare not speak what they really mean.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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posted
LOL. i said it right, out you just wanted twist my words.
i don't know whoTF your banker is, i just know how many hundreds of millions of "drug dollars" are being laundered every year, and i know the whole industry is complicit. you want me to say some specific person is guilty of criminal behaviour? i'm not as much of a fool as you want to believe everybody but you is.
as for your "conservative talk show" type freaks that don't see in living color? they assume everything is black and white because their brains can't process color.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:i just know how many hundreds of millions of "drug dollars" are being laundered every year, and i know the whole industry is complicit.
I think that's a huge exaggeration. I seriously doubt that my local bank in knowingly involved in laundering money!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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* Wholesale-level drug distribution in the United States generates between $13.6 billion and $48.4 billion annually.
* Between $8.3 billion and $24.9 billion in drug proceeds is smuggled out of the United States by Mexican and Colombian DTOs across the U.S.-Mexico border, primarily in bulk through South Texas POEs. These proceeds often are repatriated to a Mexican bank account but sometimes are commingled with legitimate proceeds at Mexican money services businesses (MSBs), then transported back into the United States via legitimate courier companies. Funds transported back to the United States typically are deposited into the MSBs' U.S. bank accounts. From those accounts, the funds are most likely wire-transferred worldwide to correspondent accounts for use by the trafficker or money brokers.
Recent U.S. government analyses conducted at the request of ONDCP suggest that wholesale level drug distribution generates between $13.6 billion and $48.4 billion annually.5 This range, while broad, indicates the magnitude of revenues generated through wholesale drug distribution in domestic drug markets. Substantially more revenue is generated through midlevel and retail drug transactions; however, significant intelligence gaps concerning the volume and value of these transactions preclude precise and reliable estimative analysis as to the extent of the revenue generated through midlevel and retail drug transactions.
posted
here's the meat in case you didn't read the link:
Traffickers continue to launder drug profits through traditional depository institutions--banks, savings associations, and credit unions--typically through various structured transactions, including deposits. Depository institutions also are used by traffickers to purchase bank drafts and cashier's checks that can be transferred to any location in or outside the United States. SARs filed by depository institutions increased from 288,343 in 2003 to 381,671 in 2004. From April 1, 1996, to December 31, 2004, approximately half of such SARs were filed in California (24%), New York (11%), Texas (6%), Florida (5%), and Illinois (3%).9
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Substantially more revenue is generated through midlevel and retail drug transactions; however, significant intelligence gaps concerning the volume and value of these transactions preclude precise and reliable estimative analysis as to the extent of the revenue generated through midlevel and retail drug transactions
100's of millions is chump change.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
and just in case you think it's all about shady characters and backroom deals? the big pharma companies and the AMA are taking over the traditional markets of the "illegal cartels"...
Disturbing trends
While most illicit drug abuse, particularly for middle and high school teens, began to slow or actually decline in 2002 after a half a decade increase, abuse of prescription drugs continues to climb:
* Over the past decade-and-a-half, the number of teen and young adult (ages 12 to 25) new abusers of prescription painkillers such as oxycodone (OxyContin) or hydrocodone (Vicodin) has grown five-fold (from 400,000 in the mid-eighties to 2 million in 2000). * New misusers of tranquilizers such as diazepam (Valium) or alprazolam (Xanax, called "zanies" by youth)-medicine normally used to treat anxiety or tension-went up nearly 50 percent in one year (700,000 in 1999 to 1 million in 2000). * More than 17 percent of adults over 60, wittingly or not, abuse prescription drugs. * In 2000, more than 19 million prescriptions for ADHD drugs were filled, a 72 percent increase since 1995. An estimated 3 to 5 percent of school-age children have ADHD. A study of students in Wisconsin and Minnesota showed 34 percent of ADHD youth age 11 to 18 report being approached to sell or trade their medicines, such as Ritalin. * Among 12- to 17-year-olds, girls are more likely than boys to use psychotherapeutic drugs nonmedically.
posted
Are you sure you're a conservative? Conservatives don't see everyone as VICTIMS! Conservatives are for personal responsibility. In addition, I don't run around and harass anyone. I legally evict deadbeats and druggies and then find quality tenants, which, as you saw in the Nuisance Laws I posted earlier, is exactly what the city requires.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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posted
lighten up man, it just seems to me like you are a little "preoccupied" with the dopes using dope.
after all? YOU are the one that tried to say i was accusing your banker of being involved, when i n fact i was saying that there are many many people involved, and many of them present themselves to the world as conservatives...
the poorest of the druggies? i am not defending them. i do see them as victims, but mostly victims of themselves.
and?
you and i and and most people are only one minor car accident away from finding out the horrors of PHYSICAL addiction.
psychological addiction tends to affect many fewer people.
rush limbaugh calls himself a conservative, i bleieve he stayed of the military for a boil on his butt, and then got himself hooked on oxycontin....
of course guys like him can afford the medical treatment to help him get "fixed" but then he makes his money sitting on his fat azz and talking nasty about people ... what a joke.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
well, a conservative has to support the military even tho they've never served.
they have to beleive that human life started 6000 years ago and every one is precious.. unless they are convicted of a serious crime? then they should be executed...
they have to beleive that lower taxes and borrowing money to pay for the govts spending is a good thing..
they have to beleive that too much education is a bad thing..
the list goes on...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Property you as a lot of republicans do make such a point out of supporting the troops.
It is like ou are saying that anybody that questions the war does not support our troops.
Do you not think it is in the country's best interest to question evrything very carefully and make sure that our most sacrared resourse is not given up foolishly and if we were misled that the damage should be stopped as soon as possible?
How many more Viet Nams do we have to have to learn.
At the time of Viet Nam I thought the protestors were bad Americans because they weren't supporting me and my friends. Now I know through hind sight that they were real American hereoes that had our best interest at heart.
They could have been like the gold bricks that stayed home and yelled there support and then hid, but they put themselves in danger to get us home and stop that useless slaughter.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:the problem is that there are no conservatives up in Wash DC..and? there won't be any time soon.
On that we can certainly agree.
quote:Do you not think it is in the country's best interest to question evrything very carefully and make sure that our most sacrared resourse is not given up foolishly and if we were misled that the damage should be stopped as soon as possible?
YES. I think it's absolutely necessary to have both conservatives and liberals and to question everything on both sides.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:so? in the interest of debate/discourse do you sometimes make posts that are a wee bit provocative in order to motivate other people to "chime in"?
They might be provocative, but I always post what I actually believe.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:so? in the interest of debate/discourse do you sometimes make posts that are a wee bit provocative in order to motivate other people to "chime in"?
They might be provocative, but I always post what I actually believe.
i beleive you do.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Propertymanager: I think you're getting close.
Conservatives support the troops. Whether you served in the military or not is irrelevant.
Conservatives don't support murdering unborn babies, but do support executing convicted murderers (that's quite a difference).
Conservatives believe in smaller government and lower taxes - not borrowing money for big government spending.
Conservatives do not believe that too much education is a bad thing.
President Bush is NOT a conservative - not even close.
A liberal supports the troops. And will be pushing the conservatives to remember to support the troops twenty years from now when the psychological effects of being in a war zone debilitates them and put them on disability.
A liberal knows that making a law saying "Thou shalt not be gay" won't stop people from being gay.
A liberal knows that making a law saying "Thou shall not abort" will not stop abortions in America.
THIS liberal doesn't care about murderers...you can deal with them as you choose. (My wife would disagree with me though.)
A liberal knows that conservatives talk a big game about fiscal responsibility...but we haven't seen any from the party in over 20 years. It's been up to us to clean up the mess. (Half of why we've had to raise taxes.)
A liberal also believes education is a good thing. A liberal believes that education goes beyond multiple choice questions and has the audacity to suggest that teachers be paid a middle class wage for their work.
President Bush may not be a conservative now but the conservative base embraced him easily enough 4 years ago. On the other hand President Bush was NEVER a liberal or embraced by the liberal base.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
[QUOTE]Originally posted by The Bigfoot: [QB] [QUOTE]Originally posted by Propertymanager: [qb]
THIS liberal doesn't care about murderers...you can deal with them as you choose. (My wife would disagree with me though.)
How convenient Big....that is one of the issues that I have with Liberals...they don't have solutions...just rhetoric.
A liberal knows that conservatives talk a big game about fiscal responsibility...but we haven't seen any from the party in over 20 years. It's been up to us to clean up the mess. (Half of why we've had to raise taxes.)
You MUST be joking...I haven't seen fiscal responsibility from EITHER side in 40 years...oh and by the way...liberals don't "clean up the mess" by raising taxes...they only add to the mess while raising taxes. (don't even start with the "Clinton balancing the budget" crap).
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
the Clinton admin inherited a "peace dividedend" which can actually be attributed to Richrd Nixon (not Reagan) and they also inherited a "payoff" in the form of cheap oil prices from the Saudis for the first gulf war.
the Operating System windows increased US worker productivity by leaps and bounds during his admin too...
the Clintons are/were not a magic bullet for America. people that look back fondly on their "reign" are not seeing the true reasons for the economic boom. the president can screw up an economy (which Dubya certainly has), but the president doesn't make a good economy...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by retiredat49: [QUOTE]Originally posted by The Bigfoot:
THIS liberal doesn't care about murderers...you can deal with them as you choose. (My wife would disagree with me though.)
How convenient Big....that is one of the issues that I have with Liberals...they don't have solutions...just rhetoric.
What answers are you looking for exactly? I don't care about the death penalty. Personal opinion. My wife hates it. If you are asking about rehabilitation I can point you to two different groups, one religious in nature, one that uses "talking circles and community intervention" as its base line. Both programs have shown to have recidivism rates under 10%. If you are asking for answers regarding rehabilitation I point to those programs as my answer.
quote: A liberal knows that conservatives talk a big game about fiscal responsibility...but we haven't seen any from the party in over 20 years. It's been up to us to clean up the mess. (Half of why we've had to raise taxes.)
You MUST be joking...I haven't seen fiscal responsibility from EITHER side in 40 years...oh and by the way...liberals don't "clean up the mess" by raising taxes...they only add to the mess while raising taxes. (don't even start with the "Clinton balancing the budget" crap).
You are saying Clinton was as fiscally irresponsible as Bushy boy has been? LOL If you really believe that you have been boons-waggled good and thorough.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:Originally posted by retiredat49: [QUOTE]Originally posted by The Bigfoot:
THIS liberal doesn't care about murderers...you can deal with them as you choose. (My wife would disagree with me though.)
How convenient Big....that is one of the issues that I have with Liberals...they don't have solutions...just rhetoric.
What answers are you looking for exactly? I don't care about the death penalty. Personal opinion. My wife hates it. If you are asking about rehabilitation I can point you to two different groups, one religious in nature, one that uses "talking circles and community intervention" as its base line. Both programs have shown to have recidivism rates under 10%. If you are asking for answers regarding rehabilitation I point to those programs as my answer.
quote: A liberal knows that conservatives talk a big game about fiscal responsibility...but we haven't seen any from the party in over 20 years. It's been up to us to clean up the mess. (Half of why we've had to raise taxes.)
You MUST be joking...I haven't seen fiscal responsibility from EITHER side in 40 years...oh and by the way...liberals don't "clean up the mess" by raising taxes...they only add to the mess while raising taxes. (don't even start with the "Clinton balancing the budget" crap).
You are saying Clinton was as fiscally irresponsible as Bushy boy has been? LOL If you really believe that you have been boons-waggled good and thorough.
I made no fiscal comparison between Clinton and Bush exclusively....I simply stated that both parties are fiscally irresponsible and have been for years...and that raising taxes has not solved anything.
If you believe otherwise, then it is YOU that has had the "sheets pulled over your eyes".
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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quote:Originally posted by glassman: big, i can't speak for 49, but i can speak for alot of people of MY age group, which is the last of the baby boomers and below.
we've come to be sick and tired of the Clinton/Newt Gringrich attitudes/games.
Hillary is running against Bush.
she can't win against anybody else.
Bush is over.
let's move on.
PS: Obamma is also one of the last of the baby boomers.
Yeah...you can speak for me gman.
That pretty much sums it up...
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
Ah, but it is the Democrats that have been demonized for tax and spend politics for years when the republicans don't even bother to trying to pay for the even more egregious spending habits they have.
And raising taxes will be necessary at this point to bring down the deficit. There are significant savings that can be had by reducing the inefficiencies that we have allowed into our systems of business and government but it will not be enough to offset the burden we have incurred thanks to 12 years of Bush.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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And raising taxes will be necessary at this point to bring down the deficit. There are significant savings that can be had by reducing the inefficiencies that we have allowed into our systems of business and government but it will not be enough to offset the burden we have incurred thanks to 12 years of Bush.
Raising taxes is the same liberal solution that they have used for years...GUESS WHAT? It doesn't work, never has, never will...lets try something new and innovative like maybe...STOP SPENDING...
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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quote:Originally posted by glassman: big, i can't speak for 49, but i can speak for alot of people of MY age group, which is the last of the baby boomers and below.
we've come to be sick and tired of the Clinton/Newt Gringrich attitudes/games.
Hillary is running against Bush.
she can't win against anybody else.
Bush is over.
let's move on.
PS: Obamma is also one of the last of the baby boomers.
I will be very happy if Obama wins and Hillary loses. I will be alright if Hillary wins. Hell, I'll even be ok if Mccain takes it home though it will leave me with a sour stomach, not so much for the man as for what it represents.
Bush may be over. But the dissatisfaction within the Republican party over McCain shows that a large portion of the Republican base has not learned anything over these last 8 years and if we aren't careful they will continue to ruin this country of ours with reckless abandon as they pursue their personal projects of making sure that gays are discriminated against, vulnerable women are forced into back alleys and out of sight, and proving their manhood with the lives of our young men and women against 2nd world countries who dared to tell the USA to stop blustering in public when our own representatives are deeply involved in the backroom deals that are being defamed.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
But the dissatisfaction within the Republican party over McCain shows that a large portion of the Republican base has not learned anything over these last 8 years
and they never will.
but?
IMO the Clintons do not represent the "good old days"
there is some sort of memory blindpsot there.
for instance?
the youngest boomers in general have been screwed over every step of the way.
they graduated with degrees to find no GOOD jobs available.
they were FORCED to take on avg 10 jobs (or more) in 20 years.
Ten jobs by age 36 - average number of jobs held by baby boomers - Brief Article Monthly Labor Review, Sept, 2002
The average person born in the later years of the baby boom held 9.6 jobs from ages 18 to 36. These younger boomers, persons born from 1957 to 1964 and thus now aged 38 to 45, held 4.4 of those jobs while they were young adults (ages 18 to 22)
the eldest boomers started the dismantling of the American industrial complex because they put their money in other places besides solid profitable companies.
why is GM failing? because they don't build the cars we really NEED. the fact is that the leadership there has been very short-sighted.
we don't make steel here in the US anymore. why? because the eldest boomers dismantled the co's and then claimed we couldn't compete due to eco-laws. that's BULL too... they dismantled them for the pension funds and the cash they could get for the assets.
i'm sick and tired of having the two parties keep pointing fingers at each other.
i don't HEAR Obama doing that.
i heard him say the GOP was the party of new ideas and when he said that? he was being honest with his voters. the Clintons jumped on that like he was some sort of heretic.
nothing is black and white.
the eldest boomers inherited the most wealth ever seen on the planet, and what i see? is them leaving us "youngsters" with a g-damn huge bill to pay for their party.
my dissatisfaction with the status quo is not about liberal or conservative. it's about being responsible for your own actions and the liberal/conservative argument is about BOTH sides blaming the other...
when my kids get into an argument? i send all parties to their rooms and i don't even bother asking why they are arguing.
later? i MAY discuss it with them? but they have learned to work chit out without arguing because they know they all lose if they don't settle it without the yelling and screaming and finger pointing (it's a vast right wing conspiracy? LOL)
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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