posted
At least the protestors love APPLE....and Steve Jobs...he only made himself a billionare and created 500 thousand jobs...unforunatly they are in China. Go protestors!!!!!!!!!!
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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quote:Originally posted by CashCowMoo: The crook? Nah. My kind of thinking? Hell Jordan the country is going to crap and you just watch it happening on TV like its good news or something just because its all liberal right now.
Cash...here's a clue to what's happening
this country has been going to crap for quite some time now...and the scum that put this country in the crapper are the scum that the protesters are protesting...
does that clear it up for you?
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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 CashCowMoo: The crook? Nah. My kind of thinking? Hell Jordan the country is going to crap and you just watch it happening on TV like its good news or something just because its all liberal right now.
Cash...here's a clue to what's happening
this country has been going to crap for quite some time now...and the scum that put this country in the crapper are the scum that the protesters are protesting...
does that clear it up for you?
i couldn't beleive it back early '09 when politicians actually started blaming fannie and freddie and the people who borrowed more than they could afford. When people borrow more than they can afford? They are being unrealistic, but hey are also being Optimistic even tho it is a bad idea. The lenders are the ones who are supposed to balance that optimism, and show responsibility.
fannie and freddie came under heavy criticsim BY SHAREHOLDERS just a couple years before for not performing up to countrywide's levels...
as to people borrowing more than they could afford? we bought a hoouse in '05. it seemed like everybody we know was asking us why we bought such a "cheap" house... friends and family both. That's not to mention the pressures of the professionals we dealt with -realtors mortgage brokers. etc.....
our culture had literally become flip this house--
the signs were all there, the avg. household income had been flat for ten years, and th ecost of a home had gone from about 165K$ to 225K$ in the same time frame...
it was clearly unsustainable.
another fact- the cost of college... back in 83? i took fulltime classes at univ. of MD for 675$ per semester in state. We didn't have to take a student loan, we just got a job at night and went to school....
now you have to take out a MORTGAGE to get a college degree and there's no jobs wating anyway..
the underlying factor is loose lending.
even in the Bible loose lending is critisized. loose lending in the markets is how they become so vulnerable. I became concerned whne people started telling me they had twenty to one margin in their accounts. I thought everybody knew better.
the banks that had to be bailed out? i understand now that some of them had 40 to one and more out...
now we know that the real cause of the collpase was bad lending practices. you cannot blame borrowers because they are under peer pressure and social pressure created by the lending community.
-------------------- 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 CashCowMoo: The crook? Nah. My kind of thinking? Hell Jordan the country is going to crap and you just watch it happening on TV like its good news or something just because its all liberal right now.
Cash...here's a clue to what's happening
this country has been going to crap for quite some time now...and the scum that put this country in the crapper are the scum that the protesters are protesting...
does that clear it up for you?
Then they should be in front of the halls of congress and not trashing public parks so badly that there are now sanitation issues...having sex in public, drugs in public, anti semetic comments...yeap.
Im not saying they dont have a point, but its getting out of hand. the communist party is now involved, I mean seriously....the Tea Party was waving flags, and these kids are stomping on it after setting it on fire. Some people on this board dont see a problem with defacing our great flag...but it strikes a nerve with me.
Posts: 6949 | Registered: Apr 2004
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posted
Then they should be in front of the halls of congress and not trashing public parks so badly that there are now sanitation issues...having sex in public, drugs in public, anti semetic comments...yeap.
cash -cash -cash you've been here for how long? didn't they sell you that diamond mine stock way back in the beginning? When are you going to wise up?
Wall St OWNS YOUR Govt lock stock and barrel. why do you think Bill Clinton left the WH in 2000 with a million and more in legal fees broke and when his wife ran for pres. 8 years later the couple has in excess of 100 million dollars? Why do you think their daughter Chelsea got hired at Wall St?
Avenue Capital Group is a global investment firm focusing on distressed securities[2] and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equity firm and as a hedge fund. Avenue’s core strategy is focused on distressed debt and equity securities although the firm also manages investment funds that focus on long-short opportunities, real estate, and collateralized debt obligations. The firm manages assets valued at approximately $20 billion[1]. The firm was founded by former professionals of Amroc Investments, an affiliate of the Robert M. Bass Group.
The firm is headquartered in New York City, with offices in London, Luxembourg, Munich, and in cities throughout Asia. Avenue has approximately 350 employees across its 13 offices worldwide.
In the fall of 2006, Chelsea Clinton, daughter of former president Bill Clinton, joined the firm shortly after leaving McKinsey & Company, a management consultancy. However, she has since left the firm and returned to graduate school.
Bloomberg reported that as of Feb. 28, 2010, Avenue Capital Group is the 13th largest hedge fund in the world. [3]
these people regardless of how dirty, amoral or even immoral they are are right at the source of the problem. Life is messy, those of us with children and mortgages and other responsibility don't have the time to hang out in the park for as long as it takes...
these people do, for whatever reason, they just don't have the obligations taht those of us who really do know what happened do, but be sure of one thing, they are right at the source of the problem.
Wall ST was leveraged at 40 to one, they could not afford a 3% loss in their portfolios and they saw much more loss than that. ALL of the investment banks folded cash- Why is it that the "best and brightest" of the country and even the world were so stupid? They look all clean cut and tidy with their thousand dollar shoes and purses, they "know all the right people" and they went to teh best schools. Those are YOUR role models? You can have them. They are nothing more than stuffed suits.
WE had to bail them out cash.. We are going to pay for that bailout for along time to come, and it was not an option to let them fail. WE had to have food on the grocery store shelves. It would have disapeared if we hadn't, and then bullets would have been worth double their weight in gold. We have avoided that so far, but we are not far from that even now. Very few people have any clue (or even care) how their food gets to the grocery store shelf. It's one loan after another that gets it there. Maybe a dozen in a long chain. The farmer, the seed producer, the (3 differnt) truckers, the packers, the three or four traders who buy it and sell it before it is even off the fields? All of that was and still is in deep jeopardy, and it's not getting fixed. Thats why those people are there, this cannot be fixed by laws, esp if the TParty has their way and we get Govt to shrink... sheesh what a mess
-------------------- 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 CashCowMoo: The crook? Nah. My kind of thinking? Hell Jordan the country is going to crap and you just watch it happening on TV like its good news or something just because its all liberal right now.
Cash...here's a clue to what's happening
this country has been going to crap for quite some time now...and the scum that put this country in the crapper are the scum that the protesters are protesting...
does that clear it up for you?
Then they should be in front of the halls of congress and not trashing public parks so badly that there are now sanitation issues...having sex in public, drugs in public, anti semetic comments...yeap.
Im not saying they dont have a point, but its getting out of hand. the communist party is now involved, I mean seriously....the Tea Party was waving flags, and these kids are stomping on it after setting it on fire. Some people on this board dont see a problem with defacing our great flag...but it strikes a nerve with me.
Ya know....I recall you getting all bent outta shape when people called the Tea Party....Tea Baggers. Yet...here you are calling the Wall Street protestors "Flea Baggers". You are a hypocritical idiot. What is wrong with you? Really...what is your major malfunction. Because you are obviously not normal and have some serious mental issues. What's the deal?!?!?!
PS: Name one person on this board who said it was fine to de-face the American flag. Bet you can't. You're lying sack of crap. Get a life fool.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
what i can't figger out is how nobody has put these traders in jail. These "plays" are what tumbled the carefully built house of cards:
When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive Thomas Kivisto. Its short positions amounted to the equivalent of 20% of the nation's crude oil inventories. With the credit crunch eliminating any hope of meeting a $500 million margin call, Semgroup filed for bankruptcy on July 22.
this was the exact trigger. Sem group tried to borrow money to cover their margin call on thier oil short at about 120$. The short was a smart play because 80$ was what a barrel of oil was really worth, and the trade price was already 50% over that. But instead of loaning them the money to keep the trade "open" and wait for the short? It looks like Citi, merryl Lynch and Goldman (who had orifginally been a backer of semgroup) all went long on oil JUST to break this company.... They got a good look at SemGroups finacnials (as is customary when you borrow money) when Semgroup asked for the loan, and then went to the trading floor and broke them....
so oil went form a price of 120 that was already too high to 147 on Jul 11 2008.....
that was a ridiculous price that was not based on any fundamentls....
that was what triggered the Fed to raise interest rates and that triggered the subprime collapse...
of course everything had to be "perfect" for teh overal collpase, and it was, but the trigger was simply a crooked trade to BK Semgroup....
the stoooopidest part of all this is these people did this to themselves. you talk about cutting off your own nose to spite your face?
so when i hear people complaining about the por people int h park i have to just laugh at how silly and inane that complaint is. The "richest, best and brightest" shot their own selves in their own asses,a nd collapsed the Capitalist system in the bargain
-------------------- 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
Has anyone here actually attended one of these protests? Rest assured that if they come to my town I'll be there. For all the right reasons too.....to see if just like in my youth, a rally is still the best possible place to both get laid and score a dime bag of Columbian gold.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Has anyone here actually attended one of these protests? Rest assured that if they come to my town I'll be there. For all the right reasons too.....to see if just like in my youth, a rally is still the best possible place to both get laid and score a dime bag of Columbian gold.
now, that made my day!
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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posted
i don't think they sell that columbian paraquat pot anymore up... it's called "chronic" now.. and you don't have to go to one of those hippie protests from what i can see? you can go right to the source- it's all these rednecks here in the South that have a few plots each growing... they are hanging it all out to dry right now before the woods and feilds are full of the deer hunters...
-------------------- 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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"I don't think they sell that columbian paraquat pot anymore up... it's called "chronic" now.. and you don't have to go to one of those hippie protests from what i can see? you can go right to the source- it's all these rednecks here in the South that have a few plots each growing... they are hanging it all out to dry right now before the woods and feilds are full of the deer hunters." _________________________________________________
You beat me to that answer or lets say a similiar one.
I think what Upside said is what you do before you go to the protest... just kidding
The thing here that is apparent is that the majority posting on this board seem to agree that we are in trouble and that there is nothing wrong with these protests.
As straight laced as we all are and from different walks of life it's rather interesting that we are similiar in our thoughts.
Makes you wonder how many people think the same in our country about our real situation.
quote:Originally posted by glassman: i don't think they sell that columbian paraquat pot anymore up... it's called "chronic" now.. and you don't have to go to one of those hippie protests from what i can see? you can go right to the source- it's all these rednecks here in the South that have a few plots each growing... they are hanging it all out to dry right now before the woods and feilds are full of the deer hunters...
The scene has changed. Now that California and Colorado have legalized medical marijuana its being shipped out all over the place to other states with no medical laws. As suspected, the system has already fallen to abuse. Not saying that pot is some real bad thing. Alcohol causes so many more problems and decay such as drunk driving deaths, domestic violence, gambling problems, etc etc.
Pot just makes people lazy, and unmotivated. No big deal, plus it feels good and can make a movie or a football game that much more enjoyable.
Posts: 6949 | Registered: Apr 2004
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quote:Originally posted by Upside: Has anyone here actually attended one of these protests? Rest assured that if they come to my town I'll be there. For all the right reasons too.....to see if just like in my youth, a rally is still the best possible place to both get laid and score a dime bag of Columbian gold.
posted
the tennessee, mississippi and alabama boys are all ticked of that they have to compete with the westrn states now.... these guys here in the south are serious and they ain't hippies....
considering how much pot costs today? i don't think too many people with no jobs smoke it or are lazy.
in my experience the glass pipe makers that i have known were not lazy at all, and they always had the best. It's always annoyed me that people are willing to pay 200$ for a poorly made glass pipe, but 200$ is too much for twisted cane bottle that only a handful of people in the world can make.
It is long past time that we legalise the stuff and tax it.
I propose we start with a plant tax. Any plant over one foot or 18 inches or budding and not tagged is a 1000$ fine (assuming ownership can be proven) and destroyed on the spot. Tags cost 100$ limit ten or twenty per person per year, but can be bought and sold on an open exchange... Therefore, somebody who wants to grow seriously can buy tags from people who are willing to buy them. I bet we would sell 100 million worth of tags in the first month....
100 bucks is cheap, and when the plant is harvested? a new tag is needed... heck i bet 500$ could work, but you want it to be reasonable so that compliance is simpler than enforcemnt. Part of th eoverall strategy needs to be to reduce pot enforcemetn costs so that more dangerous drugs can get better attntion. Jial costs would drop. Anybody in jail for non-violent pot charges should be released immediately. (instead of rapists )
-------------------- 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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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by glassman: i don't think they sell that columbian paraquat pot anymore up... it's called "chronic" now.. and you don't have to go to one of those hippie protests from what i can see? you can go right to the source- it's all these rednecks here in the South that have a few plots each growing... they are hanging it all out to dry right now before the woods and feilds are full of the deer hunters...
So I guess a 5 dollar Thai stick is out of the question too nowadays?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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A Congressman/woman collects a salary while in office and receives no pay when they're out of office.
2. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
3. Congress can purchase their own retirement plan, just as all Americans do.
4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
5. Congress loses their current health care system and participates in the same health care system as the American people.
6. Congress must equally abide by all laws they impose on the American people.
7. All contracts with past and present Congressmen/women are void effective 1/1/12. The American people did not make this contract with Congressmen/women.
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
Not to throw stones cause some of the ideas in there have merit but you got that from an email/ social networking chain that is incorrectly attributing its creation to Warren Buffet.
A few glaring errors.
#1. There is no such thing as tenure for elected officials. The people vote em back in.
#1B. Congress-peoples vacations are pretty sweet. But when they aren't on vacation and especially when they are running for office M-F along with Sat and Sun aren't. I'm not saying there isn't a point here but remember that being an elected official is not a 9-5 job.
#2. Congress men and women (and Senators) do pay into social security. They have since 1984. This idea that they don't is false.
#2B. You have an individual retirement plan that your company set up for you I would wager. Would you be okay with it being transferred 100% over into social security? There is room for 'adjustment' om this issue I believe but tossing it all into social security is not gonna happen/ shouldn't happen.
#3. Same point as 2B. I have my own retirement account with my own money as well as my employer sponsored one that has a match. No one turns down free money. Why ask of others what you are unwilling to give up yourself?
#4. I like this idea or something similar to it. Congress should not be able to vote on their own raises.
#5. Congress has a great health plan. So does most anybody else who makes a strong six figure salary. I would agree that Congress does not need help with healthcare but I also do not see it as a major expense/savings...it is really just more of an ideological talking point.
#6. Congress people are already equally liable to the laws that they impose. It is the enforcement or the perception of enforcement that is not equal. No amount of talk or written laws is going to change that by itself. (cough cough...watchdog... cough cough...regulations...cough...ahem! excuse me.)
#7. What contracts? There are no (valid) contracts with our congressmen and women save the power granted to them by the constitution and subsequent documents. What contracts is this chain letter referring to I wonder?
-------------------- 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 The Bigfoot: Not to throw stones cause some of the ideas in there have merit but you got that from an email/ social networking chain that is incorrectly attributing its creation to Warren Buffet.
A few glaring errors.
#1. There is no such thing as tenure for elected officials. The people vote em back in.
#1B. Congress-peoples vacations are pretty sweet. But when they aren't on vacation and especially when they are running for office M-F along with Sat and Sun aren't. I'm not saying there isn't a point here but remember that being an elected official is not a 9-5 job.
#2. Congress men and women (and Senators) do pay into social security. They have since 1984. This idea that they don't is false.
#2B. You have an individual retirement plan that your company set up for you I would wager. Would you be okay with it being transferred 100% over into social security? There is room for 'adjustment' om this issue I believe but tossing it all into social security is not gonna happen/ shouldn't happen.
#3. Same point as 2B. I have my own retirement account with my own money as well as my employer sponsored one that has a match. No one turns down free money. Why ask of others what you are unwilling to give up yourself?
#4. I like this idea or something similar to it. Congress should not be able to vote on their own raises.
#5. Congress has a great health plan. So does most anybody else who makes a strong six figure salary. I would agree that Congress does not need help with healthcare but I also do not see it as a major expense/savings...it is really just more of an ideological talking point.
#6. Congress people are already equally liable to the laws that they impose. It is the enforcement or the perception of enforcement that is not equal. No amount of talk or written laws is going to change that by itself. (cough cough...watchdog... cough cough...regulations...cough...ahem! excuse me.)
#7. What contracts? There are no (valid) contracts with our congressmen and women save the power granted to them by the constitution and subsequent documents. What contracts is this chain letter referring to I wonder?
maybe you could re-write it? Then we'll pass thaT around :-)
#1B. Congress-peoples vacations are pretty sweet. But when they aren't on vacation and especially when they are running for office M-F along with Sat and Sun aren't. I'm not saying there isn't a point here but remember that being an elected official is not a 9-5 job.
#2B. You have an individual retirement plan that your company set up for you I would wager. Would you be okay with it being transferred 100% over into social security? There is room for 'adjustment' om this issue I believe but tossing it all into social security is not gonna happen/ shouldn't happen.
#3. Same point as 2B. I have my own retirement account with my own money as well as my employer sponsored one that has a match. No one turns down free money. Why ask of others what you are unwilling to give up yourself?
#5. Congress has a great health plan. So does most anybody else who makes a strong six figure salary. I would agree that Congress does not need help with healthcare but I also do not see it as a major expense/savings...it is really just more of an ideological talking point.
#6. Congress people are already equally liable to the laws that they impose. It is the enforcement or the perception of enforcement that is not equal. No amount of talk or written laws is going to change that by itself. (cough cough...watchdog... cough cough...regulations...cough...ahem! excuse me.)
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#1B. There is work and there is work are you sure they are working when they are past 5?
#2B. Anything tossed into social security would help especially since i don't see them keeping their fingers out of the money that was not intended for them to use. As far as any of this happening i surely would not hold my breath.
#3.Unfortunately that so called free money comes from you know who, some who are living on the streets now.
#5. Maybe we should pay them what there worth based on job performance, i don't think you would see a lot of six figures if that were the case, let me decide i'm fair
quote:Originally posted by The Bigfoot: Not to throw stones cause some of the ideas in there have merit but you got that from an email/ social networking chain that is incorrectly attributing its creation to Warren Buffet.
A few glaring errors.
#1. There is no such thing as tenure for elected officials. The people vote em back in.
#1B. Congress-peoples vacations are pretty sweet. But when they aren't on vacation and especially when they are running for office M-F along with Sat and Sun aren't. I'm not saying there isn't a point here but remember that being an elected official is not a 9-5 job.
#2. Congress men and women (and Senators) do pay into social security. They have since 1984. This idea that they don't is false.
#2B. You have an individual retirement plan that your company set up for you I would wager. Would you be okay with it being transferred 100% over into social security? There is room for 'adjustment' om this issue I believe but tossing it all into social security is not gonna happen/ shouldn't happen.
#3. Same point as 2B. I have my own retirement account with my own money as well as my employer sponsored one that has a match. No one turns down free money. Why ask of others what you are unwilling to give up yourself?
#4. I like this idea or something similar to it. Congress should not be able to vote on their own raises.
#5. Congress has a great health plan. So does most anybody else who makes a strong six figure salary. I would agree that Congress does not need help with healthcare but I also do not see it as a major expense/savings...it is really just more of an ideological talking point.
#6. Congress people are already equally liable to the laws that they impose. It is the enforcement or the perception of enforcement that is not equal. No amount of talk or written laws is going to change that by itself. (cough cough...watchdog... cough cough...regulations...cough...ahem! excuse me.)
#7. What contracts? There are no (valid) contracts with our congressmen and women save the power granted to them by the constitution and subsequent documents. What contracts is this chain letter referring to I wonder?
#1. OK Term limits then...2 terms max and we as their employers set their wages based on performance... Pensions - ZERO
#2 & #3. I, along with most Americans have never received any "free money" from my employer towards retirement and neither should congress
#4. See #1
#5. You don't see health care as a major expense??? You are joking right? I challenge you to get a few quotes on healthcare coverage for your family.
#6. Demand that congress be held accountable for any laws that they break
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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 buckstalker: One more...
Pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.
Not sure about the math, but I LOVE the principle.
yep, that's a good friggin idear...
the problem is that if we hold a Constitutioanl Convention? i don't trust what all would come out of it.... i think there's alot of people out there today who just don't think.
-------------------- 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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