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OK, I'll stop spamming Palin on the board for just a little bit. Here's a change of pace. This (10 min) clip came was posted to local radio guy's blog. Thoughts anyone??
kool vid. cactusbeats. I haven't been paying much attention to the US election campaigns, but that is a pretty convincing argument against Obama. I was aware beforehand about Obama's links to corrruption the likes of the black entertainment and media giants that censored Chapelle, but i was never aware of this retarded Fannie Mae and Freddie Mac business!!! thats rediculous!
kool vid. cactusbeats. I haven't been paying much attention to the US election campaigns, but that is a pretty convincing argument against Obama. I was aware beforehand about Obama's links to corrruption the likes of the black entertainment and media giants that censored Chapelle, but i was never aware of this retarded Fannie Mae and Freddie Mac business!!! thats rediculous!
The Democrats may well be somewhat responsible for the economic crisis. Then again, they might not be. Either way, this video can't be used as any basis for argument because one can't take any piece of so-called "evidence" presented as fact when other videos by the same author are full of misleading spin and baiting. Don't fall for it.
there is a general rule of thumb in the financial sector regarding administrations .... you never feel thier impact until roughly 5-8 years after tehy are implemented. i.e. clinton inheriting reaganomics, bush inheriting clintons, and obama inheriting bush2.
the biggest issue spoken of when analyzing this, enron, and tech bubble, is the fact that congress in 1993 and 95 tried to pass a sweeping accounting bill in regards to the transparency and tracking of the SEC and commoditied markets. it was vetoed twice under the auspice of it would favor the big 5 accounbting firms.well, we let them go and refused to act on the SEC reporting, and look what happened. arthur anderson, enron, stocks dying when people suddenly realized that most websites listed on the exchange dont actualy have income. normally, it takes about 2-3 years for any bill regulating the markets to be implemented, take hold, and adjusted for the trickery that they create. then the intial result begin to take hold and results start to show. once the change goes into effect, then the market itself finds ways to either go with it, or to get around it. (think hedge funds & R&D costs onthe balance sheets.) for a long time, we allowed these companies to say they had monster cash assests, when in fact most of it was from common stock values, which as you know, flucuate hourly. this is also why companies like pratt and whitney , boeing, IBM, the energy sector, united tech, GM's holdings outside the auto industry (maytag, etc) 3M, all have long term stability and growth, as finance understands the overwhelming majority of thier value lies in long term stocks, and the ability to withstand market issues.
a HUGE HOWEVER, is bush's inability and refusal to ask questions when certain stocks had heavy flucuations after 9/11.
one huge note i tend to mention lately is that those bills from the 90's would have clearly been a huge double check for banking acrtivities. and both GW AND BC let it go. greenspan should have noted this, but either didnt care, or was riding the wave of succes and not asking why we suddenly had so much success at a level not seen since post ww2.
our goverments over the last 15-18 years, were so enamored with the tidal wave of money, they were touting it, instead of checking it.
your life is an occasion, rise to it.
Join My Chant. new mix. april 09. dirty fuck house.
download that. deep shit listed there
Just wanted to clarify that this vid is not something I agree with. I see it as the right's weak argument to try and disavow itself from responsibility of deregulated markets (securitization, etc.). I got it from the blog of a local uber-conservative talk radio guy named Charlie Sykes. It's amazing that these guys can convince themselves that this is the sole cause of the market meltdown. There is a grain of truth to it perhaps, but I certainly don't see mortgage access laws as being the primary cause of this crisis. Irresponsible lending, yes, but no one had a gun to these banks' heads saying they had to make the loans. Systemic greed really seems to be the primary cause as I see it. There is plenty of blame to go around for both parties.
I do like to pay attention to viewpoints I don't necessarily agree with. Sometimes, I am very surprised how much credence these things get. Guess it comes down to the fact that no one wants to take responsibility for this mess. Blame it on the taxpayer and make him/her pay for it.
I like your Christ.
I do not like your Christians.
Your Christians are so unlike your Christ. Mahatma Gandhi
the single bihhest factor in this whole mess is plain and simple: market over reaction, from traders, to ordinary people. if we simply kept buying the stocks at a standard price, we would have kept thier pockets full to the degree that they could easily absorb the losses. keep in mind that the ARM defaults amount for less than 1/2% of the mortgages in the conutry.
what the general public and media do not understand, is that if you stay out of wall streets way, it will grow and trim its fat as necessary. this bitch has us all upside down.
your life is an occasion, rise to it.
Join My Chant. new mix. april 09. dirty fuck house.
download that. deep shit listed there
there is a general rule of thumb in the financial sector regarding administrations .... you never feel thier impact until roughly 5-8 years after tehy are implemented. i.e. clinton inheriting reaganomics, bush inheriting clintons, and obama inheriting bush2.
the biggest issue spoken of when analyzing this, enron, and tech bubble, is the fact that congress in 1993 and 95 tried to pass a sweeping accounting bill in regards to the transparency and tracking of the SEC and commoditied markets. it was vetoed twice under the auspice of it would favor the big 5 accounbting firms.well, we let them go and refused to act on the SEC reporting, and look what happened. arthur anderson, enron, stocks dying when people suddenly realized that most websites listed on the exchange dont actualy have income. normally, it takes about 2-3 years for any bill regulating the markets to be implemented, take hold, and adjusted for the trickery that they create. then the intial result begin to take hold and results start to show. once the change goes into effect, then the market itself finds ways to either go with it, or to get around it. (think hedge funds & R&D costs onthe balance sheets.) for a long time, we allowed these companies to say they had monster cash assests, when in fact most of it was from common stock values, which as you know, flucuate hourly. this is also why companies like pratt and whitney , boeing, IBM, the energy sector, united tech, GM's holdings outside the auto industry (maytag, etc) 3M, all have long term stability and growth, as finance understands the overwhelming majority of thier value lies in long term stocks, and the ability to withstand market issues.
a HUGE HOWEVER, is bush's inability and refusal to ask questions when certain stocks had heavy flucuations after 9/11.
one huge note i tend to mention lately is that those bills from the 90's would have clearly been a huge double check for banking acrtivities. and both GW AND BC let it go. greenspan should have noted this, but either didnt care, or was riding the wave of succes and not asking why we suddenly had so much success at a level not seen since post ww2.
our goverments over the last 15-18 years, were so enamored with the tidal wave of money, they were touting it, instead of checking it.
Personally i think the whole thing is just utter bullshit. complete and utter nonsense to get good people like everyone who has posted here to spend their own precious time worrying about this shit instead of other more important events that are going on in the world.
All this video does is further highlight yet more of the deceit and golden handshakes that go on in todays world at the higher end of the power spectrum..
i use to work for a UK government department that dealt with tax, and became so pissed off and disillusioned watching myself and fellow workers try to get their heads round nonsensical rules and laws where the underlying governent stance is 'we will tax you on it'. They come up with all this pish to try explain why you should pay tax, but in the end its all utter shite.........we will tax you, give us your hard earned cash, if you dont, we will jail you.
All this current economic bullshit is doing is further separating the divide between the rich and the poor, and with each passing day it widens deeper and deeper and is quite possibly never gona be over turned.
Personally i think the whole thing is just utter bullshit. complete and utter nonsense to get good people like everyone who has posted here to spend their own precious time worrying about this shit instead of other more important events that are going on in the world.
hi, reality here. this IS the most important thing going on now. not wars, not elections. this. money makes the world go round, and in the end, is the one motivating factor outside fo pussy to do anything.
if the markets began to tank and a meltdown occured, watch the fuck out, because a war like we havent seen will break out. we all tend to forget the most important group of people outside those in NYC, the asians. what do you think china and the region would do if a depression sank in again? we overlook them because they keep to themselves and havge been stable in every aspect since ww2.
and the divide between rich and poor, it SHOULD BE THERE. those who work for it, earn it. the poor arent poor b/c ppl keep em down as people like to say, they are poor becuase no one wants to step the fuck up and do something aobut it. some of them do, and prove why it exists. go ask some socialist touting idiot if you can have a few thousand dollars of thier paycheck on a weekly basis, you know damn well what the response will be. this is one issue driving me up a wall. study, work extra hours, make the right choices, have some manners and work to do the right thing instead of expecting the world to give you shit because you're too lazy to work a second job.
your life is an occasion, rise to it.
Join My Chant. new mix. april 09. dirty fuck house.
download that. deep shit listed there
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