350zCommtech's Account Talk

Sort by newest Sort by date
This is Paulson's plan, folks. Ah, the Dems have fallen for it. Holding the bag again. They always have to "show leadership" or "do something", but darn it, they should remember they are being blamed either way so they might as well NOT spend any money on it. The House Republicans get it. This isn't enough to stop what's coming, even Paulson says it'll just slow things down. (long enough for him to leave). Another Trojan Horse to go with Iraq and Fannie, that's three, so what's the fourth one they are going to collect?

Is this a plot by the Republicans to stay in power? Take this wooden Horse, Democrats, because if you don't, the world will end. Hurry up and decide! Boom, too bad, you'd think you learned from last time. Meanwhile, we will save the world from the Democratic plan to save the felons! And forget the big yakking head behind the podium you hear in support of this, he's just a little guy hiding behind a curtain.
 
Last edited:
Silverbird said:
This is Paulson's plan, folks...
Click to expand...

You forgot the Executives my friend - and they are a major part of the plan. Listen - right or wrong - the guys at the top have made far more than we could ever know. I mean these guys are rich beyond our wildest dreams; and so a "collapse" would be extremely hard on them. Imagine going from endless wealth - and a huge never ending supply - TO NOTHING.

So it's majorly important to grant them total AMNESTY along with an enormous supply of money to carry them through the years. Because when all is said and done - they won't be the Executives anymore.

So we're dealing with a world TOTALLY DIFFERENT from what any of us know. And it's ridiculous to expect them to have to leave their empires to the ranks of the common workers.

 
As in The Tale of Two Cities - send them to the Bastille or "let them eat cake". Do we want a revolution to take hold or better still another Detroit or LA riots - that's where we could be headed if this crisis is not controled with certain sensitivities. No matter how it turns out the Democrats are finished. It was the legistation perpetrated in 1999 by the Donkeys' to reduce standards so that more at risk members of our prolific society could have the potential to achieve the American dream of home ownership - there is a hidden agenda operating here. We cannot let them all drown or end up back on public housing. That's what is going on in my opinion.
 
Birchtree said:
As in The Tale of Two Cities - send them to the Bastille or "let them eat cake". Do we want a revolution to take hold or better still another Detroit or LA riots - that's where we could be headed if this crisis is not controled with certain sensitivities. No matter how it turns out the Democrats are finished. It was the legistation perpetrated in 1999 by the Donkeys' to reduce standards so that more at risk members of our prolific society could have the potential to achieve the American dream of home ownership - there is a hidden agenda operating here. We cannot let them all drown or end up back on public housing. That's what is going on in my opinion.
Click to expand...

Sorry Birch, both parties are to blame, as well as the Greenspan Fed. The repeal of the Glass-Steagall (sp?) Act, the relaxation of lending standards to encourage home ownership, and the availability of cheap money after 9/11 by the Fed led to the bubble. The country will get through this, as we have made it through even much-tougher times, but it will take many months, possibly years, and there will be long-term economic consequences for our country.
 
presskh said:
Sorry Birch, both parties are to blame, as well as the Greenspan Fed. The repeal of the Glass-Steagall (sp?) Act, the relaxation of lending standards to encourage home ownership, and the availability of cheap money after 9/11 by the Fed led to the bubble. The country will get through this, as we have made it through even much-tougher times, but it will take many months, possibly years, and there will be long-term economic consequences for our country.
Click to expand...

Good post my friend,
Trust me - you're wasting your time with Birch.

He is like a child that's convinced when the lights go out; THERE IS SOMETHING TO FEAR - IT SHOWS UP AND YOU CAN'T AVOID IT.

So with Birch you have no choice but to leave the lights on.

He's the exact same way the "Dems" and their association with anything bad and the "Reps" with anything good.

You're better off letting in go in one ear and out the other. :confused::nuts:
 
presskh said:
Sorry Birch, both parties are to blame, as well as the Greenspan Fed. The repeal of the Glass-Steagall (sp?) Act, the relaxation of lending standards to encourage home ownership, and the availability of cheap money after 9/11 by the Fed led to the bubble. The country will get through this, as we have made it through even much-tougher times, but it will take many months, possibly years, and there will be long-term economic consequences for our country.
Click to expand...
Freddie Mac was pressured by the Clinton administration to relax its' lending practices in the mid 90's. Bush is on tape in 2001 bringing up concerns about the stability of Freddie Mac and their investments. Greenspan covered his tracts in 2005 by stating the industry was going to cause ramifications felt throughout the globe.

9/11 caused everyone to rethink how they lived their lives. The Fed eased interest rates to keep the economic conditions that could have been disasterous at bay.

The repeal of the Glass-Stegall act in 1999 was a bipartisan effort after the House and Senate finally agreed to one. But it was bipartisan.

We are ultimately to blame for this fiasco, or as Birch puts it, buying opportunity. We need to send a message to the politicians either way, that states clear, ethical and decisive ways to do banking. You take money in, you give money out. But on no uncertain terms, will you give money out to those who can't give you money back. I don't trust my brother to pay me back on a loan, so I don't give him any money. Simple enough?:notrust:
 
Wow Frixxx! BRAVO my friend.

I got to admit - I'd probably have given you a hug for that one (manly of course) with a pat on the back.

Well done !
 
Frixxx.

That was very well stated. Let's see how the debates go tonight - we'll get an opportunity to learn who has the salt.
 
Birchtree said:
Frixxx.

That was very well stated. Let's see how the debates go tonight - we'll get an opportunity to learn who has the salt.
Click to expand...
I'm changing your name to Birch(rock), you always have a way of maintaining your position without wavering. I believe that it will be a tie over all: one candidate will sing to us a lullaby of change, the other will perform a ballad of truths. Have a great weekend!:cool:
 
presskh said:
Sorry Birch, both parties are to blame, as well as the Greenspan Fed. The repeal of the Glass-Steagall (sp?) Act, the relaxation of lending standards to encourage home ownership, and the availability of cheap money after 9/11 by the Fed led to the bubble. The country will get through this, as we have made it through even much-tougher times, but it will take many months, possibly years, and there will be long-term economic consequences for our country.
Click to expand...

Nice post and 100% correct !!!!!!;)
 
Steadygain said:
Good post my friend,
Trust me - you're wasting your time with Birch.

He is like a child that's convinced when the lights go out; THERE IS SOMETHING TO FEAR - IT SHOWS UP AND YOU CAN'T AVOID IT.

So with Birch you have no choice but to leave the lights on.

He's the exact same way the "Dems" and their association with anything bad and the "Reps" with anything good.

You're better off letting in go in one ear and out the other. :confused::nuts:
Click to expand...

Birch reminds me of this song from Toby Kieth:

"I'm a man of my convictions. Call me wrong, call me right. But I bring my better angels to every fight. You may not like where I'm going, but you sure know where I stand. Hate me if you want to, love me if you can."
 
poolman said:
He is definately a MOT... Man Of Truth....

He keeps things straight in my mind...

If a Bill passing could just take till Wednesday, I think I would be all in Tuesday. Nothing that I did wrong, We just need more than 2 IFT'S, ...:sick:



Thanks 350Z... :D
Click to expand...

You're welcome Poolman.

I think you mean Thursday. I can't make an IFT until the first of the month, correct? Which means it would be effective Thursday at the earliest.
 
350zCommTech said:
You're welcome Poolman.

I think you mean Thursday. I can't make an IFT until the first of the month, correct? Which means it would be effective Thursday at the earliest.
Click to expand...


My Bad, You are Correct.. Thanks... That Sux... I don't think the Market's will wait that long.

Thanks 350Z,

Poolman :)
 
You must log in or register to reply here.

Similar threads

tsptalk
December 2024 AutoTracker Winners!
Replies
1
Views
194
nasa1974
nasa1974
tsptalk
November 2024 AutoTracker Winners!
Replies
3
Views
516
tsptalk
tsptalk
tsptalk
October 2024 AutoTracker Winners!
Replies
5
Views
285
nasa1974
nasa1974
tsptalk
2024 Final AutoTracker Winners!
Replies
1
Views
154
nasa1974
nasa1974
TommyIV
  • Article Article
TSP Talk Weekly Wrap Up - Opportunistic Investors
Replies
0
Views
92
TommyIV
TommyIV
Back
Top