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Thread: SOTU Address:[W: 378; 1310; 1451]

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    They were not only up to their necks in it, they mandated its funding through the GSEs.

    Andrew Cuomo used to head up HUD and in 2000 committed 2 trillion to the buying up of affordable mortgages.

    So, they elected him Governor of NY
    And they are already working on rebuilding the same bubble, as well as expanding it to other lending industries such as education.
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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by j-mac View Post
    And they are already working on rebuilding the
    same bubble, as well as expanding it
    to other lending industries such as education.
    Yep, now CRA compliance has expanded and the DOJ has claimed enforcment rights as Holder continues to do what he did under Janet Reno.

    Fleece the banks

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    Yep, now CRA compliance has expanded and the DOJ has claimed enforcment rights as Holder continues to do what he did under Janet Reno.

    Fleece the banks
    Fleece the banks?

    Maybe they were trying to get some taxpayer money back from the banksters.

    <So what if we told you that, by our calculations, the largest U.S. banks arenít really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?>

    <Small as it might sound, 0.8 percentage point makes a big difference. Multiplied by the total liabilities of the 10 largest U.S. banks by assets, it amounts to a taxpayer subsidy of $83 billion a year. To put the figure in perspective, itís tantamount to the government giving the banks about 3 cents of every tax dollar collected.>

    Why Should Taxpayers Give Big Banks $83 Billion a Year? - Bloomberg
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    Fleece the banks?

    Maybe they were trying to get some taxpayer money back from the banksters.

    <So what if we told you that, by our calculations, the largest U.S. banks arenít really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?>

    <Small as it might sound, 0.8 percentage point makes a big difference. Multiplied by the total liabilities of the 10 largest U.S. banks by assets, it amounts to a taxpayer subsidy of $83 billion a year. To put the figure in perspective, itís tantamount to the government giving the banks about 3 cents of every tax dollar collected.>

    Why Should Taxpayers Give Big Banks $83 Billion a Year? - Bloomberg
    excellent article. thanks!
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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    Fleece the banks?


    Maybe they were trying to get some taxpayer money back from the banksters.

    <So what if we told you that, by our calculations, the largest U.S. banks arenít really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?>

    <Small as it might sound, 0.8 percentage point makes a big difference. Multiplied by the total liabilities of the 10 largest U.S. banks by assets, it amounts to a taxpayer subsidy of $83 billion a year. To put the figure in perspective, itís tantamount to the government giving the banks about 3 cents of every tax dollar collected.>

    Why Should Taxpayers Give Big Banks $83 Billion a Year? - Bloomberg
    Its telling how you guys keep condemning the banks but dont say a word about the GSEs.

    Selective condemnation according to ideology is still a lie.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Adagio View Post
    Know the difference between fact and opinion. It's an insult. That's a fact. The insult to conservatives and their Tea Party brothers came in the video. That's a fact. Your response to that video is a reaction that was expected. That's what it was designed to do. Your response demonstrates that it worked. Fine. That's another fact. It' not an opinion. Your posting in response to it, proves the point. It provoked the expected reaction. Saying that I'm in denial is an opinion but it comes from a defensive posture so that's expected. Accusing me of "denial" begs the question, according to who? Based on what authority? Well there is no authority so the accusation has no basis. An opinion can't be based on itself. That's circular reasoning, and you wouldn't engage in that. So the opinion is biased. You can't demonstrate the opinion as true. So it's not a fact. it's an insult. And that's a fact. The difference here is that the video was a comment on conservatism and it certainly was insulting. It was meant to be. But it wasn't personally directed at you. If you identify with it, then I can understand your feeling bruised. Your insult however, was in FACT...personal.
    Oh shut it. This is what you posted:
    That boat won't float pal. Since when do the Republicans act on any idea by Obama. He proposed a drastic situation that would force both parties to resolve the issue. They both accepted that challenge. They had every opportunity to reject it, but they didn't. Boehner and the Repubs are calling something they all voted for, a danger to our National security, a job killer, and something that will plunge us back into recession. Boehner said he got 98% of what he wanted from the Sequestor plan. It was by design intended for both sides to reach a compromise which the Pubs refuse to do. So now you have the problem of justifying why you voted for something that you knew was terrible and a threat to National Security? Nice work. The game is not checkers. It's Chess.
    Which is a huge sense of denial about both sides being responsible for sequestration. Which I pointed out. It is decidedly NOT personal, its a comment on how you can deny culpability for your fellow political travelers. Both sides are holding the bag on this one.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    Fleece the banks?

    Maybe they were trying to get some taxpayer money back from the banksters.

    <So what if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?>

    <Small as it might sound, 0.8 percentage point makes a big difference. Multiplied by the total liabilities of the 10 largest U.S. banks by assets, it amounts to a taxpayer subsidy of $83 billion a year. To put the figure in perspective, it’s tantamount to the government giving the banks about 3 cents of every tax dollar collected.>

    Why Should Taxpayers Give Big Banks $83 Billion a Year? - Bloomberg
    An implicit subsidy?

    Big banks get better rates, just as all big organizations do. Walmart and Costco are examples of that.

    But it seems the 33-1 ration is far too high. It should be be slowly lowered to 8-1 or so.

    Government is getting too close to big business anyway and the opportunities for corruption have been made clear. Billions, or more, have been wasted in these hand in hand dealings.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    Its telling how you guys keep condemning the banks but dont say a word about the GSEs.

    Selective condemnation according to ideology is still a lie.
    I donít/havenít condemned the banks .but I do think that when they get big enough that there called too big to fail, itís time to chop them up into smaller morsels.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    I donít/havenít condemned the banks .but I do think that when they get big enough that there called too big to fail, itís time to chop them up into smaller morsels.
    The too big to fail nonsense doesn't take into account the Govt mandating of lower underwriting standards.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    Your capitulation is noted.
    If that makes you feel like you're somehow validated...I don't spend time with nonsense and I won't waste time rebutting your laundry list of talking points. Come back when you get over your faux outrage over your own nonsense. You draw your own conclusions and base them on garbage. You hold a baseless ideology which you can't defend because there is nothing underneath it and the public knows that. It's hot air. That's why you lost. It's why you'll continue to lose.
    Extremism: A threat at home, a threat abroad.

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