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Thread: Elizabeth Warren to Dems: Kill the bill

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by WallStreetVixen View Post
    This bill does nothing to prevent future bailouts.
    My point exactly.
    If anything, the first bailout insures banks that you will always bail them out...
    Again, my point exactly.
    We are now back to Bush-era policies of risky derivatives backed by the federal government.
    Eric Cantor has paid off already as a wise investment for Wall Street .
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    Re: Elizabeth Warren to Dems: Kill the bill

    You don't call risky derivatives backed by the federal government a bailout??
    As we saw in the 2008 meltdown!!
    This used to be a TEAparty issue .

    Quote Originally Posted by washunut View Post
    Can you explain what the wall street giveaway in the bill is? The democratic congressman who sponsered it does not think it is a giveaway.
    Physics is Phun

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by NIMBY View Post
    My point exactly.

    Again, my point exactly.
    We are now back to Bush-era policies of risky derivatives backed by the federal government.
    Eric Cantor has paid off already as a wise investment for Wall Street .
    My instinct tells me that BHO backed this in order to create a terrible political problem for Hillary. If she backs it she may provoke Warren to challenge her. If she condemns it her business backers will be put off.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by polgara View Post
    Greetings, Erik.

    There will be no funding for Common Core, which parents and teachers both dislike, no new money for Obamacare, which the majority of citizens dislike, and we can still buy incandescent light bulbs which is great. Anyone trying to read with the sickly light emitted by the new bulbs should give thanks for that! There are some things I question, like giving millions to the Central American countries that dumped 50,000 of their children on us to babysit, at a cost of hundreds of millions of dollars a year - it seems they should be reimbursing us! - but I'll wait to see what happens. The scary part to me was the $1.1 trillion dollar budget amount! Why are we acting like we have the money to do this? : Doesn't an $18 trillion dollar, and climbing by $10 million dollars a minute, debt bother anybody in DC?
    Greetings, Polgara.

    Yeah, debt to the feds just doesn't seem to matter, where as common sense would seem to indicate that a mount of concern should be warranted.

    While I agree that the CF replacement light bulbs are a sorry excuse for a replacement source of light for incandescent, the real replacement is LED. Lasts for next to forever, uses a fraction of the electricity, which is kinda the point for all this light bulb changing. Downside? Rather than a buck or less, LEDs are around $20 each and don't dim very much when used with a dimmer switch, so you can't replace the light bulbs if you want dim them. Well, at least the properly 'dimmable' will e available a while longer.

    Of the budget legislation that was passed today, I believe the most disconcerting is the additional risk and derivatives the banks can once again dive into, while still being insured by the FDIC, so banks gambling with their money, and get in trouble, and will get bail outs. Geez, haven't we learned anything from 2007 - 2008?

    Look for the past to repeat in the future, once again.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by NIMBY View Post
    My point exactly.

    Again, my point exactly.
    We are now back to Bush-era policies of risky derivatives backed by the federal government.
    Eric Cantor has paid off already as a wise investment for Wall Street .
    I was referring to Section 716 of Dodd frank. The provision that is about to be repealed, doesn't prevent bailouts or risky trading.

    And you never left the 'Bush-era policies of risky derivatives backed by the federal government.' Section 716 only prohibits 5% of swap trading. Depository institutions never made risky trades with deposits anyway. Derivatives were vices of companies like AIG and Bear Sterns, which weren't depository institutions.

    Senator Warren played you, and it really isn't difficult to understand why. Low information voters are very easy to fool.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Fenton View Post
    Sorry Eric....

    Jobs ? Not really. .

    The last Jobs numbers showed there were 150 thousand less full time positions, and the Labor participation rate is at a record low as this administration shrinks the unemployment numbers by shrinking the pool of those that it counts as employed.

    Foodstamp use is up 40 percent and so are poverty rates. Child poverty in some US Cities is 50 percent.

    The Stock market being propped up with unending FED stimulus isn't really a accomplishment.

    Forcing investors out of safe fixed yield investments and into the equities markets and falsely inflating the value of assets just drives up costs on everything from food to Housing.

    The Stock market is absolutely disconnected from the economic conditions we now have to deal with.

    Qe incentivizes speculation, not investment that would lead to real amd substantial Jobs growth.
    Eric? Anyway, stock market shows confidence in economy. If Obama were as bad as some say, it wouldn't be this high. Anyway, what have republicans done to improve the economy? It seem that their main focus has been on obstructing Obama, who's really not as bad as they say, in my opinion.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by ludin View Post
    yea republicans aren't happy because it doesn't contain the immigration stoppage that they are looking for, but they are trying to hold that off till the new congress
    that is why they limit HLD till feb.

    Heya Ludin earlier today when we were talking about this. Right after I left. I heard Jim Jordan and some other Repubs were not going to sign onto this bill.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by fred68 View Post
    Eric? Anyway, stock market shows confidence in economy. If Obama were as bad as some say, it wouldn't be this high. Anyway, what have republicans done to improve the economy? It seem that their main focus has been on obstructing Obama, who's really not as bad as they say, in my opinion.
    The growth in the stock market shows confidence in the stock market, not in the economy. All-time high in milestones and all-time lows in investor net worth shows that investors are confident that they'll make so much in the stock market that they'll be able to pay their margin debts off. Either this, or they simply believe stock prices will rise forever.

    How does this help the average American, who will probably have difficulty purchasing just one share of an S&P stock, that is trading at 27 times earnings?

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    Re: Elizabeth Warren to Dems: Kill the bill

    You're purposely ignoring that this is about the swaps-pushout rule, which is now gone.

    How Wall St. got its way - Dave Clarke and Kate Davidson and Jon Prior - POLITICO

    Quote Originally Posted by WallStreetVixen View Post
    I was referring to Section 716 of Dodd frank. The provision that is about to be repealed, doesn't prevent bailouts or risky trading.

    And you never left the 'Bush-era policies of risky derivatives backed by the federal government.' Section 716 only prohibits 5% of swap trading. Depository institutions never made risky trades with deposits anyway. Derivatives were vices of companies like AIG and Bear Sterns, which weren't depository institutions anyway.

    Senator Warren played you, and it really isn't difficult to understand why. Low information voters are very easy to fool.
    So here you tell me I was played by Sen. Warren and it isn't difficult to understand why.
    As you directly insult me by calling me a low-information voter.

    Is this your normal way of posting ??
    Physics is Phun

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Amadeus View Post
    A true progressive will steamroll any conservative competition coming out of the primaries. You better pray for Clinton, because she's the closest to the right-wing you're going to get in 2016.
    I doubt it very seriously......the Progressives problem. That lil thing called money. That which they lack and always do.

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