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Thread: Senate passes sweeping Wall Street reform

  1. #71
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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by obvious Child View Post
    Not with preferred stock. Unless it's convertible and then you convert which the government has not. True, you could get a board seat by mandating that any loans taken give you a seat, but preferred stock itself does not grant that.
    That is very interesting in that I own preferred stock with voting rights and I did not have to convert to common to vote. Seems you may not be as bright as you try to lead everyone to believe concerning this subject.

    .

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by obvious Child View Post
    lol. Cute. You really have no idea what happened did you?

    Tell me, did the government tell GM how to run its production line?
    Did the government change their vacation rules?

    You have this insane notion that government providing material help = takeover.
    Did Obama get rid of the CEO and put his man in place?

  3. #73
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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by ptif219 View Post
    The Bill gives government control of the economy and banks.
    Says the unsophisticated...

    Seriously. It does nothing of the sort. So, I'm assuming that you picked that up from Beck or Rush?

    Is it imperfect? Yes. But it does NOTHING of the sort that you claim.

    The level of debate in this nation is now officially below the level of decent bumper stickers.

  4. #74
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    Re: Senate passes sweeping Wall Street reform

    Another bill that has more to do with closing tax loopholes that it does anything else.

    Has everyone enjoyed their mortgage interest deduction? I hope so, because you can kiss it good buy.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  5. #75
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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by apdst View Post
    Another bill that has more to do with closing tax loopholes that it does anything else.

    Has everyone enjoyed their mortgage interest deduction? I hope so, because you can kiss it good buy.
    Based upon what? The 2nd amendment will go away before the mortgage interest deduction.....

    ok, wackos, that is a statement of how entrenched the mortgage interest deduction is, not an indictment the 2nd amendment

  6. #76
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    Re: Senate passes sweeping Wall Street reform

    The mortgage interest deduction is the American way!

    apdst's statement, “you can kiss it good buy,” is right. It was a good buy.
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by upsideguy View Post
    Based upon what? The 2nd amendment will go away before the mortgage interest deduction.....

    ok, wackos, that is a statement of how entrenched the mortgage interest deduction is, not an indictment the 2nd amendment
    Believe what you want, I reckon.

    TaxProf Blog: Ax May Fall on Mortgage Interest Deduction
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by FilmFestGuy View Post
    Says the unsophisticated...

    Seriously. It does nothing of the sort. So, I'm assuming that you picked that up from Beck or Rush?

    Is it imperfect? Yes. But it does NOTHING of the sort that you claim.

    The level of debate in this nation is now officially below the level of decent bumper stickers.
    Believe what you wish but why are banks not making payments?

    News Headlines

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by apdst View Post
    We can find experts that will argue all kinds of things, but let's be pragmatic. How would anyone ever get that through congress? Look at the problem we had with heathcare reform where there was a very high acknowledgment that a problem existed and a very large percentage of people that suffered from that problem. Even there it had to be steamrolled through Congress. A majority or extremely high percentage of Americans (that vote Republican and Democrat) benefit greatly from this deduction. There would be NO support amongst the electorate for such a proposition unless it were done in conjuction with a RADICAL (large caps) over haul of the tax code.

    I would say we are far more likely to see a surprise attack by the Canadians than see a serious bid to overturn the mortgage interest deduction inside a progressive income tax code. Even in the extremely unlike event of a water landing (or mortgage interest deduction elimination), they would grandfather existing homeowners.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by ptif219 View Post
    Did Obama get rid of the CEO and put his man in place?
    It is pretty typical for an investor in a workout to fire the old CEO. Why would you keep a guy that ran the Company into the ground?

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