View Poll Results: Are These Banks The New "WELFARE QUEENS?"

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  • YES

    15 83.33%
  • NO

    2 11.11%
  • The POOR are the "WELFARE QUEENS."

    0 0%
  • BIG ENERGY is the "WELFARE QUEEN."

    9 50.00%
  • BIG PHARMA is the "WELFARE QUEEN."

    9 50.00%
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Thread: "Too Big To Fail" "Welfare Queens"

  1. #1
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    "Too Big To Fail" "Welfare Queens"

    Senator Warren: Why Isn't Wall Street Paying Back Taxpayers For Being 'Too Big To Fail'? | ThinkProgress

    "WARREN: So I understand that we’re all trying to get to the end of “too big to fail.” But my question, Mr. chairman, is until we do, should those biggest financial institutions be repaying the American taxpayer that $83 billion subsidy that they are getting?…It is working like an insurance policy. Ordinary folks pay for homeowners insurance. Ordinary folks pay for car insurance. And these big financial institutions are getting cheaper borrowing to the tune of $83 billion in a single year simply because people believe that the government would step in and bail them out. And I’m just saying, if they are getting it, why shouldn’t they pay for it?"

    Senator Warren: Why Isn't Wall Street Paying Back Taxpayers For Being 'Too Big To Fail'? | ThinkProgress

    Why do we pay this?

    Is there something, or lots of things, we don't know about this?

    Is Warren picking on Bernanke?

    Is this "free money for the rich?

    How can I get some? I'll spend mine locally.

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    Re: "Too Big To Fail" "Welfare Queens"

    They were never going to pay us back. That was the giveaway. Government RUSHED to throw our money at the people who caused the problems. They were figuratively tripping over themselves trying to throw our money at the jerks who acted irresponsibly and drove the system into the ground.

    Then when the banks and wallstreet have theirs, the Republocrats go back to bitching at each other endlessly and doing nothing for the rest of us. That's why the economy to this day stinks, why our unemployment is still unreasonably high. We're not a bank or wallstreet, so government doesn't give a f' about us. So billions of our dollars, probably if you really looked at it you'd see it's in the trillions range, given away and we won't see dime one. And government, they may run their mouth about getting that money back; but they won't actually do it.

    Huzzah Corporate Capitalism!
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: "Too Big To Fail" "Welfare Queens"

    The money we give to welfare leeches, especially cumulatively over the years, is change in the cup compared to the bailout - which was still high, but we have wasted trillions of dollars on people who don't deserve it.

    I can't sympathize for the crack hos and 19 year olds with 3 kids they can't afford.

  4. #4
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    Re: "Too Big To Fail" "Welfare Queens"

    Quote Originally Posted by Ikari View Post
    They were never going to pay us back. That was the giveaway. Government RUSHED to throw our money at the people who caused the problems. They were figuratively tripping over themselves trying to throw our money at the jerks who acted irresponsibly and drove the system into the ground.

    Then when the banks and wallstreet have theirs, the Republocrats go back to bitching at each other endlessly and doing nothing for the rest of us. That's why the economy to this day stinks, why our unemployment is still unreasonably high. We're not a bank or wallstreet, so government doesn't give a f' about us. So billions of our dollars, probably if you really looked at it you'd see it's in the trillions range, given away and we won't see dime one. And government, they may run their mouth about getting that money back; but they won't actually do it.

    Huzzah Corporate Capitalism!
    Really well stated, but what can we do about it? I, personally, feel helpless. If it weren't for the discussion boards, I'd feel completely screwed, but at least here we can inform, educate, whatever and Ol' Don Quixote gets his due. I think all our terrorism is internal and just used to subsidize the greatest Welfare Queen of all, the Military Offense Industry, in all its' many manifestations. Since 9-11, all the terrorists in the Big Media look like they were encouraged, setup, perhaps even, victimized by the FBI. The FBI's specialty seems to be arranging big media events like Meth labs where the FBI supplied the equipment and formulas and organized the bust as the first batch is finished to the tune of maximum TV cameras, or terrorists that some FBI informer encouraged groups by suggesting they could get them bombs, missiles, etc., and again big TV cameras for maximum exposure. Seems like entrapment to me, but what the hell do I know?

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    Re: "Too Big To Fail" "Welfare Queens"

    America has a pay to play system of gov't. We pretend that it is a representative democracy, or democratic republic, akin to that described by the Constitution, yet it is no longer that at all. We now have one president, 535 congress critters and nine robed umpires calling the shots for about 310,000,000 folks. To assert that any particular industry is getting "special" treatment ignores the basic fact that all of them now do. Elected officials, especially at the federal level, require massive campaign funding to get and keep their positions of power.

    Whoever supplies these huge amounts of campaign funds will indeed expect a return on that "investment", one would be insane to expect otherwise. If I paid you $20 to clean my porch, I have every right to expect you to do just that. The same is true of an industry giant, if they give a campaign $2 million, then they fully expect some reurn on that expense. You will never find the letter, memo or transcript of that "deal", but rest assured it is there - often money is given to BOTH candidates, just to be sure in a close race.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: "Too Big To Fail" "Welfare Queens"

    Quote Originally Posted by Gipper View Post
    The money we give to welfare leeches, especially cumulatively over the years, is change in the cup compared to the bailout - which was still high, but we have wasted trillions of dollars on people who don't deserve it.

    I can't sympathize for the crack hos and 19 year olds with 3 kids they can't afford.
    I ain't seen JPMorgan Chase spending any excess monies in my neighborhood.
    My only argument here is that, at least the crack "ho" with the 3 kids spends her money in the local economy to her dealer for Meth and her dealer for baby things. She's good for the local economy and JPMorganChase is not.

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    Re: "Too Big To Fail" "Welfare Queens"

    Quote Originally Posted by DaveFagan View Post
    Really well stated, but what can we do about it? I, personally, feel helpless. If it weren't for the discussion boards, I'd feel completely screwed, but at least here we can inform, educate, whatever and Ol' Don Quixote gets his due. I think all our terrorism is internal and just used to subsidize the greatest Welfare Queen of all, the Military Offense Industry, in all its' many manifestations. Since 9-11, all the terrorists in the Big Media look like they were encouraged, setup, perhaps even, victimized by the FBI. The FBI's specialty seems to be arranging big media events like Meth labs where the FBI supplied the equipment and formulas and organized the bust as the first batch is finished to the tune of maximum TV cameras, or terrorists that some FBI informer encouraged groups by suggesting they could get them bombs, missiles, etc., and again big TV cameras for maximum exposure. Seems like entrapment to me, but what the hell do I know?
    Good points. What we will see very soon is Obama putting it to the common man, making cuts in "essential services" to "prove" that gov't must remain massive or even increase to "provide needed services". We all know that this is BS, yet we are powerless to change it. Taking away $85 billion is chump change at the scale of federal spending, yet "not one dime" (to use Obama speak) will be taken from these perks offered to the rich campaign donors. Did you know that congress spent $90 billion "extra", yep over the budget, in the just first month of this year alone? $30 billion for UI benefit extension and $60 billion for Sandy storm relief. If they had simply said "sorry but we cannot fund anything, unless we must cut air traffic controllers, let prisoners loose, fire border guards and lay off meat inspectors" then debate MIGHT shift to this moronic give away nonsense to campaign donors, but as long as money can be simply borrowed "for needed things" this will continue.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  8. #8
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    Re: "Too Big To Fail" "Welfare Queens"

    Quote Originally Posted by Ikari View Post
    They were never going to pay us back. That was the giveaway. Government RUSHED to throw our money at the people who caused the problems. They were figuratively tripping over themselves trying to throw our money at the jerks who acted irresponsibly and drove the system into the ground.

    Then when the banks and wallstreet have theirs, the Republocrats go back to bitching at each other endlessly and doing nothing for the rest of us. That's why the economy to this day stinks, why our unemployment is still unreasonably high. We're not a bank or wallstreet, so government doesn't give a f' about us. So billions of our dollars, probably if you really looked at it you'd see it's in the trillions range, given away and we won't see dime one. And government, they may run their mouth about getting that money back; but they won't actually do it.

    Huzzah Corporate Capitalism!
    This was cronyism...but not capitalism. Capitalism would have let the banks suffer the national consequences of their irresponsible business practices. And lets be honest...this wasn't the banks...and it wasn't the banks and the fed...it was the banks, the fed, and individuals with their irresponsible borrowing. The housing bubble was created by a lot of factors, but excusing (or ignoring) the role individuals played is just wrong.

    The banks should have been told to correct this problem, adjust their business practices, work with those that already made those horrible loan choices, or go under. They should have pulled all FDIC guarantees. Some banks would have gone under, a lot of investors would have taken it in the ass...but we would have been at least 6 years into recovery by now. As it is...by bailing out the banks and by not letting the housing market correct itself, we STILL haven't seen rock bottom yet.

  9. #9
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    Re: "Too Big To Fail" "Welfare Queens"

    Quote Originally Posted by VanceMack View Post
    This was cronyism...but not capitalism. Capitalism would have let the banks suffer the national consequences of their irresponsible business practices. And lets be honest...this wasn't the banks...and it wasn't the banks and the fed...it was the banks, the fed, and individuals with their irresponsible borrowing. The housing bubble was created by a lot of factors, but excusing (or ignoring) the role individuals played is just wrong.

    The banks should have been told to correct this problem, adjust their business practices, work with those that already made those horrible loan choices, or go under. They should have pulled all FDIC guarantees. Some banks would have gone under, a lot of investors would have taken it in the ass...but we would have been at least 6 years into recovery by now. As it is...by bailing out the banks and by not letting the housing market correct itself, we STILL haven't seen rock bottom yet.
    Cronyism and Corporate Capitalism are pretty much the same thing. Free Market Capitalism would have let these banks suffer the consequences of their actions. But Corporate Capitalism will bail them out at the expense of the People.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  10. #10
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    Re: "Too Big To Fail" "Welfare Queens"

    The WH is funding the banks to inflate the capital markets to make it look there is a recovery when there is not. What you gain from it is homeowners see the value of their homes artificially lifted above what supply and demand would value them at in a free market.

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