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Posts: 7158
Mar 16 12 3:42 PM
SZ wrote:Just a thought, but how much personal debt was wiped out because of the foreclosure on real estate ? I bet it is a $trillion, but not a good thing. Scott
Posts: 1798
Mar 17 12 4:09 PM
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Mar 18 12 8:36 PM
Mar 18 12 8:42 PM
Posts: 9652
Mar 19 12 12:45 AM
Tom Putty wrote: as for "Bush's failed fiscal policies" that people like Schulz-Wasserman, Pelosi, Obama, et al keep blathering away about ... it is TERRIFYING to me that it is the same politicians doing the blaming who were actually the ones who were in control of both Congress & Senate ... terrifying that they were the ones who opened the doors for banks to enter the investment industry (by way of repealing the Glass-Steagall Act of 1933 which was meant to KEEP banks out of the investment banking and intensely speculative markets)
------------------------- "I'm just talkin' here, seems Hockney wants to hear me out, and I know Fenster's down." -McManus to Keaton, Usual Suspects
Mar 19 12 7:51 AM
Mar 19 12 10:49 AM
Mar 19 12 11:30 AM
fensters down wrote: "The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress (1999–2001). It repealed the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. Respective versions of the legislation were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001." I agree with you in general that the politician's shovel similar bullshit*, but it does smell a little different. That act did lay the groundwork for the financial collapse, but it was 100% elephant poo. Clinton deferred to the GOP who controlled the Senate and The House. The GOP knows big business.
"The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress (1999–2001). It repealed the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. Respective versions of the legislation were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001." I agree with you in general that the politician's shovel similar bullshit*, but it does smell a little different. That act did lay the groundwork for the financial collapse, but it was 100% elephant poo. Clinton deferred to the GOP who controlled the Senate and The House. The GOP knows big business.
Posts: 1310
Mar 19 12 11:59 AM
fensters down wrote:I pay too much attention Tom. It's some kind of hat allows you to call them all bullshit, yet makes you attribute an act of Congress called Gramm-Leach-Billey, to Nancy Pelosi and Dems. It's feeding from the same pigsty you lament at length. I did think that Dingell clip was pretty interesting, dude spelled it out pretty close how it went down, and using the exact line, "too big to fail", that's pretty good stuff.
Posts: 2923
Mar 19 12 12:21 PM
Mar 19 12 12:32 PM
Kaif01 wrote:Gramm, Leach and Billey were part of the communist plot to take down America. Stop obfuscating the issue and take off your blinders. That kind of "reading" and "comprehension" are part of the problem.
Mar 19 12 3:23 PM
Tom Putty wrote:PS: the so-called "Right wingers" today -- as a whole -- are not BLAMING Obama for gas prices. They are simply calling out the insane hypocrisy of Obama and Pelosi and others who DID openly and repeatedly blame Bush for the same things, yet refuse to address the realities of the situation today. They're basically saying, "Whoa now! You blamed Bush when prices were high, where's your same sense of responsibility now?" You guys are buying the media bullshit that people are actually blaming Obama. Find new sources of news, guys ... it's way too obvious that you're feeding at the pig trough of the media outlets owned by Soros and the gang.
Posts: 11562
Mar 19 12 3:36 PM
I received this in an e-mail. Is it true?
Today even though President Obama is against off shore drilling for oil for this country. He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA. The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil".
FULL ANSWER
This claim stems from a "preliminary committment" made back on April 14 by the board of directors of the Export-Import Bank of the United States. The bank intends to loan up to $2 billion to finance exports to the Brazilian oil company Petróleo Brasileiro S.A., known as Petrobras, over the next several years.
The e-mail is false on two counts.
Mar 19 12 3:44 PM
Mar 19 12 9:51 PM
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Mar 20 12 11:10 AM
Posts: 13132
Mar 20 12 12:36 PM
Local user
"Let my people go !"
Mar 20 12 2:18 PM
Don Z wrote:... do you consider FactCheck and Snopes to be commie?
Mar 20 12 3:08 PM
Tom Putty wrote:...they were the ones who opened the doors for banks to enter the investment industry (by way of repealing the Glass-Steagall Act of 1933
Tom Putty wrote:all you fuckers seem to do is play this retarded game of pointing the finger and saying, "But look at what *they* did!!!!"Shocking revelation: you were supposed to grow out of that during puberty, guys.
Mar 20 12 3:29 PM