Reaction to the country going down the tubes.
Posted on 09/28/2008 10:58:56 AM PDT by pabianice
Now on Fox: Pelosi twisting arms to get Repubs on board bailout bill; much push-back. Pelosi will not let this pass without Repubs on board in case it blows-up and Repubs can pin it on Dems. Race to complete before Asian markets open. The Adventure Continues...
My senators are durbin and obama, alas.
Polls are meaningless. They’re all quantified research aimed at specific groups with questions that are written in such a way that produces desired answers.
Don’t do it, Republicans! Don’t go along with this crap. Hold their damn feet to the fire!
Thanks. And I agree that wall street incentives are huge problem in the way they are set up. How did we get so many things wrong.
If John McCain is a “traitorous Rhino globalist bastard”, what do you have to say about Sarah Palin? Is she one too? If not, think of what you are writing!
McCain has been their arch-nemesis historically. What makes you think that has changed?
Your post is so packed with wisdom and clear insight, I felt I was listening to Neal Cavuto in a private conversation!
The poster has an agenda driving the drivel. Best to ignore a fool before folks think you’re comfortable on that level with him.
Honestly, I don’t think it was the fault of the public at large. The shareholders of the financial services companies, to whom the managers owed fiduciary duties, allowed these things to happen. The prominent shareholders, such as, for example, CALPERS and TIAA-CREF, to my knowledge did not object to the perverse incentives, precisely because these prominent shareholders trusted the fiduciaries to act in their interest, and believed somehow that the incentives were appropriate. (Perhaps the managers of the prominent shareholders — the large pension and other managed funds — acted as if these incentives were appropriate because these managers’ own incentives were quite similar.) Now those fiduciaries are powerless to stop a massive loss of value (as the market demands), so the shareholders are looking not to their fiduciaries (who can in effect do nothing) but to the taxpayers.
Thank you. You are the first one to use an analogy that I can understand. Math was my worst subject in school.
Who really watches "Face the Nation" anyway? Obama has a long history of taking credit for work that he has no understanding of, let alone any responsibility for. His mediocre record in the Illinois General Assembly speaks for itself. Don't fall into the trap of taking anything this clown says seriously.
Very true, but most of the assumptions being made on the threads today are based on Paulson’s proposal, which is not what was agreed to. Can there be changes? Yes. But I’ll wait until they are made before I say they are in there.
I am presently reading the actual text of the draft bill now and can assure you these "throwing mortgages at people with no documentable income" is still in there....
Lot's more to read, but already found THAT in the bill.
I have somewhat against Sarah Palin, but it is of little regard as she is not at the top of the ticket. One does not buy a product for the "free prize inside", or if one does, one is invariably disappointed.
One need only see McCain striding the halls of power with Lieberman on his right and Graham on his left (and not a whiff of Palin to be seen) to know what his administration will look like.
Y'all are being played.
Thank you both!
I’ve felt this situation needed an analogy for a long time. The situation is too impenetrable (even for an MBA in Finance like me) to grasp easily otherwise. Please email it around if you feel it works.
And Obama gets elected president in a landslide.
So we can keep our conservative principles intact while a Marxist in the White House and a socialist Congress destroy the United States of America over the next four to eight years.
Nice victory.
_____________________________
I don’t agree that Obama will win in a landslide. I’m voting for McCain regardless! This is our country! It’s more important to save as much of our republic as possible from socialism. The front lines right now are against this bailout. It’s where Mac is and where we need to be as well. If it costs Mac the election, and I don’t believe it will, then we work harder to get a republican majority at midterm. Yeah, I’m staying confident. This is my country and I will not go wobbly. I’ve Thatcher, Churchill, Reagan, and many many more courageous people to learn from than to allow defeat and despair to overtake me. Stay in the battle and fight for our freedoms.
Don’t worry, I’m ALWAYS right. (ahem..)
By removing the forced mark to market, can the financial institutions then sort out which assets are failed and separate them from the other paying assets, and with insurance by a safety net for the paying assets? Yes, and that is what in essence the Republican plan has been trying to insert, to reduce by hundreds of billions the exposure of failing assets. Would you like to elaborate on that? I would be eager to read what you have to say in that regard.
Well, obviously I don’t know your circumstances but normally someone who makes $10,000 a year and has dependents gets back more than they pay in.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.